Note: You can read this on GitHub, Medium or old Reddit to see the 207 links. Development
The biggest announcement of the month was the new kind of decentralized exchange
proposed by @jy-p of Company 0. The Community Discussions section considers the stakeholders' response.
dcrd: Peer management and connectivity improvements. Some work for
improved sighash algo. A new
optimization that gives 3-4x faster serving of headers, which is great for SPV. This was another step towards multipeer parallel downloads – check
this issue for a clear overview of progress and planned work for next months (and some engineering delight). As usual, codebase cleanup, improvements to error handling, test infrastructure and test coverage.
Decrediton: work towards watching only wallets, lots of bugfixes and visual design improvements. Preliminary work to integrate SPV has begun.
Politeia is live on testnet! Useful links:
announcement,
introduction, command line voting
example,
example proposal with some votes,
mini-guide how to compose a proposal.
Trezor: Decred appeared in the
firmware update and on
Trezor website, currently for testnet only. Next steps are mainnet support and integration in wallets. For the progress of Decrediton support you can track
this meta issue.
dcrdata: Continued work on Insight API support, see this
meta issue for progress overview. It is important for integrations due to its popularity. Ongoing work to add charts. A big database change to improve sorting on the Address page was
merged and bumped version to 3.0. Work to visualize agenda voting
continues.
Ticket splitting: 11-way ticket split from last month
has voted (
transaction).
Ethereum support in atomicswap is
progressing and welcomes more eyeballs.
decred.org: revamped
Press page with dozens of added articles, and a shiny new
Roadmap page.
decredinfo.com: a new Decred dashboard by lte13. Reddit announcement
here.
Dev activity stats for June: 245 active PRs, 184 master commits, 25,973 added and 13,575 deleted lines spread across 8 repositories. Contributions came from 2 to 10 developers per repository. (
chart)
Network
Hashrate: growth continues, the month started at 15 and ended at 44 PH/s with some wild 30% swings on the way. The peak was 53.9 PH/s.
F2Pool was the leader varying between 36% and 59% hashrate, followed by coinmine.pl holding between 18% and 29%. In response to concerns about its hashrate share, F2Pool made a
statement that they will consider measures like rising the fees to prevent growing to 51%.
Staking: 30-day average ticket price is 94.7 DCR (+3.4). The price was steadily rising from 90.7 to 95.8 peaking at 98.1. Locked DCR grew from 3.68 to 3.81 million DCR, the highest value was 3.83 million corresponding to 47.87% of supply (+0.7% from previous peak).
Nodes: there are 240 public listening and 115 normal nodes per
dcred.eu. Version distribution: 57% on v1.2.0 (+12%), 25% on v1.1.2 (-13%), 14% on v1.1.0 (-1%). Note: the reported count of non-listening nodes has dropped significantly due to data reset at decred.eu. It will take some time before the crawler collects more data. On top of that, there is no way to exactly count non-listening nodes. To illustrate, an alternative data source, charts.dcr.farm
showed 690 reachable nodes on Jul 1.
Extraordinary event:
247361 and
247362 were two nearly full blocks. Normally blocks are 10-20 KiB, but these blocks were 374 KiB (max is 384 KiB).
ASICs
Update from Obelisk: shipping is expected in first half of July and there is non-zero chance to meet hashrate target.
Another Chinese ASIC
spotted on the web: Flying Fish D18 with 340 GH/s at 180 W costing 2,200 CNY (~340 USD). (
asicok.com –
translated, also on
asicminervalue)
dcrASIC team
posted a farewell letter. Despite having an awesome 16 nm chip design, they decided to stop the project citing the saturated mining ecosystem and low profitability for their potential customers.
Integrations
bepool.org is a new mining pool
spotted on dcred.eu.
Exchange integrations:
- Huobi Pro added DCBTC and DCETH pairs.
- OKEx gradually rolled out trading DCR to BTC, ETH, USDT and OKB and added a page for Decred (note a bunch of N/As for ICO-related stats).
- Singapore-based DragonEx announced a DCETH pair.
- Netherlands-based Bitvavo recently added EUR to DCR conversion
- OOOBTC announced DCUSDT pair.
- Changenow announced the option to buy DCR with fiat.
Two OTC trading desks are now shown on decred.org
exchanges page.
BitPro payment gateway added Decred and
posted on Reddit. Notably, it is fully functional without javascript or cookies and does not ask for name or email, among other
features.
