Amazon.co.uk: Bitcoin Mining Hardware

MXC AMA Recapitulation-Filenet

MXC AMA Recapitulation-Filenet

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Guest: FN Global Community Rep,Andrew Chan

Host: Molly

Introduction:

Andrew:
Nice to meet you guys here,it's my honor to stand here speach for Filenet.Filenet(FN) is the world's first public chain of distributed storage application who has lauchned the mainet, and is also the world's first public chain of distributed storage application using DPOS + POC consensus mechanism.Filenet is dedicated to storing and distributing valuable content, rewarding miners in the form of mining to contribute idle bandwidth and storage. The mission of Filenet is to establish a powerful distributed data service system by connecting all idle storage to form, so any storage device that can connect to the Internet can participate in mining. Generally, Filenet is a super cloud system based on distributed storage and content sharing.

Questions from community:

Molly: Q1.What are the benefits of the FN project for business? What is the main role FN plays in business for five validation and security?
Andrew:
As we said just now,Filenet(FN) is the world's first public chain of distributed storage.
Filenet is dedicated to storing and distributing valuable content. The system provides a file promotion system. The more data is retrieved, the more popular it becomes, and the file can be mined.The DAO mechanism adopted by Filenet, in the system of Filenet, users need not pay for uploading and downloading, which greatly reduces the cost of enterprise server and bandwidth.Besides that Filenet is used to retrieve and distribute mining patterns, pledge a certain amount of deposit and provide a certain amount of storage space to participate in mining. The higher the miner's contribution, the higher the probability of a block.
Filenet is a leader in the field of distributed storage because of its unique consensus mechanism, business model, economic model, ecological strategy and governance structure, enabling blockchain storage to break out of the shackles and develop into a new format, and providing a key role for the development of other blockchain storage systems.
On the level of consensus, Filenet adopts the DPOS+POC mechanism as the consensus mechanism for distribution in the context of POC storage and mining, avoiding the direct contradiction between equipment efficiency and resource allocation, and greatly improving the mining mode in the blockchain 3.0 era.
The specific operation process of DPOS algorithm is that stakeholders, namely the Token holders and miners, vote to select Filenet Super Nodes through the election program, and then the Super Nodes in the block will be randomly pseudorandomly, and the Filenet Super Nodes can choose whether to produce blocks within a specified time.
As for smart contracts, Filenet is a common chain for developers that provides special programming primitives for DApp to interact with stored data.
These primitives are contained within the EVM (ethereum intelligent contract virtual machine). Thus, information about the location of data, storage nodes, and miners can also be accessed in smart contracts.
The world's first distributed storage DApp "Ztiao" developed based on Filenet network is now on the market. All chat data in this application will be stored in a fragmented form at any node in the world, transferred by private key, and the ecology in the application will be circulated and settled with Fn as payment token.
Filenet's smart contracts apply primarily to miners' coin holdings.The smart contracts we have developed may be rapidly realized through EVM (ethereum smart contract virtual machine) and solsea.
Filenet itself has the potential to implement an intelligent contract mechanism, and we believe that future versions of EVM and WASM will naturally integrate with the capabilities of Filenet and allow other main chains to benefit from Filenet.
In terms of data structure, the Filenet block saves all data trace parameters, and the data uploaded to Filenet is of various types and large quantities. While traditional linked list structures make blocks redundant and complex to express, Filenet USES a block chain data structure with Merkle tree and DAG (directed acyclic graph) structure.
The DAG structure is more flexible, more powerful, and faster than the traditional blockchain chain structure, greatly improving the efficiency of block packaging, thereby improving the performance of the Filenet network.
The Merkle tree does not require complete block information, but only the key Merkle node information to verify the block chain number filenet. IO page 10, a total of 24 data, which makes the node lighter and more energy and resources are devoted to business processing and providing services for the filenet network.
At the same time, Merkle tree can also simplify the verification process and further improve network performance.
Molly: Q2.Why does Filenet use the DPOS + POC consensus mechanism? What is the advantage?
Andrew:
As we all know,the core element of blockchain technology is the consensus mechanism. Currently, the most commonly used mechanisms include PoW (Proof-of-Work), PoS (Proof-of-Stake), DPoS (Delegated-Proof-of Stake), and PoC (Proof-of-Contribution). Proof of Work requires miners to solve complex cryptographic math problems and relies on computing power. The advantage of the system is that it is secure and reliable. Disadvantages are its limited capacity and the possibility of “51% attacks”. The Proof of Stake consensus mechanism selects miners according to how many coins he or she has. An immediate advantage is its low resource consumption. However, it opens itself to a range of attacks, such as nothing-at-stake, and also results in centralization since wealth brings more rewards and more decision-making power. In DPoS, the majority of people holding voting rights authorize a small number of nodes to act for them. The system’s merits are its high efficiency, throughput capacity and concurrency. However, the power is then concentrated in the hands of a few nodes, which is not safe. Proof of Contribution allocates mining and validating rights according to the contributions made by the nodes. The advantage of this system is that it does not waste resources thanks to its concept of selection based on resources provided to network. A disadvantage is that the calculation of contributions depends on specific scenarios. In the era of Blockchain 3.0, the consensus mechanisms are to advance under the principles of economy of resources, security focus and scalability, throughput capacity and concurrency.

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Molly: Q3.What is the main reason behind the formation of FN? Why do you think coins like FN should be in the Marketplace?
Andrew:
As I just said,Filenet is an IPFS incentive layer to reward miners for sharing their storage and networking resources.
Filenet is also a token which powers a distributed certification mechanism. It creates a cloud-level system for content-sharing dedicated to storing and distributing valuable content on IPFS,demand leaders to results. Filenet solve the problem of data distribution and storage.Why coins like FN should be in the marketplace?
This is easy to understand,why bitcoin should be in the market?All coins can be in the market for just one reason-the consensus.If there just one person who think FN is valueble,we cannot say this is consesus,but if there is 10000,or 1 billion who make consesus,then you can say,FN should be in the market.Fn happens to have so many users make the consesus.The number of people in Filenet community has reached 210000+,the autonomy community is up to 21,the global super nodes is over 51+,Our community is still growing,our consensus is also deepening,because we all believe in the future of FN.In short term,in the mining mode, on the one hand: the tokens will be locked, and the decrease in circulation can increase the value of the token; on the other hand: mining can also generate income.
On the long term,Filenet can provide commercial applications with commercial value. Giant Internet companies such as Tencent WeSee and Byte Dance with giant data amount will have requirements for massive storage. Filenet can provide distributed storage services to solve the problem. Companies need to pay and lock FN for the distributed storage services. In this way, the circulation of FN on the market can be controlled, and thereby the value can be appreciated.
Molly: Q4.Can ordinary users also participate in mining? If can participate, how much mining can ordinary user do? And please explain the role of FN Coin easily.
Andrew:
Ordinary people can also participate in mining,as long as you pledge 400FN,and provide 4T storage space,you can join to mining.And the specific details depend on the mining pool you joined,you can see these pictures for a detailed mining tutorial.

