Blockbase Mining Cryptocurrency Mining Hardware & Services
Blockbase Mining Cryptocurrency Mining Hardware & Services
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Best Bitcoin WhatsApp Group Links USA 2020 - BTC WhatsApp
Largest Cloud Bitcoin Mining Company Genesis Mining
Ninja Group Buy - Cooperative Bitcoin Mining
We're a cooperative of Bitcoin miners, running a professional operation in a secure data center.
SubReddit about investing in lending/investing/mining platforms with great daily returns.
Invest invest Investing investing Lend Lend Lending Mine mine MiningPandex Investment Money Bitcoin Ethereum Litecoin Chain Group Bitconnect HYIP Hashflare Chain Group Chain.Group chain group pandex investment BTC bitcoin USI-Tech usi tech USI TECH usi-tech USI-TECH money crypto Crypto CryptoCurrencies l
Welcome to the world of Monero mining!
A subreddit for discussions about Monero (XMR) mining.
Goal: Financial Security; Option - Bitcoin Mining [Group Affiliation = Highest Earns]
Bitcoin Mining Group in Thunder Bay
A small group of friends recently got into mining & trading cryptocurrencies (primarily bitcoin, but we've also been looking at other coins) and we're looking to see if there is any interest locally outside of our small group for information, assistance or just general discussion.
We've got a facebook group page (
) where we are listing our various mining equipment, yields, experiences, cost expenditures using Thunder Bay Hydro, etc...
I'm already running a couple of ASICs and looking at some larger ones, and happy to share my experiences.
JustSomeGuyNamedGreg to ThunderBay [link]
[comments] I'd like to start a bitcoin mining group. What are the major obstacles I'll face?
I've found some useful guides about the technical side and am looking forward to further research. Ahead of this research, I'm really interested in lessons learned from anyone who has tried and failed (or been successful) at starting a bitcoin mining group. Just some key concepts to watch out for based on actual experience would help guide my R&D effort. submitted by
I have some basic fundamental questions: 1) can a bitcoin mining group charge a proft? 2) Does the mining group website need to be ultra-powerful or does the heavy lifting get done by the users? 3) Do I need to collect sensitive user information and process 1099s to the miners or does bitcoin inherently protect that information and distribute the wealth such that a mining group is a more simple "sign up" process with each individual obtaining the income directly? EDIT: I'm under the impression that a "pool" is a group of miners formed to increase their hash power. I'd like to create one, perhaps using p2pool, for bitcoin miners to join by permission. I'd be managing my miner's hardware and account set-ups, because they know even less about this stuff than I do. Specifically, I want to set up a rule that allows me to automatically transfer 20% of any bitcoin mined by the pool to my wallet and divide the remainder based on proportionately contributed hash power. I realize gaining users would be very hard to do, especially as this is a very high commission. But assuming I had the users, if each user has 14 Th/s power... how many users would I need in my pool to be competitive in the competition? communityDOTsolar to Bitcoin [link]
[comments] I'd like to start a bitcoin mining group. What are the major obstacles I'll face? /r/Bitcoin
Signup With KuCoin Exchange And Ditch Your Old Platform For Something That Offers Premium Features!
AdeptChampionship to crypto101 [link]
[comments] Digital Currency Group invests $100mln into Bitcoin mining capital and advisory firm
Digital Currency Group invests $100mln into Bitcoin mining capital and advisory firm
Digital Currency Group invests $100mln into Bitcoin mining capital and advisory firm
09-15 16:36 - 'Came here to say that $MARA (marathon patent group) will rocket. They are #1 biggest US crypto mining co. They are also a venture capital & private equity firm as subsidiaries. The QUANTITATIVE EASING will devalue the USD...' by /u/kpchicken2 removed from /r/Bitcoin within 0-10min
Came here to say that $MARA (marathon patent group) will rocket. They are #1 biggest US crypto mining co. They are also a venture capital & private equity firm as subsidiaries. The QUANTITATIVE EASING will devalue the USD$ and thus all these bankers are looking else where to part their money before devalue hits. BTC is the future.
Furthermore, Fed. Res. Is trying to make all USD digital so that they can better control your life. In August, they partnered up with MIT attempting to create digital currency infrastructure. BTC is the future.
