1 TRC to BTC (1 Terracoin to Bitcoin) Exchange Calculator

perfectcoin: the quest for the perfect cryptocurrency

Many cryptocurrencies exist now, with more being launched all the time. This subreddit is not about any one cryptocurrency, but instead a place to exchange links and ideas about what makes the best altcoin and how to improve on features of current altcoins.
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Jobs that pay in cryptocurrency

A place to find odd jobs that pay in cryptocurrency.
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EWMCI Weekly Update for 2019-10-04 [Full Version]

Dear Colleagues,
One week at a time... or "crypto in small doses" seems to be the mantra over the past couple of months. Well, last 7 days were no exception. Starting at very depressed levels, all three indices (Gold, Silver, and Bronze) had a lot of resistance to overcome on their way toward the "median" levels. As we move forward, it will be important to determine how the increasingly legitimate "crypto space" fits into the existing landscape of modern finance. This will of course differ when it comes to specific application(s) of each "coin" - from store of value to currency to practical blockchain apps. Below is the breakdown of individual index performances for the week ending October 4, 2019:
1) Gold Index - "The fall stops here... for now." This pretty much sumps up the movement of the large caps within the index. Up 1% this week, the index performance seems to be following Bitcoin's new range-bound fluctuations between $7,900 and $8,200. There are too many economic and political events to clearly attribute index behavior to... uncertainty is the only constant. Right now, we are in a holding pattern that will have to resolve itself one way or another. One underappreciated fact that many seem to miss - The increasing USD strength may have something to do with the relative weakness in all currencies, including "crypto" currencies.
2) Silver Index - Overall similar to the Gold Index, with the only difference being a 1.3% drop (as opposed to 1% increase). Given the volatility of individual components, more choppy trading is likely in the cards for the upcoming week. Moreover, some of the positions within the Silver Index are being actively affected by the closing of two major altcoin exchanges. Until that situation stabilizes, there will likely be more price swings over the next 3-4 weeks. Once new marketplaces / exchanges become established, this temporary state should fully resolve.
3) Bronze Index - This is the singular success story for the week. The index is up 9.8% after a large drop two weeks ago. Looking at the 2-week moving average, we are just above the "dashed line." This may mean that the worst is behind us, and that the next move will either be "lateral" or "up" with the long-term line showing resistance/support levels in the $49-50 range. Given the deleterious effect of announced exchange closures on the Bronze Index in the recent past, many of the positions seem to be emerging from that temporary selling pressure.
Other items - Great thanks to Zapple and NLexch for their flexibility and generosity in hosting new coin pairs. Also kudos to the EWMCI Leadership Alliance - including Bee from Unitus and Clockuniverse from Terracoin for spearheading some key coin pair transitions / listings to avoid market disruptions resulting from exchange closures.
Till next week!
Stan / EWMCI.info
Embrace DIY Index Crypto Investing - Your decisions. Your coins. Your control!
submitted by z-forum-guy to EWMCI [link] [comments]

My 5 Favorite Coins Under $5 Million Market Cap and Why - Full Analysis

*Note: This article was copied from my medium article and then formatted for Reddit. For the best reading experience please read on medium. However, I wanted to format it for reddit so people could read it here on Reddit if they preferred. *
 
In this article, I will be sharing with you my 5 favorite coins that are currently sitting under a $5 million market cap. Before we get into things, I first want to cover all of my bases and say this is not investment advice. Please do your own research before making any investments. The coins I will be sharing are much riskier investments, so make sure to #DYOR.
 
Please keep in mind that these are all very risky investments and are not your $100 million + projects. These are high risk and high reward projects that will require you to do your own research. These investments aren't for everybody, but I wanted to share with you my thoughts on these coins.
 
Please follow me on Twitter for more updates, articles, and my thoughts on various other crypto related topics.
 
 

1. EquiTrader (EQT): $3.6 Million Market Cap

This is my favorite project that is currently under a $5 million market cap. EquiTrader is a social platform for traders where they can share their ideas and get rewarded by the community. EQT comes equipped with trading charts, indicators, trading tools and other features which will make it easy to make technical analysis. You will also have the ability to shadow other traders and make automatic trades based on what they do.
 

Why I Like EquiTrader

There are a lot of reasons why I’m bullish on EQT, the main ones our outlined below:
 
Perfect Product for Crypto
 
Having a social platform where traders can share their investment analysis and then get rewarded is a perfect concept for this market. I think that a lot of the major crypto influencers will get on this platform and utilize it, which will then in turn help EQT get bigger. Once the platform is up and running the “crypto OGs” will do a lot of the heavy lifting when it comes to marketing because it benefits them too. I’m a big fan of any crypto project where their main audience is the crypto market. This is an easy foot in the door and will allow the project to gain traction much quicker. I think EQT will do this as well.
 
Recently Acquired by a Major Crypto Influencer
 
It was recently announced that EquiTrader was acquired by Aluna.Social, which is a company owned by Alvin Lee (https://twitter.com/onemanatatime). Having a big player behind the platform will be extremely beneficial once the platform is launched and he can start promoting it. Plus this adds a lot of credibility behind the project as well. I’m a BIG fan of this news.
 
Many Upcoming Catalysts on Roadmap
 
Public release of the EQT platform is planned for Q4 of this year and I’d expect a lot of traction to start at this point. In Q1 of 2018 they will release the iOS and Android apps, Q2 the beta of the social trading platform will be released (huge news) and then in Q3 the social trading platform will be released to the public. We have at least a whole year of upcoming catalysts that will all have a major impact on the price.
 
