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10 Price Predictions for 10 Top Cryptocurrencies — Aug 2018

So, you’re sitting at your computer with money to invest.
You have made some good money already in the market, but you want more.
Cryptocurrencies reached a record **$800 billion in market value** then came crashing back down to earth and sit right around $200-$300 billion today.
The price movement of top currencies remains a mystery. But it doesn’t have to be.

THE PAIN OF UNCERTAINTY

Cryptocurrencies are volatile, irrational beasts.
Simple methods of forecasting grossly oveunderestimate the potential of a volatile currency.
For example, moving averages are used frequently to estimate future prices. Moving averages, however, suffer from many pitfalls that make them poor estimators of volatile markets.
Every great and successful investor has a plan. You will add one more tool to your arsenal today.

A BETTER METHOD FOR ESTIMATING CRYPTO PRICES

In my prior article about estimating the movement of Bitcoin Prices, I spoke of a method that is used frequently in the stock world to estimate prices.
This method is a Monte Carlo simulation using the geometric Brownian motion model.
I won’t cover off on the full methodology here, but essentially I am going to:
  1. Get historical daily prices for 10 top cryptocurrencies
  2. Calculate daily returns
  3. Simulate a day, month, and year
  4. Simulate a day, month, and year 1,000 times each
By the end of the article, you will have the following:
A note on forecasting, simulations, and recommendations: Monte Carlo simulations are to be used as guidelines and tools, not as gospel. I am not offering financial or investing advice.

BITCOIN

What is Bitcoin?

You know what Bitcoin is, stop it.

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Statistics

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
Simulation Statistics

Verdict

In 95% of model simulations, the price of Bitcoin fell between $3,959, and $12,626 with a median of $6,970 over a 1-month time period.

BITCOIN CASH

What is Bitcoin Cash?

From the Bitcoin Cash project website:
“Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.”
Really, it was an additional currency that was created after a fork from Bitcoin core.

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Statistics

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
Simulation Statistics

Verdict

In 95% of model simulations, the price of Bitcoin Cash fell between $253, and $1,501 with a median of $624 over a 1-month time period.

ETHEREUM

What is Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
Ethereum has been busy recently. Multiple steps have been pushed in motion for the upcoming large change — reaching a new consensus method.
From Jordan Daniel at ethnews.com:
Ethereum’s Byzantium hard fork was only one half of a two-part process designed to transition the decentralized application platform to a new method for reaching consensus — proof-of-stake. The next hard fork, called Constantinople, was recently discussed during an Ethereum core developer meeting and could include Vitalik Buterin’s Casper update.

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Statistics

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
Simulation Statistics

Verdict

In 95% of model simulations, the price of Ethereum fell between $200, and $827 with a median of $405 over a 1-month time period.

EOS

What is EOS?

EOS is a blockchain-based, decentralized operating system, designed to support commercial-scale decentralized applications by providing all of the necessary core functionality, enabling businesses to build blockchain applications in a way similar to web-based applications.

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Statistics

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
Simulation Statistics

Verdict

In 95% of model simulations, the price of EOS fell between $2.48, and $19.92 with a median of $6.78 over a 1-month time period.

LITECOIN

What is Litecoin?

Litecoin’s claim to fame is faster transaction processing times. It uses a scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have.
The ability to target regular computers and GPU’s happens to be a huge differentiator from the crowded mining population of Bitcoin.

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Statistics

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
Simulation Statistics

Verdict

In 95% of model simulations, the price of Litecoin fell between $34.45, and $131.88 with a median of $67.53 over a 1-month time period.

RIPPLE

What is Ripple?

Ripple is a system created for banks to enable immediate payments and lower costs.
The vision of the Ripple creators is to allow a bank transfer in a few seconds (instead of the horribly annoying 2–3 business days).
Of note, is that Ripple is a U.S. based company. From the xrphodor blog:
Ripple is a US-based company. Why is this an important point to consider? A US-based company like Ripple is subject to some very stringent laws regarding securities trading and money transmission. These include requirements that define how Ripple might interact with crypto markets and both institutional and retail crypto traders.

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Statistics

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
Simulation Statistics

Verdict

In 95% of model simulations, the price of Ripple fell between $0.13, and $1.05 with a median of $0.37 over a 1-month time period.

STELLAR

What is Stellar?

Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.
XLM is a completely decentralized consensus platform. It is designed to support any type of currency. It has a built in decentralized exchange that can be used to trade any type of currency or asset.

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Statistics

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
Simulation Statistics

Verdict

In 95% of model simulations, the price of Stellar fell between $0.11, and $0.81 with a median of $0.29 over a 1-month time period.

IOTA

What is IOTA?

IOTA is a public distributed ledger that stores transactions in a directed acyclic graph (DAG) structure, called a Tangle. The Tangle is used in place of the blockchain structure commonly used by other cryptocurrencies, such as Bitcoin.
IOTA is a cryptocurrency designed specifically for the Internet of Things (IoT) that can be used for the secure sale and sharing of data streams.

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Statistics

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
Simulation Statistics

Verdict

In 95% of model simulations, the price of IOTA fell between $0.24, and $1.39 with a median of $0.58 over a 1-month time period.

QTUM

What is QTUM?

Qtum is an open source Blockchain project that is developed by the Singapore-based Qtum Foundation. Qtum is a hybrid blockchain application platform.
Qtum’s core technology combines a fork of bitcoin core, an Account Abstraction Layer allowing for multiple Virtual Machines including the Ethereum Virtual Machine (EVM) and Proof-of-Stake consensus aimed at tackling industry use cases.

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Statistics

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
Simulation Statistics

Verdict

In 95% of model simulations, the price of QTUM fell between $1.51, and $15.34 with a median of $4.89 over a 1-month time period.

NEO

What is NEO?

NEO (formerly known as AntShares) is a smart asset platform and the first open source public blockchain project in China. Smart assets are the combination of smart blockchain contracts and digital assets.

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Stats

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
Simulation Statistics

Verdict

In 95% of model simulations, the price of NEO fell between $9.67, and $52.02 with a median of $23.49 over a 1-month time period.

DASH

What is Dash?

From CoinLib:
Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency. On top of Bitcoin’s feature set, it currently offers instant transactions (InstantSend), private transactions (PrivateSend) and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network.
Dash’s decentralized governance and budgeting system makes it a decentralized autonomous organization (DAO).

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Statistics

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
Simulation Statistics

Verdict

In 95% of model simulations, the price of Dash fell between $15.23, and $3,125 with a median of $198 over a 1-month time period.

BONUS: MONERO

What is Monero?

Monero attempts to solve privacy and fungibility issues that persist in Bitcoin.
Part of the algorithm for Monero automatically mixes transactions with previous transactions and does this by implementing ring signatures.

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Stats

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
Simulation Statistics

Verdict

In 95% of model simulations, the price of Monero fell between $24.20, and $508.99 with a median of $115.44 over a 1-month time period.

BONUS: Zcash

What is Zcash?

From the Blockchainhub infographic:
Zcash is a permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Statistics

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
Simulation Statistics

Verdict

In 95% of model simulations, the price of Zcash fell between $49.34, and $419.23 with a median of $147.27 over a 1-month time period.

Bonus: CARDANO

What is Cardano?

From Coincheckup:
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed.

One-Month Simulation

Graph of one-month simulation

One-Month Simulated 1,000 Times

Graph of one-month simulated 1,000 times

Simulation Statistics

Here are the results of simulating Daily, Monthly, and Yearly coin prices 1,000 times each.
[Simulation Statistics}(https://cdn-images-1.medium.com/max/2324/1*aAhJ6BvgGTvHNqESN1dzQw.png)

Verdict

In 95% of model simulations, the price of Cardano fell between $0.04, and $0.42 with a median of $0.13 over a 1-month time period.

YOUR VERY OWN FORECASTING TOOL

Since i’m so nice, I went ahead and created a forecasting tool for you to use.
Example of the workbook in action

SERVICES USED:

  1. Microsoft Excel 2016 for Windows or Mac, or Excel Online
  2. Cryptosheets Excel Add-in
  3. Cryptocompare API
Full disclosure: The Excel add-in has a free tier with a limited 100 requests, and a paid upgrade option past that. However, no one should be refused access on the basis of money (especially true for students and less fortunate). Send me a message, and I will make sure you are not left in the dark.

A NOTE ON SECURITY

Users have expressed hesitation about downloading an Excel workbook on their main computer, so I will attempt to ease those concerns:

WHAT IT PULLS:

GETTING THE SPREADSHEET TO WORK FOR YOU

Click this link to download the workbook
  1. Install the Cryptosheets add-in for Excel
  2. Log-in to Cryptosheets using Google, or your regular e-mail
  3. Upon successful log-in, refresh the Cryptocompare pull

UPDATING TO DIFFERENT CRYPTOCURRENCIES

For a quick demonstration, see here

TROUBLESHOOTING

When I open the add-in, I get a white screen…why? Most likely this is due to an ad blocker (such as uBlock Origin or Bitdefender). On Windows, the add-in relies on Internet Explorer stability to function properly. Make sure nothing is blocking Internet Explorer.
My add-in is stuck in a “Loading” loop…how do I fix it? See the tutorial here to fix: How to fix a loading loop

CONCLUSION

Whether you are investing in Bitcoin, Ethereum, or SpankCoin, it is imperative to have a plan. Most notably, a worst-case scenario.
The Monte Carlo simulation is a fantastic way to get a range of prices for a cryptocurrency. And after reading this, you can see how the final values change drastically depending on what you are looking at.
I urge you to download the sheet and try your own hand at simulating different coins.
Cheers, and happy hunting
Click this link to download the workbook

RELATED POSTS

Financial Modeling for Cryptocurrencies: A CoinMarketCap Spreadsheet That Doesn’t Suck
Introducing Cryptosheets: Real-time Excel Add-in for Cryptocurrencies
submitted by 1kexperimentdotcom to CryptoCurrency [link] [comments]

The Strange Birth & History of Monero, Part IV: Monero "as it is now"

