Tradeblock Estimates Post-Halving Mining ... - Bitcoin News

Telegram Q&A

How will the prolonging bear market (6-12 months) influence future strategic decisions - exchange listings, news release, milestones dates? The bear market will influence our plans for exchange listings and we'll have to make some adjustments. Listing on exchanges will be very helpful during the bull market. But in a bear market, reaching certain milestones is necessary in order to benefit from listing on an exchange. Other strategic decisions will move according to plan.
I've heard that Chongqing city is preparing blockchain alliance in China. is SS part of it? Also are you guys making any contributions to the municipal government of Chongqing city? Can you share any info on this? We are already part of the blockchain alliance in Chongqing. The government is showing a positive attitude towards blockchain technology. We're also working with relevant government departments on the business applications of blockchain and the development of Chongqing's blockchain industry. We'll announce more details after signing the agreement with the government.
What's the progress over listing exchanges? Also, how are you planning to list the token on the exchanges? "Vote to listing" or "pay to listing" or both? We're in contact with over 200 exchanges due to the combined efforts of the community and our team. We're also in contact with 5 of the top 10 exchanges. We believe there's no difference between "vote to listing" and "pay to listing." It's a marketing tactic by the exchanges. In regards to listing, we take the listing fees, timing, legalities of the exchanges, security, community, collaboration method, and development potential into consideration. We want to be responsible to both the project and community.
Is there any chance sharder will employ market makers/are they planning to buy back tokens to increase the price? We pay close attention to the market price of SS (hiring professional experts or teams are considered), but we're unable to intervene with the market. We do hope the entire crypto market will improve.
How many coins does the team have and when is it going to be unlocked? The team has 10% (50m SS) of the coins and they're used as motivation for the team. The lock-up period for the coins is 3 years and 1/3 of the coins will be unlocked per year.
Can you guys fire your marketing team n hire someone good. No point in development of awesome product if no one knows about its existence. Think about it :) The team is currently recruiting blockchain experts to expand our marketing and tech team. We hope for community assistance in regards to marketing as our community whitepaper is a great way to provide a win-win marketing situation for the community and project. We welcome all feedback and suggestions on the community whitepaper.
Many marketing efforts doesnt even require much funding: beautifully designed whitepapers, videos, onepagers with benefits or vision of sharder in couple of years. What is the plan guys? This is a very good marketing suggestion. Sharder is a global project, we hope our community can help drive the project’s R&D, operations, and marketing. The community white paper is a great way to help guide global marketing and operations. Sharder’s vision is to connect unused personal or enterprise storage into the Sharder Network and to provide a blockchain data storage network that provides storage and data services to users who require a long-term, secure, and confidential storage solution. We hope the Sharder community will embrace this shared economy with incentives for storage and that the project and community will grow as a whole. We’re also hoping the community can assist us in developing our slogan.
As your team mentioned, there has been miscommunication from team to investors, and there was flaw in strategy for the marketing team. What has the team learned and what are the correction action the team has planned to correct it to improve the token value. Token value has been depreciated too much. After the backlash, we released our community white paper and recruited more team members and community members to assist with improvements. We're also currently developing a community operating system and it will be online soon. This will no doubt assist with our operations and community expansion, improve communication between the team and community, and further improve transparency and public announcements.
Simple videos that show the key benefits of sharder tech. I can imagine the benefits of decentralized storage on a high level, but making that clear for the layman really helps in attracting investors. Vechain is a good example of this - many investors dont know the tech but are hooked because of their goal: blockchain with the highest enterprise adoption. That is a tagline that sticks. This is an excellent suggestion, we'll send a proposal to the community and allow the community to participate and provide feedback for the videos. We'll continuously update and improve our videos in the future.