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Molly: Q5.What's the future plan of Filenet?
Andrew:
In the 1.0 stage, Filenet is the first distributed storage application public chain on the mainnet, the first distributed storage application public chain on the exchange, and the first distributed storage application public chain using the DPOS + POC consensus mechanism.
Filenet 2.0 comprehensively solves the key shortcomings of centralized data service centers.
In Filenet3.0 stage, the vision can catch up with and surpass many leading projects and brands of the decentralized distributed storage track, such as Filecoin, IBM, Amazon, Maidsafe, and become the leader of the track.

Free-asking Session

Q1.What is the difficulty bomb solution? Can you tell us more about [email protected]
Andrew:

https://preview.redd.it/zghna15smay41.png?width=905&format=png&auto=webp&s=2f01912ecb429f6e543d0b74322f4c295b901015
difficulty bomb is a solution to to encourage the nodes of the entire network to contribute more storage space and bandwidth, the Filenet Foundation plans to implement the difficulty bomb program in stages from May 1, 2020.
Q2.Checking the website, I found that the transaction fees of FN coins are very low, and the transaction speed is also very high! Can you explain how the FILENET project can achieve such a high transaction rate at the lowest [email protected]
Andrew:
As I said just now,there are lots of ways to generate revennue,in short term Filenet can provide commercial applications with commercial value. Giant Internet companies such as Tencent WeSee and Byte Dance with giant data amount will have requirements for massive storage. Filenet can provide distributed storage services to solve the problem. Companies need to pay and lock FN for the distributed storage services. In this way, the circulation of FN on the market can be controlled, and thereby the value can be appreciated.And in long term Filenet is aim to encourage the nodes of the entire network to contribute more storage space and bandwidth, the Filenet Foundation plans to implement the difficulty bomb program in stages from May 1, 2020.
Q3.According to packaging node program, theywill recruit 105 packaging nodes worldwide. If 105 packaging nodes have been allocated, can I still participate in the activities of this packaging [email protected]
Andrew:
yes,of course,our paging nodes have proceed to the fifth issue,you can join us.
Q4.Why do people have to buy FN or hold it back? What is the FILENET team's plan to keep competing in the [email protected]
Andrew:
You could also refer to the eco mode and the apppreciation logic I've jsut share.
Q5.what are the benefits of $FN Long Term [email protected]
Andrew:
As we just shared: For long term, Filenet can provide commercial applications with commercial value. Giant Internet companies such as Tencent WeSee and Byte Dance with giant data amount will have requirements for massive storage. Filenet can provide distributed storage services to solve the problem. Companies need to pay and lock FN for the distributed storage services. In this way, the circulation of FN on the market can be controlled, and thereby the value can be appreciated.
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FOR IMMEDIATE RELEASE: After Butterfly Labs collapses, engineers find new jobs at 21 Inc.

BEGIN BLOG POST

After Butterfly Labs collapses, engineers find new jobs at 21 Inc.

A bitcoin miner has shipped on time. Yes, that is news. A new venture-capital backed company, 21 Inc., has released a miniature bitcoin miner that they call a "Bitcoin computer". For $399.99, you get a Raspberry Pi, an SHA-256 ASIC board, and a giant fan.
Again, this is news: normally, a manufacturer of bitcoin miners would overdesign and underengineer their equipment, or, if they managed to ship something functional, it would be so poorly engineered -- and over budget -- that it be an explosion waiting to happen and/or priced comparably to a four-door sedan.
21 Inc. has done something remarkable in the Bitcoin world: they started a company that operates like a legitimate business. They're even listed on Amazon.com, a company that's so strict with vendors that Nintendo was kicked off their system for not kissing enough customer ass.
Okay, enough with the praise.

This thing sucks.

The 21.co "computer" certainly deserves a place in the VC world, along with the other products consisting of wild promises and inane use cases. For the price of 4 Raspberry Pi computer kits, you get the following:
(If you have a remote desire to develop applications that use bitcoin, stop here. Go through that list and buy just those items above. You don't need anything else. If you're looking for comedy, or if you're a sucker with too much money, read on...)

Is that all I get for my money?

Those products alone don't allow you to make Bitcoin applications, apparently. You need these things, too:

How about the software demos?

It's difficult to justify developing a $400 computer that can't do much. So, to entice some customers, 21 Inc. included demos that try really hard to make customers feel inspired. Here are just a few things that 21 Inc. claims were totally impossible before their product existed:

What are the real customers saying?

The packaging is slick:
"This @21dotco computer came already opened..."
The hardware is reliable:
"...it must have lost power, which caused my SSH keys to become corrupted."
The software is revolutionary:
"...it will be more expensive to pay for your spotify subscription via your electricity bill, but a lot of people don't care."

I want to buy it anyway!

Go ahead. I won't stop you. Oh, and 21 Inc. doesn't accept bitcoins.
END BLOG POST
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Holo: A dreamer or a terminator?

Project Rating:
The level achieved: A-
Total Score: 7.66
I. Project Introduction
Holo (hot) is the first app of Holochain, and it is also a pass/fuel to Holochain's. Holochain is not a blockchain, but a Holochain. It is a decentralized application platform built on the basis of distributed hash table (DHT) technology. Its feature is that every user on the network can have its own security classification chain, can operate independently, can interact with other devices on the network and can increase data by itself. In addition, it can merge, split, interaction between the chains. It can realize the edge of the decentralized computing, and extended, centered by agent, and then achieve the horizontal and vertical expansion. The Holo chain is a new data storage and transmission mode, which can be used for any terminal device similar to a smartphone. They can run independently, become part of a peer to peer network, and can not be connected to a centralization server. In this way, Holo chain developers can build distributed applications and services on this basic, protecting users' privacy, allowing users to obtain their own data.
II. Project Evaluation
2-1: Market Analysis:
Scored: 1.67/Out of 2.1