Context Link Go1dfish undelete link unreddit undelete link
kpchicken2 removalbot to removalbot [link]
[comments] Digital Currency Group invests $100mln into Bitcoin mining capital and advisory firm
KayleighSosnowski to CoinBase [link] [comments] Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry
The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets miners. Bitcoin mining is becoming a massive industry and the competition continues to heat up across the world. News.Bitcoin.com has been recently reporting on how mining firms like Marathon Patent Group and Riot Blockchain have been spending millions of dollars on mining rigs manufactured by Microbt and Bitmain. ami_nil1987 to airdropfactory [link]
[comments] Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry
The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets miners. Bitcoin mining is becoming a massive industry and the competition continues to heat up across the world. News.Bitcoin.com has been recently reporting on how mining firms like Marathon Patent Group and Riot Blockchain have been spending millions of dollars on mining rigs manufactured by Microbt and Bitmain. ami_nil1987 to DigitalCryptoWorld [link]
[comments] Digital Currency Group sets up bitcoin mining subsidiary, commits $100M in funding through next year
Crypto venture capital firm Digital Currency Group (DCG) has entered into crypto mining space. submitted by
The group has formed a wholly-owned subsidiary called Foundry which provides mining and staking, equipment financing and procurement, and consulting and advisory services. DCG said it has committed to invest more than $100 million into Foundry through 2021. Foundry is based in Rochester, New York and supports mining operations in North America. “We are a business built by miners for miners, and we are partnering with entrepreneurs who share our mission of advancing the industry and creating a decentralized mining ecosystem,” said Mike Colyer, a former Core Scientific executive and now CEO of Foundry. Foundry was quietly formed in 2019 and is working with both Bitmain and MicroBT. “Through Foundry’s work and financial support of our end customers, we have been able to ship a significant number of machines into the US this year,” said Su Ke, global sales and marketing director of Antminer at Bitmain. With Foundry, DCG now operates four subsidiaries, including Grayscale Investments, Genesis and CoinDesk. bitdex to BitcoinMining [link]
[comments] Digital Currency Group invests $100mln into Bitcoin mining capital and advisory firm (x-post from /r/cryptocurrency)
Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry
Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry
Ranzware to BitNewsLive [link] [comments] Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry
raaner12 to Altcoinss [link] [comments] Digital Currency Group investeert $100 miljoen in Bitcoin mining bedrijf
moneyshouters to u/moneyshouters [link] [comments] Digital Currency Group invests $100mln into Bitcoin mining capital and advisory firm
Digital Currency Group invests $100mln into Bitcoin mining capital and advisory firm (x-post from /r/Bitcoin)
The Bitcoin Group #229 - Bitcoin Seized - $250M MicroStrategy - Asteroid Mining - Defi Degens - Dicas sobre Bitcoin - mais rápido dinheiro
infocryptocoins to CertificadoDigital [link] [comments] Long live decentralized bitcoin(!) A reading list
Newbs might not know this, but bitcoin recently came out of an intense internal drama. Between July 2015 and August 2017 bitcoin was attacked by external forces who were hoping to destroy the very properties that made bitcoin valuable in the first place. This culminated in the creation of segwit and the UASF (user activated soft fork) movement. The UASF was successful, segwit was added to bitcoin and with that the anti-decentralization side left bitcoin altogether and created their own altcoin called bcash. Bitcoin's price was $2500, soon after segwit was activated the price doubled to $5000 and continued rising until a top of $20000 before correcting to where we are today.
During this drama, I took time away from writing open source code to help educate and argue on reddit, twitter and other social media. I came up with a reading list for quickly copypasting things. It may be interesting today for newbs or anyone who wants a history lesson on what exactly happened during those two years when bitcoin's very existence as a decentralized low-trust currency was questioned. Now the fight has essentially been won, I try not to comment on reddit that much anymore. There's nothing left to do except wait for Lightning and similar tech to become mature (or better yet,
help code it and test it
In this thread you can learn about block sizes, latency, decentralization, segwit, ASICBOOST, lightning network and all the other issues that were debated endlessly for over two years. So when someone tries to get you to invest in bcash, remind them of the time they supported Bitcoin Unlimited.
For more threads like this see
UASF Summary / The fundamental tradeoff
A trip to the moon requires a rocket with multiple stages by gmaxwell (must read)
Bram Cohen, creator of bittorrent, argues against a hard fork to a larger block size
gmaxwell's summary of the debate
Core devs please explain your vision (see luke's post which also argues that blocks are already too big)
speaking against a hard fork
It's becoming clear to me that a lot of people don't understand how fragile bitcoin is
Blockchain space must be costly, it can never be free
Charlie Lee with a nice analogy about the fundamental tradeoff
gmaxwell on the tradeoffs
jratcliff on the layering
https://www.reddit.com/btc/comments/59upyh/segwit_the_poison_pill_for_bitcoin/d9bstuw/ Scaling on-chain will destroy bitcoin's decentralization
Peter Todd: How a floating blocksize limit inevitably leads towards centralization [Feb 2013]
with discussion on reddit in Aug 2015
Nick Szabo's blog post on what makes bitcoin so special
There is academic research showing that even small (2MB) increases to the blocksize results in drastic node dropoff counts due to the non-linear increase of RAM needed.