How often are new tokens generated in your blockchain? The average time for block generation is 7 minutes in our testnet (fastest is 10 seconds per block). Block generation time can be adjusted in accordance to the task being performed (similar to the difficulty adjustment in bitcoin mining). You can view our network conditions on our Sharder Block Explorer:
Sharder's competitors could be Sia and other data storage blockchain platforms. However, I also see that IPFS could be a competitors of SS in terms of storing static files. Could you elaborate what services does Sharder offer on the top of what IPFS offers? 1. IPFS is an excellent decentralized storage solution. We will not be directly competing with IPFS and rather learn from their advantages. In other words, Sharder is an abstract storage protocol but IPFS is a realization for off-chain storage. 2. In comparison with IPFS: we’ve added a credit framework, cross-chain distribution, DAPP support, smart contracts, API for business applications. Our Watchers are more advanced than IPFS clusters in data distribution and data routing. Granularity can be managed and data distribution on the whole network can be adjusted in accordance to the requirements of enterprise users. The sharding amount and the backup amount can be customized and storage node region can be selected. The Prover roles not only provide File Coin’s storage exchange market but will also become a data service market like One Fair.
On Biweekly, you mentioned about researching over miner IPFS hardware, what are you planning to gain out of this research and what's the progress? We analyzed their base storage technology and ran the IPFS client integrated it into hardware for testing. We tested the stability and performance of the IPFS system. IPFS is one of the realizations for our solution for off-chain storage, we will setup the a private network and work to provide improvements for the Sharder Network.
My understanding is that Sharder is forked out of NXT. I am not sure if SS github contains latest code of SS, is SS blockchain completely revamped version of NXT? If so, what functionalities/services did you/will you implement on the top of NXT? The newest Sharder fork is Nxt1.11.5 (newest version before the Jelurida take-over of Nxt). We made some optimizations and extensions for the current version, such as: PoS consensus block generation adjustment, node ranking, UTXO transaction model, Coinbase transaction, block generation efficiency, addtion of DPoS and PoC consensus, business API, performance optimizations, etc. We're also in the process of developing forging pools and off-chain sotrage solutions.
How many sharder hubs and boxes will be manufactured?So far, total supply is 280m and assuming that the hub requires 100k, and 70% of these tokens are staked to run nodes, it would end up running about 2000 hub hardwares. So, I am curious who would become a reliable manufacturer responsible to meet the supply requrements and how it is going to impact the retail price of SS hub hardwares. So @ss team, what is your opinion on that? 1. We’ll first manufacture the Sharder Hubs and there’ll be around 200-500 units for the first batch. Pricing TBD, we’ll need to complete the prototype before being able to estimate the cost and retail pricing. We’ll announce the pricing before announcing preorders. 2. Our supplier is based in the Guangdong province and they have an experienced supply chain system. Product quality and a timely release is guaranteed. 3. The token requirement for running nodes is still TBD, we’ll determine the requirements from the test chain’s test results and market conditions.
Explain the credit model talked about in wp In Sharder Protocol, proof-of-credit is bound to the account and is calculated differently according to role: Storer: total storage volume, storage duration, online duration, times penalized. Full Node: maximum transaction processing volume, block generation speed, fork convergence speed, online duration. Watcher: indexing service performance, online duration. Data Owner: data storage volume, transaction volume. Prover: amount of data verified.
Any updates on node requirements since testnet. I.E. how many full nodes available and has estimated # of SS required been established yet. Testnet registration and connection to nodes will be opened in Q3 in accordance with milestones. SS requirement is still TBD, we'll announce the requirements to the community beforehand.
What precautions/incentives are you going to implement to prevent a 51% attack on the SS network? 51% attacks is a problem all blockchain systems will face, it's impossible to avoid. To lessen the chances of attack, Sharder Protocol utilizes PoS and DPoS for block generation. In the future, PoC (proof-of-credit) will be integrated to select a suitable block generator. Sharder will also penalize malicious nodes, including a SS penalty and lowering credit. A deposit system will be used to discourage malicious nodes, increasing the cost for attack and fraud. As for common network attacks, you can read the white papers if interested, there's a detailed description for them. If you are interested for further discussions, you can contact our community management team or email [[email protected]](mailto:[email protected]).
