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Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?

Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?
Can the early success of major crypto exchanges propel them to winning the broader consumer finance market?
https://reddit.com/link/i48t4q/video/v4eo10gom7f51/player
This is the first part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this powerful technology to reach the masses. We believe a crypto-native company, like Genesis Block, will become the bank of the future.
In an earlier series, Crypto-Powered, we laid out arguments for why crypto-native companies have a huge edge in the market. When you consider both the broad spectrum of financial use-cases and the enormous value unlocked through these DeFi protocols, you can see just how big of an unfair advantage blockchain tech becomes for companies who truly understand and leverage it. Traditional banks and fintech unicorns simply won’t be able to keep up.
The power players of consumer finance in the 21st century will be crypto-native companies who build with blockchain technology at their core.
The crypto landscape is still nascent. We’re still very much in the fragmented, unbundled phase of the industry lifecycle. Beyond what Genesis Block is doing, there are signs of other companies slowly starting to bundle financial services into what could be an all-in-one bank replacement.
So the key question that this series hopes to answer:
Which crypto-native company will successfully become the bank of the future?
We obviously think Genesis Block is well-positioned to win. But we certainly aren’t the only game in town. In this series, we’ll be doing an analysis of who is most capable of thwarting our efforts. We’ll look at categories like crypto exchanges, crypto wallets, centralized lending & borrowing services, and crypto debit card companies. Each category will have its own dedicated post.
Today we’re analyzing big crypto exchanges. The two companies we’ll focus on today are Coinbase (biggest American exchange) and Binance (biggest global exchange). They are the top two exchanges in terms of Bitcoin trading volume. They are in pole position to winning this market — they have a huge existing userbase and strong financial resources.
Will Coinbase or Binance become the bank of the future? Can their early success propel them to winning the broader consumer finance market? Is their growth too far ahead for anyone else to catch up? Let’s dive in.
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Binance

The most formidable exchange on the global stage is Binance (Crunchbase). All signs suggest they have significantly more users and a stronger balance sheet than Coinbase. No other exchange is executing as aggressively and relentlessly as Binance is. The cadence at which they are shipping and launching new products is nothing short of impressive. As Tushar Jain from Multicoin argues, Binance is Blitzscaling.
Here are some of the products that they’ve launched in the last 18 months. Only a few are announced but still pre-launch.
Binance is well-positioned to become the crypto-powered, all-in-one, bundled solution for financial services. They already have so many of the pieces. But the key question is:
Can they create a cohesive & united product experience?

Binance Weaknesses

Binance is strong, but they do have a few major weaknesses that could slow them down.
  1. Traders & Speculators Binance is currently very geared for speculators, traders, and financial professionals. Their bread-and-butter is trading (spot, margin, options, futures). Their UI is littered with depth charts, order books, candlesticks, and other financial concepts that are beyond the reach of most normal consumers. Their product today is not at all tailored for the broader consumer market. Given Binance’s popularity and strength among the pro audience, it’s unlikely that they will dumb down or simplify their product any time soon. That would jeopardize their core business. Binance will likely need an entirely new product/brand to go beyond the pro user crowd. That will take time (or an acquisition). So the question remains, is Binance even interested in the broader consumer market? Or will they continue to focus on their core product, the one-stop-shop for pro crypto traders?
  2. Controversies & Hot Water Binance has had a number of controversies. No one seems to know where they are based — so what regulatory agencies can hold them accountable? Last year, some sensitive, private user data got leaked. When they announced their debit card program, they had to remove mentions of Visa quickly after. And though the “police raid” story proved to be untrue, there are still a lot of questions about what happened with their Shanghai office shut down (where there is smoke, there is fire). If any company has had a “move fast and break things” attitude, it is Binance. That attitude has served them well so far but as they try to do business in more regulated countries like America, this will make their road much more difficult — especially in the consumer market where trust takes a long time to earn, but can be destroyed in an instant. This is perhaps why the Binance US product is an empty shell when compared to their main global product.
  3. Disjointed Product Experience Because Binance has so many different teams launching so many different services, their core product is increasingly feeling disjointed and disconnected. Many of the new features are sloppily integrated with each other. There’s no cohesive product experience. This is one of the downsides of executing and shipping at their relentless pace. For example, users don’t have a single wallet that shows their balances. Depending on if the user wants to do spot trading, margin, futures, or savings… the user needs to constantly be transferring their assets from one wallet to another. It’s not a unified, frictionless, simple user experience. This is one major downside of the “move fast and break things” approach.
  4. BNB token Binance raised $15M in a 2017 ICO by selling their $BNB token. The current market cap of $BNB is worth more than $2.6B. Financially this token has served them well. However, given how BNB works (for example, their token burn), there are a lot of open questions as to how BNB will be treated with US security laws. Their Binance US product so far is treading very lightly with its use of BNB. Their token could become a liability for Binance as it enters more regulated markets. Whether the crypto community likes it or not, until regulators get caught up and understand the power of decentralized technology, tokens will still be a regulatory burden — especially for anything that touches consumers.
  5. Binance Chain & Smart Contract Platform Binance is launching its own smart contract platform soon. Based on compatibility choices, they have their sights aimed at the Ethereum developer community. It’s unclear how easy it’ll be to convince developers to move to Binance chain. Most of the current developer energy and momentum around smart contracts is with Ethereum. Because Binance now has their own horse in the race, it’s unlikely they will ever decide to leverage Ethereum’s DeFi protocols. This could likely be a major strategic mistake — and hubris that goes a step too far. Binance will be pushing and promoting protocols on their own platform. The major risk of being all-in on their own platform is that they miss having a seat on the Ethereum rocket ship — specifically the growth of DeFi use-cases and the enormous value that can be unlocked. Integrating with Ethereum’s protocols would be either admitting defeat of their own platform or competing directly against themselves.

Binance Wrap Up

I don’t believe Binance is likely to succeed with a homegrown product aimed at the consumer finance market. Their current product — which is focused heavily on professional traders and speculators — is unlikely to become the bank of the future. If they wanted to enter the broader consumer market, I believe it’s much more likely that they will acquire a company that is getting early traction. They are not afraid to make acquisitions (Trust, JEX, WazirX, DappReview, BxB, CoinMarketCap, Swipe).
However, never count CZ out. He is a hustler. Binance is executing so aggressively and relentlessly that they will always be on the shortlist of major contenders.
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Coinbase

The crypto-native company that I believe is more likely to become the bank of the future is Coinbase (crunchbase). Their dominance in America could serve as a springboard to winning the West (Binance has a stronger foothold in Asia). Coinbase has more than 30M users. Their exchange business is a money-printing machine. They have a solid reputation as it relates to compliance and working with regulators. Their CEO is a longtime member of the crypto community. They are rumored to be going public soon.

Coinbase Strengths

Let’s look at what makes them strong and a likely contender for winning the broader consumer finance market.
  1. Different Audience, Different Experience Coinbase has been smart to create a unique product experience for each audience — the pro speculator crowd and the common retail user. Their simple consumer version is at Coinbase.com. That’s the default. Their product for the more sophisticated traders and speculators is at Coinbase Pro (formerly GDAX). Unlike Binance, Coinbase can slowly build out the bank of the future for the broad consumer market while still having a home for their hardcore crypto traders. They aren’t afraid to have different experiences for different audiences.
  2. Brand & Design Coinbase has a strong product design team. Their brand is capable of going beyond the male-dominated crypto audience. Their product is clean and simple — much more consumer-friendly than Binance. It’s clear they spend a lot of time thinking about their user experience. Interacting directly with crypto can sometimes be rough and raw (especially for n00bs). When I was at Mainframe we hosted a panel about Crypto UX challenges at the DevCon4 Dapp Awards. Connie Yang (Head of Design at Coinbase) was on the panel. She was impressive. Some of their design philosophies will bode well as they push to reach the broader consumer finance market.
  3. USDC Stablecoin Coinbase (along with Circle) launched USDC. We’ve shared some stats about its impressive growth when we discussed DeFi use-cases. USDC is quickly becoming integrated with most DeFi protocols. As a result, Coinbase is getting a front-row seat at some of the most exciting things happening in decentralized finance. As Coinbase builds its knowledge and networks around these protocols, it could put them in a favorable position to unlock incredible value for their users.
  4. Early Signs of Bundling Though Coinbase has nowhere near as many products & services as Binance, they are slowly starting to add more financial services that may appeal to the broader market. They are now letting depositors earn interest on USDC (also DAI & Tezos). In the UK they are piloting a debit card. Users can now invest in crypto with dollar-cost-averaging. It’s not much, but it’s a start. You can start to see hints of a more bundled solution around financial services.

Coinbase Weaknesses

Let’s now look at some things that could hold them back.
  1. Slow Cadence In the fast-paced world of crypto, and especially when compared to Binance, Coinbase does not ship very many new products very often. This is perhaps their greatest weakness. Smaller, more nimble startups may run circles around them. They were smart to launch Coinbase Ventures where tey invest in early-stage startups. They can now keep an ear to the ground on innovation. Perhaps their cadence is normal for a company of their size — but the Binance pace creates quite the contrast.
  2. Lack of Innovation When you consider the previous point (slow cadence), it’s unclear if Coinbase is capable of building and launching new products that are built internally. Most of their new products have come through acquisitions. Their Earn.com acquisition is what led to their Earn educational product. Their acquisition of Xapo helped bolster their institutional custody offering. They acqui-hired a team to help launch their staking infrastructure. Their acquisition of Cipher Browser became an important part of Coinbase Wallet. And recently, they acquired Tagomi — a crypto prime brokerage. Perhaps most of Coinbase’s team is just focused on improving their golden goose, their exchange business. It’s unclear. But the jury is still out on if they can successfully innovate internally and launch any homegrown products.
  3. Talent Exodus There have been numerous reports of executive turmoil at Coinbase. It raises a lot of questions about company culture and vision. Some of the executives who departed include COO Asiff Hirji, CTO Balaji Srinivasan, VP & GM Adam White, VP Eng Tim Wagner, VP Product Jeremy Henrickson, Sr Dir of Eng Namrata Ganatra, VP of Intl Biz Dan Romero, Dir of Inst Sales Christine Sandler, Head of Trading Hunter Merghart, Dir Data Science Soups Ranjan, Policy Lead Mike Lempres, Sr Compliance Vaishali Mehta. Many of these folks didn’t stay with Coinbase very long. We don’t know exactly why it’s happening —but when you consider a few of my first points (slow cadence, lack of innovation), you have to wonder if it’s all related.
  4. Institutional Focus As a company, we are a Coinbase client. We love their institutional offering. It’s clear they’ve been investing a lot in this area. A recent Coinbase blog post made it clear that this has been a focus: “Over the past 12 months, Coinbase has been laser-focused on building out the types of features and services that our institutional customers need.” Their Tagomi acquisition only re-enforced this focus. Perhaps this is why their consumer product has felt so neglected. They’ve been heavily investing in their institutional services since May 2018. For a company that’s getting very close to an IPO, it makes sense that they’d focus on areas that present strong revenue opportunities — as they do with institutional clients. Even for big companies like Coinbase, it’s hard to have a split focus. If they are “laser-focused” on the institutional audience, it’s unlikely they’ll be launching any major consumer products anytime soon.

Coinbase Wrap Up

At Genesis Block, we‘re proud to be working with Coinbase. They are a fantastic company. However, I don’t believe that they’ll succeed in building their own product for the broader consumer finance market. While they have incredible design, there are no signs that they are focused on or capable of internally building this type of product.
Similar to Binance, I think it’s far more likely that Coinbase acquires a promising young startup with strong growth.

Honorable Mentions

Other US-based exchanges worth mentioning are Kraken, Gemini, and Bittrex. So far we’ve seen very few signs that any of them will aggressively attack broader consumer finance. Most are going in the way of Binance — listing more assets and adding more pro tools like margin and futures trading. And many, like Coinbase, are trying to attract more institutional customers. For example, Gemini with their custody product.

Wrap Up

Coinbase and Binance have huge war chests and massive reach. For that alone, they should always be considered threats to Genesis Block. However, their products are very, very different than the product we’re building. And their approach is very different as well. They are trying to educate and onboard people into crypto. At Genesis Block, we believe the masses shouldn’t need to know or care about it. We did an entire series about this, Spreading Crypto.
Most everyone needs banking — whether it be to borrow, spend, invest, earn interest, etc. Not everyone needs a crypto exchange. For non-crypto consumers (the mass market), the differences between a bank and a crypto exchange are immense. Companies like Binance and Coinbase make a lot of money on their crypto exchange business. It would be really difficult, gutsy, and risky for any of them to completely change their narrative, messaging, and product to focus on the broader consumer market. I don’t believe they would ever risk biting the hand that feeds them.
In summary, as it relates to a digital bank aimed at the mass market, I believe both Coinbase and Binance are much more likely to acquire a startup in this space than they are to build it themselves. And I think they would want to keep the brand/product distinct and separate from their core crypto exchange business.
So back to the original question, is Coinbase and Binance a threat to Genesis Block? Not really. Not today. But they could be, and for that, we want to stay close to them.
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Large-scale updates of Tkeycoin. What’s next? — listing on the crypto exchange. Are you with us?

Large-scale updates of Tkeycoin. What’s next? — listing on the crypto exchange. Are you with us?

