sha 3 - Padding in Keccak SHA3 hashing algorithm ...
Maxcoin (MAX) price, marketcap, chart, and info CoinGecko
Why #Fortune1Coin is a coin to the masses
Ladies and gentlemen, with this post we open a series of posts about our favorite coin - Fortune1Coin. From the technical point of view, it is enough to say that our coin is a fork of Bytecoin, well known and proven for years, which is the ancestor of almost all known cryptology with the function of anonymous payments. CryptoNight protocol, Keccak encryption, ring signatures etc... All this is present in our coin, just as it is present in the original Bytecoin and works as well as in it. With this series of posts, we want to talk about another thing. About what's so special in our coin? Why does it need to be mined and why do people have to invest in it? What is its novelty? What's it got that's not in other coins? Today the first post is dedicated to the first unique property of the coin. So... The first thing I want to say is that from the very beginning we create a product for the masses. This was originally the central idea of our project. Although almost all coins would like to be "coins for the masses", in fact, almost all of them are created by people from the crypto industry and for people like them from the crypto industry. If you don't agree with this, then think about why no coin is a means of capital accumulation in our time? As an investment instrument, yes. But you have to agree that there is hardly a single person in the world who is saving for his old age at Bitcoins. Yes, of course, there are large investors with very long positions - this is a fact, everyone agrees with that. But they are just investors, to be more precise, 90% are stock speculators. But it does not matter. What is important is that I have not yet seen a single pension crypto-currency fund! Or a person who wants to get paid in Bitcoins for life! The thing is, cryptocurrencies is too volatile and not predictable at all. Volatility is a friend of speculators, but the enemy of money itself. Look at the USD or the EUR - they are always almost stable against each other. Yes, there are nuances, of course. But we don't need to dig so deep now, because this is not about the dollar and the euro. Cryptocurrency projects in the absolute majority of cases cannot stabilize the exchange rate of their coins (stable coins do not count, it is a separate category of crypto-assets). Why not? The reason is simple - none of the developers of these projects have ever even thought about it. Most cryptos are forks of well-known and containing conceptual flaws of Bitcoin and Bytecoin. And even Ethereum, absorbed some fundamental things that seemed right at the beginning of the crypto industry. Therefore, ETH course is as volatile as any other coin. Even less credible in the world, are various tokens, because in 99% of cases, they do not contain any real long-term economic model or unique value. As a rule, it is simply "discount coupons" + "premium access" to any goods and services that can be purchased without any tokens and the fuss associated with their purchase. Therefore, almost all tokens die, and most of them, quite quickly. So, our coin has an effective tool to combat the volatility of its rate. When the time comes (when circumstances require it), we will be ready to ensure a stable rate of our coin. How? This is facilitated by the second thing I would like to tell you about our coin. Follow our posts...
What benefits does Nexus bring to the blockchain space?
How does Nexus secure the network and reach consensus?
What is quantum resistance and how does Nexus implement this?
What is Nexus’ Unified Time protocol?
Why does Nexus need its own satellite network?
The Nexus Currency:
How can I get Nexus?
How much does a transaction cost?
How fast does Nexus transfer?
Did Nexus hold an ICO? How is Nexus funded?
Is there a cap on the number of Nexus in existence?
What is the difference between the Oracle wallet and the LLD wallet?
How do I change from Oracle to the LLD wallet?
How do I install the Nexus Wallet?
Types of Mining or Minting:
Can I mine Nexus?
How do I mine Nexus?
How do I stake Nexus?
I am staking with my Nexus balance. What are trust weight, block weight and stake weight?
1. What is Nexus (NXS)? Nexus is a digital currency, distributed framework, and peer-to-peer network. Nexus further improves upon the blockchain protocol by focusing on the following core technological principles:
Nexus will combine our in-development quantum-resistant 3D blockchain software with cutting edge communication satellites to deliver a free, distributed, financial and data solution. Through our planned satellite and ground-based mesh networks, Nexus will provide uncensored internet access whilst bringing the benefits of distributed database systems to the world. For a short video introduction to Nexus Earth, please visit this link
2. What benefits does Nexus bring to the blockchain space? As Nexus has been developed, an incredible amount of time has been put into identifying and solving several key limitations:
Quantum computing vulnerability
Centralized network access
Slow difficulty adjustment
Slow block times
Block reward halving
Nexus is also developing a framework called the Lower Level Library. This LLL will incorporate the following improvements:
LLC (Lower Level Cryptography): This is a suite of cutting edge cryptographic methods including hashing, asymmetric encryption, digital signatures, and symmetric encryption algorithms
LLP (Lower Level Protocol): This is a template protocol to allow any protocol to be created with ease without the need for repeated network programming.