Will the price to buy 1TB storage/month remain the same? or will it increase as the token price increases in value/ network is used by more and more people? We hope and encourage users to use SS for payment within the Sharder Network to prevent token or pricing fluctuations. In the future we may allow payment via fiat money for users in countries where laws and regulations forbid the use of cryptocurrency. Storage pricing will also be safeguarded via contract (smart contract), storage pricing will remain the same for the duration of contract validity. We hope to establish a static pricing for our storage services, this will be even more convenient for business users or DAPP usage. But the pricing of SS will be decided by the market.
Are you planning on creating Desktop apps for the general public to be able to buy storage on SS and store data on SS? Just like dropbox and google drive have their own integration into the desktop OS so it is easy for users to upload to their servers. Such an app would include for example: a payment gateway where users input credit card details - they pay for example $2, and they get 1TB storage for a month but in the backend your web API would take care of buying SS tokens with the user's money and buying storage with those. This will obviously all be hidden from the user since the general public does not know how these things work and it is difficult to stay buying tokens etc for the general non technical user. This will obviously help increase SS adoption and be widely used by a lot of people. It will basically be like dropbox but behind the scenes there would be the purchasing of tokens etc. This is a great question! It's a great way to think about the product. The Sharder Client we plan to release will have these functions but storage space must be bought with SS. What you suggested could be thought of as a DAPP product in the Sharder Chain. Suitable teams can complete the development with Sharder's business API. But, it's still possible we'll add fuctions similar to Dropbox or backend SS payment support according to user and market demand. In otherwords, this will be developing a DAPP product with Sharder's storage capabilities. Users will be able to use the DAPP without knowing about SS.
Is DPoS algorithm running during the Alpha test? Does sharder team need more concensus data to decide the node numbers? The DPoS algorithm will be tested during internal testing with the forging pool. It's estimated to be released in Q3. Of course, the more consensus nodes the better. We hope the regions will be dispersed, this is beneficial for preventing attacks and connectivity between nodes.
When will testnet be released? When can end user participate the beta bean cloud? The testnet is already released and online. Bean Cloud is currently in the alpha phase and is undergoing internal testing. For the internal testing, we're only focusing on business users. Public testing release will depend upon our internal testing results. Sharder Chain will be opened for registration and connection in Q3, the public testing for Bean Cloud is estimated to be released in Q4 after completing the key test.
Bean cloud mainly focuses on ecomerce/banks/govements/corporate clients. This will surely give Sharder a reliable revenue. However, the adoption rate could be a bit slow due the unmaturity of the technology. Can Sharder speed up or divide the tech team to develop the dapp Matrix one for end user. The revenue could be lower than the Bean cloud but the adoption rate could be very fast. With corporate and end users are tackle at the same time, it will benefit Sharder quickly. Please give any thought on this approach? This is a very good marketing suggestion. Sharder is a global project, we hope our community can help drive the project’s R&D, operations, and marketing. The community white paper is a way to help guide global marketing and operations. Sharder’s vision is to connect unused personal or enterprise storage into the Sharder Network and to provide a blockchain data storage network that provides storage and data services to users who require a long-term, secure, and confidential storage solution. We hope the Sharder community will embrace this shared economy with incentives for storage and that the project and community will grow as a whole. We’re also hoping the community can assist us in developing our slogan.
Does Sharder have the budget for the Marketing? Sharder will need to produce more videos related to Sharder product to educate more investors? Any plan fo this? As mentioned in the white paper, 10% of our coins are used for community development. 30% of the fund-raiser will be used for marketing. Sharder is a global project, we hope our community can help drive the project’s R&D, operations, and marketing. The community white paper is a great way to help guide global marketing and operations.
Are we going to see a prototype of the hardware soon ? Is there an NDA on the hardware? Will the schematics of the hardware be open source ? The prototype for Sharder Hub should be completed by September. Our miner is a storage miner and will be utilizing PoS consensus. It will not require PoW consensus and will not need to utilize too much calculating power. Hence, NDA is not required. At present, the hardware schematics are not open-sourced.