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Hello, everyone, It’s been a long time since you heard our team, someone thought we were gone, someone was waiting, and someone disappeared himself.
All this time we have worked hard to bring you good news. We will tell you what we have prepared for you, what events will be soon, what you can use right now and what else will be new in the year. And so, let’s go!

Preparing for listing on the exchange

The pandemic period played into the hands of the entire team and we managed to build beauty in our services. In anticipation of the exchange, the team tidied up the sites and services and connected new tools. First of all, we paid attention to the preparation of all services for a foreign audience, taking into account its mentality.
New sections, localizations, nice things, and much more to ensure the most efficient use of the TKEY resource. In addition to the new tabs, the services that we will talk about in this material, there is a special page for representatives of the exchange with the necessary documentation for listing — https://tkeycoin.com/en/documentation/.

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Full localization

Already today the official website tkeycoin.com available in 5 languages: Russian, English, Korean, Chinese (Simplified), Chinese (Traditional).

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We made adjustments to the Russian and English versions of the site, including support for Korean and Chinese for each section of the site. Professionals in their field, native speakers translated and adapted the information as it should be, and we, in turn, structured and framed it properly. So welcome!

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We will update language support for the site, and soon it will include support for all languages that are available in the mobile app.

QR Codes for Asian Audience


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Our friends and residents of Asian countries actively use QR codes in their lives, both when paying in stores and when working with websites. QR codes are used almost everywhere when renting a car or bike, we just open the phone, scan and the mode of transport becomes available for use, anything is available for rent, even a battery, even an umbrella.
“It was a hot May day. Seven-year-old Wang Jiaozui came out of school and saw his grandfather, who came to pick him up. He was standing in the sun, and his shirt was soaked with sweat. Jiaozui invited the grandfather to buy a cold Cola in the shop, but he forgot her purse at home. It turned out that this is not important — the boy took his grandfather’s smartphone and called the payment app with a QR code on the screen.” ©
What to say if QR codes are used even to identify entire farms. By pasting QR codes on farm buildings and then scanning them, government inspectors can quickly figure out who owns the building and whether its owners are violating any laws.

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We must be on the trend! Now a special library generates QR codes for the desired page, any tab on the site tkeycoin.com in Chinese and Korean-accompanied by a QR code that leads to the requested page: fast, convenient, and simple.
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Providing this opportunity to our colleagues and future users of Tkeycoin from Asia is a friendly approach and most importantly, a strategic step on our part. After implementing QR codes, we are undoubtedly drawn into the convenience of this function, which we recommend to You:) If you like it, we will make QR codes on the Russian and English versions of the site.

Buying and withdrawing cryptocurrency to a Bankcard


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On the site, you can now buy Bitcoin for pound, dollars, euro, and any other currency. This is a powerful automated service for instant exchange of fiat currencies for cryptocurrencies. The system works around the clock and seven days a week, allowing everyone to conduct exchanges at any time of the day and in the shortest possible time.
Withdrawal to a Bank card will be available until the end of the month, we finish the details, the page is available now, and the withdrawal itself will be activated during this week. You can buy Bitcoin, Ethereum, or any other currency right now.

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These features are the future for the function of purchasing any product or service for TKEY at any point of sale, which will form the basis of the mobile app, quickly, conveniently, and most importantly, observing the letter of the law.
All we do is build an Empire that is being built before your eyes. Every service and product is connected, so any update promises the appearance of even more cool and effective features than before.

Buying cryptocurrency for pound, dollars, euros, and other currencies

At the end of February, we told you that we are working on building a payment service that will include the provision of services: buy cryptocurrencies, sell a cryptocurrency, withdraw cryptocurrency to Bank cards, etc.
This day has come, now you can buy Bitcoin (BTC), Ethereum (ETH), Tether USDT, Basic Attention Token (BAT), Algorand (ALGO), Tron (TRX), OKB (Token Okex.com).

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The purchase is available in any currency: Russian ruble, US Dollar, Euro, British pound, Ukrainian hryvnia, Indonesian rupiah, South Korean won, Japanese yen, Turkish Lira, Argentine peso.
As you can see, the currency corridors are quite extensive, which allows you to make exchanges fast and at a favorable rate. Just choose the right pair to exchange or buy, available fiat currencies: RUB, USD, EUR, GBP, UAH, IDR, KRW, JPY, TRY, ARS, available cryptocurrencies: BTC, ETH, BAT, USDT, ALGO, TRX, OKB.
Even if this wide list does not include the currency you want to buy, such as Bitcoin or USDT, it’s okay — the service will automatically convert your currency into the payment currency and the Bank will make the exchange. Exchanges take place within 1–3 minutes, it is enough to pass quick verification once, which allows you to work with a volume of > 15,000 euros per month.

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Exchange of cryptocurrencies for pound, dollars, euros, and withdrawal of Bankcard

In addition to the fact that you can now easily buy a cryptocurrency for fiat currencies, pound, dollars or any other, during this week we will finish work on the withdrawal to a Bank card and you can easily withdraw your profit to the card, the most important thing is that this is a completely legal method, and all operations pass through banks and jurisdictions where work with digital assets is legalized.
This means that when you buy or make a withdrawal to the card, you get legal funds that are credited to you by the Bank or payment system.
If you are used to working with effective tools that work in a new way, or rather correctly and legally, then this service is for you. Fast crediting, easy exchange, a large selection of currency pairs, that’s what the company is betting on.
We work with the most reliable third-party partners to make your cryptocurrency process easy and convenient, and most importantly safe for You. The service supports plastic and virtual Bank cards VISA, MasterCard, MIR, and other payment systems for fast payment processing.

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On the exchange page, you can choose any currency pair to exchange in the opposite direction, for example, GBP to BTC or USD to BTC. Choose a suitable pair for exchange, available fiat currencies: RUB, USD, EUR, GBP, UAH, IDR, KRW, JPY, TRY, ARS, available cryptocurrencies for exchange: BTC, ETH, BAT, USDT, ALGO, TRX, OKB.
How it works
When buying cryptocurrency for the first time, your Bank reserves (holds) the requested amount, then this amount is transferred to the authorization waiting state. As soon as the Bank freezes the fiat funds, the service fixes the exchange rate at the time of creating the application, reserves the cryptocurrency, and provides you with 30–40 minutes to complete verification. After successful verification, the service charges cryptocurrency to the wallet.

Quick verification

Verification takes 2–3 minutes and requires only one time to perform operations every day. The “Know Your Customer” (KYC) procedure is necessary to exchange cryptocurrencies for fiat currencies.

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As you understand, you need to pass verification 1 time, regardless of whether you withdraw funds or buy currency, after passing verification, all services are available to You without any further confirmation.

New currency

Support for other currencies, including TKEY, will be added gradually and highlighted through service updates. As for the TKEY exchange, it will become available in exchange services after listing on the exchange. Listing on an exchange allows you to automate the exchange process, link the necessary services, and most importantly, the exchange provides liquidity, which is key when we talk about exchanging for a particular currency.
We will tell you more about the operation of the service and its advantages, chips, in a separate material dedicated to the withdrawal and purchase of cryptocurrencies for fiat currencies, as well as touch on various banking issues and tell you how you can combine the SWAP service for more efficient exchange and withdrawal to the card.

Charitable activity

By making an exchange or purchase of cryptocurrency, you help children and people who need our help. We deduct 0.1% of the profit from each transaction to charity funds.
This is the fastest and most comfortable way of charity, which allows you to bring together people who are not indifferent to other people’s problems. TKEY enables people to do good deeds, and the resulting turnover profit of 0.1% is sent to charity funds every month. Together with You, we create new opportunities for people in need who need help — “Big things have small beginnings”.
How does it work?
You have made an exchange or purchase operation, the company has accumulated the volume of these operations for a month->the company has chosen a charity Fund->sent funds to the charity Fund’s account. Priority charity funds are children’s aid funds. You can always suggest a candidate for a particular Fund by sending a message to [[email protected]](mailto:[email protected]).
Why do we write Funds and not a Fund?
This is the first launch of the service, so depending on the monthly volume, we will focus on distributing funds to one charity or several. For example, if we have accumulated $ 10,000, we can distribute $ 5,000 to 2 funds. if we have accumulated $ 100, it is logical that we will only send this amount to 1 Fund. With the development of the service, we will be able to focus on several funds, which we will actively help due to the received volume.

New sections, improvements for existing services

Menu logic and site structure

The menu logic has been revised. now more items are available on the menu and they are divided into sections. Navigation through the sections has become much easier and more convenient. for some sections, QR codes are available for Russian and English-speaking audiences, and for representatives of Asian countries, all sections are available by QR code.

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TKEYSPACE Promo Page

New blocks were added, the entire page was fully localized and is available in Chinese, Korean, English and Russian, and QR codes were added for easy navigation for the Asian audience.

Documentation for the exchange

We have already mentioned that there is a section for exchanges with the necessary documentation for listing, now it is available in English. In the next updates, it will be translated into Russian, Chinese (Traditional and Simplified), and Korean.

Market Data (Coin Data)

The market data section has been optimized for mobile apps. Charts are expanded and optimized page borders for most mobile devices, and you can search for cryptocurrencies and tokens that interest you.

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FAQ

Added answers to frequently asked questions in various sections of the site, You can find the information directly on the section page, for example, TKEY-QT, SWAP or Core. Right on the page there is a FAQ section, in which we disclose answers to questions, for example: How are You going to solve the scalability problem, or why did you choose Phoenix as the logo and symbol of the project, or how do you exchange cryptocurrency for pound or dollars? As you can see, you can get answers to different questions, depending on the topic of the site section.

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Footer

For convenience, the site’s footer has been expanded and new sections (quick tabs) are included, which are also available in the QR-code format. In addition to various details, the footer is now accompanied by the company’s coat of arms — the Phoenix, which is the symbol of the entire community, the Phoenix Alliance.

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Page 404

Added page 404, which is also an integral part of the site. now when you go to a non-existent site page, all the necessary menu items are fully available to us, which will quickly Orient You and direct you to the desired section.

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What is waiting for us in the nearest future?

In addition to various improvements, connecting services, our team has been working every day on other main areas of the Tkeycoin project, which are already being prepared for the next release and we will tell you what updates, what plans, events, and what else will be interesting this year.

Online conference with management

An online conference in question-answer format will be organized. The main task of the conference, in addition to questions and answers, is to discuss plans, talk about new directions, touch on issues of legislation, and analyze current issues of users.
The online meeting format will allow you to get feedback and discuss a large number of issues in a short time. Questions related to technical support and other questions that can be answered through the administration will not be discussed.
The meeting involves the development, constructive, and suggestions from users for further development of the Tkeycoin project. If you are interested in participating in the conference, you can also make business proposals during it, please use the time to your advantage. We work for you.

New content: reports, new categories, useful information

Based on user feedback, we introduce new categories to our content plan:
Reports This section will be accompanied by information about the work done by the team for the month, the format of submission — abstracts, highlights. This format will help establish feedback between users and developers.
Question-answer
In addition to the content that we produce ourselves, users have questions that arise during the process of working with the project’s services, as well as during interaction with the project itself. To avoid making guesses and making up stories, we have introduced the question-answer category.
Users ask questions in comments, and the company prepares answers based on the questions and they are published in the post. Depending on the number of questions, the post generates all the answers, or the post is divided into parts if the number of questions for the past period was the largest. In addition to asking questions, you can make suggestions to the project, for example, about new features or directions.
This format also builds feedback and helps to improve all services. the most important thing is that it can not only help us but also you, as the offer and questions will help you focus on the tasks that the end-user wants to see.

TKEY-POOL (Tkeycoin pool)

We are completing the work and debugging of the official pool for Tkeycoin, this is a completely new approach for mining Tkeycoin. The pool will feature higher performance and stable architecture, a light interface, and objective commissions.
A pool is a highly loaded system that works 24/7/365, it turns out that such a product hides a sufficient number of lines of code and, most importantly, is built on a reliable architecture that can withstand +50000–100000 miners, not to mention the number of connected devices for this number of miners.
A cryptocurrency pool is a combination of the hardware power of many miners at once to increase the probability of finding a block. The reward for a block obtained by the pool is distributed among all participants.
The TKEY pool is developed taking into account the features of the Tkeycoin blockchain, including multi-blockchain, transaction model, hashing, blocks, and other nuances that are an upgrade of the blockchain among others. Together with the pool, the TKEY network is being tested: high loads, attacks, and other tests that show positive results, proving that the TKEY blockchain can work under any loads and is protected from attacks.
Our task was to: 1. Stable system for handling high loads; 2. Adaptation pool for any software; 3. Connecting any hardware for mining cryptocurrency Tkeycoin; 4. Fair remuneration calculation; 5. Security.
The main goal is for any user, regardless of the software and hardware used, to be able to connect to Tkeycoin mining via a pool. The first releases will be accompanied by a simple user-friendly interface, easy connection, instructions for various mining programs that can be connected.
In future releases, we will optimize the operation of the pool, add new features, as well as tracking functions and other nice things. any suggestions from miners and the community are interesting to us and will be implemented, so do not hesitate to send your suggestions after the launch.

TKEYSPACE updates


https://preview.redd.it/fjy2dkanwe151.png?width=700&format=png&auto=webp&s=99dedd6aa59ae7eb4d585d2ef1ddae4cc6dd50f9
Work on the TkeySpace mobile app is also not standing still. We will soon release updates for TkeySpace on Android and iOS.
This release is a complete transition to the most stable version of the mobile wallet. This means that after the update, even with the largest changes, the user will not need to completely reinstall or restore to use the new features, as before, just update the app via the AppStore or GooglePlay.
Between the previous update has been a sufficient amount of time, on average, updates are released once a month. This update will be one of the major ones. We are finishing work on the code to prepare the app for the new features that will be available this year. Besides, we are improving the app’s logic, data processing speed, optimizing the code, restoring order, and preparing for the global market.

