7 Reasons Bitcoin Mining is Profitable and Worth It (2020)

Ultimate glossary of crypto currency terms, acronyms and abbreviations

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


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

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

Decred Journal — June 2018

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

Development

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

Network

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

ASICs

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

Integrations

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

Adoption

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

Events

Attended:
Upcoming:

Media

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

Community Discussions

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

Markets

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

Relevant External

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

About This Issue

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

My Analysis/predictions of a bunch of Cryptos

I have been in crypto technically for 2+ years but, since last spring gotten very into it. Here is my opinion on a bunch of coins. I know I don't know everything about crypto, but I also know nobody (except maybe Satoshi) can say for sure how this will play out. Here's my analysis(half-assed bullshit guesses). Yea I'm very bullish.
BTC The king. I think it has the best likelihood of mass adoption. Wales want to see liquidity before they jump in. But more importantly they want to see big marketcap. They don't want to be a huge % of a market and not be able to pull out if it drops. I think there will be a tipping point in the near future where all of a sudden major financial companies start to pour in investments and millionares/billionares dump tons of money in. Wales are what takes us to 50-100k per coin. Also at a critical mass of marketcap the stigma of "betting on bitcoin" will turn to "putting it in bitcoin". Still too early to call a winner, but once they dive in it might be too late for other coins to top it. The tech that is massively adopted is not always the best. Yea there are fees, but it is still better than a wire transfer.
Jan 1 2018: 12050 April 1 2018: 16800
ETH Very strong. Accurately valued imo. I think it might go down a bit in the next year or so to 280 and stay, but I also think it will only take a few very successful Dapps for it to explode. Good leader too. I think the move to POS is great and I think the people behind it are very dedicated and pumped.
Jan 1 2018: 310 April 1 2018: 750
LTC- solid coin. Stability and a good leader. It could become the silver to the gold. I see it continuing to be very high volume.
Jan 1 2018: 72 April 1 2018: 105
BCC- No idea.
XRP- maybe great for a short term gain but I see major problems for it long term. I know a lot of people here don't like it because they think it's centralized but that's not why I don't like it. To me the problem is that for the "product" they offer to banks they can easily face competition and lose. There are already other coins that do similar things.
Jan 1 2018: .23 April 1 2018: .40
NEM Cool idea. I really like their coin and PoI. I think this coin has a chance of being massively adopted. The only problem is that they don't market much and don't get hype going. If they saw another big 20% burst I think they would snowball and more people would look up what they were about. They have small volume which isn't good, but I think it is because those who are in it see it as the best tech.
Jan 1 2018: .25 April 1 2018: .85
NEO Another coin that could be massively adopted. I don't see it going down too much anytime soon. After all the China FUD it only took a small hit and is still in the top 10. If China endorses it or has some kind of statement that can be interpreted as pro NEO I think it will explode. I like their model and how gas works with the POS. You can't go wrong with this one.
Jan 1 2018: 42 April 1 2018: 115
**DASH- PIVX is better in EVERY way.
IOTA- I think many can agree that this is the biggest question mark. I think it is the riskiest coin, but also potentially could see the most incredible gains. If the ball starts rolling with this and if they every get to the point where they can remove the coordinator I think it's lights out. GG. The question imo is can they get to that point while still being relevant and while people still believe in them. They have to get many people using the coin before they can get to that point.
Jan 1 2018: .62 April 1 2018: 1.8
XMR (monero) Awesome coin. Honestly I think this the safest bet. It has one of the most passionate communities and a good visible leader who understands his role is replaceable. The fungibility factor is SOOOOOO under valued and I wish more coins took this part more seriously. I like that there is no rich list. This coin seems to 2x all the time. The community has the "ask not what Monero can do for you but what you can do for Monero vibe"
Jan 1 2018: 195 April 1 2018: 405
QTUM, OMG, CARDANO all seem solid, but I haven't looked into them enough.
Bitconneeeeeeeeeeeect Not feelin it.
Jan 1 2018: 380 April 1 2018: .380
LISK- I think Lisk is awesome and will pop up to 12 by spring. JS is one of the most popular languages and its users are growing. At the end of the day it's the developer that makes widespread adoption. The easier it is for them to make apps for the block chain, the faster people can adopt it. DPOS imo is pretty cool. The people behind it seem really motivated and imo they have a cool logo and easy to remember name.
Jan 1 2018: 8.14 April 1 2018: 14.01
ARK I'm not gonna pretend to understand how smart bridges work, but I think they will go up. Their team seems professional and passionate and I like DPOS.
Jan 1 2018: 3.01 April 1 2018: 7.22
ZCASH Better off with XMR or PIVX. The tweet their boss gave was pretty telling. I have a bad vibe about them.
Stellar lumens IDK. Seems a lot like ripple
Jan 1 2018: .09 April 1 2018: .112
Stratis Better off with LISK or NEM imo
Jan 1 2018: 6.11 April 1 2018: 7.18
EOS I don't really understand this coin yet
MonaCoin Japan's coin. I think NEM is better because I like their POI and the fact they have been around longer. I don't think a coin can win off just strong patriotism/nationalism unless it is directly/officially endorsed by their gov't or issued (doubt that will happen)
Jan 1 2018: 4.42 April 1 2018: 6.44
PIVX Great coin. Their dev team sets targets and hits them. ZEROCOIN + super fast transactions are hard to beat. One of the most ideal coins with a community that's very passionate.
Jan 1 2018: 4.12 April 1 2018: 10.87
Decred One of the best long term coins. They have a good team and one of the smartest roadmaps. If crypto ever gets to maximal adoption you are basically talking about universal self governance and decred has a lot of foresight with their voting system. The down sides are that it's kinda complex and a lot to read though. New comers to crypto already have enough on their plate.
Jan 1 2018: 39.55 April 1 2018: 58.86
Steem Cool idea. I don't think its going away. At the same time I wouldn't buy this unless you like using the platform
Jan 1 2018: 1.02 April 1 2018: 3.31
Augur /Gnosis cool ideas. I see more competition coming for them. The draft kings and predictit markets are already huge. it's just a matter of showing the base how to use the platform
Jan 1 2018: 21.05 April 1 2018: 38.07 Jan 1 2018: 75.33 April 1 2018: 80.60
Binance I think this will pop up. Binance already has some of the lowest fees and BNB is functional already.
Jan 1 2018: 4.22 April 1 2018: 8.64
*Vertcoin/Grostle * I think people think because it's asic resistant it's more decentralized, but I think that's only is true in early stages. If it catches on people will figure how to rig many GPUs together and mine that way. I think they will be pumped and dumped again. I think they are the new DGB VTC: Jan 1 2018: 8.94 April 1 2018: 10.20
Populous/tenx Haven't looked into it enough but have heard good things
Salt I think Salt is a great. I think they might face more competition later, but if they can be stable and reliable, people will use their services and the price will keep going up.
Jan 1 2018: 5.44 April 1 2018: 10.91
Golem Big gamble. One coin that has tremendous upside(10x) but could also fade into obscurity. It faces a lot of competition but it seems like given it's niche function it has a strong following. The Devs for this I think are good. This is a very ambitious project. Who knows maybe 1 day a super AI will run on it.
Jan 1 2018: .34 April 1 2018: .81
Factom/Civic Great ideas. I really hope one of them becomes widely accepted/adopted. FCT
Jan 1 2018: 22.47 April 1 2018: 10.87
BAT Another great idea. I hope it does well. I like trying out new browsers
Sia/Storage I think these could moon but you will have to wait a while. I like Sia a bit better.
Sia > 1 dollar 2019
ZEN/VERG/ZCOIN Great on privacy. I'm not as big on POW and I think MONERO might have too much of a head start but these coins are unique. It's still early for any of them to become top dog
Byteballs cool Idea. I like IOTA better. Raiblocks might be better than both. but they are small and not on many exchanges. And as you can tell from the quality of this post I am too lazy to sign up for some new exchange right now.
Why so Bullish? You already know Where should ppl put money? Banks... almost no interest. If they raise interest rates they could crash the market. Either way $ will be printed in mass. Bonds..... terrible rates give me a break Stocks..... Market will probably go up but could crash any time. Not as liquid as crypto (I can't buy a computer with stock on robinhood). The whole point of stocks used to be owning a part of a company and having a say. That part of the value of a stock is long gone and diluted with these mega corps and everyone just hopes for capital gains. We all know where to go for gains. gold/silver... maybe. Crypto... Sky is the limit. It will soak up all the money that people hide, new money from the young kids in tech sectors, old money who want to pass crypos to their kids, and any sector that see's the benefit of it.
Best of luck to everyone out there.
submitted by AnotherAceTeeHummR34 to CryptoCurrency [link] [comments]