You can read here part III.
You can read this whole story translated into Spanish here
This is part IV, the last but not least.
Monero - A secure, private, untreceable cryptocurrency
https://bitcointalk.org/index.php?topic=583449.0
Notable comments in this thread:
-201: “I would like to offer 1000 MRO to the first person who creates a pool”
(https://bitcointalk.org/index.php?topic=583449.msg6422665#msg6422665)
[tacotime offers bounty to potential pool developer. Bytecoin devs haven’t released any code for pools, and the only existent pool, minergate (in the future related to BCN interests) was closed source]
-256: “Adam back seems to like CryptoNote the better than Zerocash https://twitter.com/adam3us/status/453493394472697856”
(https://bitcointalk.org/index.php?topic=583449.msg6440769#msg6440769)
-264: “update on pools: The NOMP guy (zone117x) is looking to fork his open source software and get a pool going, so one should hopefully be up soon.”
(https://bitcointalk.org/index.php?topic=583449.msg6441302#msg6441302)
-273: “Update on GUI: othe from VertCoin has notified me that he is working on it.”
(https://bitcointalk.org/index.php?topic=583449.msg6442606#msg6442606)
-356: “Everyone wanting a pool, please help raise a bounty with me here:
https://bitcointalk.org/index.php?topic=589533.0
And for the GUI:
https://bitcointalk.org/index.php?topic=589561.0”
(https://bitcointalk.org/index.php?topic=583449.msg6461533#msg6461533)
[5439 MRO + 0.685 BTC + 5728555.555 BCN raised for pool and 1652 XMR, 121345.46695471 BCN for the GUI wallet. Though this wallet was "rejected" as official GUI because wallet still has to be polished before building a GUI]
-437: “Yes, most Windows users should see a higher hashrate with the new build. You can thank NoodleDoodle. ”
(https://bitcointalk.org/index.php?topic=583449.msg6481202#msg6481202)
-446: “Even faster Windows binaries have just been uploaded. Install for more hash power! Once again, it was NoodleDoodle.”
(https://bitcointalk.org/index.php?topic=583449.msg6483680#msg6483680)
-448: “that almost doubled my hashrate again! GREAT STUFF !!!”
(https://bitcointalk.org/index.php?topic=583449.msg6484109#msg6484109)
-461: “Noodle only started optimization today so there may be gains for your CPU in the future.”
(https://bitcointalk.org/index.php?topic=583449.msg6485247#msg6485247)
[First day of miner optimization by NoodleDoodle, it is only May 1st]
-706: “The unstoppable NoodleDoodle has optimized the Windows build again. Hashrate should more than double. Windows is now faster than Linux. :O”
(https://bitcointalk.org/index.php?topic=583449.msg6549444#msg6549444)
-753: “i here tft is no longer part of the project. so is he forking or relaunching bytecoin under new name and new parameters (merged mining with flatter emission curve.) also. what is the end consensus for the emission curve for monero. will it be adjusted."
(https://bitcointalk.org/index.php?topic=583449.msg6561345#msg6561345)
[May, 5th 2014. TFT is launching FANTOMCOIN, a clone coin which its "only" feature was merged mining]
-761: (https://bitcointalk.org/index.php?topic=583449.msg6561941#msg6561941) [May, 5th 2014 – eizh on emission curve and tail emission]
-791: “As promised, I did Russian translation of main topic.”
(https://bitcointalk.org/index.php?topic=583449.msg6565521#msg6565521)
[one among dozens of decentralized and “altruist” collaborators of Monero in minor tasks]
-827: image
(https://bitcointalk.org/index.php?topic=583449.msg6571652#msg6571652)
-853: (https://bitcointalk.org/index.php?topic=583449.msg6575033#msg6575033)
[some are not happy that NoodleDoodle had only released the built binaries, but not the source code]
-950: (https://bitcointalk.org/index.php?topic=583449.msg6593768#msg6593768)
[Rias, an account suspected to be related to the Bytecoin scam, dares to tag Monero as “instamine”]
-957: “It's rather bizarre that you're calling this an "instamine" scam when you're so fervently supporting BCN, which was mined 80% before entering the clearnet. Difficulty adjustments are per block, so there is no possibility of an instamine unless you don't publish your blockchain (emission is regular at the preset interval, and scales adequately with the network hash rate). What you're accusing monero of is exactly what ByteCoin did.”
https://bitcointalk.org/index.php?topic=583449.msg6594025#msg6594025
[Discussion with rias drags on for SEVERAL posts]
-1016: “There is no "dev team". There is a community of people working on various aspects of the coin.
I've been keeping the repo up to date. NoodleDoodle likes to optimise his miner. TFT started the fork and also assists when things break. othe's been working on a GUI. zone117x has been working on a pool.
It's a decentralized effort to maintain the fork, not a strawman team of leet hackers who dwell in the underbellies of the internet and conspire for instamines.”
(https://bitcointalk.org/index.php?topic=583449.msg6596828#msg6596828)
-1023: “Like I stated in IRC, I am not part of the "dev team", I never was. Just so happens I took a look at the code and changed some extremely easy to spot "errors". I then decided to release the binary because I thought MRO would benefit from it. I made this decision individually and nobody else should be culpable”
(https://bitcointalk.org/index.php?topic=583449.msg6597057#msg6597057)
[Noodledoodle gets rid of the instaminer accusations]
-1029: “I decided to relaunch Monero so it will suit all your wishes that you had: flatter emission curve, open source optimized miner for everybody from the start, no MM with BCN/BMR and the name. New Monero will be ready tomorrow”
(https://bitcointalk.org/index.php?topic=583449.msg6597252#msg6597252)
[people trying to capitalize mistakes is always there.]
-1030: "Pull request has been submitted and merged to update miner speed
It appears from the simplicity of the fix that there may have been deliberate crippling of the hashing algorithm from introduction with ByteCoin."
https://bitcointalk.org/index.php?topic=583449.msg6597460#msg6597460
[tacotime “officially” raises suspects of possible voluntarily crippled miner]
-1053: "I don't mind the 'relaunch' or the merge-mining fork or any other new coin at all. It's inevitable that the CryptoNote progresses like scrypt into a giant mess of coins. It's not undesirable or 'wrong'. Clones fighting out among themselves is actually beneficial for Monero. Although one of them is clearly unserious and trolling by choosing the same name.
Anyway, this sudden solidarity with BCN or TFT sure is strange when none of these accounts were around for the discussions that took place 3 weeks ago. Such vested interests with no prior indications. Hmm...? "
https://bitcointalk.org/index.php?topic=583449.msg6599013#msg6599013
[eizh points out the apparent organized fudding]
-1061: "There was no takeover. The original developer (who himself did a fork of bytecoin and around a dozen lines of code changes) was non-responsive and had disappeared. The original name had been cybersquatted all over the place (since the original developer did not even register any domain name much less create a web site), making it impossible to even create a suitably named web site. A bunch of us who didn't want to see the coin die who represented a huge share of the hash power and ownership of the coin decided to adopt it. We reached out to the original developer to participate in this community effort and he still didn't respond over 24 hours, so we decided to act to save the coin from neglect and actively work toward building the coin."
(https://bitcointalk.org/index.php?topic=583449.msg6599798#msg6599798)
[smooth defends legitimacy of current “dev team” and decisions taken]
-1074: “Zerocash will be announced soon (May 18 in Oakland? but open source may not be ready then?).
Here is a synopsis of the tradeoffs compared to CyptoNote: […]"
(https://bitcointalk.org/index.php?topic=583449.msg6602891#msg6602891)
[comparison among Zerocash y Cryptonote]
-1083: "Altcoin history shows that except in the case of premine (Tenebrix), the first implementation stays the largest by a wide margin. We're repeating that here by outpacing Bytecoin (thanks to its 80% mine prior to surfacing). No other CN coin has anywhere near the hashrate or trading volume. Go check diff in Fantom for example or the lack of activity in BCN trading.
The only CN coin out there doing something valuable is HoneyPenny, and they're open source too. If HP develops something useful, MRO can incorporate it as well. Open source gives confidence. No need for any further edge."
(https://bitcointalk.org/index.php?topic=583449.msg6603452#msg6603452)
[eizh reminds everyone the “first mover” advantage is a real advantage]
-1132: "I decided to tidy up bitmonero GitHub rep tonight, so now there is all valuable things from latest BCN commits & Win32. Faster hash from quazarcoin is also there. So BMR rep is the freshest one.
I'm working on another good feature now, so stay tuned."
(https://bitcointalk.org/index.php?topic=583449.msg6619738#msg6619738)
[first TFT apparition in weeks, he somehow pretends to still be the "lead dev"]
-1139: "This is not the github or website used by Monero. This github is outdated even with these updates. Only trust binaries from the first post."
(https://bitcointalk.org/index.php?topic=583449.msg6619971#msg6619971)
[eizh tries to clarify the community, after tft interference, which are the official downloads]
-1140: “The faster hash is from NoodleDoodle and is already submitted to the moner-project github (https://github.com/monero-project/bitmonero) and included in the binaries here.
[trying to bring TFT back on board] It would be all easier if you just work together with the other guys, whats the problem? Come to irc and talk like everyone else?
[on future monero exchangers] I got confirmation from one."
(https://bitcointalk.org/index.php?topic=583449.msg6619997#msg6619997)
[8th may 2014, othe announces NoodleDoodle optimized miner is now open source, asks TFT to collaborate and communicates an exchanger is coming]
-1146: "I'll be impressed if they [BCN/TFT shills] manage to come up with an account registered before January, but then again they could buy those.”
(https://bitcointalk.org/index.php?topic=583449.msg6620257#msg6620257)
[smooth]
-1150: “Ring signatures mean that when you sign a transaction to spend an output (coins), no one looking at the block chain can tell whether you signed it or one of the other outputs you choose to mix in with yours. With a mixing factor of 5 or 10 after several transactions there are millions of possible coins all mixed together. You get "anonymity" and mixing without having to use a third party mixer.”
(https://bitcointalk.org/index.php?topic=583449.msg6620433#msg6620433)
[smooth answering to “what are ring signatures” in layman terms]
-1170: "Someone (C++ skilled) did private optimized miner a few days ago, he got 74H/s for i5 haswell. He pointed that mining code was very un-optimized and he did essential improvements for yourself. So, high H/S is possible yet. Can the dev's core review code for that?"
(https://bitcointalk.org/index.php?topic=583449.msg6623136#msg6623136)
[forums are talking about an individual or group of individuals with optimized miners - may 9th 2014]
-1230: "Good progress on the pool reported by NOMP dev zone117x. Stay tuned, everyone.
And remember to email your favorite exchanges about adding MRO."
(https://bitcointalk.org/index.php?topic=583449.msg6640190#msg6640190)
-1258: "This is actually as confusing to us as you. At one point, thankful_for_today said he was okay with name change: https://bitcointalk.org/index.php?topic=563821.msg6368600#msg6368600
Then he disappeared for more than a week after the merge mining vote failed.”
(https://bitcointalk.org/index.php?topic=583449.msg6645981#msg6645981)
[eizh on the TFT-issue]
-1358: “Jadehorse: registered on 2014-03-06 and two pages of one line posts:
https://bitcointalk.org/index.php?action=profile;u=263597
https://bitcointalk.org/index.php?action=profile;u=263597;sa=showPosts
Trustnobody: registered on 2014-03-06 and two pages of one line posts:
https://bitcointalk.org/index.php?action=profile;u=264292
https://bitcointalk.org/index.php?action=profile;u=264292;sa=showPosts
You guys should really just stop trying. It is quite transparent what you are doing. Or if you want to do it, do it somewhere else. Everyone else: ignore them please."
(https://bitcointalk.org/index.php?topic=583449.msg6666844#msg6666844)
[FUD campaign still ongoing, smooth battles it]
-1387: "The world’s first exchange for Monero just opened! cryptonote.exchange.to"
(https://bitcointalk.org/index.php?topic=583449.msg6675902#msg6675902)
[David Latapie announces an important milestone: exchanger is here]
-1467: "image"
(https://bitcointalk.org/index.php?topic=583449.msg6686125#msg6686125)
[it is weird, but tft appears again, apparently as if he were in a parallel reality]
-1495: “http://monero.cc/blog/monero-price-0-002-passed/”
(https://bitcointalk.org/index.php?topic=583449.msg6691706#msg6691706)
[“trading” milestone reached: monero surpassed for first time 0.002 btc price]
-1513: "There is one and only one coin, formerly called Bitmonero, now called Monero. There was a community vote in favor (despite likely ballot stuffing against). All of the major stakeholders at the time agreed with the rename, including TFT.
The code base is still called bitmonero. There is no reason to rename it, though we certainly could have if we really wanted to.
TFT said he he is sentimental about the Bitmonero name, which I can understand, so I don't think there is any malice or harm in him continuing to use it. He just posted the nice hash rate chart on here using the old name. Obviously he understands that they are one and the same coin."
(https://bitcointalk.org/index.php?topic=583449.msg6693615#msg6693615)
[Smooth clears up again the relation with TFT and BMR. Every time he appears it seems to generate confusion on newbies]
-1543: "Pool software is in testing now. You can follow the progress on the pool bounty thread (see original post on this thread for link)."
(https://bitcointalk.org/index.php?topic=583449.msg6698097#msg6698097)
-1545: "[on the tail emission debate] I've been trying to raise awareness of this issue. The typical response seems to be, "when Bitcoin addresses the problem, so will we." To me this means it will never be addressed. The obvious solution is to perpetually increase the money supply, always rewarding miners with new coins.
Tacotime mentioned a hard fork proposal to never let the block reward drop below 1 coin:
Code: if (blockReward < 1){ blockReward = 1; }
I assume this is merely delaying the problem, however. I proposed a fixed annual debasement (say 2%) with a tx fee cap of like 0.001% of the current block reward (or whatever sounds reasonable). That way we still get the spam protection without worrying about fee escalation down the road."
(https://bitcointalk.org/index.php?topic=583449.msg6698879#msg6698879)
[Johnny Mnemonic wants to debate tail emission. Debate is moved to the “Monero Economy” thread]
-1603: “My GOD,the wallet is very very wierd and too complicated to operate, Why dont release a wallet-qt as Bitcoin?”
(https://bitcointalk.org/index.php?topic=583449.msg6707857#msg6707857)
[Newbies have hard times with monero]
-1605: "because this coin is not a bitcoin clone and so there isnt a wallet-qt to just copy and release. There is a bounty for a GUI wallet and there is already an experimental windows wallet..."
(https://bitcointalk.org/index.php?topic=583449.msg6708250#msg6708250)
-1611: "I like this about Monero, but it seems it was written by cryptographers, not programmers. The damned thing doesn't even compile on Arch, and there are several bugs, like command history not working on Linux. The crypto ideas are top-notch, but the implementation is not."
(https://bitcointalk.org/index.php?topic=583449.msg6709002#msg6709002)
[Wolf0, a miner developer, little by little joining the community]
-1888: "http://198.199.79.100 (aka moneropool.org) successfully submitted a block. Miners will be paid for their work once payments start working.
P.S. This is actually our second block today. The first was orphaned. :/"
(https://bitcointalk.org/index.php?topic=583449.msg6753836#msg6753836)
[May 16th: first pool block]
-1927: "Botnets aren't problem now. The main problem is a private hi-performance miner"
(https://bitcointalk.org/index.php?topic=583449.msg6759622#msg6759622)
-1927: "Evidence?"
(https://bitcointalk.org/index.php?topic=583449.msg6759661#msg6759661)
[smooth about the private optimized miner]
-1937: “[reference needed: smooth battling the weak evidence of optimized miner] Yes, I remember that. Some person on the Internet saying that some other unnamed person said he did something hardly constitutes evidence.
I'm not even doubting that optimized asm code could make a big difference. Just not sure how to know whether this is real or not. Rumors and FUD are rampant, so it is just hard to tell."
(https://bitcointalk.org/index.php?topic=583449.msg6760040#msg6760040)
[smooth does not take the "proof" seriously]
-1949: "image
One i5 and One e5 connected to local pool:
image"
(https://bitcointalk.org/index.php?topic=583449.msg6760624#msg6760624)
[proof of optimized miner]
-1953: "lazybear are you interested in a bounty to release the source code (maybe cleaned up a bit?) your optimized miner? If not, I'll probably play around with the code myself tomorrow and see if I can come up with something, or maybe Noodle Doodle will take an interest."
(https://bitcointalk.org/index.php?topic=583449.msg6760699#msg6760699)
[smooth tries to bring lazybear and his optimized miner on board]
-1957: "smooth, NoodleDoodle just said on IRC his latest optimizations are 4x faster on Windows. Untested on Linux so far but he'll push the source to the git repo soon. We'll be at 1 million network hashrate pretty soon."
(https://bitcointalk.org/index.php?topic=583449.msg6760814#msg6760814)
[eizh makes publics NoodleDoodle also has more miner optimizations ready]
-1985: “Someone (not me) created a Monero block explorer and announced it yesterday in a separate thread:
https://bitcointalk.org/index.php?topic=611561.0”
(https://bitcointalk.org/index.php?topic=583449.msg6766206#msg6766206)
[May 16th, 2014: a functional block explorer]
-2018: “Noodle is doing some final tests on Windows and will begin testing on Linux. He expects hashrate should increase across all architectures. I can confirm a 5x increase on an i7 quad-core + Windows 7 64-bit.
Please be patient. These are actual changes to the program, not just a switch that gets flicked on. It needs testing.”
(https://bitcointalk.org/index.php?topic=583449.msg6770093#msg6770093)
[eizh has more info on last miner optimization]
-2023: “Monero marketcap is around $300,000 as of now”
(https://bitcointalk.org/index.php?topic=583449.msg6770365#msg6770365)