Guarda Wallet integrated Decred. Currently only in their web wallet, but more may come in future. Notable feature is "DCR purchase with a bank card". See more details in their
post or ask their representative on
Reddit. Important: do your best to understand the security model before using any wallet software.
Adoption
Merchants:
- NeverFiat marketplace now accepts Decred. Notably it utilizes GloBee and recently announced Lightning support for Bitcoin.
- Crypto and Tech Gear integrated Decred and has a branded mouse pad for sale, as well as other merch.
- TokenPride: "We are seeking feedback on the general setup of our payment processor. We have tried to make it simple and user friendly. 10% of all purchases made in Decred will be donated to the Decred Development fund - and we will be releasing original Decred designs in the future".
BlueYard Capital
announced investment in Decred and the intent to be long term
supporters and to actively participate in the network's governance. In an
overview post they stressed core values of the project:
There are a few other remarkable characteristics that are a testament to the DNA of the team behind Decred: there was no sale of DCR to investors, no venture funding, and no payment to exchanges to be listed – underscoring that the Decred team and contributors are all about doing the right thing for long term (as manifested in their constitution for the project).
The most encouraging thing we can see is both the quality and quantity of high calibre developers flocking to the project, in addition to a vibrant community attaching their identity to the project.
The company will be hosting an event in Berlin, see Events below.
Arbitrade is now
mining Decred.
Events
Attended:
- Meetup in Belo Horizonte, Brazil.
- Meetup in Rio de Janeiro, Brazil. (photo)
- Campus Party in Brasilia, Brazil. @girino, @Rhama and @matheusd talked about Decred. Matheus was interviewed by a TV channel. Check this quick report about the event, click "Show newer" to continue reading. (photos: 1 2 3)
- Blockchain Connect Conference in Silicon Valley, USA. (photo)
- Zcon0 in Montreal, Canada. @jz represented Decred.
- Blockchain Summit in London, UK. This was not a full blown presence with stand but rather investigation of opportunities by @kyle and @Ani. The resulting detailed report is a good example of a document advising to stakeholders whether it is worth spending project funds.
Upcoming:
- Meetup in Berlin, Germany on July 18. @jz will give a talk and Q&A about Decred and chat with Ele from @oscoin about incentivizing developers. Hosted by BlueYard Capital.
- O'Reilly Open Source Convention in Portland, USA on July 18-19. People wishing to attend this developer focused event can use Decred25 discount code when registering to save 25%. For any questions join #event_planning and contact @Jesiki, she can also invite you to any gatherings in the area.
Media
stakey.club: a new website by @mm:
Hey guys! I'd like to share with you my latest adventure: Stakey Club, hosted at stakey.club, is a website dedicated to Decred. I posted a few articles in Brazilian Portuguese and in English. I also translated to Portuguese some posts from the Decred Blog. I hope you like it! (slack)
@morphymore translated Placeholder's
Decred Investment Thesis and Richard Red's
write-up on Politeia to Chinese, while @DZ translated Decred Roadmap 2018 to
Italian and
Russian, and A New Kind of DEX to
Italian and
Russian.
Second iteration of Chinese ratings
released. Compared to the
first issue, Decred dropped from 26 to 29 while Bitcoin fell from 13 to 17. We (the authors) restrain ourselves commenting on this one.
Videos:
Audio:
Featured articles:
Articles:
Community Discussions
Community stats: Twitter followers 40,209 (+1,091), Reddit subscribers 8,410 (+243), Slack users 5,830 (+172), GitHub 392 stars and 918 forks of dcrd repository.
An update on our communication systems:
- Matrix chat logs are now viewable on the web with the exception of some channels that are not bridged. The new web logs means our chats are now fully public and indexed by search engines.
- Slack had an outage on Jun 27 that disturbed communications for a few hours, discussions continued on Decred's bridged platforms.
Jake Yocom-Piatt did an
AMA on CryptoTechnology, a forum for serious crypto tech discussion. Some topics covered were Decred attack cost and resistance, voting policies, smart contracts, SPV security, DAO and DPoS.
A new kind of DEX was the subject of an extensive discussion in
#general,
#random,
#trading channels as well as
Reddit. New channel
#thedex was created and attracted more than 100 people.