Reddit summary of above link. In this table, you can see it estimates a 40% drop immediately in node count with a 2MB upgrade and a 50% over 6 months. At 4mb, it becomes 75% immediately and 80% over 6 months. At 8, it becomes 90% and 95%.
Larger block sizes make centralization pressures worse (mathematical)
Talk at scalingbitcoin montreal, initial blockchain synchronization puts serious constraints on any increase in the block size
Bitcoin's P2P Network: The Soft Underbelly of Bitcoin
In adversarial environments blockchains dont scale
Why miners will not voluntarily individually produce smaller blocks
Hal Finney: bitcoin's blockchain can only be a settlement layer (mostly interesting because it's hal finney and its in 2010)
petertodd's 2013 video explaining this
Another jratcliff thread
https://www.reddit.com/Bitcoin/comments/6lmpll/explaining_why_big_blocks_are_bad/ Full blocks are not a disaster Blocks must be always full, there must always be a backlog https://medium.com/@bergealex4/bitcoin-is-unstable-without-the-block-size-size-limit-70db07070a54#.kh2vi86lr Same as above, the mining gap means there must always be a backlog talk: https://www.youtube.com/watch?time_continue=2453&v=iKDC2DpzNbw transcript: https://scalingbitcoin.org/transcript/montreal2015/security-of-diminishing-block-subsidy Backlogs arent that bad https://www.reddit.com/Bitcoin/comments/49p011/was_the_fee_event_really_so_bad_my_mind_is/ Examples where scarce block space causes people to use precious resources more efficiently https://www.reddit.com/Bitcoin/comments/4kxxvj/i_just_singlehandedly_increased_bitcoin_network/ https://www.reddit.com/Bitcoin/comments/47d4m2/why_does_coinbase_make_2_transactions_pe https://www.reddit.com/Bitcoin/comments/53wucs/why_arent_blocks_full_yet/d7x19iv Full blocks are fine https://www.reddit.com/Bitcoin/comments/5uld1a/misconception_full_blocks_mean_bitcoin_is_failing/ High miner fees imply a sustainable future for bitcoin https://www.reddit.com/BitcoinMarkets/comments/680tvf/fundamentals_friday_week_of_friday_april_28_2017/dgwmhl7/ gmaxwell on why full blocks are good https://www.reddit.com/Bitcoin/comments/6b57ca/full_blocks_good_or_bad/dhjxwbz/ The whole idea of the mempool being "filled" is wrong headed. The mempool doesn't "clog" or get stuck, or anything like that. https://www.reddit.com/Bitcoin/comments/7cusnx/to_the_people_still_doubting_that_this_congestion/dpssokf/ Segwit What is segwit luke-jr's longer summary https://www.reddit.com/Bitcoin/comments/6033h7/today_is_exactly_4_months_since_the_segwit_voting/df3tgwg/?context=1 Charlie Shrem's on upgrading to segwit https://twitter.com/CharlieShrem/status/842711238853513220 Original segwit talk at scalingbitcoin hong kong + transcript https://youtu.be/zchzn7aPQjI?t=110 https://scalingbitcoin.org/transcript/hongkong2015/segregated-witness-and-its-impact-on-scalability Segwit is not too complex https://www.reddit.com/btc/comments/57vjin/segwit_is_not_great/d8vos33/ Segwit does not make it possible for miners to steal coins, contrary to what some people say https://www.reddit.com/btc/comments/5e6bt0/concerns_with_segwit_and_anyone_can_spend/daa5jat/?context=1 https://keepingstock.net/segwit-eli5-misinformation-faq-19908ceacf23#.r8hlzaquz Segwit is required for a useful lightning network It's now known that without a malleability fix useful indefinite channels are not really possible. https://www.reddit.com/Bitcoin/comments/5tzqtc/gentle_reminder_the_ln_doesnt_require_segwit/ddqgda7/ https://www.reddit.com/Bitcoin/comments/5tzqtc/gentle_reminder_the_ln_doesnt_require_segwit/ddqbukj/ https://www.reddit.com/Bitcoin/comments/5x2oh0/olaoluwa_osuntokun_all_active_lightning_network/deeto14/?context=3 Clearing up SegWit Lies and Myths: https://achow101.com/2016/04/Segwit-FUD-Clearup Segwit is bigger blocks https://www.reddit.com/Bitcoin/comments/5pb8vs/misinformation_is_working_54_incorrectly_believe/dcpz3en/ Typical usage results in segwit allowing capacity equivalent to 2mb blocks https://www.reddit.com/Bitcoin/comments/69i2md/observe_for_yourself_segwit_allows_2_mb_blocks_in/ Why is segwit being blocked Jihan Wu (head of largest bitcoin mining group) is blocking segwit because of perceived loss of income https://www.reddit.com/Bitcoin/comments/60mb9e/complete_high_quality_translation_of_jihans/ Witness discount creates