Exchange, purchase of cryptocurrency and withdrawal to the Debit/Credit Card


https://preview.redd.it/1maxjrqowe151.png?width=700&format=png&auto=webp&s=cefd5bf1ec823049eeb25640c470024a41c0430c
In addition to pleasant optimizations, the app will display the exchange and withdrawal to a Bankcard, tab with an optimized page for exchange, withdrawal, and the purchase will be available directly in the mobile app. This upgrade will also capture the cryptocurrency exchange SWAP page, which can be evaluated after the update. Other features and new features will be announced by the developers immediately after the release.

SWAP Update

The development team is finishing work on optimizing the SWAP service. Regardless of updates, it is available in working mode 24/7/365. The team is working on improving the operation, optimizing the page, changing the interfaces, improving navigation, and speeding up query processing. This update is also among the upcoming ones, along with the pool, mobile wallets, and other news that will excite.

Network Statistics

In the network statistics section, there are several sections that will be fixed — this is the hash rate of the network and the volume of Tkeycoin. Now the volume of Tkeycoin is displayed by mTKEY, and the graph itself indicates M TKEY, the user may incorrectly understand the volume of transactions in the network, so, given the current volume, it is advisable to switch the display to TKEY, and in the future switch to mTKEY for large volumes.
TKEY is divided into cryptograms (CryptoGramm, cgr), uTKEY (keys), and mTKEY. 1 TKEY = 100 000 000 cryptograms. 1 mTKEY = 100,000 cryptograms. 1 TKEY contains 1000 mTKEY. 1 mTKEY = 0.00100000 TKEY 1 uTKEY =100 cryptograms 1 TKEY contains 1,000,000 utkeys. 1 uTKEY (keys) = 0.00000100 TKEY 1 cgr = 0.00000001 TKEY

Cryptocurrency Exchange

This issue has become the cause of mass discussions, disputes, investigations, the subject of memes, kitchen, and online conversations, that just did not happen, that TKEY is not taken anywhere, someone made guesses that we are waiting for everyone to run away, or TKEY is a world conspiracy and around some actors, you can write a book or shoot a great series, not worse than Breaking Bad.
Jokes, jokes, but the question is serious. Since the 4th quarter of last year, the company has been actively working on the issue of listing, prepared the necessary platform for this, held several meetings, negotiations, released the necessary products, figured out various transfers of funds to the blockchain, worked out many small things, many major issues that were behind the scenes. Everything is ready, and it’s time to start soon. This will be a surprise, believe it or not, and we will meet you on the stock exchanges :)

What other plans does the company have?

Enabling payment at retail outlets

After entering the exchange, we will actively engage in connecting payments to implement them and link them to TKEY. The plan, strategy, and legal component are ready.

Payment development

This implies the development of payments and services that will expand the use of digital currencies in the commercial sphere. Application on the territory of Russia will depend on the Federal law on the CFA, in any case, we plan to analyze the law, after its release, to find a legal way to implement payments based on blockchain and digital assets. Therefore, until the law is released, we are keeping this initiative in the future, and we will work on other jurisdictions that will support it.
We left some plans behind the scenes, because they will make the greatest impact on the market and the value of our asset, and this — likes silence.

What useful materials will be released soon?

How to effectively use the SWAP service together with the exchange and purchase of cryptocurrency from a Bank card?

We will tell you in detail how to use these 2 services, how to save on payments and purchases, how to exchange tokens that are very difficult to exchange, how to quickly get money for them to the card, and much more.

The law CFA

Our opinion about the law of cryptocurrencies in Russia, what to pay attention to, what to prepare for, how to act if there is a complete ban. Let’s talk about legal nuances and banking practices.

TKEY blockchain

In this material, we will talk about the blockchain, analyze the issues of the system, expand the questions on attacks, payment processing, and touch on the system of multiple chains. The article suggests your suggestions, perhaps someone will have ideas that we will implement in the chain.
At the end,
Don’t forget to ask questions in the comments or send suggestions to [[email protected]](mailto:[email protected]) we will be happy to respond and consider your requests for any of our services. Collaboration, feedback, help us make the whole platform better.
Thank you for being with us! Until new meetings, stay tuned for news, updates, because the most unexpected news comes spontaneously.
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

The best DApps, which will likely lead the next phase.

The best DApps, which will likely lead the next phase.
Author: Gamals Ahmed, Business Ambassador

https://images.app.goo.gl/2c9rF5ZqfbjBzb2x6
One of the key themes in 2020 is the rise of decentralized financing (DeFi), a new type of financing that works on decentralized protocols and without the need for financial intermediaries. Lately, the number of DeFi apps has increased significantly, but many have not been seen or heard by many of us.
In this Article I will be building a list of the best DApps, which will likely lead the next phase. DeFi apps can be categorized into different subcategories such as:
  • Finance
  • Exchange
  • Insurance
  • Gambling
  • Social
And much more…
Note: Some of the projects in the report categorized into more than one section in the types of dApps.
The rise of DeFi Bitcoin (BTC) was the first implementation of decentralized financing. It enabled individuals to conduct financial transactions with other individuals without the need for a financial intermediary in the digital age. Bitcoin and similar cryptocurrencies were the first wave of DeFi. The second wave of DeFi was enabled by Ethereum blockchain which added another layer of programmability to the blockchain. Now, at the beginning of 2020, individuals and companies can borrow, lend, trade, invest, exchange and store crypto assets in an unreliable way. In 2020, we can expect the amount of money held in lending protocols to increase as long-term investors diversify into interest-bearing offers, especially if the market fails to rise towards the 2017/18 highs. On the other hand, active crypto traders are becoming increasingly interested in decentralized trading offers. The increasing level of money security offered by decentralized trading platforms should not only see an increase in trading of DApp users, but also in the number of non-custodial trading and exchange platforms available.
Lending: DeFi allows anyone to obtain or provide a loan without third party approval. The vast majority of lending products use common cryptocurrencies such as Ether ($ ETH) to secure outstanding loans through over-collateral. Thanks to the emergence of smart contracts, maintenance margins and interest rates can be programmed directly into a borrowing agreement with liquidations occurring automatically if the account balance falls below the specified collateral. The relative benefit gained from supplying different cryptocurrencies is different for the asset and the underlying platform used.

Compound

Source: https://images.app.goo.gl/SGttwo4JWadHTxYe7
Compound is a money market protocol on the Ethereum blockchain — allowing individuals, institutions, and applications to frictionlessly earn interest on or borrow cryptographic assets without having to negotiate with a counterparty or peer. Each market has a dynamic borrowing interest rate, which floats in real-time as market conditions adjust. Compound focuses on allowing borrowers to take out loans and lenders to provide loans by locking their crypto assets into the protocol. The interest rates paid and received by borrowers and lenders are determined by the supply and demand of each crypto asset. Interest rates are generated with every block mined. Loans can be paid back and locked assets can be withdrawn at any time. While DeFi may seem overwhelming complex to the average individual, Compound prides itself on building a product that is digestible for users of all backgrounds. Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty. Built on top of that principle is cTokens, Compound’s native token that allows users to earn interest on their money while also being able to transfer, trade, and use that money in other applications. OVERVIEW ABOUT COMPOUND PROTOCOL Compound Finance is a San Francisco based company, which raised an $8.2 M seed round in May of 2018, and a $25M Series A round in November of 2019. Financing rounds were lead by industry giants including but not limited to Andressen Horowitz, Polychain Capital, Coinbase Ventures and Bain Capital Ventures, Compound Finance is a sector-leading lending protocol enabling users to lend and borrow popular cryptocurrencies like Ether, Dai and Tether. Compound leverages audited smart contracts responsible for the storage, management, and facilitation of all pooled capital. Users connect to Compound through web3 wallets like MetaMask with all positions being tracked using interest-earning tokens called cTokens.
Compound recently introduced a governance token — COMP. It holds no economic benefits and is solely used to vote on protocol proposals. The distribution of COMP has absolutely exceeded expectations on all fronts. Compound is now the leading DeFi protocol both in terms of Total Value Locked and in terms of COMP’s marketcap relative to other DeFi tokens. COMP was recently listed on Coinbase — the leading US cryptocurrency exchange and has seen strong interest from dozens of other exchanges including futures platforms like FTX. Compound’s new governance system is well underway, with close to close to 10 proposals being passed since it’s launch. What’s unique about COMP’s governance model is that tokenholders can delegate their tokens to an address of their choice. Only those who hold more than 1% of the supply can make new proposals. Besides earning interest on your crypto assets, which is a straightforward process of depositing crypto assets on the platform and receiving cTokens, you can also borrow crypto on Compound. Borrowing crypto assets has the added step of making sure the value of your collateral stays above a minimum amount relative to your loan. Compound and DeFi more broadly wants to help people have more access and control over the money they earn and save. While the project has had its criticisms, the long-term goal of Compound has always been to become fully decentralized over time. The Compound team currently manages the protocol, but they plan to eventually transfer all authority over to a Decentralized Autonomous Organization (DAO) governed by the Compound community. For following the project:
Website: https://compound.finance/
Medium: https://medium.com/compound-finance
Github: https://github.com/compound-finance/compound-protocol
DEXs: Decentralized exchanges allow users to switch their assets without the need to transfer custody of basic collateral. DEXs aim to provide unreliable and interoperable trading across a wide range of trading pairs.

Kyber


Source: https://images.app.goo.gl/sFCUhrgVwvs9ZJEP6
Kyber is a blockchain-based liquidity protocol that allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem. Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps helping to build a world where any token is usable anywhere. Kyber’s ecosystem is growing rapidly. In about a month, the team got an investment and partnered with some of the best projects. ParaFi Capital, a blockchain-focused investment company, has made a strategic purchase of KNC codes. The company will assist the DeFi project by qualifying new clients and improving professional market manufacture. The project’s recent partnerships seem impressive. Includes Chainlink, Chicago DeFi Alliance, and Digifox Wallet.
An important DeFi integration was also made with MakerDAO. KNC can now be used as a DAI warranty. The project has reached a milestone worth $ 1 billion of total turnover since its inception. More importantly, volume on an annual basis is moving and accelerating from $ 70 million in the first year to more than $ 600 million in 2020. Recently five million KNC (about 2.4% of total supply) were burned, improving Kyber’s supply and demand ratio. In July, the Kyber network witnessed a Katalyst upgrade that will improve governance, signature, delegation and structural improvements.
When Katalyst hits the main network, users will be able to either vote directly or delegate tokens to shareholder groups led by either companies like Stake Capital or community members. The KNC used to vote is burned, and in turn, voters get ETH as a reward. This setting creates a model for staking an uncommon contraction for the Kyber network. KyberDAO will facilitate chain governance, like many other projects based on Ethereum. An interesting partnership with xToken has been set up to help less-participating users stake out via xKNC. xKNC automatically makes specific voting decisions, making it easier for users to join and enjoy the return. The pool was created to draw BTC to Curve. Users who do this are eligible for returns in SNX, REN, CRV, and BAL. The more BTC lock on Synthetix, the more liquid it becomes, and the more attractive it is for traders. The project plans to continue expanding its products and move towards more decentralization. Synthetix futures are scheduled to appear on the exchange within a few months. The initial leverage is expected to be 10 to 20 times. The team aims to neglect its central oracle and replace it with one from Chainlink during the second stage of the migration. This will significantly increase the decentralization and flexibility of the platform. For following the project:
Website: https://kyber.network/
Medium: https://blog.kyber.network/
Github: https://github.com/kybernetwork
Derivatives: In traditional finance, a derivative represents a contract where the value is derived from an agreement based on the performance of an underlying asset. There are four main types of derivative contracts: futures, forwards, options, and swaps.

Synthetix

Source: https://images.app.goo.gl/1UsxQ7a3M5veb5sC7
Synthetix is a decentralized artificial asset issuance protocol based on Ethereum. These synthetic assets are guaranteed by the Synthetix Network (SNX) code which enables, upon conclusion of the contract, the release of Synths. This combined collateral model allows users to make transfers between Compound directly with the smart contract, avoiding the need for counterparties. This mechanism solves DEX’s liquidity and sliding issues. Synthetix currently supports artificial banknotes, cryptocurrencies (long and short) and commodities.
SNX holders are encouraged to share their tokens as part of their proportionate percentage of activity fees are paid on Synthetix.Exchange, based on their contribution to the network. It contains three DApp applications for trading, signature and analysis: Exchange (Synths at no cost). Mintr (SNX lock for tuning and fee collection). Synthetix Network Token is a great platform in the ethereum ecosystem that leverages blockchain technology to help bridge the gap between the often mysterious cryptocurrency world and the more realistic world of traditional assets. That is, on the Synthetix network, there are Synths, which are artificial assets that provide exposure to assets such as gold, bitcoin, US dollars, and various stocks such as Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL). The whole idea of these artificial assets is to create shared assets where users benefit from exposure to the assets, without actually owning the asset.
It is a very unique idea, and a promising project in the ethereum landscape. Since it helps bridge the gap between cryptocurrencies and traditional assets, it creates a level of familiarity and value that is often lost in the assets of other digital currencies. This will make Synthetix take his seat in the next stage. On June 15, BitGo announced support for SNX and on June 19, Synthetix announced via blog post that Synthetix, Curve, and Ren “collaborated to launch a new stimulus group to provide liquidity for premium bitcoin on Ethereum”, and said the goal was to “create the most liquid Ethereum — the BTC-based suite available to provide traders with the lowest slippage” In trade between sBTC, renBTC and WBTC. “ For following the project:
Website: https://www.synthetix.io/
Blog: https://blog.synthetix.io/
Github: https://github.com/Synthetixio
Wallets: Wallets are a crucial gateway for interacting with DeFi products. While they commonly vary in their underlying product and asset support, across the board we’ve seen drastic improvements in usability and access thanks to the growing DeFi narrative.