A frequent and fair question is how the DEX would benefit Decred. @lukebp has put it well:
Projects like these help Decred attract talent. Typically, the people that are the best at what they do aren’t driven solely by money. They want to work on interesting projects that they believe in with other talented individuals. Launching a DEX that has no trading fees, no requirement to buy a 3rd party token (including Decred), and that cuts out all middlemen is a clear demonstration of the ethos that Decred was founded on. It helps us get our name out there and attract the type of people that believe in the same mission that we do. (slack)
Another concern that it will slow down other projects was addressed by @davecgh:
The intent is for an external team to take up the mantle and build it, so it won't have any bearing on the current c0 roadmap. The important thing to keep in mind is that the goal of Decred is to have a bunch of independent teams on working on different things. (slack)
A
chat about Decred fork resistance started on Twitter and continued in
#trading. Community members continue to discuss the finer points of Decred's hybrid system, bringing new users up to speed and answering their questions. The key takeaway from this chat is that the Decred chain is impossible to advance without votes, and to get around that the forker needs to change the protocol in a way that would make it clearly not Decred.
"Against community governance"
article was discussed on
Reddit and
#governance.
"The Downside of Democracy (and What it Means for Blockchain Governance)" was another
article arguing against on-chain governance, discussed
here.
Reddit recap: mining rig shops
discussion;
how centralized is Politeia; controversial
debate on photos of models that yielded useful discussion on our marketing approach;
analysis of a drop in number of transactions;
concerns regarding project
bus factor, removing central authorities, advertising and full node count – received detailed responses; an
argument by insette for maximizing aggregate tx fees;
coordinating network upgrades; a new "Why Decred?"
thread; a
question about quantum resistance with a detailed answer and a recap of current status of quantum resistant algorithms.
Chats recap: Programmatic Proof-of-Work (ProgPoW)
discussion;
possible hashrate of Blake-256 miners is at least ~30% higher than SHA-256d; how Decred is
not vulnerable to SPV leaf/node attack.
Markets
DCR opened the month at ~$93, reached monthly high of $110, gradually dropped to the low of $58 and closed at $67. In BTC terms it was 0.0125 -> 0.0150 -> 0.0098 -> 0.0105. The downturn coincided with a global decline across the whole crypto market.
In the middle of the month Decred was
noticed to be #1 in
onchainfx "% down from ATH" chart and on
this chart by @CoinzTrader. Towards the end of the month it dropped to #3.
Relevant External
Obelisk
announced Launchpad service. The
idea is to work with coin developers to design a custom, ASIC-friendly PoW algorithm together with a first batch of ASICs and distribute them among the community.
Equihash-based ZenCash
was hit by a double spend attack that led to a loss of $450,000 by the exchange which was targeted.
Almost one year after collecting funds, Tezos
announced a surprise identification procedure to claim tokens (
non-javascript version).
A hacker
broke into Syscoin's GitHub account and implanted malware stealing passwords and private keys into Windows binaries. This is a painful reminder for everybody to
verify binaries after download.
Circle
announced new asset listing framework for Poloniex. Relevant to recent discussions of exchange listing bribery:
Please note: we will not accept any kind of payment to list an asset.
Bithumb got
hacked with a $30 m loss.
Zcash organized Zcon0, an event in Canada that focused on privacy tech and governance. An interesting
insight from Keynote Panel on governance: "There is no such thing as on-chain governance".
Microsoft acquired GitHub. There was some debate about whether it is a reason to look into alternative solutions like GitLab right now. It is always a good idea to have a local copy of Decred
source code, just in case.
Status update from @sumiflow on correcting DCR supply on various sites:
To begin with, none of the below sites were showing the correct supply or market cap for Decred but we've made some progress. coingecko.com, coinlib.io, cryptocompare.com, livecoinwatch.com, worldcoinindex.com - corrected! cryptoindex.co, onchainfx.com - awaiting fix coinmarketcap.com - refused to fix because devs have coins too? (slack)
About This Issue
This is the third issue of Decred Journal after
April and
May.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
The new public
Matrix logs look promising and we hope to transition from Slack links to Matrix links. In the meantime, the way to read Slack links is
explained in the previous issue.
As usual, any feedback is appreciated: please comment on
Reddit,
GitHub or
#writers_room. Contributions are welcome too, anything from initial collection to final review to translations.