-2059: I was skeptical of this conspiracy theory at first but after thinking about the numbers and looking back at the code again, I'm starting to believe it.
These are not deep optimizations, just cleaning up the code to work as intended.
At 100 H/s, with 500k iterations, 70 cycles per L3 memory access, we're now at 3.5 GHz which is reasonably close. So the algorithm is finally memory-bound, as it was originally intended to be. But as delivered by the bytecode developers not even close.
I know this is going to sound like tooting our own horn but this is another example of the kind of dirty tricks you can expect from the 80% premine crowd and the good work being done in the name of the community by the Monero developers.
Assuming they had the reasonable, and not deoptimized, implementation of the algorithm as designed all along (which is likely), the alleged "two year history" of bytecoin was mined on 4-8 PCs. It's really one of the shadiest and sleaziest premines scams yet, though this shouldn't be surprising because in every type of scam, the scams always get sneakier and more deceptive over time (the simple ones no longer work)."
(https://bitcointalk.org/index.php?topic=583449.msg6773168#msg6773168)
[smooth blowing the lid: if miner was so de-optimized, then BCN adoption was even lower than initially thought]
-2123: (https://bitcointalk.org/index.php?topic=583449.msg6781481#msg6781481)
[fluffypony first public post in Monero threads]
-2131: "moneropool.org is up to 2KHs, (average of 26Hs per user). But that's still only 0.3% of the reported network rate of 575Khs.
So either a large botnet is mining, or someone's sitting quietly on a much more efficient miner and raking in MRO."
(https://bitcointalk.org/index.php?topic=583449.msg6782192#msg6782192)
[with pools users start to notice that “avg” users account for a very small % of the network hashrate, either botnets or a super-optimized miner is mining monero]
-2137: “I figure its either:
(https://bitcointalk.org/index.php?topic=583449.msg6782852#msg6782852)
-2192: “New source (0.8.8.1) is up with optimizations in the hashing. Hashrate should go up ~4x or so, but may have CPU architecture dependence. Windows binaries are up as well for both 64-bit and 32-bit."
(https://bitcointalk.org/index.php?topic=583449.msg6788812#msg6788812)
[eizh makes official announce of last miner optimization, it is may 17th]
-2219: (https://bitcointalk.org/index.php?topic=583449.msg6792038#msg6792038)
[wolf0 is part of the monero community for a while, discussing several topics as botnet mining and miner optimizations. Now spots security flaws in the just launched pools]
-2301: "5x optimized miner released, network hashrate decreases by 10% Make your own conclusions. :|"
(https://bitcointalk.org/index.php?topic=583449.msg6806946#msg6806946)
-2323: "Monero is on Poloniex https://poloniex.com/exchange/btc_mro"
(https://bitcointalk.org/index.php?topic=583449.msg6808548#msg6808548)
-2747: "Monero is holding a $500 logo contest on 99designs.com now: https://99designs.com/logo-design/contests/monero-mro-cryptocurrency-logo-design-contest-382486"
(https://bitcointalk.org/index.php?topic=583449.msg6829109#msg6829109)
-2756: “So... ALL Pools have 50KH/s COMBINED.
Yet, network hash is 20x more. Am i the only one who thinks that some people are insta mining with prepared faster miners?”
(https://bitcointalk.org/index.php?topic=583449.msg6829977#msg6829977)
-2757: “Pools aren't stable yet. They are more inefficient than solo mining at the moment. They were just released. 10x optimizations have already been released since launch, I doubt there is much more optimization left.”
(https://bitcointalk.org/index.php?topic=583449.msg6830012#msg6830012)
-2765: “Penalty for too large block size is disastrous in the long run.
Once MRO value increases a lot, block penalties will become more critical of an issue. Pools will fix this issue by placing a limit on number and size of transactions. Transaction fees will go up, because the pools will naturally accept the most profitable transactions. It will become very expensive to send with more than 0 mixin. Anonymity benefits of ring signatures are lost, and the currency becomes unusable for normal transactions.”
(https://bitcointalk.org/index.php?topic=583449.msg6830475#msg6830475)
-2773: "The CryptoNote developers didn't want blocks getting very large without genuine need for it because it permits a malicious attack. So miners out of self-interest would deliberately restrict the size, forcing the network to operate at the edge of the penalty-free size limit but not exceed it. The maximum block size is a moving average so over time it would grow to accommodate organic volume increase and the issue goes away. This system is most broken when volume suddenly spikes."
(https://bitcointalk.org/index.php?topic=583449.msg6830710#msg6830710)
-3035: "We've contributed a massive amount to the infrastructure of the coin so far, enough to get recognition from cryptonote, including optimizing their hashing algorithm by an order of magnitude, creating open source pool software, and pushing several commits correcting issues with the coin that eventually were merged into the ByteCoin master. We also assisted some exchange operators in helping to support the coin.
To say that has no value is a bit silly... We've been working alongside the ByteCoin devs to improve both coins substantially."
(https://bitcointalk.org/index.php?topic=583449.msg6845545#msg6845545)
[tacotime defends the Monero team and community of accusations of just “ripping-off” others hard-work and “steal” their project]
-3044: "image"
(https://bitcointalk.org/index.php?topic=583449.msg6845986#msg6845986)
[Monero added to coinmarketcap may 21st 2014]
-3059: "You have no idea how influential you have been to the success of this coin. You are a great ambassador for MRO and one of the reasons why I chose to mine MRO during the early days (and I still do, but alas no soup for about 5 days now)."
(https://bitcointalk.org/index.php?topic=583449.msg6846509#msg6846509)
[random user thanks smooth CONSTANT presence, and collaboration. It is not all FUD ;)]
-3068: "You are a little too caught up in the mindset of altcoin marketing wars about "unique features" and "the team" behind the latest pump and dump scam.
In fact this coin is really little more than BCN without the premine. "The team" is anyone who contributes code, which includes anyone contributing code to the BCN repository, because that will get merged as well (and vice-versa).
Focus on the technology (by all accounts amazing) and the fact that it was launched in a clean way without 80% of the total world supply of the coin getting hidden away "somewhere." That is the unique proposition here. There also happens to be a very good team behind the coin, but anyone trying too hard to market on the basis of some "special" features, team, or developer is selling you something. Hold on to your wallet."
(https://bitcointalk.org/index.php?topic=583449.msg6846638#msg6846638)
[An answer to those trolls saying Monero has no innovation/unique feature]
-3070: "Personally I found it refreshing that Monero took off WITHOUT a logo or a gui wallet, it means the team wasn't hyping a slick marketing package and is concentrating on the coin/note itself."
(https://bitcointalk.org/index.php?topic=583449.msg6846676#msg6846676)
-3119: “image
[included for the lulz]
-3101: "[…]The main developers are tacotime, smooth, NoodleDoodle. Some needs are being contracted out, including zone117x, LucasJones, and archit for the pool, another person for a Qt GUI, and another person independently looking at the code for bugs."
(https://bitcointalk.org/index.php?topic=583449.msg6848006#msg6848006)
[the initial "core team" so far, eizh post]
-3123: (https://bitcointalk.org/index.php?topic=583449.msg6850085#msg6850085)
[fluffy steps-in with an interesting dense post. Don’t dare to skip it, worthwhile reading]
-3127: (https://bitcointalk.org/index.php?topic=583449.msg6850526#msg6850526)
[fluffy again, worth to read it too, so follow link, don’t be lazy]
-3194: "Hi guys - thanks to lots of hard work we have added AES-NI support to the slow_hash function. If you're using an AES-NI processor you should see a speed-up of about 30%.”
(https://bitcointalk.org/index.php?topic=583449.msg6857197#msg6857197)
[flufflypony is now pretty active in the xmr topic and announces a new optimization to the crippled miner]
-3202: "Whether using pools or not, this coin has a lot of orphaned blocks. When the original fork was done, several of us advised against 60 second blocks, but the warnings were not heeded.
I'm hopeful we can eventually make a change to more sane 2- or 2.5-minute blocks which should drastically reduce orphans, but that will require a hard fork, so not that easy."
(https://bitcointalk.org/index.php?topic=583449.msg6857796#msg6857796)
[smooth takes the opportunity to remember the need of bigger target block]
-3227: “Okay, optimized miner seems to be working: https://bitcointalk.org/index.php?topic=619373”
[wolf0 makes public his open source optimized miner]
-3235: "Smooth, I agree block time needs to go back to 2 minutes or higher. I think this and other changes discussed (https://bitcointalk.org/index.php?topic=597878.msg6701490#msg6701490) should be rolled into a single hard fork and bundled with a beautiful GUI wallet and mining tools."
(https://bitcointalk.org/index.php?topic=583449.msg6861193#msg6861193)
[tail emission, block target and block size are discussed in the next few messages among smooth, johnny and others. If you want to know further about their opinions/reasonings go and read it]
-3268: (https://bitcointalk.org/index.php?topic=583449.msg6862693#msg6862693)
[fluffy dares another user to bet 5 btc that in one year monero will be over dash in market cap. A bet that he would have lost as you can see here https://coinmarketcap.com/historical/20150524/ even excluding the 2M “instamined” coins]
-3283: "Most of the previous "CPU only" coins are really scams and the developers already have GPU miner or know how to write one. There are a very few exceptions, almost certainly including this one.
I don't expect a really dominant GPU miner any time soon, maybe ever. GPUs are just computers though, so it is certainly possible to mine this on a GPU, and there probably will be a some GPU miner, but won't be so much faster as to put small scale CPU miners out of business (probably -- absent some unknown algorithmic flaw).
Everyone focuses on botnets because it has been so long since regular users were able to effectively mine a coin (due to every coin rapidly going high end GPU and ASIC) that the idea that "users" could vastly outnumber "miners" (botnet or otherwise) isn't even on the radar.
The vision here is a wallet that asks you when you want to install: "Do you want to devote some of you CPU power to help secure the network. You will be eligible to receive free coins as a reward (recommended) [check box]." Get millions of users doing that and it will drive down the value of mining to where neither botnets nor professional/industrial miners will bother, and Satoshi's original vision of a true p2p currency will be realized.
That's what cryptonote wants to accomplish with this whole "egalitarian mining" concept. Whether it succeeds I don't know but we should give it a chance. Those cryptonote guys seem pretty smart. They've probably thought this through better than any of us have."
(https://bitcointalk.org/index.php?topic=583449.msg6863720#msg6863720)
[smooth vision of a true p2p currency]
-3318: "I have a screen shot that was PMed to me by someone who paid a lot of money for a lot of servers to mine this coin. He won't be outed by me ever but he does in fact exist. Truth."
(https://bitcointalk.org/index.php?topic=583449.msg6865061#msg6865061)
[smooth somehow implies it is not botnets but an individual or a group of them renting huge cloud instances]
-3442: "I'm happy to report we've successfully cracked Darkcoin's network with our new quantum computers that just arrived from BFL, a mere two weeks after we ordered them."
[fluffy-troll]
-3481: “Their slogan is, "Orphaned Blocks, Bloated Blockchain, that's how we do""
(https://bitcointalk.org/index.php?topic=583449.msg6878244#msg6878244)
[Major FUD troll in the topic. One of the hardest I’ve ever seen]
-3571: "Tacotime wanted the thread name and OP to use the word privacy instead of anonymity, but I made the change for marketing reasons. Other coins do use the word anonymous improperly, so we too have to play the marketing game. Most users will not bother looking at details to see which actually has more privacy; they'll assume anonymity > privacy. In a world with finite population, there's no such thing as anonymity. You're always "1 of N" possible participants.
Zero knowledge gives N -> everyone using the currency, ring signatures give N -> your choice, and CoinJoin gives N -> people who happen to be spending around the same amount of money as you at around the same time. This is actually the critical weakness of CoinJoin: the anonymity set is small and it's fairly susceptible to blockchain analysis. Its main advantage is that you can stick to Bitcoin without hard forking.
Another calculated marketing decision: I made most of the OP about ring signatures. In reality, stealth addressing (i.e. one-time public keys) already provides you with 90% of the privacy you need. Ring signatures are more of a trump card that cannot be broken. But Bitcoin already has manual stealth addressing so the distinguishing technological factor in CryptoNote is the use of ring signatures.
This is why I think having a coin based on CoinJoin is silly: Bitcoin already has some privacy if you care enough. A separate currency needs to go way beyond mediocre privacy improvements and provide true indistinguishably. This is true thanks to ring signatures: you can never break the 1/N probability of guessing correctly. There's no additional circumstantial evidence like with CoinJoin (save for IP addresses, but that's a problem independent of cryptocurrencies)."
(https://bitcointalk.org/index.php?topic=583449.msg6883525#msg6883525)
[Anonymity discussions, specially comparing Monero with Darkcoin and its coinjoin-based solution, keep going on]
-3593: "Transaction fees should be a fixed percentage of the block reward, or at the very least not be controllable by the payer. If payers can optionally pay more then it opens the door for miner discrimination and tx fee bidding wars."
(https://bitcointalk.org/index.php?topic=583449.msg6886770#msg6886770)
[Johnny Mnemonic is a firm defender of fixed fees and tail emission: he see the “fee market” as big danger to the usability of cryptocurrencies]
-3986: (https://bitcointalk.org/index.php?topic=583449.msg6930412#msg6930412)
[partnership with i2p]
-4373: “Way, way faster version of cpuminer: https://bitcointalk.org/index.php?topic=619373”
(https://bitcointalk.org/index.php?topic=583449.msg6993812#msg6993812)
[super-optimized miner is finally leaked to the public. Now the hashrate is 100 times bigger than originally with crippled miner. The next hedge for "cloud farmers" is GPU mining]
-4877: “1. We have a logo! If you use Monero in any of your projects, you can grab a branding pack here. You can also see it in all its glory right here:
logo […] 4. In order to maintain ISO 4217 compliance, we are changing our ticker symbol from MRO to XMR effective immediately."
(https://bitcointalk.org/index.php?topic=583449.msg7098497#msg7098497)
[Jun 2nd 2014]
-5079: “First GPU miner: https://bitcointalk.org/index.php?topic=638915.0”
(https://bitcointalk.org/index.php?topic=583449.msg7130160#msg7130160)
[4th June: Claymore has developed the first CryptoNight open source and publicly available GPU miner]
-5454: "New update to my miner - up to 25% hash increase. Comment and tell me how much of an increase you got from it: https://bitcointalk.org/index.php?topic=632724"
(https://bitcointalk.org/index.php?topic=583449.msg7198061#msg7198061)
[miner optimization is an endless task]
-5464: "I have posted a proposal for fixed subsidy:
https://bitcointalk.org/index.php?topic=597878.msg7202538#msg7202538"
(https://bitcointalk.org/index.php?topic=583449.msg7202776#msg7202776)
[Nice charts and discussion proposed by tacotime, worth reading it]
-5658: "- New seed nodes added. - Electrum-style deterministic wallets have been added to help in the recovery of your wallet should you ever need to. It is enabled by default."
(https://bitcointalk.org/index.php?topic=583449.msg7234475#msg7234475)
[Now you can recover your wallet with a 24 word seed]
-5726: (https://bitcointalk.org/index.php?topic=583449.msg7240623#msg7240623)
[Bitcoin Pizza in monero version: a 2500 XMR picture sale (today worth ~$20k)]
-6905: (https://bitcointalk.org/index.php?topic=583449.msg7386715#msg7386715)
[Monero missives: CryptoNote peer review starts whitepaper reviewed)]
-7328: (https://bitcointalk.org/index.php?topic=583449.msg7438333#msg7438333)
[android monero widget built]
This is a dense digest of the first several thousand messages on the definitive Monero thread.
A lot of things happened in this stressful days and most are recorded here. It can be summarized in this:
  • 28th April: Othe and zone117x assume the GUI wallet and CN pools tasks.
  • 30th April: First NoodleDoodle's miner optimization.
  • 11th May: First Monero exchanger
  • 13th May: Open source pool code is ready.
  • 16th May: First pool mined block.
  • 19th May: Monero in poloniex
  • 20th May: Monero +1100 bitcoin 24h trading volume in Poloniex.
  • 21st May: New official miner optimization x4 speed (accumulated optimization x12-x16). Open source wolf0's CPU miner released.
  • 25th May: partnership with i2p
  • 28th May: The legendary super-optimized miner is leaked. Currently running x90 original speed. Hedge of the "cloud farmers" is over in the cpu mining.
  • 2nd June: Monero at last has a logo. Ticker symbol changes to the definitive XMR (former MRO)
  • 4th June: Claymore's open source GPU miner.
  • 10th June: Monero's "10,000 bitcoin pizza" (2500 XMR paintig). Deterministic seed-based wallets (recover wallet with a 24 word seed)
  • March 2015 – tail emission added to code
  • March 2016 – monero hard forks to 2 min block and doubles block reward
There basically two things in here that can be used to attack Monero:
  • Crippled miner Gave unfair advantage to those brave enough to risk money and time to optimize and mine Monero.
  • Fast curve emission non-bitcoin-like curve as initially advertised and as it was widely accepted as suitable
Though we have to say two things to support current Monero community and devs:
  • The crippled miner was coded either by Bytecoin or CryptoNote, and 100% solved within a month by Monero community
  • The fast curve emission was a TFT miscalculation. He forgot to consider that as he was halving the block target he was unintentionally doubling the emission rate.
submitted by el_hispano to Monero [link] [comments]

