Bitcoin Mining Calculator CoinWarz

[Updated Jan 2020] How many Irish Subs are there really?

The first time I made this post I had uncovered 500+ Irish related subs on reddit, from the abandoned to the large. This was some time in 2016ish and I have continued to try and track as many new subs as I can.
Below is the updated list, again including some of the Discord Servers & useful other external links (although not counted) and the count stands at 710 plus some redirects/banned subs/karma farms. I have also continued to included some of the North American Subs that could be mistaken for Irish just for information.
As you can see from the notations many, many of them are inactive but it's more about finding as many of them as possible than anything else.
If anyone knows of, or can find, new ones not listed below, throw them in the comments and I'll add them to the list. A rich vein of new ones continue to be towns etc, people from Ireland (bands etc) and products.
To any owners of Discords that appear on this list or not, let me know of perma invitation links as I know some of the below have expired but I'd rather have them as reminders/ place holders than not.
Notes:
To anyone who owns a sub...put a description in the bleedin' sidebar! (Growing is easier if people don't have to guess what the sub is for)
If you find a sub you might like to resurrect you can head over the /redditrequest and request to take it over. See their sidebar for full rules and process.
(P) = Currently Private Sub
(O) = Out of Use
(m) = Authors Notation
(NI) = Northern Ireland
(R) = Redirects

Visiting & Moving to Ireland

Also see ‘Hobbies & Interests’ and ‘Locations’ below.
General Discords

Irish Language/ As Gaeilge Subs

History & Heritage

Media, Music & Art

Media Discussion
News Subs
Media Creatives
Music
Underground Film & Music
Instruments
Dance
Art, Design & Visual

IT, Developers & Tech

Developers
Infrastructure
Data & Crypto
PC Parts
Gaming
  • See below

LGBT

Womens Issues

Teens

Health & Well-being Issues

Education Subs

Second Level
Third Level
Clubs/ Societies & College Interests

Political Parties/ Discussion

Discussions
Parties
State Institutions
Political Issues
Political Satire
Pol Discords

Model Government & Related Subs

Model Houses & Parties
Model Media
Model Meta & Misc

Religion & Religious Issues

Sports

GAA
Football
Teams
Fans Subs
Rugby
Other Sports

Jobs

Legal, Financial & Property

Legal
** Legal System**
Financial
Community Assistance
Bargains & For Sale
Earn Credit
Property

Transport

Rail
Buses
MotorBikes
Cars

Hobbies & Interests

Drug Culture
Vaping
Books
Board Gaming
Crafts
Computer Gaming
Discords
Tech Interests
Food & Drink
Dating & Social Groups
Events
Outdoor Activities
Weapons Enthusiasts
Fun Subs
Fun Discords
Places to Moan
Fandom Subs
Celtic Subs
Discords
NSFW Adulty Subs
Meta & Alternative Ireland Subs
Misc Defunct/ Unknown Content

Ireland not local enough for ya? Subscribe to:

Locations

Counties
Cities/ Towns/ Townlands
Areas
Northern Ireland
Ex-Pat Communities
Location Based Discords

Sandboxes

Not Irish Subs

  • Irish Subs Count: 710 + 9
submitted by louiseber to ireland [link] [comments]

05-23 15:04 - 'Global E House Market : Industry Analysis and Forecast (2018-2026)' (self.Bitcoin) by /u/AjayMaximze removed from /r/Bitcoin within 31-41min

'''
[Global E House Market was]1 valued at US$ 1.4Bn in 2017 and is expected to reach US$ 2.5Bn by 2026, at a CAGR of 7.52 % during a forecast period.


[link]3

Electric house (E-house) also known as the powerhouse, is defined as a plug-and-play solution which offers electrical power. Growing offshore oil & gas exploration activity, growth in mining and power infrastructure have increased the demand for electrical houses worldwide. This has been further amplified with the increasing demand for E-Houses rising from the renewable energy sector. A global rise in the rail infrastructure, with dedicated freight corridors being constructed around the globe, would also fuel the E-House business globally.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

The growth of E-House market is mainly driven by investments in the oil & gas sector and power sector. There are various drivers of e-house such as it is quick and easy to install on site. Its durability offers insulated protection to equipment thus reducing the work of civil engineers. Parnis Manufacturing Ltd Company manufactures E-House which is fully equipped with electrical substations and is constructed using insulated steel panels. It is designed in such a way that it delivers the best-customized solutions.

E-houses are used in both the utility segment and industrial segment applications for varied benefits. Planned maintenance, disaster response, and quick growth of transmission capacity are some use cases where e-houses have delivered a sure outcome for utility applications. E-houses are used to offer temporary power supply during unplanned repairs. Additionally, in the times of planned maintenance, e-house can reduce or even eliminate the need for extended electricity outages.

Mobile substation segment is leading the market for E-house. Mobile substation can be nearby for emergency response as a backup unit. It can also be useful in cases where the energy distribution needs to be providing or reinstated in a short span of time. Mobile substation as a backup for disaster response can ensure quick power supply and faster recovery throughout an incident.

The Middle East & Africa to grow at highest CAGR during the forecast period. The Middle East & Africa not only holds the largest market share followed by North America but is also expected to grow at the highest rate over the forecast period. Rapid electrification in Africa, along with the demand from the metals & mining industry in the region is expected to drive the growth of the e-house market globally.

North America holds the second major market share in global E-House market. The growing power usage in metal extraction, data centres and other applications are driving the market for global E-House market in the North America region. The increasing investments in mobile power solutions are fuelling market growth. Industries in The Asia Pacific region are adopting mobile power solutions and is expected to show slow growth rate throughout the forecast period.
Scope of Global E House Market

Global E House Market, By Type

• Fixed E-House (Skid Mounted)
• Mobile Substation
Global E House Market, By Component

• Switchgear
• Transformer
• Bus Bar
• Variable Frequency Drive
• Power Management System
• HVAC
• Other Auxiliary Systems
Global E House Market, By Application

• Utilities
• Industrial
o Oil & Gas
o Metals & Mining
o Others
Global E House Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key Players operating in Global E-House Market

• ABB
• Siemens
• Eaton
• Schneider Electric
• General Electric
• CG Power
• Meidensha
• Electroinnova
• WEG
• TGOOD
• Powell Industries
• Elgin Power Solutions
• Matelec Group
• Aktif Group
• PME Power Solutions (India) Limited
• EKOS Group
• Efacec
• Delta Star
• Nari Group
• Unit Electrical Engineering (UEE)
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.