aligned incentives https://segwit.org/why-a-discount-factor-of-4-why-not-2-or-8-bbcebe91721e#.h36odthq0 https://medium.com/@SegWit.co/what-is-behind-the-segwit-discount-988f29dc1edf#.sr91dg406 or because he wants his mining enterprise to have control over bitcoin https://www.reddit.com/Bitcoin/comments/6jdyk8/direct_report_of_jihan_wus_real_reason_fo Segwit is being blocked because it breaks ASICBOOST, a patented optimization used by bitmain ASIC manufacturer Details and discovery by gmaxwell https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-April/013996.html Reddit thread with discussion https://www.reddit.com/Bitcoin/comments/63otrp/gregory_maxwell_major_asic_manufacturer_is/ Simplified explaination by jonny1000 https://www.reddit.com/Bitcoin/comments/64qq5g/attempted_explanation_of_the_alleged_asicboost/ http://www.mit.edu/~jlrubin/public/pdfs/Asicboost.pdf https://medium.com/@jimmysong/examining-bitmains-claims-about-asicboost-1d61118c678d Evidence https://www.reddit.com/Bitcoin/comments/63yo27/some_circumstantial_evidence_supporting_the_claim/ https://www.reddit.com/Bitcoin/comments/63vn5g/please_dont_stop_us_from_using_asicboost_which/dfxmm75/ https://www.reddit.com/Bitcoin/comments/63soe3/reverse_engineering_an_asic_is_a_significant_task/dfx9nc Bitmain admits their chips have asicboost but they say they never used it on the network (haha a likely story) https://blog.bitmain.com/en/regarding-recent-allegations-smear-campaigns/ Worth $100m per year to them (also in gmaxwell's original email) https://twitter.com/petertoddbtc/status/849798529929424898 Other calculations show less https://medium.com/@vcorem/the-real-savings-from-asicboost-to-bitmaintech-ff265c2d305b This also blocks all these other cool updates, not just segwit https://www.reddit.com/Bitcoin/comments/63otrp/gregory_maxwell_major_asic_manufacturer_is/dfw0ej3/ Summary of bad consequences of asicboost https://www.reddit.com/Bitcoin/comments/64qq5g/attempted_explanation_of_the_alleged_asicboost/dg4hyqk/?context=1 Luke's summary of the entire situation https://www.reddit.com/Bitcoin/comments/6ego3s/why_is_killing_asicboost_not_a_priority/diagkkb/?context=1 Prices goes up because now segwit looks more likely https://twitter.com/TuurDemeestestatus/849846845425799168 Asicboost discovery made the price rise https://twitter.com/TuurDemeestestatus/851520094677200901 A pool was caught red handed doing asicboost, by this time it seemed fairly certain that segwit would get activated so it didnt produce as much interest as earlier https://www.reddit.com/Bitcoin/comments/6p7lr5/1hash_pool_has_mined_2_invalid_blocks/ and https://www.reddit.com/Bitcoin/comments/6p95dl/interesting_1hash_pool_mined_some_invalid_blocks/ and https://twitter.com/petertoddbtc/status/889475196322811904 This btc user is outraged at the entire forum because they support Bitmain and ASICBOOST https://www.reddit.com/btc/comments/67t43y/dragons_den_planned_smear_campaign_of_bitmain/dgtg9l2/ Antbleed, turns out Bitmain can shut down all its ASICs by remote control: http://www.antbleed.com/ What if segwit never activates What if segwit never activates? https://www.reddit.com/Bitcoin/comments/6ab8js/transaction_fees_are_now_making_btc_like_the_banks/dhdq3id/ with https://www.reddit.com/Bitcoin/comments/5ksu3o/blinded_bearer_certificates/ and https://www.reddit.com/Bitcoin/comments/4xy0fm/scaling_quickly/ Lightning bitcoinmagazine's series on what lightning is and how it works https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-building-a-bidirectional-payment-channel-1464710791/ https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-creating-the-network-1465326903/ https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-completing-the-puzzle-and-closing-the-channel-1466178980/ The Lightning Network ELIDHDICACS (Explain Like I Don’t Have Degrees in Cryptography and Computer Science) https://letstalkbitcoin.com/blog/post/the-lightning-network-elidhdicacs Ligtning will increases fees for miners, not lower them https://medium.com/lightning-resources/the-lightning-paradox-f15ce0e8e374#.erfgunumh Cost-benefit analysis of lightning from the point of view of miners https://medium.com/@rusty_lightning/miners-and-bitcoin-lightning-a133cd550310#.x42rovlg8 Routing blog post by rusty https://medium.com/@rusty_lightning/routing-dijkstra-bellman-ford-and-bfg-7715840f004 