2-1-1: Market Space
Network security, users' data and property rights, and trusted value circulation and transfer are the main priority that internet giants aim to build in various clouds. it is also a strong back up for rising blockchain technology. The applied value of the Holo chain also lies in this and has the opportunity to become a strong one that can not be ignored in this market.
For example, cloud services revenues represented by Amazon are increasing by more than 30 % annually, reaching more than 250 billion dollars by the end of 2017. Amazon, Google, and other large companies dominate the cloud computing industry.
Holo chain represented as the next generation encryption application level platform is based on the encrypted money market under the Ethereum (ETH) intelligent contract. Let's take a look at the data of September 2017.
According to preliminary incomplete statistics, the monthly transaction volume reaches hundreds of billions of us dollars, and various applications are continuing to generate. The Holo chain is a supplement to the blockchain; The share price for competitors in the future depends on the application of the product and the common agreement of the users, the market potential can be measured by trillions.
2-1-2: Market Weakness:
Scored: 8
Blockchain 1.0 version is bitcoin. The technology of blockchain is abstracted from bitcoin, and a series of digital currencies are derived from BTC, such as BCH, LTC to DASH, MONERO, ZCASH and so on. Until now, the market value of these digital currencies is still at the forefront. However, improved 1.0 version will have a great potential to extend its extensibility.
Blockchain 2.0 is developed by Ethereum. It adds Turing's intelligent contract, which makes the trusted code become a reality, detonated the crowdfunding market and greatly expands its imagination. The various modules provided on the platform enable users who need to be applied on the ground to only combine the modules, greatly reducing the cost and improving the efficiency.
The custom version of blockchain 3.0 is led by EOS, to make changes for Ethereum, in order to overtake the previous version, along with the framework of graphene, using the DPOS consensus mechanism, to improve the scalability, stability, transaction costs, and congestion. To improve efficiency through the relative centralization of 21 nodes, balance security, performance, and centralization on this basis, to carry millions of business applications that are explosive and not to participate in the millions of users and blockchain investment. However, after multiple rounds of testing, EOS did not achieve the legendary effect. In fact, even if it can effectively improve the shortcomings of the Ethereum, its base structure can not fundamentally solve these problems of version 2.0.
Performance, scalability, congestion, high transaction fees, energy consumption and energy consumption will always suppress large-scale commercial applications. In order to secure the efficiency of the centralization system and at the same time, if security, de-centralization, and performance cannot be applied, do we have to think of another choice?
2-1-3: Compatibility
Scored: 7
Range in between: 7-8/Out of 10
Whether there is a blockchain 3.0 version and whether it can solve the defects of the version 2.0, it is still a question. So far, there is no effective way, and the reformed version of EOS at present can only be called version 2.5.
If we can't solve the flaw in blockchain 2.0 version, there will be no blockchain 3.0, it will be an opportunity for Holo chain who can reach the main network within 3 or 6 months. Taking a step back, there is a market worth trillion-dollar
2-1-4: Application Scenario
Scored: 8
Range in between: 7-8/Out of 10
A.Cloud computing

Cloud service is the application of Holo chain in the traditional digital world, which is completely different from the matrix model of Internet giants like Amazon, Facebook, it adopts a completely point-to-point decentralization model similar to the blockchain.
B.Operation mode
Purchasing preconfigured equipment or installing the holo app on the existing computer equipment, the system will run in the background and allocate spare computing power. When other users need hosting, your device will be able to provide storage and processing, through hosting distributed applications, you are supporting a website for authorized individuals and communities, in exchange, you can get Holo fuel, a micropayment encryption currency, which can be sold to others or used to pay for your hosting.
A fully point-to-point decentralized distributed cloud owned and run by individual users themselves.
2-1-5: Token Mechanism
Scored: 6
Range in between: 5-6/Out of 10

Holo Token Distribution Diagram:
75% use for sale
25% use for teamwork
Total circulation: 1776 billion
Sales (full circulation):1332 billion
ICO time:29/3/2018-28/4/2018
ICO price:10000HOT=0.0022671895(About a HOT=0.001 RMB)
The current unit price: 0.007 RMB
On the exchange:Hotbit、Top.one、IDEX、Bilaxy、Mexc
The distribution of tokens and the extra large circulation of tokens can be de-centralized in terms of ecological construction and will be beneficial to the operability of application users. However, the speculation on the price of tokens will have some adverse effects. It took only three days from the end of ICO to the first exchange to go online,the exchange is still very concerned about the value that may be generated behind ICO, Whether you can log on to the mainstream trading platform ( e.g. value-oriented system Bian ) before you go to the main service online trading platform will play a key role in the price trend after it.
2-2: Active Level
Total Scored: 0.56/Out of 0.7
Scored:8
Range in between: 7-8/Out of 10
Facebook:
Facebook has 2263 users, and its content posts are active. Recently, the introduction of hardware devices has taken up a certain amount in overall amount.
Twitter:
There are 1472 fans on Twitter and 722 tweets. The registration time is 2017 August, and the update of tweets is still very frequent.
Telegram:
There are 7723 members on the telegram, and the members are very active
Others:
Multiple official communities have been set up at home
In general, the official initiative is not enough. It is more from the bottom up,or the official energy is more focused on product development.



2-3: Risk Assessment
Total Scored: 0.42/Out of 0.7
Development difficulty:
Scored:7
Range in between: 7-8/Out of 10
Holo chain brings up a concept that uses the proxy as center manager, let the users decide when it is the right time to maintain consensus, which means that when the A and B have reached consensus, only until the developer C uploads the code, three of them do not need to reach a consensus. Each node can have its own source of truth, only when there is a need to share with other nodes, the Holo chain with DHT technology is an underlying structure, it continuously verifies distributed hash table (DHT). The main applications of the current application of DHT technology include BitTorrent, Git, Storm Botnet, Freenet, Yacy, IPFS, and Holochain. The first five applications belong to the traditional Internet technology application, and the latter two involve the current hot blockchain technology.
That is to say, DHT technology has been widely used in the traditional Internet, HDT technology has a strong background, and on the technical viewpoint, recently need more development of various modules based on DHT, and some modules of the blockchain are used for reference, so that the original difficulties has been reduced a lot, and the basic development over 2 years time has given it a bright future. Within a few months, the main network has laid a solid foundation. So overall, the difficulty level has been given to medium stage.
2-3-2: Degree of competition
Scored:5
Range in between:5-6/Out of 10
How to get the ecological system of business? Users need to establish the ecological system is the core element of the project. In the face of the ETH that promotes the commercial application of the blockchain and the establishment of a powerful ecosystem, NEO has also established a small ecological system, as well as the EOS and Ae, the competition between the main network of the public chain since ETH has never stopped after the attention has been paid. This is the future standard competition in the blockchain. The Holo chain uses a new application platform to compete with the entire chain to attract commercial users to build Dapp, which is much harder than from 1 to 100 than from 0 to 1.
If we confirm the feasibility of DHT technology, a lot of followers will be attracted by this, which will be a great threat to Holo chains.
2-3-3: Other Risks
Scored:6
Range in between:5-6/Out of 10
The main network will be available within following three to six months, and there is a much lower risk of a technical hit than a major subsequent change. Lacking operating members will also become a shortcoming. A lack of consensus may result in a risk that a small number of people sabotaging it that will greatly reduce efficiency.


2-4: Key Technology
Total Scored:0.95/Out of 1.05
Technology Innovation scored: 9
Range in between:9-10/Out of 10

Holo chain adopts DHT (distributed hash table technology) as the underlying technology, and DHT is a distributed storage method. This distributed network does not require a central node server, but each client is responsible for a small range of routing and is responsible for storing a small portion of the data to achieve the address and storage of the entire DHT network. The DHT network also replicated redundant information on the closest keywords to avoid single node failure. We can imagine the whole DHT network into a big city, so each client, like in every corner of the city, map fragments, mapping the terrain in the vicinity of above, after the summary, the fragments of the whole city came out.
DHT is a distributed storage and addressing technology. Through DHT data structure, it corresponds the KEY and VALUE in some way. Use the hash () function to map a KEY value to an index: hash (KEY) = index. In this way, you can match a KEY value with an index. Then the VALUE corresponding to this KEY value, it is stored in the marked storage space marked by index. In this way, every time you want to find the VALUE, the value will correspond to KEY, you only need to do a hash () operation to find it.