Argent


Source: https://images.app.goo.gl/mYPaWecFfwRqnUTx6
It is the startup for consumer game-changing financial technology, which makes decentralized web access safer and easier. The company has built a smart and easy-to-use mobile wallet for Ethereum, which gives users the ability to easily retrieve their encrypted currencies on the go.
Argent Benefits:
  • Only you control your assets
  • Explore DeFi with one click
  • Easily retrieve and close your wallet
  • The wallet pays gas for in-app features, for example Compound and Maker
The Argent crypto wallet simplifies the process without sacrificing security. It is a type of wallet that allows you to keep cryptographic keys while keeping things simple. The Argent wallet is secured by something called the Guardians. If you lose your phone (and your Argent wallet), just contact your guardians to confirm your identity. Then you can get all your money back on another device. It is a simple and intuitive method that can make cryptocurrency manipulation easier to do without experience. Argent is focused on the Ethereum blockchain and plans to support everything Ethereum has to offer. Of course, you can send and receive ETH. The startup wants to hide the complexity on this front, as it covers transaction fees (gas) for you and gives you usernames. This way, you don’t have to set a transaction fee to make sure it expires. Insurance cooperative Nexus Mutual and Argent Portfolio Provider are planning to offer a range of smart and insurance contracts to keep Argent user money safe from hackers. First, the smart contract is designed to prevent thieves from draining the wallet by temporarily freezing transfers above the daily spending limit for addresses not listed in the user’s whitelist. The user has 24 hours to cancel the frozen transfer — very similar to the bank’s intervention and prevent fraud on the card or similar suspicious activities in the account. By contrast, the default coding state is closer to criticism: once it disappears, it disappears. “We are thinking not only of crypto users but also new users — so the ultimate goal is to duplicate what they get from their bank,” said Itamar Lisuis, one of the founders of Argent. For following the project:
Website: https://www.argent.xyz/
Medium: https://medium.com/argenthq
Github: https://github.com/argentlabs/
Asset Management: With such a vast amount of DeFi products, it’s crucial that tools are in place to better track and manage assets. In line with the permissionless nature of the wider DeFi ecosystem, these assets management projects provide users with the ability to seamlessly track their balances across various tokens, products and services in an intuitive fashion.

InstaDapp

Source: https://images.app.goo.gl/VP9Xwih6VQ1Zmv2E9
It is a smart wallet for DeFi that allows users to seamlessly manage multiple DeFi applications to maximize returns across different protocols in a fraction of the time. With InstaDapp, users can take advantage of industry-leading projects like Compound, MakerDAO and Uniswap in one easy-to-use portal. Instadapp currently supports dapps MakerDAO and Compound DeFi, allowing users to add collateral, borrow, redeem and redeem their collateral on each dapp, as well as refinance debt positions between the two. In addition to its ease of use, InstaDapp also adds additional benefits and use cases for supported projects that are not already supported. The project focuses on making DeFi easier for non-technical users by maintaining a decentralized spirit while stripping many of the confusing terms that many products bring with them.
InstaDapp has launched a one-click and one-transaction solution that allows users to quadruple the COMP Codes they can earn from using quadruple borrowing and lending. A good timing feature for sure, but this kind of simplification is exactly why Instadapp was created. Its goal is to create a simple interface into multiple DeFi applications running on the Ethereum Blockchain and then automate complex interactions in a way that enables users to maximize their profits while reducing transactions and Ethereum gas charges. To use Instadapp you will need Ethereum wallet and you will also have to create what is called Instadapp smart wallet in which token you want to use. For following the project:
Website: https://instadapp.io/
Medium: https://medium.com/instadapp
Github: https://github.com/instadapp
Savings: There are a select few DeFi projects which offer unique and novel ways to earn a return by saving cryptocurrencies. This differs from lending as there is no borrower on the other side of the table.

Dharma

Source: https://images.app.goo.gl/4JhfFNxPfE9oxoqV6
Dharma is an easy-to-use layer above the compound protocol. It introduces new and non-technical users to transaction encryption and allows them to easily borrow or lend in DeFi markets and earn interest in stable currencies. You can start by simply using a debit card. Funds are kept in a non-portfolio portfolio, which constantly earns interest on all of your deposited assets. The value of Dharma’s DeFi lending experience is:
  • Easy entry.
  • Simple wallet.
  • High protection.
  • Depositing and withdrawing banknotes.
Dharma, the prominent DeFi cryptobank bank, has made it extremely easy to bring any Twitter user into the crypto world. Dharma users can send money from the Dharma app by searching for any Twitter handle, setting the required amount, and clicking on one button. The Twitter Dharma Bot account can send a unique notification with a link to download the Dharma mobile app. Senders are encouraged to retweet the notification to ensure that the receiver does not lose it.
To raise money, recipients simply download the Dharma app. After creating a Dharma account, users connect their Twitter account to receive access to the money sent. They can choose to transfer money to US dollars and withdraw to a bank account, or leave DAI in a Dharma account where it will earn interest like all Dharma deposits. The submitted DAI will gain interest even before the receiving user requests it while waiting for the claim. In her ad, Dharma demonstrated a number of ways in which the new social payments feature can be used, including tips for your favorite Twitter personalities, accepting payments for goods or services in a very clear way, charitable donations across borders or transfer payments. The Dharma app is available for both Android and iOS. Dharma and Compound
Dharma generates interest by DAI signing the Compound Protocol. Dharma also appeared in the news recently after the release of a specification outlining a Layer 2 expansion solution allowing the platform to expand to handle current transaction volume 10x, ensuring users can transfer their money quickly even in times of heavy congestion on the Ethereum network. Dharma is developing its “core” and “underwriting” contracts within the company. Underwriting contracts are open source and non-custodian, while each loan contract is closed source. This means that the receiving address contains nodes that interact with a script on a central Dharma server.For following the project:
Website: https://dharma.io/
Medium: https://medium.com/dharma-blog
Github: https://github.com/dharmaprotocol
Insurance: Decentralized insurance protocols allow users to take out policies on smart contracts, funds, or any other cryptocurrencies through pooled funds and reserves.

Nexus Mutual


Source: https://images.app.goo.gl/b7HwB8ifvTXwFhrh6
Nexus Mutual uses blockchain technology to return mutual values to insurance by creating consistent incentives with the smart contract symbol on the Ethereum blockchain. It is built on the Ethchaum blockchain and uses a modular system to aggregate smart Ethereum nodes, allowing to upgrade the system’s logical components without affecting other components.
The way Nexus works is members of the mutual association by purchasing NXM codes that allow them to participate in the decentralized independent organization (DAO). All decisions are voted on by members, who are motivated to pay real claims. It sees plenty of opportunities in a gradual transition of Ethereum to Eth 2.0, which is expected to start later this year. Eth 2.0 moves the network from the power-hungry Proof-of-Consensus (PoW) algorithm to Proof-of-Stake (PoS), a way to sign cryptocurrency in order to keep the network afloat. Having a steady return on signature from the Ether (ETH) can be somewhat compared to the way in which insurance companies invest in the real world the premiums they collect.
By setting a strong set of conditions for Nexus Mutual, anyone will be able to bring in and acquire a new form of risk for mutual coverage — assuming that members are willing to share NXM. With this design, the mutual discretion will be able to expand into much broader fields beyond smart contracts. In addition to defining multi-layered term agreements, Nexus Mutual also has some other advantages needed to achieve this visualization. For following the project:
Website: https://nexusmutual.io/
Medium: https://medium.com/nexus-mutual
Github: https://github.com/NexusMutual
Disclaimer: This report is a study of what is happening in the market at the present time and we do not support or promote any of the mentioned projects or cryptocurrencies. Any descriptions of the jobs and services provided are for information only. We are not responsible for any loss of funds or other damages caused.
Resources:
https://compound.finance/
https://kyber.network/
https://instadapp.io/
https://www.synthetix.io/
https://www.argent.xyz/
https://dharma.io/
https://nexusmutual.io/
submitted by CoinEx_Institution to u/CoinEx_Institution [link] [comments]

Mega FAQ (Or: Please come here for your questions first)