Currently Only Trading on Coin Exchange
 
At this point you can only buy EQT on Coinexchange.io. It was listed on Cryptopia previously but when they did a coin swap they were removed. Why is this a good thing? The EQT team is in discussion with Cryptopia to be added now that the swap has been completed. Once this happens I’d expect a major pump. This will happen very soon so the major discount that EQT is currently trading at probably won’t last long.
 
Proof of Stake: 30% per Year Returns
 
As mentioned above, they recently did a coin swap and went from a PoW chain to a PoS one where you can get 30% annual returns from staking. This is an awesome return. I have already seen some great returns from staking.
 

What I Don’t Like

The biggest complaint I have about EQT is the small issue and delay they have had doing the coin swap. Before the coin swap they told everyone to move their coins to CoinExchange.io and the swap would happen automatically, which worked great for those who followed the instructions. However, there are a lot of people that didn’t do this and now they are having to manually swap these coins. This has caused a long delay in terms of being relisted on Cryptopia, which in turn has hurt the price. This isn’t a huge deal, but it is a small complaint I have.
 

Investment Potential

With a lot of catalysts on the roadmap until 2019, the potential of EquiTrader is hard to predict. However, I think a 10x from here, which would make the market cap only $34 million, is a very real possibility within 3 months. Even after a 10x, I still think it could get closer to $75 million before it would be getting close to what I think it should be valued at. As you can see, I think there is a lot of room for EQT to grow and I’m expecting it to do just that.
 

2. Hush (HUSH): $1.1 Million Market Cap

Hush is a very, very close second when it comes to my top 5 favorite projects under $5 million market cap. This project might have the most potential out of all of the coins in this list too. Hush is an anonymous coin that utilizes the Zerocash protocol that is forked from Zcash. There are quite a few Zcash forks out there, but this is the best one in my opinion (and the cheapest). It is a fairly new coin that launched in July 2017 so there have only been a few months worth of development.
 

Why I Like Hush

There is a lot to like about Hush and the reasons are explained below.
 
One of the Best Anon Coins
 
Hush is a fork of Zcash but without the founders reward, which is the only major knock of Zcash. So without the founders reward it becomes a top notch anon coin tech wise. There are other Zcash forks out there, but none of them are sitting at this low of a market cap, which creates a huge opportunity for Hush. A very similar coin to Hush is ZenCash, which currently sits at a $14 million market cap, is another Zcash fork without some of the features of Hush. Combine all of this with the major pump all anon coins have been going through lately and Hush is looking prime.
 
Great Team
 
One of the members of the Zcash dev team, David Mercer, is now the lead dev for Hush. This is huge. Not only is he the lead dev but he is also working full time on Hush, which means all of the promised features on the roadmap will have a good shot at being completed. Along with the lead dev, there are 6 total team members. The size and talent on this team is practically unheard for a coin with such a small market cap. This is a major reason for me being bullish. I know that this team will get things done, which is all you can ask from a team.
 
Counterparty on Hush
 
This is the biggest reason I like Hush so much. They are planning on porting Counterparty to Hush and this will allow people to create Counterparty based assets with the security of Hush. They are also planning on having these assets being compatible with Ethereum smart contracts. These are killer features that make Hush a unique project.
 
Only Trading on Cryptopia
 
At this moment the only place to purchase HUSH is on Cryptopia. The Hush team has confirmed they have been in contact with Bittrex and I don’t think it’ll be long before they are added. Take advantage of it being only on Cryptopia before it gets added to other exchanges, once that happens the price is going to take off.
 

What I Don’t Like

The major knock on Hush is their marketing. They are not putting much effort into spreading awareness. Their reasoning behind this is that they feel like they don’t have a finished product to market yet and that good tech will eventually win out. I like seeing a team that prides themselves on the tech of their project, but at some point they are going to have to start marketing it. Marketing plays a huge role in crypto. With all of that being said, I’m not complaining because it gives me more time to accumulate at these low prices. The only way people find Hush is from actually doing their own research. You won’t find it being shilled much on twitter because no one really knows about it. This will probably be changing in the near future.
 

Investment Potential

The $1.1 million market cap it is currently sitting at is almost funny. I can’t believe it is so low. This coin should be sitting at an easy $10 million market cap SOLELY based off of what the project currently is. Factor in some of the upcoming features such as the Counterparty port and a standalone HUSH messenger and I think Hush could be worth at least $50 million in 6–12 months, if not higher. The reason I say it could be higher is because of the dev team. I’m very confident in the team and believe that in 12 months from now they will be working on features that will blow the current features out of the water.
 

3. Tokes (TKS): $1.8 Million Market Cap

Coming in at 3rd in my top 5 is a coin called Tokes. I’m a big fan and this is one of my long term plays that I think will be worth a ton in a few years time. This isn’t going to be a 10x coin in 2 months, but in 2 years it very well may be a 100x coin. Keep that in mind while reading. Tokes is a Waves based asset that is geared towards the marijuana business. They are looking to help businesses handle their money and provide a better payment solution for both consumers and businesses. They are also doing a few other really interesting things in this space and I will explain why I like Tokes in the next section.
 

Why I Like Tokes

Tokes is a coin based around the marijuana business, but it does much more than the other pot coins out there. Tokes is looking to actually solve real world issues in the marijuana business and has partnerships with major players in their area. I will touch more on all of these things, but I want to make ti clear this isn’t just a “pot currency”.
 
Provides a Fiat Gateway
 
A major issue for marijuana businesses is that they are forced to operate as a cash-only business due to the federal laws that make banks not want to work with them. This is a major problem within the cannabis industry and Tokes is trying to solve this by creating a fiat gateway. Tokes allows for cash to be converted to TKS and vice versa so that it can stored electronically without the need to carry cash around. They also offer no fiat volatility risk because of their pegging system. This means that the $100,000 of cash they turn into TKS will remain $100,000 when they withdraw it. This is a major issue that is being solved by Tokes and gives their project immediate value and use cases. Keep in mind that this is something they are working on implementing and hasn’t actually been developed yet.
 
