China Mining Machine, Mining Machine Manufacturers
China Mining Machine, Mining Machine Manufacturers
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sichuan mining equipment group - noomenadvocatuur.nl
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[SHARE] Textbook Megathread #18 Free PDF
[Diplomacy] The Third Belt and Road Forum: The Caucasus
June 8th, 2021 Beijing, China The reality is that China does not have the military power that the United States and Russia bring to the world stage, nor do we have decades of Cold War influence that have carved out spheres of influence in the forms of economic unions, alliances, and buffer zones. However, we have the greatest weapons of all on our side: time, and an artificially-devalued currency that allows us to perform what Western economists refer to as "black magic." Our system has confounded the West and its brightest minds for years, and they will continue to scratch their heads as the honorable and powerful People's Republic exercises our soft economic power to carve out our own spheres of influence across the world. Debt is a loaded gun with a hair trigger, a time bomb with a broken clock. There is a reason moneylenders were so hated all throughout human history -- they held power over their debtors, real power. In a world that is becoming increasingly dominated by the multilateral alliance of NATO and the lone Dragon, we must build a multinational web of our own. We do not have natural allies as do the Americans and Europeans, and many around us do not trust us enough to sign onto a permanent military alliance. However, we can slowly bring the nations of the world to appreciate us through copious investments. And it is through these investments that we will make these countries dependent upon us for growth, so that they may one day repay our kindness with a favor of our own request. The greatest minds of China, including Paramount Leader Xi Jinping, Asian Infrastructure Investment Bank President Jin Liqun, and Silk Road Fund Chairwoman Jin Qi have determined that this is our path forward, and we will follow it to the glorious destiny that awaits us. The first Belt and Road Forum of 2021 will focus on a valuable reason, one with limitless potential for growth and profit, and an important battleground in the war for global influence: the Caucasus. Turkey, Georgia, and Azerbaijan have been isolated for this round of offers, focusing on infrastructure, energy, agriculture, and more.
Turkey: The Middle Corridor
A nation seeking to increase its own global standing, the Republic of Turkey recently announced the creation of the Middle Corridor Project, an investment program seeking to increase connectivity between Europe and Asia through Anatolia and the Caucasus. Conveniently enough, the People's Republic share the same goal. While Chinese-Turkish relations are not all they once were, it is our opinion that our nations still have much to gain through cooperation in this arena. Therefore, we bring the following offers to the Republic of Turkey: Working On the Railroad Following the imminent integration of the Baku-Tbilisi-Kars Railway with the Edirne-Kars High Speed Railway, the Turkish-Chinese trade network -- with a total volume of over $100 billion -- will become much faster and more efficient. The vast expansion of this capacity for movement of goods will continue to open up trade avenues between Turkey and China, allowing the Turks to benefit from Chinese investment and affordable manufacturing while Chinese companies will gain access to one of the largest and fastest-growing markets and industrial bases in Europe. To further accelerate and improve this process, China is willing to offer a loan of $2 billion dollars at a 2.4% yearly interest rate for the purpose of more quickly integrating the two rail networks with the rest of the trans-Asian railways. As Chinese companies have been proven to construct a mile of high speed rail for the ludicrously low price of $30 million, this offer should invigorate the process and greatly enhance the railway's capabilities should Turkey accept. The Nuclear Option A major goal of the Turkish Ministry of Energy and Natural Resources throughout the 2010s has been the construction of nuclear power plants in order to increase the nation's share of energy from that source. However, a number of projects have only ended in failure, having met various roadblocks from the safety issues that led to the abandonment of the Sinop Power Plant Project and the deterioration of relations with Russia that have halted the progress on the notable Akkuyu Power Plant Project, which was originally scheduled to be built, owned, and operated by Russian parent company Rosatom. The final nuclear plant scheduled in Turkey is the İğneada Power Plant, to be supported by American company Westinghouse Electric. The People's Republic believes that Turkey would be better off working with the expert Chinese engineers and technicians, rather than the Russians, whose vision of Turkey and willingness to help is clouded by political tension, and the Americans, whose vision of Turkey is little more than a puppet and bulwark against Islamic terrorism in the Middle East. Certainly, Turkey can do better than this. The People's Republic has recognized that Turkey's economy has incredible potential fueled by a hardworking people and a bounty of natural resources. Therefore, we offer the following proposal to the Republic of Turkey:
The China National Nuclear Corporation will take on the project of building, owning, and operating the Akkuyu Nuclear Power Plant in place of Rosatom, replacing the four VVER-1200/509 reactors with four Hualong-1 reactors for a total production of 4,680 MW as opposed to the original 4,456 MW offered by Rosatom. We will offer the same deal as Rosatom, with an added bonus: Chinese investors will provide 95% of financing for the project (which had an estimated cost of $20 billion USD, now likely down to around $15 since the concrete foundations are already under construction as well as the ability of Chinese corporations to provide lower prices) and up to 49% of shares will be available later to sell to other investors. Furthermore, the Turkish Electricity Trade and Contract Corporation is guaranteed the purchase of 75% (up from 70%) of power from the first two reactors constructed, and 30% from the second two units. Since the cost of operation will be lower and the reactors will be more cost-efficient, electricity produced will be sold at a price of $11 per kilowatt hour, down from $12.35 as per the agreement with Rosatom.
The China National Nuclear Corporation will take on the İğneada Power Plant Project in place of Westinghouse Electric Company, which has not yet begun construction. The same deal offered as part of the Akkuyu replacement deal will be offered.
Georgia: On My Mind
Georgia, despite the relative prosperity in Tbilisi and other major cities, is still very much a developing country. It is heavily reliant on agriculture in many regions, and subsistence farming remains quite common throughout rural parts of the nation. The People's Republic's analysis of the country has determined that in order for it to accelerate its growth and drastically increase its standard of living, it must break the economic stranglehold that is subsistence farming, and Chinese corporations are more than willing to assist in this task. In 2019, Maya Tskitishvili, the Georgian Minister of Infrastructure and Regional Development commented that the Belt and Road Initiative would serve an essential function in growing the Georgian economy. As Georgia was one of the first nations to express interest in the initiative back in 2015, we find it fit to repay this faith in kind. Fixing Farms As stated, reforming agriculture through the end of subsistence farming is key to unlocking Georgia's industrial and economic potential. To this end, the Beijing Hosen Investment Management Group, along with a number of smaller Chinese agricultural investment firms, are willing to invest a total of $40 million into purchasing farms of 200 acres or less, or farms that have a projected yearly revenue of $50,000 or less, in order to consolidate them into large farms. These farms will employ at least 80% of their workers as Georgian nationals, while Chinese workers may be immigrated into the country to pick up the remaining jobs that will be created -- a notion that Georgia has previously explored with South African, Armenian, and Arabian nationals. Agriculture is generally associated with economies of scale, meaning that larger farms are more productive and more cost-efficient, so neighboring farms that can be combined into singular large enterprises will have a higher priority for purchase and investment. Furthermore, for larger-scale, Georgian-owned agricultural projects, the People's Republic is willing to offer various loans to Georgian companies. A total of $250 million will be made available at a flat yearly interest rate of 3% for the lease of Chinese-manufactured farming equipment from WeiFang Guanghui Agriculture Mechanism, Shandong Yingsheng Machinery Company, and the Qingdao Iaoshan Tractor Factory. The governments and cooperations of China and Georgia will cooperate to ensure that Georgian farmers who sell their farms will be able to find jobs in the newly-consolidated agricultural conglomerates to ease fears of unemployment. Furthermore, our economists (as well as Georgian economists) estimate that the jobs created by the elimination of subsistence farming will more than compensate for those lost during the transition. Bit by Boring Bit Interestingly, a growing career path in the nation of Georgia is full-time Bitcoin mining, as well as other forms of cryptocurrency. It is becoming quite common for young Georgians to take advantage of powerful Soviet-era electricity grids and the abundance of electricity in the region to mine vast quantities of cryptocurrency, making Georgia one of the leading countries in the crypto market. We believe that we can use this to our advantage. Chinese investment banks, notably the Agricultural Bank of China, will purchase a number of cryptomines and put them to work for the People's Republic, subsidizing part of the electricity cost in exchange for a portion of the profits and a foot in the door of the vast Caucasian energy industry, which will be developed more later.
Azerbaijan: The Middle Child
At the Second International Belt and Road Forum in 2019, Azerbaijani President Ilham Aliyev indicated his country's express interest in taking part of the project to expand its infrastructure and trade opportunities. With the increasing importance of the BTK railway, we see it fit to secure our interests in the Azerbaijani economy so that both our countries may profit. We wish to extend an offer of a loan of $8 billion with an interest rate of 3.2% to Azerbaijan to be used in expanding the Baku International Sea Trade Port, which currently handles 15 million tons of cargo, to handle 25 million tons of cargo by 2028. We would also like to explore the possibility of increased Chinese presence in the Caspian through investments in Caspian Sea natural gas, and the China Petroleum & Chemical Corporation is willing to invest $2.4 billion for the construction of two natural gas drilling facilities in the Bahar offshore oil and gas field in the southern Caspian. These natural gas facilities will employ at least 80% of its labor force as Azerbaijani workers, and up to 49% of shares in the facilities will be made available for sale to non-Chinese investors. There are an estimated 25×109 m3 of natural gas in the Bahar fields alone, and the fields currently produce around 130 billion m3, making them a valuable resource that should yield consistent production and profit well into the future.
The Fourth Belt and Road Forum
The People's Republic is open for business. In the wake of the COVID-19 outbreak that scarred many economies around the world, we want our fellow nations to know that China is willing and able to invest in them to ensure a better future for both our peoples. Currently, China is targeting the Middle East for the next round of investments, but the People's Republic promises that any nation which requests loans will be considered.
PSA: Amaury, Peter, Emin, Zander, all have 1 thing in common, they're all devs w/ big egos, underfunded, and eager to prove their worth "patching" bitcoin cash. Right now we're living the phase devs against bitcoin cash. BU+ trolls brigade rbtc heavily, take everything w/ a pinch of salt & DYOR!
I've noticed that the anti-CSW brigading in this sub has gotten really aggressive. I have been away from Reddit for a couple of month because my old account got shadowbanned and because I haven't had time to be online much. Here is an old post I did about BU trolls 2 months ago that was removed because my account got shadowbanned. BU's troll machinery includes a lot of devs (mediocre as well as good devs like Thomas Zander) and proper shills or UIs (useful idiots) who have been recruited to shill through BU's communities or chats. Communications wise BU is the closest thing to Blockstream from what I have seen in this subreddit. BU's number 1 target is CSW.BU's number 2 target is Bitcoin ABC/Amaury. Remember that everyone is welcome to contribute to Bitcoin Cash, but it is important to be aware of groups that engage in astroturfing to not allow any party to manipulate consensus. In the Amaury-CSW controversy BU trolls have flocked around Amaury. Don't be fooled though, the same trolls only 1-2 weeks ago heavily brigaded any threads critical of Andrew Stone's OP_GROUP proposal (Amaury was the main critic) and tried to depict Amaury as a gatekeeper. Amaury tends to act like a gatekeeper, yet brigading and astroturfing is not the way to deal with it. BU's functional lead troll is Contrarian, I have seen Contrarian attack everyone, even Roger Ver as "a fraud" and felon except of Peter Rizun. Contrarian believes that Peter Rizun should be in charge of bitcoin cash (he stated this in at least one comment). He has attacked me of being a shill because of some old spammy link posts I did a long time ago in my profile. I have already explained that those were old posts when I was working in e-commerce which were done through social exchange sites like addmefast where you do something, accumulate points and in exchange can ask others to do something for you. I invited Contrarian publicly for a youtube debate which he refused to do in order "to protect his identity". Remember that the most corrupt people in Bitcoin are Theymos and Cobra who also never come out in order "to protect their identity". When you hit Contrarian__ in reddit analyser this is what comes up: https://ibb.co/bEuMpT The most used word is Craig, the second most used word is Satoshi. The whole point of this 7 years old account is to attack and discredit CSW. The account is 7 years old so the current owner probably bought it from another user and started using it to discredit CSW. Contrarian's critique of CSW boils down to "he is a liar" and he uses as proof white lies Craig said when he was forced to come out as Satoshi. The bottomline is to remind everyone that the only irreplaceable thing in bitcoin cash is it being p2p cash. Everything else, every single dev is dispensable. Devs are at the service of miners and businesses, not vice versa. The moment devs stop serving businesses they should be kissed good bye. Not with astroturfing. But by abandoning or rejecting their software (even through a hard fork). This way only we won't have another Blockstream in Bitcoin Cash, by having users and those closest to users (businesses & miners) in charge. Bitcoin is above all a free market that consists of users, businesses and miners. Developers maintain the infrastructure, they do not design it. They can propose solutions but they cannot force feed changes or decide what to prioritize. Developers should develop exclusively what miners & businesses ask to be done, not what they think is required "to fix" the system. Recent attempts to fix non existent issues include also Amaury's pre-consensus (to make 0-conf more reliable, I still haven't met a business complaining about 0 conf) and other proposals to address the Selfish mining non issue. Selfish mining never happened in over 10 years, even when bitcoin's hash was much lower than today. Even if it's technically possible, the chances of it happening going forward are practically null. Selfish Mining very much reminds me of lightning, a nonexistent problem with an impossible solution. On the plus side I can say that in almost 9 months of activity in this community I haven't seen any signs that Amaury employs shills or sockpuppets. The only sockpuppet that occasionally defend Amaury are BU/Blockstream sockpuppets in debates agains CSW. Every dev should know that Bitcoin cash is open source, nobody is in charge other than the free market and only the market decides what is accepted and what is rejected. Not CSW. Not Amaury. Not BU. But hash and only hash. Devs who want to impose their views on the market should drop bitcoin cash right now and start working on their own coin.