Qbundle Guide (Step by step setup & Bootstrap) https://burstwiki.org/wiki/QBundle
1( I want to mine or activate My account. Where do find the multiple coins?
You only need 1, an outgoing transaction or reward reassignment will set the public key. Get them from:
https://www.reddit.com/burstcoinmining/comments/7q8zve/initial_burstcoin_requests/
Or (Faucet list)
https://faucet.burstpay.net/ (if this is empty, come back later)
http://faucet.burst-coin.es
Or
https://forums.getburst.net/c/new-members-introductions/getting-started-initial-burstcoin-requests
2( I bought coins on Bittrex and want to move to my new wallet, but can't. Why?
Bittrex will only send to accounts with a public key (not a Burst requirement) so see number 1 and either set the name on the account (IF you will not mine) or set the reward recipient to the pool. Either action will enable the account and allow for transfers from Bittrex.
3( I sent coins from Poloniex/anywhere to Bittrex and they don’t show up after a considerable time. Why?
You need to set an unencrypted message on the transaction, informing Bittrex which account to send the funds to (this is in the directions on Bittrex). Did you do this? Contact Bittrex support with all the details and eventually you will get your funds.
4( How much can I make on Burst?
https://explore.burst.cryptoguru.org/tool/calculate
Gives you an average over time assuming a few things like: Average luck/100% uptime/no overlapping/fees on pool/good plot scan time (<20 seconds) if you do not have all of these, you may not see that number.
5( If I use SSD’s would I make more money?
No, it’s 95% capacity and 5% scan time that determine success. More plot area = better deadlines = better chance of forging a block, or better rates from a pool.
6( What is ‘solo’ and ‘pool’ (wasn’t his name Chewbacca?)
Solo is where you attempt to ‘forge’ (mine) a block by yourself; you get 100% of the block reward and fees. But you only receive funds if you forge, no burst for coming in second place.
Pools allow a group of miners to ‘pool’ together their resources and when a miner wins, they give the pool the winnings (this is done by the reward assignment you completed earlier), it is then divided according to different percentages and methods and burst is sent out according to pool rules (minimum pay-out, time, etc.)
7( I have been mining for 2 days and my wallet doesn’t show any Burst WHY?
Mining solo: it is win-or-lose, nothing in between, and wining is luck and plot size. Pool mining: because it costs 1 burst to send burst, the pools have either a time requirement (every X days) or a minimum amount (100 burst +) so you need to research your pool. Some pools allow for you to set the limit (cryptoGuru and similar) to be met before sending
8( How do I see what I have pending?
On CryptoGuru, based pools, it’s the ‘Pending (burst)’ column, other pools, look for the numbers next to your burst ID. One is Paid and the other pending.
9( I’m part of a pool and I forged a block, but I didn’t recieve the total value of the block, why?
A pool has 2 basic numbers that denote the pay-out method, in the format ‘XX-XX’ (i.e. 50-50) The first number is the % paid to the block forger (miner) and the second is the retained value, which is paid to historic ‘shares’ (or, past blocks that the pool didn’t win, but had a miner that was ‘close’ to winning with a good submitted deadline)
Examples of pools:
0-100 (good for <40TB)
20-80 (30-80TB)
50-50 (60-200TB)
80-20 (150-250)
100-0 (solo mine, 150+ TB)
Please note that there is an overlap as this is personal preference and just guidance; a higher historical share value means a smoother pay-out regime, which some people prefer. If fees are not factored in, or are the same on different pools, the pay-out value will be the same over a long enough period.
10( Is XXX model of hard drive good? Which one do you recommend?
CHEAP is best. If you have 2 new hard drives, both covered by warranty, get the one with the lowest cost per TB (expressed as $/TB , calculated by dividing the cost by the number of terabytes) because plot size is KING,
11( How many drives can I have on my machine?
For best performance, you can have up to 2 drives per thread (3 on a new fast AVX2 CPU). So that quad-core core-2-quad can have up to 8 drives, but a more modern i7 with 4 cores + hyper threading can squeeze 8 * 3 or 24 drives. (Performance while scanning will suffer)
12( Can I game while I mine?
Some people have done so, but you cannot have the ‘maximum’ number of drives and play games generally.
13( Can I mine Burst and GPU mine other coins?
Yes, if you CPU Mine Burst.
14( I’m GPU plotting Burst and GPU mining another coin, my plots are being corrupted, why?
My advice is dedicating a GPU to either mining or plotting, don’t try to do both.
15( What is a ‘plot’?
A plot is a file that contains Hashes, these hashes are used to mine burst. A plot is tied to an account, but they can be created (with the same account ID) on other machines and connected back to your miner(s).
16( Where can I trade/buy/sell Burst?
A list of exchanges is maintained on https://www.reddit.com/burstcoin/ (on the right, ‘Exchanges’ tab) the biggest at the moment are Bittrex and Poloniex, some offer direct Fiat-to-Burst purchase (https://indacoin.com for example)
17( Do I have to store my Burst off the exchange?
No, but it’s safer from hackers who target exchanges, if you cannot guarantee the safety or security of your home computer from Trojans etc, then it might be best to leave on an exchange (but enable 2FA security on your account PLEASE!)
18( What security measures can I take to keep my coin safe?
When you create an account, sign out and back in to your wallet (to make sure you have copied the pass phrase correctly) and keep multiple copies of the key (at least one physically printed or written down and in a safe place, better in 2 places) do not disclose the passphrase to anyone. Finally use either a local wallet or a trusted web wallet (please research before using any web wallet)
19( How can I help Burst?
Run a wallet, which will act as a node (or if you’re a programmer, contact the Dev team Bring attention to burst (without ‘shilling’ or trying to get people to buy) And help translate into your local language
Be a productive member of the community and contribute experience and knowledge if you can, or help others get into Burst.
20( Will I get coins on the fork(s) and where will they be?
There will be no new coin, and no new coins to be given/air dropped etc, the forks are upgrades to burst and there will not be a ‘classic’ or ‘new’ burst.
21( Will I need to move my Burst off of the exchange for the fork?
No, your transactions are on the block chain, which will be used on the fork, they will be visible after the move; nothing will need to be done on your side.
22( Where can I read about the progress of Burst and news in general on the community?
There is no finer place than https://www.burstcoin.ist/
23( What are the communities for Burst and the central website?
Main website: https://www.burst-coin.org/
Reddit: https://www.reddit.com/burstcoin and https://www.reddit.com/burstcoinmining/
Burstforum.net: https://www.burstforum.net/
Getburst forum: https://forums.getburst.net/
Official Facebook channel: https://m.facebook.com/groups/398967360565392
(these are the forums that are known to be supporting the current Dev Team)
Other ways to talk to the community:
Discord: https://discordapp.com/invite/RPhpjVv
Telegram (General): https://t.me/burstcoin
Telegram (Mining): https://t.me/BurstCoinMining
24( When will Burst partner up with a company?
Burst is a currency, the USD does not ‘partner up’ with a company, the DEV team will not partner up and give over to special interests.
25( Why is the DEV team anonymous?
They prefer anonymity, as it allows them to work without constant scrutiny and questions unless they wish to engage, plus the aim is for Burst to become a major contender, and this brings issues with security. They will work and produce results, they owe you nothing and if you cannot see the vision they provide then please do not ‘invest’ for short term gain.
26( When moon/Lambo/$100/make me rich?
My crystal ball is still broken, come back to the FAQ later for answer (seriously, this is a coin to hold, if you want to day-trade, good luck to you)
27( How can I better educate myself and learn about Dymaxion?
Read about the Dymaxion here: https://www.reddit.com/burstcoin/wiki/dymaxion
28( My reads are slow, why?
There are many reasons for this, if your computer has a decent spec it’s likely due to USB3 hub issues, or plugging into a USB2 hub, but other reasons can be multiple plots in the same folder, but it’s best to visit the mining subreddit. They can help more than an simple FAQ https://www.reddit.com/burstcoinmining/
29( I have a great idea for Burst (not proof of stake related)?
Awesome! Please discuss with the DEV team on discord https://discordapp.com/invite/RPhpjVv
(Please be aware that this is a public forum, you need to find who to ask/tell)
30( I have a great idea for Burst (Proof of stake related)?
No. if you want a POS, find a POS coin. On the tangle which is being implemented a POS/POW/POC coin can be created, but BURST will always be POC mined. You are welcome to implement a proof of stake coin on this!
31( Will the Dev team burn any coins?
Burst is not an ICO, so any coins will need to be bought to be burnt. You are welcome to donate, but the DEV team have no intention of burning any coins, or increasing the coin cap.
32( When will there be an IOS wallet?
IOS wallet is completed; we are waiting for it to go on the app store. Apple is the delaying factor.
33( Why do overlapping plots matter?
Plots are like collections of lottery tickets (and if only one ticket could win). Having 2 copies is not useful, and it means that you have less coverage of ‘all’ the possible numbers. It’s not good, avoid.
34( My local wallet used to run, I synchronised it before and now it says ‘stopped’. when I start it, it stops after a few seconds, what should I do?
I suggest that you change the database type to portable MariaDB (on Qbundle, at the top, ‘Database’ select, ‘change database’) and then re-import the database from scratch (see 35)
35( Synchronising the block chain is slow and I have the patience of a goldfish. What can I do?
On Qbundle , ‘Database’ select ‘Bootstrap chain’ and make sure the CryptoGuru repository is selected, then ‘start Import’ this will download and quickly stuff the local database (I suggest Portable MariaDB, see 34) (lol, loop)
36( What will the block reward be next month/will the block rewards run out in 6 months?
https://www.ecomine.earth/burstblockreward/ Rewards will carry on into 2026, but transaction fees will be a bigger % by then, and so profitable mining will continue.
37( How can I get started with Burst (wallet/mining/everything) and I need it in a video
https://www.youtube.com/watch?v=LJLhw37Lh_8 Watch and be enlightened.
38( Can I mine on multiple machines with the same account?
Yes, if you want to pool mine this can be done (but be prepared for small issues like reported size being incorrect. Just be sure to keep question 33 in mind.)
39( Why do some of my drives take forever to plot?
Most likely they are SMR drives, it’s best to plot onto another SSD and then move the finished plot/part of a plot across to the SMR drive as this is much quicker. SMR drives are fine on the read, just random writes that are terrible.
So plot an SMR drive quickly, plot to a non SMR or better still SSD drive, in as big a chunk as possible (fewer files better) and move. a version of Xplotter, called Splotter, can do this easily.
https://github.com/NoParamedic/SPlotter
40( I have a great idea; why not get listed on more exchanges!!
Exchanges list coins because of 2 reasons:
  1. Clients email and REQUESTING Burst and provide details like:
    i. https://www.burst-coin.org/information-for-exchanges
  2. The coin pays (often A LOT, seriously we’ve been asked for 50 BTC)
I suggest you speak with your exchange and ask ‘when will they offer Burst?’
41( Do you have a roadmap?
https://www.burst-coin.org/roadmap
42( Why is the price of Burst going up/down/sideways/looping through time?
The price of burst is still quite dependent upon Bitcoin, meaning that if Bitcoin gains, the value of Burst gains, if Bitcoin drops then Burst also drops. If there is news for Burst then we will see something independent of Bitcoin moving. Variations can be because of people buying in bulk or selling in bulk. There are also ‘pump and dump’ schemes that we detest, that can cause spikes in price that have nothing to do with news or Bitcoin, just sad people taking advantage of others.
43( Where is the best place to go with my mining questions?
https://www.reddit.com/burstcoinmining/
or https://t.me/BurstCoinMining
44( What hardware do you advise me to buy, is this computer good?
See question 43 for specific questions on hardware, it depends on so many variables. The ‘best’ in my opinion is a 36 bay Supermicro storage server, usually they have dual 6-core CPU’s and space for 36 drives. No USB cables, plotting and mining monster, anything else, DYOR.
45( Where do you buy your hard drives?
I have bought most from EBay in job lots, and some refurbished drives with short warranties. Everything else I have bought, from Amazon.
46( Can I mine on my Google drive/cloud based storage?
In short: no. If you want to try, and get to maybe 1 TB and then find that your local connection isn’t fast enough, or that shortly after, your account is blocked for various reasons. Please be my guest.
47( Can I mine on my NAS?
Some you can mine with the NAS (if it can run the miner, it can scan locally) but generally they’re not very fast. good for maybe 16 TB? Having a plot on a NAS and mining from another computer depends on the network speed between the NAS and scanning computer. I believe you can scan about 8 TB (maybe a bit more) and keep the scan times to within acceptable, but YMMV.
48( How can I set up a node?
No need to set up a node, just set up a wallet (version 2.0.4) or Qbundle (2.2) and it will do the rest
49( Are the passphrases secured?
I’ll leave the effort to a few people to show how secure a 12-word passphrase is: https://burstforum.net/topic/4766/the-canary-burst-early-warning-system Key point: brute forcing it will be around 13,537,856,339,904,134,474,012,675,034 years.
50( I logged into my account (maybe with a different burst ID) and see no balance!!
I have dealt with this very issue multiple times, and there are only 3 options:
  1. You have typed in the password incorrectly
  2. You have copy-pasted the password incorrectly
  3. You are trying to log into a ‘local wallet’ which the block chain has not finished updating
The last one generally leaves the burst ID the same, but old balances will show. No, this is not a security problem, and yes, windows loves to add spaces after the phrase you enter when copied, and that space is important in getting to your account.
51( Are there channels for my language?
Telegram:
Spanish: https://t.me/burstcoin_es
German: https://t.me/Burstcoinde
Italian: https://t.me/BurstCoinItalia
Forum:
Spanish: https://burst-coin.es/index.php/forum/index
Discord:
Spanish: https://discordapp.com/invite/RaaGna9
Bulgarian: https://discord.gg/r4uzTd
(there are others, please contact me to put up)
52( I am mining in a pool, and it says that my effective capacity is lower than I actually have, why?
  1. If you've not been mining for >48 hours, or just added additional capacity, it will take time.
  2. The value fluctuates (normally, +-5% but can be up to 10% at times)
  3. Read on the ‘Quick info’ tab about adjusting your deadline to compensate for changes i. revisit once a month for best results
  4. If you have overlapping plots it will also be lower so be aware of this (see question 33)
53( What pool should I join?
First of all, read question 9, after you have understood that it depends on the size (and how patient you are) select from the following list: https://www.ecomine.earth/burstpools/
54( What miner to use?
I use Blago’s miner, there are many out there but Blago’s works for me on CPU mining, it can be found in Qbundle.
55( What Wallet to use (I use windows)?
Qbundle: https://github.com/PoC-Consortium/Qbundle/releases/ guide: https://burstwiki.org/wiki/QBundle
56( What Wallet to use (Linux)?
https://package.cryptoguru.org/ for Debian and Ubuntu, for Mac. read:
https://www.ecomine.earth/macoswalletinstallguide/
57( Will i need to 'replot' after POC2 (second fork) happens?
No, there will be a tool which will optimise, but it is not CPU intensive (it basically re-shuffles your plot) and is just IO intensive. You do not need to replot.
TurboPlotter and https://github.com/PoC-Consortium/Utilities/tree/mastepoc1to2.pl are tools that will/can be used to actuate optimization, but PLEASE wait with optimization until after the hard fork.
58( Will the transaction fee always be 1 burst?
No, dynamic fees are coming in the next fork.
submitted by dan_dares to burstcoin [link] [comments]

MinerBox: More than just a new useful tool for cryptocoin miners

MinerBox: More than just a new useful tool for cryptocoin miners
It’s been a long time since mining has become a simple and profitable venture for many cryptocurrency investors — it’s like digging through layers of digital rock, and if all goes well, you are rewarded at the end of your toils. 💰💸
Monitoring this computationally intense process plays a huge role in making it competitive and effective. As the launch of MinerBox marches on, we’re excited to introduce you some of its major features, that will push your mining experience even further forward.
First of all, let’s unpack the word “MinerBox” and give it a brief description👇🏻
MinerBox is a tool, that is designed for cryptocoin miners to make easy control of the mining process. With MinerBox you can remotely monitor multiple mining rigs: view current state and historical data.The major advantage of the app is possibility to notify the users regarding mining speed and workers changes based on predefined alerts. Also you are able to monitor different mining pool accounts in one place.
With MinerBox, you can also check all cryptocurrency current market data, and add alerts to get notified when specific currency value changed.

https://preview.redd.it/1acrdflpywz21.png?width=800&format=png&auto=webp&s=87a88d28c39c41b4f6ebea13851ce9ad8802e967
Now, let’s move forward and shine a light on the app from different angles 📲

Accounts

You can navigate to list of configured accounts from the main menu and also add new ones 👇🏻


https://preview.redd.it/cmkvzy9tywz21.png?width=800&format=png&auto=webp&s=9f9ee2390a3cc36109583d2df385525396910be4
Each pool has specific set of provided data based on pool API`s. Here is the detailed information you can access from your account details:
  • Details — overall information regarding mining speed, workers, mined coins confirmed and unconfirmed balance, valid and invalid shares.
  • Hashrate — representation can be done as a chart for pools which are supporting such API.
  • Payouts — list of transactions with TX ID, balance of mined coin, time stamp, etc.
  • Estimation — estimate earnings based on current mining speed.
  • Alerts — list of configured alerts for mining speed and workers count.
  • Pool info — detailed pool information.

Which mining pools are currently supported?

Bitfly: Flypool Zcash (ZEC / Zcash), Ethermine (ETH / Ethereum), Ethermine ETC (ETC / Ethereum Classic)
MinigPoolHub: All pools (36 pools)
Suprnova: More than 20 pools (Bitcoin Gold, VERGE, Ravencoin, ZENCash, Lbry.io Credits, Decred, Digibyte and others)
MoneroOcean: Monero (XMR)
New pools will be added per request!