Coin-a-Year: Nyancoin

Hello cryptocurrency lovers! Welcome to Coin-a-Year, the laziest series yet in the Coin-a-Day publishing empire. This year's coin is Nyancoin (NYAN). I originally covered Nyancoin in an article here in /cryptocurrency published January 4th, 2015.
Without (much) further ado, I'm going to include the original report next, unmodified. This is unlike my Coin-a-Week series, where I use strikeout and update in-text. Because this is going to be a longer update, I'll just make all further comments and updates below, just realize that all information below is as of January 4th, 2015 and thus is more than a year out of date as of posting now, at the end of February 2016.
Since I use horizontal rules as internal dividers in the original post, I'll use a double horizontal rule to divide the original text from this prelude and the following update.
Coin-a-Day Jan 4th
Welcome to the fourth installment of Coin-a-Day! To see convenient links to the introduction and the previous entries, please see /coinaday. Today's coin is Nyancoin (NYAN).
Summary
• ~173.6 million available currently [1]; 337 million limit [2]
• All-time high: ~0.000024 BTC on February 16, 2014 [1]
• Current price: ~3 satoshi [1]
• Current market cap: ~$1,275 [1]
• Block rate (average): 1 minute [1] [3]
• Transaction rate: ~25? / last 24 hours; estimated $3-4 [4]
• Transaction limit: 70 / second [5]
• Transaction cost: 0 for most transactions [6]
• Rich list: ??? [7]
• Exchanges: Cryptsy [8]
• Processing method: Mining [10]
• Distribution method: proof-of-work block rewards and 1% premine for "bounties, giveaways & dev support" [2] [10]
• Community: Comatose [9]
• Code/development: https://github.com/nyancoin-release/nyancoin ; there hasn't been a released code change in 10 months. The new developer has talked about some changes, but has not made a new release. He has given advice about how to keep the network running and operate the client. [10]
• Innovation or special feature: First officially licensed cryptocurrency (from Nyancat) [2]; "zombie"-coin [11]
Description / Community:
So you're probably wondering why in the world we're talking about a coin which has been declared dead and already written off. I actually first selected this coin to illustrate a "deadcoin", but the more I dug into it, the more I was amazed at the shambles I discovered. I am combining the description and community sections for this coin, because the community (or lack thereof) is the central issue for Nyancoin.
Substantially all, if not literally all, of the original infrastructure is gone. From the announcement post, the original website has expired. The nyan.cat site itself survives, but has no reference to the coin. The github repo remains, but then there was never much changed from the bitcoin/litecoin original. In fact, the COPYING file doesn't even list "Nyancoin Developers". None of the original nodes seem to be running anymore. @Nyan_Coin hasn't tweeted since July 6th. And that was just to announce posting an admittedly cute picture to facebook which makes a claim for a future which seems never to have developed. Of the original 15 pools, I think all are dead except p2pool, for which at least one node still supports NYAN. The original blockchain explorer, nyancha.in, is still running. The faucet is dead or broken. The original exchanges no longer list it (two of the three having died; SwissCEX having ended its trading as of the first of this year). And so forth.
And yet:

I'm not dead! I'm getting better!