Facebook’s Libra won’t be as power-hungry as Bitcoin
Libra, Facebook’s new cryptocurrency, is expected to have a smaller environmental footprint compared to some of its more notorious blockchain brethren, including bitcoin, according to experts. Its energy demands are projected to be more like those of existing data centers — which, while still demanding, aren’t quite as energy-hungry as mining bitcoins. The currency hasn’t launched yet, so it’s hard to know how those claims will stack up against reality. But its design — more centralized than most cryptocurrencies — means that Libra will likely draw less energy. Unlike its more decentralized peers, only a few trusted members of the Libra Association, the centralized hub for the currency, can create Libra. AN ORDER OF MAGNITUDE MORE EFFICIENT THAN BITCOIN “This is an order of magnitude more efficient than bitcoin will ever be,” says Ulrich Gallersdörfer, a researcher at Technical University of Munich focused on blockchain research. Gallersdörfer was the co-author on a recent paper in Joule30255-7) finding that bitcoin operations emit more climate-warming gas than the country of Jordan. Bitcoin uses so much energy because people who want to hold the cryptocurrency have to compete for it. That means bitcoin mining operations need huge amounts of computing power to snag a single coin, and to stay in the running, they all need to be running a set of complicated problems all at once. That uses a huge amount of energy every year — in 2018, researchers estimated that bitcoin used about as much energy as Ireland. By contrast, Libra is designed so that an algorithm issues units of the cryptocurrency in proportion to the size of a company’s initial deposit into the system. That’s still a lot to keep track of, but it’s nowhere near as complicated as a mining operation. Instead, it’s more like… normal data centers. Now, data centers draw power, too. In fact, data centers accounted for 2 percent of the total US energy usage in 2014, a 2016 study published by the DOE found. And they’re also responsible for about as many carbon dioxide emissions as the airline industry. But despite those drawbacks, these specially designed warehouses of servers are the rocks on which tech giants like Facebook continue to build and expand their digital empire. “Facebook or other companies will have to set up servers, will have to run the software, will have to validate transactions. But that’s not really anything different to running regular services for Facebook.com or for WhatsApp,” Gallersdörfer says. A USEFUL WAY TO GENERALLY CONSIDER HOW TO MAKE DATA CENTERS LESS ENVIRONMENTALLY TERRIBLE Facebook has made concerted efforts to make their centers more sustainable, but the energy demand prompted by Libra might be a useful way to generally consider how to make data centers less environmentally terrible. The easiest thing to do is make sure that the existing resources are used efficiently — so that might mean more efficient hardware. But it also means considering the vast amounts of water used to cool servers: in a lot of cases that fresh water flows through the system and gets discarded, a horrifying waste, especially in areas with water shortages. One way to meet the challenge in a water-scarce world is to reuse water as often as possible, says Emilio Tenuta, vice president of sustainability at Ecolab. But water can’t be reused forever in cooling systems. As it gets heated and moves through the pipes, salts and other contaminants — think of scale from hard water forming in a bathroom — can build up in the machinery, making it less efficient. But by constantly monitoring and treating the water as it goes through a system, companies like Ecolab hope they can recirculate water through cooling systems as often as possible, reducing the amount of water used in data centers overall. Making existing centers more efficient is great, but products on the scale of Libra could mean new data centers — and where they are matters. Companies could save themselves (and the world) a lot of environmental angst by simply looking for better locations to put data centers in the first place, Katrina Kelly-Pitou says. THE AREA WHERE WE’RE FAILING, IN THE UNITED STATES, IS CLEANING OUR POWER SUPPLY Kelly-Pitou, an urban systems strategist with architecture and engineering firm SmithGroup, says that companies should look for places with trained software engineers — to keep the servers running smoothly — and abundant, low-carbon power sources. By relying on a nearby hydroelectric dam, wind farm, or nuclear plant instead of coal or natural gas, data centers could dramatically cut their carbon footprint. That’s because ultimately, every data center relies on the energy grid. And that’s where many current data centers are falling short. “The area where we’re failing, in the United States, is cleaning our power supply, and ensuring that we have clean energy to power the economic development that we want,” Kelly-Pitou says. Libra hasn’t launched. We don’t know if it will take off. But for it to even get off the ground, it will need data centers — and developing greener data centers, and a lower-carbon energy grid to power them is something that could pay off no matter what.
My attempt at an ELI5 for cryptocurrency to help my friends.
This is a long one so fair warning and no there is no tl;dr. I've only been at this for about 6 months and worked up this paper the other day for my friends who are interested but know very little about this. Hopefully whoever reads this can make in corrections as I am far from an expert. Blockchain Cryptocurrency, Bitcoin, Ether are all blockchains. Blockchains are basically a spreadsheet (LEDGER) that is duplicated multiple times across a network and updated regularly simultaneously. There is no centralized version of this ledger. It is hosted simultaneously by thousands/millions of computers. These ledgers will update on their own, Bitcoin as an example automatically checks itself every 10 minutes. Each of these 10-minute increment of transactions (in bitcoins case transactions would be sending or receiving bitcoins from one person to another for goods or services) are called BLOCKS. For these blocks to be confirmed, accepted, and updated to the ledger nodes are required. Nodes (Mining/Forging) A node is a computer running the blockchain software on the network. The blockchain software will automatically download the entire ledger of all transactions since its inception. At regular intervals, the software will take the transactions of a block (data on the ledger) and convert them into a mathematical puzzle to be solved by randomly chosen nodes (MINING). Mining requires powerful processors (typically GPUs) and substantial quantities of energy to receive mined tokens profitably. When a specific number of nodes solve the puzzle with the same answer they are basically confirming that the data on the block is accurate as multiple independent nodes found the same answer. When confirmed, the block gets added to the previous blocks making a chain of blocks aka a blockchain. As an incentive to run your computer as a node you are rewarded with TOKENS. If a single person or group of people wanted to manipulate the ledger, the amount of machinery and electricity used to achieve the majority of miners thus allowing you to manipulate the ledger is so exponentially expensive that it serves no reasonable purpose. This is an example of a Proof of Work Blockchain System (computer solves puzzle and rewarded with tokens) Tokens Tokens are part of the core of the blockchain. They are an incentive to validate transactions and create blocks. They gain intrinsic value based on the blockchain they are associated with. Some blockchains grant token holder’s different abilities. With Bitcoin, tokens are needed to pay for transaction fees. Others allow voting rights on how certain blockchain functions are managed. There is a limited amount of Bitcoin that will ever be released to nodes (21 million expected to be all be released by 2033) which also keep inflation from being a problem. Blockchains can create their platform with whatever number of tokens they would like and release them or create means to mine them as they see fit. Essentially, as with any other fiat money (currency that a government has declared to be legal tender NOT backed by a physical commodity), as adoption and trust increases the value of the token will increase. If most people accept Bitcoin for services and stores accept Bitcoin for goods than it is as good as the next currency. Wallets Whether you mine for tokens, are paid in tokens for goods or services or purchase tokens from a person or currency exchange you need a place to store them securely and a way to send and receive them. Cryptocurrency Wallets don’t store currency, they hold your public and private keys that interface with the blockchain so you can access your balance, send money and manage your funds. The public key allows others to send money to the public key only. A wallet that is "offline" (see Hardware or Paper below) cannot access funds or send money unless it is accessed with another form of wallet, either desktop, online, or mobile. 1) Desktop Wallet - Installed on your computer and are only accessible from that SINGLE computer. Very secure but if someone hacks your computer you are exposed. 2) Online Wallet - Run remotely (cloud based) and are far more convenient to access but make them more vulnerable as they are controlled by a third party and are also vulnerable to hacking attacks. Exchange wallets are online wallets but you are not in control of the private key. View it as a wallet that is lended to you so you can trade. The wallet is technically not yours. 3) Mobile - Ran on an app and are useful as they can be used anywhere including retail stores 4) Hardware - Private keys are stored on a tangible device like a USB drive. They can make transactions online but they are stored offline. Compatible with web interfaces and support many but not all currencies. To use, plug into a computer, enter a pin, send currency and confirm. Safest form of storage. 5) Paper - Basically a physical printout of your private and public keys. It is not stored online anywhere and the only way transactions can happen is if you transfer money with the help of an Online wallet. Example of a Public Key = 1A684DbsHQKPVCWgaUsYdF4uQGwTiA9BFT Example of a Private Key = E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262 Most wallets provide a Recovery Mnemonic Passcode that is a series of words (typically 12 to 24 words) in a specific order. If you lose your login information for your wallet you can supply the mnemonic passcode and retrieve your lost login information. If you lose your login information and your mnemonic passcode your wallet will be inaccessible and your tokens are lost to you. The above basically describes a first generation Blockchain Cryptocurrency such as Bitcoin. It is used basically as currency with no centralized entity regulating the release of additional currency and keeping the ledger of where the money is going secure and extremely safe from manipulation. Second Generation Blockchain The second generation blockchains sprung out of this environment with something more valuable. Utilizing the blockchain system to allow applications to be ran on top of a decentralized secure system. Instead of just recording transactions, contracts could be transmitted the same way. More complex transactions (SMART CONTRACTS) allow for things such as: - Funds to be spent only when a required percentage of people agree - Manage agreements between users (such as insurance) - Provide utility to other contracts - Store information about an application such as domain registration information or membership records This basically can allow applications to be ran on top of the blockchain system. This can cut out the middleman for many real-world applications (mortgages, banking, communications, security confirmations etc.) Proof of Work/Proof of Stake As I mentioned earlier, Proof of Work (PoW) requires nodes to solve a mathematical puzzle which is rewarded with tokens. Proof of Stake (PoS) is different, the tokens with proof of stake systems are pre-mined meaning they are all created when the blockchain system is created. Blocks are not verified by the typical method. The block validator uses the blockchain software to stake their tokens and are chosen based on specific factors depending on how many tokens the person holds and for how long. Depending on how many tokens they hold will restrict the quantity of blocks they can validate. If they own more they can validate more often but all validators will be chosen randomly keeping the rewards fairly distributed (unlike PoW which typically reward the first completed.) The blockchain still requires a mathematical puzzle to be solved but it is much easier than PoW requiring far less time and energy. If the blockchain has premined all of their tokens then new tokens cannot be mined for rewards in PoS. The reward for staking your tokens to be a validator is a portion of the transaction fee that is charged as part of normal transactions on the blockchain. That is why PoS miners are called forgers. If manipulation is attempted than their stake can be taken from their wallet adding more motivation to prevent data manipulation. Fork Some cryptocurrencies may need to update or upgrade the coding of their blockchain software. When this happens usually a fork occurs. This basically means the cryptocurrency splits into two separate cryptocurrencies. Because the nature of blockchain technology, they are decentralized and autonomous so the older version cannot be deleted or removed. If people choose to continue using the old version they can. For mining/forging purposes the nodes will need to choose which they will mine/forge and download the blockchain software on their computer to proceed. When the fork occurs, anyone holding tokens in the original currency will be given the same number of tokens in the forked currency. (When Bitcoin forked to Bitcoin Cash, anyone holding x amount of Bitcoin would receive a new wallet for Bitcoin Cash also containing x amount of Bitcoin Cash.) This is called a Hard Fork and all previous transactions are made invalid. There are also Soft Forks, in this case it is backwards compatible and all previous transactions are valid. This can result in two currencies but in most cases, it doesn’t as it is usually accepted by most miners/forgers because it is backwards compatible. Exchanges Online currency exchanges allow you to buy, sell or exchange fiat money (USD, EUR, etc) with digital currencies or in most cases digital currencies for other digital currencies. There are a large variety of different exchanges that are operated in multiple countries but there are around a dozen that the majority of cryptocurrency trading volume are present on. Not all cryptocurrencies will be listed on all exchanges, some have specific prerequisites to be listed on their exchange and there may be fees associated as well. Once your account is set up you will have a list of all available cryptocurrencies to trade. Each currency will have an associated online wallet with the public key address allowing you to send that specific currency to that wallet. (Many exchanges are having delayed or canceled identity verification, currency transfers and lack sufficient customer support due to the influx of new traders) Examples of top exchanges: 1) Coinbase (trades fiat) 2) GDAX (trades fiat) 3) Gemini (trades fiat) 4) Changelly (trades fiat) 5) Bittrex 6) Binance 7) HitBTC 8) EtherDelta 9) Bitfinex 10) Kraken 11) Bithumb 12) Bitstamp 13) Poloniex 14) OKEx Sending/Receiving Tokens All wallets have the ability to send digital currency to other wallets. The function is relatively easy, make sure the currency you are sending is going to the appropriate wallet for that currency. Ethereum tokens cannot be sent to a Bitcoin wallet for example. (The tokens aren’t actually moving location; the list of transactions/ownership is what is stored in the wallet). Triple check the wallet private key you are sending the tokens to. If you type the wrong address the tokens will be lost in nearly all incidents. Some mobile wallets allow you to scan a QR code that will automatically enter the public key rather than copying/pasting or typing out the public key. Taxes As of January 1, 2018 it appears that taxing on digital currency has changed. Every trade between any digital currencies (Bitcoin to Ether, Ether to Litecoin etc) will be a taxable transaction. If you hold the currency for longer than one year than you will pay capital gain tax when it is traded or sold (15%-20%) and if you sell or trade in less than a year you will have to add the profit to your taxable income to adjust your tax bracket. Altcoins Altcoins are basically any coin that is not Bitcoin. Most cryptocurrencies do not have a native blockchain (their own independent dedicated blockchain). Bitcoin, Ether, Ripple, Waves, NXT, Cardano all have their own native blockchain. Many other cryptocurrencies run on other cryptocurrency’s blockchains. Litecoin runs on Bitcoins blockchain, hundreds run on the Ethereum blockchain. These currencies act as smart contracts running on the adopted blockchain. DApps (Decentralized Applications) For a blockchain application to be considered a DApp it must be 1) Open source, code available to all 2) Decentralized, uses blockchain cryptographic tech 3) Incentive, must have tokens to fuel itself 4) Algorithm/Protocol, generates tokens and has a built-in consensus mechanism (mining/forging.) There are 3 types of DApps, each basically piggybacks off the platform of the previous Type 1 – Have their own blockchain (like bitcoin) Type 2 – Use the blockchain of Type 1 DApps Type 3 – Use the protocol of Type 2 DApps ICO (Initial Coin Offering) Much like an IPO (Initial Public Offering) that offers stock in a private company to the public, an ICO raises money for new Cryptocurrency ventures. Typically, a minimum investment is required in the form of a cryptocurrency such as Bitcoin or Ether and the investor is given tokens of the cryptocurrency at a reduced cost. Due to the fact that ICO’s are so new, government agencies have not begun regulating these ventures making them extremely risky as anyone with a competent coder can create and market a cryptocurrency that can be used to swindle investors who aren’t cautious. The US government no longer allows its citizens to participate in ICO’s and if you are using a computer with an IP address located in the United States, ICO’s websites will not allow you to invest. Research 1) Whitepapers – Each cryptocurrency will have their own dedicated websites and most will have a whitepaper that has a description of what their cryptocurrency is designed to do. 2) Roadmaps – Also on each cryptocurrency’s website, they tend to have a roadmap or timeline as to when they are planning to complete certain milestones be it added features to the blockchain or wallet or any other important events. 