[uncensored-r/CryptoCurrency] My Analysis/predictions of a bunch of Cryptos

The following post by AnotherAceTeeHummR34 is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7bziin
The original post's content was as follows:
I have been in crypto technically for 2+ years but, since last spring gotten very into it. Here is my opinion on a bunch of coins. I know I don't know everything about crypto, but I also know nobody (except maybe Satoshi) can say for sure how this will play out. Here's my analysis(half-assed bullshit guesses). Yea I'm very bullish.
BTC The king. I think it has the best likelihood of mass adoption. Wales want to see liquidity before they jump in. But more importantly they want to see big marketcap. They don't want to be a huge % of a market and not be able to pull out if it drops. I think there will be a tipping point in the near future where all of a sudden major financial companies start to pour in investments and millionares/billionares dump tons of money in. Wales are what takes us to 50-100k per coin. Also at a critical mass of marketcap the stigma of "betting on bitcoin" will turn to "putting it in bitcoin". Still too early to call a winner, but once they dive in it might be too late for other coins to top it. The tech that is massively adopted is not always the best. Yea there are fees, but it is still better than a wire transfer.
Jan 1 2018: 12050 April 1 2018: 16800
ETH Very strong. Accurately valued imo. I think it might go down a bit in the next year or so to 280 and stay, but I also think it will only take a few very successful Dapps for it to explode. Good leader too. I think the move to POS is great and I think the people behind it are very dedicated and pumped.
Jan 1 2018: 310 April 1 2018: 750
LTC- solid coin. Stability and a good leader. It could become the silver to the gold. I see it continuing to be very high volume.
Jan 1 2018: 72 April 1 2018: 105
BCC- No idea.
XRP- maybe great for a short term gain but I see major problems for it long term. I know a lot of people here don't like it because they think it's centralized but that's not why I don't like it. To me the problem is that for the "product" they offer to banks they can easily face competition and lose. There are already other coins that do similar things.
Jan 1 2018: .23 April 1 2018: .40
NEM Cool idea. I really like their coin and PoI. I think this coin has a chance of being massively adopted. The only problem is that they don't market much and don't get hype going. If they saw another big 20% burst I think they would snowball and more people would look up what they were about. They have small volume which isn't good, but I think it is because those who are in it see it as the best tech.
Jan 1 2018: .25 April 1 2018: .85
NEO Another coin that could be massively adopted. I don't see it going down too much anytime soon. After all the China FUD it only took a small hit and is still in the top 10. If China endorses it or has some kind of statement that can be interpreted as pro NEO I think it will explode. I like their model and how gas works with the POS. You can't go wrong with this one.
Jan 1 2018: 42 April 1 2018: 115
DASH- PIVX is better in EVERY way.
IOTA- I think many can agree that this is the biggest question mark. I think it is the riskiest coin, but also potentially could see the most incredible gains. If the ball starts rolling with this and if they every get to the point where they can remove the coordinator I think it's lights out. GG. The question imo is can they get to that point while still being relevant and while people still believe in them. They have to get many people using the coin before they can get to that point.
Jan 1 2018: .62 April 1 2018: 1.8
XMR (monero) Awesome coin. Honestly I think this the safest bet. It has one of the most passionate communities and a good visible leader who understands his role is replaceable. The fungibility factor is SOOOOOO under valued and I wish more coins took this part more seriously. I like that there is no rich list. This coin seems to 2x all the time. The community has the "ask not what Monero can do for you but what you can do for Monero vibe"
Jan 1 2018: 195 April 1 2018: 405
QTUM, OMG, CARDANO all seem solid, but I haven't looked into them enough.
Bitconneeeeeeeeeeeect Not feelin it.
Jan 1 2018: 380 April 1 2018: .380
LISK- I think Lisk is awesome and will pop up to 12 by spring. JS is one of the most popular languages and its users are growing. At the end of the day it's the developer that makes widespread adoption. The easier it is for them to make apps for the block chain, the faster people can adopt it. DPOS imo is pretty cool. The people behind it seem really motivated and imo they have a cool logo and easy to remember name.
Jan 1 2018: 8.14 April 1 2018: 14.01
ARK I'm not gonna pretend to understand how smart bridges work, but I think they will go up. Their team seems professional and passionate and I like DPOS.