Contact info:

Name: Vikas Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [[email protected]]2
[link]4
'''
Global E House Market : Industry Analysis and Forecast (2018-2026)
Go1dfish undelete link
unreddit undelete link
Author: AjayMaximze
1: www.*axi*izemark*tr*s**rc*.com/mark*t*r***rt/global-e**o*se*m*rk*t/28068/ 2: mailto:[email protected] 3: previ**.r*dd.it/cp7*mh*rxi**1.png**idth=729***p;f*rmat=**g&**ut*=w*bp&*s=c*cd4*7*59f87**518d83a7**0d*9*9cb8*d4881 4: Website:www.maximizemarketresearch.com
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Are ASICs a real problem for Ethereum miners?

Are ASICs a real problem for Ethereum miners?
ASICs are coming to the Ethereum mining industry, and small independent miners are virtually doomed. 2Ether has come up with a solution — the third element in our dynamic block reward system. But before we explain it, we’ll have to talk about Ethereum ASICs.
If you don’t know that much about Ethereum, you might be surprised to learn that ASICs for mining ETH actually exist. Isn’t Ethereum’s algorithm — Ethash — supposed to be ASIC-resistant? If it isn’t then why is everyone still mining using GPUs?
Well, Ethash is indeed much less ASIC-friendly than the algorithm of Bitcoin. It doesn’t mean that you can’t make ASIC chips for mining ether, though. It’s just that it’s difficult to make ASICs that would be much more efficient than graphic cards (GPUs).
The efficiency of a piece of mining hardware is calculated as a ratio of power (measured in kilowatt hours) to hash power (measured in megahash per second). So for example, if you have two devices that both produce 50 MH/s, but one of them consumes 1 kWh, and the other consumes 2 kWh, then the first device is twice more efficient.
ASICs cost a lot of money to design, and their market price is high. So it only makes sense to buy an ASIC if it gives you a serious advantage over other types of hardware. You should also keep in mind that if the algorithm changes, you’ll need to replace your ASIC with a new model. Such chips are built to carry out one task and one task only — that’s why they are called application-specific integrated circuits (that’s how the acronym is deciphered).
Now, the first ASICs for Ethereum came out in April 2018, and they were more than a curious gadget than a serious rival to GPUs. Vitalik Buterin said that they were not a threat and the best action would be no action.
But the situation changed. Soon, there were ASICs twice as efficient as the best graphic cards. Still, it wasn’t enough to justify the price difference.
Finally, in late September 2019, Chinese manufacturer and distributor of mining hardware Canaan announced that it would start selling a new ASIC that is 5 to 7 times more efficient than the leading GPU models. Its W/MHs ratio is just 0.68–7.5 times better compared to AMD Vega 64 and 5.3 times better than AMD RX570.
What does this mean for Ethereum mining? When such models go on sale, whoever can afford them will be able to extract very high profits. GPU miners will be at a disadvantage. And if you have only a small rig with a couple of GPUs at home, your prospects are grim.
You might ask: can’t Ethereum devs do something — say, change the algorithm? Bitcoin algo changes regularly, after all. Unfortunately, Ethereum works differently, so every algorithm change would require a hard fork — with all the consequences it entails. The devs have been talking about introducing a new consensus protocol called ProgPOW (Programmable Proof of Work). It would make the algorithm change regularly and ensure ASIC resistance. But Vitalik Buterin believes that the real goal is a switch to Proof of Stake, not tweaking PoW.
What other options are there to protect small miners from the upcoming wave of ASICs? In our next post, we’ll explain how 2Ether plans to deal with this problem.

https://2ether.com/
Web site — https://2ether.com/ Twitter — https://twitter.com/2Ether_ Discord — https://discord.gg/TuqG4py Facebook — https://www.facebook.com/2Ethe Reddit — https://www.reddit.com/use2Ether Medium — https://medium.com/@2ether Teletype — https://teletype.in/@2ether Telegram — https://t.me/ether2support Telegram chat — https://t.me/blockchain_2ether
submitted by 2Ether to u/2Ether [link] [comments]

Regarding Threads on Bitmain and ASIC Resistance (Mega Thread!)

Guys,
Let’s take a minute to talk about what’s going on. We need to make sure all users are on the same page and the falsifications and assumptions stop.
I'm with you, and I understand that you feel betrayed. However, cleaning up after the constant bickering for those pro-fork and those anti-fork is growing tiresome. It's time we have a civil discussion and talk about facts.

Timeline of events

On 03/31/2018, a user from Ethfans.org posted a video on Telegram of a supposed Ethash ASIC. The video made its way to /Ethermining in a thread. It is important to mention that these values can be modified by changing “get_miner_status.cgi” and “minerStatus.cgi” and that there has been no credible evidence that has popped up in the nine days following the release of the supposed leak. Additionally, the following abnormalities should be noted:
Also on 3/31/2018, a user on Russian site Bits.media noticed that the pre-order for the Bitmain E3 was already up. It was believed to be an April fools joke; needless to say, it wasn’t.
On 04/02/2018, Bitmain launched the E3 and began taking pre-orders for a June delivery. At that time, the price was $800 and promised a hashing power of 180MH/s at 800 watts.
On 04/06/2018, Ethereum core developers decided against hard-forking Ethereum at this time, as they weren't convinced that it would positively impact the community given a hard-fork's disruption and the unknown of how the ASIC worked (specifically if it was programmable). The community became upset over broken promises of ASIC resistance, and this has since spread to a full out finger pointing of who is wrong.
On 04/08/2018, an apparently forged photo showed up showing a higher-hashing ASIC with far less power consumption. This is not only very unlikely, but the link in the photo was gibberish, whereas the E3's link was valid. We're writing that one up as FUD.

The "ASIC Resistance" Argument

At this point, I think that it’s I think it's important that we visit some key points of the Ethereum project. A lot of people have been quoting the whitepaper, calling ETH ASIC-proof and implying that the developers do not care about the problem.
In actuality, Ethereum never promised that it would be ASIC-proof, merely that it would provide an economic incentive to be resistant to the development of an ASIC. I'd like to produce a quote from the Ethereum Wiki, found here.
Ultimately, perfect ASIC resistance is impossible; there are always portions of circuits that are going to be unused by any specific algorithm and that can be trimmed to cut costs in a specialized device. However, what we are looking for is not perfect ASIC resistance but rather economic ASIC resistance.
...
The problem is that measuring an economy in a secure way is a difficult problem. The most obvious metric that the system has access to is mining difficulty, but mining difficulty also goes up with Moore's law and in the short term with ASIC development, and there is no known way to estimate the impact of Moore's law alone and so the currency cannot know if its difficulty increased by 10x due to better hardware, a larger user volume or a combination of both. Other metrics, such as transaction count, are potentially gameable by entities that want the supply to change in a particular direction (generally, holders want a lower supply, miners want a higher supply).
This is solidified by revisiting the whitepaper, specifically the section which identifies how ASICs will be economically stymied:
This model is untested, and there may be difficulties along the way in avoiding certain clever optimizations when using contract execution as a mining algorithm. However, one notably interesting feature of this algorithm is that it allows anyone to "poison the well", by introducing a large number of contracts into the blockchain specifically designed to stymie certain ASICs. The economic incentives exist for ASIC manufacturers to use such a trick to attack each other. Thus, the solution that we are developing is ultimately an adaptive economic human solution rather than purely a technical one.
So with the Ethereum team providing only an economic reason to not develop an ASIC since the beginning, there has been no lie.