No you're not, you'll be stone dead in a moment.
[Of course, that scene finishes with knocking out the "recovering" patient so he can be taken away...not to mention the absurdity of including Monty Python in a financial article, but moving right along.]
There is still just enough left to Nyancoin to keep it twitching, even if it is on life-support. Whether it's an individual node or whether it's a pool, there are blocks being produced at a steady rate as intended. Transactions are being processed. There is still a market. There is still a block explorer. And there is a dev. It is like a case study in the absolute minimum necessary to keep a coin alive. The most likely outcome is almost certainly a final collapse when one critical piece or another of the infrastructure goes away. And yet in the meantime, a person can own a million NYAN for $8 [12], and then move this coin quickly and easy, albeit with no particular external demand. It's like the world's most hyped testnet.
I think this case presents an interesting example of what happens to an altcoin when its initial support dries up. NYAN coin is more fortunate than some, actually, as there are some where there are no longer any nodes running it nor the original announcement thread (in fact, there was actually a second Nyancoin launched around the same time. But it died hard and its original announcement thread was deleted and at this point I would have no idea how to access it; so "Nyancoin" thus illustrates how hard a coin can die (Nyancoin 2) as well as how it can hang around despite being proclaimed dead, with far more justification behind that pronouncement than there has been for bitcoin (NYAN) ).
Footnotes
[1] http://coinmarketcap.com/currencies/nyancoin/
[2] https://bitcointalk.org/index.php?topic=402085.0 Regarding the premine, it's unclear to me where this money is now, since the original poster hasn't been active on BCT since May and the original site is down. However, given that it's only 1%, and about $25 in value right now, there seem to be more significant concerns for NYAN.
[3] http://nyancha.in/chain/Nyancoin - Nyan blockchain explorer; blocks are somewhat inconsistent but somewhere around the 1 minute average
[4] There doesn't seem to be anything automatically doing these stats, so I did visual inspection on about 1500 blocks (about one day) excluding the block generation reward (~250k/day). Most blocks are otherwise empty. I counted about 24 transactions or so scrolling through, with an outlier around 300k NYAN and another around 100k NYAN. In total, about 500k NYAN, excluding the block rewards. This is very approximately $3-4.
[5] Nyancoin is a basically unmodified, slightly out-of-date bitcoin as far as code goes, and ignoring the change in block rate and total coin supply, as well as the difficulty retarget after every block. So for purposes of estimating maximum possible transaction throughput, I start with bitcoin's estimated 7 transactions per second, and multiply by 10 for having a block on average every minute rather than every 10 minutes. In any event, this limit is not likely to be reached in the foreseeable future.
[6] Like bitcoin, transaction fees appear to be optional in Nyancoin. Unlike bitcoin, there is almost no transaction volume, and coins tend to sit for a relatively long time before being moved. So zero-fee transactions appear to be the norm from looking at a couple transactions on the block explorer.
[7] I couldn't find one. See the disclosure section of this article: your humble correspondent is likely represented in some way on a top 100 if one were to be made or if one exists, despite not holding it directly, depending on how the exchange holds it.
[8] I could not find any other exchanges still listing Nyancoin. SwissCex appears to have disabled it as of a couple days ago. Cryptsy has a notice that the NYAN/BTC market will be closing, but its NYAN/LTC market appears strong.
[9] Essentially all of the original sites, pools, faucets, etc. are dead and there has been very little to replace it. There is basically a single node, or perhaps a very few, which are running the blockchain. However, there is a developer still trying to hold things together, maxvall_dev, maxvall on BCT. He is the last hope for the NYAN.
[10] https://bitcointalk.org/index.php?topic=597877.0 This is the thread where maxvall took over as dev, and it also discusses switching to PoS, which hasn't happened as far as I know.
[11] "zombie"-coin: Not to be confused with ZMB (my god, does it ever end?). This is my term to describe a coin which is "undead": by rights it should be dead. And yet it's still walking around and acting like it's alive. What is it? What's going on? It's quite debatable whether this gives it any special value, but I find it an interesting state, and it's why this was chosen for early coverage. There are plenty of actually popular and successful coins, and we will go onto covering more normal selections; we're looking for variety rather than repetition. But I think this is an interesting example for what can go wrong, and yet in the midst of that, how little it takes for a coin to survive. In fact, it's almost like an alternate history bitcoin to me; this shows the concept that "it was run on one computer before; it can be run on one computer again" to some extent. And there are even some strange pragmatic benefits as well, like having no competition for getting a transaction into a block and thus zero transaction fees.
[12] And, in fact, the author chose to do so today, spending about 0.03 BTC for about 1 million NYAN.
Additional Reading
/nyancoins - Like NYAN: mostly dead, but not quite
http://nyan-coin.org/ - new official website
BCT thread listing nodes, xpool (p2pool), for mining information.
americanpegasus predicting in February that NYAN will hit $1; always an entertaining read
Giveaway
Instead of a challenge today, since NYAN has enough challenges, I decided I would give away 10,000 NYAN to at least the first ten people who ask for it. This still remains at my discretion, but honestly, if you really want, say, 50,000 NYAN and create four new accounts to do so, I'll probably be too amused to say no. I don't expect to get ten requests. If I get more, I'll probably still fulfill them, but as with everything else, this is left to my whim.
Donations and Disclosure
Okay, this is an important one today because of the tiny market here. I actually hold less USD value in NYAN than in BTC, DOGE, and PPC (although my value in PPC might be about equivalent actually), but I hold more of the total market in NYAN than any of those three. And I'll probably be buying more. So I have a conflict of interest in writing this article.
I am not providing financial advice and I do not make any recommendations of any sort on any matters. Make your own decisions; do your own research. Please, I do not want to hear about anyone doing anything "on my advice." I am not offering advice.
I personally hold just over 1 million NYAN on Cryptsy right now.
Perhaps it would be better if I didn't write any articles about anything I were invested inspeculating on, but I started this series for my own education to further my speculation, so unfortunately, dear reader, your needs come second to my own. tanstaafl; you get what you pay for, and I'm giving you my thoughts.
If by some strange quirk of fate you actually own NYAN and enjoyed this article and wished to donate some to me, K7Ho9HghBF6xWwS6JsepE6RAEPyAXbsQCV is mine (first non-empty account I've posted; transferred 1000 NYAN into here earlier from Cryptsy to test that the network and my wallet were actually working).
Thank you all for reading and commenting! I've already learned a lot from this process and I look forward to more!
Upcoming coins:
• January 5th: Nxt
• January 6th: Darkcoin
• January 7th: Namecoin
I'll use alphabetic labeling for footnotes in the updates to avoid any confusion with the footnotes in the original. For simplicity, unchanged items, like the 337 million limit and the 1 minute will not be mentioned, and we'll start with the summary changes.
Updates:
Summary
  • ~263.7 million NYAN currently exist [a]
  • Current price: ~7 satoshi [b]
  • Current market cap: ~$8,000 [c]
  • Transaction rate: ~185 / last 24 hours; ~3,300,000 NYAN (~$100) [d]
  • Exchanges: Cryptopia [e]
  • Community: We're not quite dead yet; in fact, I think we're getting better! [f]
  • Code/Development: I have an early draft of NYAN2, but I'm about six months past my initial goal for having it available to use. Life/work/lack of build machine/procrastination. NYAN2 will be a rebase onto a modern LTC codebase which will soft fork to fix a current vulnerability to a fork bug. For now, the network still runs on the same code that it did when I wrote the first article.
Discussion
I'm going to consider the community first, since I pointed it out as the weakness and central topic in the last one, then talk about the technical situation briefly, and then review the financial results.
The community has been excellent, if I do say so myself. We've got working infrastructure going thanks to the contributions of many Nekonauts (see [f]). Some original Nekonauts have returned or at least popped in from time to time, and new ones like myself have found Nyancoin (I would say given what I wrote in the original, I was still a skeptic of it at that point. Not that skeptics can't be Nekonauts, but I think I'd put my conversion to the cult of nyan shortly after writing that, even though I was already a nillionaire then for the heck of it.)
While I do look forward to seeing the community continue to grow in future years and consider that important, I don't think the community is our weakest point any longer; I think it's now our strongest point. I've tried to encourage the community's revival as best I could, including giving away tens of nillions in total, and lots of long rambling articles on my views on ethics and philosophy and frankly it's worked better than I would've really expected (or at least it has coincided with an effective recovery of the community). The community also helped me through at least a couple hard times personally in there as well.
The technical situation in Nyancoin is mostly unchanged but slightly improved, although with two additional known vulnerabilities. It's unchanged in that it's the same client. It's improved in that we have an active nyanchain explorer host (nyan.space), and we have a public draft of a plan for a soft forking security fix update in the near future (hopefully by the end of March (although I've slipped these deadlines before and may well miss March for release by a bit, I do think I'm inching closer now and then)).
The most serious vulnerability is to forking. This is the bug which hit Peercoin if I recall correctly. NYAN2 is intended to solve this through its soft fork from the LTC fix upstream (from the BTC fix upstream). In the meantime, we've been lucky we haven't been attacked. The tiny marketcap probably helps with not being a particularly attractive attack target. We're not exactly about to pay ransom to move faucet outputs. But that's no excuse; we want this fixed and should have it finally done "soon" (tm).
The less serious vulnerability is to a time warp attack in the difficulty function (Kimoto Gravity Well), which relates to general weaknesses it has and issues we've had with large gaps in the block chain because of spikes in the difficulty function causing it to be unprofitable and driving away most of the hash, and then low difficulty and price rise making it attractive to more hash, creating a spike and causing it again. While this is irritating, the chain still works, even if there are fits and starts at times. An important part of the reason I can get away with this is because there is at least one Nekonaut-supporting miner, CartmanSPC, who rescues us from time to time, and did so during the course of this article being written. We have a bunch of pools, but sometimes the hash just isn't there to get us unstuck when the difficulty goes high enough. Another part of the reason I consider it not an especially serious issue is because there's a workaround which works for me (classic bad developer logic): I use a large transaction fee (generally 337 NYAN, although I might have halved it after the most recent halving, I'll probably use 337 again) on my personal wallet by default. If necessary, I use a couple of them. It can make NYAN profitable to mine again despite the higher difficulty and "unstick" the chain. The difficulty function can go back down again in the next block if the gap has been long enough, so that can be enough to keep it going again for a while (although it can also get stuck again irritatingly fast at times). A fix for this will be putting in a better difficulty function for NYAN3, which will require a hard fork. This is tentatively scheduled for feature freeze around the middle of this year, coding to follow, activation sometime early 2017.
Financial has been our most disappointing performance. A graph of the 1 year performance right now on coinmarketcap looks pretty sad, showing our fall from a little over 60 satoshi down to around 7 satoshi now.
We rose too high, too fast, and I didn't stick with the safe high paying job like a sane person. Instead I hit the road, went to jail, and worked minimum wage. That doesn't sound like a sentence from a cryptocurrency financial review, does it? But the performance of NYAN since the article has been the story of my personal finances, which is the story of my life since then.
So, autobiographical coinaday interlude, trying to keep it generally to the most salient points. Well, in 2014 I had been on my way home to Minnesota from California when I was pulled over leaving Eureka, Nevada for speeding (got sloppy and went 45 approaching the 45 sign and thus technically still in the 35; bored cop seeing out-of-state plates). My vehicle reeked of weed, what with having been in Mendocino County previously with no intention of traveling out of the county much less state anytime soon but family emergency brought me back, and the end result was a citation for possession of cannabis and paraphernalia along with the speeding.
Fast forward to the beginning of 2015, I'm settled into a good software position and start looking more at cryptocurrency in my spare time. I write the coin-a-day series for a bit and then got annoyed and quit after a while when trying to do one a day on top of an actual job was too much for me (along with some annoyance over criticism; I can be rather thin-skinned at times). But I had gotten interested in Nyancoin, and started buying it up more and more with extra money I was making.
And then comes the crash. I had to stop putting as much in as I realized that where I was living and what I was working on wasn't going to work out for me and I needed to figure something else out. So, as I seem wont to do, I went on a roadtrip. I quit my job. And I went back for the court date for my citations and refused to pay, instead spending 10 days in jail rather than pay ~$1400 (I actually had the money in cash available to me if I chose to pay as a backup if I chickened out, but the judge annoyed me enough that I really preferred to be jailed instead of paying, as stupid as that sounds since I'm quite sure the judge didn't care in the least one way or another).
After that, I went back to roadtrip lifestyle for a while. It was a nice period. A lot of beautiful scenery; a lot of reading. Eventually, I busted up my car pretty badly...a couple times actually, the second time for good. Fast forwarding through the rest of the year, I worked a couple minimum wage jobs to pay bills and avoid cubicle life and kill some time until I figured out what I was going to do next. Just recently I quit as delivery boy after getting a speeding ticket (I swear, I'm not as horrible of a driver as this makes me sounds, although I have had a bad tendency to speed in the past, which I really have curbed to almost nothing; but I'm clearly not good enough) and am currently writing a Coin-a-Year article with a friend's incentive and applying to do documentation and development with the Nu project.
Okay, so what did any of that have to do with NYAN? Well, it's the mess of a life that has led to the fall of the price from 60 satoshi to 7 satoshi. If instead my life history for the time since the article had been simply "I was happily employed writing software", then I don't believe we would have dropped below 20 satoshi. It's easy to see in hindsight. If anyone can lend me a time machine, I'm sure I can get some condensed instructions which should improve performance significantly. Otherwise, just going to have more chalked up for the "character building" tally.
So, lessons learned if you are the major buy support for your coin: you need long-term reserves. Whatever you put in bids can be taken out in a moment by a dump for no apparent reason. This is particularly true if you may be quitting your cushy, high-paying job and wandering around without income for an extended period of time. Rather obvious, but hey, maybe someone else can learn from my mistakes. If I'd been bidding as cautiously as I am now from the beginning, I think the price would probably be somewhere from 10-20 satoshi now instead of around 7 satoshi.
It's especially unfortunate given that I wanted to be able to demonstrate the more consistent growth possible building a stable store of value, as opposed to the pump and dumps common in altcoins. And instead we had a pump-and-dump looking graph ourselves after I bid up higher than I was able to sustain, and a large (10+ nillion) instadump crashed the market all the way back down to 1 satoshi momentarily. We've had a few large (2+ nillion) dumps since, but nothing that large. We haven't generally had that large of bids though either.
It's hard to know when I've exhausted the supply at a price level, when it sometimes waits for a couple weeks or even more and then fills all the bids at once. But I want to maximize the minimum price paid because I think that's important for building confidence in a store of value long-term, which is one of my core goals for NYAN.
At the same time, we're still up from the lowest parts of the floor and where I found it. Since I own about 30% [g], the very cheapest supply has been taken off the market. I plan to keep on buying up "cheap NYAN" as much as I can. I've bought up to 60 satoshi before, I'll probably buy up that high this time around. I've got a token 100,000 NYAN ask at 300 satoshi; I hope never to sell lower.
Conclusions
Now I try to wrap it all together as if I saw this all coming and am the wise expert, despite having had about 90% drop in price in the last year after bidding too high. My original concept was taking the "minimum viable coin" and reviving it to a powerhouse as a textbook example in how to do it.
Part of my core concept in this is the arbitrariness of value: throughout history, humans have chosen any number of things as a store of value for the time: salt, large rocks, certain metals, disks, marked sticks, and so forth. While there has generally been a certain logic in the choice, in that there is a locally restricted supply in one way or another, and so forth, from the perspective of other centuries or cultures the choices can seem quite strange. Growing up, I was always struck by how strange the notion of salt being limited and valuable seemed in a world where people were trying to reduce intake and large amounts could be bought for trivial sums. And yet, a key nutrient necessary for life fundamentally makes more sense as being valuable than notched sticks or printed paper or a piece of plastic with some encoded information.
Humans have perpetually come up with stranger and stranger ways of storing and transferring value. Each new step, as always, comes with its own disadvantages and, frankly, has generally appeared nonsensical at best and fraudulent at worst to the status quo. Which doesn't mean that each new attempt is valuable. The gold bugs always like to point out that every fiat currency ultimately returns to its true value of zero. And the skeptics of cryptocurrency argue that all cryptocurrencies will eventually return to their true value of zero.
It's certainly possible. And it's possible the USD will hyperinflate someday. I tend to try the moderate view for a plausible guess of the future. By that type of logic, I would guess that over the course of decades, USD will in general lose value, and cryptocurrency will tend to slowly gain value. That might not seem the moderate view, but USD not losing value over decades would be truly shocking. And hyperinflation has been predicted since the USD went off the gold standard, or before. So some amount of inflation less than hyperinflation seems like the safe guess (but then, the Titanic arriving would also have seemed like the safe guess to me). And with cryptocurrency, I think it's clear by now the technology will continue to survive. So my first question is with what overall value as a market? It could go down, of course, but that seems unlikely in an already small, young market. Even if all the current crop die off and are replaced, whatever cryptocurrencies are around should be able to do better than a handful of billion in market cap in my view.
I believe that cryptocurrency has a bright future ahead of it. The best coins should ultimately survive and thrive. But I've been wrong on most of my major calls so far, like for instance when I thought BTC was over-priced around $5-$10.
I think Nyancoin can have an important role to play in the future of cryptocurrency in the years and decades to come, but it's a massively speculative long-shot. See also Nyancoin risks document. But like Linus Torvalds' autobiography, I try to keep "Just for Fun" as a core motto and principle. It's makes for a good hobby project because there will always be more to work on, with a core community motto of
TO INFINITY AND BEYOND!
Disclaimers / Sponsorship:
As I said before:
I am not providing financial advice and I do not make any recommendations of any sort on any matters. Make your own decisions; do your own research. Please, I do not want to hear about anyone doing anything "on my advice." I am not offering advice.
And I'll reiterate that I own about 30% [g] of the current supply of NYAN, which makes me by definition maximally biased.
Also, I'm not sure what's up with the address from the first post. It doesn't show up in my current wallet as a recognized address. So, anyhow, don't send there. :-) If you'd like to donate, please consider sponsoring a coin-a-day or coin-a-week article.
This is the first sponsored article. This Coin-a-Year article has been brought to you by spydud22 's generous patronage. I'd been meaning to do a Coin-a-Week article on Nyancoin for a while, but between wanting to "wait until the price recovered a bit" and general procrastination, then it seemed like it would make a good Coin-a-Year article, and then I wanted to wait until the price recovered a bit more...anyhow, so thank you spydud22, for causing me to finally do this. :-)
Footnotes
  • [a] nyan.space/chain/Nyancoin ; as of block 1091430, 263738786.71890615 NYAN outstanding. This is slightly over 50% more than the last report, which is what we would expect, since it had existed for about a year then, and has approximately annual halvings. The first year generated about 50% of total supply; the second year generated about 25% of total supply. We should expect in a year to have about 17% (one-sixth) more than we have now.
  • [b] https://www.cryptopia.co.nz/Exchange?market=NYAN_BTC ; this is the only market reflected in coinmarketcap and it is the primary one on which I trade. Cryptopia also has other base pairs which operate at significantly higher spreads (lower bids; higher asks) and have minimal volume. In the time since the last report, NYAN has traded as high as 60 satoshi (and briefly a little higher at times), but over the last almost twelve months since a peak about a year ago, the price has been generally declining overall, as a gross oversimplification of a lot of movements. This has been an effect of me not being able to keep buying as much and there being large dumps I wasn't expecting from time-to-time. Now I'm taking the approach of building large (one or more nillion (million NYAN)) bids on each price as I slowly work my way back up again in order to be able to handle possible dumps with less price shock.
  • [c] coinmarketcap.com/currencies/nyancoin/ ; as noted in [b], this only reflects the /BTC basepair on Cryptopia but that's where most of the volume is anyhow. Of course, the market is also not particularly liquid since I'm the primary buyer and have rather limited means currently.
  • [d] I haven't setup a script to count this yet, among many things on my to-do list for someday, so I went through by hand from what was the then-latest block of 1091430 on nyan.space back to 1089766 which was the first block generated less than 24 hours before. There was actually a three and a half hour block gap at that point, such that the next prior block was about 24 hours and 15 minutes before 1091430 while 1089766 was only about 20 hours and 45 minutes prior, and has a disproportionate number of transactions and value compared to a typical block (8 and ~313,000 NYAN respectively) from the build-up during the gap. But since that gap conveniently started right about at the start of the 24 hour period, doesn't really skew our results here.
Note that there are often times where the UTXO created during one transaction during the day is spent during a later transaction in the day. This can be considered the "same" Nyancoin being "spent" twice in the same day in our total. But in practice, I believe what's happening here is the faucet is breaking off small (10-50 NYAN) pieces from a larger (~40,000 NYAN) chunk, and so that pops up a bunch of times. So the total NYAN blockchain volume as counted for this topline number should not be interpreted as "NYAN spent in the day" but "NYAN moved on the chain", where the "same coin" can move many times. So it's a very easily gamed metric and not a strong / resistant metric like the market price tends to be (at least relatively speaking), but it's a fun number to calculate and provides a little bit of information.
The transaction count can also be easily inflated and certainly, for instance, having the faucet does generate transactions which are a very common transaction.
And this is also just an arbitrary 24 hour period compared to a previous arbitrary 24 hour period. Nonetheless, I do think there's clearly a bit more activity on the Nyanchain, even though the typical block is still empty and the number of transactions and volume is still tiny compared to the major cryptocurrencies.
Here's an arbitrary example of the faucet transactions Note the zero transaction fee, which I love that the miners support (the defaults are all quite low as well).
Here's an example of what may be the smallest transaction by NYAN volume of the day; but no, I followed its small, spent output, and it led to this gem which also links to this. I have no idea what's going on here, but it's hilarious and I love it. How's that for microtransaction support? :-)
  • [e] Obviously Cryptsy went down. We had had more than enough red flags with Cryptsy (including one time where I was able to withdraw 6 nillion more than I had in my balance) and got onto Cryptopia. spydud22 basically accomplished that for us, although I helped out in the tail end of the campaigning.
  • [f] Our community is still small (I wish there were literally dozens of us!) but we've had valuable activity from multiple people, including, just as highlights, vmp32k who hosts nyan.space, a clone of the original nyancha.in, jwflame who created the excellent nyancoin.info intro site, with the awesome status page (which currently notes that "the last 500 blocks actually took 111 minutes, which is approaching the speed of light, causing the universe to become unstable"), KojoSlayer who runs the faucet and dice, spydud22 who got us on Cryptopia, and many other Nekonauts have made worthy contributions, and the Nekonauts mentioned have done more than just that listed. So while we are small, we are active at least from time to time and technically capable.
Even though our posting rate is still around 1 post a day or so on average, and so still a relatively quiet subreddit (and it is our main (only?) hub), it's still a very noticeable and significant difference from how /nyancoins looked when I was reviewing it for the original piece here. Here's an attempt to approximate what was there using Reddit search ; archive.org has a snapshot on January 19th, 2015, which is well into the early revival mania and one from August 14th, 2014, before four and a half months of little to no activity. Apparently archive.org unsubscribed to /nyancoins in that interval itself...
  • [g] Maybe up to around 35% by now; maybe still around 30%. I haven't updated hodling report lately; it was 30% last time I recall, but I've bought more and more has been made since.
submitted by coinaday to CryptoCurrency [link] [comments]