The Holo chain stores the whole network accounts distributed on the participating nodes and guarantees the book integrity and the searchable retrievability through the DHT addressing technology. Perhaps I have not made clear the key to the difference. The account book on the Holo chain is the same as the blockchain, which is a unified version of the whole network, but the book is not a copy of each person, but only a copy of the original, each of which is stored in part, and each person stores the parts related to their own transaction and state transformation. Holo officials often say that each of the words on the Holo is a chain. Of course, everyone has their own transactions, that is, their own chain, their own accounts, but their own accounts are also part of the whole net general ledger, through DHT technology and cryptography technology to make these divisions indivisible. The books stored by each node are unique and necessary. Compared with the blockchain, it greatly reduces the space and bandwidth of the duplicates and also preserves the advantages of the decentralization of the blockchain and the tampering of the blockchain.
2-4-2: Code Status
scored: 9
Range in between:9-10/Out of 10
The code has been open source and updated very frequently
The code is also approved and praised by professionals
2-5: Execution Status
scored: 0.84/Out of 1.05
Range in between:7.8/Out of 10
The method of project party propaganda is somehow different. It only shows the roadmap for this year. It shows the serious attitude towards it. It is true that some long-term development is difficult to achieve.
Online Alpha Edition; after ICO
In the 2nd quarter, we tested the online and offered Holo fuel to the early stage, while carrying out the safety audit and the ability to adjust DHT parameters and behaviors.
In the third quarter, the team has packed the equipment, using Holo fuel as the first transaction and released the version of alpha3 for the core application service of the main network.
In the fourth quarter, we completed one hundred million transactions per hour as a test. At the same time, we ran the Holo network on ten thousand devices and finally released the main chain public beta.
The implementation is online with progress, with a pity, that last year and this year’s progress cannot be displayed.
2-6: Team Evaluation
scored: 1.12/Out of 1.4
Investment team
Scored:8
Range in between:7-8/Out of 10
ArthurBrock as a founder and chief architect
In 1989, he graduated from Michigan State University, studying artificial intelligence, and interdisciplinary learning in computer science, linguistics, cognitive psycHology, and philosophy. In 2004, he was the chief technical officer and head of the money system design at Targeted currencies, and during that time he founded his own enterprise: Geek Meister, focused on the innovative monetary system and founded the MetaCUrrency Project company in 2008. The focus of technology development is Ceptr, trying to build an operating framework for distributed applications, to create a point to point platform for new shared resources, and to create a reliable protocol for free exchange of information by devices, and Holochain is the operating framework of distributed applications focused on ceptr projects. In 2016, the Holochain project was formally established and designed as a platform for the next generation of encryption applications to provide P2P distributed computing beyond the performance of the blockchain.
Eric Harris-Braun Chief executive officer of the co-Founder
He is also co-founder of the MetaCurrencyProject project, and co-founder of Glass bead software and free software developer Harris-braun Enterprises, a peer-to-peer network application provider. The company created a sophisticated data collection website. In 1994, he released the Internet directory, which sold more than 100 thousand copies and was bought by Google.
There are a total of 33 members, of which eight are the core positions of the Holochain predecessor, MetaCurrency Project when it was founded in 2008 and also as a Holo team.
The company has not hired advisers at this moment.
The founder has rich experience in the design of the monetary system, and the technical capability of the project team is very strong.
2-7: Risk Assessment
scored: 2.1/Out of 2.4
Overall, Social Circle has an average score of 7, take 30% of the overall score.
Project Summary:
To sum up, M dimension is 1.67 points, A dimension is 0.56points, R dimension is 0.42points, K dimension is 0.95points, E dimension is 0.84points, T dimension is 1.12points, community comprehensive score is 2.1points, total score is 7.66points, investment grade A- class, the comprehensive ability of this project is strong.





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10-Q: NATURAL GROCERS BY VITAMIN COTTAGE, INC.