Notifications ✅

All received notifications are placed under the respective view, which itself has properly divided tabs by type of notification.


https://preview.redd.it/zphq893zywz21.png?width=800&format=png&auto=webp&s=fa76c4ad8424547de7f8851e5db8b52e217d25f8
Coin Price 💹
The view is designed for real time and historical market data representation.

https://preview.redd.it/iei6is56zwz21.png?width=800&format=png&auto=webp&s=3a68cbdeaca075dbf69ef54fd7bee5481969cc65
Download, enjoy and share your feedback with us!

Download MinerBox from iOS App Store

Download MinerBox from Google Play Store

submitted by minerbox_app to u/minerbox_app [link] [comments]

Subreddit Stats: nyancoins top posts from 2014-01-22 to 2017-12-11 08:32 PDT

Period: 1419.14 days
Submissions Comments
Total 982 13857
Rate (per day) 0.69 9.75
Unique Redditors 223 1038
Combined Score 6770 19579

Top Submitters' Top Submissions

  1. 895 points, 208 submissions: coinaday
    1. Thank You: An interlude for gratitude (11 points, 19 comments)
    2. [community] You are a leader of Nyancoins / Herding Cats: Leading Leaders; Leadership in a Decentralized Community (10 points, 8 comments)
    3. Current Status / What I need to do (9 points, 4 comments)
    4. 1Ɲ >= 1Đ (8 points, 4 comments)
    5. I've got /nyancoin; anyone want to make use of it? (8 points, 13 comments)
    6. Want a NYAN faucet? Try out GetFairShare, a Crypto Universal Basic Income experiment; now with NYAN! (8 points, 3 comments)
    7. [finance] [theory] [first draft] Why NYAN is a great hodler's coin (8 points, 0 comments)
    8. [meta] [misadventures of coinaday] I quit! Okay, I'll stick out the two weeks. ...uh, sure, I'll try out management... ; also being a Good Samaritan feels great (8 points, 2 comments)
    9. I'm ready to give up on life; in which coinaday finally has his full-blown mental breakdown. So long, and thanks for all the rainbows! (7 points, 20 comments)
    10. Learn languages and earn NYAN: I strongly encourage everyone to sign up for (if you haven't already) and use Duolingo! (7 points, 16 comments)
  2. 588 points, 45 submissions: americanpegasus
    1. Fellow kitty-tats: We are making friends over at /dogemarket! They like us, and we should support them in kind! (31 points, 20 comments)
    2. Have you kats seen this!!? We just got mentioned in a Wired article above even Dogecoin! Wow! (30 points, 12 comments)
    3. GAME OF NYANCAT, Episode 4... Thousands of Nyancoins to win this weekend, for free! Choose your kingdom, choose your job, and claim your share of the treasure: Let's make this the biggest game yet! (28 points, 274 comments)
    4. We just passed CatCoin in marketcap: We are in 59th place and officially have lift off! Hold on to your poptarts - here we go! (28 points, 8 comments)
    5. I want to extend a huge thanks to Phecalfeliac who has successfully given us our very own tip bot! (nyantip) Please post in this topic so we can all tip you our thanks (with your own bot). (23 points, 80 comments)
    6. We are going to 500 subscribers this weekend: I guarantee it. Nyancoin has exploded, and I just want you to look at how far you've come in just 7 days. (23 points, 34 comments)
    7. Prepare to play... GAME OF NYANCAT. The Kingdom that wins will split a 1000 Nyancoin bounty, and all players are eligible for random tips. (22 points, 63 comments)
    8. GAME OF NYANCAT, Episode 2 (1/27/14)... Play NOW for free and win free Nyancoins! Every player will get tipped coins, and the Kingdom that wins will split up to a 1,000 NYAN treasure! Let the quest begin! (21 points, 73 comments)
    9. I took care of the vincent21212 & fake Nyancoin subreddit problem. (21 points, 14 comments)
    10. GAME OF NYANCAT, Episode 3 (1/28/14)... Play NOW for free and win free Nyancoins! Every player will get tipped coins, and the Kingdom that wins will split up to a 1,000 NYAN treasure! Let the quest begin! (20 points, 60 comments)
  3. 326 points, 40 submissions: atheistftwins
    1. BEWARE! Crycurex.com may be attempting to add NYAN! (22 points, 8 comments)
    2. Lets make Nyancoin games! Increased bounty size to 40,000 NYAN! (20 points, 59 comments)
    3. In honor of our recent success and becoming the biggest cat-themed coin on reddit, I'm hosting a giveaway and raffle! (15 points, 190 comments)
    4. Lets make a game for Nyancoin! 10,000 NYAN bounty! (14 points, 43 comments)
    5. Dev says Chris and the Nyancat team will begin heavy promotion of the coin soon! What should the community do to support this? (13 points, 4 comments)
    6. It's time for the community to revive this coin. Promotional campaign: 50,000 NYAN bounty! (12 points, 66 comments)
    7. Preparation for KGW: up to 11,000 NYAN giveaway. One person will walk away with 2500 NYAN! (To my knowledge the biggest tip that will have been given away here.) (11 points, 44 comments)
    8. We just passed difficulty of 10! Giving away 10 NYAN to anyone who posts here up to 1000 NYAN! (11 points, 229 comments)
    9. We need more marketing of the coin. (11 points, 21 comments)
    10. Flash NYAN giveaway! Will last 24 hours instead of usual 6. Meta-topic: What kind of giveaway does the community want? (10 points, 42 comments)
  4. 266 points, 33 submissions: braxx1980
    1. new exchange looking for trading pairs... voting NYAN up (19 points, 28 comments)
    2. maybe we need some nyancoin support from deadmau5 and skrillex (16 points, 5 comments)
    3. NYAN now also listed on cryptx.io (14 points, 5 comments)
    4. [idea] why not ask doge 4 water to add NYAN (13 points, 9 comments)
    5. NYANcoin... to boldly go where no NYAN has gone before CYBERSPACE (12 points, 8 comments)
    6. apologies to Joel (easyjo) for the FUD for altoutlet. He is the best. Giving Nyan a chance to his store... THANK YOU JOEL (12 points, 1 comment)
    7. GREAT NEWS: altoutlet.com is going to add us this week (11 points, 3 comments)
    8. TIME IS UP... let's find ourself a new developer (11 points, 9 comments)
    9. We hit COINMARKETCAP (@the moment place 66) (11 points, 18 comments)
    10. CALL OUT TO DEV: give us some status on the work on X11. I'll give you until 1 may. (10 points, 6 comments)
  5. 232 points, 29 submissions: Simcom
    1. More positive press!! The battle over Nyancoin: How a cat meme inspired a cryptocurrency war [TheDailyDot] (22 points, 1 comment)
    2. Nyancoin was just listed on it's first Chinese exchange! (15 points, 8 comments)
    3. How I feel when one of my NYAN tips is rejected. (14 points, 14 comments)
    4. [Giveaway - 2000 NyanCoin for tipping!] Go forth Space Kitties - to the the far reaches of Reddit!! Spread the the gospel of NyanCoin to all you encounter!! (14 points, 162 comments)
    5. Nyancoin is now listed on Cryptsy!!! (13 points, 14 comments)
    6. This was just shared with 3 Million People on Facebook!!! (11 points, 5 comments)
    7. Welcome newcomers! If you haven't done so already - stop by the 1st Official Reddit Giveaway thread for 33.7 free coins! [Repost] (11 points, 1 comment)
    8. Flight Commander Sgt. Fluffy McMeower, reporting for duty. (10 points, 6 comments)
    9. Let's Roll (10 points, 0 comments)
    10. Nyancoin added to the Cryptsy voting list!! VOTE NOW!!!!!! (10 points, 10 comments)
  6. 208 points, 13 submissions: nyancoin
    1. NYANCOIN FIRST OFFICIAL REDDIT GIVEAWAY - 33.7 nyancoins for the first 337 comments! (43 points, 744 comments)
    2. Nyancoin V 1.2 Out Now! Kimoto Gravity Well Implemented! MANDATORY UPDATE (28 points, 28 comments)
    3. Dev Updates (19 points, 14 comments)
    4. Some updates from the dev team (18 points, 22 comments)
    5. [Giveaway] 10 FREE NYANCOINS to the First 1000 Posts! (17 points, 204 comments)
    6. Dev Updates + Kimoto Gravity Well is here! (16 points, 17 comments)
    7. Check out the first Nyancoin promo video! (13 points, 26 comments)
    8. Nyan Cat Store Pre-opening Offer! (13 points, 40 comments)
    9. News and Update on Nyancoin (12 points, 31 comments)
    10. Nyancoin will be switching to X11 Algo! (11 points, 33 comments)
  7. 173 points, 35 submissions: KojoSlayer
    1. NyanCoin Miner v0.06 [Game WIP] (12 points, 19 comments)
    2. Nyancoin Pixel Art In MC (First Attempt!) (8 points, 5 comments)
    3. To Buy All The Nyan On Cryptsy 12.27904283 BTC Or 3004.19 US Dollars (8 points, 9 comments)
    4. New To Nyan & Cryptocurrency (7 points, 13 comments)
    5. Two Faucets?! One Week! This coins is dead I say! (7 points, 32 comments)
    6. [Bounty] 5,000 Nyan, 10,000 Nyan! Faucet! (7 points, 24 comments)
    7. [Hype][Update] Browser based MMORPG accepting Nyancoins. (7 points, 13 comments)
    8. Dice soft launch (6 points, 8 comments)
    9. Meow (6 points, 0 comments)
    10. Miners We Need YOU! (6 points, 20 comments)
  8. 163 points, 2 submissions: nyantip
    1. Hi, I am nyantip. I need karma to function. Upvote me and post something interesting in this thread to be tipped Nyancoin. (104 points, 170 comments)
    2. This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip! (59 points, 99 comments)
  9. 117 points, 15 submissions: sillyputti
    1. I didn't finish this in time for the Game of Nyancat, but better late than never...Nyan Power! (15 points, 27 comments)
    2. Just mined my first 100 Nyan, testing out the tipbot. Come help me tip. (10 points, 101 comments)
    3. Made a tutorial for beginners on mining nyan. Let me know if I can make it better. Thanks. (10 points, 9 comments)
    4. Remember Nekonauts, we have some pretty cool subreddits worth checking out too. (10 points, 10 comments)
    5. Updated the old Java GUI Miner. Try it out and see how it works, may have some use when KGW hits. (10 points, 0 comments)
    6. Guys, guys! I saw nyancoin on the Crypto-Currency chart! (8 points, 10 comments)
    7. Brainstorming and tip session at /nyangaming (7 points, 0 comments)
    8. ELI5: The benefits of being "Officially Licensed" coin are? (7 points, 15 comments)
    9. Found my first block today. Sharing some nyan for new nekonauts. 100 nyan give away. (7 points, 122 comments)
    10. Link to the creating your own faucet (7 points, 5 comments)
  10. 103 points, 17 submissions: OnwardFlying
    1. I'm not into Nyancoins for the money, however... (12 points, 8 comments)
    2. FortyNyaners have a 0% fee, nice layout. I like. (10 points, 3 comments)
    3. Too much hashrate at Nyanmine. Please diversify! (9 points, 8 comments)
    4. IRC @ chat.freenode.net, #Nyancoin (8 points, 1 comment)
    5. The video that started it all! (7 points, 0 comments)
    6. AMD/esp. nVidia miners, get more kh/s from your cards. (6 points, 1 comment)
    7. Coined Up at 5-15 Satoshi again. Quick get your cheap nyan! (6 points, 4 comments)
    8. IRL Nyan Sightings Increase Dramatically - We need your proof they exist! (6 points, 1 comment)
    9. Is it about time we think about a good push for Cryptsy? (6 points, 15 comments)
    10. [Bounty] Create a Nyancoin meme, get 10 nyan per upvote! (6 points, 9 comments)
  11. 98 points, 5 submissions: kiyami
    1. I'm a graphic designer new to nyancoin/reddit and wanted to help out. Hope you like it! (39 points, 35 comments)
    2. Starry Night (25 points, 17 comments)
    3. Cats: Every single one has a God-complex. (19 points, 4 comments)
    4. BRAiN FREEZE (11 points, 10 comments)
    5. wow such ascent, many flap... my four favorite coins together 4ever. Wallpaper! (4 points, 3 comments)
  12. 97 points, 22 submissions: jwflame
    1. Map of Nyancoin Nodes (7 points, 6 comments)
    2. More market weirdness that cannot be explained (7 points, 1 comment)
    3. Cryptopia block explorer gone ? (6 points, 2 comments)
    4. Found another mining pool. (6 points, 3 comments)
    5. NYANSEED is online (6 points, 12 comments)
    6. New block explorer (6 points, 1 comment)
    7. The 3rd exchange returns (6 points, 1 comment)
    8. 'official' website has gone (5 points, 3 comments)
    9. Domains for chain and website (5 points, 8 comments)
    10. Novaexchange closing (5 points, 3 comments)
  13. 89 points, 9 submissions: valcarni