LLD (Lower Level Database): This is a set of templates for creating high efficiency database systems. This high efficiency can be used to power large websites, which are currently built with database software that is not designed to scale.
For information about more additions to the Lower Level Library, please visit here
3. How does Nexus secure the network and reach consensus? Nexus is unique amongst blockchain technology in that Nexus uses 3 channels to secure the network against attack. Whereas Bitcoin uses only Proof-of-Work to secure the network, Nexus combines a prime number channel, a hashing channel and a Proof-of-Stake channel. Where Bitcoin has a difficulty adjustment interval measured in weeks, Nexus can respond to increased hashrate in the space of 1 block and each channel scales independently of the other two channels. This stabilizes the block times at ~50 seconds and ensures no single channel can monopolize block production. This means that a 51% attack is much more difficult to launch because an attacker would need to control all 3 channels. Every 60 minutes, the Nexus protocol automatically creates a checkpoint. This prevents blocks from being created or modified dated prior to this checkpoint, thus protecting the chain from malicious attempts to introduce an alternate blockchain.
4. What is quantum resistance and how does Nexus implement it? To understand what quantum resistance is and why it is important, you need to understand how quantum computing works and why it’s a threat to blockchain technology. Classical computing uses an array of transistors. These transistors form the heart of your computer (the CPU). Each transistor is capable of being either on or off, and these states are used to represent the numerical values 1 and 0. Binary digits’ (bits) number of states depends on the number of transistors available, according to the formula 2n, where n is the number of transistors. Classical computers can only be in one of these states at any one time, so the speed of your computer is limited to how fast it can change states. Quantum computers utilize quantum bits, “qubits,” which are represented by the quantum state of electrons or photons. These particles are placed into a state called superposition, which allows the qubit to assume a value of 1 or 0 simultaneously. Superposition permits a quantum computer to process a higher number of data possibilities than a classical computer. Qubits can also become entangled. Entanglement makes a qubit dependant on the state of another, enabling quantum computing to calculate complex problems, extremely quickly. One such problem is the Discrete Logarithm Problem which elliptic curve cryptography relies on for security. Quantum computers can use Shor’s algorithm to reverse a key in polynomial time (which is really really really fast). This means that public keys become vulnerable to quantum attack, since quantum computers are capable of being billions of times faster at certain calculations. One way to increase quantum resistance is to require more qubits (and more time) by using larger private keys: Bitcoin Private Key (256 bit) 5Kb8kLf9zgWQnogidDA76MzPL6TsZZY36hWXMssSzNydYXYB9KF Nexus Private Key (571 bit) 6Wuiv513R18o5cRpwNSCfT7xs9tniHHN5Lb3AMs58vkVxsQdL4atHTF Vt5TNT9himnCMmnbjbCPxgxhSTDE5iAzCZ3LhJFm7L9rCFroYoqz Bitcoin addresses are created by hashing the public key, so it is not possible to decrypt the public key from the address; however, once you send funds from that address, the public key is published on the blockchain rendering that address vulnerable to attack. This means that your money has higher chances of being stolen. Nexus eliminates these vulnerabilities through an innovation called signature chains. Signature chains will enable access to an account using a username, password and PIN. When you create a transaction on the network, you claim ownership of your signature chain by revealing the public key of the NextHash (the hash of your public key) and producing a signature from the one time use private key. Your wallet then creates a new private/public keypair, generates a new NextHash, including the corresponding contract. This contract can be a receive address, a debit, a vote, or any other type of rule that is written in the contract code. This keeps the public key obscured until the next transaction, and by divorcing the address from the public key, it is unnecessary to change addresses in order to change public keys. Changing your password or PIN code becomes a case of proving ownership of your signature chain and broadcasting a new transaction with a new NextHash for your new password and/or PIN. This provides the ability to login to your account via the signature chain, which becomes your personal chain within the 3D chain, enabling the network to prove and disprove trust, and improving ease of use without sacrificing security. The next challenge with quantum computers is that Grover’s algorithm reduces the security of one-way hash function by a factor of two. Because of this, Nexus incorporates two new hash functions, Skein and Keccak, which were designed in 2008 as part of a contest to create a new SHA3 standard. Keccak narrowly defeated Skein to win the contest, so to maximize their potential Nexus combines these algorithms. Skein and Keccak utilize permutation to rotate and mix the information in the hash. To maintain a respective 256/512 bit quantum resistance, Nexus uses up to 1024 bits in its proof-of-work, and 512 bits for transactions.