The following Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) should be read in conjunction with our unaudited consolidated financial statements and notes thereto included elsewhere in this Form 10-Q and with the audited consolidated financial statements and notes thereto in our Form 10-K. This MD&A contains forward-looking statements. Refer to "Forward-Looking Statements" at the beginning of this Form 10-Q for an explanation of these types of statements. Summarized numbers included in this section, and corresponding percentage or basis point changes, may not sum due to the effects of rounding.
https://preview.redd.it/3mrjvgxml7w01.jpg?width=960&format=pjpg&auto=webp&s=e272d59a2cef69ea30f038e5afebed1dc36d655a
Company Overview
We operate natural and organic grocery and dietary supplement stores that are focused on providing high quality products at affordable prices, exceptional customer service, nutrition education and community outreach. We offer a variety of natural and organic groceries and dietary supplements that meet our strict quality standards. We believe we have been at the forefront of the natural and organic foods movement since our founding. We are headquartered in Lakewood, Colorado. As of March 31, 2018, we operated 145 stores in 19 states, including Colorado, Arkansas, Arizona, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, Texas, Utah, Washington and Wyoming. We also operate a bulk food repackaging facility and distribution center in Golden, Colorado.
We offer a variety of natural and organic groceries and dietary supplements that meet our strict quality guidelines. The size of our stores varies from 5,000 to 16,000 selling square feet. During the twelve months ended March 31, 2018, our new stores averaged approximately 11,000 selling square feet. Our new prototype store has approximately 10,000 square feet of selling space. We anticipate that in the future, a majority of our new stores will use the new prototype layout.
The growth in the organic and natural foods industry and growing consumer interest in health and nutrition have enabled us to continue to open new stores and enter new markets. During the five fiscal years ended September 30, 2017, we increased our store count at a compound annual growth rate of 18.9%. In fiscal year 2017, we opened 14 new stores, and we currently plan to open eight to 10 new stores in fiscal year 2018, five of which opened during the six months ended March 31, 2018. Since March 31, 2018, we have opened one new store in Oregon. As of the date of this report, we have signed leases for eight new stores that we plan to open in fiscal years 2018 and beyond. During fiscal year 2018, we plan to relocate three to four stores. During the six months ended March 31, 2018, we relocated one store.
Performance Highlights
Key highlights of our performance for the three and six months ended March 31, 2018 are discussed briefly below and in further detail throughout this MD&A. Key financial metrics, including, but not limited to, comparable store sales, daily average comparable store sales, mature store sales and daily average mature store sales are defined under the caption "Key Financial Metrics in Our Business," presented later in this MD&A.
? Net sales. Net sales were $215.9 million for the three months ended March 31, 2018, an increase of $23.7 million, or 12.3%, compared to net sales of $192.2 million for the three months ended March 31, 2017. Net sales were $418.4 million for the six months ended March 31, 2018, an increase of $42.6 million, or 11.3%, compared to net sales of $375.8 million for the six months ended March 31, 2017.
? Comparable store sales and daily average comparable store sales. Comparable store sales and daily average comparable store sales for the three months ended March 31, 2018 each increased 7.1% compared to the three months ended March 31, 2017. Comparable store sales and daily average comparable store sales for the six months ended March 31, 2018 each increased 5.9% compared to the six months ended March 31, 2017.
? Mature store sales and daily average mature store sales. Mature store sales and daily average mature store sales for the three months ended March 31, 2018 each increased 4.3% compared to the three months ended March 31, 2017. Mature store sales and daily average mature store sales for the six months ended March 31, 2018 each increased 3.0% compared to the six months ended March 31, 2017.
? Net income. Net income was $3.4 million for the three months ended March 31, 2018, an increase of $0.4 million, or 13.6%, compared to net income of $3.0 million for the three months ended March 31, 2017. Net income was $8.6 million for the six months ended March 31, 2018, an increase of $3.5 million, or 69.8%, compared to net income of $5.1 million for the six months ended March 31, 2017.
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? EBITDA. Earnings before interest, taxes, depreciation and amortization (EBITDA) was $13.1 million for the three months ended March 31, 2018, an increase of $0.2 million, or 1.7%, compared to $12.8 million for the three months ended March 31, 2017. EBITDA was $22.7 million for the six months ended March 31, 2018, a decrease of $1.5 million, or 6.0%, compared to $24.1 million for the six months ended March 31, 2017. EBITDA is not a measure of financial performance under GAAP. Refer to the "Non-GAAP Financial Measures" section in this MD&A for a definition of EBITDA and a reconciliation of net income to EBITDA.
? Liquidity. As of March 31, 2018, cash and cash equivalents was $8.1 million, and there was $29.4 million available for borrowing under our Credit Facility, net of undrawn, issued and outstanding letters of credit of $1.0 million.
? New store growth. We opened three new stores during the three months ended March 31, 2018 and five new stores during the six months ended March 31, 2018. We operated a total of 145 stores as of March 31, 2018. We plan to open a total of eight to 10 new stores in fiscal year 2018, which would result in an annual new store growth rate of 5.7% to 7.1% for fiscal year 2018.
? Store Relocations and Remodels. We relocated one store during the six months ended March 31, 2018; we plan to relocate two to three additional stores during the remainder of fiscal year 2018.
Industry Trends and Economics
We have identified the following recent trends and factors that have impacted and may continue to impact our results of operations and financial condition:
? Impact of broader economic trends. The grocery industry and our sales are affected by general economic conditions, including, but not limited to, consumer spending, the level of disposable consumer income, consumer debt, interest rates, the price of commodities, the political environment and consumer confidence. In this regard, we believe our financial results for the three and six months ended March 31, 2018 reflected improvement in the oil and gas markets we serve, although they generally continue to lag behind our non-oil and gas markets.
? Opportunities in the growing natural and organic grocery and dietary supplements industry. Our industry, which includes organic and natural foods and dietary supplements, continues to experience growth driven primarily by increased public interest in health and nutrition. Capitalizing on this opportunity, we continue to open new stores and enter new markets. As we open new stores, our results of operations have been and may continue to be materially adversely affected based on the timing and number of new stores we open, their initial sales and new lease costs. The length of time it takes for a new store to become profitable can vary depending on a number of factors, including location, competition, a new market versus an existing market, the strength of store management and general economic conditions. Once a new store is open, it typically grows at a faster rate than mature stores for several years. Mature stores are stores that have been open for any part of five fiscal years or longer.
As we expand across the United States and enter markets where consumers may not be as familiar with our brand, we seek to secure prime real estate locations for our stores to establish greater visibility with consumers in those markets. This strategy has resulted in higher lease costs, and we anticipate these increased costs will continue for the foreseeable future. Our financial results for the three and six months ended March 31, 2018 reflect the effects of these factors, and we anticipate future periods will be similarly impacted.
Our performance is also impacted by trends regarding natural and organic products, dietary supplements and at-home meal preparation. Consumer preferences towards dietary supplements or natural and organic food products might shift as a result of, among other things, economic conditions, food safety perceptions, changing consumer choices and the cost of these products. A change in consumer preferences away from our offerings, including those resulting from reductions or changes in our offerings, would have a material adverse effect on our business. Additionally, negative publicity regarding the safety of dietary supplements, product recalls or new or upgraded regulatory standards may adversely affect demand for the products we sell and could result in lower consumer traffic, sales and results of operations.
? Increased Competition. The grocery and dietary supplement retail business is a large, fragmented and highly competitive industry, with few barriers to entry. Our competition varies by market and includes conventional supermarkets such as Kroger and Safeway, mass or discount retailers such as Wal-Mart and Target, natural and gourmet markets such as Whole Foods and The Fresh Market, foreign-based discount retailers such as Aldi and Lidl, specialty food retailers such as Sprouts and Trader Joe's, warehouse clubs such as Sam's Club and Costco, independent health food stores, dietary supplement retailers, drug stores, farmers' markets, food co-ops, online retailers such as Amazon, meal delivery services and multi-level marketers. Competition in the grocery industry is likely to intensify, and shopping dynamics may shift, as a result of, among other things, Amazon's acquisition of Whole Foods in August 2017, the plans of Aldi and Lidl to expand their presence in the United States and the expanding availability of grocery ordering, pick-up and delivery options. These businesses compete with us on the basis of price, selection, quality, customer service, shopping experience, ease of ordering and delivery or any combination of these or other factors. They also compete with us for products and locations. In addition, some of our competitors are expanding to offer a greater range of natural and organic foods. We believe our commitment to carrying only carefully vetted, affordably priced and high-quality natural and organic products and dietary supplements, as well as our focus on providing nutritional education, differentiate us in the industry and provide a competitive advantage. In addition, we face internally generated competition when we open new stores in markets we already serve.
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Outlook
We believe there are several key factors that have contributed to our success and will enable us to increase our comparable store sales and continue to expand profitably. These factors include a loyal customer base, increasing transaction count and/or basket size, growing consumer interest in nutrition and wellness, a differentiated shopping experience that focuses on customer service, nutrition education and a shopper friendly retail environment, and our focus on high quality, affordable natural and organic groceries and dietary supplements.
We plan for the foreseeable future to continue opening new stores and entering new markets. The rate of new store growth in the foreseeable future is expected to moderate somewhat compared to recent years, depending on economic and business conditions and other factors. During the past few years, we have expanded our infrastructure to enable us to support our continued unit growth. This has included implementing our enterprise resource planning system, hiring key personnel, developing efficient new store opening construction and operations processes and relocating and expanding our bulk food repackaging facility and distribution center. In addition, we have taken a number of actions in recent years which we believe have enhanced customer loyalty and increased customer engagement, including redesigning our website (www.naturalgrocers.com), enhancing digital and social media presence, and introducing the {N}power(R) customer appreciation program at all of our stores.
