Bitcoin mania is hurting PC gamers by pushing up GPU ...

Bitcoin Farming, Basic Arithmetic, and you

I have written this guide to dispel a common misconception I hear from this community - that putting more than one Graphics Card in your Bitcoin Farm is a great idea.
TLDR: The FIRST graphics card you put in your bitcoin farm generates a bitcoin every 20 hours. Every additional graphics card you put in your bitcoin farm generates a bitcoin every 333.33 hours. This information is misstated on the wiki and in many videos I've seen.
More Complicated Maths TLDR from u/Mekhazzio :
TLDR: The bitcoin farm has a base production rate that's much higher than the rate added by each additional graphics cards. So when investing, you shouldn't be looking at how fast the whole farm pays itself off, but how much time it takes your N>1 graphics cards to each pay for themselves, because otherwise you could have just been pocketing the pure profit from the base production rate the whole time.
At current therapist/flea-FiR values:
That is to say, adding a GPU to an already-running farm takes three weeks before you've stopped losing money on that GPU.

A pretty simple formula is utilized to determine Bitcoin Farming output. The payback period for your first graphics card is around 3 days. For each additional graphics card that you put in the payback period is over 20 days. The reason that this has confused so many people is that they credit the production from Graphics Card 1 to the payback period for the rest of the Graphics Cards.
Caveat 1: Escape from Tarkov is a video game and, at least for us players, not a business. Many video game players are completionists, and I will not begrudge anyone who wants to max out every single part of their hideout because it will feel like an achievement. This guide discusses the impact of bitcoin farming on your PMC's wallet. If you find utility in maxing out the bitcoin farm for the feeling of completion then you should do it and probably just close this guide and not worry about it.
Caveat 2: This guide will not address people who hatchet run or pistol run to put graphics cards in their secure container that will usually end up being non-FIR. There are too many variables (spawn rate, survival rate, replacement value of just doing normal Tarkov raids instead of hatchet runs) to do a decent analysis. If you end up with non-FIR graphics cards you should put them in your Bitcoin Farm.
Analysis:
The formula for bitcoin generation is as follows:
Let's simplify some unnecessary constants and make this look more like a normal mathematical function. All we have to do is multiply (1/49) * (0.15) to get this, which is equivalent and much easier to understand:
Now, let's get some ground rules for investment:
Caveat 3: Prices may change, blah blah blah, unless the IRL bitcoin market crashes the conclusions from this guide will still be accurate for the most part.
I will also note that I'm not going to include the cost for fuel needed for production. Because you can craft expeditionary fuel into mag boxes, as well as do other crafts on your workbench and med station while you have the power on, this cost is negligible. Furthermore, since my thesis is that putting more graphics cards in is not worth it, the fact is that I can prove this mathematically without even accounting for the entire cost category of fuel only strengthens my argument.
Using these assumed prices, let's take a look at some different cases.
Case 1:
Building a Bitcoin Generator and putting a single graphics card in.
To calculate cost, we add the cost of building the empty generator (300k) to the single graphics card (250k) to get 550k rouble investment.
Lets calculate revenue using our formula before:BTC Generated per Hour = 0.05 + 0.003 * (Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (1 Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (0)BTC Generated per Hour = 0.05
So we're generating 5% of a bitcoin every hour which means we'll get a bitcoin from our farm every 20 hours.
So, every 20 hours we are generating a product worth ~150k. Since we invested ~550k we need to sell:
550k investment / 150k roubles per bitcoin = 3.66 physical bitcoins in order to recoup our investment
Since we can't harvest bitcoins until they are full, we actually need to wait until we get 4 bitcoins at which point we'll be making a slight profit. Generating 4 bitcoins will take 4 bitcoins * 20 hours per bitcoin = 80 hours or a little more than 3 days.
Case 2:
Adding a second graphics card to our bitcoin farm.
Now, as discussed above I'm not worried about non-FIR graphics cards that you hatchet ran to find. If you have an FIR graphics card then you can sell it on the flea market for the 250k price that I'm using as an assumption above.
This concept is called opportunity cost and if you don't understand it I will troll you in the comments: Putting an FIR graphics card into your bitcoin farm is the same as purchasing one off of the flea market and putting it in your bitcoin farm because you had the opportunity to just sell your FIR graphics card for the same price that you can buy it.
With that out of the way, let's do some math on our 2 graphics card bitcoin farm:
BTC Generated per Hour = 0.05 + 0.003 * (Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (2 Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * 1BTC Generated per Hour = 0.053
So, for the cost of 250k roubles we have increased our bitcoin per hour generation by 0.003.
The first graphics card that we added to our bitcoin farm generates us one bitcoin every 20 hours, as discussed above.
The second graphics card that we added to our bitcoin farm generates 0.003 bitcoins per hour. To calculate how many hours this takes to get 1 bitcoin we do the math of 1 / 0.003 = 333.33 hours. 333.33 hours / 24 hours per day is 13.88 or roughly 14 days.
In order to recoup our investment from the 250k roubles we used to get our second graphics card we divide 250k roubles invested by 150k roubles per bitcoin = 1.66 bitcoins. We generate one bitcoin every 14 days, so we can multiply 14 days * 1.66 bitcoins = 23 days.
This math will hold true for every additional graphics card because the function is linear.
Thus, the payback period for your 250k investment in adding a graphics card past the first one to your bitcoin farm is 23 days.
To reiterate: The FIRST graphics card you put in your bitcoin farm generates a bitcoin every 20 hours. Every additional graphics card you put in your bitcoin farm generates a bitcoin every 333.33 hours.
submitted by Death4Chairman20x70 to EscapefromTarkov [link] [comments]

Cultural Exchange between /r/Lebanon and /r/berlin

Welcome to the Cultural Exchange between /Lebanon and /berlin/
Courtesy of our friends over at /berlin/ we are pleased to host our end of the cultural exchange between the two subreddits.
The purpose of this event is to allow people from two different regions to get and share knowledge about their respective cultures, daily life, history and curiosities.

General guidelines


Quick introduction about Lebanon

Quick explanation of what is happening in Lebanon (Before the explosion): https://imgur.com/a/Ixo3v8S
Introduction
Lebanon is a tiny country in the middle east. It's bordered by Syria from the north and east, Israel from the south, and the Mediterranean Sea from the west. Syria has been in a deadly civil war since 2012. Lebanon and Israel are officially "at war" since the inception of Israel, though currently there isn't any war going on, and the last real war between the two countries happened in 2006 and lasted only 30 days.
Lebanon went into a long and deadly civil war in the 70s and 80s. It only ended when the war lords sat together and decided that instead of attempting to kill each other, why not become rulers and split the gains. Thus from the early 90s until today Lebanon has been ruled by the same warlords that fought in the civil war. The speaker of the parliament never changed, not even once, and the rest of MPs and politicians just switched ministries and places every few years to present the image of democracy.
Lebanon also has Hizbollah, an organization that is labeled as a terrorist organization by many countries. Hizbollah has more powerful intillegence and military than the Lebanese government itself. The organization has unobstructed powers, for example, it started the 2006 war with Israel without the acceptance of the official Lebanese government.
Lebanese politicians save their billions and billions of dollars in savings in banks across Europe, mainly Switzerland.
Lebanon doesn't have oil, nor a serious construction sector. Lebanon relies on the service sector and tourism to survive, both of which are almost nonexistent at this point. Lebanon has a huge crippling debt. Lebanon's capital, Beirut, was voted the most expensive city to live in in the middle east two years ago. Lebanon's passport is one of the worst passports in the world and doesn't allow you to visit any notable country without a visa.
October 2019 - Political, COVID-19 and Economical Problems
In October 2019, the government approved a law that would increase taxes, and tax the usage of Whatsapp. The Lebanese population attempted a peaceful revolution, the country effectively closed down from October until December. The revolution was successful in forcing the government to resign, but wasn't able to make the president, MPs or speaker of the parliament resign.
Things went to shit after that, unofficial capital control started in October. The bank declared that people can't withdraw money from their savings or current accounts. People weren't allowed to transfer money outside Lebanon or use any credit or debit card internationally. The government started considering a haircut. The currency started to lose value rapidly.
The official rate is currently 1$ = 1,515 LBP while the black market rate is 1$ = 8,500 LBP
The money stuck in the bank is useless, almost frozen because it can't be withdrawn without losing ~65% of it's value and even then, in small quantities.
Add to that COVID-19 is ripping the country. We're having exponential growth in the number of cases right now.
The Explosion
On August 4, 2020 multiple explosions occurred in Beirut Port that destroyed half the city, killed hundreds, with an additional large number of people missing, injured hundreds of thousands of people and made 300,000 people homeless. 80000 children displaced. The explosion was so big that it was heard and felt in Cyprus and Syria. There were reports of damages to properties from the explosions all over Lebanon, not just in Beirut.
The explosion destroyed half of the city including busy hospitals, which ended up causing people to have to deliver or have critical operations using the flash light from the doctors' cellphones.
The explosion killed several foreign nationals including French, German, Canadian, American, and Australian citizens.
This post is made to raise awareness about what happened in Lebanon by sharing the videos of the incident. Please note that those videos are graphic as they show the moment the explosion happened.
Donation Help
Any kind of monetary donation will go a LONG way during these times.
You can donate using your credit card, paypal account, bank transfer or bitcoin donation.
You can find a list of verified and safe NGOs to donate to here: https://www.reddit.com/lebanon/comments/iaakslist_of_lebanese_ngos_that_are_verified_and_safe/
You can check out some of the videos here:
Reddit Links:
submitted by ThePerito to lebanon [link] [comments]