Major Partnerships Secured
 
Tokes is located in Las Vegas, where marijuana laws are some of the most lenient, and they have been hard at work building relationships and partnerships with the marijuana businesses in that area. Some of their partnerships are as follows:
 
Pisos: A dispensary in Vegas that is their first partner in their pilot program Herbology Tours: Tokes purchased a 10% ownership stake in this company. More on this in a minute. Cannabis Delivery Startup in California: Payment integration into their mobile app
 
Tokes purchased a 10% ownership stake in a Las Vegas cannabis tourism company and this has a couple of really cool benefits. First, it gives Tokes a foot in the door with a marijuana company where they can start integrating and testing their system. Second, it’s a great way to get their name out there and start spreading awareness. This will go a long way to help both consumer and business adoption. The last major benefit of this ownership stake is that they will get 10% of all of the revenue from Herbology Tours, which will be used to help grow Tokes. This revenue will also be used as a way to potentially buy and burn coins (more in the next section).
 
Revenue Used to Burn Coins
 
Tokes plans on getting into other aspects of the marijuana business and portions of this revenue will possibly be used to buy and then burn the coins, thus decreasing the supply. The revenue that they generate from their 10% ownership stake in Herbology Tours will also be used to burn coins. Im a big fan of coins that burn their own supply and the markets go crazy when this happens (See $TRIG and $DAR). It’s worth noting that they are planning on burning coins with revenue, but it is not 100% concrete yet.
 
Great Roadmap
 
Their roadmap extends all the way into Q4 of 2018, which is good to see. There are also a lot of good things to look forward to and a lot of catalyst that should help the price increase along the way. Check out the roadmap here
 

What I Don’t Like

The biggest issue I have with Tokes is their supply problem they have. Currently, there are only around 960k in circulation out of the total supply of 50 million (according to Coin Market Cap). The founders currently own the remaining ~40 million tokens. The good news is they are actively trying to solve this issue and release these tokens in a way that won’t hurt the price. One of the main ways they hope to remedy this situation is by putting all of the tokens in a smart contract and distributing it during a 3 year period. You can read more about their plans here.
 
I’m not a big fan of the current supply issues, but I think the founders are on the ball on this issue and will figure it our without too many problems. Investment Potential I really like the fact that Tokes solves a real issue by providing a store of value for cannabis businesses and allowing them to move away from cash only operations. This has so much value. Combine that with their current partnerships, pilot program and their upcoming roadmap and Tokes looks like a real good long term investment.
 
Where Tokes could really see their value skyrocket is after they get a foothold in Las Vegas and establish their name in the cannabis industry, they will be the first company other cannabis companies call once their states become legal. Like I mentioned before, this is a longer term play but could be huge in a few years time. In the short term, I think they could easily get to ~$25 million just based off of continuing to lock in partnerships, releasing their mobile app and solving their supply issues.
 

4. SmartCash (SMART): $2.5 Million Market Cap

Coming in at 4th on my list is SmartCash. SmartCash is a fork of Zcoin, but it has a some of the same features as Dash along with a few unqiue twists that makes this coin very undervalued. The coin itself was started less than 3 months ago, so the project itself is still very new.
 

Why I Like SmartCash

Any anon coins right now that haven’t pumped yet are of interest to me. It seems like everyday a new anon coin is pumping and the fact that SmartCash hasn’t yet is appealing. Not only has the coin not pumped yet, but it has a super small market cap and is a better coin than the majority of the other anon coins out there. Aside from it being an anon coin, the following reasons are why I like this project.
 
Insane Staking with SmartRewards
 
This is a major reason for this coin being in my top 5. They have a cool feature called SmartRewards which is a way for people that hold their coins in their wallet to get rewarded. The only requirements are that you must have at least 1000 coins and hold them for at least a month, starting on the 25th of each month. For example, you transfer 5,000 coins on September 16th then you would be rewarded on October 25th. Since this coin is so new, there has only been one completed round of payouts so far. During this first round each person eligible made 400% returns. Example, if you had 1,000 coins in there then you would have been paid 4,000 coins!
 
400% is insane and for this second round of payouts things are a little less extreme. At the time of writing this (halfway through the month) the current estimated payout is going to be 37%, still not bad at all! This numbers goes up as the month goes on and less addresses become eligible. The reason for the drop off is because there are more eligible addresses than the first round. These rewards are funded by taking 15% of all of the coins mined from each block and then on the 25th of each month are distributed to addresses that hold at least 1000 coins. Not only are the returns very good, but this is also a great strategy to lock up coins and keep the price from dropping too much. SmartRewards is a huge reason for me being in this coin and I think it will be very popular once more people find out about it.
 
Great Funding System
I’m a big fan of their funding system and how they split the block reward. Their funding structure is as follows:
 
 
Of the 80% allocated to the community, 70% of it goes to the community treasury and 30% of it goes to funding the team. I like the reversed model they have of paying the community the bulk of the rewards and the miners the least. I think this is a good way to get people involved and help grow the coin via community funded projects.
 
Governance System
With a large chunk of all coins mined going towards community treasury it gives the community a lot of coins to use on various proposals that will be voted on by the community. These proposals can be pretty much anything helping the coin grow and the community gets to determine if it is a good idea or not. Each vote is equal to 1 smart cash.
 
As of writing this, there have been 3 community proposals that have been funded. Those 3 include:
 
 
As the community gets larger, I’d expect the number and quality of proposals to improve and then we will really get to see the benefits of this funding system.
 
Instant Transactions via InstantPay
 
This is a feature that is going to be implemented in the near future and would allow for near instant transactions. This is crucial to have if you are trying to be a coin that is used for everyday purchases, which SmartCash is trying to do.
 