Second batch of E3s will not be profitable with Ethereum

As a response to the developers announcing that they are not initiating a hard fork, Bitmain raised the price of the second batch of E3s to $1800. With a PSU ($105) and shipping costs ($225), plus duty fees ($25). That brings each E3 up to $2,155, or $11.97 per MH.
Comparatively, this is like paying $300 per GPU ($1800) plus Mobo/PSU/risers ($355). I have built rigs with similar hashrates for under $1,900 ($10.50 per MH).
If we speculate that Casper is as close as we think (see below), coupled with the rising difficulty, the second batch of E3s are not likely to break-even with Ethereum as a whole. If ETH rises to its ATH, the second batch units may be profitable. Tis the risk of mining.

Current speculation:

  • ASICs are bad!
    • In the Ethereum mining community, ASICs to be viewed as a formidable commodity, when they should rather be viewed as a tool. Tools are never inherently good or bad, but how they are used can be, and some developers intend for the coin to eventually be used with an ASIC. Some coins, such as Sia, were designed to specifically work with an ASIC. > 51% centralization is bad.
  • Bitmain has a better ASIC.
    • Probably. But this is an unknown. Speculation of an ASIC is not a reason to fork the second largest cryptocurrency.
  • Bitmain will be a cause for centralization
    • Everything should be a concern for centralization. Hell, early miners can be a bigger concern. The principals of economies of scale still apply to mining; so those who started out with a lot of GPUs are heavily mining. I've set up warehouses full of GPUs for clients, so if you think some of the guys here are big shots, I promise you there are larger concerns for the current state of centralization.
    • I will also note that yes, we will need to worry about a mass-manufacturer of just ASICs, especially if they are pumping out > 30,000 units per month at the current rate. But the firm that uncovered Bitmain's ASIC, Susquehannah, claims that there are at least three other ASIC manufacturers out there. This puts some silent competition on Bitmain.
  • Ethereum is not as centralized as Bitcoin
    • You'd think that, and the goal of the whitepaper was for Ethereum to be less centralized as bitcoin. It even mentions that "three mining pools indirectly control roughly 50% of processing power in the Bitcoin network." Ethereum is in this state already. Ethermine controls ~28% of the network hashrate, F2pool has ~17%, and SparkPool has ~15%. Arguably, the Ethereum network is in a more sensitive state.
  • Casper is right around the corner.
    • This has been speculation for some time now. Developers confirmed that testnet should be fully operational by August, meaning that we may be able to expect PoS hybrid by DecembeJanuary assuming everything goes as planned.
  • Dev team does not care about miners
    • In the project's current state, miners are a necessity. Remember that seigniorage must be sinigicant enough for miners to continue mining, otherwise, the network would slow and we'd have another Crypto Kitties incident on our hands. Until Ethereum is PoS, you are valid.
  • Dev team wants to get rid of miners
    • Well, yeah. That's what PoS is about. Ethereum will not be Proof of Work forever and that needs to be appreciated.
  • We should fork ourselves into an ASIC-proof currency
    • Do it! Take some initiative and work up a team, I'll be happy to help and support in any way that I can, including pointing my hashing power your way.

Ethereum decision governance

Right now, large decisions are made by the Ethereum core developers. This last decision to not hard-fork was not well received by the community. It feels to be almost an "electoral college" kind of deal, and that's something that has upset a lot of people. Is this the topic that we need to discuss in more detail?

So what is this thread?

For now, this is going to replace our weekly discussion for a few weeks until everything calms down. The sub is in a volatile state and everyone is slinging FUD at everyone else. We need to clean up and calmly discuss our position on the matter at hand. This means:
  • No more fighting about the ASIC in the comments
  • OUTSIDE OF THIS THREAD, please do not shitpost. Meaning, no more strongly worded threads about how you're out of mining completely because of the ASIC, or how the developers screwed you over because ETH was supposed to be ASIC proof, or how people are whining. I'm deleting threads left and right for people who are just using the sub as an outlet to name call on both sides.
  • As always, constructive threads are welcome, but shitposts are to be confined to this thread, please.

We all have different opinions

I am going to remain neutral on this topic. I mine with both GPUs and ASICs, and I've worked with countless numbers of people who do as well. We need to cooperate as a community instead of tearing each other apart over the issue. Let's think before we post and keep comments constructive.
Happy mining!
  • Rob
submitted by Robbbbbbbbb to EtherMining [link] [comments]

The Problem with PoW

The Problem with PoW
Miners have always had it rough..
"Frustrated Miners"

The Problem with PoW
(and what is being done to solve it)

Proof of Work (PoW) is one of the most commonly used consensus mechanisms entrusted to secure and validate many of today’s most successful cryptocurrencies, Bitcoin being one. Battle-hardened and having weathered the test of time, Bitcoin has demonstrated the undeniable strength and reliability of the PoW consensus model through sheer market saturation, and of course, its persistency.
In addition to the cost of powerful computing hardware, miners prove that they are benefiting the network by expending energy in the form of electricity, by solving and hashing away complex math problems on their computers, utilizing any suitable tools that they have at their disposal. The mathematics involved in securing proof of work revolve around unique algorithms, each with their own benefits and vulnerabilities, and can require different software/hardware to mine depending on the coin.
Because each block has a unique and entirely random hash, or “puzzle” to solve, the “work” has to be performed for each block individually and the difficulty of the problem can be increased as the speed at which blocks are solved increases.