.12.4 Path Notes Megathread

https://twitter.com/BetaEFT/status/1236020296500621314
Dear Escapers!
We are glad to present you the preliminary patchnotes for the upcoming 0.12.4 patch!
Added:
• Interchange location has been reworked
• Interchange location lighting has been updated
• New interactive objects, new location exfils
• Various problems with culling, physical colliders have been fixed
• New mechanics, overweight. The character receives various debuffs while carrying a certain amount of weight (increased equipment noise, movement speed limits, increased stamina consumption, etc.)
• Fatigue effect debuff has been added, which appears if the character keeps the stamina at a low level for a long time. Energy consumption increases with this effect.
• Now The character's stamina indicator is divided into arms and legs. The arm's stamina is consumed when aiming, throwing grenades and fighting with melee weapons. The legs stamina is consumed during sprinting, jumping, changing body positions, etc. Also, the legs stamina starts to drain when the hand's stamina drops to zero.
• The "trading "flea market", "inventory" buttons have been added to the bottom panel of the interface for quick access.
• New hand grenades based on the VOG-17 and VOG-25 prototypes.
• The resolution of your screen is automatically determined and applied as standard settings, at the first start of the game.
• New weapon mods
New sets of character customization and equipment
• New BEAR top called “Telnik” • New BEAR pants called “Tiger” • New USEC top called “TIER2” • New USEC pants called “Commando” • New SCAV top “Olimpic shirt Russia”
• New body armor, tactical vests, backpack, helmet, active headset
• Grenade case
• New barter loot and new trading schemas requiring this loot
• New hideout crafting schemas
• New quests with new outfits as a reward
Optimization:
• Minor lightning optimizations
• Minor decals optimizations
• Various server stability optimizations
Fixed:
• Fixed a bug in which saving the weapons preset, all inventory, and trading operations could freeze
• Fixed part of inventory display bugs at 2k (or 1440p) screen resolution
• Fixed a bug where AI corpses could disappear during reconnect
• Displaying of notifications while receiving weapons from a SCAV box has been fixed
• Fixed a bug when the production timer might not be updated when the generator ran out of fuel
• Fixed a bug when it was impossible to enter the hideout after transferring graphics cards from the Bitcoin farm
• Fixed a bug when the context menu did not appear on items brought by SCAV
• Fixed a bug when the item could remain unexamined after production
• Fixed a bug when you, with a pistol or melee weapon, press the sprint button twice, the character runs in place
• Now you won’t be kicked to the main menu, after receiving a “the stash is full” error
• Fixed hideout bug which allowed to appear a window for transferring items from the first-person view
• Fixed pop-ups which can appear not in the center of the screen
• A bug while the pop-up with a list of missing items appears beyond the screen
• Fixed a bug which caused errors at the flea market while there are barter offers
• Another various bug fixes and corrections
Changed:
• Stimulants parameters have been adjusted, debuffs became weaker
• The weight of various items has been adjusted
• The flea market is now available from the 15th PMC lvl (was lvl 5)
• Small reflex sights marks were downscaled (aimpoint, romeo, trijicon)
• Accuracy values in weapon characteristics are now displayed in Minutes Of Angle
• We added a weapon name to the standard weapon presets, which they relate to
edit: oof that typo
submitted by SolidAwecelot to EscapefromTarkov [link] [comments]

Cryptocurrencies in the Era of COVID-19 (Part One)

Cryptocurrencies in the Era of COVID-19 (Part One)

https://preview.redd.it/cscwryttr4o51.jpg?width=2560&format=pjpg&auto=webp&s=ddd90997810c0cc46cf8e6b5cac534cd8f9c796f
To speak of “post-COVID” is not only premature, but perpetuates the myth that the mere passage of time will lead to some kind of universal recovery. The reality is rather more harsh. Currently, the only positive dynamic at work is that the patient will learn to cope with the symptoms of a congenital condition, until, and if, the underlying problem can be resolved. While we would prefer otherwise, this is the Era of COVID.
The opening up of Europe’s Mediterranean tourist industry in the summer of 2020 was always going to increase the rate of COVID transmission, but the experiment was justified in terms of local economic dependency on foreign visitors vis-a-vis the health costs, the degree of disease impact, and overly testing the limits of voluntary social distancing.
From the perspective of the pathogen, however, absolutely nothing has changed. In terms of global polity, economic policy and social welfare, everything has changed, is changing, and may well end up creating scenarios out of all recognition.
Critical to appreciating the “why?” of this reorientation is the recognition that only a raft of temporary, but wholly unsustainable macroeconomic policies, have kept the global economy functioning. The problem, however, is that it is a bit like cheating a wise man. You only get away with it once. Thereafter you have to accept realities and manage how they play out as best as you can.
Central to the latter is the fact that until a vaccine is developed, ours is the era of socio-economic COVID-19 management. All other determinations derive from where they stand in regards this polarity; the spread of the disease on the one part and the damage done to the global economy on the other. The balance between lives and livelihoods. In reality the two are not finally distinct. The acceptance of higher COVID-19 infection will have economic costs both over the short and long term. The worry is that these could be far, far greater than many currently anticipate. Critically, that those people with mild or no symptoms today, could develop significant health problems in their tens of millions as they get older. That the virus lays dormant at a cellular level but surfaces to cause physical problems in the future, negatively impacting the functioning of vital organs, including the brain. As this happens the economic costs will become significant.
To restate. Temporary economic measures funded by quantitative easing have allowed the global economy to maintain a degree of normalcy, but over time these will inevitably weaken the economy they were designed to protect. In similitude, the temporary relief of putting short term spending needs on the credit card eventually crashes into the wall of maximised indebtedness. The consequence is either the hardship of paying back what has been borrowed, or simply walking away from the debt and being cut off from credit thereafter.
The last time the global economy faced anything like this level of catastrophic dialectic was after the two world wars. For the people of Germany and France coins and banknotes were minted with ever greater number of zeros, but ever reduced buying power. In the end these currencies were simply abandoned—replaced with the Reichsmark and nouveau franc respectively. The former at a rate of one trillion (sic) to one! Stability resulted, but it must be underscored, because the printing presses were turned off.
The trick was to introduce a medium of exchange whose physical number was very tightly defined and limited. As long as the temptation to cheat when you run out of money is resisted, all will be well. All this may prefigure a nouveau dollar, digital yuan or an altogether different scenario may unfold.
This is where the current locus of speculation—financial and theoretical— currently lies.
Any considerations in these respects needs to take into account the following factors as delimiting the parameters of probable outcomes:
  • Structural shifts in global economic activity away from travel, leisure, tourism, some automotive and manufacturing towards health, security, robotics, datacom and a range of advanced technologies. This not only portends shifts in investment between sectors, but more graphically, shifts in wealth between regions and nations.
  • Growing tensions within the European Union. With many of the southern states so highly dependent on tourism, significantly declining income will further exacerbate the north-south wealth gap, and thus tensions over budgetary redistribution.
  • Structural shifts in global geo-politics and trade away from multilateralism towards bilateralism, supply chain security, high-tech protectionism and hegemonic alliances.
  • A new era of Western statism necessary to reduce the threat of a severe economic depression. This will be directed to enhanced infrastructure projects, support for advanced, green and digital technologies, new strategies on preventative and remote health care, and internal security and surveillance.
  • Social acceptance of greater government intrusion and regulation as the price of minimising the impact of COVID, future pandemic threats and economic downturn.
More important than any of these are the underlying shift towards new orthodoxies at the expense of tearing up the old order. This not only includes the fundamentals of government macroeconomic theory (and thus policy) but the rules underpinning all commercial and currency infrastructures. “Fundamental” because the three are inextricably linked, yet autonomous enough for one to affect the other with a potential impact so dramatic it is difficult to overstate.
These paradigms are so new, and their final impact so remote, that the most significant element of their existence is easily missed: A year ago such a narrative would have been viewed as sheer lunacy. A year from now so obvious as to merit an historical footnote. Emerging from the rabbit hole everything will be different. Everything is up in the air and everyone is scrambling to find an anchor.
In the meanwhile, popular investment ethos is myopic, entirely oblivious to the undercurrents which will mark the end of the status quo. Somewhere along the line, a soaring Stockmarket has become an end in itself. Wealth, the mere addition of fiat zeros.
The intention of the original cryptocurrency was to sidestep this fallacy. To extricate and preserve real wealth from constantly shifting foundations. Like all ideals, it has been imperfectly realised. No one can deny that the meteoric rise in Bitcoins’ value from $327 to almost $12,000 (at the time of writing) reflects some degree of speculation, but it also reflects substantive, intelligibly based doubts as to the fundamentals sustaining fiat currencies. They may still exist in five or ten years, but what will they tangibly be worth?
Eventual outcomes here—including which cryptocurrencies prove their worth —will be determined by our collective actions. History reveals that whatever divergences take place, in the end the solid and substantial always win out. Lies are exposed and tyranny eventually falls. Shaky assets yield to solid. Bad money drives good to a premium.
(Subsequent additions to this article will examine critical factors determining the path of cryptocurrency evolution in the era of COVID as these arise, including government regulations).
submitted by JamesFXF to FXF [link] [comments]

City Cultural Exchange: This Friday August 21 at 19:00 we'll have our first cultural exchange with another city/country on reddit, this one will be with /r/Lebanon - at the same time it's a way to show our support for another capital going through an extremely hard time!

Hi everyone,

Hope you’re all as well as you can be in the End Corona Times, the mods of /Berlin were thinking for a while of starting a city cultural exchange program on reddit. It will work just like the country cultural exchanges, except with a focus on city cultural. This sort of cultural exchange would give us an opportunity to meet the culture of other cities through reddit! I’ll try to organize this on a semi-regular basis, I hope it’ll be fun and informative for all.
If you have any questions or suggestions, comment below!

The first city will be Beirut, Lebanon.

We thought that perhaps we could also do some good with this as well and asked the moderators of /Lebanon if they would want to be our first cultural exchange, representing Beirut. We also asked if they could recommend any charities and NGOs to donate to and they sent us an explanation with a list of organizations that they trust. If you have any other way of helping the people of Beirut, share it with us, they need all the help they can get.

The date and time of this event is Friday August 21th, 2020 at 19:00 Berlin-time.

The event will be stickied on /berlin on Friday and I’ll edit this post to include a link to it here:
(Future Link)
Without further ado, this is a little introduction from the moderators of /Lebanon in preparation for the event about Lebanon and what is going on:
There is an important link in the introduction to another reddit post where they list out the NGOs and charities that are safe to donate to. They took a lot of time researching and even calling some of these organizations to make sure the donations get to the places they are needed.
---
Quick explanation of what is happening in Lebanon (Before the explosion): https://imgur.com/a/Ixo3v8S

Introduction

Lebanon is a tiny country in the middle east. It's bordered by Syria from the north and east, Israel from the south, and the Mediterranean Sea from the west. Syria has been in a deadly civil war since 2012.
Lebanon went into a long and deadly civil war in the 70s and 80s. It only ended when the war lords sat together and decided that instead of attempting to kill each other, why not become rulers and split the gains. Thus from the early 90s until today Lebanon has been ruled by the same warlords that fought in the civil war. The speaker of the parliament never changed, not even once, and the rest of MPs and politicians just switched ministries and places every few years to present the image of democracy.
Lebanon also has Hizbollah, an organization that is labelled as a terrorist organization by many countries. Hizbollah has more powerful intelligence and military than the Lebanese government itself. The organization has unobstructed powers, for example, it started the 2006 war with Israel without the acceptance of the official Lebanese government.
Lebanese politicians save their billions and billions of dollars in savings in banks across Europe, mainly Switzerland.
Lebanon doesn't have oil, nor a serious construction sector. Lebanon relies on the service sector and tourism to survive, both of which are almost non-existent at this point. Lebanon has a huge crippling debt. Lebanon's capital, Beirut, was voted the most expensive city to live in in the middle east two years ago. Lebanon's passport is one of the worst passports in the world and doesn't allow you to visit any notable country without a visa.