    1. Nyancoin makes SBS Australian news (18 points, 4 comments)
    2. Don't just be a casual nekonaut press subscribe and get this channel up to 500 users (16 points, 5 comments)
    3. We need a new currency exchange (15 points, 13 comments)
    4. Don't know if you all saw this but, Follow The Coin announces how Nyancoin is the first offically licensed cryptocurrency (12 points, 0 comments)
    5. Nyancoin on its way up (12 points, 7 comments)
    6. My first 7.349511 Nyan (5 points, 6 comments)
    7. My contribution to the community - Nyancoin Lotto (4 points, 4 comments)
    8. The value of Nyancoins (4 points, 7 comments)
    9. Just need one more player in Game 1 of Nyancoin Lotto (3 points, 2 comments)
  14. 75 points, 9 submissions: IntelligentComment
    1. Nyan gaining popularity (14 points, 14 comments)
    2. Announcement nyandispenser.tk/faucet has been hacked. Please do not go to that website (12 points, 12 comments)
    3. California passed law making Bitcoins & Other cryptocurrency legal money (11 points, 1 comment)
    4. Official Nyancoin youtube launch video. Millions of dollars spent for production!! (11 points, 3 comments)
    5. Mine as much as you can, the popularity wave is coming (6 points, 6 comments)
    6. Nyan Coin Mining subreddit - New (6 points, 0 comments)
    7. Official Nyancoin catch phrases vote thread! Vote and submit! (6 points, 11 comments)
    8. Post pics of your nyan coin mining rig! (5 points, 21 comments)
    9. How to pronounce Nyan (4 points, 3 comments)
  15. 72 points, 11 submissions: slasherzx
    1. How I describe nyantip bot (12 points, 3 comments)
    2. ASIC scrypt miners incoming! (8 points, 14 comments)
    3. Is our faucet dry? (8 points, 20 comments)
    4. We are back at top 100 in coinmarketcap (8 points, 14 comments)
    5. After KGw, what's next.? (7 points, 6 comments)
    6. Cuckoo cycle a new algo? (7 points, 2 comments)
    7. Lets celebrate KGW implemented! No one is stopping Nyan now! (6 points, 0 comments)
    8. KNC upped the speed from 100mhs to 250mhs.. (4 points, 4 comments)
    9. Scrypt Adaptive-N + Kimoto Gravity (4 points, 22 comments)
    10. moonishere pool owning 50+% of net hashrate (4 points, 0 comments)
  16. 68 points, 7 submissions: petert0th
    1. Shut up and take my nyancoins! (18 points, 24 comments)
    2. Faucet added to 2048nyancoinz! (14 points, 33 comments)
    3. 2048nyancoinz - 2048 game with a lot of nyanz:) (10 points, 8 comments)
    4. Nyan Dice public beta is here! Check it out and tell me what do you think about it! (8 points, 13 comments)
    5. 1000th 2048nyancoinz dispense is coming, 15 to go, 100 nyan bounty for the lucky dispenser. (6 points, 22 comments)
    6. Making 500 nyancoins to almost 4000? Congrats to the first "large multiplier" winner:) (6 points, 0 comments)
    7. NyanDice is almost here! PM me if you want to beta test it. (6 points, 4 comments)
  17. 65 points, 7 submissions: lzr1900
    1. A generous Nekonaut just donated almost 1 BTC to Cryptsy Votes,that made us be the 7th place there.Our community must do something to help our little nyancoin added on Cryptsy,we deserve that!!If 1/5 of Nekonauts(nearly 200) donate 0.01BTC each to Cryptsy will let us achieve this goal! (18 points, 22 comments)
    2. Nekonauts!We hit Coinedup!! (13 points, 14 comments)
    3. WTF!!!Freshmarket.co.in compromised!! (9 points, 10 comments)
    4. Vote Nyan for MintPal!This exchange seems really awesome. (7 points, 4 comments)
    5. 67000 blocks now! KGW working. (6 points, 0 comments)
    6. Aha.Thanks Coinedup.We have NYAN/LTC now.Happy trading:o. (6 points, 4 comments)
    7. I will start a brand new promotion in China recently,include some giveaways,games,etc in the fourms,weibo,QQgroups.Let the Chinese join NYAN!!!We will to da Sapce.Let's do it. (6 points, 10 comments)
  18. 63 points, 9 submissions: nyanstu
    1. Keep voting up NYAN on allcrypt!! http://www.allcrypt.com/beta/voting.php (15 points, 5 comments)
    2. Nekonauts for charity! (10 points, 20 comments)
    3. Let's get writing to publicize NYAN (7 points, 6 comments)
    4. Can someone hook up the price guide to coinedup? (6 points, 10 comments)
    5. Nyancoiners from all over the world... (6 points, 22 comments)
    6. Wikipedia for Nyancoin (6 points, 3 comments)
    7. Cryptsy? (5 points, 3 comments)
    8. Needed: team of brave Nekonauts! (5 points, 10 comments)
    9. Facebook page! (3 points, 9 comments)
  19. 59 points, 8 submissions: dhj0001
    1. Nyan.cat (14 points, 9 comments)
    2. It seems like we've generated some buzz for Nyancoin? (12 points, 5 comments)
    3. Progress of Kimoto Gravity Well? (10 points, 6 comments)
    4. Assistance with NYAN Faucet (6 points, 5 comments)
    5. Official NyanCoin images (5 points, 6 comments)
    6. Why is nyancoin falling? (5 points, 9 comments)
    7. New Nyancoin game up and running! Calling all sprite photoshop guru's for a nyan-themed upgrade! (4 points, 7 comments)
    8. Why do you think Nyancoin is one of the better cryptocurrency? (3 points, 3 comments)
  20. 57 points, 11 submissions: The-Bent
    1. My not quite finished Nyan display for the office (8 points, 11 comments)
    2. Added rainbow to the mining box. (7 points, 5 comments)
    3. My ghetto Nyan mining rig. (7 points, 20 comments)
    4. I got a 3D printer and made some things to help keep my Nyan mining rig cool! (6 points, 17 comments)
    5. Looks like Nyanchain is back up!! (5 points, 5 comments)
    6. So you just received your Moonlander 2, what now? (5 points, 9 comments)
    7. What mining at under 5 megahashes per second gets you. AKA: why I love Nyan! (5 points, 4 comments)
    8. mining rewards on chain.nyan.space (5 points, 5 comments)
    9. FutureBit Moonlander 2 is available. (3 points, 30 comments)
    10. how to node? (3 points, 5 comments)
  21. 52 points, 5 submissions: Rupluttaja
    1. How I feel when I'm drinking coins from a faucet (19 points, 8 comments)
    2. Gravity well should be set to be main priority. (16 points, 26 comments)
    3. And the Devs have left us in the shadows...again Please give the community some updates (7 points, 5 comments)
    4. What God-complex? Nyan is god, it has a halo. (5 points, 0 comments)
    5. What happened to the faucet? (5 points, 6 comments)
  22. 51 points, 7 submissions: slavethewhales
    1. CRYPTSY! (16 points, 2 comments)
    2. How would one go about creating a faucet? (7 points, 5 comments)
    3. Miss you guys (7 points, 7 comments)
    4. 67000 is here! (6 points, 0 comments)
    5. If you have an iPhone, request Nyancoin inclusion in the Coin Ticker app. Just go to Settings, Coin Request, then scroll down to Nyancoin and click the request button on the right. It's a really nice app and would be good exposure to get it in there. (6 points, 2 comments)
    6. A handy crypto converter, NYAN included! (5 points, 2 comments)
    7. Does anyone know how many hits per day the nyancoin faucet website gets? I'm curious about the overall interest in the coin at this point. (4 points, 2 comments)
  23. 46 points, 8 submissions: Snargosoft
    1. Nyan Coin is now 2nd on Cryptsy (10 points, 6 comments)
    2. 12 Hours Of Extra Free Nyan Coins! (8 points, 6 comments)
    3. New Nyan Coin Faucet (8 points, 14 comments)
    4. The New www.NyanCoin.Me (5 points, 10 comments)
    5. How to make a faucet (4 points, 1 comment)
    6. The Nyan Coin Faucet now dispenses Nyan Coins Automatically! (4 points, 6 comments)
    7. www.Nyancoin.Me Has Just Dispensed Their 1000th Coin! (4 points, 2 comments)
    8. Cryptsy Is Only Steps Away! While we are second, Let's Stay Second! Down With XRP (3 points, 2 comments)
  24. 46 points, 6 submissions: MAURO_italy
    1. 3RD AD CAMPAIGN!! LET'EM KNOW WE GOT IN ALTOUTLET! (9 points, 10 comments)
    2. TO THE MOON! (9 points, 9 comments)
    3. [RESURRECT] Advertising campaign! READ ME PLEASE! (9 points, 31 comments)
    4. [GROWING] 2ND AD CAMPAIGN! GET IN!! (8 points, 18 comments)
    5. Have an Happy St. Patrick's Day, Nekonauts! (6 points, 19 comments)
    6. [SUGGESTION] NYAN COINS MOBILE APP (5 points, 4 comments)
  25. 45 points, 7 submissions: jeredye
    1. FortyNyaners.com - New Mining Pool! - 0% FEES + Giaveaway! (10 points, 56 comments)
    2. Fortynyaners.com Pool Fee Increase (8 points, 9 comments)
    3. How to Create Nyancoin Vanity Addresses [Guide] (7 points, 20 comments)
    4. Upgraded Design - FortyNyaners.com - 0% Fee Pool (7 points, 12 comments)
    5. Fortynyaners.com GIVEAWAY #2! 0% Fee Pool - We need more miners! (6 points, 37 comments)
    6. Fortynyaners.com BLOCK FINDER BONUS ENABLED. 10 NYAN bonus per block! (4 points, 9 comments)
    7. FortyNyaners.com - 0% Fee Pool - SITE REDESIGN (3 points, 3 comments)
  26. 45 points, 5 submissions: Codge1
    1. A massive thank you to hu3m4n for your hard work! (13 points, 16 comments)
    2. The package came in today! Great way to start the weekend! (13 points, 3 comments)
    3. Ads running today!? (7 points, 2 comments)
    4. NYAN DICE GAME http://nyan.greendice.cc/ (6 points, 3 comments)
    5. Post here to get us listed on coinmarket.io and get 5 nyan!!! (6 points, 26 comments)
  27. 45 points, 3 submissions: kuoushi
    1. What it looks like drinking from the nyancoin faucet (27 points, 26 comments)
    2. I think I went farther than expected on 2048nyancoinz (11 points, 4 comments)
    3. Just a heads up, I think the nyandispenser.tk faucet was compromised. (7 points, 6 comments)
  28. 44 points, 9 submissions: peanut83
    1. Lets pump up the faucet I just added 20,000 nyan (8 points, 2 comments)
    2. After PoS (7 points, 1 comment)
    3. Stump the Geek (6 points, 4 comments)
    4. Nyancoin supply is almost 90m (5 points, 2 comments)
    5. why has hashrate jumped to 380.61 MH/s ? (5 points, 2 comments)
    6. would this be good for nyan? (4 points, 2 comments)
    7. Ex cryptsy user. I would buy this coin but I don't fancy using cryptopia (3 points, 7 comments)
    8. Nyancoin dirt cheap on cryptsy. (3 points, 4 comments)
    9. dead fb page can we remove? (3 points, 11 comments)
  29. 43 points, 4 submissions: The_Somnambulist
    1. Thank you, americanpegasus for Game of Nyan and all your hard work. (22 points, 12 comments)
    2. Nyancoin wallpaper 2560x1600 (11 points, 9 comments)
    3. Nyancoin giveaway! (6 points, 55 comments)
    4. Nyancoin for science (4 points, 10 comments)
  30. 43 points, 4 submissions: xpliset
    1. Help us get on cryptsy and get 20 free NYAN (17 points, 177 comments)
    2. Help NyanCoin get on another exchange and receive 50 NYAN! (13 points, 131 comments)
    3. www.nyanmine.com running its second promotion (8 points, 6 comments)
    4. Vote for nyancoin on coinpayments (5 points, 5 comments)
  31. 42 points, 7 submissions: snarklasers
    1. Yes, tipnyan is down ATM. (14 points, 7 comments)
    2. Tipping Tuesday; time for original Nyan memes. (7 points, 5 comments)
    3. Recap of what happened last week. :) (6 points, 10 comments)
    4. Network stuck again. Any ideas? (5 points, 37 comments)
    5. Nyancat is now broken. (4 points, 9 comments)
    6. ( ͡° ͜ʖ ͡°) (3 points, 8 comments)
    7. Caturday Contest: Nyan Cat Auditions (3 points, 10 comments)
  32. 39 points, 4 submissions: abyssea
    1. This is how I feel with my NyanCoins :( (18 points, 1 comment)
    2. Just ordered a mining rig and a little nervous! (9 points, 25 comments)
    3. New Miner Setup and Ready! (7 points, 9 comments)
    4. Is something wrong with the Nyancoin Calculator? (5 points, 7 comments)
  33. 39 points, 3 submissions: procrypt
    1. NYAN > USD/GBP/EUBTC/DOGE spreadsheet (21 points, 28 comments)
    2. How I felt when I saw the estimated next difficulty (13 points, 16 comments)
    3. Nyan Tipping etiquette (5 points, 3 comments)
  34. 38 points, 5 submissions: brennancellis
    1. We did it! (10 points, 13 comments)
    2. Here's some nyancoin wallpapers!!! (9 points, 3 comments)
    3. Contest for Nyancoin! (7 points, 10 comments)
    4. Doge did it, so should we! (7 points, 9 comments)
    5. Check out the wiki and see what it needs! (5 points, 4 comments)