Hashrates and Hardware Types

While proof of work is an effective means of securing a blockchain, it inherently promotes competition amongst miners seeking higher and higher hashrates due to the rewards earned by the node who wins the right to add the next block. In turn, these higher hash rates benefit the blockchain, providing better security when it’s a result of a well distributed/decentralized network of miners.
When Bitcoin first launched its genesis block, it was mined exclusively by CPUs. Over the years, various programmers and developers have devised newer, faster, and more energy efficient ways to generate higher hashrates; some by perfecting the software end of things, and others, when the incentives are great enough, create expensive specialized hardware such as ASICs (application-specific integrated circuit). With the express purpose of extracting every last bit of hashing power, efficiency being paramount, ASICs are stripped down, bare minimum, hardware representations of a specific coin’s algorithm.
This gives ASICS a massive advantage in terms of raw hashing power and also in terms of energy consumption against CPUs/GPUs, but with significant drawbacks of being very expensive to design/manufacture, translating to a high economic barrier for the casual miner. Due to the fact that they are virtual hardware representations of a single targeted algorithm, this means that if a project decides to fork and change algorithms suddenly, your powerful brand-new ASIC becomes a very expensive paperweight. The high costs in developing and manufacturing ASICs and the associated risks involved, make them unfit for mass adoption at this time.
Somewhere on the high end, in the vast hashrate expanse created between GPU and ASIC, sits the FPGA (field programmable gate array). FPGAs are basically ASICs that make some compromises with efficiency in order to have more flexibility, namely they are reprogrammable and often used in the “field” to test an algorithm before implementing it in an ASIC. As a precursor to the ASIC, FPGAs are somewhat similar to GPUs in their flexibility, but require advanced programming skills and, like ASICs, are expensive and still fairly uncommon.

2 Guys 1 ASIC

One of the issues with proof of work incentivizing the pursuit of higher hashrates is in how the network calculates block reward coinbase payouts and rewards miners based on the work that they have submitted. If a coin generated, say a block a minute, and this is a constant, then what happens if more miners jump on a network and do more work? The network cannot pay out more than 1 block reward per 1 minute, and so a difficulty mechanism is used to maintain balance. The difficulty will scale up and down in response to the overall nethash, so if many miners join the network, or extremely high hashing devices such as ASICs or FPGAs jump on, the network will respond accordingly, using the difficulty mechanism to make the problems harder, effectively giving an edge to hardware that can solve them faster, balancing the network. This not only maintains the block a minute reward but it has the added side-effect of energy requirements that scale up with network adoption.
Imagine, for example, if one miner gets on a network all alone with a CPU doing 50 MH/s and is getting all 100 coins that can possibly be paid out in a day. Then, if another miner jumps on the network with the same CPU, each miner would receive 50 coins in a day instead of 100 since they are splitting the required work evenly, despite the fact that the net electrical output has doubled along with the work. Electricity costs miner’s money and is a factor in driving up coin price along with adoption, and since more people are now mining, the coin is less centralized. Now let’s say a large corporation has found it profitable to manufacture an ASIC for this coin, knowing they will make their money back mining it or selling the units to professionals. They join the network doing 900 MH/s and will be pulling in 90 coins a day, while the two guys with their CPUs each get 5 now. Those two guys aren’t very happy, but the corporation is. Not only does this negatively affect the miners, it compromises the security of the entire network by centralizing the coin supply and hashrate, opening the doors to double spends and 51% attacks from potential malicious actors. Uncertainty of motives and questionable validity in a distributed ledger do not mix.
When technology advances in a field, it is usually applauded and welcomed with open arms, but in the world of crypto things can work quite differently. One of the glaring flaws in the current model and the advent of specialized hardware is that it’s never ending. Suppose the two men from the rather extreme example above took out a loan to get themselves that ASIC they heard about that can get them 90 coins a day? When they join the other ASIC on the network, the difficulty adjusts to keep daily payouts consistent at 100, and they will each receive only 33 coins instead of 90 since the reward is now being split three ways. Now what happens if a better ASIC is released by that corporation? Hopefully, those two guys were able to pay off their loans and sell their old ASICs before they became obsolete.
This system, as it stands now, only perpetuates a never ending hashrate arms race in which the weapons of choice are usually a combination of efficiency, economics, profitability and in some cases control.

Implications of Centralization

This brings us to another big concern with expensive specialized hardware: the risk of centralization. Because they are so expensive and inaccessible to the casual miner, ASICs and FPGAs predominantly remain limited to a select few. Centralization occurs when one small group or a single entity controls the vast majority hash power and, as a result, coin supply and is able to exert its influence to manipulate the market or in some cases, the network itself (usually the case of dishonest nodes or bad actors).
This is entirely antithetical of what cryptocurrency was born of, and since its inception many concerted efforts have been made to avoid centralization at all costs. An entity in control of a centralized coin would have the power to manipulate the price, and having a centralized hashrate would enable them to affect network usability, reliability, and even perform double spends leading to the demise of a coin, among other things.
The world of crypto is a strange new place, with rapidly growing advancements across many fields, economies, and boarders, leaving plenty of room for improvement; while it may feel like a never-ending game of catch up, there are many talented developers and programmers working around the clock to bring us all more sustainable solutions.

The Rise of FPGAs

With the recent implementation of the commonly used coding language C++, and due to their overall flexibility, FPGAs are becoming somewhat more common, especially in larger farms and in industrial setting; but they still remain primarily out of the hands of most mining enthusiasts and almost unheard of to the average hobby miner. Things appear to be changing though, one example of which I’ll discuss below, and it is thought by some, that soon we will see a day when mining with a CPU or GPU just won’t cut it any longer, and the market will be dominated by FPGAs and specialized ASICs, bringing with them efficiency gains for proof of work, while also carelessly leading us all towards the next round of spending.
A perfect real-world example of the effect specialized hardware has had on the crypto-community was recently discovered involving a fairly new project called VerusCoin and a fairly new, relatively more economically accessible FPGA. The FPGA is designed to target specific alt-coins whose algo’s do not require RAM overhead. It was discovered the company had released a new algorithm, kept secret from the public, which could effectively mine Verus at 20x the speed of GPUs, which were the next fastest hardware types mining on the Verus network.
Unfortunately this was done with a deliberately secret approach, calling the Verus algorithm “Algo1” and encouraging owners of the FPGA to never speak of the algorithm in public channels, admonishing a user when they did let the cat out of the bag. The problem with this business model is that it is parasitic in nature. In an ecosystem where advancements can benefit the entire crypto community, this sort of secret mining approach also does not support the philosophies set forth by the Bitcoin or subsequent open source and decentralization movements.
Although this was not done in the spirit of open source, it does hint to an important step in hardware innovation where we could see more efficient specialized systems within reach of the casual miner. The FPGA requires unique sets of data called a bitstream in order to be able to recognize each individual coin’s algorithm and mine them. Because it’s reprogrammable, with the support of a strong development team creating such bitstreams, the miner doesn’t end up with a brick if an algorithm changes.

All is not lost thanks to.. um.. Technology?