Jan 1 2018: 3.01 April 1 2018: 7.22
ZCASH Better off with XMR or PIVX. The tweet their boss gave was pretty telling. I have a bad vibe about them.
Stellar lumens IDK. Seems a lot like ripple
Jan 1 2018: .09 April 1 2018: .112
Stratis Better off with LISK or NEM imo
Jan 1 2018: 6.11 April 1 2018: 7.18
EOS I don't really understand this coin yet
MonaCoin Japan's coin. I think NEM is better because I like their POI and the fact they have been around longer. I don't think a coin can win off just strong patriotism/nationalism unless it is directly/officially endorsed by their gov't or issued (doubt that will happen)
Jan 1 2018: 4.42 April 1 2018: 6.44
PIVX Great coin. Their dev team sets targets and hits them. ZEROCOIN + super fast transactions are hard to beat. One of the most ideal coins with a community that's very passionate.
Jan 1 2018: 4.12 April 1 2018: 10.87
Decred One of the best long term coins. They have a good team and one of the smartest roadmaps. If crypto ever gets to maximal adoption you are basically talking about universal self governance and decred has a lot of foresight with their voting system. The down sides are that it's kinda complex and a lot to read though. New comers to crypto already have enough on their plate.
Jan 1 2018: 39.55 April 1 2018: 58.86
Steem Cool idea. I don't think its going away. At the same time I wouldn't buy this unless you like using the platform
Jan 1 2018: 1.02 April 1 2018: 3.31
Augur /Gnosis cool ideas. I see more competition coming for them. The draft kings and predictit markets are already huge. it's just a matter of showing the base how to use the platform
Jan 1 2018: 21.05 April 1 2018: 38.07 Jan 1 2018: 75.33 April 1 2018: 80.60
Binance I think this will pop up. Binance already has some of the lowest fees and BNB is functional already.
Jan 1 2018: 4.22 April 1 2018: 8.64
Vertcoin/Grostle I think people think because it's asic resistant it's more decentralized, but I think that's only is true in early stages. If it catches on people will figure how to rig many GPUs together and mine that way. I think they will be pumped and dumped again. I think they are the new DGB VTC: Jan 1 2018: 8.94 April 1 2018: 10.20
Populous/tenx Haven't looked into it enough but have heard good things
Salt I think Salt is a great. I think they might face more competition later, but if they can be stable and reliable, people will use their services and the price will keep going up.
Jan 1 2018: 5.44 April 1 2018: 10.91
Golem Big gamble. One coin that has tremendous upside(10x) but could also fade into obscurity. It faces a lot of competition but it seems like given it's niche function it has a strong following. The Devs for this I think are good. This is a very ambitious project. Who knows maybe 1 day a super AI will run on it.
Jan 1 2018: .34 April 1 2018: .81
Factom/Civic Great ideas. I really hope one of them becomes widely accepted/adopted. FCT
Jan 1 2018: 22.47 April 1 2018: 10.87
BAT Another great idea. I hope it does well. I like trying out new browsers
Sia/Storage I think these could moon but you will have to wait a while. I like Sia a bit better.
Sia > 1 dollar 2019
ZEN/VERG/ZCOIN Great on privacy. I'm not as big on POW and I think MONERO might have too much of a head start but these coins are unique. It's still early for any of them to become top dog
Byteballs cool Idea. I like IOTA better. Raiblocks might be better than both. but they are small and not on many exchanges. And as you can tell from the quality of this post I am too lazy to sign up for some new exchange right now.
Why so Bullish? You already know Where should ppl put money? Banks... almost no interest. If they raise interest rates they could crash the market. Either way $ will be printed in mass. Bonds..... terrible rates give me a break Stocks..... Market will probably go up but could crash any time. Not as liquid as crypto (I can't buy a computer with stock on robinhood). The whole point of stocks used to be owning a part of a company and having a say. That part of the value of a stock is long gone and dilluted with these mega corps and everyone just hopes for capital gains. We all know where to go for gains. gold/silver... maybe. Crypto... Sky is the limit. It will soak up all the money that people hide, new money from the young kids in tech sectors, old money who ...
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin Halving Bull Run? Binance Launches Bitcoin Mining Pool - BitPay BUSD - Kim Jong Un BTC Stash Bitcoin mining in Thailand - mining Cryptocurrency - building a mining rig Mining Rig Cleaning - Very Important  Cryptocurrency Market Crashing Pre-Built Crypto Mining Rigs: Why You Should Build, Not Buy SELL MY CRYPTOCURRENCY AND BUILD A MINING RIG OR HODL? New Crypto Mining Rig EARNS $22 DOLLARS A DAY  Should YOU ... Buying a $800 Pre-built Bitcoin Cryptocurrency Mining Rig ... Bitcoin - Cost of Mining Should I have bought Bitcoin instead? BTC mining is VERY HARD! Binance BUYS CoinMarketCap...