I got started with BTC on December 23rd 2013...

Note: Here are my guts reddit, please don't stomp on them too hard. Newbies, you should read this.
I bought my first $30 dollars worth of bitcoin on Dec 23rd, 2013. I was hooked almost immediately. Price went up, I was happy and I kept buying bitcoin every paycheck since then, even despite the price drop during the 1st half of 2014.
I know a lot people don't like to share their bitcoin balances, but I don't have that much so here you go.
http://imgur.com/j99HDHc
In the last ~8 months I have spent $1,358.57 on bitcoin. I purchased a total of 2.13 BTC. Not a lot, I know, but I still think it's pretty cool considering the small % of people that know about bitcoin or let alone own at least 1 full BTC.
Unfortunately I have lost quite a bit by making some poor decisions and trading alt coins. I know some people have made money trading alts, especially those of you that got into darkcoin early. For me trading alts, buying mining contracts and gambling I have lost some here and there and I have been meaning to add it up to see how much... I did the calculations today and turns out I have lost ~$560 USD over the last 8 months. Wow, way more than I thought!
I would have had 0.87 more BTC than I have today if I didn't trade and gamble.
To those of you out there that are relatively new to BTC, you might have better luck than I, but you will likely be better off if you keep it as an investment and don't trade for risky alts or gamble.
I'm still hooked to BTC, and I still buy some every paycheck, but my gambling days are over now that I've seen how much I've lost. All I need now to recover my USD losses is for the price to go up to $1,076 :)
TL;DR: I have been playing with bitcoin over the last 8 months. I finally did the math to see where I'm at and I would be 0.87 BTC richer today if I didn't trade alts, buy mining contracts or gamble on dice sites.
submitted by ZoidbergCoin to Bitcoin [link] [comments]

Physical Blackcoin tokens! 70 other styles as well.

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World Trade Funds Zen Hashlet Frankocoin SMAC
.
As for proof that I'm real and not a scammer. Sure. My dogecoin verification thread: http://www.reddit.com/dogemarket/comments/1zvcrz/official_verification_thread_xii/cg6mkv3 http://www.reddit.com/dogecoin/comments/2nef59/i_got_some_new_engraved_chips_from_cryptochips_wow/
.
Several twitter posts from happy customers: https://twitter.com/PaytonPeterson/status/525863606307409921?lang=en https://twitter.com/CryptoGekko/status/516055577223393280?lang=en https://twitter.com/CrizzlesButtons/status/487415201470242816?lang=en https://twitter.com/jyap/status/516824855980044288 https://twitter.com/CryptoCayce/status/502539216149311488 https://twitter.com/RedditDogecoin/status/499538706181939201 https://twitter.com/stancarney/status/497813882048499712 https://twitter.com/FrankoCurrency/status/581149975477907456 https://twitter.com/a4xMining/status/575406089304473601
submitted by yakpimp to blackcoin [link] [comments]

Physical CannabisCoin tokens! 70 other styles as well.

Ever sit at the computer wondering what happened to your crypto investment? Ever think, 'man I wish I had something to hold in my hand that represented my love of crypto'? Well now you can! Cryptochips.net has high quality poker chips in 78 styles.
.
We just got a fresh batch of Bitcoin, Litecoin and Dogecoin chips in too. These were previously sold out due to high demand.
.
Each chips is a unique and custom design. Printed in beautiful full color on a 10 gram ceramic polymer poker chip. We do not use stickers.
.
Price: ~$2.50 USD (in crypto only)
.
Site: http://Cryptochips.net
.
Beware of copy-cat site (SCAM): bitchips.net Has been scamming people on reddit and some online forums into paying and then never receiving anything.
.
I currently offer free shipping within the USA, and for international orders the shipping is based on the number of chips ordered.
.
Chip Details
.
Pictures
.
How to order
Ordering can be done on the site directly.
  1. Choose the style of chip you want and press the Purchase button.
  2. Select payment type. (Dogecoin, Bitcoin, JBS, Paycoin, Syscoin, Litecoin, Darkcoin, Reddcoin, Pinkcoin, Vericoin)
  3. Confirm and update any quantities for the different styles.
  4. Press the Check Out button.
  5. Enter your shipping information
  6. Press the Complete Order button.
  7. Pay the specified amount to the unique address provided to you. (Payments require 4 confirmations)
  8. Save the status link so you can come back later and see when it ships.
  9. Enjoy your new poker chips!
.
International orders
Most international orders of 4 or less chips can be shipped for about $3 USD. The order info page now has an international button which can calculate the shipping price based on the number of chips.
.
Chip Styles
. . . .
Apexcoin Apexcoin ARCHcoin Bitbay
Bitcoin Bitmark Bitswift Blackcoin
Burstcoin CannabisCoin Checkcoin CLAMs
Cloakcoin Coinmarkets Cryptobuck Darkcoin
Darkshibe Dogecoin Dogecoin Blue Dogecoin Dark
Dogecoin White Dogecoin Yellow Eags Currency Feathercoin
Fuelcoin Genesis Hashlet Hashlet Prime IOCoin
Jumbucks Librexcoin Litecoin Lunar Shibe
Monero Myriadcoin Nautilus Neoscoin
Nextcoin NooHack Opalcoin Paybase
Paycoin Peercoin Pimpcash Pinkcoin
Poker Shibe PotCoin Quarkcoin Razorcoin
Reddcoin Reddit Rocket Shibe Seedcoin
Shadowcoin Stealthcoin Syscoin Tacocoin
Teslacoin Ultracoin Unobtanium Vericoin
Vericoin Black Vericoin Blue Vericoin Green Vericoin White
Vericoin Yellow Vertcoin Viacoin World Aid Coin
World Trade Funds Zen Hashlet Frankocoin SMAC
.
As for proof that I'm real and not a scammer. Sure. My dogecoin verification thread: http://www.reddit.com/dogemarket/comments/1zvcrz/official_verification_thread_xii/cg6mkv3 http://www.reddit.com/dogecoin/comments/2nef59/i_got_some_new_engraved_chips_from_cryptochips_wow/
.
Several twitter posts from happy customers: https://twitter.com/PaytonPeterson/status/525863606307409921?lang=en https://twitter.com/CryptoGekko/status/516055577223393280?lang=en https://twitter.com/CrizzlesButtons/status/487415201470242816?lang=en https://twitter.com/jyap/status/516824855980044288 https://twitter.com/CryptoCayce/status/502539216149311488 https://twitter.com/RedditDogecoin/status/499538706181939201 https://twitter.com/stancarney/status/497813882048499712 https://twitter.com/FrankoCurrency/status/581149975477907456 https://twitter.com/a4xMining/status/575406089304473601
submitted by yakpimp to CannabisCoins [link] [comments]

Physical ShadowCoin tokens! 70 other styles as well.