Shortly after discovering FPGAs on the network, the Verus developers quickly designed, tested, and implemented a new, much more complex and improved algorithm via a fork that enabled Verus to transition smoothly from VerusHash 1.0 to VerusHash 2.0 at block 310,000. Since the fork, VerusHash 2.0 has demonstrated doing exactly what it was designed for- equalizing hardware performance relative to the device being used while enabling CPUs (the most widely available “ASICs”) to mine side by side with GPUs, at a profit and it appears this will also apply to other specialized hardware. This is something no other project has been able to do until now. Rather than pursue the folly of so many other projects before it- attempting to be “ASIC proof”, Verus effectively achieved and presents to the world an entirely new model of “hardware homogeny”. As the late, great, Bruce Lee once said- “Don’t get set into one form, adapt it and build your own, and let it grow, be like water.”
In the design of VerusHash 2.0, Verus has shown it doesn’t resist progress like so many other new algorithms try to do, it embraces change and adapts to it in the way that water becomes whatever vessel it inhabits. This new approach- an industry first- could very well become an industry standard and in doing so, would usher in a new age for proof of work based coins. VerusHash 2.0 has the potential to correct the single largest design flaw in the proof of work consensus mechanism- the ever expanding monetary and energy requirements that have plagued PoW based projects since the inception of the consensus mechanism. Verus also solves another major issue of coin and net hash centralization by enabling legitimate CPU mining, offering greater coin and hashrate distribution.
Digging a bit deeper it turns out the Verus development team are no rookies. The lead developer Michael F Toutonghi has spent decades in the field programming and is a former Vice President and Technical Fellow at Microsoft, recognized founder and architect of Microsoft's .Net platform, ex-Technical Fellow of Microsoft's advertising platform, ex-CTO, Parallels Corporation, and an experienced distributed computing and machine learning architect. The project he helped create employs and makes use of a diverse myriad of technologies and security features to form one of the most advanced and secure cryptocurrency to date. A brief description of what makes VerusCoin special quoted from a community member-
"Verus has a unique and new consensus algorithm called Proof of Power which is a 50% PoW/50% PoS algorithm that solves theoretical weaknesses in other PoS systems (Nothing at Stake problem for example) and is provably immune to 51% hash attacks. With this, Verus uses the new hash algorithm, VerusHash 2.0. VerusHash 2.0 is designed to better equalize mining across all hardware platforms, while favoring the latest CPUs over older types, which is also one defense against the centralizing potential of botnets. Unlike past efforts to equalize hardware hash-rates across different hardware types, VerusHash 2.0 explicitly enables CPUs to gain even more power relative to GPUs and FPGAs, enabling the most decentralizing hardware, CPUs (due to their virtually complete market penetration), to stay relevant as miners for the indefinite future. As for anonymity, Verus is not a "forced private", allowing for both transparent and shielded (private) transactions...and private messages as well"

If other projects can learn from this and adopt a similar approach or continue to innovate with new ideas, it could mean an end to all the doom and gloom predictions that CPU and GPU mining are dead, offering a much needed reprieve and an alternative to miners who have been faced with the difficult decision of either pulling the plug and shutting down shop or breaking down their rigs to sell off parts and buy new, more expensive hardware…and in so doing present an overall unprecedented level of decentralization not yet seen in cryptocurrency.
Technological advancements led us to the world of secure digital currencies and the progress being made with hardware efficiencies is indisputably beneficial to us all. ASICs and FPGAs aren’t inherently bad, and there are ways in which they could be made more affordable and available for mass distribution. More than anything, it is important that we work together as communities to find solutions that can benefit us all for the long term.

In an ever changing world where it may be easy to lose sight of the real accomplishments that brought us to this point one thing is certain, cryptocurrency is here to stay and the projects that are doing something to solve the current problems in the proof of work consensus mechanism will be the ones that lead us toward our collective vision of a better world- not just for the world of crypto but for each and every one of us.
submitted by Godballz to CryptoCurrency [link] [comments]

BITCORE BTX [ANN v2.0]

BITCORE BTX [ANN v2.0]
https://preview.redd.it/uv18v1yaxhe11.jpg?width=1440&format=pjpg&auto=webp&s=a32ca263d2dbe5510e678f4c3c645d1f7e2f3b59
Coin Specification Segwit with Core 0.15.1.0 PoW Algo Wallets
- BitCore BTX- Core 0.15.0.2- 21 Million Coin- 2,5 min- DefaultPort = 8555 - RPC Port 40332- Segwit and Bloom- 20 MB Blocksize (10 MB + 10 MB Segwit)_- Algo Timetravel10- Diff Retarget: Bitcore 64_15 The Segwit opens up new possibilities like the Lightning Network,Tumblebit, Schnorr Signatures,_Confidential Transactions, Cross-chain atomic swaps, and so on.We are alreadyexploring all these new functions, and testing the water.We expect the first implementations as fast as possible. “TimeTravel10”, that actually bases on 40320 different combinations of hashing algorithms and that easily can be extended_to 362880, 3628800 or even more,lets miners travel through time throughthem or through them through time. Source: Github Release Download: Releases Mobile Wallet: Coinomi / Android / iOS Electrum Wallet Electrem Third party wallets Zeltrez / Jaxx Liberty < NEW
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Discover our roadmap here
https://i.redd.it/eghvz61yyhe11.gif
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Bit-Z BTX/BTC Cryptopia BTX/ BTC USDT NZDT LTC DOGE HitBTC BTX/BTC VE Bitcoin BTX/BTC
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Exrates BTX/ USD EUR BTC ETH Crypto-Bridge BTX/BTC QBTC BTX/CNTY CoinExchange BTX/BTC
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Ocatex BTX/BTC Bitexlive BTX/ USD EUR BTC Bitibu BTX/BTC Trade Satoshi BTX/BTC
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PayCml BTX/LYRA Crex24 BTX/BTC Excoincial SOON > BTX/BTC ...
https://preview.redd.it/al254pcx0ie11.jpg?width=1440&format=pjpg&auto=webp&s=30412c82c128e6a96fe68a07b40142362dda33dc
Go to Livingroom of Satoshi Go to Kamoney Go to Cryptonaut Go to EasyRabBit Go to LucckyGames
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Go to CryptoID Go to InsightAPI Go to Livenet
https://preview.redd.it/jwy48q5k1ie11.jpg?width=1440&format=pjpg&auto=webp&s=7ade73d514597465d2d62055842ec7cdce9ef9c6
Go to CryptoCompare Go to WorldCoinIndex Go to CoinMarketCap
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Bitcorepool Omegapool Suprnova Chainworks
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Antminepool Coin-miners BSOD Umine
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Poolgpu Yiimp BTXpool Minersport
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Cointelegraph Bitcore a lightning fast solution to the scaling debate Read
CCN Bitcore winning scaling race earth shattering speed Read
BTC Echo Muss es immer ein Hardfork sein? Nein! – Bitcore (BTX) legt seit April vor Read
Steemit Bitcore BTX Guide: the 2nd snapshot for BTC HODLers - free BTX | how it works Read
Steemit Making blockchain history: Bitcore (BTX) is currently writing blocks with over 3000 kB of data! Read
BTCmanager.com Why is the Cryptocurrency Community Ignoring Bitcore? Read
Bitcore Bitcoin Core Developer Jimmy Song about Bitcore “the most clever fork” Read
Cryptonaut Bitcore is one of the first known cryptocurrencies to use the hybrid fork method to distribute BTX Read
Soft2share Cryptocurrency was what made an entry into the financial sector to address the concerns raised by the centralized infrastructure. Read
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Bitcore BTX - Twitter Official Bitcore BTX - Telegram Official Telegram German Telegram Spanish Telegram Italian Telegram Italian Telegram Russian Telegram Ukraine Telegram Bahasa Telegram Philipine Telegram Romania
..
Bitcore on Youtube Bitcore on Discord Facebook Fanpage / Group