and reddit comments https://www.reddit.com/Bitcoin/comments/4lzkz1/rusty_russell_on_lightning_routing_routing/ Lightning protocol rfc https://github.com/lightningnetwork/lightning-rfc Blog post with screenshots of ln being used on testnet https://medium.com/@btc_coach/lightning-network-in-action-b18a035c955d video https://www.youtube.com/watch?v=mxGiMu4V7ns Video of sending and receiving ln on testnet https://twitter.com/alexbosworth/status/844030573131706368 Lightning tradeoffs http://www.coindesk.com/lightning-technical-challenges-bitcoin-scalability/ Beer sold for testnet lightning https://www.reddit.com/Bitcoin/comments/62uw23/lightning_network_is_working_room77_is_accepting/ and https://twitter.com/MrHodl/status/848265171269283845 Lightning will result in far fewer coins being stored on third parties because it supports instant transactions https://medium.com/@thecryptoconomy/the-barely-discussed-incredible-benefit-of-the-lightning-network-4ce82c75eb58 jgarzik argues strongly against LN, he owns a coin tracking startup https://twitter.com/petertoddbtc/status/860826532650123264 https://twitter.com/Beautyon_/status/886128801926795264 luke's great debunking / answer of some misinformation questions https://www.reddit.com/Bitcoin/comments/6st4eq/questions_about_lightning_network/dlfap0u/ Lightning centralization doesnt happen https://www.reddit.com/Bitcoin/comments/6vzau5/reminder_bitcoins_key_strength_is_in_being/dm4ou3v/?context=1 roasbeef on hubs and charging fees https://twitter.com/roasbeef/status/930209165728825344 and https://twitter.com/roasbeef/status/930210145790976000 Immutability / Being a swiss bank in your pocket / Why doing a hard fork (especially without consensus) is damaging A downside of hard forks is damaging bitcoin's immutability https://www.reddit.com/Bitcoin/comments/5em6vu/what_happens_if_segwit_doesnt_activate/dae1r6c/?context=3 Interesting analysis of miners incentives and how failure is possible, don't trust the miners for long term https://www.reddit.com/Bitcoin/comments/5gtew4/why_an_increased_block_size_increases_the_cost_of/daybazj/?context=2 waxwing on the meaning of cash and settlement https://www.reddit.com/Bitcoin/comments/5ei7m3/unconfirmed_transactions_60k_total_fees_14btc/dad001v/ maaku on the cash question https://www.reddit.com/Bitcoin/comments/5i5iq5/we_are_spoiled/db5luiv/?context=1 Digital gold funamentalists gain nothing from supporting a hard fork to larger block sizes https://www.reddit.com/Bitcoin/comments/5xzunq/core_please_compromise_before_we_end_up_with_bu/dem73xg/?context=1 Those asking for a compromise don't understand the underlying political forces https://www.reddit.com/Bitcoin/comments/6ef7wb/some_comments_on_the_bip148_uasf_from_the/dia236b/?context=3 Nobody wants a contentious hard fork actually, anti-core people got emotionally manipulated https://www.reddit.com/Bitcoin/comments/5sq5ocontentious_forks_vs_incremental_progress/ddip57o/ The hard work of the core developers has kept bitcoin scalable https://www.reddit.com/Bitcoin/comments/3hfgpo/an_initiative_to_bring_advanced_privacy_features/cu7mhw8?context=9 Recent PRs to improve bitcoin scaleability ignored by the debate https://twitter.com/jfnewbery/status/883001356168167425 gmaxwell against hard forks since 2013 https://bitcointalk.org/index.php?topic=140233.20 maaku: hard forks are really bad https://www.reddit.com/Bitcoin/comments/5zxjza/adam_greg_core_devs_and_big_blockers_now_is_the/df275yk/?context=2 Some metrics on what the market thinks of decentralization and hostile hard forks The price history shows that the exchange rate drops every time a hard fork threatens: https://i.imgur.com/EVPYLR8.jpg and this example from 2017 https://twitter.com/WhalePanda/status/845562763820912642 http://imgur.com/a/DuHAn btc users lose money price supporting theymos' moderation https://i.imgur.com/0jZdF9h.png old version https://i.imgur.com/BFTxTJl.png older version https://pbs.twimg.com/media/CxqtUakUQAEmC0d.jpg about 50% of nodes updated to the soft fork node quite quickly https://imgur.com/O0xboVI Bitcoin Unlimited / Emergent Consensus is badly designed, changes the game theory of bitcoin Bitcoin Unlimited was a proposed hard fork client, it was made with the intention to stop segwit from activating A Future Led by Bitcoin Unlimited is a Centralized