October 2019 - Political, COVID-19 and Economical Problems

In October 2019, the government approved a law that would increase taxes, and tax the usage of Whatsapp. The Lebanese population attempted a peaceful revolution, the country effectively closed down from October until December. The revolution was successful in forcing the government to resign, but wasn't able to make the president, MPs or speaker of the parliament resign.
Things went to shit after that, unofficial capital control started in October. The bank declared that people can't withdraw money from their savings or current accounts. People weren't allowed to transfer money outside Lebanon or use any credit or debit card internationally. The government started considering a haircut. The currency started to lose value rapidly.
The official rate is currently 1$ = 1,515 LBP while the black market rate is 1$ = 8,500 LBP
The money stuck in the bank is useless, almost frozen because it can't be withdrawn without losing ~65% of it's value and even then, in small quantities.
Add to that COVID-19 is ripping the country. We're having exponential growth in the number of cases right now.

The Explosion

On August 4, 2020 multiple explosions occurred in Beirut Port that destroyed half the city, killed hundreds, with an additional large number of people missing, injured hundreds of thousands of people and made 300,000 people homeless. 80000 children displaced. The explosion was so big that it was heard and felt in Cyprus and Syria. There were reports of damages to properties from the explosions all over Lebanon, not just in Beirut.
The explosion destroyed half of the city including busy hospitals, which ended up causing people to have to deliver or have critical operations using the flash light from the doctors' cellphones.
The explosion killed several foreign nationals including French, German, Canadian, American, and Australian citizens. LINK
This post is made to raise awareness about what happened in Lebanon by sharing the videos of the incident. Please note that those videos are graphic as they show the moment the explosion happened.

Donation Help

Any kind of monetary donation will go a LONG way during these times.
You can donate using your credit card, paypal account, bank transfer or bitcoin donation.

You can find a list of verified and safe NGOs to donate to here: https://www.reddit.com/lebanon/comments/iaakslist_of_lebanese_ngos_that_are_verified_and_safe/


You can check out some of the videos here:
Reddit Links:
The /Lebanon twin-announcement thread to this can be found here: https://www.reddit.com/lebanon/comments/icllh8/this_friday_august_21_8pm_cultural_exchange_with/
submitted by llehsadam to berlin [link] [comments]

It's time to spread the truth

It's time to spread the truth
Hello everyone! I'm Marco, an italian guy and I want to tell you my story. When I discovered Bitcoin I immediately fell in love with it, it was like a revelation, I understood that it had the potential to change finance, the world, practically everything. The problem arose when I started asking myself some questions: why should i use SegWith or Lightning Network? Why not simply increase the block size? Why did they make Bitcoin so difficult? It was at that moment that I began to understand that something was wrong, every time I asked a question the answers were always the same: store of value and Lightning Network. I was hearing these replies like a nursery rhyme and the worst part is that people don't even know how LN really works.
Then I discovered Bitcoin Cash and together with many answers I also found a large family. Bitcoin Cash has changed the way I see things, really!
https://preview.redd.it/2f3skn1jtpy41.jpg?width=730&format=pjpg&auto=webp&s=a1f37c809d8157395790ae5f70f38d045a391bf8
The second problem arose when I started talking about BCH on Italian groups, always the usual answers: scam, shitcoin, btrash, etc ... This prompted me to make a decision: open the first website in Italy that talks about Bitcoin Cash.
https://preview.redd.it/9ugjogzk2qy41.png?width=2868&format=png&auto=webp&s=63fbf7d36a27e62c646024250fe316f285c0ad46
My goal is to make people understand what Bitcoin Cash really is and why it is better than Bitcoin Core. All this, however, without forcing anyone but leaving free choice, not like many youtubers who tend to distort reality and brainwash people. If you have any advice I am ready to accept any criticism!
For those interested, these are the social links:
If you want to donate something all the funds that I will receive will be used to improve the graphics and marketing of the site. Thanks so much!
bitcoincash:qq3shwf7aa8658qsw8ga4fp7dx3srhvtru644x7ka0

submitted by theitalianbaldman to btc [link] [comments]

Why UMI Will Not Fall Victim to Inflation: Dispelling Myths of “Deadly Issue”

Why UMI Will Not Fall Victim to Inflation: Dispelling Myths of “Deadly Issue”
https://preview.redd.it/lr1w0ukh2ik51.jpg?width=1024&format=pjpg&auto=webp&s=b413e6e6b2e94d2e9522571040151826b7874e77
With UMI staking, anyone anywhere in the world can generate new coins at the rate of up to 40 % a month, or up to 5,669 % a year, with no risk of falling victim to fraudsters. It means new opportunities for humanity which never existed before. However, many people who are used to miserable interests on bank deposits and financial pyramids that last a few months at most cannot understand what makes this possible. How can you safely earn up to 40 % a month with no risk of losing it all?
Sceptics cannot wrap their minds around this which makes them suspect there’s a catch to it. Therefore, it should come as no surprise that you can find various myths about UMI's “deadly issue” on forums and social networks. The most popular among them say that you simply cannot ensure long-term operation with this kind of “super-high income” and no one has any idea what will happen to this cryptocurrency in 10 or more years. Here's a forecast from sceptics, briefly: “deposits” with this percentage are simply impossible, it will inevitably cause hyperinflation, UMI cryptocurrency will devalue, and will share the fate of currencies in some of the less fortunate countries, such as Zimbabwe or Venezuela.
To counter these allegations, we've prepared a detailed article with arguments dispelling all these myths, nullifying all “forecasts” and putting the lid on this issue. Here we go!
What's the value behind the forecasts?
First of all, 10 or more years is too much of a long term, and forecasting so far in advance is simply impossible. Don't take us wrong here: it's not just about cryptocurrencies; it's about anything in the world. There was a time when people thought pagers, faxes, and landline phones had cheerful prospects, but look at what happened to them. They have been replaced by smartphones and the Internet accessible to all which no one believed was possible in the first place. New technologies emerge out of the blue and transform the world beyond recognition. The old — something everyone is used to — is replaced with something new and more
convenient. Something better.
10 years ago people believed in developing bank technologies, but then, all of a sudden, Bitcoin was created and transformed people's understanding of financial payments. It turned out anyone in the world can make payments with no intermediaries and generate new digital money. It's true that Bitcoin is not perfect, but millions use it all over the world. This number is also growing fast with each passing day.
Do you remember forecasts made for Bitcoin when it first appeared? Both ordinary people and respected world-class experts predicted it would soon die. No one believed it could last for even 10 years.

https://preview.redd.it/q1kzcxfw2ik51.png?width=800&format=png&auto=webp&s=17a12d73b9046a357cf6ecd77253472215c8bb24
Typical article predicting the end of Bitcoin from respected mass media. Source.

Here're some graphic examples from the leading world-class mass media:
“That's the End of Bitcoin.” Forbes, 2011, BTC price — $15.
“Bitcoin is headed to the ash heap.” USA Today, 2015, BTC price — $208.
“R.I.P., Bitcoin. It’s time to move on.” The Washington Post, 2016, BTC price — $382.
“Stay away from bitcoin and ethereum — they are complete garbage.” This is garbage." MarketWatch, 2017, BTC price — $2,345.
“Is Bitcoin Going To Zero?” Forbes, 2018, BTC price — $3,432.
In 2020, the BTC price is almost $12,000. The respected mass media have “declared Bitcoin dead” over 400 times (!!!) referring to its lack of backing, high issue rate, super-high price growth, and the like — just like the skeptics “declaring UMI dead” right now. However, despite all the discouraging forecasts, Bitcoin continues to successfully grow and rapidly gain in popularity.

https://preview.redd.it/6z60xwd13ik51.png?width=791&format=png&auto=webp&s=25a6799fe551c6e7f91aa016907e95ce032d7e5e
Over 12 years, Bitcoin has been declared dead 381 times, but it only grows stronger with each passing year. Source.

All of the above is proof that you shouldn't put blind trust in various forecasts, even coming from respected sources. Forecasts are mere opinions and arguments, but no one can know for
sure what will happen in 10, 100, or 1,000 years. No expert can know that. Similarly, no one knows what will happen to UMI many years from now.
UMI can solve any issues on the fly
We cannot know the future, but we did all we could to make our coin last forever. Most existing cryptocurrencies have a very important problem — they cannot support high-quality growth and rapidly become obsolete.
To explain this, we'd like to quote our Whitepaper:
"Despite the apparition of new technology solutions, the Bitcoin blockchain still holds only about 2,000 transactions, and it takes about 10 minutes to create a block. In 11 years, developers still did not manage to come to an agreement and implement a solution that would allow scaling the system and upgrade performance.
Most other cryptocurrencies face a similar problem. They are launched and keep operating in an almost initial state even after numerous innovative solutions become available. For example, the Ethereum network has been attempting to switch to the PoS algorithm for over two years now, but due to code complexity, security threats, and issues of reaching consensus, this causes great inconvenience."
https://preview.redd.it/ezxzrpx43ik51.png?width=800&format=png&auto=webp&s=207f8a27a59fac760fc541dae6abd30d148296f5
Screenshot of a page in the UMI Whitepaper. Have you read it? It answers a lot of questions. Link.