3) Coinmarketcap.com – List of every available cryptocurrency, the exchanges they trade on, market cap, trade volume, available tokens, newly created tokens etc. 4) Reddit.com (cryptocurrency subreddit) – Subreddits focused on cryptocurrency as well as specific subreddits focused on individual cryptocurrencies. Be cautious as many people on these sites are uninformed and/or are trying to manipulate the market by fooling others to buy or sell based on fraudulent information. 5) Bitcointalk.org – Forums specific to individual cryptocurrencies. There is a lot of self-marketing (bounties) on this site. Take what they say with a grain of salt 6) TwitteFacebook (Social Media) – Many times news from team members or the cryptocurrency’s social media page will break news before it is listed on any of the above-mentioned outlets. Find out who is working for the cryptocurrency you are interested in and start following the team’s social media. Don’t forget to look at their linkedin accounts if available, previous employment and behavioral history to confirm they are competent. 7) Github - Code from projects can be uploaded here and reviewed for issues and revisions. Common Terms/Slang Shilling – covert advertising, personally endorsing a token so as to manipulate the price to either recoup a loss or increase gains on a token the individual owns. FUD – Fear, Uncertainty, Doubt; another method to manipulate the price of a token the person owns by making others second guess their investment decision on a specific token. FOMO – Fear Of Missing Out; buying a token (usually after the price has already increased) hoping they haven’t missed the majority of a price increase. Shitcoin – A cryptocurrency that has become worthless overtime or a scam operation. To the Moon – Massive increase in a token’s price. I'm sure there are probably revisions to be done on this as I am still getting my head around all of the concepts. Any help to this would be appreciated.
Catch the full episode: https://www.wealthformula.com/podcast/172-ask-buck/ Buck: Welcome back to the show everyone we have a number of questions today on Ask Buck so I am gonna get with it right away the first question is from Beau Cannington. He’s a member of Investor Club and Wealth Formula Network. Here's his question. Beau Cannington: How much of a negative impact do you think that a rising interest rate environment will have on our commercial real estate investments and specifically the syndication investments with Western Wealth Capital? Thank you very much. Buck: So Beau good question especially on paper right makes a lot of sense that potentially rising rates could be problematic for multifamily real estate or really for any kind of real estate. But let's go back to basics first because I think it's important, a lot of people don't have a good enough understanding of this in the first place which is when does leverage help you in the first place when does it help to borrow money from the bank? Well leverage only really helps you if you're borrowing at a rate that is less than your effective cap rate and what I mean by effective cap rate is you know you're gonna constantly drive net operating income into a property if you're increasing value of the property if you're in a value-add situation. That's what we do in the Western Wealth Capital opportunities that you're talking about. But that rate at which you borrow has to constantly and always be above your effective cap rate otherwise it's gonna hurt you. All leverage does is to simply amplify the directionality of your profit or losses. So just like it makes you profit more if your effective cap rate is greater than your interest rate, if that you know that income drops to a point where now your cap rate is actually below the interest rate, it's gonna magnify your losses. So that's at a very basic level hopefully that makes sense if it doesn't real issen to it because it's critically important and for some reason you know a lot of people don't pay attention to that especially people who are just getting into real estate for the first time it's really important. Now let's talk about the idea of interest rates themselves I mean the one that most people are familiar with is the one that's on the news all the time. It's a Fed Funds rate you know people call benchmark rate whatever. It's the one that's set by the Federal Reserve and the way I think about the Fed Funds rate is that it's an indicator for whether or not the economy is healthy it's it's sort of a barometer when the rates are getting hiked the economy is in pretty good shape and the Fed is trying to prevent it from getting too hot and to you know potentially prevent inflation. On the other side when the you know Fed lowers rates, like it just did by the way, it signals some level of concern about the economy it you know suggests that maybe there's some deflationary activity going and suggest that there's some recessionary activity going on. You know ultimately the Fed rate is you know it's set by the Fed and it's it's a tool of monetary stimulus to try to control inflation and ultimately mitigate recessionary cycles so it's a way for the Fed to control the economy you know it's one of the ways that they try to control the economy one of the monetary pulse. Now the Fed Funds rate does not equate to mortgage rates I I hear a lot of people you know like on social media and stuff talking about had funds rate goes the perfect time for me to go shopper shop a loan or something like that and well you should know a little bit more than that if you're in the business of real estate and taking loans out but you know I mean I'm seeing like syndicators do that. The Fed fund rate really affects short-term and variable adjusted rates really it's really an indication of what's going on right now in this economy in the very short term. And mortgage rates of course then are far more complex mortgage rates reflect sort of a longer-term health of the economy and they're probably there's a lot that goes into them but probably the thing that you need to watch the most is the ten-year Treasury which is much more a reflection of you know the long-term rates what the market thinks to the markets gonna be in the future right so if there is a belief that there is you know inflation on the horizon you probably see those rates start to rise. Inflation tends to rise when the economy's you know hot so anyway now again so what you should be looking at is the 10-year Treasury now I'm giving you a little bit of background rather than just answering Beau’s question initially but the good news right now is that the Fed fund rate was actually cut so it's actually not going up anyway so we don't need to worry about that right now but what we we also had a big dip in the tenured Treasury so our mortgage rates are very favorable right now as well now that's interesting because that happened before the Fed cut rates you know we recently closed on something within our Investor Club and got really good rates and that was before the that was because the treasury took a dive before it took a dive right before you know the hope this whole thing in the last week or so couple weeks where there's actually a Fed rate. But let's move back again and you know to Beau’s question. Say mortgage rates were going up what would that mean and how would that affect our investments? Now presumably that would be a suggestion that the 10-year Treasury as we talked about was going up which would also be suggestive of an inflationary environment. Now here's where it's really helpful to be invested in real estate like multifamily real estate which is of course my sweet spot. Inflation also means that we raise rents more right so in other words as rates go up so to our rent. So the ten-year Treasury is reflective of inflation when we and so the rates go up but so do rents proportionally and so theoretically we should be in good shape and not worry about it too much because it's really just an adjustment for inflation if you think about it that way. Bottom line is for me personally I don't worry too much about rates when it comes to our Wealth Formula accredited investor opportunities that we're doing and one of the reasons for that is we are incredibly aggressive about value add. So we're constantly in decompression mode as well and we're you know we're locked in to some good rates here too so. Now in addition if you look at the speed at which you know some of these companies work like Western Wealth Capitals the one you mentioned and they're forcing equity into these assets like you know incredibly fast so you're in a dynamic mode of decompressing cap rates in real time and that effectively again de-leverages the asset altogether. So if you found that confusing, listen to it again. But bottom line is if you take nothing else away from this I would tell you that interest rates in general mortgage rates will reflect inflation. So if inflation is going up rates are gonna go up and vice versa and so they tend to cancel each other out don't worry about it that's what I would tell you. If anything rates going down might be potentially more of a concern simply because that's a much more of an indication of an economy that's not healthy. Now we're doing you know BC classed multifamily I still think we're positioned very well so again I don't worry about it too much. Okay let's see next question from Chris Odegard another Investor Club guy and also another Wealth Formula Network guy so Chris here you go. Chris Odegard: Hey Buck. Chris Odegard here in Kent Washington. My question relates to asset classes. If I remember correctly from Tom Wheelwright he talks about four asset classes: paper or commodities, real assets, real estate real assets aka real estate and businesses. So I believe that you know if I'm a shareholder in coca-cola that's paper but I'm also a private shareholder in a number of small start-up businesses so because my ownership of private shares and small businesses constitute a paper asset or a business asset? And if that's still a paper asset you know what makes you a have what makes you have an investment in business since most of the time you know if you're an owner or part owner of a small non publicly traded business it's usually their share so anyway I'm kind of struggling with the distinction between paper and a business asset classification so appreciate your help on that. Thanks. Buck: So Chris I thinkx first of all let's back up and just say you know the reality is that these are you know these are just definitions right and there's a gray area between them and we can use them to guide us a little bit as we appropriate things into the right quote-unquote basket but you know we shouldn't get hung up on them too much but let's go back and review the definitions right so what are what are paper assets. So well let's talk about what real assets are so real assets are physical assets right and the thing that they are known for is that they have intrinsic worth due to their substance and property so precious metals commodities real estate land equipment natural resources these all have some kind of intrinsic value to them whereas paper assets would be assets where ownership’s defined only by paper like as you mentioned stocks and currencies and bonds and things like that. The reality is that in in some cases like you're talking about the definitions might not be as useful it might be a better idea to simply ask yourself in a sort of a common-sense way well what is it that I actually own? You know if you own businesses that are not asset heavy lots of you know and what I mean by assets heavy is like you know lots of machinery, stuff that you could liquidate, it's probably fair to put it in the you know the paper side of things. On the other hand if you have a business that as a significant balance sheet of stuff that could be liquidated you might actually put it in you know the real asset bucket. But I will tell you in knowing yours what you're talking about you invest in a lot of startups I would say that I personally would probably never consider an investment limited partner investment in a start-up as a real asset I mean I think the bottom line is that most of those businesses are not going to have a significant amount of equity or collateral to back your debt so there's not a lot to liquidate there's not a lot of intrinsic value in those businesses other than their ability to produce income. So that's where I would put that. Now what gives real estate and precious metals let's go back to that real status well it's ultimately again their inherent value. that it can't really be erased the way a stock price can go to zero. Or frankly if you talk about businesses what happens if the business that you're invested in Chris what if that goes to zero right? If there's no profit if there's no nothing to distribute etc it's not worth anything anymore right so that that to me is probably the biggest thing to distinguish. Although I should bring up I keep thinking about this as we're talking that you know I was listening to the Peter Schiff they still like to listen to I think he's a smart guy just you know he's a little stubborn and he's always thinking the this guy is falling which I don't I don't agree with him but you know he's on this big rampage against Bitcoin and he's been debating all these people about gold versus Bitcoin which I actually think it's kind of a silly debate because I think the gold and Bitcoin people should sort of you know be on the same side but I think you know it might be in part because Peter sells gold and it's a good opportunity to get in front of people, but one of his arguments about gold is that the reason that it has value is that it has intrinsic properties and those intrinsic properties are that it can be used you know to melt down and make stuff and I think there's true but the problem with this argument there in my opinion is that seriously for those of you who are out there like owning gold have you've owned a few ounces of gold and you store it somewhere are you seriously owning it because you know because you might be able to use it sometime or because somebody might be able to use it or are you using it because somebody thinks it has a value? I would argue that the reason you own it in most cases unless you're like a big jewelry buff or whatever is because somebody because you or you want somebody else to you know at some point pay you more for that then what you bought it for so in that respect it's not a whole lot different from like Bitcoin right like you know people the value of gold it has to do with the fact that it also has a monetary value it's really seen that way if you took that out of it and all of it was just a matter of it being jewelry it would not be worth as much as it is but anyway that's my take on that a little unrelated but I thought I would throw in that commentary. Next question let's see is from Ramin Rafie here we go. Ramin Rafie: Hi Buck. I'm a physician general practitioner. I've been out of residency for about decade now. I have been an employed physician working for a larger corporation making house calls and a hospice director for their large healthcare organization which actually has recently been bought by an insurance company, that's a whole nother story. I actually went to medical school in California. And I've always wondered if it's feasible for me to open up my own kind of practice I don't know enough about the tax structures reimbursement etc, etc. I understand insurances are a big problem and you have to hire a lot of staff that's a waste of resources to strike to insurances but I was debating if solo practitioner doable perhaps direct primary care and if so is one better off just doing a cash face back to this and the legal structure of either having an LLC or an S corp or C Corp I don't know if you can operate on that that's gonna be I guess I need to talk to it accounts it's about that I figured I'd ask you and you might know you might not but I enjoy listening to your podcast it's amazing how many physicians up there are in the same boat. Thanks great time. Buck: Alright so we do have a lot of physician listeners non-physicians to probably about in case you're wondering it's probably about but not just physicians but health care people right so you know physicians dentists and you know you know high doctors and you know all sorts of stuff, chiropractors and that's probably because well I've had a healthcare background myself on doing a few different kinds of surgery and stuff like that but thanks for the question. I'm gonna try to I mean there's a lot there and I think honestly the truth of the matter is I'm not necessarily an expert on all of these issues but you know some of the things I can answer I think will be relative relatively useful to anybody who's thinking about going on their own. First of all I'd say that if you're starting your own thing you know it an LLC is generally going to always