5. What is the Unified Time protocol? All blockchains use time-stamping mechanisms, so it is important that all nodes operate using the same clock. Bitcoin allows for up to 2 hours’ discrepancy between nodes, which provides a window of opportunity for the blockchain to be manipulated by time-related attack vectors. Nexus eliminates this vulnerability by implementing a time synchronization protocol termed Unified Time. Unified Time also enhances transaction processing and will form an integral part of the 3D chain scaling solution. The Unified Time protocol facilitates a peer-to-peer timing system that keeps all clocks on the network synchronized to within a second. This is seeded by selected nodes with timestamps derived from the UNIX standard; that is, the number of seconds since January 1st, 1970 00:00 UTC. Every minute, the seed nodes report their current time, and a moving average is used to calculate the base time. Any node which sends back a timestamp outside a given tolerance is rejected. It is important to note that the Nexus network is fully synchronized even if an individual wallet displays something different from the local time.
6. Why does Nexus need its own satellite network? One of the key limitations of a purely electronic monetary system is that it requires a connection to the rest of the network to verify transactions. Existing network infrastructure only services a fraction of the world’s population. Nexus, in conjunction with Vector Space Systems, is designing communication satellites, or cubesats, to be launched into Low Earth Orbit in 2019. Primarily, the cubesat mesh network will exist to give Nexus worldwide coverage, but Nexus will also utilize its orbital and ground mesh networks to provide free and uncensored internet access to the world.
The Nexus Currency (NXS):
1. How can I get Nexus? There are two ways you can obtain Nexus. You can either buy Nexus from an exchange, or you can run a miner and be rewarded for finding a block. If you wish to mine Nexus, please follow our guide found below. Currently, Nexus is available on the following exchanges:
Bittrex (99% of trade volume)
Upbit (South Korea)
Nexus is actively reaching out to other exchanges to continue to be listed on cutting edge new financial technologies..
2. How much does a transaction cost? Under Nexus, the fee structure for making a transaction depends on the size of your transaction. A default fee of 0.01 NXS will cover most transactions, and users have the option to pay higher fees to ensure their transactions are processed quickly. When the 3D chain is complete and the initial 10-year distribution period finishes, Nexus will absorb these fees through inflation, enabling free transactions.
3. How fast does Nexus transfer? Nexus reaches consensus approximately every ~ 50 seconds. This is an average time, and will in some circumstances be faster or slower. NXS currency which you receive is available for use after just 6 confirmations. A confirmation is proof from a node that the transaction has been included in a block. The number of confirmations in this transaction is the number that states how many blocks it has been since the transaction is included. The more confirmations a transaction has, the more secure its placement in the blockchain is.
4. Did Nexus hold an ICO? How is Nexus funded? The Nexus Embassy, a 501(C)(3) not-for-profit corporation, develops and maintains the Nexus blockchain software. When Nexus began under the name Coinshield, the early blocks were mined using the Developer and Exchange (Ambassador) addresses, which provides funding for the Nexus Embassy. The Developer Fund fuels ongoing development and is sourced by a 1.5% commission per block mined, which will slowly increase to 2.5% after 10 years. This brings all the benefits of development funding without the associated risks. The Ambassador (renamed from Exchange) keys are funded by a 20% commission per block reward. These keys are mainly used to pay for marketing, and producing and launching the Nexus satellites. When Nexus introduces developer and ambassador contracts, they will be approved, denied, or removed by six voting groups namely: currency, developer, ambassador, prime, hash, and trust. Please Note: The Nexus Embassy reserves the sole right to trade, sell and or use these funds as required; however, Nexus will endeavor to minimize the impact that the use of these funds has upon the NXS market value.