20. The properly refrigerated rig. There’s one mining rig that won’t get (too) hot. Well, at least, that’s the goal. Source. 21. The Millionaire’s mine. This one has got to be the winner! Source. And a BONUS for you: Little Baby Ghetto rig in Bitcoin Examiner office 🙂 What You Need to Know About Mining Rig Virtual Currency Miners. Whether you want to mine Ethereum, Bitcoin, or another virtual currency from your basement or set up a crypto trading business, the first step is to set yourself up with a crypto mining rig. To make sure that you end up with a souped-up computer that fits your every need, check out ... In a time of global crisis, a pandemic, and a generally unstable political and social environment, cryptocurrencies have shown remarkable stability. Moreover, the pandemic-induced economic downturn played into the hands of the industry by not only attracting professional cryptocurrency traders but also reviving mining as a way of generating passive income. Shark Mining is a well-regarded company that makes some excellent pre-built mining rigs. Its Shark Mini is a compact rig that comes with four GPUs. The base model comes with AMD RX 570/580, but ... Bitcoin mining began as a well paid hobby for early adopters who had the chance to earn 50 BTC every 10 minutes, mining from their bedrooms. Successfully mining just one Bitcoin block, and holding onto it since 2010 would mean you have $450,000 worth of bitcoin in your wallet in 2020. QUICK TIP. Unless you have access to very cheap electricity, and modern mining hardware then mining isn’t ... Here’s a useful video, posted Nov. 18, 2017, of BitcoinHog interviewing a miner who built an $80,000 mining rig that generates $6,000 to $8,000 per month mining ZCash. The mining operation includes 10 rigs with seven cards each, a total of 70 GPUs. The owner of the mining operation says he and his partner ran into several challenges, but perhaps the biggest challenge was dealing with heat. Cryptocurrency mining is not trendy anymore. Wrong! It still makes a lot of fuss in the blockchain community. As long as the first and the leading cryptocurrency, Bitcoin (BTC), will require mining rigs, cryptocurrency mining will be trending. Building a mining rig in 2020 is much easier than it was, say, two years ago. Buy Bitcoin with PayPal. Even though PayPal has been very favorable of Bitcoin in recent years, it's still an issue to find credible places to buy bitcoins with PayPal in 2020. This is mainly due to chargeback issues (here's a short video illustrating this). This post will cover tested methods that will allow you to overcome this issue. Read More Litecoin mining hardware is similar to other crypto mining rigs in the sense that it operates with scripts - functions that let users utilize their CPUs to mine cryptocurrencies from designated sites.. However, as with every other coin, Litecoin has its specific parameters that make some rigs better than others when it comes to the actual mining part. So, what is Bitcoin mining pool? Think of Bitcoin mining pools as large Bitcoin farms. Lots of miners combine the power of their Bitcoin mining hardware. They also split the Bitcoin reward that they receive. Imagine this: you’re in a Bitcoin mining pool. Your computer power is 2% of the total power in the mining pool. If your mining pool wins ...