Ever sit at the computer wondering what happened to your crypto investment? Ever think, 'man I wish I had something to hold in my hand that represented my love of crypto'? Well now you can! Cryptochips.net has high quality poker chips in 78 styles.
.
We just got a fresh batch of Bitcoin, Litecoin and Dogecoin chips in too. These were previously sold out due to high demand.
.
Each chips is a unique and custom design. Printed in beautiful full color on a 10 gram ceramic polymer poker chip. We do not use stickers.
.
Price: ~$2.50 USD (in crypto only)
.
Site: http://Cryptochips.net
.
Beware of copy-cat site (SCAM): bitchips.net Has been scamming people on reddit and some online forums into paying and then never receiving anything.
.
I currently offer free shipping within the USA, and for international orders the shipping is based on the number of chips ordered.
.
Chip Details
.
Pictures
.
How to order
Ordering can be done on the site directly.
  1. Choose the style of chip you want and press the Purchase button.
  2. Select payment type. (Dogecoin, Bitcoin, JBS, Paycoin, Syscoin, Litecoin, Darkcoin, Reddcoin, Pinkcoin, Vericoin)
  3. Confirm and update any quantities for the different styles.
  4. Press the Check Out button.
  5. Enter your shipping information
  6. Press the Complete Order button.
  7. Pay the specified amount to the unique address provided to you. (Payments require 4 confirmations)
  8. Save the status link so you can come back later and see when it ships.
  9. Enjoy your new poker chips!
.
International orders
Most international orders of 4 or less chips can be shipped for about $3 USD. The order info page now has an international button which can calculate the shipping price based on the number of chips.
.
Chip Styles
. . . .
Apexcoin Apexcoin ARCHcoin Bitbay
Bitcoin Bitmark Bitswift Blackcoin
Burstcoin CannabisCoin Checkcoin CLAMs
Cloakcoin Coinmarkets Cryptobuck Darkcoin
Darkshibe Dogecoin Dogecoin Blue Dogecoin Dark
Dogecoin White Dogecoin Yellow Eags Currency Feathercoin
Fuelcoin Genesis Hashlet Hashlet Prime IOCoin
Jumbucks Librexcoin Litecoin Lunar Shibe
Monero Myriadcoin Nautilus Neoscoin
Nextcoin NooHack Opalcoin Paybase
Paycoin Peercoin Pimpcash Pinkcoin
Poker Shibe PotCoin Quarkcoin Razorcoin
Reddcoin Reddit Rocket Shibe Seedcoin
Shadowcoin Stealthcoin Syscoin Tacocoin
Teslacoin Ultracoin Unobtanium Vericoin
Vericoin Black Vericoin Blue Vericoin Green Vericoin White
Vericoin Yellow Vertcoin Viacoin World Aid Coin
World Trade Funds Zen Hashlet Frankocoin SMAC
.
As for proof that I'm real and not a scammer. Sure. My dogecoin verification thread: http://www.reddit.com/dogemarket/comments/1zvcrz/official_verification_thread_xii/cg6mkv3 http://www.reddit.com/dogecoin/comments/2nef59/i_got_some_new_engraved_chips_from_cryptochips_wow/
.
Several twitter posts from happy customers: https://twitter.com/PaytonPeterson/status/525863606307409921?lang=en https://twitter.com/CryptoGekko/status/516055577223393280?lang=en https://twitter.com/CrizzlesButtons/status/487415201470242816?lang=en https://twitter.com/jyap/status/516824855980044288 https://twitter.com/CryptoCayce/status/502539216149311488 https://twitter.com/RedditDogecoin/status/499538706181939201 https://twitter.com/stancarney/status/497813882048499712 https://twitter.com/FrankoCurrency/status/581149975477907456 https://twitter.com/a4xMining/status/575406089304473601
submitted by yakpimp to Shadowcash [link] [comments]

[SG]Physical Dogecoin poker chips! 100 other styles to choose from too!

Ever sit at the computer wondering what happened to your crypto investment? Ever think, 'man I wish I had something to hold in my hand that represented my love of crypto'? Well now you can! Cryptochips.net has high quality poker chips in 78 styles.
.
We just got a fresh batch of Bitcoin, Litecoin and Dogecoin chips in too. These were previously sold out due to high demand.
.
Each chips is a unique and custom design. Printed in beautiful full color on a 10 gram ceramic polymer poker chip. We do not use stickers.
.
Price: ~$2.50 USD (in crypto only)
.
Site: http://Cryptochips.net
.
Beware of copy-cat site (SCAM): bitchips.net Has been scamming people on reddit and some online forums into paying and then never receiving anything.
.
I currently offer free shipping within the USA, and for international orders the shipping is based on the number of chips ordered.
.
Chip Details
.
Pictures
.
How to order
Ordering can be done on the site directly.
  1. Choose the style of chip you want and press the Purchase button.
  2. Select payment type. (Dogecoin, Bitcoin, JBS, Paycoin, Syscoin, Litecoin, Darkcoin, Reddcoin, Pinkcoin, Vericoin)
  3. Confirm and update any quantities for the different styles.
  4. Press the Check Out button.
  5. Enter your shipping information
  6. Press the Complete Order button.
  7. Pay the specified amount to the unique address provided to you. (Payments require 4 confirmations)
  8. Save the status link so you can come back later and see when it ships.
  9. Enjoy your new poker chips!
.
International orders
Most international orders of 4 or less chips can be shipped for about $3 USD. The order info page now has an international button which can calculate the shipping price based on the number of chips.
.
Chip Styles
. . . .
Apexcoin Apexcoin ARCHcoin Bitbay
Bitcoin Bitmark Bitswift Blackcoin
Burstcoin CannabisCoin Checkcoin CLAMs
Cloakcoin Coinmarkets Cryptobuck Darkcoin
Darkshibe Dogecoin Dogecoin Blue Dogecoin Dark
Dogecoin White Dogecoin Yellow Eags Currency Feathercoin
Fuelcoin Genesis Hashlet Hashlet Prime IOCoin
Jumbucks Librexcoin Litecoin Lunar Shibe
Monero Myriadcoin Nautilus Neoscoin
Nextcoin NooHack Opalcoin Paybase
Paycoin Peercoin Pimpcash Pinkcoin
Poker Shibe PotCoin Quarkcoin Razorcoin
Reddcoin Reddit Rocket Shibe Seedcoin
Shadowcoin Stealthcoin Syscoin Tacocoin
Teslacoin Ultracoin Unobtanium Vericoin
Vericoin Black Vericoin Blue Vericoin Green Vericoin White
Vericoin Yellow Vertcoin Viacoin World Aid Coin
World Trade Funds Zen Hashlet Frankocoin SMAC
.
Several twitter posts from happy customers: https://twitter.com/PaytonPeterson/status/525863606307409921?lang=en https://twitter.com/CryptoGekko/status/516055577223393280?lang=en https://twitter.com/CrizzlesButtons/status/487415201470242816?lang=en https://twitter.com/jyap/status/516824855980044288 https://twitter.com/CryptoCayce/status/502539216149311488 https://twitter.com/RedditDogecoin/status/499538706181939201 https://twitter.com/stancarney/status/497813882048499712 https://twitter.com/FrankoCurrency/status/581149975477907456 https://twitter.com/a4xMining/status/575406089304473601
submitted by cryptochipsnet to dogemarket [link] [comments]

Physical PotCoin tokens! 70 other styles as well.

Ever sit at the computer wondering what happened to your crypto investment? Ever think, 'man I wish I had something to hold in my hand that represented my love of crypto'? Well now you can! Cryptochips.net has high quality poker chips in 78 styles.
.
We just got a fresh batch of Bitcoin, Litecoin and Dogecoin chips in too. These were previously sold out due to high demand.
.
Each chips is a unique and custom design. Printed in beautiful full color on a 10 gram ceramic polymer poker chip. We do not use stickers.
.
Price: ~$2.50 USD (in crypto only)
.
Site: http://Cryptochips.net
.
Beware of copy-cat site (SCAM): bitchips.net Has been scamming people on reddit and some online forums into paying and then never receiving anything.
.
I currently offer free shipping within the USA, and for international orders the shipping is based on the number of chips ordered.
.
Chip Details
.
Pictures
.
How to order
Ordering can be done on the site directly.
  1. Choose the style of chip you want and press the Purchase button.
  2. Select payment type. (Dogecoin, Bitcoin, JBS, Paycoin, Syscoin, Litecoin, Darkcoin, Reddcoin, Pinkcoin, Vericoin)
  3. Confirm and update any quantities for the different styles.
  4. Press the Check Out button.
  5. Enter your shipping information
  6. Press the Complete Order button.
  7. Pay the specified amount to the unique address provided to you. (Payments require 4 confirmations)
  8. Save the status link so you can come back later and see when it ships.
  9. Enjoy your new poker chips!
.
International orders
Most international orders of 4 or less chips can be shipped for about $3 USD. The order info page now has an international button which can calculate the shipping price based on the number of chips.
.
Chip Styles
. . . .
Apexcoin Apexcoin ARCHcoin Bitbay
Bitcoin Bitmark Bitswift Blackcoin
Burstcoin CannabisCoin Checkcoin CLAMs
Cloakcoin Coinmarkets Cryptobuck Darkcoin
Darkshibe Dogecoin Dogecoin Blue Dogecoin Dark
Dogecoin White Dogecoin Yellow Eags Currency Feathercoin
Fuelcoin Genesis Hashlet Hashlet Prime IOCoin
Jumbucks Librexcoin Litecoin Lunar Shibe
Monero Myriadcoin Nautilus Neoscoin
Nextcoin NooHack Opalcoin Paybase
Paycoin Peercoin Pimpcash Pinkcoin
Poker Shibe PotCoin Quarkcoin Razorcoin
Reddcoin Reddit Rocket Shibe Seedcoin
Shadowcoin Stealthcoin Syscoin Tacocoin
Teslacoin Ultracoin Unobtanium Vericoin
Vericoin Black Vericoin Blue Vericoin Green Vericoin White
Vericoin Yellow Vertcoin Viacoin World Aid Coin
World Trade Funds Zen Hashlet Frankocoin SMAC
.
As for proof that I'm real and not a scammer. Sure. My dogecoin verification thread: http://www.reddit.com/dogemarket/comments/1zvcrz/official_verification_thread_xii/cg6mkv3 http://www.reddit.com/dogecoin/comments/2nef59/i_got_some_new_engraved_chips_from_cryptochips_wow/
.
Several twitter posts from happy customers: https://twitter.com/PaytonPeterson/status/525863606307409921?lang=en https://twitter.com/CryptoGekko/status/516055577223393280?lang=en https://twitter.com/CrizzlesButtons/status/487415201470242816?lang=en https://twitter.com/jyap/status/516824855980044288 https://twitter.com/CryptoCayce/status/502539216149311488 https://twitter.com/RedditDogecoin/status/499538706181939201 https://twitter.com/stancarney/status/497813882048499712 https://twitter.com/FrankoCurrency/status/581149975477907456 https://twitter.com/a4xMining/status/575406089304473601
submitted by yakpimp to potcoin [link] [comments]

Physical Franko tokens! 70 other styles as well.