5. Is there a cap on the number of NXS in existence? After an initial 10-year distribution period ending on September 23rd, 2024, there will be a total of 78 million NXS. Over this period, the reward gradient for mining Nexus follows a decaying logarithmic curve instead of the reward halving inherent in Bitcoin. This avoids creating a situation where older mining equipment is suddenly unprofitable, encouraging miners to continue upgrading their equipment over time and at the same time reducing major market shocks on block halving events. When the distribution period ends, the currency supply will inflate annually by a maximum of 3% via staking and by 1% via the prime and hashing channels. This inflation is completely unlike traditional inflation, which degrades the value of existing coins. Instead, the cost of providing security to the blockchain is paid by inflation, eliminating transaction fees. Colin Cantrell - Nexus Inflation Explained
6. What is the difference between the LLD wallet and the Oracle wallet? Due to the scales of efficiency needed by blockchain, Nexus has developed a custom-built database called the Lower Level Database. Since the development of the LLD wallet 0.2.3.1, which is a precursor to the Tritium updates, you should begin using the LLD wallet to take advantage of the faster load times and improved efficiency. The Oracle wallet is a legacy wallet which is no longer maintained or updated. It utilized the Berkeley DB, which is not designed to meet the needs of a blockchain. Eventually, users will need to migrate to the LLD wallet. Fortunately, the wallet.dat is interchangeable between wallets, so there is no risk of losing access to your NXS.
7. How do I change from Oracle to the LLD wallet? Step 1 - Backup your wallet.dat file. You can do this from within the Oracle wallet Menu, Backup Wallet. Step 2 - Uninstall the Oracle wallet. Close the wallet and navigate to the wallet data directory. On Windows, this is the Nexus folder located at %APPDATA%\Nexus. On macOS, this is the Nexus folder located at ~/Library/Application Support/Nexus. Move all of the contents to a temporary folder as a backup. Step 3 - Copy your backup of wallet.dat into the Nexus folder located as per Step 2. Step 4 - Install the Nexus LLD wallet. Please follow the steps as outlined in the next section. Once your wallet is fully synced, your new wallet will have access to all your addresses.
8. How do I install the Nexus Wallet? You can install your Nexus wallet by following these steps: Step 1 - Download your wallet from www.nexusearth.com. Click the Downloads menu at the top and select the appropriate wallet for your operating system. Step 2 - Unzip the wallet program to a folder. Before running the wallet program, please consider space limitations and load times. On the Windows OS, the wallet saves all data to the %APPDATA%\Nexus folder, including the blockchain, which is currently ~3GB. On macOS, data is saved to the ~/Library/Application Support/Nexus folder. You can create a symbolic link, which will allow you to install this information in another location. Using Windows, follow these steps:
Step 3 (optional) - Before running the wallet, we recommend downloading the blockchain database manually. Nexus Earth maintains a copy of the blockchain data which can save hours from the wallet synchronization process. Please go to www.nexusearth.com and click the Downloads menu. Step 4 (optional) - Extract the database file. This is commonly found in the .zip or .rar format, so you may need a program like 7zip to extract the contents. Please extract it to the relevant directory, as outlined in step 2. Step 5 - You can now start your wallet. After it loads, it should be able to complete synchronization in a short time. This may still take a couple of hours. Once it has completed synchronizing, a green check mark icon will appear in the lower right corner of the wallet. Step 6 - Encrypt your wallet. This can be done within the wallet, under the Settings menu. Encrypting your wallet will lock it, requiring a password in order to send transactions. Step 7 - Backup your wallet.dat file. This can be done from the File menu inside the wallet. This file contains the keys to the addresses in your wallet. You may wish to keep a secure copy of your password somewhere, too, in case you forget it or someone else (your spouse, for example) ever needs it. You should back up your wallet.dat file again any time you create – or a Genesis transaction creates (see “staking” below) – a new address.
Types of Mining or Minting:
1.Can I mine Nexus? Yes, there are 2 channels that you can use to mine Nexus, and 1 channel of minting: Prime Mining Channel This mining channel looks for a special prime cluster of a set length. This type of calculation is resistant to ASIC mining, allowing for greater decentralization. This is most often performed using the CPU. Hashing Channel This channel utilizes the more traditional method of hashing. This process adds a random nonce, hashes the data, and compares the resultant hash against a predetermined format set by the difficulty. This is most often performed using a GPU. Proof of Stake (nPoS) Staking is a form of mining NXS. With this process, you can receive NXS rewards from the network for continuously operating your node (wallet). It is recommended that you only stake with a minimum balance of 1000 NXS. It’s not impossible to stake with less, but it becomes harder to maintain trust. Losing trust resets the interest rate back to 0.5% per annum.