Bitcoin itself is technically obsolete. This is besides the fact that it has a load of other problems. For instance, BTC is supposed to completely stop coin mining in 2140, meaning miners will lose motivation to support the network. What happens then? The hope is that the main source of income for miners will be transfer fees, but will they want to maintain powerful equipment for a reward in the form of small fees? If fees are big, will people want to pay those? Will they find a different solution? Will users just leave the Bitcoin ecosystem and join more high-tech cryptocurrencies like UMI?
When we designed UMI, we accounted for all these issues and launched a promising project with a conveniently scalable ecosystem. Even if UMI faces some challenges in the future, we will make amendments as the network grows. We will act as appropriate judging from the project's current status. They will be based on the situation and the current state of the project.
It's true that upgrade decisions have been and are being made by all leading crypto projects, including Bitcoin and Ethereum, but UMI supports really safe and rapid innovation. The network can be easily modified and scaled with cutting edge technology solutions. While other cryptocurrencies simply become obsolete, we can handle all kinds of challenges on the fly. The UMI network will grow and improve to be always up to date, keep up with the times, and prevent problems in 10, 100, or 1,000 years.
At this point, the UMI network is in excellent shape, and the smart contract offers you relevant and actionable staking opportunities. We've thought out every detail, and the brisk growth of our community proves it best of all.
There is no "deadly inflation"
And, lastly, let's bring an issue with supposedly too-high emission to a close. UMI is typically accused of paying a too high reward for staking — as much as 40% a month, or 5,669% a year — which no one and nothing else in this world can pay. Eventually, it might end up with inflation as it happened in Zimbabwe and Venezuela, etc.,
Let us look at real facts. Those who consider a 40% monthly growth impossible should look at bitcoin again as the most outstanding example which has proven that nothing is impossible. Imagine how many times your deposit would have grown if 10 years ago you had bought bitcoins or inexpensive mining equipment producing a reward of 50 BTC several times a day.
Please consider the following:
In March 2010, BitcoinMarket.com started operating as the first bitcoin exchange, and 1 BTC cost a lot less than a cent — $0.003.
At the time of writing this article, the price for 1BTC was about $12,000.
It means those who bought bitcoins 10 years ago have increased their "deposit" by nearly 400,000,000% (!!!). Four hundred million percent in ten years! This is a real fact.
Those who bought bitcoins when the price was a few cents or dollars also achieved the perfect result by increasing their "deposit" by thousand or million times.
Well, now the percentage in UMI staking doesn't seem so crazy, does it? The only difference
is that BTC "deposit" grows in line with the BTC price while UMI deposit growth is ensured the growth of the number of UMI coins, which in turn doesn't prevent the price from surging. In fact, both cases demonstrate a multiple growth of the "deposit".
All of the above is proof that the reason for inflation in Zimbabwe, Venezuela, etc is a bad economy, not a high emission. In late March. roughly speaking, in one day, the FED (U.S. Federal Reserve System) released 2.2 trillion dollars to support the economy during the coronavirus pandemic. Similar financial injections are regular in the USA, the country which is the most advanced world's economy.
These facts indicate that UMI has no "deadly issue" at all and, unlike the USA, it doesn't "print" anything.
Here is bare statistics form the UMI blockchain:
The UMI cryptocurrency was launched on June 1. Since the launch, it's been 3 months.
18,000,000 UMI coins were initially issued.
In total, there are now about 18,800,000 UMI coins.
In other words, in three months, the total number of UMI coins increased by only 4.4%. Does it look like "deadly inflation"?

https://preview.redd.it/gsdjbwp83ik51.png?width=800&format=png&auto=webp&s=8d4591a24b3ddc63f8501f1b7fe7a4c02b7da89c
In 3 months, the number of UMI coins has shown a few percent increase. Source.

Let's move on:
We'd like to reiterate that the total number of UMI coins is almost 18,800,000.
There are about 14,500,000 coins on the genesis address today.
Almost 4,000,000 coins are involved in staking.
Thus, only 300,000 UMI (!)are freely circulated on the market. The remaining 18,500,000 coins are either used in staking or have not yet been released to the market.
https://preview.redd.it/f7b28jid3ik51.png?width=800&format=png&auto=webp&s=5ff8338121ebfe398cfb498a0cfcc00446ea6225
The number of coins stored on the genesis address at the time of writing the article. Source.

In real fact, UMI has no super-high emission. This fact has been proven. For a three-month period, which is a quarter of a year, the number of UMI has hardly changed and equals about 1.5% of the total number of coins on the market.
The truth is that UMI economy depends on a lot of factors. For example, burning 50,000 coins to create a structure. However, from a more general point of view, the UMI economic model itself is designed to encourage people to "save" rather than sell UMI coins. This is a crucial point that allows us to make progress, even with a high emission.
Moreover, it will take a billion-dollar staking structure that will be able to provide the highest possible emission on the UMI network a lot of years to appear. While it doesn't happen, all these forecasts can be regarded as irrelevant for today. Keep in mind that a 40% monthly profit will be available to the most successful structures and only after many years of development. To have your coins increased by 40% per month, your structure must have over 50 (!) times more coins than the number of coins initially generated by the network. And since this structure will do everything possible for the benefit of the UMI cryptocurrency, even 40% per month will not pose a risk to UMI's sustainable development.
Conclusions are as follows:
UMI offers no kind of "killing sky-high returns". Please don't take this myth seriously. UMI is growing. The current smart contract offers reasonable and up-to-date opportunities for UMI staking and poses no problem. If, however, a problem arises — we have all the tools to find an immediate solution. All these negative forecasts are not worth a brass farthing. They always have been and always will be. At all times and in all places. But they are highly unlikely to come true. Bitcoin outsmarted the most reputable and shrewd financial analysts. Why don't UMI, which is a lot more advanced than bitcoin, try to do the same?
UMI is a decentralized, strong, and high-tech network. It can exist the way it is now forever. But as it grows, it will improve to be always up to date, keep up with the times and prevent any problems. We are contributing to a great thing — we're creating a free economic system that will profitable for the entire human family. This is an opportunity to overcome social inequality and make regular people financially independent. So let's make every effort to make things go well. Ignore all evil-wishers and their predictions. Just join other users and go towards your dream. Then we will certainly succeed in it all.
Sincerely yours, UMI team
submitted by UMITop to u/UMITop [link] [comments]

Thoughts on why people are drawn to use RMT

I believe it is just as important to address why people are wanting to go to RMT services (the demand) as it is to combat the RMT services themselves (the supply). If there is enough demand, there will always be a supply. My argument is this, I believe that if progression felt more rewarding, instead of just "make as much money as quickly and efficiently as possible to buy from the flea market" the player base would be more satisfied with the game itself and wouldn't seek help outside the game mechanics.
For context, I am more of a casual player. This is my first wipe I've tried to focus on progression instead of solely learning the game. I am now level 11 and started doing work on the flea market.
I don't agree with people going to RMT sites to get a quick and easy leg-up, but I can totally understand why people would want to. From my viewpoint there isn't enough rewarding early game progression. Especially if you are using a standard account you feel like you lagging behind from the start. You are very limited on storage space and with a alpha container you have less that half the secure spaces than those with a gamma container (4 vs 9 for reference). Now that we have the hideout to upgrade, we are encouraged to keep many more items that we may have just sold previously.
Think about what you wanted to accomplish as soon as you unlocked the flea market. For me I almost immediately wanted to get 1) quest items that didn't have to be found in raid that hindered my progression and 2) items that helped alleviate my lack of storage space. I got the salewas i still needed, a few keys for quests and loot areas, a documents case, and an ammo box.

Let's think about how much an advantage it actually is to have these containers, not to mention some of the higher level containers. First let's focus on the secure container. What items do players use this for; meds, keys, backup ammo, valuable loot or quest loot, paper money, perhaps a map for new players. Now consider I get a documents case. For the cost of half my secure storage space, I can go from 4 spaces all the way up to 16, a 4x multiplier. Now I can take a bunch of keys that let me access areas with higher value loot, if I find more keys I can securely stash them away, same goes for paper money, bitcoins, gp coins, intel, flash drives and other high value loot, all the while maintaining 2 slots for meds, ammo or other loot like a graphics card. I can make this giant leap in how effective my character can be as soon as I can access the flea market and I have enough money. (Yes I can find a container in raid, but lets assume a low level player or inexperienced player won't try to farm this early on). On top of this, even something as simple as an ammo box can free up much needed space in regular storage so I can keep more items I need to progress.

I understand that BSG is trying to slow down progression, but I do not feel like I am being meaningfully rewarded during the early progression of the game. I do quests and get some gear, unlock some items for purchase from traders, but a little money and a little xp, but that's not what I really want. I want something that gives me more of an advantage. Why wait until late quests to give me an ammo box? Does it really provide that big of an advantage to be obtained that far into the game? Why can I not get 1 by the time I hit level 10 or so. It would feel so much more rewarding without giving a large advantage. Plus it's not like I only need one or two, if you look at certain high level players or streamers they have a multitude of them to sort out each ammo type.
Honestly, to obtain anything really meaningful I feel like I have to buy it off the flea market at inflated prices. This is why, in my opinion, everyone feels like that constantly have to grind and grind for money. Unlocking it through the traders only helps reduce the inflated price I have to pay. You can slow over all progression while still making the early game feel rewarding. This problem has only been made worse by increasing the tax for the flea market and reducing the sell prices at the traders. I support BSG in their fight against RMT and cheaters, but I understand the outcry from players that feel like the grind is only being increased.

So in conclusion, if natural game progression felt more rewarding, if I obtained a few items that actually helped me, I wouldn't need to buy as much from the flea market. If I don't need to rely heavily on the flea market, I don't need to grind for heaps of money. If I don't need heaps of money, I wouldn't be tempted to find ways of supplementing that grind.
I love this game. I want it to succeed. I don't want to be spoon fed, I understand it's suppose to be hard. I'm not going to complain at every change BSG makes. I understand it's going to get harder and I'm okay with that. These are my two cents. Nikita, you and your team are my favorite developers and you care about the game and the community. Thank you for all the work, even when part of the community riots over what you think will be beneficial long term.
submitted by OverMyHelmet to EscapefromTarkov [link] [comments]

Is the Hideout worth to build? My experience as I just completed it.