As Ben mentioned in the AMA regarding to the fiat option. So someone is giving Fiat to a "sharder company" for the service, but the toker holders receive ss for offering cloud services or mining the coin paying electricity and having real costs. So there is an issue here clearly. The token SS will not be appreciated at all and the token holders will sell out because their tokens are not in used in sharder ecosystem. Sharder is building an ecosystem so its tokens play a major role. Token must be utilized for the service. So the fiat payment will have to be converted automatically one way or the other which has not been clarified yet at this stage. Can Ben please clarify this fiat usage please. If the client uses fiat to pay for the service, is there a conversion from fiat to ss tokens? If there is no conversion, then SS token is useless. Just to clarify, SS has the following functionalities: the purchase of storage space, data services, operation of the Sharder full node and miner, block generation rights on PoS consensus, and a factor in calculating the PoC (proof-of-credit) contributions. At the current stage, fiat payments is only for business users testing Bean Cloud.
Given the low price of Ethereum at the moment has Sharder got enough fiat to continue operations until year end? Sharder are not having funding problems.
What information can you share with the community regarding business partnerships? Are any of these partners likely to be buying SS tokens? What feedback have you had so far regarding likely adoption? There’re currently 128 business users connected to Bean Cloud, these are our business partners. We’re unable to give any info on them due to the confidentiality agreement. We’re also collaborating with enterprises on developing the Sharder Hub. These partners are potential purchasers of SS.
With Q3 fast approaching are we likely to see any solid dates emerging for key milestones on the roadmap? When do we anticipate token swap occuring for example? Our technical development progress is moving accordingly to the roadmap. Token swap will be available after the mainnet goes live. Our tech team is recruiting more programmers to increase the efficiency of development.
Is Aaron Zhang still part of the Sharder team? How is Sharder utilising his skills and connections? Aaron is still part of the Sharder team, he is assisting us with contacting potential resources, strategic investments, and community development.
Many investors are interested in running a Sharder node. Initial speculation was that 100K SS would be sufficient to for this purpose. Please can we have an update regarding the number of required SS and any other prerequisites for masternode? Currently, there’s no SS requirement to buy or run Sharder Hub and Sharder Box. But, there are requirements to be a full node. At present, the Sharder Chain testnet is utilizing PoS consensus for block generation. We’re developing DPoS consensus and will test it at the Sharder Chain testnet. We will finalize the development according to testing, the community, and market circumstances. What can be confirmed is the amount of SS possession is a crucial determining factor. We plan to draft a proposal to the community and then it’ll be up for discussion. Please wait for our proposal. Also, we do not have a masternode.
How can the community get involved with testing? What we can do from a business or technical perpsective to assist the project? We welcome any business users to participate in the testing of the Sharder Network. Technically there's no limitations for participants, but the Sharder Network and Bean Cloud is currently undergoing internal testing. The stability and security of the operating functions are not well optimized yet. Our current main participants are Chongqing's local enterprises and they are collaborating with our tech team on the testing. As for business users interested in participating in our testing, we'll put you on file and you'll be given preference when our public testing goes live. Thanks again for your interest and support in the Sharder project. We’ll announce more details soon. Sharder community members can contribute personally by: hosting local Sharder meet-ups, submit bug reports on Github, etc. More details can be found in the community white paper. As for business or technical assistance: 1. Establishing business collaborations: a. Storing data in Bean Cloud (transaction records, e-contracts, e-warranties, e-ledgers, etc.) b. Deploy a node and join Sharder’s testnet. c. Provide customized blockchain tech support for business users. (custom storage settings, proposals, product smart contracts) 2. Community development: strategic cooperations, community operations, social media marketing, roadshows, etc.
Github seems quiet. Is this any cause for concern or is most of the work occuring offline? Currently, our tech team is dedicated to the R&D of Sharder Network’s core functions. Instead of uploading separate files, the coding will only be uploaded to Github when the functions are completed. If there’re any bugs, the files will also be updated. Please keep an eye out for our fork updates.
submitted by Sharder_Protocol to Sharder_Official [link] [comments]