QQ Groupno. 680492670 Go to Chat on Crypto Go to Line @Bitcore.btx / @Bitcore_official
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How to sign a message? How to type your sign message from wallet in the registration form? Read BTX Mining Manual A manual for those who struggles setting up mining BTX. Read
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Bitcore Snapshot The premine address is 13hwgY4YUvrgnhjLP5ugFafL1cmbRRtr5ePRE ANN was 23.04.2017Download Snapshot...here (140 MB)Mediafiles and CI Download files here Press kit Basic | Press kit Full
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Chris Jon Steve David
System, Service Administrator & All-Round Talent Core Developer Brand Ambassador & Social Media Publications & Graphic Design
Chris is Bitcore’s main developer. He has worked on several other coins like BitSend, Bitcloud and more.Founder from Limxtec Jon is the API, Electrum and infrastructure developer for Bitcore. He supervises the contact to exchanges, listing sites and more. David is the artistic mind behind Bitcore. He is also working on media publications and supports the core team’s workflow.
Ivo Thomas Greg (GM) DgCarlosLeon
Web Development & Project Consultant Exchange Manager Mining Expert Support and Graphic Design
Ivo is working on the website as well as helping Bitcore grow both legally and technically. Thomas is our email and exchange manager responsible for most of our official communication with services and exchange platforms. Mining pool admin and mining support via telegram channel. Carlos is Bitcore Reddit communicator and graphic supporter.
Fahim Altinordu Brad Eric Hampus
Supporter Supporter Telegram and Facebook Support Supporter
Turkish and international exchange management. Brad is Bitcore’s Facebook manager. Hampuz is organizing signature campaigns and manages our threads on a lot of altcoin forums.
Klaas Ibrahim Acir Ugur Jose Martin
Supporter Developer Team (Turkey) Supporter Spanish Community Manager
Telegram and altcoin forum support. Ugur is managing Bitcore’s Turkish community and helps with telegram support work.
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DISCLAIMER | The Bitcore BTX (ANN REDDIT) cannot take responsibility for third party providers, such as the listed exchanges, wallets, sites and pools. All links hosted on our domain are by community members and third parties and by clicking on any of the listed links you are accepting the risks of using the third party domain and taking responsibility for any losses, damage or other issues using said domain. Crypto-currencies are inherently risky and investors and users must remain vigilant.
Web: Official | News | Coin Specs | Roadmap | White Paper | Ecosystem | Network Update | Community | FAQ | Blog | Team Wallets: Windows | Win Wallet & Blockchain | Linux | Mac | iOS | Android | Eletrum | Zeltrez | Jaxx Liberty Exchanges: Bit Z | Cryptopia | hitBTC | VE Bitcoin | Exrates | Crypto Bridge | QBTC | Coinexchange | Octaex | Bitexlive | Bitibu | Trade Satoshi | PayCML Services: Livingroom of Satoshi | Kamoney | Cryptonaut | EasyRabBit.net | LuckyGames.io Block Explorers: InsightAPI | Crypto ID | Liivenet Mining Pools: Bitcorepool | Yiimp | Suprnova | Chainworks | Umine | Ant Mine Pool | Coin Miners | BSOD | BTXpool | Minersport | Omegapool | PoolGPU Market Info: CoinMarketCap | World Coin Index | Cryptocompare Source: Github | Kryptowerk | DgCarlosLeon _____________________________________________________________________________
ANN Designed by DgCarlosLeon | Bitcore BTX - 2018
submitted by dgcarlosleon to bitcore_btx [link] [comments]

[Updated] How many Irish Subs are there really?

E: 2 hours it took for this to need a new one added - New Count 619 620 623 625 632
This time last year I made this post and had uncovered 500+ Irish related subs on reddit, from the abandoned to the large.
Below is the updated list, now including some of the Discord Servers & useful other external links (although not counted) and the count stands at 618 619 620 623 625 632 plus some redirects/banned subs/karma farms. I have also included some of the American Subs that could be mistaken for Irish just for information.
As you can see from the notations many, many of them are inactive but it's more about finding as many of them as possible than anything else.
If anyone knows of, or can find, new ones not listed below throw them in the comments and I'll add them to the list. A rich vein of new ones are towns etc, people from Ireland (bands etc) and products.
Notes:
To anyone who owns a sub...put a description in the bleedin' sidebar!
If you find a sub you might like to resurrect you can head over the /redditrequest and request to take it over. See their sidebar for full rules and process.
(P) = Currently Private Sub
(O) = Out of Use
(m) = Authors Notation
(NI) = Northern Ireland
(R) = Redirects

Visiting & Moving to Ireland

General Discords

Irish Language/ As Gaeilge Subs

History & Heritage

Media, Music & Art

Media Discussion
News Subs
Media Creatives
Music
Underground Film & Music
Instruments
Dance
Art, Design & Visual