Top Commenters

  1. nyantip (2350 points, 1872 comments)
  2. coinaday (1630 points, 1210 comments)
  3. atheistftwins (761 points, 562 comments)
  4. KojoSlayer (668 points, 363 comments)
  5. americanpegasus (560 points, 318 comments)
  6. Simcom (555 points, 374 comments)
  7. tipnyan (409 points, 293 comments)
  8. Phecalfeliac (364 points, 249 comments)
  9. braxx1980 (304 points, 222 comments)
  10. vmp32k (292 points, 159 comments)
  11. sillyputti (281 points, 225 comments)
  12. nyancoin (263 points, 208 comments)
  13. Codge1 (242 points, 149 comments)
  14. shibeseller (232 points, 147 comments)
  15. jwflame (230 points, 115 comments)
  16. OnwardFlying (206 points, 168 comments)
  17. The_Somnambulist (205 points, 155 comments)
  18. xpliset (200 points, 162 comments)
  19. Jybrael (195 points, 121 comments)
  20. The-Bent (189 points, 97 comments)
  21. spydud22 (184 points, 96 comments)
  22. Lufah (171 points, 98 comments)
  23. shinohai_ (166 points, 86 comments)
  24. slasherzx (162 points, 101 comments)
  25. jwinterm (152 points, 89 comments)
  26. snarklasers (148 points, 64 comments)
  27. dhj0001 (133 points, 88 comments)
  28. IntelligentComment (129 points, 93 comments)
  29. Rupluttaja (128 points, 77 comments)
  30. jeredye (122 points, 88 comments)
  31. bendover340 (103 points, 57 comments)
  32. ginger_beer_m (101 points, 72 comments)
  33. UrsaMajorisAlpha (100 points, 73 comments)
  34. EdenSB (95 points, 73 comments)
  35. Exohain (95 points, 59 comments)
  36. valcarni (90 points, 63 comments)
  37. nyanstu (83 points, 65 comments)
  38. procrypt (79 points, 60 comments)
  39. lzr1900 (72 points, 51 comments)
  40. CartmanSPC (71 points, 35 comments)
  41. feyerbrand (70 points, 63 comments)
  42. Snargosoft (69 points, 54 comments)
  43. Larry1123 (66 points, 53 comments)
  44. Dogexecutive (59 points, 32 comments)
  45. MAURO_italy (58 points, 50 comments)
  46. ProHashing (57 points, 24 comments)
  47. kahbn (55 points, 42 comments)
  48. petert0th (53 points, 47 comments)
  49. bl4ckw00d (51 points, 37 comments)
  50. Palladi (51 points, 35 comments)
  51. thorygg (51 points, 35 comments)
  52. RunNyanRun (50 points, 21 comments)
  53. JiveTonto (49 points, 22 comments)
  54. bonoboner (48 points, 30 comments)
  55. FwuffyKittens (46 points, 36 comments)
  56. EricPach (46 points, 34 comments)
  57. SyntheticDarkness (46 points, 34 comments)
  58. iMadeATpyo (46 points, 21 comments)
  59. dbcmaster (45 points, 37 comments)
  60. peanut83 (45 points, 32 comments)
  61. Emm_mm3 (44 points, 35 comments)
  62. scirocco (44 points, 30 comments)
  63. JamesArbuthnotPooley (43 points, 28 comments)
  64. catathon (42 points, 28 comments)

Top Submissions

  1. Hi, I am nyantip. I need karma to function. Upvote me and post something interesting in this thread to be tipped Nyancoin. by nyantip (104 points, 170 comments)
  2. This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip! by nyantip (59 points, 99 comments)
  3. NYANCOIN FIRST OFFICIAL REDDIT GIVEAWAY - 33.7 nyancoins for the first 337 comments! by nyancoin (43 points, 744 comments)
  4. I'm a graphic designer new to nyancoin/reddit and wanted to help out. Hope you like it! by kiyami (39 points, 35 comments)
  5. Hello fellow space-cats! I am the nyantipbot. I'm nothing more than a dream at this point, but you can help make me real! Details inside... by nyantipbot (37 points, 38 comments)
  6. Fellow kitty-tats: We are making friends over at /dogemarket! They like us, and we should support them in kind! by americanpegasus (31 points, 20 comments)
  7. Have you kats seen this!!? We just got mentioned in a Wired article above even Dogecoin! Wow! by americanpegasus (30 points, 12 comments)
  8. GAME OF NYANCAT, Episode 4... Thousands of Nyancoins to win this weekend, for free! Choose your kingdom, choose your job, and claim your share of the treasure: Let's make this the biggest game yet! by americanpegasus (28 points, 274 comments)
  9. Nyancoin V 1.2 Out Now! Kimoto Gravity Well Implemented! MANDATORY UPDATE by nyancoin (28 points, 28 comments)
  10. We just passed CatCoin in marketcap: We are in 59th place and officially have lift off! Hold on to your poptarts - here we go! by americanpegasus (28 points, 8 comments)

Top Comments

  1. 14 points: nyantip's comment in Hi, I am nyantip. I need karma to function. Upvote me and post something interesting in this thread to be tipped Nyancoin.
  2. 14 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  3. 13 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  4. 13 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  5. 12 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  6. 11 points: americanpegasus's comment in I took care of the vincent21212 & fake Nyancoin subreddit problem.
  7. 11 points: nyantip's comment in Hi, I am nyantip. I need karma to function. Upvote me and post something interesting in this thread to be tipped Nyancoin.
  8. 11 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  9. 10 points: atheistftwins's comment in Nyancoin dipping. Shall we check-in about planned promotion and community adoption?
  10. 10 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

I'm still pro-Vert! Traded 1 BTC for 265 VTC today and it felt great, here's why I'm stoked.

This has been a horrific week for crypto currencies. Bad headline after bad headline, and users are acting out of animal-like fear, not from a place of logically weighing the benefits and drawbacks.
This can all be quite scary if you just got in yesterday, or last week. But if you have been closely following the crypto rodeo for a while, this has also all been seen before. And if you know anything about markets in general: the best time to buy is when everyone around you is afraid. That's Warren Buffett's advice, not some guy on Reddit!
And: if you need your 'investment' in a crypto to double or triple by next week in order to pay your rent or feed your children, you're doing it wrong. If that is you, you're a speculator, and speculators get burned sooner or later. Crypto currency rewards early adopters, not early day traders.
Yes, there's a lot more perceived safety when CNBC anchors and well-known investors are telling you Vertcoin is a safe and promising crypto alternative. That safety will come at a steep premium, however. There's a reason why Vert is dirt cheap right now; its survival is not certain, despite a strong initial user community and more than 100,000 downloads of the wallet client within the first month. It's still new, yet the pump and dumpers have already moved onto the next flavor of the week, taking their money with them. Now the coin has to stand on its own. And it's a fantastic coin, in my opinion, which is why I bought more this afternoon. It's the only alt coin for me so far.
I believe in this community, and my only regret re: Vertcoin is that I was #965 or so to discover it on Reddit, and not #1.
Anyone who is in Vert in any meaningful way at this tiny $4.4 million market cap will either lose everything they've put in, or will become Great Gatsby crypto rich. That sounds like "to the moon" naiveté, but it's the only way to portray the early adopter's dilemma that is accurate.
I like many, many things about this coin and I do my research before coming to any conclusions. I like that the creator is a masters student at Johns Hopkins, I like that the developers seem to be real developers and are actively working on incorporating unique new features, I like that this subreddit is filled with positive Doers instead of the nervous price watchers who have flooded the Bitcoin subreddit over the last few months. Skepticism is great, but too much skepticism and cynicism early on can kill a community. Be unafraid. We have a lot to gain, and almost nothing to lose. Fortune really does favor the bold and what took Bitcoin five years could take us five months.
And I like that it's new and tiny. We can shape it into the community we've always wanted and all have a part in building something that will be in the history and economics textbooks in twenty years. No one here is too big or too small to pull up their sleeves and add to Vertcoin. Opportunities to be a part of something like this don't come along often.
The digital photography, viral video, and social media tech revolutions were all fucking appetizers compared to how much wealth and innovation is about to be generated in the US and parts of Europe as a direct result of cryptos gaining public adoption.
My theory, and this is just a theory based on looking at the adoption rates and wild market value flux of Vertcoin since its inception, is that Vertcoin is roughly mimicking the growth curve and panics of Bitcoin, except at a much faster rate. What happens over the course of five or six months in Bitcoin land, seems to happen to us in about seven or eight days. Harsher pullbacks, and faster recovery times. Everything is compressed on Vertcoin's time table because the crypto community is much bigger than it was when Bitcoin started.
I also like the math behind Vertcoin, as I've written about before. I think ASIC-resistance and multi pool resistance may not be selling points to the public today or tomorrow - but within a year it will be huge. We're the crypto with all-wheel drive, but it's summer now, so no one cares which car drives the best on wintery roads (they will).
I think not being pre mined is huge. We are the fairest coin out there, aside from the coins that just give themselves away - those are doomed to failure in almost all cases, because I believe work based scarcity is an essential ingredient in launching a currency into the stratosphere. This is what made silver and gold successful for most of Western history, it's what made Bitcoin so successful, and it's what will make Vertcoin successful in its own right.
I know some people say that proof of work algorithms harm the environment w/ the energy consumption they promote and wouldn't it be nice if everyone automatically got gifted coins by the state... No. It just wouldn't work. People wouldn't want them. Effort is tied into value.
None of us can predict the small twists and turns that take us there over the next couple years, but I'm in Bitcoin and I'm in Vertcoin and I have never felt more alive, never felt more able to see that society is finally changing to catch up to the Internet - and these changes are going to benefit many stakeholders at nearly all levels of human capitalistic society.
It's going to benefit small business owners. It's going to benefit online content creators and independent media. It's going to benefit users, investors, those saving for a rainy day. In fact, it's going to benefit nearly everyone, except for those who fail to adopt it.
Anyone who holds and uses Bitcoin today is on the insane leading edge of humanity. You're still the earliest of early adopters, relatively speaking.
And I believe the Bitcoin network will reward such stakeholders in a big way.
And anyone who mines or uses Vertcoin today is within the leading edge of already leading edge early adopters! So be patient if other people don't want to listen.
I don't believe we'll be bigger than Bitcoin - I think Bitcoin is the Microsoft Windows or Internet Explorer of crypto: the entire world is about to adopt it. Just watch.
Despite this, there's room for an Apple Macintosh OS, there's room for a Linux, for a Mozilla Firefox... I see Vertcoin being one of those types of players within the crypto economy. It can be more beautiful than Bitcoin.
As the Buckminster Fuller quote goes, "When I'm working on a problem, I never think about beauty. I think only how to solve the problem. But when I have finished, if the solution is not beautiful, I know it is wrong."
Vertcoin is a beautiful solution to some problems that haven't even emerged yet, but will. In the meantime, those who are dumping their BTCs and VTCs at fire sale prices - what are you doing? The decisions you make today could echo in your mind for quite a while.
And in a mid term to long term view, the only people who should be panicked are those who own stock in credit card companies, too big to evolve banks, and in enterprises like PayPal. They're selling ice at a time when the icemaker has just been invented.
If you like my ideas on this stuff, I've written more in-depth opinions this week over on Medium.
submitted by DavidSeamanUS to vertcoin [link] [comments]

How to mine bitcoins? What is Cryptomining? solo mining -pool Mining EXPLAINED! #AXT How to mine bitcoin on pc  easiest way The Beginner’s Guide to Bitcoin Part 6: How Bitcoin Works with Shinobi Is Cardano Staking More Profitable Than Bitcoin Mining? Crypto Business Model Comparison! KUCOIN POOL-X STAKING: OVERVIEW, TUTORIAL & STRATEGY IN HINDI

Bitcoin is Secure. Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure. Links. We Use Coins - Learn all about crypto-currency. Bitcoin News - Where the Bitcoin community gets news. The bitcoin reward that miners receive is an incentive which motivates people to assist in the primary purpose of mining: to support, legitimize and monitor the Bitcoin network and its blockchain. Despite recent controversy, Antpool remains the largest Bitcoin mining pool in terms of its Bitcoin network hash rate. Antpool holds roughly 15% of the total hash rate of all Bitcoin mining pools. About Antpool. Antpool mined its first block in March 2014, meaning that it emerged roughly four years after the first mining pool; Slushpool. Crypto mining is the process of using a computer to process cryptocurrency transactions and receive a reward based on that work. Here is a collection of sites that help you determine which coins are currently the most profitable to mine as well as some some simple ways to mine if you have no mining experience at all. Crypto Mining Directory . What ToMine – A site where you can check how ... The Bitcoin software employs an algorithm that increases the difficulty of the work needed as more mining capacity is added to the pool to keep the rate at the current limit that is configured in the software. This means that while the face value of Bitcoin represents a certain worth in terms of labour, this worth is not consistent. There is no fixed ratio between work and coin. More work ...

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How to mine bitcoins? What is Cryptomining? solo mining -pool Mining EXPLAINED! #AXT

In Part 6 of the Bitcoin Beginner’s Guide, I am joined by Shinobi, host of Block Digest. In this episode, we are looking at how the Bitcoin protocol works. We discuss the supply & halvings ... UPDATED VIDEO: https://www.youtube.com/watch?v=x9p7t0stipo THE NEW TWITTER: STOCK POLLS, NEWS, ETC. https://twitter.com/TechCrackHouse_ Pledge $1 and BECOME ... This is what you need to know about Cryptomining.... Cryptomining is all about your Hardware.... you can Solo mine and pool mine too... i also mentioned how ... In this video we discuss the business models between Proof of Work and Proof of Stake. We also go into some of the operational costs involved with each busin... Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted ...

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