We believe there are opportunities for us to continue to expand our store base, expand profitability and increase comparable store sales. However, future sales growth, including comparable store sales, and our profitability could vary due to increasing competitive conditions in the natural and organic grocery and dietary supplement industry and regional and general economic conditions. As we continue to expand our store base, we believe there are opportunities for increased leverage in costs, such as administrative expenses, as well as increased economies of scale in sourcing products. However, due to our commitment to providing high-quality products at affordable prices and increased competition, such sourcing economies and efficiencies at our bulk food repackaging facility and distribution center may not be reflected in our gross margin in the near term. In addition, our ability to leverage costs may be limited due to the fixed nature of our rent obligations and related occupancy expenses.
Our operating results may be affected by the above-described factors as well as a variety of other internal and external factors and trends described more fully in Item 1A - "Risk Factors" in our Form 10-K and Item 1A - "Risk Factors" in this Form 10-Q.
Key Financial Metrics in Our Business
In assessing our performance, we consider a variety of performance and financial measures. The key measures are as follows:
Net sales
Our net sales are comprised of gross sales net of discounts, in-house coupons and returns and allowances. In comparing net sales between periods, we monitor the following:
? Change in comparable store sales. We begin to include sales from a store in comparable store sales on the first day of the thirteenth full month following the store's opening. We monitor the percentage change in comparable store sales by comparing sales from all stores in our comparable store base for a reporting period against sales from the same stores for the same number of operating months in the comparable reporting period of the prior year. When a store that is included in comparable store sales is remodeled or relocated, we continue to consider sales from that store to be comparable store sales. Our comparable store sales data may not be presented on the same basis as our competitors. We use the term "new stores" to refer to stores that have been open for less than thirteen months.
? Change in daily average comparable store sales. Daily average comparable store sales are comparable store sales divided by the number of selling days in each period. We use this metric to remove the effect of differences in the number of selling days we are open during the comparable periods (for example, as a result of leap years or the Easter holiday shift between quarters).
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? Change in mature store sales. We begin to include sales from a store in mature store sales after the store has been open for any part of five fiscal years (for example, our mature stores for fiscal year 2018 are stores that opened during or before fiscal year 2013). We monitor the percentage change in mature store sales by comparing sales from all stores in our mature store base for a reporting period against sales from the same stores for the same number of operating months in the comparable reporting period of the prior year. When a store that is included in mature store sales is remodeled or relocated, we continue to consider sales from that store to be mature store sales. Our mature store sales data may not be presented on the same basis as our competitors.
? Change in daily average mature store sales. Daily average mature store sales are mature store sales divided by the number of selling days in each period. We use this metric to remove the effect of differences in the number of selling days during the comparable periods (for example, as a result of leap years or the Easter holiday shift between quarters).
? Transaction count. Transaction count represents the number of transactions reported at our stores during the period and includes transactions that are voided, return transactions and exchange transactions.
? Average transaction size. Average transaction size, or basket size, is calculated by dividing net sales by transaction count for a given time period. We use this metric to track the trends in average dollars spent in our stores per customer transaction.
Cost of goods sold and occupancy costs
Our cost of goods sold and occupancy costs include the cost of inventory sold during the period (net of discounts and allowances), shipping and handling costs, distribution and supply chain costs (including the costs of our bulk food repackaging facility), buying costs, shrink expense and store occupancy costs. Store occupancy costs include rent, common area maintenance and real estate taxes. Depreciation expense included in cost of goods sold relates to depreciation of assets directly used at our bulk food repackaging facility. The components of our cost of goods sold and occupancy costs may not be identical to those of our competitors, and as a result, our cost of goods sold and occupancy costs data included in this Form 10-Q may not be identical to those of our competitors, and may not be comparable to similar data made available by our competitors. Occupancy costs as a percentage of sales typically decrease as new stores mature and increase sales. Rent payments for leases classified as capital and financing lease obligations are not recorded in cost of goods sold and occupancy costs. Rather, these rent payments are recognized as a reduction of the related obligations and as interest expense. Additionally, depreciation expense related to the capitalized asset is recorded in store expenses.
Gross profit and gross margin
Gross profit is equal to our net sales less our cost of goods sold and occupancy costs. Gross margin is gross profit as a percentage of net sales. Gross margin is impacted by changes in retail prices, product costs, occupancy costs and the mix of products sold, as well as the rate at which we open new stores.
Store expenses
Store expenses consist of store level expenses, such as salary and benefits, share-based compensation, supplies, utilities, depreciation, advertising, bank credit card charges and other related costs associated with operations and purchasing support. Depreciation expense included in store expenses relates to depreciation for assets directly used at the stores, including depreciation on capitalized real estate leases, land improvements, leasehold improvements, fixtures and equipment and computer hardware and software. Additionally, store expenses include any gain or loss recorded on the disposal of fixed assets, primarily related to store relocations. The majority of store expenses consist of labor-related expenses, which we closely manage and which trend closely with sales. Labor-related expenses as a percentage of sales tend to be higher at new stores compared to comparable stores, as new stores require a minimum level of staffing in order to maintain adequate levels of customer service combined with lower sales. As new stores increase their sales, labor-related expenses as a percentage of sales typically decrease.
Administrative expenses
Administrative expenses consist of home office-related expenses, such as salary and benefits, share-based compensation, office supplies, hardware and software expenses, depreciation and amortization expense, occupancy costs (including rent, common area maintenance, real estate taxes and utilities), professional services expenses, expenses associated with being a public company, and other general and administrative expenses. Depreciation expense included in administrative expenses relates to depreciation for assets directly used at the home office including depreciation on land improvements, leasehold improvements, fixtures and equipment and computer hardware and software.
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Pre-opening and relocation expenses
Pre-opening and relocation expenses may include rent expense, salaries, advertising, supplies and other miscellaneous costs incurred prior to the store opening. Rent expense is generally incurred from one to four months prior to a store's opening date for store leases classified as operating. For store leases classified as capital or financing leases, no pre-opening rent expense is recognized. Other pre-opening and relocation expenses are generally incurred in the 60 days prior to the store opening. Certain advertising and promotional costs associated with opening a new store may be incurred both before and after the store opens. All pre-opening and relocation costs are expensed as incurred.
Operating income
Operating income consists of gross profit less store expenses, administrative expenses and pre-opening and relocation expenses. Operating income can be impacted by a number of factors, including the timing of new store openings and store relocations, whether or not a store lease is classified as an operating, capital or financing lease, as well as fluctuations in store expenses and administrative expenses. The amount of time it takes for new stores to become profitable can vary depending on a number of factors, including location, competition, a new market versus an existing market and the strength of store management.
Interest expense
Interest expense consists of the interest associated with capital and financing lease obligations and interest we incur on outstanding indebtedness, including under our Credit Facility, all net of capitalized interest.
Results of Operations The following table presents key components of our results of operations expressed as a percentage of net sales for the periods presented: Three months ended Six months ended March 31, March 31, 2018 2017 2018 2017 Statements of Income Data:* Net sales 100.0 % 100.0 100.0 100.0 Cost of goods sold and occupancy costs 73.0 71.8 73.4 71.7 Gross profit 27.0 28.2 26.6 28.3 Store expenses 21.5 22.1 21.9 22.4 Administrative expenses 2.5 2.6 2.6 2.6 Pre-opening and relocation expenses 0.3 0.7 0.3 0.7 Operating income 2.6 2.9 1.9 2.6 Interest expense, net (0.5 ) (0.5 ) (0.5 ) (0.5 ) Income before income taxes 2.1 2.4 1.3 2.1 (Provision for) benefit from income taxes (0.5 ) (0.9 ) 0.7 (0.7 ) Net income 1.6 % 1.6 2.1 1.3 __________________________
Number of stores at end of period 145 135 145 135 Number of stores opened during the period 3 4 5 9 Total store unit count increase period over period 7.4 % 20.5 7.4 20.5 Change in comparable store sales 7.1 (1.7 ) 5.9 (1.2 ) Change in daily average comparable store sales 7.1 (1.7 ) 5.9 (1.2 ) Change in mature store sales 4.3 (3.1 ) 3.0 (2.7 ) Change in daily average mature store sales 4.3 (3.1 ) 3.0 (2.7 )
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Three months ended March 31, 2018 compared to the three months ended March 31, 2017
The following table summarizes our results of operations and other operating data for the periods presented, dollars in thousands:
Three months ended March 31, Change In 2018 2017 Dollars Percent Statements of Income Data: Net sales $ 215,911 192,203 23,708 12.3 % Cost of goods sold and occupancy costs 157,630 138,045 19,585 14.2 Gross profit 58,281 54,158 4,123 7.6 Store expenses 46,480 42,400 4,080 9.6 Administrative expenses 5,458 4,959 499 10.1 Pre-opening and relocation expenses 697 1,284 (587 ) (45.7 ) Operating income 5,646 5,515 131 2.4 Interest expense, net (1,122 ) (879 ) (243 ) 27.6 Income before income taxes 4,524 4,636 (112 ) (2.4 ) Provision for income taxes (1,120 ) (1,640 ) (520 ) (31.7 ) Net income $ 3,404 2,996 408 13.6
Net sales
Net sales increased $23.7 million, or 12.3%, to $215.9 million for the three months ended March 31, 2018 compared to $192.2 million for the three months ended March 31, 2017, primarily due to a $13.5 million increase in comparable store sales and a $10.2 million increase in new store sales. Daily average comparable store sales increased 7.1% for the three months ended March 31, 2018 compared to the three months ended March 31, 2017. The daily average comparable store sales increase resulted from a 5.0% increase in daily average transaction count and a 2.0% increase in average transaction size. Comparable store average transaction size was $35.79 for the three months ended March 31, 2018. Daily average mature store sales increased 4.3% for the three months ended March 31, 2018 compared to the three months ended March 31, 2017. The increase in comparable store sales during the three months ended March 31, 2018 was primarily driven by several marketing initiatives and promotional pricing campaigns. In addition, we believe the increase in comparable store sales during the three months ended March 31, 2018 reflected enhanced focus on leadership, training, and improved operating processes in our stores.
Gross profit
Gross profit increased $4.1 million, or 7.6%, to $58.3 million for the three months ended March 31, 2018 compared to $54.2 million for the three months ended March 31, 2017, primarily driven by an increase in the number of comparable stores. Gross margin decreased to 27.0% for the three months ended March 31, 2018 from 28.2% for the three months ended March 31, 2017. Product margin as a . . .
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How to earn Bitcoin?