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Bitcoin Halving Bull Run? Binance Launches Bitcoin Mining Pool - BitPay BUSD - Kim Jong Un BTC Stash

This video goes over the cost of mining Bitcoin and how you can calculate how much bitcoin mining costs. Subscribe to keep up to date with more content from Binance and don’t forget to check our ... Binance Pool’s first product offering will be Bitcoin mining, using a FPPS payment method. - BitPay Partners With Binance to Support BUSD Payments Around the World #cryptocurrency #BAKKT #Bitcoin #altcoin #binance #kucoin #coinbase #ripple #cryptocurrencynews,#xrp #bnb #neo #bakkt #fidelitydigitalassets #bitcoinprice #bitcoinnews,#bitcoinpump #bitcoindump # ... Send Your Mining Rig Pics in Discord to be featured in upcoming Community Mining Rigs Episodes/Live Streams! Buy GPU's Here ... #Bitcoin #CoinMarketCap #Binance. Category Science & Technology ... Pre-configured cryptocurrency mining rigs continue to sell well. I explain why I believe you should build your mining rig and not simply buy one.# Referenced in Video: Pre-Built Mining Rigs are ... You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative ... Should you buy a pre-built btc cryptocurrency mining rig? The answer depends, lets review the Coinmine One and discuss the status of gpu mining in 2019 and t... This new cryptocurrency mining rig is earning over $22 dollars a day, should you buy it?! Is a crypto miner a good investment?! Let's review the mining profi... TRADE BITCOIN FOR OTHER COINS: Binance: ... I talk about a mining rig I am building at the moment. Category People & Blogs; Show more Show less. Loading... Advertisement Autoplay When autoplay is ... You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative ...

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