Many other posts have been made about the hideout and whether that's worth the hassle of putting your time into building it. However, I thought that many new players are asking themselves that question and I could provide my insight as a level 36 who just finished to build the hideout.
For those who don't want to read it all, my take is : yes, it's 100% worth it. Since I finished few days ago I've made already few mils, and I have now a constant stream of revenue that lets me run better gear more comfortably.
I login twice a day, the morning and afternoon/evening. My routine goes as follows.
All in all at every login I collect around 300k, and occasionally I get more because of mag cases which take longer if you don't buy empty tanks and just use your remainders. If you have more time than I do you could get even more out of it, but I think my schedule might represent the average player.
On top of that you get plenty of benefits as a reduced scav cool down, reduced flea market fee, increased quest rewards, faster leveling of some skills and faster health regen.
There it is. Thanks for reading and I hope this helps you choosing whether to grind for the hideout.
Happy looting.
EDIT: Thank you for Silver! I am happy you guys are enjoying it!
EDIT (II): Since there is some discussion about the right number of graphics cards in the Bitcoin Farm, I would like to shoutout this recent post: https://www.reddit.com/EscapefromTarkov/comments/elyd5c/bitcoin_farm_calculating_the_cost_to_recoup_each/?utm_source=share&utm_medium=web2x
Through this, you should be able to find your sweet spot given the rate you can log into the game and collect the bitcoins.
submitted by ugobol to EscapefromTarkov [link] [comments]

Influx of new players means its time for a guide again!

Welcome to Tarkov!

This game is going to kick your ass. Hopefully I can make your ass-pounding a little less raw. Take these tips with a grain of salt as they are from personal experience from a veteran.

Starting Out

Questing

Traders

Prison Wallet

Let's talk about your pouch slot. Starting out you will either have an Alpha (2x2) or a Gamma (3x3) case depending on what edition of the game you bought. Simply put, more space in your pouch is more money in your butt. You can't put guns or anything in them, but you can stuff any valuables in there. Most important thing is to most valuable single slot items you find in raid in your butt to help recoup your losses if you die.
Also, keep the keys you need in your butt. Take them out when you don't. Getting a Keybar helps but it can take time. You might have more luck buying an early Docs Case on the flea market.

Gear

Armor - this is my 5 second armor explanation, be gentle
Helmets - ayy lmao
Ammo - also quick and dirty. ALWAYS REFER TO THE CHART. ALL HAIL THE CHART.

Save These Things

These items are immediate prison wallet candidates. I'll separate them by quest progression and then by value. Keep quest progression items you'll need them to complete quests!
Quest Items
Valuables
This list used to be short... now almost everything has SOME value. I would say go into your Hideout and look at what it costs to build stuff. When in doubt, put it in your butt and figure out what it is worth later. Here are some highlights though.

Hideout

I'm not going to go into too much detail here but we can start with a few tips.

Raiding

Scav

Recommendations for Low Levels

Ammo
Armor
Helmet
submitted by GlazedHam13 to EscapefromTarkov [link] [comments]

Skills Implementation+

Upvote etc. if you like these following suggestions, show the appreciation. So that the Dev's may take action towards them.
Remember, stay Hardcore.
So regarding the recent changes to Market. I know we never had it before in the Alpha stage etc. and people take advantage to make $$$ etc.
But the one of the things grinding me is the Charisma & Intellect. Sure, maybe lower the 100% discount for every level, 50%.. I'm not here to give specifics or know what's best for the game.
My thoughts are simply apply these bonuses to help deal with the fact that we're being dicked by these new updates. I'm not entirely bothered but it's starting to seem pretty useless the more we go on.
I've noticed since NDA Alpha, the BEAR & USEC specific skills have been removed entirely from the greyed out section of skills. Again, another feature that's just been forgotten and whatever the plan was, I'm pretty disappointed that we'll never see it.
Even the Prone Movement could be implemented properly, now that you've virtually silenced the movement noise of crawling around by Default. When the skill could be implemented to have allowed that itself. By increasing speed and lowering noise created per level.
First Aid I believe should've been implemented ever since you added medication Animations, to allow for faster medicating or quieter(probably not really), or perhaps it can heal more for the same durability points.. Maybe cost less to heal a bleed reducing from 30 to 10 or 5 over the levels, until you hit a maximum [level] of some amount.
Maybe, and of course I don't know the idea's behind "Free Trading".. But let's say it would allow for a higher maximum "Approx. Value" that would allow us to still sell item's on the Market, even if not found In-Raid; at the end of the day, the trader, or the trading, will not care(in a Lore abiding way) whether or not the item is found In-Raid considering you do not acquire the found In-Raid check mark after purchase. Therefore buying cheaper items off the market, allow for profits to be made off traders.. Something I believe can never really be patched out without removing flea entirely, simply because when you work for the better Trader levels, rep etc. they should provide a better price, therefore allowing players who have put the time and work in, to get better rewards, as you might expect to receive when working with somebody for so long.
"Barter" could come under similar connections to free trading but implemented with Traders, allowing for cheaper Barters, Less items required for the purchase/barter etc. I have not had too many thoughts regarding this skill.
My final thought goes towards "Shadow Connections". I do consider the fact that Fence was essentially the expensive Flea Market before it was implemented, now apart from the fact that he is clearly going to provide bad/high sale prices, and gives lower value to sell items to him... As the market is now more restricted, I would like to see that Skill provide better buy/sell prices with Fence. Potentially at max, providing better prices for certain items. Maybe he likes Graphics cards, things that can create underground non-official currencies such as Bitcoin etc.... Again to be thought out by you guys the developers.
People talk about Quality Of Life, which isn't really an issue, this game is hardcore, always has been and I hope always will, I understand you have Russia 20XX in the works and will take up your time, I also believe that skill implementations like these will allow further progression, a wider range of things to work towards and therefore extend the life of the game between wipes, before people consider themselves "Maxed out" or "completed" in the game. Of course, if the Team plans on potentially never wiping the game at some point, then these things will all contribute to that goal, In my personal opinion. The sooner we see them, maybe the longer we have to learn how to do it and therefore be more comfortable when/if no-wipe arrives.
submitted by Cooperhere to EscapefromTarkov [link] [comments]

Build A Stock Photo Site That Only Accepts Nano

The first time I purchased Bitcoin was because I needed to buy from someone that only accepted Bitcoin. That is what got me to jump through all the hoops and learn the tech. That is why I think exclusivity is the key to Nano gaining traction.
Enter the Nano Digital Marketplace
When I'm working on a creative project for my business, I need digital goods. Stock photos, vector graphic, icons, etc. are critical to building a website or a sales brochure. Sound effects, video clips, and music are critical to creating a video.
But you can't just lift those things from the internet. If you violate copyright law and get caught, it can be disastrous. You get sued. Youtube demonetizes or bans your video. That is why people spend money at stock photo websites, for example. They are purchasing the right to use those digital resources - usually for profit.
We should make a website that allows Nano enthusiasts like myself to submit our own photos, graphics, and other digital goods for resell. In doing so, we grant the Nano Digital Marketplace an unlimited license to resell the digital rights.

  1. All purchases are made in Nano.
  2. All purchases are the equivalent in Nano of $1 USD at the time of purchase.
  3. All collected Nano goes to a burn address.
With our site, Nano enthusiasts are incentivized to donate their pictures and home made stock photos because the resulting sales will increase the overall value of Nano by creating demand and also by restricting supply.
Business owners and creatives are incentivized to buy and learn Nano in order to get those sweet digital goods.
If that stock photo you really like exists nowhere but on the Nano Digital Marketplace, then you have no other choice but to buy you some Nano, put it in a wallet, and use it for payment. Boom. We've just recruited a new user.
submitted by DerekWilson to nanillionaire [link] [comments]

The coronavirus will accelerate the trend towards a cashless society (opinion article)

Source
Article text:
The world after the coronavirus will probably be far more digitised, and payment systems appear as likely to be impacted by this as any other aspect of daily life.
The use of cash has been falling around the world. In Australia, less than 30 per cent of payments are in cash these days, whereas a decade and a half ago more than 70 per cent of transactions were in cash. In Sweden, the use of cash for payments is so low – about 10 per cent of payments -- it is a near-cashless society.
The pandemic and the fear of infection from bank notes are accelerating the trend away from cash towards digital payments.
The Bank for International Settlements, in a paper released late last week, said the outbreak had led to unprecedented public concerns about viral transmission via cash, with central banks reporting a large increase in media inquiries about the safety of using cash and internet searches for the combination of "cash" and "virus" soaring.
The intensity of recent searches for those two words, according to graphics in the BIS paper, is most acute in Australia and France.
Around the world, countries are sterilising their bank notes even though there are, as yet, no known cases of transmission via cash. The virus appears, however, to survive longer on non-porous materials like plastic and steel, which probably explains consumers’ anxiety.
Historically, in times of crisis, consumers hoarded cash. This time, however, appears to be different and the pandemic could accelerate the trend away from cash and towards digital transactions. It is already generating increased interest in digital currencies, with China said to be close to releasing a digital version of its currency.
In recent years most central banks have started researching the potential for digital currencies, with their efforts intensifying after Facebook attempted to launch its own global digital currency, Libra.
The Libra rollout stalled after some of its core backers pulled out in the face of strong central bank and legislators’ opposition to the notion of a privately-owned digital currency, and it appears Facebook might try to alter its strategy towards the use of Libra’s infrastructure as a platform for third parties’ digital payment ambitions.
Facebook was pursuing a "stable coin" strategy, with Libra’s value established by a basket of physical currencies whose value would match that of the value of the stable coins in circulation.
That is quite different – and was far more of a threat to central banks and their influence over their financial systems -- than a conventional cryptocurrency like Bitcoin, whose value is very unstable and therefore makes it a poor medium of exchange.
Libra’s launch galvanised the central banks’ interest in their own digital currencies, as well as their efforts in thwarting Facebook’s ambitions.
Central banks including the Reserve Bank have been researching and trialling elements of digital currency platforms. The RBA has run simulations of a wholesale system, for instance, for interbank settlements.
Most of the central banks are wary about rushing towards a digital currency future because of the potential disruptions it might cause to their existing banking systems if people were given a choice of holding digital currency issued directly by a central bank rather depositing funds with privately-owned commercial banks.
In financial markets like Australia’s or Canada’s, where the banking systems operated soundly through the global financial crisis, have sophisticated digital payment systems and now, after significant strengthening of their capital bases and liquidity, are supporting their economies through the pandemic, there’s no urgency to fundamentally change the structure of – to disintermediate -- their financial systems.
There’s also the risk of a generational divide if central banks move too quickly on the digital front, given that the profile of those most reliant on cash transactions tilts heavily towards older people.
Nevertheless, the seemingly inexorable trend towards digitisation of payment systems, combined with the likelihood that other countries like Sweden and China will move early and the potential for the big tech companies like Facebook, Google or Amazon to create their own currencies and payment systems outside traditional banking systems, means the central banks have no option but to continue to explore the potential of digital currencies.
That exploration will have a sharper edge if China digitises its currency. Only this week, China recommitted itself to the introduction of a digital yuan.
It sees a digitised currency as a way of increasing its global influence and reducing the dominance of the US dollar in global commerce and finance, a dominance that enables the US to exert geopolitical influence through the global financial system.
China has some unlikely allies, with no little thanks to Donald Trump’s diminishing of America’s role in key international institutions, his "America First" agenda and his willingness to use tariffs and sanctions against America’s foes.
The Bank of England governor, Mark Carney, shocked many last year when he advocated development of a "multi-polar" digital currency to displace the US dollar as the world’s reserve currency, arguing that there was growing asymmetry between the dominance of the dollar in the global financial system and the diminished US share of global economic activity.
The US accounts for only about 10 per cent of world trade and 15 per cent of global GDP but two thirds of all countries peg their currency to the US dollar, and more than half of global trade is invoiced in US dollars. Global financial market activity is dominated by the greenback.
As the US withdraws from global economic leadership, a "synthetic hegemonic currency" would dampen the domineering influence of the US dollar on global trade and the impact of domestic developments in the US economy and markets wouldn’t spill over to the same degree into other economies and markets, Carney said.
He didn’t say – but China would be aware – that a reduced role for the US dollar would also have a negative impact on the US economy and living standards. Its status as the world’s reserve economy allows Americans to live well beyond their means, lowering the cost of imports and Americans’ cost of borrowing.
Thus there are geopolitical dimensions to the push towards digital currencies that coincide with the sharper edge that the pandemic has given central banks' interest in facilitating digital payments and investigating digital currencies.
submitted by pooheygirl to CoronavirusDownunder [link] [comments]