Overview - Table of Contents Introduction to Earning in Bitcoin Work for Bitcoin Sell for Bitcoin Affiliate Programs Gambling Bitcoin Mining Hardware Mining Cloud Mining Introduction to Earning in Bitcoin Bitcoin is the most popular digital currency in the world today. Bitcoin cloud mining is the fastest way to immediately begin earning bitcoins. Bitcoin is built using very complicated cryptographic principles, and supported by countless individuals and companies from all around the world. By early 2016, total Bitcoin market capitalization had crossed USD 7 Billion, making it almost as valuable as the GDP of a small country like Bahamas. All the other digital currencies together do not constitute even 20% of Bitcoin’s market capitalization, underlining the its dominance and importance in the world of digital currencies.
With such a huge amount of world’s capital available in the form of Bitcoins, the number and types of opportunities to earn in bitcoins are increasing by the day. In this article we will discuss such opportunities that help us earn bitcoins.
We will start with the easiest, or the one that is applicable for the maximum number of people, and then move to the tougher ones. In the end we will cover earning bitcoins by mining. Bitcoin mining is not an easy way to earn bitcoins, but we do have a number of easier ones we will discuss first. So lets start with ‘earning bitcoins by offering your services’
Work for Bitcoin Perhaps the easiest way to earn bitcoins is to work online or in real life for bitcoins. Because of the huge size of the bitcoin eco-system, a number of such opportunities and jobs are available. With Billions of dollars invested in Bitcoin by tens of thousands of people, there is a real market in Bitcoin, where you can find jobs for freelancers, software developers, writers, and others who get paid in bitcoins for their services.
Software development, writing, design, making websites or apps, audio transcription, are some of the most active types of jobs. You can easily discover the types of jobs by going over the more popular job boards for bitcoin related work. The following job boards or forums are some of the best places to look for such jobs or gigs.
Freelancing
XBTfreelancer Cryptogrind Bitlancerr Coinality Bitgigs Jobs4Bitcoins Rein Project Crypto Jobs List Market Places
OpenBazaar Purse.io Bitify /bitmarket 21 Market Video Streaming
Watchmybit Streamium.io Tasks
Bitasker BitforTip WillPayCoin File/Image Sharing
Supload.com SatoshiBox JoyStream Advertising
CoinAd A-ads Coinzilla.io Also, check BitcoinGames for ideas on earning bitcoin and blockchain game assets.
Sell for bitcoin You can also get Bitcoin by selling your old laptops, phones or other items for Bitcoins. Such types of transactions are happening more and more, and a lot of buyers are already buying anything from iPhones to even cars by paying with Bitcoins. For Americans, Craigslist.com is your best bet when you want to find such buyers. You can mention in your ad that you are willing to take payment in Bitcoin. This way if anyone wants to buy the item for you for Bitcoin, they can contact you and make an offer. The same principle applies to other online marketplaces such as gumtree for UK, kijiji for canda etc.
Affiliate Programs Affiliate programs allow a promoter of a business or product to earn money or bitcoins by refering new clients to such businesses or products. For example, amazon.com has a popular affiliate program, where you can earn commission ranging from 2% to 20% for refering clients to products listed on amazon.com. Amazon normally pays in dollars, but there are a number of other sites and businesses which pay you in bitcoin for acting as their affiliate.
Some of the more popular affiliate programs that pay out in Bitcoin are by the sites: cex.io, coinbase.com, okcoin.com and namecheap.com, among others. You can find a larger list of such affiliate programs on the bitcoin wiki page for Affiliates.
Gambling We do not recommend gambling for every player or every user; we find that gambling is only suitable for people who know how to win at it. However, if you are one of such lucky users who have some tricks up their sleeves, and can manage to win at games such as poker, then you will find that earning bitcoins is not that hard.
One of the many applications of bitcoin since the very beginning have been in betting games or gambling. Because of the relative anonymity of bitcoin, and the lower fees, it is very suitable for gambling related applications. Indeed, one such game, satoshiDICE, has been running since 2012, and has paid out a huge number of bitcoins in innumerable transactions to its winners. There are many such games, which you can find be googling.
If you want to gamble totally anonymously, you can play gambling or betting games that are available only on darknet or .onion sites. Such sites allow you to browse them anonymous by operating on the tor network, which is a secure network that allows users to browse .onion websites without exposing their own IP address.
Bitcoin Mining For each block that is added to the Bitcoin Blockchain, a number of bitcoins are rewarded to the creater of that block. This reward is currently, as of June 2016, 25 bitcoins per block, and it halves every four years. The next halving will be in July 2016. Creating or finding the new blocks, and therefore winning the reward of 25 bitcoins for each block you create, is called bitcoin mining. To do bitcoin mining successfully, you need very powerful computers, which compete with other computers to find the next block. The speed or power of computer that do bitcoin mining is calculated in hashes calculated per second.
There are two ways to do bitcoin mining: one is to own hardware or computers that do the mining, and second is to hire the hardware from a third party, usually online, and do the mining on the cloud. Let us discuss the advantages and disadvantages of both in next two sections.
Hardware Mining When you own the hardware that does the calculations and mining of bitcoins, its called hardware mining. Hardware mining is the more popular or prevalent of the two types of mining we mentioned. One of the biggest factors which comes into play when doing bitcoin mining using your own hardware is the price of electricity. If you pay top price for electricity, then bitcoin mining may not be your cup of tea. Another related factor is infrastructure needed to cool the hardware; since every cpu generates some amount of heat, you may need to cool the hardware in case they become too heated. No wonder that some of the most successful miners work from China, specially Tibet, where they can get cheap electricity, and their cooling costs are low due to high altitude which reduces the ambient temperature for them.
For a more in-depth information on how to setup your hardware mining equipment, have a look at the Antminer setup page.
Currently, based on (1) price per hash and (2) electrical efficiency the best Bitcoin miner options are:
AntMiner S7 AntMiner S7 Bitcoin Miner 4.73 Th/s 0.25 W/Gh 8.8 pounds Yes $479.95 AntMiner S7 Bitcoin Miner 0.1645
AntMiner S9 AntMiner S9 Bitcoin Miner 13.5 Th/s 0.098 W/Gh 8.1 pounds Yes $1,987.95 AntMiner S9 Bitcoin Miner 0.3603
Avalon6 Avalon6 Bitcoin Miner 3.5 Th/s 0.29 W/Gh 9.5 pounds No $499.95 Avalon6 Bitcoin Miner 0.1232 Cloud Mining There are a number of service providers that allow you to rent computational hardware from them, which can then be used to do bitcon mining. Some of these services are designed with bitcoin mining in mind, whereas others such as Amazon AWS are general purpose services that can also be used to do bitcoin mining.
Some of the cloud mining services which can be used to do bitcoin mining on the cloud are:
Hashflare Review: Hashflare offers SHA-256 mining contracts and more profitable SHA-256 coins can be mined while automatic payouts are still in BTC. Customers must purchase at least 10 GH/s.
Genesis Mining Review: Genesis Mining is the largest Bitcoin and scrypt cloud mining provider. Genesis Mining offers three Bitcoin cloud mining plans that are reasonably priced. Zcash mining contracts are also available.
Hashing 24 Review: Hashing24 has been involved with Bitcoin mining since 2012. They have facilities in Iceland and Georgia. They use modern ASIC chips from BitFury deliver the maximum performance and efficiency possible.
Minex Review: Minex is an innovative aggregator of blockchain projects presented in an economic simulation game format. Users purchase Cloudpacks which can then be used to build an index from pre-picked sets of cloud mining farms, lotteries, casinos, real-world markets and much more.
Minergate Review: Offers both pool and merged mining and cloud mining services for Bitcoin.
Hashnest Review: Hashnest is operated by Bitmain, the producer of the Antminer line of Bitcoin miners. HashNest currently has over 600 Antminer S7s for rent. You can view the most up-to-date pricing and availability on Hashnest's website. At the time of writing one Antminer S7's hash rate can be rented for $1,200.
Bitcoin Cloud Mining Review: Currently all Bitcoin Cloud Mining contracts are sold out.
NiceHash Review: NiceHash is unique in that it uses an orderbook to match mining contract buyers and sellers. Check its website for up-to-date prices.
Eobot Review: Start cloud mining Bitcoin with as little as $10. Eobot claims customers can break even in 14 months.
MineOnCloud Review: MineOnCloud currently has about 35 TH/s of mining equipment for rent in the cloud. Some miners available for rent include AntMiner S4s and S5s.
Written by Bitcoin Mining on May 4, 2016.
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How Much Can You Make Mining Bitcoin With 6X 1080 Ti ... Intro to 21.co - Part 1 - Install the Software The Amazon That Accepts Bitcoin (BTC), Company: Bitplaza Inc How Does Bitcoin Work? - YouTube How to mine $1,000,000 of Bitcoin using just a laptop ...