Not on any Major Exchanges
 
Currently, the exchange with the largest volume where you can buy SmartCash is Stocks.Exchange and Cryptopia. Whenever Bittrex or Poloniex get around to adding this coin there should be a nice pump. Now is the time to accumulate!
 

What I Don’t Like

I’m not a fan of coins with a large supply of coins and SmartCash has 5 billion coins as its max supply (451 million circulating). The idea behind having so many coins was to become the everyday coin that is used and its easier if people are paying in a small amounts. I get the idea behind it, but I would still prefer a coin with a smaller supply.
 

Investment Potential

This coin is still fairly new and a lot of people have still never heard of this coin. I think as more people become aware of SmartRewards and the insane monthly returns that people will start to flow into this coin. Couple that with things such as masternodes (coming soon), InstantPay, a functioning governance system, and anonymous transactions and you have a severely undervalued coin at $2.5 million. Short term potential for this coin is at least $10 million market cap, but $25 million within a few months is completely reasonable. This coin has all of the characteristics of coins that are worth hundreds of millions of dollars so I don’t plan on selling this coin for a while.
 

5. Crypto Bullion (CBX): $1.3 Million Market Cap

Last but not least we have Crypto Bullion, which currently has a market cap of $1.3 million. This coin was originally developed in 2013 but has seen recent improvements that have made it a great dark horse pick. This coin is a 100% proof of stake coin that was originally created as a way to store value with a yearly interest rate of 2%. as mentioned above, it has become way more than this with the new developments that are currently under way. Let’s take a look at why I like this coin.
 

Why I Like Crypto Bullion

Crypto Bullion will be having a hard fork before the end of the month where they will be implementing quite a few new features that I think takes this coin to the next level. Some of these features are as follows:
 
Masterbodes are Coming
 
Once the hard fork occurs, masternodes will be coming to CBX along with Zerocoin anonymity. Once the masternodes have been implented it will make CBX one of the cheapest masternode coins on the market. These masternodes will earn roughly 9% — 18% yearly plus any of the fees they make from transactions. It will cost 2,000 coins to run your own masternode, which is currently around $2,000.
 
Solid Roadmap
 
They have a very solid 2017 roadmap leading into 2018 and they are planning on releasing a 2018 roadmap once this one is completed. I would expect a lot of cool new features to be added on the next roadmap. See their roadmap here
 
New Wallet Being Released
 
They are currently putting the final touches on a new wallet and getting ready for the hardfork. All of this should be happening by the end of September.
 
Low Supply
 
As of right now, there are only around 1 million coins with a very low inflation rate of 2% per year. With staking, you would make around 6% per year in interest. This means the coins are rare and scarce.
 

What I Don’t Like

From what I have seen, the communication from the dev is subpar and you can be left in the dark at times. Also, even though they have some cool features in the pipeline, they aren’t really bringing anything new to the market.
 

Investment Potential

I think CBX has built itself a nice little niche with becoming a true store of wealth, unlike Bitcoin, and that fact alone should make it worth more than its current market cap. However, with the upcoming hardfork that will bring masternodes and a new wallet we should see a lot more investor interested in this coin. I’m holding this coin until at least a $10 million market cap and probably even longer depending on what kind of developments happen in the meantime.
 

Honorable Mentions

I’m not going to dive deep into any of these coins below, but they are worth mentioning.
 
 

Wrapping this Up

That is going to bring this article to an end. I hope you enjoyed reading and found a coin or two that might interest you. These 5 coins are all coins that I will be holding for nothing less than 10x each, probably even more. These are not your “safe investment” coins by a long stretch, but if you’re looking for some high risk/high reward coins then these might be of interest to you. I’d love to know what coins you are all fans of that I didn’t put on the list. Please share in the comments below. Thanks for reading and if you enjoyed this article please follow me on medium for more posts!
submitted by jshogren10 to CryptoCurrency [link] [comments]

September 21st Terracoin Update - Mandatory!!

MANDATORY UPGRADE OF THE TERRACOIN WALLET!
There is a mandatory upgrade of the Terracoin wallet in preparation for the hard fork on block 1087500 which will enable masternodes and decentralized governance.
Everyone must upgrade their wallet by block 1087500, which with current block timing is falling between the 29th and the 30th of this month!
We really need to get the word out to as many people as possible. So please post and talk to everyone you know.
This is a mandatory update which means if you continue to use the old wallet you will be on the wrong block chain and you won't be able to send or receive TRC from that wallet.
We also need to make sure that all of the mining pools (or whoever is throwing that crazy hash at TRC) have updated their wallets, otherwise the coins they mine will be worthless.
Always back up your wallet.dat file! Always back up your wallet.dat file!
Download the new wallets here: https://github.com/terracoin/terracoin
We will be using this repository going forward, but the old one has been updated as well.
The first time you run the binaries (or exes) it will create a new terracoincore folder. You can manually make it use your old terracoin app folder, but I recommend using the new folder. Stop (or close) the binaries and copy all of your files, except the peers.dat file over from the old folder into the new folder. That way you have an exact duplicate of your old data. (Except the peers.dat file, you will find .12.1.5 nodes faster without it, and you won't fully sync till you connect to a .12.1.5 masternode.)
Restart new binaries/exes.
It will say that it needs to reindex, so let it. Once it is done reindexing just sit back and wait for it to find .12.1.5 peers and masternodes. If it gives you an error saying network sync has failed, don't worry you just haven't gotten a .12.1.5 masternode yet. It will try again later.
If you are not sure how to do this please ask on one of the many forums. It is better to be safe then sorry!
I will be posting close to daily updates on which exchanges have updated their wallets and which haven't. If you see an exchange put the Terracoin wallet in maintenance that probably means they are upgrading it!
Hopefully we will have a Mac wallet out middle of next week.
In other news, the whale is now almost done with only ≈231,000 TRC left. He won't be around much longer. If you can get your TRC cheaper somewhere else then please do, but he has been consistantly selling to buy orders at .00003001 on Cryptopia. Once he is gone the price will most likely rise, so get it while you can!
Oh yeah, if you want you can set up your masternodes now, though you won't get rewards until the hard fork.
Numbers
30 days ago we were at 0.00001935 BTC (.0771 USD) and today we are at 0.00003010 BTC (.1098 USD).
A year ago we were at 0.00000442 BTC (.0026 USD).
We are ranked 321 on coinmarketcap with a market cap of $2,341,404 USD. Last week our market cap was $2,157,630 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Discord Invite
https://discord.gg/r3QVQRN
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/enQtMjQxNzU5NTY5NTIwLWJkNzIzOThhYzkyNGEyMDBmNjY2OWM2NmNhYzM0YjNmNzdlZWJkYjA3ZDgwYzkwMmMyYmM3OWNkMDQ2ZTIxYzk
Public Telegram Invite
https://t.me/terracoin
Newsletter Subscription
http://eepurl.com/cYRTwn
Youtube
https://www.youtube.com/channel/UCVt88faiKRWbMqaH_i6gXPA
submitted by clockuniverse to Terracoin [link] [comments]