.12.4 Patch Notes

UPDATE 2:51PM EST
New 3MB Patch
UPDATE 1:21PM EST
Seems that server are now down, many players are experiencing issues. https://twitter.com/bstategames/status/1238155173568163840
UPDATE 12:19PM EST
Tarkov is now live!
POST UPDATE ISSUE 11:55PM EST
Due technical reasons, we are forced to extend the installation of the patch for some time.
We apologize for any inconvenience caused.
Dear Escapers!
The installation of the 0.12.4.6254 patch for Escape From Tarkov is complete.
You can download it through the game launcher.
As always, if you will encounter any bugs or issues please report them to our support center through the game launcher.
Added:
  • Interchange location has been reworked
  • Interchange location lighting has been updated
  • New interactive objects, new location exfils
  • Various problems with culling, physical colliders have been fixed
  • New mechanics, overweight. The character receives various debuffs while carrying a certain amount of weight (increased equipment noise, movement speed limits, increased stamina consumption, etc.)
  • Fatigue effect debuff has been added, which appears if the character keeps the stamina at a low level for a long time. Energy consumption increases with this effect.
  • Now The character's stamina indicator is divided into arms and legs. The arm's stamina is consumed when aiming, throwing grenades and fighting with melee weapons. The legs stamina is consumed during sprinting, jumping, changing body positions, etc. Also, the legs stamina starts to drain when the hand's stamina drops to zero.
  • The "trading "flea market", "inventory" buttons have been added to the bottom panel of the interface for quick access.
  • New hand grenades based on the VOG-17 and VOG-25 prototypes.
  • The resolution of your screen is automatically determined and applied as standard settings, at the first start of the game.
  • New weapon mods
  • New sets of character customization and equipment
    • New BEAR top called “Telnik”
    • New BEAR pants called “Tiger”
    • New USEC top called “TIER2”
    • New USEC pants called “Commando”
    • New SCAV top “Olimpic shirt Russia”
  • New body armor, tactical vests, backpack, helmet, active headset
  • Grenade case
  • New barter loot and new trading schemas requiring this loot
  • New hideout crafting schemas
  • New quests with new outfits as a reward
Optimization:
  • Minor lightning optimizations
  • Minor decals optimizations
  • Various server stability optimizations
Fixed:
  • Fixed a bug in which saving the weapons preset, all inventory, and trading operations could freeze
  • Fixed part of inventory display bugs at 2k (or 1440p) screen resolution
  • Fixed a bug where AI corpses could disappear during reconnect
  • Displaying of notifications while receiving weapons from a SCAV box has been fixed
  • Fixed a bug when the production timer might not be updated when the generator ran out of fuel
  • Fixed a bug when it was impossible to enter the hideout after transferring graphics cards from the Bitcoin farm
  • Fixed a bug when the context menu did not appear on items brought by SCAV
  • Fixed a bug when the item could remain unexamined after production
  • Fixed a bug when you, with a pistol or melee weapon, press the sprint button twice, the character runs in place
  • Now you won’t be kicked to the main menu, after receiving a “the stash is full” error
  • Fixed hideout bug which allowed to appear a window for transferring items from the first-person view
  • Fixed pop-ups which can appear not in the center of the screen
  • A bug while the pop-up with a list of missing items appears beyond the screen
  • Fixed a bug which caused errors at the flea market while there are barter offers
  • Another various bug fixes and corrections
Changed:
  • Stimulants parameters have been adjusted, debuffs became weaker
  • The weight of various items has been adjusted
  • The flea market is now available from the 15th PMC lvl (was lvl 5)
  • Small reflex sights marks were downscaled (aimpoint, romeo, trijicon)
  • Accuracy values in weapon characteristics are now displayed in Minutes Of Angle
  • We added a weapon name to the standard weapon presets, which they relate to
  • Strength and Endurance skills have been reset
submitted by Skyroor to EscapefromTarkov [link] [comments]

[DISCUSSION] Increasing the RYO dev fund

As we all know the price of crypto, and especially alts, has been going down. Zcash is close to its all-time-low. Monero is lower than it has been before Alphabay pump in 2016
Current dev fund income makes it hard to cover even server costs - let alone hire someone to help with development or marketing. While RyoRu has been doing great work producing graphics and announcements for basically free, he is just one guy. Development has also been going at a glacial pace since last time we had someone to help us out was in September.
Therefore I would like to propose increasing the dev fund to 51282 RYO ($382) per week, while keeping the emission. This will decrease the miners' block reward to around 54.95
We already talked prominent members about it, and here are the common pros and cons
For
Against

Edit:
submitted by fireice_uk to ryocurrency [link] [comments]

Home server refresh

Build Help/Ready:

Have you read the sidebar and rules? (Please do)
Yes.
What is your intended use for this build? The more details the better.
This i7 920 build was originally a gaming desktop I bought in 2008. In 2015 I built a new Haswell rig to replace it and I have been using this i7 920 machine as an experimental home server where I played with VMs to study for my career in IT. It had run many sorts of workloads including databases (MSSQL, MySQL, PostgreSQL, Oracle), Active Directory servers, Linux LAMP stacks, and bitcoin nodes amongst others on originally ESXi and now Hyper-V hypervisors, and have served me very well throughout the years.
I have been feeling the need to have more RAM as I cram more and more VMs into it and I think it is now high time for an upgrade.
If gaming, what kind of performance are you looking for? (Screen resolution, framerate, game settings)
I am not looking to game on this build, but I will need good performance for a multiple VM environment.
What is your budget (ballpark is okay)?
Money is not really an issue but I want to be spending at the right performance/value curve i.e. I do not want to be paying a high price increase for a marginal performance gain.
In what country are you purchasing your parts?
Malaysia.
Post a draft of your potential build here (specific parts please). Consider formatting your parts list. Don't ask to be spoonfed a build (read the rules!).
Type Old Item New Item
Processor Intel i7 920 4C/8T AMD Ryzen 5 3600 6C/12T
Motherboard GIGABYTE EX58-UD5 GIGABYTE X570 AORUS ELITE
RAM 6x 8GB DDR3 Kingston Value RAM 2x KINGSTON HyperX Fury 32GB 2666MHz DDR4
Graphics GeForce GT1030 - reuse -
Power Supply PC Power & Cooling 1000W Corsair CXM 750W
Casing Cooler Master CM690 Fractal Design Define R6
HDD 1 Western Digital 1TB - reuse -
HDD 2 Western Digital 2TB - reuse -
HDD 3 Western Digital 1TB - reuse -
SSD 1 Crucial MX100 256GB - reuse -
SSD 2 - none - ADATA XPG SX8200 PRO 512GB
Provide any additional details you wish below.
Justifications:
It would be great if I can get your thoughts on this plan. Any feedback is greatly appreciated. Thanks!
submitted by artwell to buildapc [link] [comments]

Skills Implementation

Upvote etc. if you like these following suggestions, show the appreciation. So that the Dev's may take action towards them.
Remember, stay Hardcore.
So regarding the recent changes to Market. I know we never had it before in the Alpha stage etc. and people take advantage to make $$$ etc.
But the one of the things grinding me is the Charisma & Intellect. Sure, maybe lower the 100% discount for every level, 50%.. I'm not here to give specifics or know what's best for the game.
My thoughts are simply apply these bonuses to help deal with the fact that we're being dicked by these new updates. I'm not entirely bothered but it's starting to seem pretty useless the more we go on.
I've noticed since NDA Alpha, the BEAR & USEC specific skills have been removed entirely from the greyed out section of skills. Again, another feature that's just been forgotten and whatever the plan was, I'm pretty disappointed that we'll never see it.
Even the Prone Movement could be implemented properly, now that you've virtually silenced the movement noise of crawling around by Default. When the skill could be implemented to have allowed that itself. By increasing speed and lowering noise created per level.
First Aid I believe should've been implemented ever since you added medication Animations, to allow for faster medicating or quieter(probably not really), or perhaps it can heal more for the same durability points.. Maybe cost less to heal a bleed reducing from 30 to 10 or 5 over the levels, until you hit a maximum [level] of some amount.
Maybe, and of course I don't know the idea's behind "Free Trading".. But let's say it would allow for a higher maximum "Approx. Value" that would allow us to still sell item's on the Market, even if not found In-Raid; at the end of the day, the trader, or the trading, will not care(in a Lore abiding way) whether or not the item is found In-Raid considering you do not acquire the found In-Raid check mark after purchase. Therefore buying cheaper items off the market, allow for profits to be made off traders.. Something I believe can never really be patched out without removing flea entirely, simply because when you work for the better Trader levels, rep etc. they should provide a better price, therefore allowing players who have put the time and work in, to get better rewards, as you might expect to receive when working with somebody for so long.
"Barter" could come under similar connections to free trading but implemented with Traders, allowing for cheaper Barters, Less items required for the purchase/barter etc. I have not had too many thoughts regarding this skill.
My final thought goes towards "Shadow Connections". I do consider the fact that Fence was essentially the expensive Flea Market before it was implemented, now apart from the fact that he is clearly going to provide bad/high sale prices, and gives lower value to sell items to him... As the market is now more restricted, I would like to see that Skill provide better buy/sell prices with Fence. Potentially at max, providing better prices for certain items. Maybe he likes Graphics cards, things that can create underground non-official currencies such as Bitcoin etc.... Again to be thought out by you guys the developers.
People talk about Quality Of Life, which isn't really an issue, this game is hardcore, always has been and I hope always will, I understand you have Russia 20XX in the works and will take up your time, I also believe that skill implementations like these will allow further progression, a wider range of things to work towards and therefore extend the life of the game between wipes, before people consider themselves "Maxed out" or "completed" in the game. Of course, if the Team plans on potentially never wiping the game at some point, then these things will all contribute to that goal, In my personal opinion. The sooner we see them, maybe the longer we have to learn how to do it and therefore be more comfortable when/if no-wipe arrives.
submitted by Cooperhere to EscapefromTarkov [link] [comments]

Learn once and for all: Whales are in control!