How to Get The Most Profitable Cryptocurrencies to Mine and More in Google Sheets

Original Medium post found here:
One of the most challenging aspects of cryptocurrency mining is finding the most profitable coins to mine.
A few services exist, but nothing beats what the creators of have done in a few short months.
The big benefit of the data offered by WhatToMine is a ranking of cryptocurrencies by mining profitability.
The =SS() function, available in Google Sheets as part of the Spreadstreet Google Sheets Add-in, allows the user to pull in two seperate endpoints from the WhatToMine API:
  1. Stats — Used to compare the profitability of all GPU based cryptocurrencies
  2. ASIC — Used to compare the profitability of all ASIC coins

How to install

1. Go to the “Add-ons” menu, and click on “Get add-ons”.

Get Add-ons Menu

2. On the Add-ons panel, search for “Spreadstreet”, click on “+ FREE” to install it.

Click on +Free to install

3. Choose under which account you want to install the Add-on.

Choose Gmail Account

4. Spreadstreet needs to connect to an external API, click on “Allow”.

Click "Allow" when prompted
Note on security: All add-ins within the store go through a review. This is a wonderful security measure, especially in the Crypto industry, which is rife with scams and hacks.

5. Make sure the add-on is activated in your sheet:

  1. Go to Add-on > Spreadstreet > Help
  2. Click on View in store , then click on Manage and check Use in this document:
Click "Use in this document"
Tadaa You are now able to use the =SS() function to pull in all sorts of amazing data within the cryptocurrency space.
Example =SS() usage

How to use for GPU-Mineable Coins

How does WhatToMine calculate profitability for GPU-mineable cryptocurrencies?
What is the calculation missing?
Get most profitable GPU coins
Call the function =SS(“get-stats-whattomine”, true) to return various stats from GPU-minable cryptocurrencies.
Example usage using the GUI:
Open the Add-in

Click “Add” to view the list of available APIs

Click on the “WhatToMine” icon

Click “Stats”

Click “Insert”

Click “Run”. This will paste values into the currently selected Cell, and save that in the main GUI for future retrieval

Example usage using the =SS() Formula:

=QUERY(A:W,”select A, T where T is not null order by T desc”) returns the most profitable GPU-minable cryptocurrencies.

How to use for ASIC-Mineable Coins

How does WhatToMine calculate profitability for ASIC-mineable cryptocurrencies?
What is the calculation missing?
Get most profitable ASIC coins
Call the function =SS(“get-asic-whattomine”, true) to return various stats from ASIC-minable cryptocurrencies.
Example usage:

=QUERY(A:W,”select A, T where T is not null order by T desc”) returns the most profitable GPU-minable cryptocurrencies.

Common issues and how to fix:

  1. Do not keep your sheet open at all time. This will prevent the rates from refreshing. The rates will auto-refresh each time you re-open your sheet.
  2. The add-on may not work right away on other old spreadsheets. You need to do this to activate Spreadstreet: Open the old sheet, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click Use in this document .


Download the add-in:
First time install and login:
WhatToMine Stats endpoint help:


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Bitcoin Madness: How to Simulate Bitcoin Prices in Google Sheets
submitted by 1kexperimentdotcom to gpumining [link] [comments]

Blockchain for Supply Chains Bitcoin Q&A: Limited supply and block subsidy About crypto and how to calculate your ROI MAKING MONEY MINING BITCOINS - See How Some People Are Getting RICH from BITCOIN Miners Who is the BITCOIN CREATOR?

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future. Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this. People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins. Bitcoin ... BTC’s block reward is expected to halve on May 12, 2020, and Tradeblock’s report estimates that the cost to mine BTC will be over $12,500 after the halving. Real-Time 796 Litecoin Futures Market Charts. Left Click - add point/line Right Click - remove line Estimate Strategy. Extrapolating bitcoin difficulty or price is pure voodoo. It is much easier to predict the relationship of the two parameters in form of the Mining Factor. The Mining Factor 100 is the value in USD of the bitcoins you can generate if you let a 100MHash/s miner run for 24 hours. If the Mining Factor 100 rises above $2 or so ... The best we can do, according to Coin Metrics, is to run a ballpark estimate by using Bitcoin’s difficulty (an internally-correcting measure that dictates how hard it is to find a block) and the frequency with which blocks are produced. “In a distributed process like mining, it is near impossible to obtain reliable hash rate figures from the universe of miners,” Coin Metric’s Ben ...

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Blockchain for Supply Chains

Future Thinkers 1,774,362 views. 9:57 . 109-Year-Old Veteran and His Secrets to Life Will Make You Smile Short Film Showcase - Duration: 12:39. National Geographic Recommended for you. 12:39 ... Facebook backer-turned-antagonist Cameron Winklevoss has issued a bright forecast for the future of the Bitcoin cryptocurrency. Speaking in a Reddit Ask Me Anything session, Winklevoss said that ... 🔴 BITCOIN LIVE : BTC Saturday Candle Close Stream 🔴 Ep. 933 Crypto Technical Analysis Mitch Ray 646 watching Live now Scalping: An effective and highly profitable trading strategy - Duration ... Why is 21 million bitcoin the maximum supply? Can it be modified? Why will we never actually reach 21 million bitcoin? Estimates of bitcoin lost so far. Miners can give themselves less than the ... In around seven days’ time, the difficulty will increase by an estimated 6% , implying demand is in place to make processing Bitcoin transactions more intensive in terms of computing power. The ...