Amazon's Choice for "Bitcoin Mining Hardware" ASROCK H110 PRO BTC+ Intel H110 1151 ATX Designed for Crypto Mining 1 x PCIe3.0 x16 12 x PCIe2.0 x1 - (Components > Motherboards) 4.1 out of 5 stars 362 The 21 Bitcoin Computer is the first computer with native hardware and software support for the Bitcoin protocol. That means the hardware to mine a stream of small amounts of bitcoin for development purposes, and the software to make that bitcoin useful for buying and selling digital goods. Developers use the 21 Bitcoin Computer to quickly add Bitcoin-based monetization to any app, service, or ... 21 Bitcoin Computer. The 21 Bitcoin Computer isn’t the typical USB Bitcoin miner. It does, however, plugin to your computer via USB. In terms of $ / hash rate, it’s not a very good choice. But since it’s still technically a USB miner we have included it in this list. If you’re not impressed, we don’t blame you! USB Bitcoin mining was ... Computer Angebote Laptops Tablets Desktop-PCs PC-Gaming Computer-Zubehör Komponenten Monitore Drucker Bestseller Software Computer Willkommen im Computer-Shop bei Amazon.de. Amazon.com: bitcoin. Skip to main content.us. All Hello, Sign in. Account & Lists Account Returns & Orders. Try Prime. Cart Hello Select your address Holiday Deals Gift Cards Best Sellers Customer Service New Releases AmazonBasics Whole Foods Free Shipping Registry Sell Coupons #FoundItOnAmazon Shopper Toolkit Find a Gift Disability Customer Support. Shop deals before they're gone. 1-16 of ...

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How Much Can You Make Mining Bitcoin With 6X 1080 Ti ...

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