Ever sit at the computer wondering what happened to your crypto investment? Ever think, 'man I wish I had something to hold in my hand that represented my love of crypto'? Well now you can! Cryptochips.net has high quality poker chips in 78 styles.
.
We just got a fresh batch of Bitcoin, Litecoin and Dogecoin chips in too. These were previously sold out due to high demand.
.
Each chips is a unique and custom design. Printed in beautiful full color on a 10 gram ceramic polymer poker chip. We do not use stickers.
.
Price: ~$2.50 USD (in crypto only)
.
Site: http://Cryptochips.net
.
Beware of copy-cat site (SCAM): bitchips.net Has been scamming people on reddit and some online forums into paying and then never receiving anything.
.
I currently offer free shipping within the USA, and for international orders the shipping is based on the number of chips ordered.
.
Chip Details
.
Pictures
.
How to order
Ordering can be done on the site directly.
  1. Choose the style of chip you want and press the Purchase button.
  2. Select payment type. (Dogecoin, Bitcoin, JBS)
  3. Confirm and update any quantities for the different styles.
  4. Press the Check Out button.
  5. Enter your shipping information
  6. Press the Complete Order button.
  7. Pay the specified amount to the unique address provided to you. (Payments require 4 confirmations)
  8. Save the status link so you can come back later and see when it ships.
  9. Enjoy your new poker chips!
.
International orders
Most international orders of 4 or less chips can be shipped for about $3 USD. The order info page now has an international button which can calculate the shipping price based on the number of chips.
.
Chip Styles
. . . .
Apexcoin Apexcoin ARCHcoin Bitbay
Bitcoin Bitmark Bitswift Blackcoin
Burstcoin CannabisCoin Checkcoin CLAMs
Cloakcoin Coinmarkets Cryptobuck Darkcoin
Darkshibe Dogecoin Dogecoin Blue Dogecoin Dark
Dogecoin White Dogecoin Yellow Eags Currency Feathercoin
Fuelcoin Genesis Hashlet Hashlet Prime IOCoin
Jumbucks Librexcoin Litecoin Lunar Shibe
Monero Myriadcoin Nautilus Neoscoin
Nextcoin NooHack Opalcoin Paybase
Paycoin Peercoin Pimpcash Pinkcoin
Poker Shibe PotCoin Quarkcoin Razorcoin
Reddcoin Reddit Rocket Shibe Seedcoin
Shadowcoin Stealthcoin Syscoin Tacocoin
Teslacoin Ultracoin Unobtanium Vericoin
Vericoin Black Vericoin Blue Vericoin Green Vericoin White
Vericoin Yellow Vertcoin Viacoin World Aid Coin
World Trade Funds Zen Hashlet Frankocoin SMAC
.
As for proof that I'm real and not a scammer. Sure. My dogecoin verification thread: http://www.reddit.com/dogemarket/comments/1zvcrz/official_verification_thread_xii/cg6mkv3 http://www.reddit.com/dogecoin/comments/2nef59/i_got_some_new_engraved_chips_from_cryptochips_wow/
.
Several twitter posts from happy customers: https://twitter.com/PaytonPeterson/status/525863606307409921?lang=en https://twitter.com/CryptoGekko/status/516055577223393280?lang=en https://twitter.com/CrizzlesButtons/status/487415201470242816?lang=en https://twitter.com/jyap/status/516824855980044288 https://twitter.com/CryptoCayce/status/502539216149311488 https://twitter.com/RedditDogecoin/status/499538706181939201 https://twitter.com/stancarney/status/497813882048499712 https://twitter.com/FrankoCurrency/status/581149975477907456 https://twitter.com/a4xMining/status/575406089304473601
submitted by yakpimp to Franko [link] [comments]

Physical Vericoin tokens! 70 other styles as well.

Ever sit at the computer wondering what happened to your crypto investment? Ever think, 'man I wish I had something to hold in my hand that represented my love of crypto'? Well now you can! Cryptochips.net has high quality poker chips in 78 styles.
.
We just got a fresh batch of Bitcoin, Litecoin and Dogecoin chips in too. These were previously sold out due to high demand.
.
Each chips is a unique and custom design. Printed in beautiful full color on a 10 gram ceramic polymer poker chip. We do not use stickers.
.
Price: ~$2.50 USD (in crypto only)
.
Site: http://Cryptochips.net
.
Beware of copy-cat site (SCAM): bitchips.net Has been scamming people on reddit and some online forums into paying and then never receiving anything.
.
I currently offer free shipping within the USA, and for international orders the shipping is based on the number of chips ordered.
.
Chip Details
.
Pictures
.
How to order
Ordering can be done on the site directly.
  1. Choose the style of chip you want and press the Purchase button.
  2. Select payment type. (Dogecoin, Bitcoin, JBS, Paycoin, Syscoin, Litecoin, Darkcoin, Reddcoin, Pinkcoin, Vericoin)
  3. Confirm and update any quantities for the different styles.
  4. Press the Check Out button.
  5. Enter your shipping information
  6. Press the Complete Order button.
  7. Pay the specified amount to the unique address provided to you. (Payments require 4 confirmations)
  8. Save the status link so you can come back later and see when it ships.
  9. Enjoy your new poker chips!
.
International orders
Most international orders of 4 or less chips can be shipped for about $3 USD. The order info page now has an international button which can calculate the shipping price based on the number of chips.
.
Chip Styles
. . . .
Apexcoin Apexcoin ARCHcoin Bitbay
Bitcoin Bitmark Bitswift Blackcoin
Burstcoin CannabisCoin Checkcoin CLAMs
Cloakcoin Coinmarkets Cryptobuck Darkcoin
Darkshibe Dogecoin Dogecoin Blue Dogecoin Dark
Dogecoin White Dogecoin Yellow Eags Currency Feathercoin
Fuelcoin Genesis Hashlet Hashlet Prime IOCoin
Jumbucks Librexcoin Litecoin Lunar Shibe
Monero Myriadcoin Nautilus Neoscoin
Nextcoin NooHack Opalcoin Paybase
Paycoin Peercoin Pimpcash Pinkcoin
Poker Shibe PotCoin Quarkcoin Razorcoin
Reddcoin Reddit Rocket Shibe Seedcoin
Shadowcoin Stealthcoin Syscoin Tacocoin
Teslacoin Ultracoin Unobtanium Vericoin
Vericoin Black Vericoin Blue Vericoin Green Vericoin White
Vericoin Yellow Vertcoin Viacoin World Aid Coin
World Trade Funds Zen Hashlet Frankocoin SMAC
.
As for proof that I'm real and not a scammer. Sure. My dogecoin verification thread: http://www.reddit.com/dogemarket/comments/1zvcrz/official_verification_thread_xii/cg6mkv3 http://www.reddit.com/dogecoin/comments/2nef59/i_got_some_new_engraved_chips_from_cryptochips_wow/
.
Several twitter posts from happy customers: https://twitter.com/PaytonPeterson/status/525863606307409921?lang=en https://twitter.com/CryptoGekko/status/516055577223393280?lang=en https://twitter.com/CrizzlesButtons/status/487415201470242816?lang=en https://twitter.com/jyap/status/516824855980044288 https://twitter.com/CryptoCayce/status/502539216149311488 https://twitter.com/RedditDogecoin/status/499538706181939201 https://twitter.com/stancarney/status/497813882048499712 https://twitter.com/FrankoCurrency/status/581149975477907456 https://twitter.com/a4xMining/status/575406089304473601
submitted by yakpimp to vericoin [link] [comments]

Physical Paycoin tokens! 70 other styles as well.

Ever sit at the computer wondering what happened to your crypto investment? Ever think, 'man I wish I had something to hold in my hand that represented my love of crypto'? Well now you can! Cryptochips.net has high quality poker chips in 78 styles.
.
We just got a fresh batch of Bitcoin, Litecoin and Dogecoin chips in too. These were previously sold out due to high demand.
.
Each chips is a unique and custom design. Printed in beautiful full color on a 10 gram ceramic polymer poker chip. We do not use stickers.
.
Price: ~$2.50 USD (in crypto only)
.
Site: http://Cryptochips.net
.
Beware of copy-cat site (SCAM): bitchips.net Has been scamming people on reddit and some online forums into paying and then never receiving anything.
.
I currently offer free shipping within the USA, and for international orders the shipping is based on the number of chips ordered.
.
Chip Details
.
Pictures
.
How to order
Ordering can be done on the site directly.
  1. Choose the style of chip you want and press the Purchase button.
  2. Select payment type. (Dogecoin, Bitcoin, JBS, Paycoin, Syscoin, Litecoin, Darkcoin, Reddcoin, Pinkcoin, Vericoin)
  3. Confirm and update any quantities for the different styles.
  4. Press the Check Out button.
  5. Enter your shipping information
  6. Press the Complete Order button.
  7. Pay the specified amount to the unique address provided to you. (Payments require 4 confirmations)
  8. Save the status link so you can come back later and see when it ships.
  9. Enjoy your new poker chips!
.
International orders
Most international orders of 4 or less chips can be shipped for about $3 USD. The order info page now has an international button which can calculate the shipping price based on the number of chips.
.
Chip Styles
. . . .
Apexcoin Apexcoin ARCHcoin Bitbay
Bitcoin Bitmark Bitswift Blackcoin
Burstcoin CannabisCoin Checkcoin CLAMs
Cloakcoin Coinmarkets Cryptobuck Darkcoin
Darkshibe Dogecoin Dogecoin Blue Dogecoin Dark
Dogecoin White Dogecoin Yellow Eags Currency Feathercoin
Fuelcoin Genesis Hashlet Hashlet Prime IOCoin
Jumbucks Librexcoin Litecoin Lunar Shibe
Monero Myriadcoin Nautilus Neoscoin
Nextcoin NooHack Opalcoin Paybase
Paycoin Peercoin Pimpcash Pinkcoin
Poker Shibe PotCoin Quarkcoin Razorcoin
Reddcoin Reddit Rocket Shibe Seedcoin
Shadowcoin Stealthcoin Syscoin Tacocoin
Teslacoin Ultracoin Unobtanium Vericoin
Vericoin Black Vericoin Blue Vericoin Green Vericoin White
Vericoin Yellow Vertcoin Viacoin World Aid Coin
World Trade Funds Zen Hashlet Frankocoin SMAC
.
As for proof that I'm real and not a scammer. Sure. My dogecoin verification thread: http://www.reddit.com/dogemarket/comments/1zvcrz/official_verification_thread_xii/cg6mkv3 http://www.reddit.com/dogecoin/comments/2nef59/i_got_some_new_engraved_chips_from_cryptochips_wow/
.
Several twitter posts from happy customers: https://twitter.com/PaytonPeterson/status/525863606307409921?lang=en https://twitter.com/CryptoGekko/status/516055577223393280?lang=en https://twitter.com/CrizzlesButtons/status/487415201470242816?lang=en https://twitter.com/jyap/status/516824855980044288 https://twitter.com/CryptoCayce/status/502539216149311488 https://twitter.com/RedditDogecoin/status/499538706181939201 https://twitter.com/stancarney/status/497813882048499712 https://twitter.com/FrankoCurrency/status/581149975477907456 https://twitter.com/a4xMining/status/575406089304473601
submitted by yakpimp to paycoin [link] [comments]

Bitcoin profit mining calculator - YouTube bitcoin mining calculator EOBOT Mineracao de Bitcoins Online,Dogecoin,Darkcoin,Litecoin,Namencoin Bitcoin Mining Calculator Profit - Hashflare Bitcoin Mining  Ethereum Mining vs Bitcoin Mining New free Cloud mining Sites 2020  Bitcoin mining ...

The Dash mining profitability results and mining rewards were calculated using the best DASH mining calculator with the following inputs. A DASH mining difficulty of 196,091,883.49, a DASH mining hashrate of 65,000.00 MH/s consuming 1,500 watts of power at $0.10 per kWh, and a block reward of 1.55 DASH at $72.11 (DASH to USD). Bitcoin Diamond (BCD) This website is made possible and remain free by displaying online advertisements to our users. Please consider supporting us by pausing your ad blocker or whitelisting this website. The Best Bitcoin mining Software, try it Now! Depending on the difficulty of mining the block and the value to be deciphered, your profit may change, however, on average our users with the key of the Silver plan, with 3 uses in a day, have been able to generate between 0.15 BTC and 0.32 BTC, which is profitable if you compare it with the investment of the Mining key. Accurate Feathercoin mining calculator trusted by millions of cryptocurrency miners. Updated in 2020, the newest version of the Feathercoin mining calculator makes it simple and easy to quickly calculate mining profitability for your Feathercoin mining hardware. If you want to start Dash or DarkCoin mining, here are a few basics. Let’s start with CPU mining, meaning that you are primarily using your desktop processor. The first step is to disable your antivirus. This is because the Dash wallet and the mining software are considered viruses. This can be mostly be traced to the fact that the software shares a lot of data and looks suspicious. If the ...

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Bitcoin profit mining calculator - YouTube

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