2. How do I mine Nexus? As outlined above, there are two types of mining and 1 proof of stake. Each type of mining uses a different component of your computer to find blocks, the CPU or the GPU. Nexus supports CPU and GPU mining on Windows only. There are also third-party macOS builds available. Please follow the instructions below for the relevant type of miner.
Prime Mining: Almost every CPU is capable of mining blocks on this channel. The most effective method of mining is to join a mining pool and receive a share of the rewards based on the contribution you make. To create your own mining facility, you need the CPU mining software, and a NXS address. This address cannot be on an exchange. You create an address when you install your Nexus wallet. You can find the related steps under How Do I Install the Nexus Wallet? Please download the relevant miner from http://nexusearth.com/mining.html. Please note that there are two different miner builds available: the prime solo miner and the prime pool miner. This guide will walk you through installing the pool miner only. Step 1 - Extract the archive file to a folder. Step 2 - Open the miner.conf file. You can use the default host and port, but these may be changed to a pool of your choice. You will need to change the value of nxs_address to the address found in your wallet. Sieve_threads is the number of CPU threads you want to use to find primes. Ptest_threads is the number of CPU threads you want to test the primes found by the sieve. As a general rule, the number of threads used for the sieve should be 75% of the threads used for testing. It is also recommended to add the following line to the options found in the .conf file: "experimental" : "true" This option enables the miner to use an improved sieve algorithm which will enable your miner to find primes at a faster rate. Step 3 - Run the nexus_cpuminer.exe file. For a description of the information shown in this application, please read this guide.
Hashing: The GPU is a dedicated processing unit housed on-board your graphics card. The GPU is able to perform certain tasks extremely well, unlike your CPU, which is designed for parallel processing. Nexus supports both AMD and Nvidia GPU mining, and works best on the newer models. Officially, Nexus does not support GPU pool mining, but there are 3rd party miners with this capability. The latest software for the Nvidia miner can be found here. The latest software for the AMD miner can be found here. The AMD miner is a third party miner. Information and advice about using the AMD miner can be found on our Slack channel. This guide will walk you through the Nvidia miner. Step 1 - Close your wallet. Navigate to %appdata%\Nexus (~/Library/Application Support/Nexus on macOS) and open the nexus.conf file. Depending on your wallet, you may or may not have this file. If not, please create a new txt file and save it as nexus.conf You will need to add the following lines before restarting your wallet:
Step 2 - Extract the files into a new folder. Step 3 - Run the nexus.bat file. This will run the miner and deposit any rewards for mining a block into the account on your wallet. For more information on either Prime Mining or Hashing, please join our Slack and visit the #mining channel. Additional information can be found here.
3. How do I stake Nexus? Once you have your wallet installed, fully synchronized and encrypted, you can begin staking by:
Choosing Unlock Wallet from the Settings menu
Check the box that says "Unlock for Mint Only", then enter your password.
When the question mark at the lower right of the wallet window changes to a clock icon, you are now staking.
After you begin staking, you will receive a Genesis transaction as your first staking reward. This establishes a Trust key in your wallet and stakes your wallet balance on that key. From that point, you will periodically receive additional Trust transactions as further staking rewards for as long as your Trust key remains active. IMPORTANT - After you receive a Genesis transaction, backup your wallet.dat file immediately. You can select the Backup Wallet option from the File menu, or manually copy the file directly. If you do not do this, then your Nexus balance will be staked on the Trust key that you do not have backed up, and you risk loss if you were to suffer a hard drive failure or other similar problem. In the future, signature chains will make this precaution unnecessary.