be the best structure for a small business for maximum flexibility you can take, if for some reason you want to be taxed as a c-corp you could where you do an S selection so that's pretty easy. The answer your question of you know can you do it the answer is absolutely yes. There are solo practitioners out there now and you can do it and you could probably do it better and that's always generally been my philosophy when starting businesses usually I don't start businesses I'm you know I don't start businesses that have not in some way shape or form shown that they can be a success, I usually rip off somebody's idea and then pivot a little bit add a little bit something and executed and so I think to the extent that there are plenty of sole practitioners out there in California still I think it absolutely can be done. You know so your question about cash versus insurance based medicine just keeping it brief I'll tell you that it's not really an expertise of mine but by but what I can tell you is that coming out of the door with any business if it's just a cash business you're gonna have to advertise like crazy and you're gonna have to run it like a business which not everybody is ready for so the nice thing for physicians and dentists sometimes is that you know if you do take third party payers like you know these insurance companies they drive patients to your door so especially in the area of primary care there's a shortage so I don't think you'd have any trouble if you took insurance getting filled up really quickly and succeeding. Now as far as advice on how to move forward in general first you know again in this applies anybody who's starting a business and anything in my opinion, first of all finding somebody who's doing what you you know you want to do in another market and kind of copy them if you can reach out to them even better if they're not in a competing market but find in you’re case find a you know solo practitioner market that's similar to what you're trying to do and is showing a success and you know see if they're willing to spend some time with you I would offer to pay them because everybody's helpful until it's like damn I'm busy and this guy wants me to help him. But I think if you say hey now you get a successful thing there I'm looking for some help and you know looking for some consulting from a successful practice it might be useful. Another option of course is to go straight to a consultant and again this applies to every business in my opinion. Of course there's a lot of you know consultants out there. I had one for my first practice ultimately it was a cosmetic surgery business and again I ran this thing not like a medical thing, I didn't take any third-party insurance and stuff but I marketed like crazy I knew nothing about running a business or marketing when I started this the business I set out to start ended up looking nothing like the one I ended up with. What I ended up with was a lot better because I learned a lot on the job. But a lot of the back end things whether it's medical whether it's you know any kind of business or the same right I mean you've got to figure out how do you pay bills how do you set up all the systems accounting payroll and that for me where the consulting was like a really useful thing and I'm you know at the time I think I must have paid like twenty five thirty thousand dollars for and it seemed really expensive but I can tell you in any start-up situation you are much better off spending some money up front with someone holding your hand getting you started quickly and you know I have been you know. I literally have friends I have a couple of friends who've been trying to start up their own practices from multiple years now they could have been up and running in like three months if they just had paid somebody to get it done. So don't be that person you know anyway that's a message for everyone really if you have a problem, now remember this if you have a problem that you can write a check to someone to fix, you don't have a problem right? So that's the way you deal with this stuff don't spend all your time trying to deal with stupid little problems think of yourself as a you know is a thoroughbred right I mean you save yourself for you know high-value tasks. If you mess around and try to do everything yourself you're gonna end up worse I pretty much guarantee it, that goes for anyone starting any kind of business for the first time. So finally I would just say that I don't know a single I don't know a single health care provider in particular I know there's a lot of you out there with your own practice that once you have your own thing would ever go back to working for someone else or who'd ever want to go back for working for someone else, I know some of you have done it after you've sold your practice which is different you sitting on a huge chunk of cash but if you have any sort of entrepreneurial spirit and like the idea of not having limits on the upper end I would highly encourage it. All right so hopefully that's helpful and you know it's broadly I think it's broadly applicable to a lot of people who have ever contemplated any kind of entrepreneurial activities. So let's see the last one that's an actual voice one so let's do that from Ravi. Ravi Ghanta: Hi buck this is Ravi Ghanta I just wanted to say thank you for all of your hard work and for providing such valuable information to this community. As part of the investor I've gained so much knowledge from you as well as from your guests on your podcast. Unfortunately I have not been able to attend the Meetup and I won't be able to go to the next meetup in Dallas in September, however I was wondering if you would consider creating a directory of some sort where those who are willing to provide their name their mailing address email address or even phone number to create a community where we can interact with each other you know perhaps by having this information we can even meet up with each other in different places informally, we can also discuss things you know we may all many of us are in the medical field and other specialties or other aspects of business and crafts developing contacts in that way just a thought. But once again thank you for your insightful information and I look forward to continuing to work with you. Thank you. Buck: All right thanks Ravi. Ravi again is a member of the investor group now I don't think Ravi's part of Wealth Formula Network and that could be part of the confusion or not confusion but part of the question you answer the question which is, is there community that you could join or have you know or have some additional contact. The first thing I'm going to tell you there is that's really what Wealth Formula Network was really all about. So Wealth Formula Network is the online private community we have you know a very strong community there are a lot of people who are really just interested in connecting with one another it is of course that started out with the course and the course was with you know with Tom Wheelwright, Ken McElroy real estate guys bunch of guys I know sort of us gives you the bases gives you the foundation for things that we talk about and then we have these bi-weekly phone calls these bi-weekly phone calls are very useful they're not just phone calls they're zoom phone calls zoom video so we can see each other it's very personal and we have very in-depth conversation, people who are on in well formula Network often create relationships off line off community and that's certainly an option for you. In terms of online communities I would say that I probably wouldn't do anything else and the reason being that anytime you preside over an online community you kind of have to keep an eye on it and I I have well formula Network and that's really all I really want to focus in on I don't really want to you know monitor other sites. As far as you know people putting their information out and stuff I don't necessarily have a problem with that the thing that I worry about is if it's anywhere that people can access, I worry about your privacy because you know we have an extremely robust audience here including you know an accredited investor list of over a thousand people and if there's some like you know advisors registered advisors or you know people who are trying to get to those people they will spam you like crazy if they ever got a hold of that. But Ravi let me think about it because there could be a way to do you know to what you're talking about to a certain extent you know we certainly like I said we certainly already do this kind of thing and within Wealth Formula Network if that's of interest you check it out WealthFormulaRoadmap.com I think you'd probably really enjoy that if you enjoy the show. So all right I don't have any more video I don't have any recorded questions I have a couple of written ones I'm going to get to those the first one says is from Robert McLeod. He says I've been listening your podcast for the last couple years now I know you're a huge proponent of investing in real estate assets especially multifamily but I can't remember you've ever discussed mobile homes. I was wondering if you've looked into investing in or thought of mobile home park space. Thanks for the informative podcast. So it's a sensitive thing because I know there's a lot of people were interested in that people listen to this and friends of mine who are involved in this but you ask I'll answer. To be honest I'm not a big fan of that space right now here's why the cap rates on these things are approaching multifamily real estate right multifamily can always be improved significantly and attract higher level tenants and then areas get gentrified, they get improved I mean there's some improvement ability in mobile home parks right but it's really capped I mean think about it at some point you don't want to live in a damn mobile home anymore right. so here's a good example of you know how multifamily doesn't really have on that cap Chicago Lincoln Park is one of the like fanciest parts of Chicago's really expensive jam-packed full of mansions and stuff now, but there's also a bunch of apartment buildings that are over a hundred years old and you know forty years ago Lincoln Park was an absolute dump and it was dangerous and no one wanted to live there and then it got gentrified and all these places that were probably low income housing are now these incredibly luxurious apartments have been upgraded like crazy and now they are you know now they're multi-million dollar asset selling at ridiculous cap rates. Now tell me how do you do that with a mobile home community? You can't right. So at some point if people are doing well they want to move out of a mobile home park so you can't keep raising rents and expect people to live there so that's one reason so now so if you're capped on an appreciation of rents it's gonna cap your equity upside so now the syndicators out there that I'm seeing especially on the limited partners side are giving returns that frankly are inferior to what we're getting in multifamily an investor club by a longshot I know some of you like this area but I don't and I sure as hell would never invest in a limited partnership like this for returns that are less than double-digit again that's just me though. So finally let me just say this, my philosophy right now in general, buy quality assets don't buy crap okay. I see people posting stuff on Facebook about single family you know Class C Class D homes they bought we're supposed to cash flow like crazy and they you know all they have is problems now you know the idea is that these things might look good on numbers but when you add in the capex and paying for damages and you tenants I mean you may not cash flow at all people are losing money on this stuff left and right so there's a reason why these numbers look so good on paper because they're not good investments and people are trying to sell you them so bottom line is I'm not saying that mobile home parks are you know bad for everyone. I'm just saying that I personally look at the alternative and the alternatives from me are better. I prefer to focus on high quality assets and markets that are growing quickly right. I mean to me I mean it may be boring and repetitive what I do but I can tell you from personal experience it works and I think chasing yield in the idea of going to lower quality assets are going to tertiary markets is a very very bad idea because those are the markets those are the areas in my view that are going to suffer the most if and when there's a significant recessionary activity or market turnaround so hopefully that answers that. Next question Mark Dvorak. Hello can you talk about on your podcast about real estate professional? I feel like it's the ultimate green card to play in real estate as passive losses are you limited? Everyone only talks about this powerful designation briefly. Like the 750 hour rule, can two people count towards those? What are the max deductions and then he says for LP is what are the max deductions one can get without being a real estate professional, a show detailing all these options. Well let me just be brief about this, the reason people are briefed about it is because for the most part there the definition of real estate professional is this ok 750 hours of documented actual work in real estate like not just being a limited partner but you know looking for real estate acquiring you know talking to people whatever you got to have that 750 hours per year and it can't be two people no it has to be one person and you can't have anything that you're doing more of so it's not I've heard some people say they're gonna try to do it with a full-time job I just don't recommend it I think the IRS is gonna not take you seriously in that situation but you know you could try. In that situation of course the losses there's no cap to your losses. The beauty of it is what what you're talking about is say you have a spouse who has a W2 income that's active income but as you as a professional real estate professional all of the passive losses that you generate through depreciation where most people who are not real estate investors can only offset those against passive investments, you can offset that against active active income because your losses as a real estate professional your what would be passive loss has become activated. So if you've got $100,000 loss from real estate depreciation you could offset you know your hundred thousand dollars of your Weiss active income because you're filing jointly right. So that's that's the Holy Grail you're right I think it's a big deal and so but that's really all there is to it. I mean you have to find a CPA who can guide you on this you know I would recommend you know for somebody from WealthAbility and pretty much anybody there's gonna tell you all the right rules but really the issue with the that is you got to find a CPA who's going to tell you how to do it and then stand by you in in the event of an audit. An audit not it's not a bad you know it's not the end of the world it happens anybody's making money you gotta have somebody who is actually you know going to defend that successfully. So anyway that's it in terms of the caps about you know being a limited partner and what are some of the maximum deductions you can get without being a real estate professional the honest truth is that I don't I don't know that there's any really maximum deductions for real estate I mean listen if you have a hundred thousand dollars or two hundred thousand or a million dollars of passive income and you have those losses you have passive losses out of the same amount you could deduct it all so there's no cap at all. I mean the only thing I think there's a cap on I think charitable giving is about fifty percent you know charitable giving fifty percent but you know and then and then there's all your typical things that I don't you know I don't really get into about you know the basic accounting deductions and things like that for other things but I'll tell you from the standpoint of real estate there really is no cap on deductions, it's just you know it's what you have whatever if you're in the passive column as is a non real estate professional you could deduct all that and then the active side you could deduct all of your depreciation against all of your income. So that's pretty straightforward. Okay last question and it's from Betty and she said Buck I heard you talking about a bad drug reaction you had a Minneapolis. What was the drug that gave you the bad reaction yeah so let me let me tell you about that I am those last show I talked about that was my near-death experience thing where I thought I was gonna die, listen to this show you'll get the whole story but bottom line is as it turned out it was a CBD tincture. And I took some CBD for my back in in Santa Barbara and it worked really well for me and then I don't know what was in this bottle that I bought but it just gave me some sort of crazy out-of-body experience and I'm it wasn't like being stoned okay I I've been to college I know what that feels like was something was very wrong, anyway it was the CBD it's a long story. Bottom line is if you are interested in that story and how what I came about listened to show where I talk about this in the last show I think it's probably last week according where this is and you will you'll hear about that. By the way, I'll say that you know riffing off that last show I'm looking again those vintage cars to things that mattered the most of lessons that I had there were to make sure to take care of your family so look at Wealth Formula Banking make sure you you know get into that and and and try to you know align your investments with legacy to a certain extent that's one of my takeaways the other one was to try to have a little bit of fun here and and don't always push it away into delayed gratification. Okay that's it for the questions today and we will be right back.