Credits (Slack names, alphabetical order): bee and Richard-Red. Special thanks to @Haon for bringing May 2018 issue to
medium.
submitted by What is Bitcoin? Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.
It’s the first example of a growing category of money known as cryptocurrency. It was created in 2009 by a software developer called Satoshi Nakamoto. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.
This is a video that explains it better:
Bitcoin Why are a lot of people talking about it? Bitcoin's price skyrocketed in 2017. From around $1,000 per Bitcoin, it is now $11,000. Alternative coins (or altcoins), like Ethereum and Litecoin, went up by as much 1000% this year as well. I have a lot of friends who became millionaires because of Bitcoin just this year.
How do I buy Bitcoin? - Download the coins.ph app from the app store. If you find this guide useful, you can use my referral code. here If you finish the level 2 verification, we'll both get 50 pesos.
- From there, you can load money to your account thru 7-11 outlets or thru banks. You can convert the Peso you deposited into Bitcoin in your account. Note that the price of Bitcoin fluctuates throughout the day, so it is best to convert when the price of Bitcoin is low. If you want to withdraw your money from the app, you can do so via Banks, GCash, etc.
There are also similar apps, like Abra, or physical stores like Moneybees, but I have no experience using them. I believe you can buy Ethereum in Abra and Moneybees.
How do I earn money? You can keep your Bitcoin in your coins.ph account,
HOLD, and wait for the price of Bitcoin to go up. There was this person who posted here in reddit about a few weeks ago that he earned 50k from an initial investment of 35k. I started a few months ago and earned double my initial investment.
If you want to trade, you can transfer your bitcoin from your coins.ph account, to exchanges like Bittrex, Binance, or Poloniex. There are other exchanges, but these are the ones I'm familiar with. Once you've transferred your Bitcoin there, you can buy other coins. Trading is very risky and I do not recommend it if you do not have prior experience. You can lose a lot of money overnight or even in a few minutes.
https://poloniex.com https://www.binance.com https://www.bittrex.com https://www.coinbase.com Stocks, or Bitcoin? The returns if you invest in Bitcoin are huge, potentially. The coins are limited in number, it is becoming harder and harder to mine, and with more people becoming aware of Bitcoin and wanting to invest in it, it will drive the price up. Bitcoins and other cryptocurrencies can go up by 10%, 20% or even 100% or higher overnight. However, you can lose just as much. The prices are very volatile that one good or bad news can affect its price by a lot.
Also, people argue that Bitcoin has no intrinsic value. For stocks, the value is determined by the performance of the company, its assets, earnings, etc. Bitcoin doesn't have that. The price is determined by the demand for it. The banks hate Bitcoin and other cryptocurrencies for good measure and have been calling it a
"bubble".
I'd still say that diversifying your investment is still the best way to go.
Bitcoin's price is too high. What can I do? You don't have to buy 1 bitcoin for 550,000 pesos. You can buy .5, .05, or even .001 Bitcoin. You can also buy other cryptocurrencies. The top cryptocurrencies after Bitcoin are: Ethereum, Bitcoin Cash, Ripple, IOTA, Dash, Litecoin, Bitcoin Gold, NEO, etc.
If you want to own other coins, transfer your Btc to an exchange, and you can buy the other coins there.
You can track your monies by downloading the Blockfolio app. Trust me, there's no better feeling than waking up in the morning to see that you've earned a lot of money while sleeping.
You can check them by going to
https://coinmarketcap.com.
What is Mining? Imagine depositing money in a bank. The bank's database stores the information that you deposited the money and how much you have. In Bitcoin, People are sending bitcoins to each other over the bitcoin network all the time, but unless someone keeps a record of all these transactions, no-one would be able to keep track of who had paid what. The bitcoin network deals with this by collecting all of the transactions made during a set period into a list, called a block. It’s the miners’ job to confirm those transactions, and write them into a general ledger. They are rewarded with the transaction fees and coins.