4. I am staking with my Nexus balance. What are interest rate, trust weight, block weight, and stake weight? These items affect the size and frequency of staking rewards after you receive your initial Genesis transaction. When staking is active, the wallet displays a clock icon in the bottom right corner. If you hover your mouse pointer over the icon, a tooltip-style display will open up, showing their current values. Please remember to backup your wallet.dat file (see question 3 above) after you receive a Genesis transaction. Interest Rate - The minting rate at which you will receive staking rewards, displayed as an annual percentage of your NXS balance. It starts at 0.5%, increasing to 3% after 12 months. The rate increase is not linear but slows over time. It takes several weeks to reach 1% and around 3 months to reach 2%. With this rate, you can calculate the average amount of NXS you can expect to receive each day for staking. Trust Weight - An indication of how much the network trusts your node. It starts at 5% and increases much more quickly than the minting (interest) rate, reaching 100% after one month. Your level of trust increases your stake weight (below), thus increasing your chances of receiving staking transactions. It becomes easier to maintain trust as this value increases. Block Weight - Upon receipt of a Genesis transaction, this value will begin increasing slowly, reaching 100% after 24 hours. Every time you receive a staking transaction, the block weight resets. If your block weight reaches 100%, then your Trust key expires and everything resets (0.5% interest rate, 5% trust weight, waiting for a new Genesis transaction). This 24-hour requirement will be replaced by a gradual decay in the Tritium release. As long as you receive a transaction before it decays completely, you will hold onto your key. This change addresses the potential of losing your trust key after months of staking simply because of one unlucky day receiving trust transactions. Stake Weight - The higher your stake weight, the greater your chance of receiving a transaction. The exact value is a derived by a formula using your trust weight and block weight, which roughly equals the average of the two. Thus, each time you receive a transaction, your stake weight will reset to approximately half of your current level of trust.
SmartCash Reddit Mods Deleted this post. Why invest in SmartCash?
Why invest in SmartCash? To start, I found about SmartCash when I was mining at Zpool. Awesome miner keeps on mining a Keccak coin and that I will be earning 10x of what I’m supposed to have. For starters, it could be a glitch, so I switched to Nicehash, still the same. So instead of mining through these auto-exchange pools, why not mine the coin directly? Zpool stated that the coin for Keccak is Maxcoin same as what Nicehash has listed. Checked Maxcoin in CoinMarketCap, saw the price doesn’t make sense. I setup my rig, pointed to a working Maxcoin pool, and it’s not the same. So tried searching further, found a list of coins with Keccak used as an algorithm.. then found SmartCash. I went to the SmartCash website and saw that they have a lot of “community” projects being done. Youtube videos also explained how good the “community” is. The website also offered what’s called SmartRewards, you save a minimum of 1000 Smarts before the 25th of the month, leave it there until the 25th of the next month then get paid with the current percentage of what is showing in the SmartRewards calculator. Pretty enticing, because it is one way to “stabilize” the price. In order to get a headstart, I pointed my rigs to their “Official SmartCash Pools”, then hashed away. After a few days, I was able to amass around 300 Smarts. So, I planned to mine a bit more looking forward to getting the SmartRewards. As per “mining” goes on, a lot of things happened. The zcoin exploit, exchanges being disabled, difficulty rising exponentially and worst is, the exchange rate rose up to $3.20/Smart to a low $0.81 in a span of two days. Two (2) days, of disabled exchanges due to the zerocoin exploit. The Zerocoin exploit allowed 23.4 M SmartCash ($ 6.5 Million with current exchange rate at that time) was sent to a specific wallet. What makes the matters worse, they did ask the exchanges to “DISABLE” the SmartCash wallets. This is to prevent deposits and withdrawals, smart? Nope. It didn’t stop there. The Zerocoin exploit occurred Jan 8th-9th. The exchanges were disabled around that time. But if you look on the dates Jan 8th to 19th, stocks.exchange had their DEPOSIT option enabled. And then from there, you could see a literal price increase to a dump. Price went up to $3.45/SmartCash on Jan 13th and decreased drastically from there. Stocks.exchange showed a very huge sell order starting from Jan 18th. Eventually, the “supposedly stolen” SmartCash