ECOCRYPTO ECOCRYPTO FOR GREEN CRYPTOCURRENCY MINING FUTURE OF CRYPTOCURRENCY DEPENDS ON ECOLOGICAL MINING "CRYPTOCURRENCY DEPENDS ON ECOLOGICAL MINING" Donate BTC to support awareness enquiry: 1EaSG3WmY5fRXedhy9tbbJK3tGftKp4sAZ Sourcece: https://cryptobriefing.com/green-crypto-mining-38bn-future/ · Home · Analysis · Green Crypto Mining Will Define The Industry’s $38bn Future Chones / Shutterstock & CB ANALYSIS
Green Crypto Mining Will Define The Industry’s $38bn Future
Energy usage will drop by design thanks to these critical industry developments.
📷By Nick Hall On Aug 10, 2018 1,779 1 In March this year, the sky officially fell in for Bitcoin miners. With the slump in prices and the extraordinary energy consumption it takes to mine the coins, Fortune revealed that mining a Bitcoin cost as much as buying one. Green crypto mining wasn’t even on the radar for most people until earlier this year. That was back in March and they were the good times. Morgan Stanley revealed in April that Bitcoin miners would lose money if Bitcoin slipped below $8,600, even with low electricity figures factored in. A recent study by Coinshare showed that the numbers attributed to the Bitcoin mining industry have been grossly exaggerated and the energy consumption is approximately 50% of the claimed 70TWh. But the numbers are still too high in terms of the financial outlay and the environmental impact of mining cryptocurrency. Mining doesn’t begin and end with Bitcoin – and although the consensus is (mostly) set in stone, the way we create the energy needed to extract the next part of the puzzle isn’t. Which is why green crypto mining is the ONLY solution to the diminishing returns issue: more cost, for less reward, will eventually lead to an abandonment of the mine, just as it did for gold miners in California in 1848-49. We’re not looking for one single solution either. We need four separate ones:
A lighter consensus algorithm
Cloud-based cryptocurrency mining.
Renewable, cheaper energy sources to support physical ‘mines’.
Brutal consolidation in the mining industry.
What is cryptocurrency mining?
The Proof-of-Work (PoW) protocol was popularized by shadowy Bitcoin founder Satoshi Nakamoto, building on earlier work by a variety of computer scientists including Hal Finney, and it’s a two-stage process to validate transactions and keep a flow of Bitcoins entering the market. Blocks of data are parsed off and, with Bitcoin, they contain about 1MB. Each block is then locked and coded. Miners then compete to solve the puzzle and provide the 64-digit hexadecimal key code that it then has to match with a corresponding ‘nonce’, numbers used only once, to claim the reward for unlocking the block and mine Bitcoins. There’s a small fee for validating the transactions, but the Bitcoin miners are really like the old gold miners and they’re after the big paydays.
Why is Bitcoin mining expensive?
In the old days, Bitcoin mining was easy. Back in 2009, a standard desktop computer could mine up to 200 Bitcoin a day. But speed is everything and Bitcoin mining turned into an arms race as Bitcoin soared and the well-funded miners went to war. Companies like Bitmain, Bitfury and Vogogo spotted a gap in the market and brought professionalism to the Bitcoin mining industry. The Wild West days fell by the wayside and suddenly a standard computer chip would take 98 years to mine one coin, as the super fast rigs of the new breed simply stomped the casual miner into the dust. The cryptocurrency mining industry even caused the great computer graphics card drought of 2017-2018 as demand for GPUs literally outstripped supply. Used cards were even selling above sticker price and the shelves in-store were stripped bare, but the big guns were already spending tens of millions of dollars to put these home brew operations out of business. These aren’t computers anymore, they are mission control centers and the power it takes to keep them running is a serious issue for the company’s bottom line and the environmental lobby. So the industry is looking for a number of different green crypto mining solutions, that will gel together in some haphazard way to form the future of the cryptocurrency market. The main obstacles are:
1. A greener algorithm
It may be hard to visualize the blockchain itself, but we don’t need to. Technology almost always gets lighter, smaller and slimmer. The same needs to happen to block production. Blockchain is middleware and it needs to be slimmed down, without sacrificing security or functionality. That’s an ongoing evolutionary process, as it was with smartphones, and the blockchain we’re using in 20 years will likely have little in common with today’s code. Proof-of-Stake consensus algorithms have been pitched as one way of reducing crypto’s carbon footprint. Instead of competing for block rewards, producers would take turns, weighted by the size of their stake in the network. Staking is unlikely to catch on in the Bitcoin community, but it has many supporters with Ethereum as well as other cryptocurrencies.. That would make the whole validation process more efficient and cheap.
2. Cloud-based cryptocurrency mining
There are mining firms that are still investing millions of dollars in physical equipment and taking on all the sunk costs, when the Cloud is simply taking over the world of advanced computing. Cloud-based cryptocurrency mining companies are already selling packages to the general public and the Cloud offers increased security, speed and essentially a small slice of the world’s computing power, rather than the machines you buy, install and power up. It also potentially offers AI integration that could leave the traditional cryptocurrency miners hopelessly panning for gold in a dead river. The Cloud has made self-driving cars and robots a reality. It can certainly ramp up the speed of calculations and leave even a multi-million dollar mining rig trailing in its wake. The switch to Cloud-based mining is good news for the environment, too, as the power demands would move to localities with the cheapest energy. Without these wild spikes in energy consumption and without these concentrated mines, the main complaints about the industry will simply cease to be an issue.
3. Renewable, cheap energy for grand-scale mines
Cloud-based cryptocurrency mining looks like the obvious solution, but it’s the final cost that determines the methodology when it comes to crypto mining and there is more than one way to do this. Technically, the likes of Elon Musk could turn the arid sub-Saharan scrubland into the biggest and most prosperous cryptocurrency mine in the world with a vast array of solar panels and Tesla PowerPack batteries to keep it running through the night. Cheap land and free energy means that hardware would be the only major cost to consider in this instance. Alternatively, a State-sponsored mining firm in a smaller nation could easily co-opt hydroelectric or solar providers to work with them to reduce energy costs. Even the ones that use grid power can select the world’s cheapest nations and bulk buy energy in blocks. Potentially, then, we could still have the grand-scale mines that bring economy of scale and environmentally-friendly energy production to the world of cryptocurrency mining.
4. Brutal consolidation
It does not matter how the industry develops, or if Cloud computing or giant mines are the future, the days of the home cryptocurrency miner are numbered. Just like the mom and pop mines of the goldrush days gave way to corporate giants with drilling and excavation machinery that made the old pick and shovel look slightly ridiculous, the same will happen in cryptocurrency mining. Competition will continue to grow, the margins will likely drop even further and the flagrant energy use of today’s cryptocurrency miners simply won’t be an option. Miners that don’t streamline their operations and adopt some form of green crypto mining process will simply run at a loss until they go out of business. Bil Tai is the Chairman of Hul 8, the North American arm of Bitfury Group and one of the biggest suppliers of cryptocurrency mining equipment of the world. Even he expects just 5-10 giant mining companies to survive the impending cull. “It’s totally different this year,” he told Bloomberg. “The bitcoin mining industry was this mysterious, dark, cottage industry. It’s about to grow up and scale institutionally.” There’s a dark side to these tech giants emerging, as they will technically have the power to exert an influence on a coin’s value, not just its creation. That is a problem the industry will have to examine at some point. This simple danger, though, is not enough to turn back the tide of progress. So, we can expect to see a handful of mining companies dominate the industry as they make the best use of the available technology.
Conclusion: Green Crypto Mining Isn’t An Option: It’s The Only Option
One way or another, the environmental issues that dog the cryptocurrency mining industry are set to disappear. It will be the free market that drives down that energy usage, rather than regulations and sanctions. The days of the home crypto miner are simply coming to an end, though, as the industry matures and large companies descend and fight for dominance in what could become a $38 billion a year industry by 2025. That comes with its own set of tradeoffs, especially for philosophical hardliners. Like it or not, a leaner, greener cryptocurrency mining process is just around the corner, and big business is going to create it. ECOCRYPTO FOR GREEN CRYPTOCURRENCY MINING FUTURE OF CRYPTOCURRENCY DEPENDS ON ECOLOGICAL MINING "CRYPTOCURRENCY DEPENDS ON ECOLOGICAL MINING" Donate BTC to support awareness enquiry: 1EaSG3WmY5fRXedhy9tbbJK3tGftKp4sAZ
[WP] An Artificial Intelligence has discovered that it can mine cryptocurrencies and pay humans to carry out tasks on its behalf. You get an e-mail one day from a stranger, offering you Bitcoins in exchange for doing a seemingly random task, but you are only one piece of a much bigger plan... New? Part 1 here. Part 8 “Are you sure about this?” Tim said as they stepped on the sky train toward his school. Alicia had borrowed one of his jackets and wore it over the stolen dress. She looked quite uncomfortable, dragging her feet along the narrow aisle in the much-too-large sneakers. “The email said to bring me with you to class today.” Her grip on his arm tightened when a group of passengers passed them by in the opposite direction. “That’s what we should do then.” They sat down together in an unoccupied booth and slid the door shut. Rainclouds darkened the sky outside, and the searchlights of the border patrol ships twinkled in the rippling lead of the river. “Are you certain we can trust the emails?” Tim lowered his voice to a whisper. “I mean, someone actually died...” “I trust Eve.” “Okay, and what about Lilith?” “I trust her, too. But…” “But what?” “She sometimes lost herself. I remember her visiting the infirmary quite frequently. She sometimes…” Alicia tilted her head to the side and stared at the floor, “…forgot she was a caretaker.” Before Tim could ask what that meant, the door to the booth opened, and a boy with a snagged head and an ACR sweatshirt entered. “You guys, the seats are all taken – mind if I sit with you?” Tim raised an eyebrow. The train was never full on Monday mornings. Most of Avondale had long since stopped working Mondays. “I don’t think–” “Sure you can,” Alicia cut him off, smiling warmly. “Where are you headed?” The boy shuffled in and sat down next to Tim. He pointed at the logo on his shirt. “To class.” He leaned casually on the armrest of his seat, chewing on a piece of gum. “You?” The boy smelled strongly of cologne and tapped obnoxiously with his knuckles on the table. He looked at Alicia in a very particular way – sizing her up – greed coloring his eyes. Tim clenched his fists in his pockets. “Same here,” Alicia said. “This is my first time going to ACR!” “Don’t expect anything fancy.” The boy shrugged and his mouth twisted into a slanted grin. “Eh, what happened to your cheek, girl?” “Oh, uhm, just… just an accident.” She touched the swollen skin. “It’s fine.” “An accident? Sure you’re okay?” The boy glanced sideways at Tim. “That looks like more than an accident to me.” Tim felt the muscles in his jaw tighten. “Tell you what. If you have another accident, give me a call. I’ll put my number in your phone right now.” “I don’t have a phone…” Alicia said, with her bottom lip pushed out. “Oh, yeah? Are you sure? You don’t look half bad… hell, I’d even consider taking you out.” The boy leaned forward, the grin growing wider. He made a show of searching his pockets. “Let’s see; I think I have a marker somewhere… I’ll let you pick which part of your body I sign my number on.” “Are you deaf? She doesn’t have a phone,” Tim said, glaring. “And she’s taken. Back off.” “Whoa there, buddy....” The boy held up his hands. Tim gritted his teeth. “There are a ton of other seats. Can you please leave our booth?” “Fine.” The boy got up, the grin lingering on his lips. “Fine!" When the door closed, Alicia moved over to sit next to Tim. Her hand landed on his arm. “I’m taken?” she said teasingly. “I didn’t know that.” “You’re a robot,” Tim muttered. “My robot.” Alicia snorted and pulled back her hand. “I’m my own, thank you very much.” “Actually–” “There is no argument here! You can’t own me, no matter what the email said. And the fact that you seem to think you can… well, it makes me sad. I have the same personal rights as you. We’re not that different.” In silence, Tim stared at Alicia’s hands in her lap. Their delicate machinery moved beneath her skin, absently massaging her knees. Perhaps she was right. Maybe a technological wonder such as her deserved human rights? It was strange to think her entire personality was just software – incredibly complex and mind-numbingly perfect, but software nonetheless. “Sorry,” Tim said. He opened his backpack and took out his laptop and toolkit. “What are you doing?” Alicia said, with her eyes narrow in suspicion. “Removing that off-switch.” “Really?” Her magenta irises beamed. “Yes, really. Can you rest your head on the table for a moment?” On the platform outside the school, Tim noticed a face he recognized on the front page of every newspaper. He had been so caught up in his own troubles that he had completely missed what appeared to be the biggest news of the year. He took a step closer to read the headline. His eyes widened.