Note: I'm sorry for the English, I'm using Google translator to get this message across.

You don't know me, because I'm new here on the forum, but I know the stock market since we can buy shares at Home Broker through the internet. Since then I have always done graphic analysis in countless actions around the world.

I am also in the cryptocurrency market since the beginning, so I have experience to say what I am going to talk about now.

What I am going to say will not please many, but I am not here to give candy to any child. Truth hurts! So if you are a person of courage, hold on!

Let's just talk about Crypto, because that's what interests everyone here, especially Bitcoin.

First of all: Stop trying to guess what will happen to Bitcoin. This is impossible, learn once and for all that the probability of Bitcoin reaching 1 dollar or 1,000,000 dalors in a few months or years is the same. Do you know why? Because the ones who "lead" the Crypto market (all cryptos) are the whales. They decide when this Crypto will go up or down. Get out of your heads that the Crypto market is totally linked to the stock market! NO! IT IS NOT CONNECTED. The whales that make this "connection".

Secondly: Right now you are saying "What is this idiot talking about? If the Cryptocurrency market does not keep up with the stock market, why are all Cryptos falling with stocks?" I already answer you: DIVERSIFIED INVESTMENTS! Yes, this answer may seem strange, but anyone who understands a little about buying and selling Crypto and Stocks knows that no one invests their wealth in just one asset, but in several, perhaps dozens! What is happening with the Crypto market is simple, the whales are selling everything (stocks, cryptos, bonds, gold, dollars, etc.) to buy more in the future, this is NORMAL, in the whole market this happens. So this "link" that you believe Bitcoin has with the stock market is actually made by a minority that has thousands of Bitcoins in their wallets, and they force the market wherever they want. They are currently pushing it down, so they don't miss the opportunity to buy more bitcoins in a few days. Think about it: A whale that sold 10,000 btc's at $ 4,000 each, he can buy 40,000 btc's if the value of the btc reaches $ 1000. This is increasing his Cryptocurrency wealth by 400% with the same money. And you are making it happen, selling Bitcoins at an undervalued price.

Thirdly: Analyze the charts, and see that it is impossible for the bitcoin market not to be manipulated, there is no possibility of an asset falling $ 1000 in a few minutes. This can only happen if 1 or 2 people sell a large amount of Cryptos causing smaller investors to scare and sell their cryptos to them at much lower prices.

And lastly, yes, you can doubt it, but the vast majority of whales are in Russia, China and the USA. The Chinese mine an immense amount of Cryptocurrencies daily, and they want to become the owners of this market, but they will only be able to force others and sell the cryptocurrencies they have. And how do you achieve this? Making investors afraid! The fear factor is the emotion that practically cancels the reason in your brain, in other words: Covid-19 is a perfect weapon to cause this fear.

With money you can buy everything, including big media around the world to help spread this fear across the planet!

I am not claiming that Covid-19 is a scam, but they are giving it far greater importance than it should.

The Chinese government has done this in the past, it is doing it now and it may do so again in the future.

And finally, you can criticize, but criticize rationally, do not be like people who let themselves be carried away by emotion and do not use reason to debate!

But once I'm sorry for the mistakes in the language.
submitted by CryptoFull to Bitcoin [link] [comments]

Graphic card usage idea

I just built my first bitcoin farm and was just thinking: It would make sense to put an usage bar in graphic cards that would decrease really slowly while being used in the farm. This would make the hunt for cards endless and potential increase the value of bitcoin. What do you guys think? Was already mentioned in the past?
submitted by JonnyTeronni to EscapefromTarkov [link] [comments]

245h in my first wipe and I thought I give you a little resume about my thoughts and experiences from a noobs perspective in this game since I just hit $100 mil. stash worth.

First things first: yes, Im a rat. And a proud one that is. Not, because Im afraid of PVP or have gear fear - of course at first - but no. Im quite experienced with that. But it just doesnt make me happy in Tarkov. I played CS for almost 20 years and have over 4000h in Pubg, but the PVP in Tarkov is different. And mostly its things like "$1 mil. loadout but I can still as easily get you with my pp-19 leg meta hiding in a bush", its cheaters, its server instabilities that cost me SO much money, when I had actual loadouts with me, its bugged extracts.....theres so much that ruins true satisfying PVP for me so I became a rat very fast.
In the beginning (first 100h or so?) I only did one thing (since I didnt know what to do, how to play, how this game works and I watched a lot of Sequisha beforehand): marked runs. I rather fast accumulated around $30 mil, because I didnt go out with actual gear because of gear fear and the movement and PVP is, tbh, rather clunky. It takes some time to get in there. But around then I actually killed someone who had a headset and I looted him outside dorms and heard someone coming from SO FAR AWAY and something in me clicked and I understood how important the little details are. I killed both and extracted with so much shit, I was so pumped. And I was in. From that point on I took actual gear with me and since then survived every marked run (where before I only like....2/3/5 out of 10 runs or so because of scavs I couldnt kill with my hatchet, Reshala or other PMCs) and bumped my extraction rate from ~5% to 15%. I had a LOT to catch up on tho. I had done hundreds of runs.
Well....then my gameplay was followed by a time of geared runs and doing missions. Went from level 15 to 40 in like....2 weeks or so (~80h). Snacked the thicc cases from the missions and made a lot of money PVPing and looting.
But then....server troubles, cheaters, a lot of disappointing experiences, and I just noticed how sad and mad it would make me if I go in with actual gear and lost it to some stupid shit. I cant remember how many times I sat at RUAF and it wouldnt let me out or get killed by extract campers or or or....excuses maybe, yes.
But then also the "tagged and cursed" mechanic was introduced and (as I already expressed here) I was immediately a big fan. Its so much fun. They changed some things I think....it doesnt feel anymore like it did before but its still fun. And as I found out how to play this, my runs got so much more fun. And looting brings you so much more money in this game than PVPing. I had several, many many runs worth $1 mil. only in safe loot and keys. I really enjoying it like this.
And to quote Pestily here: Who thinks stash value, your level or your gear or whatever is important in this game is stupid. This game is not competitive. This game is only about one thing and one thing only: YOUR FUN. And nobody can tell you how to play this game or how it is supposed to be played. This game is supposed to be played that it gives you fun. Nothing else.
I liked this statement. And yes, my fun in this game was not playing the market, not PVPing, not doing questing, it was getting the moneyz in. And so i quickly increased my stash worth from like ~35 mil to 100 mil in just 2 weeks or so (btw my Hideout is maxed out, I have 35 GPUS in my Bitcoin farm, I have cases and weapons in my stash, Im not JUST a money rat collecting for the numbers). Its crazy how easy it is to make money looting the right things. Not even playing the flea.
So.....yeah. I dont know.....it felt good but Im not sure if I will continue playing every following wipe until the full release. Because I dont want to get numbed liked so many others. I want the game to still bring me joy. So I might stop playing it that much from now on, play every time new content comes or big new patches and wait for the full story release I think. Because on the journey I met so many people telling me they got bored so they started stupid shit just to make it entertaining for them again...I dont want to get there just now.
Quick map summary:
Factory: yikes. I dont know why everyone loves this map. Basically no loot, only PVP but not even geared, or so geared you have no chance, extract camper galore....not a fan honestly. Maybe I just still havend found the
Shoreline: yes, I like but dont play that often on my own. I find it quite resort focused and not much going on in the rest of the map. Also it needs a boss for sure.
Interchange: I hate. Doing the 3M mission was just the worst experience in this game so far. I play on a graphics calibrated monitor and I cant see shit on that map inside, even when its light outside. So I have to use Nvidia Filters to see anything inside and still get clapped by the fucking chaddest players in this game. Its just not fun for me. And I probably make even more money on Customs than the average player here.
Labs: Not played at all. For obvious reasons at the moment. I havent learnt it yet, quests dont bring you there, and I couldnt even learn it from watching streamers play it. Very confusing map to me. Maybe later.
Woods: Hahahahaha. Hahaha. Ha. Hahahaha. I dont have to say anything right?
Reserve: Havent played at all. Quests didnt bring me there. I didnt know it was so new. I dont like the setting. I dont like the extract restrictions. I havent found a red rebel yet (sure I know I could just buy it but wheres the fun in that), I dont like the dripping sweat in this map and also Im scared of raiders.
Customs: Bae <3
Thanks for listening. Cheers
https://preview.redd.it/pb8o9mzbuvl41.png?width=1920&format=png&auto=webp&s=c71f77b170d7a0ec8968eab7f12011b2a1b57a01
submitted by nighteeeeey to EscapefromTarkov [link] [comments]

What you should know about the bitcoin halving

What you should know about the bitcoin halving
https://preview.redd.it/wl6l09melkv41.png?width=1025&format=png&auto=webp&s=67a72ac734ae8dc39452143ac9c4ec5d58c34eac
Whether you’re a crypto faithful or just a passer-by who happened to notice a bitcoin headline, you’ve likely come across the halving.
The roughly quadrennial event is arguably an important one in the progression of the bitcoin network. For all the adjustments and changes to bitcoin’s code since its launch – and the evolution of the ecosystem and industry around it – the issuance cycle and bitcoin’s predetermined supply have never been altered.
The halving is, perhaps, emblematic of both bitcoin’s philosophical basis as well as its technical progression. It’s also a heck of a lot of fun, with past halvings inspiring celebrations and watch-parties for those counting down each block until the halving officially kicks in.
So, let’s get into it.