September 7th Terracoin Update - Date

We have set a block, and date for the hard fork!
We will be hard forking on block 1,087,500 which is approximately September 29th. This hard fork block won't change unless the community finds something catastrophic in the code, which is highly unlikely.
This also means that the public testnet is ready for testing!
DO NOT TEST ON YOUR CURRENT TERRACOIN WALLET/WALLET FOLDER
Also, always back up your wallet.dat file before messing around. No joke. Back that file up!
The code is here: https://github.com/terracoin/terracoin and we have Windows EXEs available on the releases tab. You can open issues directly on github, or contact me on one of the many forums, etc.
We are excited to have the whole community jump in and help out, and like I said in a previous weekly update, we need everyone to be as critical as possible. A week from now I would like to start contacting mining pools, exchanges, etc and have them update their wallets in preparation for the hard fork.
If you need help compiling the code on Linux, or setting up a masternode feel free to ask. I have a feeling we are going to get swamped with questions, so please be patient as we work our day jobs, and sleep. I will also be posting a rough draft of my masternode/compile setup guide, so please give any input on it that you can.
Once you get your wallet all ready to go (remember to run it with the -testnet option) then post your tTerracoin address (fake Terracoin) and I can send you 5000 tTRC so you can set up a masternode. I know some people want to test out two at a time, so once the first wave is done I can send you another 5,000 tTRC. If you are done testing then please send the tTRC back to the address below so other people can get a chance to test too. Return tTRC address: mjirbjPj1AaMViNDntVMCA8W12QGzyNUJy
The testnet does allow two masternodes for one IP. This will not work once the hard fork happens.
(I know this is a long weekly update, but keep reading. We are on a new exchange and we have a Discord server set up.)
Last week I opened up the discussion about the cost of a proposal (5 TRC to put in a proposal), but I didn't really like the fact that the 5 Terracoin was destroyed once a proposal was accepted for vote.
The team agreed with me, and the proposal cost is now sent into the block chain as a block reward which will be split between the miners and the masternodes.
We are not sure if any other coin has done this before so we need this part tested with extreme critical thought.
There is one problem with this idea. A masternode owner can look up when they are going to get paid next, and then spam proposals for 2.5 Terracoin (since the know they will get the 2.5 reward).
In an effort to combat this we have decided to raise the proposal cost to 10 TRC, which is currently about a $1.40 per proposal.
If you feel passionate about the cost of a proposal fee, or about proposal fees getting destroyed/not destroyed feel free to post on any of the forums/social media below.
Thanks to Jacob Kerr for coming to the rescue and turning the DASH wallet Terracoin green for us!
Also thanks to the whole community! Everyone has been amazing and understanding while we have been working on this!
Other News
Alex_Under got Terracoin on Coinexchange.io! https://www.coinexchange.io/market/TRC/BTC
Peace has set up a Discord server, and here is the invite: https://discord.gg/r3QVQRN
I have started updating the Cryptopia forum, which can be found here: https://www.cryptopia.co.nz/Forum/Thread/815
C-Cex is saying they are going to delist Terracoin. I guess we don't have the volume that is required. According to their front news page Terracoin needs .2 Bitcoin volume a day, but after talking with their support we need .4 Bitcoin a day. This means we need 12 bitcoins worth of volume a month, which really isn't that much.
We have until the 20th to up our volume, if you want to help keep us listed there then please trade on there. If you just have Terracoin sitting on there make sure to get it to another exchange or a local wallet before then.
I am going to keep trading on there until around the 19th to see if we make it. I will keep everyone up to date on the situation.
Numbers
30 days ago we were at 0.00002920 BTC (.0987 USD) and today we are at 0.00003209 BTC (.1479 USD).
We are ranked 311 on coinmarketcap with a market cap of $3,139,664 USD. Last week our market cap was $2,985,813 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Fake tTRC Return Address
mjirbjPj1AaMViNDntVMCA8W12QGzyNUJy
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Discord Invite
https://discord.gg/r3QVQRN
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/MjI4NDQ2ODM0MDIxLTE1MDMwMTgwNzMtYmMzZmExZDIxNg
Public Telegram Invite
https://t.me/terracoin
Newsletter Subscription
http://eepurl.com/cYRTwn
Youtube
https://www.youtube.com/channel/UCVt88faiKRWbMqaH_i6gXPA
submitted by clockuniverse to Terracoin [link] [comments]