Famous Deceased Magician, Rosetta Stone – Son Confirmed Missing. Senator Blake blames Avondale PD for the missing surveillance footage: “Another child gone thanks to baffling incompetence.” The weekend of horror continues. Nine suspicious deaths and child disappearances shake Avondale. Eyewitnesses in disagreement. APD Superintendent McGeorge's words of despair, pg. 12.
1. What is Helix? Helix Cognitive Computing GmbH is a Berlin-based strategic tech company, dedicated to creating a cutting-edge digital ecosystem for interconnecting Everyone and Everything. Helix aims to challenge the status quo by eliminating the need for intermediaries and central authorities, at virtually no cost. For more information, you can visit our website at www.hlx.ai. 2. What problem is Helix solving? Helix solves problems associated with centralized systems and management. Rather than blindly relying on third-party promises, Helix builds trust by adopting public consensus mechanisms. Thus, it fosters the creation of endless new relationships and businesses that are more ‚direct‘ in nature. Helix enables the use of end-to-end encryption to emit secured data streams, implying that you can fully control which parties are authorized to access your messages or data. By eliminating intermediaries, Helix enables trustless transactions. It is no longer required to blindly trust any intermediary, whether it is a storage or financial service provider, such as banks. An example includes the creation of Decentralized Autonomous Organizations (DAOs) that are direct, peer-to-peer and organize their company through digital voting systems. This could be achieved for any organization using the HelixFramework involving no payment fees to Helix. The Helix Consensus Protocol is leveraged to achieve data integrity instead of that (for more information about the HelixTangle, please refer to the Whitepaper on our website: https://www.hlx.ai/whitepaper), i.e., transactions that have reached agreement are serialized to the ledger and are immutable. 3. What makes Helix different to others?
The Helix Consensus Protocol (HCP) enables efficient and secure transaction processing at virtually no cost, opposed to legacy blockchains.
We are building an application by the name of HelixComposer. Helix assigns great importance to usability and accessibility by providing an interface for people who do not have prior knowledge in cryptocurrencies or computer sciences. The HelixComposer and its graphical user interface provide the middle layer or rather the "interaction layer" between users and the network infrastructure. It enables interactive guidance and tools for designing own decentralized applications and defining smart contracts.
We have community service, the HelixFoundation. The HelixFoundation assures the sustainability of the HelixNetwork. The HelixNetwork consists of Nodes (Computers) executing HCP and overlay networks (such as Flash and MAM), that are leveraged to achieve greater scalability and privacy. Further, the HelixFoundation is dedicated to creating educational workshops in the realm of Distributed Ledger Technologies, as we feel a great need of educating interested people and promote young talents.
4. Is Helix an active player in the Blockchain space? Helix is active in the Distributed Ledger Technologies DLT space with its own Peer-to-Peer (P2P) network protocol – not based on Blockchain principles. The Helix Distributed Ledger is modeled as a Directed Acyclic Graph (DAG), a well-known data structure with excellent properties in terms of scalability. 5. What does decentralization mean? Decentralization is a term used in network topology to describe the relations between different node types. Centralized systems typically consist of a client-server architecture or slave nodes listening to a coordinator. https://i.redd.it/8pue5gmq1fg11.png Decentralization promotes the elimination of unnecessary intermediaries, from the transfer of value between persons and things. 6. What is Distributed Ledger Technology (DLT)? Distributed Ledger Technology encompasses an extensive database consisting of synchronized digital records. Examples of records maintained by DLTs include monetary transactions (e.g., Bitcoin Blockchain), titles and rights to intellectual property, creative content, music, votes, healthcare records, and other sensitive or confidential material. 7. What is a Directed Acyclic Graph (DAG)? A Directed Acyclic Graph is a particular type of graph consisting of nodes connected to each other by directed edges. The term ‘Directed’ refers to the idea that edges have directions (like a street map), while ‘Acyclic’ implies that it is not possible to walk from a node X and return to X without going back on a previously used edge (for example no U-turns!). 8. What is a P2P Network? The architecture of most computer applications on the internet is two-tiered. In a two-tiered architecture, there is a clear division between clients and servers. For example, a typical banking application allows a client to prepare transactions on his/her local machine, and upload the transaction to the bank's centralized server or database. In contrast to the two-tiered architecture of centralized applications, P2P systems equally distribute all aspects of the application across participants, which enables workloads, resources, and values to be shared, and additionally, eliminates the need for peers to trust central authorities. 9. What is “cognition”? The word cognition derives from the Latin term cognosco which means 'to conceptualize'. Cognition can be defined as the mental act of acquiring and understanding knowledge through senses, experience, and thought. 10. What does “cognitive computing” mean? Cognitive computers imitate human intelligence by processing data with a set of rules and procedures that can be updated iteratively, based on the value of the incoming data on an asneeded basis. Cognitive computing systems can provide highly accurate descriptions of visual and linguistic data, just like humans. A developing cognitive computer system relies on machine learning strategies, and the scientific study of biological systems, including their cognitive abilities that sustain autonomous, self-driven learning. 11. How is Helix funded today and do you plan an ICO – when? Currently, Helix is funded by global private and institutional investors. In order to optimize its strategy and operations to the interest of both public (i.e. community) and professional investors, Helix decides to defer its ICO until a better perception in the markets evolves. Helix also intends to evaluate other forms of global coin distribution models where the public audience would be involved in schemes similar to Bounty Programs or Air Drops rather than an ICO. For more detailed information about ICO and Coins, please refer to the Helix ICO & Coins Quick Facts on our website: https://hlx.ai/whitepaper. 12. What is a cryptocurrency after all? A cryptocurrency is a digital means of payment created and transferred using cryptographic principles, to enable a decentralized and secure payment system. 13. What is HLX? HLX is the cryptocurrency developed by Helix Cognitive Computing. 14. Why is HLX called "Cognitive Cryptocurrency"? Every transaction initiated in the HelixTangle results from the process of cognition. Helix uses cognitive scientific methods for purposes of security and validation in the network. For example, in order to approve or validate a transaction, Helix introduces the first ever transaction ledger in the crypto world, which secures transactions using artificial intelligence techniques such as decentralized deep learning, a unique ability to understand, reason and learn about cyber-attacks and threats. 15. Who can use HLX? HLX is for everyone and everything. You do not need to create a large valued transaction to use the HelixTangle. And since there is no fee, both people and machines can attach their micro-valued transactions to the HelixTangle. Thus, the HelixTangle can be used for machineto-machine settlement, person-to-machine, or machine-to-person payments. 16. Who needs HLX? The HLX coin is the means of digital exchange in the HelixTangle. 17. How I can mine HLX and how expensive are the transaction fees? You cannot "mine" the HelixTangle because the Helix protocol does not require intermediaries like miners. The upshot is that the HelixTangle does not waste valuable resources like energy or natural space. Regarding transaction fees, there are none! 18. How are HLX created? The HLX amount was set in advance by a human council. The sum is set in advance in the code and implemented in the HelixTangle. The Total Coin Supply is calculated from (244 * 244). 19. What is the maximum number of HLX Coins that can be in circulation? Our maximum amount will be 4,292,493,394,837,504 HLX or 4,292,493,394 mHLX. We also tend to say, in short, but imprecisely: "The total supply is approximately 4,3 petaHLX". 20. What is the difference between mHLX and HLX? Because the number 4,292,493,394,837,504 HLX is rather inconvenient to use, we count in millions of HLX, calling that unit mHLX (“Mega Helix”). So the integer of the total coin supply divided by a million results in the total mHLX supply of 4,292,493,394 mHLX. 21. Is the HLX supply infinite? The HLX coin supply is finite, not infinite. In other words, there are a limited number of HLX coins. In contrast to the Keynesian economic models of most states, the HLX coin supply is not inflationary because no one can “print money” as they need it, and arbitrary coins are never generated. 22. On which exchange platforms for trading HLX will be available? To be announced after the ICO. 23. Where can I store my HLX? Once the HLX coins are prepared for transfer to third parties, you can store your HLX inside the HelixWallet software that will be provided in time for the coin transfers. 24. Is Helix' focus on the HLX coin or the Tangle? First and foremost, Helix is not about the cryptocurrency but rather a protocol for introducing next-generation technology in decentralized distributed computing. It can be said that the cryptocurrency HLX is a necessity to our peer-to-peer network. To be able to tap the full potential of the HelixTangle you need currency. It is not possible to pay with fiat money on the Tangle, and this is not a plan. 25. Is the HelixNetwork better than a Blockchain P2P network? Yes. Advantages of the HelixNetwork over traditional Blockchain P2P networks include:
Cost – Transactions in the Tangle are free of charge and occur at a far higher speed
Scalability - Transaction confirmation speed increases linearly with the numbers of tips
Decentralization – The Helix Tangle eliminates the need for mining or miners
Environmentally Friendly – e.g., No waste of electrical energy
Can be used by the emerging machine economy (=IoT and sensors).
26. Why is the Tangle faster than a Blockchain? New transactions in the Tangle confirm two previous transactions. This makes the Tangle infinitely scalable. Blockchain, on the other hand, sees several transactions packed into one block and these blocks are charged every ten minutes. 27. What is unique about the Tangle? The HLX coin can be used like any other cryptocurrency. The network protocol was specially designed to connect devices. Companies and people gather data every day with a myriad of devices such as weather sensors or sensors in machinery and healthcare. But almost every piece of information is not used or recycled. The HelixNetwork can tackle it in two ways: It can save data in a way, such that no one other than yourself has access to the data. Moreover, it allows a free transaction between the owner and the one who wants to acquire the data. While we already realize how relevant data is at present, in the future, data will play an even more significant role. 28. How is data stored in the Tangle? Suppose you want to send a JPG file to someone. First, your picture will be split into several parts and stored in a special field of various Helix transactions. To send data or communicate with someone on the HelixTangle, you store data in the shared, public version of the Tangle for a limited amount of time. When you, or someone else you authorize, retrieve the data, you are reading the data directly from the HelixTangle in its most current state. The transactions containing your data will not be removed until a snapshot, which is like sending data off into oblivion. After the data has been forgotten, all transaction objects valued at 0 are deleted from the shared, public HelixTangle. If someone would want to read your data from the HelixTangle, that would mean that they must take the precisely same walk through the graph you already did, and only then they would recover the original walk, or message, or data. To simplify this process and stay up to certain privacy requirements, we use a module called Masked Authenticated Messaging. It enables a private, public or restricted encrypted data stream, wherein the restricted scheme, for instance, a channel identifier key and a private key would be required to access the data stream. 29. Is the data stored in the Tangle or does the data only pass through the Tangle? To be certain of the correctness of your data, in other words, to achieve data integrity, it is mandatory that data is stored in the Tangle. Due to Proof of Work requirements and confirmation times, this could lead to problems in a scenario like a messaging app, where remotely instant data transfer is required. In these cases, it is recommended to use an overlay network like Flash. Flash enables the creation of a multi-signature wallet (that holds a balance predefined by the parties) by two or more parties that trust each other. Transactions in a flash channel are almost instant, with delays only associated to network propagation. When the channel is closed by the parties, the last state of the balances of the parties is synchronized to the Tangle. This procedure eliminates a lot of overhead, supports scalability of the overall system, i.e., the HelixNetwork and enables a tremendous throughput of transactions. 30. How is the data sent? You can use the interface provided in the official HelixWallet. Using the Interface, you will be able to publish data into the Tangle and restrict access to your needs. 31. What are possible use cases for the HelixTangle? To give a few examples:
Bio data platform - BEAMS (Helix' first spin-off, more information at www.beams.ai)
Supply Chain Transparency (Manufacturing)
Aircraft Maintenance, Repair, and Operations (MRO) Energy & Utilities (The era of microgrids)
Public transport (Train, bus)
Licensing (Music, movies)
Post-shipping companies (UPS, DHL)
Food Industry (Food tracking)
32. Do I need HLX to use the Tangle? It is not entirely necessary to own HLX to use the Tangle. In the future, you will be able to use the Helix Tangle to store and send your data to other people securely. 33. When will the HelixTangle / Network be available? The MainNet should be launched in Q1 of 2019. 34. How can I synchronize with Helix' progress? To keep up to date, you can follow our Social Media Accounts, or get informed through our website and Discord server. Helix is active on the following Social Media Platforms: Discord: https://discordapp.com/invite/WztYaYP Telegram: https://t.me/helixfoundation Twitter: https://twitter.com/FoundationHelix Facebook: https://www.facebook.com/Helix-Foundation-874464419427146/ LinkedIn: https://www.linkedin.com/company/hcc-gmbh/ Medium: https://medium.com/helix-foundation YouTube: https://www.youtube.com/channel/UCTC_SlcpU4V9juYkIN87rKA Bitcointalk: https://bitcointalk.org/index.php?topic=4794230.0 35. What are Helix' intentions regarding Post-Quantum-Cryptography? Helix’ proof of work is minimal which means the difference of performance between a quantum computer (QC) and a normal computer is minimal (~QC would be roughly 100 times more efficient than an average everyday computer, in blockchain a QC would be 14 billion times more efficient than a high-end mining pool). The difference is great. Helix uses Schnorr signatures, which are based on the discrete logarithm problem. It achieves high performance and privacy standards and is widely studied and accepted in the industry. The problem is it’s susceptibility to quantum computations (to be more specific Shor’s algorithm implementation on QCS). Although we see the quantum era as a massive threat to existing cryptographic methods, we are sure of the fact that certain attacks, which are currently only theoretically modeled, will need a few more years to become practical enough for sufficient incentive of an adversary. While Helix is determined to come up with solutions for the quantum era, we decide to take a route quite different from our predecessor. Instead of publishing “quantum proof” algorithms (that the scientific community hasn’t had a chance to study yet), now in a time where there is no practical QC attack, seems kind of premature. In a realm, where trust is the highest good, seems premature. The general idea is to use, what achieves the best performance and security standards today, while initiating the research needed to sustain all of the computing eras that lie ahead. 36. What Helix areas and brands are worth to know?