Future https://blog.sia.tech/a-future-led-by-bitcoin-unlimited-is-a-centralized-future-e48ab52c817a#.p1ly6hldk Flexible transactions are bugged https://www.reddit.com/Bitcoin/comments/57tf5g/bitcoindev_bluematt_on_flexible_transactions/ Bugged BU software mines an invalid block, wasting 13 bitcoins or $12k https://www.reddit.com/Bitcoin/comments/5qwtr2/bitcoincom_loses_132btc_trying_to_fork_the/ https://www.reddit.com/btc/comments/5qx18i/bitcoincom_loses_132btc_trying_to_fork_the/ bitcoin.com employees are moderators of btc https://medium.com/@WhalePanda/the-curious-relation-between-bitcoin-com-anti-segwit-propaganda-26c877249976#.vl02566k4 miners don't control stuff like the block size http://hackingdistributed.com/2016/01/03/time-for-bitcoin-user-voice/ even gavin agreed that economic majority controls things https://www.reddit.com/Bitcoin/comments/5ywoi9/in_2010_gavin_predicted_that_exchanges_ie_the/ fork clients are trying to steal bitcoin's brand and network effect, theyre no different from altcoins https://medium.com/@Coinosphere/why-bitcoin-unlimited-should-be-correctly-classified-as-an-attempted-robbery-of-bitcoin-not-a-9355d075763c#.qeaynlx5m BU being active makes it easier to reverse payments, increases wasted work making the network less secure and giving an advantage to bigger miners https://www.reddit.com/Bitcoin/comments/5g1x84/bitcoin_unlimited_bu_median_value_of_miner_eb/ bitcoin unlimited takes power away from users and gives it to miners https://medium.com/@alpalpalp/bitcoin-unlimiteds-placebo-controls-6320cbc137d4#.q0dv15gd5 bitcoin unlimited's accepted depth https://twitter.com/tdryja/status/804770009272696832 BU's lying propaganda poster https://imgur.com/osrViDE BU is bugged, poorly-reviewed and crashes bitcoin unlimited allegedly funded by kraken stolen coins https://www.reddit.com/btc/comments/55ajuh/taint_analysis_on_bitcoin_stolen_from_kraken_on/ https://www.reddit.com/btc/comments/559miz/taint_analysis_on_btc_allegedly_stolen_from_kraken/ Other funding stuff https://www.reddit.com/Bitcoin/comments/5zozmn/damning_evidence_on_how_bitcoin_unlimited_pays/ A serious bug in BU https://www.reddit.com/Bitcoin/comments/5h70s3/bitcoin_unlimited_bu_the_developers_have_realized/ A summary of what's wrong with BU: https://www.reddit.com/Bitcoin/comments/5z3wg2/jihanwu_we_will_switch_the_entire_pool_to/devak98/ Bitcoin Unlimited Remote Exploit Crash 14/3/2017 https://www.reddit.com/Bitcoin/comments/5zdkv3/bitcoin_unlimited_remote_exploit_crash/ https://www.reddit.com/Bitcoin/comments/5zeb76/timbe https://www.reddit.com/btc/comments/5zdrru/peter_todd_bu_remote_crash_dos_wtf_bug_assert0_in/ BU devs calling it as disaster https://twitter.com/SooMartindale/status/841758265188966401 also btc deleted a thread about the exploit https://i.imgur.com/lVvFRqN.png Summary of incident https://www.reddit.com/Bitcoin/comments/5zf97j/i_was_undecided_now_im_not/ More than 20 exchanges will list BTU as an altcoin https://www.reddit.com/Bitcoin/comments/5zyg6g/bitcoin_exchanges_unveil_emergency_hard_fork/ Again a few days later https://www.reddit.com/Bitcoin/comments/60qmkt/bu_is_taking_another_shit_timberrrrr User Activated Soft Fork (UASF) site for it, including list of businesses supporting it http://www.uasf.co/ luke's view https://www.reddit.com/Bitcoin/comments/5zsk45/i_am_shaolinfry_author_of_the_recent_usedf1dqen/?context=3 threat of UASF makes the miner fall into line in litecoin https://www.reddit.com/litecoin/comments/66omhlitecoin_global_roundtable_resolution/dgk2thk/?context=3 UASF delivers the goods for vertcoin https://www.reddit.com/Bitcoin/comments/692mi3/in_test_case_uasf_results_in_miner_consensus/dh3cm34/?context=1 UASF coin is more valuable https://www.reddit.com/Bitcoin/comments/6cgv44/a_uasf_chain_will_be_profoundly_more_valuable/ All the links together in one place https://www.reddit.com/Bitcoin/comments/6dzpew/hi_its_mkwia_again_maintainer_of_uasfbitcoin_on/ p2sh was a uasf https://github.com/bitcoin/bitcoin/blob/v0.6.0/src/main.cpp#L1281-L1283 jgarzik annoyed at the strict timeline that segwit2x has to follow because of bip148 https://twitter.com/jgarzik/status/886605836902162432 Committed intolerant minority https://www.reddit.com/Bitcoin/comments/6d7dyt/a_plea_for_rational_intolerance_extremism_and/ alp on the game theory of the intolerant minority