IT, Developers & Tech

Developers
Data & Crypto
PC Parts
Gaming
  • See below

LGBT

Womens Issues

Health & Well-being Issues

Education Subs

Second Level
Third Level
Clubs/ Societies & College Interests

Political Parties/ Discussion

Discussions
Parties
Political Issues
Political Satire
Pol Discords

Model Government & Related Subs

Model Houses & Parties
Model Media
Model Meta & Misc

Religion & Religious Issues

Sports

GAA
Football
Teams
Fans Subs
Rugby
Other Sports

Jobs

Legal, Financial & Property

Legal
Financial
Bargains & For Sale
Earn Credit
Property

Transport

Rail
MotorBikes
Cars

Hobbies & Interests

Drug Culture
Vaping
Books
Board Gaming
Crafts
Computer Gaming
Discords
Tech Interests
Food & Drink
Dating & Social Groups
Events
Outdoor Activities
Weapons Enthusiasts
Fun Subs
Places to Moan
Fandom Subs
Celtic Subs
Discords
NSFW Adulty Subs
Meta & Alternative Ireland Subs
Misc Defunct/ Unknown Content

Ireland not local enough for ya? Subscribe to:

Locations

Counties
Cities/ Towns/ Townlands
Areas
Northern Ireland
Ex-Pat Communities

Sandboxes

Not Irish Subs

  • Irish Subs Count: 618 619 620 623 625 632
submitted by louiseber to ireland [link] [comments]

The Problem with PoW


Miners have always had it rough..
"Frustrated Miners"


The Problem with PoW
(and what is being done to solve it)