What is the bitcoin halving?

First, some basics. Each bitcoin block brings three things with it: transactions, newly-created bitcoins and fees.
For example, block number 625875 included 1,478 transactions worth 4899.23684782 BTC. The block was created by BTC.com. In exchange for making that block, BTC.com earned 12.5 BTC and 0.08439752 BTC in fees.
When bitcoin first launched, each block had a subsidy of 50 BTC. In 2012, that amount fell to 25 BTC per block, and in 2016 it was further reduced to 12.5 BTC per block. With upcoming halving – currently estimated to take place in or around May 12, when the network hits its 630,000th block – that amount will drop to 6.25 BTC per block.
To date, roughly 18.3 million bitcoins have been minted out of a total of 21 million that will ever be created.

Wait, what’s a miner?

Miners create the blocks of transactions that make sending BTC throughout the distributed bitcoin network possible. They append new blocks to the ever-growing chain – that’s the blockchain – and are rewarded with new bitcoins for doing so.
To create block 625875, BTC.com ran its miners and sought to be the first to create the next block. Mining is resource-intensive by design, and while some have described the process as an effort to solve a complex mathematical problem, a more apt description might be that miners rapidly try forming different numbers until they land on the right one.
Mining is a key element of Bitcoin’s security. As more blocks are added, it becomes more difficult to rewind the transactional clock and undo transactions from earlier blocks.
The generation of new BTC is how miners make money; their profits come from the sale price minus the cost of electricity, labor and everything else it takes to keep their legions of mining machines humming. The block reward is also the bedrock incentive for miners to keep the block production process – and, as a result, the transaction history – honest. By getting paid in bitcoin, they have an interest in seeing its price stay steady. A transaction history prone to manipulation or tampering would have no value.
The cycle of block reward or subsidy halvings is baked into bitcoin’s code. The reward reduction underpins bitcoin’s controlled supply, serving as a kind of digital parallel to finite natural resources.
So miners create new bitcoins, and with the halving, they’ll create fewer new bitcoins.
Yes. As The Block highlighted on Monday, miners currently make an estimated $13.4 million per day in new bitcoin and fees. Once the halving kicks in, that’ll drop to about $6.7 million total in the even that prices remain steady.
Of course, that number may very well fluctuate depending on the market reaction in the hours, days, weeks and months ahead. For a deeper look, check out The Block’s Larry Cermak by-the-charts column on the halving published on Monday.
I heard that the price is going to go up with the halving. Is that true?
Much digital ink has been spilled in recent months on the question of whether bitcoin’s price will rise as a result of the halving.
There are varying theories as to why: the halving will bring new market entrants, the tightening of issuance will spur more buying, or history will basically repeat itself. For example, bitcoin’s price rose above $1,000 a year after its 2012 halving. The July 2016 halving saw bitcoin’s price around $660 – a year later, the price had soared above $2,000.
But those were, arguably, different times, and next month’s halving is the first to occur after the parabolic craziness of early 2018.
A price increase isn’t a foregone conclusion – though, to be sure, neither is a drop or a continuation of the status quo.
Okay…so the number isn’t going up?
Nobody knows. And this isn’t investment advice, so quit asking me.

Who will be affected by this?

One can expect that major portions of the bitcoin-facing industry could be impacted in one way or another.
As noted above, miners will see the primary element of their income – new bitcoins – be cut in half. That’s bad news for miners who are operating older, less efficient hardware or borrowed significant sums of money to get new equipment – especially those hit by the recent turbulence in crypto markets. Bitcoin’s hash rate – a measure of the network’s computational power – could slip as some operations find themselves unable to make a profit and thus are forced to power down.
Exchanges will be affected because they’ll be front-and-center for any market response. It could prove to be a boon for exchanges as they’ll arguably be in the best position to benefit from any positive market moves.

Where can I watch the halving take place?

The best vantage point would a block explorer, where live updates for new transaction blocks can be found.
Given that the vast majority of countries are currently in the midst of social distancing because of the coronavirus pandemic, it’s unlikely that in-person parties will be held.
But with everyone stuck at home, it’s virtually certain that those with a stake or interest in crypto will be online – from Twitter to Telegram to IRC – waiting for the third-ever bitcoin reward halving to take place.
Written By: Ben
Edited By: Mosun
Graphics By: Jacobite
submitted by Telos4africa to u/Telos4africa [link] [comments]

Mining profitability gaining momentum

Mining profitability gaining momentum
We are back!
For the last 2 years there was not much to shill in mining mining was on the life support. And the profits constantly got decreasing. Start of 2020 Bitcoin and Altcoins are showing great performance in price action. This price action has also increased mining profits in some coins for more then 100% since december 2019. It might be to early to say that “we are back” , as crypto can be so unpredictable. But there is a lot of signs that we have now oversold a lot and value of crypto market is increasing steadily. We might see this pattern continue for good bit of times as BTC halving is coming up in 3 month. Let’s get in straight in. I will choose 3 hardware devices which in my opinion would be the best choice and we will see how profitable they are.
If you are new to mining and you want to know which devices to choose, choose from top market cap coins latest equipment. This will be your safest bet, as the mining profits are much more stable on bigger cap coins then on smaller cap coins. If you are small miner and don’t have large electric bills, you can choose smaller cap coins. They might go up in price lot faster then bigger cap coins in bull market, but be aware they they might dump lot faster. It is high risk high reward type of mining.
If you are really serious about mining, you need to look at cheapest power source possible which would be in 0.05c a kw/h range. It is not 2017 and mining from home wont be profitable at 0.30c a kw/h. Industrial power is possible to achieve 0.05 in many places in the world. If it is not possible in your country , look for the country where it is possible. So all profit calculations done for 0.05c a kw/h
Top mining profitability websites :
  • https://www.asicminervalue.com/ It is great website to see newest ASIC miners and their profitability. Usually the new upcoming mining machines gets listed here. So come and checkout this page every few days/weeks this page if you are serious about mining.

https://preview.redd.it/aut9qgz76df41.png?width=1206&format=png&auto=webp&s=b85486b8b0171c91301c6fa9827bc3795a4ea2b7
  • https://whattomine.com/ Is the best known for GPU/CPU mining profitability. You can choose what ever hardware to use and it will give you the best and most profitable coins to mine. It is very simple to use it. It does have Also asic miner profitability check, but for asics i do prefer asicminervalue,com

https://preview.redd.it/y0xr3dr86df41.png?width=1182&format=png&auto=webp&s=439e7cb67f8becc86f4d97c128504636922939e9
The top and 3 most profitable Crypto currencies to mine in February 2020 , for some people miner pick could be different. The prices changes if you are buying new/used , depending in which part of the world are you. This is my recommended , brand new purchase in Europe.
  • Bitcoin – Most suitable Antminer S17+ . It is one of the efficient Bitcoin miner currently publicly available, alternatives would be M20s miner and Avalon miner 1166. Antminer S17 efficiency is 73TH/s @ 3000watts . Current profitability after you have paid your electric bill is 7.82 usd in 24hours , with ROI achievable in 6-7month. It does seems great, but crypto doesn’t stand still. And has plenty of risks.

https://preview.redd.it/msokirj96df41.png?width=891&format=png&auto=webp&s=7552b4aff2c0df4c25d9a72ecc25dfb4c2510f43
  • Ethereum – Best miner to use is RX5700 graphic cards mining rig. I know there is an ASIC miner available A10, but most of you who are in mining will agree with me, that it is complete junk. It is only slightly more efficient then RX5700 gpu rig in terms of price per hash and watt per hash . But it is 10x more riskier investment in mining rig then buying GPU mining rig. So the efficiency of 12xgpu RX5700 mining rig is 640 mh/s @ 1700watts. Current profitability after you have paid your electric bill is 7.62 usd in 24hours , with ROI achievable in about 20-22 month. Ethereum is one of the underdogs which could perform quite well in 2020 and might reduce your ROI much more faster.

https://preview.redd.it/ajx9eyfc6df41.png?width=894&format=png&auto=webp&s=30442d846a9d70ea3eaac6eaf7c2bdbe476384e4
  • DASH – Lately has been released most efficient DASH miner STU-U6. Asic miners are very risky investment, but sometimes they might be very profitable. The beauty of this miner is that it is quite new model and it is mining profitably DASH , even that DASH is still over 90%down from its all time highs. This miner performance is 420GH/s u/2100 watts. Current profitability after you have paid your electric bill is 8.11 usd in 24hours , with ROI achievable in about 5-6 month.

https://preview.redd.it/l80xnwbd6df41.png?width=902&format=png&auto=webp&s=5620ecf7af742cdcae0ae7010cf910d9131ae801
These would be my to pick miners for start of 2020. There is big risks in any on these miners as no high reward investment is guaranteed anywhere. I’ll have more detailed explanation of the risks of each of these miners in my next post.
Any miner suggestion, what would be your best choice and why?

Video here - https://www.youtube.com/watch?v=QvVYQFJEmnQ&t
submitted by mineshop to gpumining [link] [comments]

BITCOIN TO $300,000 BY 2021!! The Chart NO ONE Is Watching ... Bitcoin all time price graph (August 2010 – October 2018) What makes Bitcoin and other CryptoCurrencies go up in value? THE BITCOIN CHART YOU CAN'T MISS (btc price prediction ... Historical Price of Bitcoin (2010 - 2019) - YouTube

Bitcoin and other cryptocurrencies like Ethereum, Ripple, and Litecoin have soared in value over the past year, thanks to continued interest from a range of investors. ... an increase of more than ... Bitcoin's price value more than doubled over the course of 2019, and its price has continued to rise on exchanges in 2020. Try our corporate solution for free! +1 (212) 419-5770. Bitcoin price historically dropped to ~ $14,000, but later that day it reaches $16,250 15 December 2017 $17,900 Bitcoin price reached $17,900 22 December 2017 $13,800 Bitcoin price loses one third of its value in 24 hours, dropping below $14,000. 5 February 2018 $6,200 Bitcoin's price drops 50 percent in 16 days, falling below $7,000. The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin. The Saxo Bank thinks Bitcoin will increase a lot this year. Not quite as much as John McAfee does, but still a lot. Saxo’s Bitcoin prediction 2020: they say the Bitcoin price will rise above $60,000 in 2020! This isn’t all they say, though. They also say the Bitcoin price will then crash and lose more than 98% of its value!

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