https://medium.com/@alpalpalp/user-activated-soft-forks-and-the-intolerant-minority-a54e57869f57 The risk of UASF is less than the cost of doing nothing https://www.reddit.com/Bitcoin/comments/6bof7a/were_getting_to_the_point_where_a_the_cost_of_not/ uasf delivered the goods for bitcoin, it forced antpool and others to signal (May 2016) https://bitcoinmagazine.com/articles/antpool-will-not-run-segwit-without-block-size-increase-hard-fork-1464028753/ "When asked specifically whether Antpool would run SegWit code without a hard fork increase in the block size also included in a release of Bitcoin Core, Wu responded: “No. It is acceptable that the hard fork code is not activated, but it needs to be included in a ‘release’ of Bitcoin Core. I have made it clear about the definition of ‘release,’ which is not ‘public.’”" Screenshot of peter rizun capitulating https://twitter.com/chris_belcher_/status/905231603991007232 Fighting off 2x HF https://twitter.com/MrHodl/status/895089909723049984 https://www.reddit.com/Bitcoin/comments/6h612o/can_someone_explain_to_me_why_core_wont_endorse/?st=j6ic5n17&sh=cc37ee23 https://www.reddit.com/Bitcoin/comments/6smezz/segwit2x_hard_fork_is_completely_useless_its_a/?st=j6ic2aw3&sh=371418dd https://www.reddit.com/Bitcoin/comments/6sbspv/who_exactly_is_segwit2x_catering_for_now_segwit/?st=j6ic5nic&sh=1f86cadd https://medium.com/@elliotolds/lesser-known-reasons-to-keep-blocks-small-in-the-words-of-bitcoin-core-developers-44861968185e b2x is most of all about firing core https://twitter.com/WhalePanda/status/912664487135760384 https://medium.com/@StopAndDecrypt/thats-not-bitcoin-this-is-bitcoin-95f05a6fd6c2 Misinformation / sockpuppets https://www.reddit.com/Bitcoin/comments/6uqz6k/markets_update_bitcoin_cash_rallies_for_three/dlurbpx/ three year old account, only started posting today https://archive.is/3STjH Why we should not hard fork after the UASF worked: https://www.reddit.com/Bitcoin/comments/6sl1qf/heres_why_we_should_not_hard_fork_in_a_few_months/ History Good article that covers virtually all the important history https://bitcoinmagazine.com/articles/long-road-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality/ Interesting post with some history pre-2015 https://btcmanager.com/the-long-history-of-the-fight-over-scaling-bitcoin/ The core scalabality roadmap + my summary from 3/2017 https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-Decembe011865.html my summary https://www.reddit.com/Bitcoin/comments/5xa5fa/the_core_development_scalability_roadmap/ History from summer 2015 https://www.reddit.com/Bitcoin/comments/5xg7f8/the_origins_of_the_blocksize_debate/ Brief reminders of the ETC situation https://www.reddit.com/Bitcoin/comments/6nvlgo/simple_breakdown_of_bip91_its_simply_the_miners/dkcycrz/ Longer writeup of ethereum's TheDAO bailout fraud https://www.reddit.com/ethereumfraud/comments/6bgvqv/faq_what_exactly_is_the_fraud_in_ethereum/ Point that the bigblocker side is only blocking segwit as a hostage https://www.reddit.com/BitcoinMarkets/comments/5sqhcq/daily_discussion_wednesday_february_08_2017/ddi3ctv/?context=3 jonny1000's recall of the history of bitcoin https://www.reddit.com/Bitcoin/comments/6s34gg/rbtc_spreading_misinformation_in_rbitcoinmarkets/dl9wkfx/ Misc (mostly memes) libbitcoin's Understanding Bitcoin series (another must read, most of it) https://github.com/libbitcoin/libbitcoin/wiki/Understanding-Bitcoin github commit where satoshi added the block size limit https://www.reddit.com/Bitcoin/comments/63859l/github_commit_where_satoshi_added_the_block_size/ hard fork proposals from some core devs https://bitcoinhardforkresearch.github.io/ blockstream hasnt taken over the entire bitcoin core project https://www.reddit.com/Bitcoin/comments/622bjp/bitcoin_core_blockstream/ blockstream is one of the good guys https://www.reddit.com/Bitcoin/comments/6cttkh/its_happening_blockstream_opens_liquid_sidechain/dhxu4e Forkers, we're not raising a single byte! Song lyrics by belcher https://gist.github.com/chris-belche7264cd6750a86f8b4a9a Some stuff here along with that cool photoshopped poster https://medium.com/@jimmysong/bitcoin-realism-or-how-i-learned-to-stop-worrying-and-love-1mb-blocks-c191c35e74cb Nice graphic https://twitter.com/RNR_0/status/871070843698380800 gmaxwell saying how he is probably responsible for