Proof of Work (PoW) is one of the most commonly used consensus mechanisms entrusted to secure and validate many of today’s most successful cryptocurrencies, Bitcoin being one. Battle-hardened and having weathered the test of time, Bitcoin has demonstrated the undeniable strength and reliability of the PoW consensus model through sheer market saturation, and of course, its persistency.
In addition to the cost of powerful computing hardware, miners prove that they are benefiting the network by expending energy in the form of electricity, by solving and hashing away complex math problems on their computers, utilizing any suitable tools that they have at their disposal. The mathematics involved in securing proof of work revolve around unique algorithms, each with their own benefits and vulnerabilities, and can require different software/hardware to mine depending on the coin.
Because each block has a unique and entirely random hash, or “puzzle” to solve, the “work” has to be performed for each block individually and the difficulty of the problem can be increased as the speed at which blocks are solved increases.
Hashrates and Hardware Types
While proof of work is an effective means of securing a blockchain, it inherently promotes competition amongst miners seeking higher and higher hashrates due to the rewards earned by the node who wins the right to add the next block. In turn, these higher hash rates benefit the blockchain, providing better security when it’s a result of a well distributed/decentralized network of miners.
When Bitcoin first launched its genesis block, it was mined exclusively by CPUs. Over the years, various programmers and developers have devised newer, faster, and more energy efficient ways to generate higher hashrates; some by perfecting the software end of things, and others, when the incentives are great enough, create expensive specialized hardware such as ASICs (application-specific integrated circuit). With the express purpose of extracting every last bit of hashing power, efficiency being paramount, ASICs are stripped down, bare minimum, hardware representations of a specific coin’s algorithm.
This gives ASICS a massive advantage in terms of raw hashing power and also in terms of energy consumption against CPUs/GPUs, but with significant drawbacks of being very expensive to design/manufacture, translating to a high economic barrier for the casual miner. Due to the fact that they are virtual hardware representations of a single targeted algorithm, this means that if a project decides to fork and change algorithms suddenly, your powerful brand-new ASIC becomes a very expensive paperweight. The high costs in developing and manufacturing ASICs and the associated risks involved, make them unfit for mass adoption at this time.
Somewhere on the high end, in the vast hashrate expanse created between GPU and ASIC, sits the FPGA (field programmable gate array). FPGAs are basically ASICs that make some compromises with efficiency in order to have more flexibility, namely they are reprogrammable and often used in the “field” to test an algorithm before implementing it in an ASIC. As a precursor to the ASIC, FPGAs are somewhat similar to GPUs in their flexibility, but require advanced programming skills and, like ASICs, are expensive and still fairly uncommon.
2 Guys 1 ASIC
One of the issues with proof of work incentivizing the pursuit of higher hashrates is in how the network calculates block reward coinbase payouts and rewards miners based on the work that they have submitted. If a coin generated, say a block a minute, and this is a constant, then what happens if more miners jump on a network and do more work? The network cannot pay out more than 1 block reward per 1 minute, and so a difficulty mechanism is used to maintain balance. The difficulty will scale up and down in response to the overall nethash, so if many miners join the network, or extremely high hashing devices such as ASICs or FPGAs jump on, the network will respond accordingly, using the difficulty mechanism to make the problems harder, effectively giving an edge to hardware that can solve them faster, balancing the network. This not only maintains the block a minute reward but it has the added side-effect of energy requirements that scale up with network adoption.
Imagine, for example, if one miner gets on a network all alone with a CPU doing 50 MH/s and is getting all 100 coins that can possibly be paid out in a day. Then, if another miner jumps on the network with the same CPU, each miner would receive 50 coins in a day instead of 100 since they are splitting the required work evenly, despite the fact that the net electrical output has doubled along with the work. Electricity costs miner’s money and is a factor in driving up coin price along with adoption, and since more people are now mining, the coin is less centralized. Now let’s say a large corporation has found it profitable to manufacture an ASIC for this coin, knowing they will make their money back mining it or selling the units to professionals. They join the network doing 900 MH/s and will be pulling in 90 coins a day, while the two guys with their CPUs each get 5 now. Those two guys aren’t very happy, but the corporation is. Not only does this negatively affect the miners, it compromises the security of the entire network by centralizing the coin supply and hashrate, opening the doors to double spends and 51% attacks from potential malicious actors. Uncertainty of motives and questionable validity in a distributed ledger do not mix.
When technology advances in a field, it is usually applauded and welcomed with open arms, but in the world of crypto things can work quite differently. One of the glaring flaws in the current model and the advent of specialized hardware is that it’s never ending. Suppose the two men from the rather extreme example above took out a loan to get themselves that ASIC they heard about that can get them 90 coins a day? When they join the other ASIC on the network, the difficulty adjusts to keep daily payouts consistent at 100, and they will each receive only 33 coins instead of 90 since the reward is now being split three ways. Now what happens if a better ASIC is released by that corporation? Hopefully, those two guys were able to pay off their loans and sell their old ASICs before they became obsolete.
This system, as it stands now, only perpetuates a never ending hashrate arms race in which the weapons of choice are usually a combination of efficiency, economics, profitability and in some cases control.
Implications of Centralization
This brings us to another big concern with expensive specialized hardware: the risk of centralization. Because they are so expensive and inaccessible to the casual miner, ASICs and FPGAs predominantly remain limited to a select few. Centralization occurs when one small group or a single entity controls the vast majority hash power and, as a result, coin supply and is able to exert its influence to manipulate the market or in some cases, the network itself (usually the case of dishonest nodes or bad actors).
This is entirely antithetical of what cryptocurrency was born of, and since its inception many concerted efforts have been made to avoid centralization at all costs. An entity in control of a centralized coin would have the power to manipulate the price, and having a centralized hashrate would enable them to affect network usability, reliability, and even perform double spends leading to the demise of a coin, among other things.
The world of crypto is a strange new place, with rapidly growing advancements across many fields, economies, and boarders, leaving plenty of room for improvement; while it may feel like a never-ending game of catch up, there are many talented developers and programmers working around the clock to bring us all more sustainable solutions.
The Rise of FPGAs
With the recent implementation of the commonly used coding language C++, and due to their overall flexibility, FPGAs are becoming somewhat more common, especially in larger farms and in industrial setting; but they still remain primarily out of the hands of most mining enthusiasts and almost unheard of to the average hobby miner. Things appear to be changing though, one example of which I’ll discuss below, and it is thought by some, that soon we will see a day when mining with a CPU or GPU just won’t cut it any longer, and the market will be dominated by FPGAs and specialized ASICs, bringing with them efficiency gains for proof of work, while also carelessly leading us all towards the next round of spending.
A perfect real-world example of the effect specialized hardware has had on the crypto-community was recently discovered involving a fairly new project called VerusCoin and a fairly new, relatively more economically accessible FPGA. The FPGA is designed to target specific alt-coins whose algo’s do not require RAM overhead. It was discovered the company had released a new algorithm, kept secret from the public, which could effectively mine Verus at 20x the speed of GPUs, which were the next fastest hardware types mining on the Verus network.
Unfortunately this was done with a deliberately secret approach, calling the Verus algorithm “Algo1” and encouraging owners of the FPGA to never speak of the algorithm in public channels, admonishing a user when they did let the cat out of the bag. The problem with this business model is that it is parasitic in nature. In an ecosystem where advancements can benefit the entire crypto community, this sort of secret mining approach also does not support the philosophies set forth by the Bitcoin or subsequent open source and decentralization movements.
Although this was not done in the spirit of open source, it does hint to an important step in hardware innovation where we could see more efficient specialized systems within reach of the casual miner. The FPGA requires unique sets of data called a bitstream in order to be able to recognize each individual coin’s algorithm and mine them. Because it’s reprogrammable, with the support of a strong development team creating such bitstreams, the miner doesn’t end up with a brick if an algorithm changes.
All is not lost thanks to.. um.. Technology?
Shortly after discovering FPGAs on the network, the Verus developers quickly designed, tested, and implemented a new, much more complex and improved algorithm via a fork that enabled Verus to transition smoothly from VerusHash 1.0 to VerusHash 2.0 at block 310,000. Since the fork, VerusHash 2.0 has demonstrated doing exactly what it was designed for- equalizing hardware performance relative to the device being used while enabling CPUs (the most widely available “ASICs”) to mine side by side with GPUs, at a profit and it appears this will also apply to other specialized hardware. This is something no other project has been able to do until now. Rather than pursue the folly of so many other projects before it- attempting to be “ASIC proof”, Verus effectively achieved and presents to the world an entirely new model of “hardware homogeny”. As the late, great, Bruce Lee once said- “Don’t get set into one form, adapt it and build your own, and let it grow, be like water.”
In the design of VerusHash 2.0, Verus has shown it doesn’t resist progress like so many other new algorithms try to do, it embraces change and adapts to it in the way that water becomes whatever vessel it inhabits. This new approach- an industry first- could very well become an industry standard and in doing so, would usher in a new age for proof of work based coins. VerusHash 2.0 has the potential to correct the single largest design flaw in the proof of work consensus mechanism- the ever expanding monetary and energy requirements that have plagued PoW based projects since the inception of the consensus mechanism. Verus also solves another major issue of coin and net hash centralization by enabling legitimate CPU mining, offering greater coin and hashrate distribution.
Digging a bit deeper it turns out the Verus development team are no rookies. The lead developer Michael F Toutonghi has spent decades in the field programming and is a former Vice President and Technical Fellow at Microsoft, recognized founder and architect of Microsoft's .Net platform, ex-Technical Fellow of Microsoft's advertising platform, ex-CTO, Parallels Corporation, and an experienced distributed computing and machine learning architect. The project he helped create employs and makes use of a diverse myriad of technologies and security features to form one of the most advanced and secure cryptocurrency to date. A brief description of what makes VerusCoin special quoted from a community member-
"Verus has a unique and new consensus algorithm called Proof of Power which is a 50% PoW/50% PoS algorithm that solves theoretical weaknesses in other PoS systems (Nothing at Stake problem for example) and is provably immune to 51% hash attacks. With this, Verus uses the new hash algorithm, VerusHash 2.0. VerusHash 2.0 is designed to better equalize mining across all hardware platforms, while favoring the latest CPUs over older types, which is also one defense against the centralizing potential of botnets. Unlike past efforts to equalize hardware hash-rates across different hardware types, VerusHash 2.0 explicitly enables CPUs to gain even more power relative to GPUs and FPGAs, enabling the most decentralizing hardware, CPUs (due to their virtually complete market penetration), to stay relevant as miners for the indefinite future. As for anonymity, Verus is not a "forced private", allowing for both transparent and shielded (private) transactions...and private messages as well"
If other projects can learn from this and adopt a similar approach or continue to innovate with new ideas, it could mean an end to all the doom and gloom predictions that CPU and GPU mining are dead, offering a much needed reprieve and an alternative to miners who have been faced with the difficult decision of either pulling the plug and shutting down shop or breaking down their rigs to sell off parts and buy new, more expensive hardware…and in so doing present an overall unprecedented level of decentralization not yet seen in cryptocurrency.
Technological advancements led us to the world of secure digital currencies and the progress being made with hardware efficiencies is indisputably beneficial to us all. ASICs and FPGAs aren’t inherently bad, and there are ways in which they could be made more affordable and available for mass distribution. More than anything, it is important that we work together as communities to find solutions that can benefit us all for the long term.
In an ever changing world where it may be easy to lose sight of the real accomplishments that brought us to this point one thing is certain, cryptocurrency is here to stay and the projects that are doing something to solve the current problems in the proof of work consensus mechanism will be the ones that lead us toward our collective vision of a better world- not just for the world of crypto but for each and every one of us.
submitted by Godballz to EtherMining [link] [comments]

Turn key Bitcoin mining solution Ebay auction - YouTube BITCOIN CRAZY BULLISH!!! TOP 2 NEW DEFI COINS: 100x ... Keyz Mining Solutions New Cloud Bitcoin Mining Site 2020// Daily Earn Free ... Altcoin Mining Solution - YouTube

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Turn key Bitcoin mining solution Ebay auction - YouTube

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