July 13th Terracoin Update - Proposals/Pump

I write the weekly updates usually a few days ahead of time, so this one has two parts because of the on going pump.
Pump
Over the past couple of days there has been a massive rise in the price of Terracoin (TRC) and it is continuing. We have gained a huge number of community members, and a lot of new ideas.
Check the numbers at the end of the weekly and make sure you get 10,000 TRC while it is still somewhat cheap so you can have a masternode!
Proposals
A lot of people have asked me about the first two proposals The Terracoin Foundation will be putting in once we have decentralized governance.
The first is a proposal to pay the team.
We want to keep attracting quality team members and we want to reward the team members who have already volunteered and worked so hard to get Terracoin where it is now.
We will be paying people depending on the amount of time spent working on Terracoin per month. This will include everyone who volunteers currently and future team members.
Obviously, everyone will have to be an official team member, and show proof of work. Sorry. I had to.
This first proposal will only last 6 months so that we can adjust pay up or down, or split off departments depending on the price of TRC.
The ledger of payment will be publicly available.
The second proposal we will put in is for TRC to sell for BTC to get on another exchange (most likely Bittrex).
Why are these the two most important?
We need to keep growing and rewarding the team so that we can innovate Terracoin even more in the future, and we need to keep expanding the base of people who has access to Terracoin.
That is it.
Innovate and grow.
Countdown
Reward halving ≈ 21 Days
Testnet = 2 Weeks
Hard fork = 10 Weeks
Numbers!!!
First off, we just broke our all time 5 year volume record! Our volume in the last 24 hours was $328,627 USD. The highest previous volume I could find was January 3rd 2014 at $223,699 USD. That was back when Terracoin was still listed on BTC-E and it was going for $.60 USD a piece.
30 days ago we were at 0.00001448 BTC (.0392 USD) and today we are at 0.00008337 BTC (.1956 USD).
We are ranked 208 on coinmarketcap with a market cap of $4,043,767 USD. Last week our market cap was $706,094 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/MjEzNDYxNDk2NDU0LTE0OTk5NzM4NzEtM2Q2MmQ0OWYzYQ
Public Telegram Invite
https://t.me/joinchat/F3LRkQpQ2VQkAphfchl9Mw
submitted by clockuniverse to Terracoin [link] [comments]

Terracoin (TRC) Announcements for the last 7 days

I will be bringing you upcoming events/announcements every 7 days. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

LAST 7 DAYS ANNOUNCEMENTS

 
Source: twitter.com @Terracoin_TRC
 
yesterday - May 29, 2018
We are excited to announce that #Terracoin has been added to the decentralized exchange Blocknet!… https://twitter.com/i/web/status/1001500515216207873
 
3 days ago - May 28, 2018
Just in case you missed it! Check out #Terracoin's new flipbook! It is the perfect thing to show to friends and fa… https://twitter.com/i/web/status/1000924402215665664
 
6 days ago - May 25, 2018
May 24th #Terracoin Update - Marketing! https://medium.com/@clockuniverse/may-24th-weekly-terracoin-update-marketing-75699295a8fb or https://steemit.com/bitcoin/@clockuniverse/may-24th-weekly-terracoin-update-marketing $TRC #masternodes #cryptocurrency
 
submitted by cryptocalbot to Terracoin [link] [comments]

Terracoin (TRC) Announcements for the last 7 days

I will be bringing you upcoming events/announcements every 7 days. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.
 

LAST 7 DAYS ANNOUNCEMENTS

 
Source: twitter.com @Terracoin_TRC
 
4 days ago - June 30, 2018
Get the word out to #exchanges and #miners that #Terracoin has released an updated wallet! 0.12.1.8 still works, bu… https://twitter.com/i/web/status/1012904800508235776
 
5 days ago - June 29, 2018
June 28th Weekly #Terracoin Update – Released! https://medium.com/@clockuniverse/june-28th-weekly-terracoin-update-released-abd761803e65 or https://steemit.com/bitcoin/@clockuniverse/june-28th-weekly-terracoin-update-released $TRC #TRC #masternodes #cryptocurrency
 
submitted by cryptocalbot to Terracoin [link] [comments]

September 14th Terracoin Update - Whaling/China

It is time to start whaling, and ignoring China.
As we get closer to the hard fork date (September 29th) many people wonder why the price hasn't risen though more and more people have been buying Terracoin for a masternode.
The reason behind this is that there is a very large holder of TRC on Cryptopia who will generally sell to buy orders at .00003001 btc, if the total amount of the sale is enough (meaning he ignores little numbers). He started with around 1,900,000 TRC and over the past couple of months we have whittled him down to ≈750,000.
We believe that he is one of the people who picked up a whole slew of different coins from the Cryptsy lawsuit.
What does this mean to you? It means we have 150 inexpensive masternodes for sale! Once those are gone the price will probably rise, so get them while they are cheap!
You could probably also make some money off of arbitage, which would also help spread the inexpensive masternodes around!
I guess I have to write about China.
The recent news from China has caused a massive drop in the price of Bitcoin, though Terracoin has remained pretty much uneffected.*
All this has done is prioritize The Terracoin Foundation's goal of getting on a decentralized exchange (or creating our own in the far future.) With a decentralized exchange no country can arbitrarily mess with a cryptocoin.
To summarize (tldr), lets take care of this whale, and ignore China.
Thanks again to our community! Everyone is awesome, and if you want to join our community check out some of the links below. I try to be as available as possible.
Terracoin is dedicated to helping the world while becoming a replacement for fiat currencies.
Numbers
30 days ago we were at 0.00001886 BTC (.0823 USD) and today we are at 0.00003027 BTC (.1014 USD).
A year ago we were at 0.00000503 BTC (.0030 USD).
We are ranked 312 on coinmarketcap with a market cap of $2,157,630 USD. Last week our market cap was $3,139,664 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Discord Invite
https://discord.gg/r3QVQRN
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/MjI4NDQ2ODM0MDIxLTE1MDMwMTgwNzMtYmMzZmExZDIxNg
Public Telegram Invite
https://t.me/terracoin
Newsletter Subscription
http://eepurl.com/cYRTwn
Youtube
https://www.youtube.com/channel/UCVt88faiKRWbMqaH_i6gXPA
*If the BTC/USD price falls then the USD price of TRC also falls (along with all other coins), but if you look at BTC/TRC is show that the value of BTC/TRC hasn't really changed. What this means is that people who hold TRC are not panic selling TRC to cash out BTC.
submitted by clockuniverse to Terracoin [link] [comments]