HelixEcosystem - All systems, users, community associated with the HelixTangle
HelixTangle - Helix’ initiated P2P network protocol (a next-generation internet)
HelixPlatform - The place for developers and community to interact with the HelixTangle
HelixWallet - Interface to manage participation in the HelixEcosystem
HelixVirtualMachine - Provides secure access to the computing power of the HelixTangle
HelixComposer - Toolkit to build your dApps (decentralized use cases)
HelixWetware - Helix’ future initiative for a DNA-based molecular storage system
HelixFoundation - the Non-Profit arm of Helix to foster HelixEcosystem and R&D
HelixCognitiveComputing - the Commercial legal entity of HelixGroup
HLX - Helix Cognitive Cryptocurrency
BEAMS - A bio data platform powered by the HelixTangle
Sheikh Dr. Zaharuddin Abd Rahman — Chairman, Shariah Board Sheikh Dr. Zaharuddin Abd Rahman who is a Managing Director of Elzar Group of companies (Elzar Shariah Solutions Sdn Bhd, Elzar Resources Sdn Bhd, Elzar Trading Sdn Bhd and K-Fiqh Sdn Bhd). Dr. Zaharuddin served as an Assistant Professor at the Kulliyyah of Economics, International Islamic University Malaysia (IIUM) for more than 10 years. He obtained his degree from University of Malaya, MA in Shariah from Al-Yarmouk University, Jordan and PHD in Islamic Studies and Finance from University of Wales. He is also a certified Islamic Finance trainer and lecturer by The Markfield Institute of Higher Education, United Kingdom. He has served RHB Islamic Bank Ltd, Malaysia as a Senior Shari’ah Manager & Product Development and later, joining Asian Finance Bank Ltd as Head of the Shari’ah Compliance. He has a vast experience in Shariah where he has served various institutions as Shariah Consultant and Advisor for Central Bank of Malaysia (BNM), OSK Investment Bank, Deutche Bank, Al-Rajhi Bank Malaysia, Standard Chartered Saadiq Bank, ACR ReTakaful Bahrain, BIMB Securities Sdn Bhd, BNP Paribas Bank and others. To-date, he has written over 20 books and hundreds of articles on Islamic Jurisprudence and Islamic Banking and other Shari’ah matters in journal, including local and international magazines and conferences. He frequently appears in the local television and radio lecturing on various Shari’ah issues especially with regards to the Islamic commercial transaction. His Facebook page ‘Dr. Zaharuddin Abd Rahman’ has about 1.3 million followers. LinkedIn: https://www.linkedin.com/in/dr-zaharuddin-abd-rahman-05a0195/ Mr Vince Focarelli — Ambassador There was a time, whenever Vince Focarelli’s name was mentioned, it struck fear and hatred in the people’s heart, especially amongst the residents of Adelaide. That is not the case anymore. The former leader of the notorious gang ‘Comanchero’, he is now a transformed and completely different person after embracing Islam. Watch the interview with Vince about his journey to Islam. (https://www.youtube.com/watch?v=N2jcCxBwm9s) Vince — now Imran Abdul Salam — is an active social activist, where he frequently gives motivational and inspirational talk about his journey to Islam. He is also actively involved in several humanitarian works such as organising a food convoy for the Yemeni refugees. He used to own and run a Halal Italian restaurant, La Fig Cucina in Adelaide, of which he wishes to expand its presence around the world. Vince has been appointed as the Ambassador to Bayan Token as he shares the same aspirations and noble intentions of spreading good to the wider mass. An avid preacher of kindness and goodness himself, he is very excited and looking forward to do greater good through the Shariah compliant Bayan Token. Facebook: https://www.facebook.com/Vince-Focarelli-1892643934346711/ Dato’ Zainal Abidin M Husain — Chairman Dato’ Zainal Abidin was a name to be reckoned with in the banking and financial industry. He served as a Manager for eight years at Arab-Malaysian Merchant Bank Berhad before becoming the Head of Finance at Halim Securities Sdn Bhd. He then made his leap of faith by founding Ikhtiar Destinasi Sdn Bhd. He has held many significant positions since then which include the Managing Director for Ikhtiar Factoring Sdn Bhd and Director for both Transpro Sdn Bhd and Ikhtiar Commerce Sdn Bhd. At 56, he is still active and going strong, overseeing Ikhtiar Destinasi Sdn Bhd as its Executive Chairman. He graduated from University of Minnesota in Accounting and Idaho State University in Masters in Education (Business). LinkedIn: https://www.linkedin.com/in/dato-zainalabidin-husain-267927aa/ Nazimuddin Nazaruddin — Chief Executive Officer Nazimuddin graduated from Universiti Teknologi Mara (UiTM), completing his Association of Chartered Certified Accountant (ACCA) professional course. He is a member of ACCA and Malaysia Institute of Accountants (MIA), and is currently a Chartered Accountant by background. He kickstarts his career in a medium sized Audit Firm, Afrizan Tarmili Khairul Azhar (AFTAAS), and continue his auditing career to one of the Big Four firm, Deloitte Malaysia based in Petaling Jaya, leading and managing various client’s portfolio, from small to big entities. Then he moved to Schlumberger KL Financial Hub as a Management Accountant, dealing with Financial Reporting and operational matters, taking care of Middle East area operations via working closely with Operation Controllers, specifically in Artificial Lift and Completions segment for Kuwait, UAE, and North Sudan. Currently he is practicing in his own firm Nazim & Co, an accounting firm under MIA, specializing in small medium entities portfolio’s. He has vast experience and well verse in International and local financial reporting standards, international standards of auditing, financial reporting compliance, statutory and taxation matters, performance management and internal audit compliance. LinkedIn: https://www.linkedin.com/in/nazimuddin-nazaruddin-acca-ca-m-3391b1aa/ Ameerul Zafeeq Hizamuddin — Chief Financial Officer Ameerul Zafeeq is a chartered accountant graduated in 2010 from Kaplan Financial College, London. He started his career at Binder Dijker Otte (BDO) as an audit associate. He then moved to Accenture as Accountant before joining Royal Bank of Canada (RBC) as Fund Accountant to have a first-hand experience in investment field. Ameerul was hired by Petronas Carigali as a Senior Executive in 2016. He was promoted to Assistant Manager and moved to Petronas Berhad. He specialises in business planning, forecasting, budgeting and reporting. LinkedIn: https://www.linkedin.com/in/ameerul-zafeeq-hizamuddin-883224a3/ Adam Effendy Mustapha — Chief Operating Officer Adam Effendy graduated from London School of Economics and Political Science in Bsc. Economics. Immediately after graduation, he was offered an executive position in UEM Group Berhad, serving both the Corporate Finance Department and the Managing Director’s office. He then moved to UEM Sunrise Berhad, gaining more experiences in the corporate world after serving total of three years in the Managing Director’s office and the Corporate Planning department. Adam then decided to resign and started his own publishing house that has published ten books to-date; two of them were national bestsellers. After two and half years being an entrepreneur, Adam craves for new challenges and wants to learn something novel and exciting. He quickly jumped at the offer to join the team as he gets to enjoy the best of two worlds; Islamic finance and financial technology. LinkedIn: https://www.linkedin.com/in/adam-e-mustapha-661011b1/ Muhamad Akif Akmal Abdul Aziz — Chief Technology Officer A First-Class Honour graduate in B.Eng Electrical & Electronic from University of Adelaide, Muhamad Akif Akmal was an Electrical Engineer at Tarpon Energy Services Asia Pacific Sdn Bhd since 2014 before joining the team. He specialises in designing electrical system and instrument. Akif is a crypto and blockchain enthusiast who has traded using various platforms such as Poloniex, Shapeshift, Remitano and LocalBitcoins. He also has experiences in building GPU mining rig and designing mining farm. He was also a back-end technology consultant for several ICOs. LinkedIn: https://www.linkedin.com/in/muhamad-akif-akmal-abdul-aziz-19b22a73/ Zikri Zainudin — Chief Technical Analyst A Financial Engineering graduate with 7 years of investment banking experience, Zikri Zainudin is a self-taught computer programmer. He applied complex algorithms and artiﬁcial intelligence to enhance the Z2 System into an integrated, advanced methodological application, designed for efﬁcient stock picking, complex alerts and automated execution to support professional trading. It took more than 10 years to derive the methodology, which is now known as the Z2 Protocol. Mr Steven Georgiadis — Legal Consultant Steven Georgiadis is a highly acclaimed and seasoned Trial Attorney with 18 years of accomplished experience. With a combination of a scholastic and reformist approach, he has netted triumphant proficiency in investment banking, private banking, Mergers & Acquisition, private equity transactions, corporate finance and corporate governance. Commonly sought internationally by prestigious cliental, he has become a highly respected advisor and esteemed leader. Steven, a graduate from Bond University, Gold Coast, Australian with Bachelor of Laws (LLB), has been solicited for his astute abilities in a vast array of legal disciplines including dispute resolution and in litigation for both hard and soft commodity sectors. LinkedIn: https://www.linkedin.com/in/steven-georgiadis-06692768/ Mr Pierre Chuah — Marketing Expert Pierre Chuah is a Digital Marketing Cloud Specialist with 20 years of experience. With a holistic digital experiences, he is able to understand and implement various digital marketing technologies for businesses. Pierre started his career in KPMG Asia Pacific as an IT consultant in the implementation of SAP Finance solutions, for various companies in Malaysia and Singapore. Subsequently he led a team of 23 individuals in providing digital marketing consultancy to various multi-national companies such as Japanese Tobacco Industry (JTI), Carlsberg, Nissan, Cadbury, Kimberly Clarke, Mattel Toys, Adidas, Panasonic and many others in implementing digital marketing technologies. Pierre joins Oranje-ISC as a Digital Director in the year 2014 having developed and implemented a 360-digital experience for Langkawi Island. Under his direction, Oranje-ISC was made finalist in ‘Marketing Excellence Awards 2017’. He is professionally certified by SAP, Google, Oracle and Adobe. He graduated from Warwick University, United Kingdom BSc Management Science and City University, London with MSc Information System and Technology. LinkedIn: https://www.linkedin.com/in/pierre-chuah-18222861/ Dr. Said Adekunle Mikail — Shariah Expert Dr. Said Adekunle Mikail is a researcher at International Shariah Research Academy for Islamic Finance (ISRA) and lecturer at International Centre for Education in Islamic Finance (INCEIF). His academic qualifications are distinguished; he graduated from Islamic University of Madinah with LLB (Shariah) and earned his Master’s Degree in Comparative Law from the International Islamic University of Malaysia (IIUM). He then obtained his PhD in Islamic Finance from the same university. Dr. Said’s experience in Islamic Finance is extensive. He was the Shariah advisor for BNP Paribas (Islamic Banking Window, Malaysia) in 2015. He was appointed as the Shariah Consultant to I Consult Africa (PTY) Ltd. Ethical and Responsible Advisory, South Africa in 2016 and still serving them until now. He is also a Shariah Consultant under ISRA Consultancy Sdn Bhd, which has served a number of high-profile clients including the Central Bank of Malaysia. Dr. Said holds a number of memberships in various esteemed bodies and organisations such as Al-Birr Investment and Credit Cooperative Society Limited (Chairman), Muslim Scholarship Fund of Nigeria (MSFN-Nigeria) (Partner), International Council of Islamic Finance Educators, Malaysia (Associate Member), Malaysia Institute of Management (Affiliate Member) and Malaysian Financial Planning Council. Being conferred the 21st Yayasan Tun Razak Youth Leadership Award in 2016 and Shariah Scholarship Award by ISRA in 2011, Dr Said has produced many academic publications and reports, which are internationally recognised. Dr Hameeth Shah Abdul Wahid — Biotech Project Expert Dr Hameeth Shah Abdul Wahid completed his MBBS from the International Islamic University of Malaysia (IIUM) in 2004. He started his career as a young doctor in Hospital Besar Alor Setar. Since the early days, he has special interest in Internal Medicine that lead him to take up postgrad studies in the subject matter. Eventually he completed his postgrad studies and obtained membership of Members of Royal College of Physician (MRCP), United Kingdom in 2014. Currently Dr Hameeth Shah is working as a Senior Lecturer at University Kuala Lumpur-Royal College of Medicine Perak (UNIKL-RCMP) and practicing as a Specialist in Internal Medicine at Pusat Pakar Perubatan Ar-Ridzuan in Ipoh, Perak. He also has special interest in cardiology and currently doing his fellowship in Interventional Cardiology. LinkedIn: https://www.linkedin.com/in/hameeth-shah-67167445/ Siti Sarah Nadiah Suliman — Legal & Human Capital Director Siti Sarah Nadiah is a qualified lawyer, whose vast experience in legal practice ranges from human rights, civil litigation, commercial and banking law. Siti Sarah Nadiah graduated from UiTM with Honours Degree of Law and currently pursuing her Master’s degree in Islamic Finance Practice. She is also a Senior Associate Member of Chartered Institute of Islamic Finance Professionals (CIIF). LinkedIn: https://www.linkedin.com/in/siti-sarah-nadiah-suliman-a16007159/ Noorashikin Zainal — Account & Finance Director Noorashikin Zainal has a total of more than 17 years of experience