was sold for Bitcoin. Thinking that Exchanges we’re disabled at that time. A lot of us miners, didn’t find out about it and was wondering why “DEPOSIT” is enabled, while withdrawal isn’t. Simple, if you’re a coin developer or part of the project. You have the authority to tell the exchanges to enable deposits and/or withdrawal or both. Smart right? Well, it doesn’t end there. The so-called SmartCash whales did a tipping spree on Discord. People got SmartCash for free. A lot were able to setup their own SmartNodes and move on. The news spread across reddit, twitter and even steemit. People started joining the SmartCash discord, and then it went on from there. People are begging for Smartcash, people are asking for tips for some unknown or weird reason, some are even there who are just in for the free money. Sad to say, the SmartCash team found out about the tipping spree and changed the tipbot rules. Fact of the matter is this: 1. SmartCash has 70/30 Block Reward Split; 70% goes to SmartHive Community, 30% goes to SmartNode owners, SmartRewards and the Miners. 2. SmartCash team has more than coins locked on their repository, and yet the price is too low for the volume. 3. SmartNodes are around 6-7k count or more. Price is still low 4. Mining pools are having constant problems With all these four (4) reasons taken in account, why invest in SmartCash? There are a lot of coins out there where you could earn more decently and honestly. Denarius is one. Why keep on pushing on to invest in SmartCash? Is it because of the SmartRewards? It still didn’t help. Is it because they have 6-7k SmartNodes with 10000 Smarts locked? Nope, not either. Do the math, if you’re reading this, you should be good at it. Imagine locking 10000 Smarts on 7000 SmartNodes = 70000000 SmartCash (LOCKED). Yet, still the price is not on what you should expect. If you read clearly, exchanges were disabled when the exploit happened, but still a huge dump occurred even before they announced that withdrawal/deposit are working. Oh, and yeah.. they “asked” cryptopia to delist them. Or should I say, Cryptopia delisted them. Think twice before you invest in SmartCash. Be Smart. Smartkonnnneeeeeeeeeeeekkkkkkkkkkkk!
Bitcoin uses double iterated SHA-256, or SHA-256(SHA-256()), also known as sha256d in most algorithm listings. Most often, it is simply known as sha256d mining as it’s based off generic Hashcash-style work. Ethereum uses Keccak-256 in a consensus ... Copperlark (CL or CLR) is an alternative crypto currency that is a fork of Bitcoin. CL is based on one of the most advanced hash function standards called SHA-3 (Keccak). If compared to BTC, some significant changes have been done to basic system parameters when designing the Copperlark. Transaction speed has increased by reducing the block generation rate down to 4 minutes. The cryptocurrency ... Maxcoin/Bitcoin Ratio: 1 BTC = ? MAX Popular coins right now on CoinGecko. eToro Sponsored. Ampleforth 0.9%. Monero 3.0%. ShareToken -5.5%. Electroneum -0.2%. TRON 1.0%. Litecoin 1.4%. Stellar -0.6%. Spot. Perpetuals. Futures . Affiliate disclosures Support CoinGecko. Links on this page may contain affiliate links. CoinGecko may be compensated when you sign up and trade on these affiliate ... Bitcoin (BTC): The most conservative approach to scalability. Bitcoin (BTC) scalability issues - mainly, the limited number of transactions that can be included in one block - were described by cryptography experts for the first time in 2015. Two ways to scale the Bitcoin (BTC) network were introduced. We’re not mining Bitcoin itself but we mine its forks which are crypto-currencies that make maximum yields on one hardware unit at this time and which can’t be mined with help of specialized ASIC-devices. Our hardware supports wide range of crypto algorithms: Scrypt, Scrypt-N, X11, X13, Keccak and others.
How to start mining Bitcoin Gold (BTG) on pool with NVIDIA GPU's. Explained in details how to mine Bitcoin Gold (BTG) on any pool with NVIDIA GPU's. More innformation about Bitcoin Gold (BTG) you ... MaxCoin Crypto Currency Algorithm: Keccak (SHA-3) Total coins: 100,000,000 Block time: 30 seconds Block reward: 48 MaxCoin per block, halving every ~12 months Difficulty: Retargeting temporally ... SmartCash is a project born out of the desire to create a viable, fungible, fast, merchant oriented, user friendly and community driven cryptocurrency with a decentralized governance system. We ... miner password:fusion Power consumption: 900 Watt Hashing algorithm: Mygroest, Keccak, Blake2s. Hash rate: 300 Gh/s Mygroest Hash rate: 67 Gh/s Keccak Hash rate: 1,1 Th/s Baikal2s it could ... Hobby Ethereum and Bitcoin mining can still be fun and even profitable if you have cheap electricity and get the best and most efficient Ethereum and Bitcoin mining hardware. Ethereum and Bitcoin ...