September 28th Terracoin Update - Countdown!

We are counting down to the hard fork which will happen in approximately 42 hours!!
If you are wondering why the date or time seems to flucutate that is because when we calculate the date we use the block time of two minutes. In reality, blocks aren't generated every two minutes but when a block is solved. This usually averages out to around 2 minutes but lately it has taken a little bit longer, which is why the time keeps changing.
As we get closer you can calculate a rough guess yourself. Take 1,0875,000 (the hard fork block) and subtract the current block. This can be found on a block explorer such as https://bchain.info/trc/ or in your wallets on the information tab. Then divide that number by 30 which is the number of blocks an hour.
For example: 1087500-1086238=1262. 1262/30≈42 hours.
Join us in our countdown!
In other news Cryptopia has put their wallet in maintenance to upgrade for the hard fork!
I am regularly checking on the other exchanges to make sure things are happening.
I will update as I get info.
This is an exciting time for Terracoin so please join our forums and social media to be there for the hard fork!
Thanks and sorry this weekly update is late. I am a little behind today, kind of like the blockchain.
Also there are already over 200 masternodes online!
If you haven't updated your wallet to 12.1.5 please do before the hard fork!
Numbers
30 days ago we were at 0.00002435 BTC (.1069 USD) and today we are at 0.00005160 BTC (.2102 USD).
A year ago we were at 0.00000400 BTC (.0024 USD).
We are ranked 287 on coinmarketcap with a market cap of $4,492,054 USD. Last week our market cap was $2,445,562 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Discord Invite
https://discord.gg/r3QVQRN
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/enQtMjQxNzU5NTY5NTIwLWJkNzIzOThhYzkyNGEyMDBmNjY2OWM2NmNhYzM0YjNmNzdlZWJkYjA3ZDgwYzkwMmMyYmM3OWNkMDQ2ZTIxYzk
Public Telegram Invite
https://t.me/terracoin
Newsletter Subscription
http://eepurl.com/cYRTwn
Youtube
https://www.youtube.com/channel/UCVt88faiKRWbMqaH_i6gXPA
submitted by clockuniverse to Terracoin [link] [comments]

Bitex.cc trading platform launched! Comes from beta to stable!

https://bitex.cc
What sets us apart from the competition?
  1. Complete openness. Exchange accompanied by ABD Alliance LLC, New York, USA. Bitex plans to publish monthly profit and loss reports for all to view. This information will be important to all users and shareholders (see “crowdfunding” below). Access to balance information will be provided to all traders, ensuring transparency on the solvency of the market.
  2. Correct ideology. Cryptocurrencies, and their comparison with "fiat" currencies, is erroneous. Cryptocurrency is an analogue of securities traded on the stock exchanges, both in terms of emission and in technical and financial analysis. We offered the concept of "bitex index" for investors.
  3. Bitex Index https://bitex.cc/bitex-index This rating allows investors and traders to have a reference point. Bitex index is calculated based on many parameters - technical, financial and social (To get the index for a new or existing fork - please, contact us via https://bitex.cc/support)
  4. Professional approach to security. We have learned from our competitors challenges, and have created a safe experience for our users.
  5. Crowdfunding The JOBS Act has enabled the use of crowdfunding), (https://en.wikipedia.org/wiki/Jumpstart_Our_Business_Startups_Act) which is distributed under 100,000 shares. We plan to pay dividends. Also, crowdfunding participants receive additional benefits (reduced commission, the right of initiative to propose new forks). Read more here: https://bitex.cc/crowdfunding
Now the parameters of the exchange: Bidding is currently implemented in pairs: Bitcoin, Litecoin, Dogecoin, Peercoin, Primecoin, Vertcoin, Darkcoin, Terracoin, Stockcoin, BitLionCoin Standard fee for transactions - 0.2%. Currently, some pairs are free - 0%.
We have BTC/USD, LTC/USD, PPC/USD and more markets!
USD Deposits - via bank transfer. Unfortunately for this market, there are problems of which we are all aware. So for all other deposit's method - manually via a support, but can be accept any method, even webmoney, etc. To do this, simply create a ticket in the tech support section. The time for transfer - from 10 minutes to 24 hours, depending on the time and payment system.
After registration you will receive 10 STC to your account (http://stockcoin.cc/) another sh*t fork Wink
Feel free to create tickets in support section with any your ideas or wishes. Welcome! Visit us on https://bitex.cc. Follow us on Twitter - https://twitter.com/BitexMarket
submitted by bbpool to BitcoinMarkets [link] [comments]