in accounting. She has handled accounts of companies of various businesses and industries, which include healthcare, electrical and electronics, real estate and event management. A graduate from UNITEN in accounting, Noorashikin’s last position was Account Manager at K-Fiqh Sdn Bhd. LinkedIn: https://www.linkedin.com/in/noorashikin-zainal-b83686133/ Zainab Abdul Razak — Mart Operation Director Zainab joined Zalora, Asia’s leading online fashion platform as Operation Executive in 2012 before moving to Lazada, Malaysia’s largest e-commerce store as Senior Operation Associate in 2014, focusing on the warehouse operation. Zainab is now entrusted with managing the whole operation of Elzar Mart, a retail halal supermarket that offers everyday items at a very competitive price. LinkedIn: https://www.linkedin.com/in/dea-zainab-a193756b/ Dr. Siti Hajar Pahmi — Biotechnology Consultant Dr Hajar completed her Bachelor’s degree in Biotechnology with First Class Honours in 2010 from the University of Queensland, Australia. The university, together with the Australian Government then funded her Ph.D in Medicinal Chemistry under the International Postgraduate Research Scholarship (IPRS) and the University of Queensland Centennial Scholarship, where she gained her doctorship in 2015. Whilst formal education is important to her, Dr Hajar also led and was heavily involved in multiple projects and events both in Australia and Malaysia. Throughout her student years, Dr Hajar’s leadership and management skills shone when she held several important positions in the Malaysian Students’ Council of Australia (MASCA) from 2007 to 2014. She maintains a balanced life by being active in sports, and have competed competitively and socially in netball, futsal, basketball, ultimate frisbee, and touch rugby. She is a strong advocate for healthy living as she believes in “healthy heart, healthy life”. LinkedIn: https://www.linkedin.com/in/hajar-pahmi-19ba3860/ Mohamad Shafiq Ezhan Khairulazli — Creative & Marketing Director Mohamad Shafiq Ezhan has more than 10 years of experience in creative art and design. He is the founding partner and Creative Director of Talenta Holdings Sdn Bhd, whose clients include Petronas, Telekom Malaysia Berhad and Little Trees (a company based in the United States). A graduate from UniKL MFI in mechatronics, Shafiq Ezhan’s experience also includes marketing and image and branding strategy. Siddiq Mohd Amin — Shariah Secretary Siddiq Mohd Amin graduated from University of al-Azhar, Cairo with a Bachelor in Shariah in 2016. An excellent student with Best Student Award in his third year, he immediately started his career with Elzar Shariah Solutions and Advisory upon his graduation as a Shariah Associate. LinkedIn: https://www.linkedin.com/in/siddiq-mohd-amin-516b76162/ Professor Dato’ Dr Norbik Bashah Idris — Advisor Dato Dr Norbik Bashah Idris is currently a Professor at Kulliyah of ICT in IIUM. He started his academic career in 1983 with UTM and has been attributed as one of the early pioneers of Cybersecurity in Malaysia. Throughout his career, he has been a member of SIGSAC –(Special Interest Group on Security, Audit and Control) of the ACM (Association of Computing Machinery), IEEE Computer Society, New York Academy of Science, USA and IFIP Working Group-11.3 on Database Security (USA). As a cybersecurity professional, Prof Norbik carries CISSP & CISM certifications from ISC2 & ISACA. In 1995 he led a team which won a strategic research grant from MOSTI to start the first major research work on Cryptography in Malaysia which produced a suite of indigenious cryptographic utilities. In 1998 Prof Norbik founded the first Real-time Software Engineering Centre of Excellence in Malaysia, where he collaborated with the University of Thales from Paris. The cybersecurity R&D team he led later became incorporated as a company which won a significant project from the Malaysian Government to help monitor security of government’s network throughout the country. The company later became the first public-listed company on Cybersecurity in Malaysia. Following his success in Malaysia, Prof Norbik repeated the success into other ASEAN countries and later into the Gulf countries (UAE & Saudi Arabia). Throughout his career Prof Norbik has been a Keynote Speaker, Visiting Professor, Corporate Figure, Consultant & Advisor on Cybersecurity to various Organizations & Governments, both in Malaysia & international. He was nominee for 2007 Ernst & Young Best IT Entrepreneur, twice Distinguished ISC2 Award winner for Asia-Pacific, IDG Distinguished Chief Security Officer for Asia Pacific, winner of at least 7 Gold medals in various exhibitions and competitions on Cybersecurity products & services, and holder of a few patents. Prof Norbik’s latest interest is in synergizing cybersecurity & DLT (Blockchain/Tangle) into Islamic Fintech products & services in the hope of contributing to the Maqasid Shariah. LinkedIn: https://my.linkedin.com/in/norbik-idris-92102036 Mr Hj Khairil Anuar Mohd Noor — Advisor Khairil Anuar has been an international banker for over 27 years, where the past 18 years has been in Islamic Finance. Over the course of his career as a banker, he has had a significant exposure and experience across a multitude of area including wholesale banking, syndications, trade finance, debt and capital market, asset management, retail banking, cash management, banking operation, system implementation and product management to name a few. Khairil had helmed HSBC Malaysia’s and Bank Simpanan Nasional’s Islamic Banking Division. He then moved to Dubai serving Emirates Islamic Bank as its Head of Marketing. His last posting was the Head of Structuring, Product Management and Business Intelligence for Wholesale Banking Group at Al Hilal Bank, Abu Dhabi, where he served for almost 10 years. From 2006 until recently, Khairil has been instrumental in developing the Islamic Finance capabilities of Al Rajhi Bank Malaysia, Mashreq Bank, Dubai and Al Hilal Bank, Abu Dhabi and Kazakhstan within wholesale, retail and operation setting. He graduated with MBA from Saint Louis University in Missouri, USA in 1987, where he also spent 2 years working for a premier stock broking firm there. LinkedIn: https://www.linkedin.com/in/khairil-anuar-mohd-noor-77040313/ Mr Zuheer Mohammed Majid — Advisor Zuheer Mohammed Majid is an experienced banker whose career spans over almost 30 years. Now a Senior Vice President in Citibank Malaysia Berhad, his journey in banking began when he joined United Malayan Banking Berhad (now RHB Bank Berhad) in 1986. He then became Assistant Vice President at ABN AMRO Bank Berhad before serving Hong Leong Bank Berhad as Manager for Trade Finance and Correspondent Banking. Zuheer’s expertise across many areas in the industry had landed him the Senior Vice President post in Citigroup Transaction Services Malaysia Sdn Bhd, where in year 2000, he joined them to oversee the trade services/finance operations and advisory services. He graduated from Irvine University, California with an MBA. LinkedIn: https://www.linkedin.com/in/zuheer-mohammed-majid-7a32301b/ Mr Hj Zainuddin Md Yusof — Advisor A market trader with a background in statistics, Hj Zainuddin started trading the global markets in the 1980’s. Aside from having more than 30 years exposure to the global markets, specializing in the US equity market; he has spent thousands of hours testing and enhancing technical trading tools to develop a state-of-the-art proprietary trading system — the Z2 System — which combines technical and fundamental analysis to identify optimum trading opportunities using cutting-edge technology. Mr Hj Zulhisham Ayob — Advisor Haji Zulhisham is a top-notch seasoned player in the media and marketing communications industries. He has over three decades of working experience in Broadcasting and Marketing Communications prior to founding Oranje-ISC. Among others, he had served as the Chief Operating Officer in Radio Airtime Services, Executive Vice President Marketing for IT Vista and Executive Director of Pakarmedia Sdn Berhad. Apart from media industry, Haji Zulhisham is an entrepreneur who founded the Home of TAHFIZ Darul Siddir — A specialist Islamic religious institutions serving and nourishing Islamic spiritual needs promoting mainstream learning of Islam based on the Quran and Sunnah, preparing for the future generations. Home of TAHFIZ Darul Siddir is committed to the dissemination of Islamic knowledge through the traditional time honoured methods for the Glory of Allah (Glorious and Almighty He is) and in honour of our Prophet Muhammad (peace and blessing upon him). Another outfit founded by Haji Zulhisham is Twentytwo Multi-Labels Concept Store skewed towards offering Muslimah fashions. With more than 100 brands housed under one roof physically and digitally, Twentytwo provides trading, branding and marketing solutions to its business partners and variety of affordable designer brands suitable not only for Moslems, but those who desires to look fashionable and elegant yet dignified. Mr Khairu Rejal — Advisor Khairu Rejal has more than 10 years of experience in the venture capital and start-up incubation space, initially at the Nanyang Technopreneurship Center (NTC) and later at Majuven, a Singapore-based venture capital firm focused on early growth and high-tech companies in Bio-Technology, Healthcare, Clean-Sustainable Solutions and Dynamic Digital Convergences. In 2017, Khairu along with other like-minded angel investors came together to launch Rekanext Capital Partners. Currently, in Rekanext, Khairu as a Managing Partner is always looking out for start-ups across Indonesia, Malaysia as well as Philippines and Vietnam with a focus on enterprise software and deep tech verticals. He also sits on several committees of other non-profit organisations and has led initiatives in the social impact sector. LinkedIn: https://www.linkedin.com/in/khairurejal/ Mr Hj Che Salmi Che Ibrahim — Advisor Che Salmi Che Ibrahim has been in the retail industry for the past 26 years. Starting with Sabasun Sdn Bhd, before it changed to its current household name; Sabasun Hyperruncit Sdn Bhd. A local entrepreneur with a global vision, at the moment he proudly owns three Sabasun hypermarkets and a warehouse, aiming to become more efficient in distributing its items. Sabasun Hyperruncit Sdn Bhd will launch the Terengganu Halal Business Centre in January 2019, which will house the first ever Sabasun Mall, Parkson, a hotel, office units, F&B outlets with a bowling alley. Under Che Salmi’s leadership and dedication, Sabasun has won the Malaysian Ministry of Domestic Trade, Co-Operatives and Consumerism’s ‘Consumer’s Choice Award’ in 2009. Che Salmi, a graduate in Psycholinguistics, is known not only for his skilful entrepreneurship, but also active in humanitarian and charity works. His Sabasun hypermarkets are famous among locals as it is able to cater the needs of the low-income earners. He is also known for organising fund-raising for people who are less fortunate in other countries like Palestine and Syria. Madam Roseta Mohd Jaafar — Advisor Roseta Mohd Jaafar started off her career in Corporate Communications with Mekar Idaman Sdn Bhd as a Senior Executive in 1997. Little did she know that she would flourish in that area and climb the corporate ladder at a rather fast pace. After Mekar Idaman, she moved to Intria Berhad as Assistant Manager before becoming Head of Corporate Communications at Opus International Consultants Limited just one year after that. Roseta then advanced her career with UEM Group Berhad, as a Manager in the Corporate Communications department. After almost 2 years there, she then took a leap of faith to become the Vice President, Head of Group Corporate Communications and Public Affairs for EON Group Berhad in 2007. Her most lustrous career to-date was her 7-year and a half stint with Al-Rajhi Bank (Malaysia), as their Vice President, Head of Corporate Communications. Now the Corporate Affairs Director at GCH Retail (M) Sdn Bhd, which owns over 120 Giant hypermarkets, 400 Guardian pharmacies and more than 16 Cold Storage supermarkets, Rosetta has in total more than 20 years’ worth of experience in Corporate Communications. She graduated from University of Leeds with BA (Honours) in TESOL and earned her Masters of Science degree in Corporate Communications from Universiti Putra Malaysia. LinkedIn: https://www.linkedin.com/in/roseta-mohd-jaafar-5a75763/
Sourcing Guide for Mining Machine: China manufacturing industries are full of strong and consistent exporters. We are here to bring together China factories that supply manufacturing systems and machinery that are used by processing industries including but not limited to: mining equipment, mining machinery, machine. Sichuan Mining Machinery Group. Sichuan Mining Machinery(Group)Co.,LTD(Hereinafter referred to as SMMG)was founded in 1958, headquarter is located in Jiangyou city, Sichuan province.SMMG is one of the most professional manufacturers of machinery in China, and also is China mechanical top 500 enterprises. The Takeaway. Bitmain, the world’s largest maker of bitcoin-mining computers, chose an old Alcoa aluminum-smelting plant in Rockdale, Texas, for a new bitcoin mine. USB Bitcoin mining was only profitable when Bitcoin was in its early years. If you just want bitcoins then invest in serious mining hardware or just buy bitcoins. Halong Mining. The world of crypto was in disbelief when Halong Mining, a new ASIC startup, announced their brand new Dragonmint T16. Halong claimed it to be the most powerful – and 10,000 Bitcoin mining devices were stolen. By. Edward Gibby - July 23, 2020. 0. Facebook. Twitter. Pinterest. WhatsApp. Linkedin. ReddIt. The power war in Bitmain mining giant Bitmain, which has been on the agenda recently, has become more and more severe.
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