the most privacy tech in bitcoin, while mike hearn screwed up privacy https://www.reddit.com/btc/comments/6azyme/hey_bu_wheres_your_testnet/dhiq3xo/?context=6 Fairly cool propaganda poster https://twitter.com/urbanarson/status/880476631583924225 btc tankman https://i.redd.it/gxjqenzpr27z.png https://twitter.com/DanDarkPill/status/853653168151986177 asicboost discovery meme https://twitter.com/allenscottoshi/status/849888189124947971 https://twitter.com/urbanarson/status/882020516521013250 gavin wanted to kill the bitcoin chain https://twitter.com/allenscottoshi/status/849888189124947971 stuff that btc believes https://www.reddit.com/Bitcoin/comments/6ld4a5/serious_is_the_rbtc_and_the_bu_crowd_a_joke_how/djszsqu/ after segwit2x NYA got agreed all the fee pressure disappeared, laurenmt found they were artificial spam https://twitter.com/i/moments/885827802775396352 theymos saying why victory isnt inevitable https://www.reddit.com/Bitcoin/comments/6lmpll/explaining_why_big_blocks_are_bad/djvxv2o/ with ignorant enemies like these its no wonder we won https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-999 ""So, once segwit2x activates, from that moment on it will require a coordinated fork to avoid the up coming "baked in" HF. "" a positive effect of bcash, it made blockchain utxo spammers move away from bitcoin https://www.reddit.com/btc/comments/76lv0b/cryptograffitiinfo_now_accepts_bitcoin_cash/dof38gw/ summary of craig wright, jihan wu and roger ver's positions https://medium.com/@HjalmarPeters/the-big-blockers-bead6027deb2 Why is bitcoin so strong against attack?!?! (because we're motivated and awesome) https://www.reddit.com/btc/comments/64wo1h/bitcoin_unlimited_is_being_blocked_by_antivirus/dg5n00x/ what happened to #oldjeffgarzik https://www.reddit.com/Bitcoin/comments/6ufv5x/a_reminder_of_some_of_jeff_garziks_greatest/ big blockers fully deserve to lose every last bitcoin they ever had and more https://www.reddit.com/BitcoinMarkets/comments/756nxf/daily_discussion_monday_october_09_2017/do5ihqi/ gavinandresen brainstorming how to kill bitcoin with a 51% in a nasty way https://twitter.com/btcdrak/status/843914877542567937 Roger Ver as bitcoin Judas https://imgur.com/a/Rf1Pi A bunch of tweets and memes celebrating UASF https://twitter.com/shaolinfry/status/842457019286188032 | https://twitter.com/SatoshiLite/status/888335092560441345 | https://twitter.com/btcArtGallery/status/887485162925285377 | https://twitter.com/Beautyon_/status/888109901611802624 | https://twitter.com/Excellion/status/889211512966873088 | https://twitter.com/lopp/status/888200452197801984 | https://twitter.com/AlpacaSW/status/886988980524396544 | https://twitter.com/BashCo_/status/877253729531162624 | https://twitter.com/tdryja/status/865212300361379840 | https://twitter.com/Excellion/status/871179040157179904 | https://twitter.com/TraceMayestatus/849856343074902016 | https://twitter.com/TraceMayestatus/841855022640033792 | https://fs.bitcoinmagazine.com/img/images/Screen_Shot_2017-08-18_at_01.36.47.original.png belcher_ to Bitcoin [link]
Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. There are lots of pools for mining Bitcoin. Pool is a group of miners which are join in order to get more profit. The sense of cooperative work lays in the fact that this mining type brings more bitcoins. Everyone makes a few numbers of algorithms and at the end, the group of miners shares block rewards in proportion to their mining hash power. Bitcoin is the currency of the future & Genesis Mining is the largest cloud mining company on the market. Mine bitcoin through the cloud, get started today! The hash rate distribution is best when split among more Bitcoin mining pools. Bitcoin Mining Pool Hash Rate Distribution. Bitcoin Mining Pool Options. For a fully decentralized pool, we highly recommend p2pool and Multipool.us. The following pools are believed to be currently fully validating blocks with Bitcoin Core 0.11 or later: Bitcoin mining tends to gravitate towards countries with cheap electricity. As Bitcoin mining is somewhat centralized, 10-15 mining companies have claimed the vast majority of network hash power. With many of these companies in the same country, only a number of countries mine and export a significant amount of bitcoins. China
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