I personally don't mine, but from what I've gathered, a
"mining rig" costs between 100k-180k pesos depending on the number of video cards. The average ROI is around 4-6 months.
submitted by How to calculate hash rate for mining ph s mining rig I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions. For instance, a gatehub destination tg ripple blockchain consensus ledger with a speed of 60 hashes per second will make 60 guesses per second when trying to solve a block. Hero Member Online Activity: Notify me of new posts by email. It is just an ... What You Need to Know About Mining Rig Virtual Currency Miners. Whether you want to mine Ethereum, Bitcoin, or another virtual currency from your basement or set up a crypto trading business, the first step is to set yourself up with a crypto mining rig. To make sure that you end up with a souped-up computer that fits your every need, check out ... Binance is quest to consolidate extra bitcoin mining hashrate to its pool in Russia and the Central Asia area. The world’s largest crypto alternate is deploying a bodily server node for its pool at BitRiver, the biggest bitcoin mining net hosting provider in Bratsk, Russia. The transfer would give miner homeowners at BitRiver who select … Did you ever heard of 99 Mining? 99 Mining is a website that aims to provide the users with the easiest possible way. All you need to do is enter your bitcoin address and that's it. You can now start mining. Get a chance to use 99 Mining V1.0 for free. If you are earning more in V1.0 of 99 Mining, don't miss the chance in earning even more. 4: Get Involved in Mining. If you have an interest in mining, there’s a good chance that you simply did not put in enough effort. Since most individuals do not advocate mining for incomes crypto foreign money anymore, be sure you purchase a rig first. Second, try to be able to pay high-energy payments. What is Bitcoin Mining Summary. Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as the blockchain.Mining is done by running extremely powerful computers called ASICs that race against other miners in an attempt to guess a specific number.. The first miner to guess the number gets to update the ledger of transactions and also receives a reward of newly minted ... Top cryptocurrency mining rig maker Bitmain may be in for some administrative changes soon, with Wang Haichao, currently head of product engineering, tipped to be the new CEO in place of co-CEOs Wu Jihan and Zhan Ketuan, as reported by South China Morning Post.. Currently, no public announcement has been made by the company or any of the parties involved about this major managerial shift. If you’re not willing to put a lot of money into setting up a mining operation, your best bet could be to get a cloud mining rig. These are relatively low cost, and require no hardware knowledge to get started, no extra electricity bills, and you won’t end up with a machine you can’t sell when bitcoin mining is no longer profitable. The total power of the Bitcoin network has broken through 100 petahashes per second (PH/s) for the first time in the cryptocurrency’s five years of life. According to blockchain.info, the hash rate peaked at 103.4 PH/s on Wednesday before fluctuating back down to 85.3 PH/s on Thursday.It rose up on Friday to around 98 PH/s and will likely break 100 again over the weekend. The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team.
Yes, I still do specualtive coin mining, but I'm starting to stack my bitcoin up. My amd and nvidia mining rig have been huming right along but as you'll see in this vid, profits are scarce. Heute geht's um folgende Themen: Binance gehackt – 7.000 Bitcoin (BTC) gestohlen, Sprott CEO Bullish bzgl. Blockchain gedecktem Gold & Bitmains Mining Power stark gesunken. Blockchain gedecktem ... gpu-mining bitcoin-mining home-cryptocurrency-mine hiveos-setup-install setup-hiveos-nvidia mining-crypto-bitcoin ethereum nvidia amd rx470 rx570 rx580 bitcoin cryptocurrency altcoins bull market ... How to Mining Bitcoin 2019 Bitcoin Mining in 2019 - Still Profitable? Best Cryptocurrency Market Binance https://www.binance.com/?ref=25992167 Litecoin Donat... *update: I've started trading crypto on Binance(http://bit.ly/BiNANCE) and it's amazing! It's opened up a whole new world. Two weeks ago I deposited $1k and ... Send Your Mining Rig Pics in Discord to be featured in upcoming Community Mining Rigs Episodes/Live Streams! Buy GPU ... #Bitcoin #CoinMarketCap #Binance. Category Science & Technology; Show more ... Bitcoin Mining CRYPTO MINER COMPUTER CONSTRUCTION Bitcoin Miner - 2019 Please Guys if you like this video hit like and comment below, I want to know your opinion about it. will upload soon ... Join Binance Exchange Here! https://www.binance.com/?ref=13795076 Join Kucoin Exchange Here! https://www.kucoin.com/#/?r=7chr68 Mine Bitcoin and other Crypto... Buy Crypto in India - Koinex - https://koinex.in/?ref=c5cf08 Exchange Alt Coins - Binance - https://www.binance.com/?ref=11855023 Exchange Alt Coins - Kukoin... Should you buy a pre-built btc cryptocurrency mining rig? The answer depends, lets review the Coinmine One and discuss the status of gpu mining in 2019 and t...