Altcoins.com only a small list of the 200 alt. currencies online

Altcoins AltCoins.com is a list of Bitcoin alternatives
Find out more about alternate cryptocurrencies, real alternatives to Bitcoin. This site contains useful information about every alt coin such as client download locations, mining guide, exchange info and more. Use this site to get familiar with live bitcoin alternatives. Use alt coins, mine and exchange them. Keep the alternate chains alive. SHA-256 alternate cryptocurrencies
Altcoins using SHA-256, the same hashing algorithm as Bitcoin.
NMC – Namecoin PPC – Peercoin DVC – Devcoin TRC – Terracoin BTE – Bytecoin IXC – Ixcoin I0C – I0coin FRC – Freicoin ASC -AsicCoin DEM – Deutsche eMark PT – Platinum Coin BLC – Blakecoin 
Scrypt alternate cryptocurrencies
Altcoins using scrypt algorithm
LTC – Litecoin NVC – Novacoin FTC – FeatherCoin WDC – WorldCoin ELC – Elacoin DGC – DigitalCoin CGB – Cryptogenic Bullion MNC – MinCoin BBQ – BBQcoin TAG – Tagcoin MMC – Memorycoin 2.0 BTCs/BTC2 – Bitcoin Scrypt KRN – Ekrona PND/PAND/PANDA – PandaCoins 
Alternate cryptocurrencies can be mined using the same hardware as for mining Bitcoins (mostly SHA-256 alt coins). While bitcoin mining is going to use FPGA and ASIC devices, scrypt based alt coins can be mined using GPU cards. Hybrid and CPU alternate cryptocurrencies
Alt coins using other, innovative hashing algorithms
XPM – Primecoin QRK – Quark SRC – Securecoin Nxt – Next YAC – Yacoin SKN – Skeincoin PTS – Protoshares DRK – DarkCoin Curecoin OFF – Offerings to Cthulhu MED – MediterraneanCoin HTC – Huitongbi PGC – Pangucoin 
If you don’t have a GPU or ASIC hardware you can still mine some of the CPU-only altcoins.
CEX.io Recent Posts CGB – Cryptogenic Bullion DGC – Digitalcoin Panda altcoins – PAND – PND – PANDA Pandacoin [PAND] – “The original scrypt Pandacoin” The Panda Coin [PND] – No premine scrypt PoW The Panda Coin [PANDA] – scrypt, 3% premine Elacoin [ELC] – Fair Elastic Scrypt PoW Feathercoin [FTC] Platinum Coin [PT] SHA-256 WorldCoin [WDC] – Coin Of The Future Categories Alternate cryptocurrencies ASC – AsicCoin BLC – Blakecoin BTC2 – Bitcoin Scrypt BTE – Bytecoin CGB – Cryptogenic Bullion CRC – Curecoin DEM – Deutsche eMark DGC – Digitalcoin DRK – DarkCoin DVC – Devcoin ELC – Elacoin FRC – Freicoin FTC – FeatherCoin HTC – Huitongbi I0C – i0coin IXC – Ixcoin KING – Kingcoin KRN – Ekrona MAX – MaxCoin MED – MediterraneanCoin MMC – Memorycoin 2.0 NMC – Namecoin NVC – Novacoin Nxt OFF – Offerings to Cthulhu PAND – Pandacoin PANDA – Pandacoin PGC – Pangu PND – Pandacoin PPC – Peercoin PT – Platinum Coin PTS – Protoshares QRK – Quark SKC – Skeincoin SRC – Securecoin TAG – Tagcoin TRC – Terracoin WDC – WorldCoin XPM – Primecoin YAC – Yacoin 
submitted by coinpay to altcoin [link] [comments]

1st BTC/Altcoin Mining Guide, Feedback Welcome!

When I decided to write this guide, I was throwing cryptocurrencies around like they were nothing. I was foolish in the fact that I disregarded the exchange fees that are attached with the services that those exchanges provided. I'm in by no means a cryptocurrency genius, and I'm still not extremely seasoned at it, but I've learned enough about cryptocurrencies in the past month that I feel confident to pass on the knowledge I have learned and to help those who are overwhelmed on where to start.
So what exactly is a cryptocurrency? According to technopedia (n.d.) a Cryptocurrency is a type of digital currency that is based on cryptography. Cryptocurrency uses cryptography for security, making it difficult to counterfeit. Public and private keys are often used to transfer the currency from one person to another.
When mining cryptocurrencies, one important concept needs to be established, and that's hash rate. Hash rate is simply a unit of measurement of processing power. The more your hash rate is, the more profitable mining becomes.
This guide uses specific sites and software, chosen by myself, as a great springboard into the cryptocurrency world. These sites and software are extremely flexible, easy to use, and integrate very well together. The mining pools I've chosen are multiple currency pools, designed to consolidate a major of the cryptocurrencies together, and instead of using several mining pools, you use three.
These are the things you'll need to get started: MultiMiner
Accounts at Coinotron, The Mining Pool Co., and BitMinter
Accounts at Cryptsy and Coinbase
There are a few different ways to mine for cryptocurrencies, the common of which are using your Central Processing Unit (CPU), Graphics Processing Unit (GPU), and Application Specific Integrated Circuit (ASIC) devices. CPU based mining is not profitable any longer, and will cost you money in the end by increasing electricity costs. GPU based mining is still popular, but losing steam against ASIC based mining. If you choose to use your GPU for mining, AMD/ATI based graphics cards (especially the Radeon HD 79xx series of cards), are the most efficient. If you have an nVidia based graphics card, I'm sorry. You can still mine on nVidia cards, but your hash rates are going to be much slower when compared to their AMD/ATI counterparts. If you chose to use GPU mining, Black Friday or Cyber Monday are you best bets for upgrading your equipment. ASIC based mining is quickly losing value with the changing difficulty on all networks, but it's the most cost effective way to increase your hash rate, and see a positive return on any equipment purchases. If my math is correct, using the methods in this guide, in order for any ASIC device to yield a positive cash flow, you've got to get a device that has at least a 5Gh/s rate (such as the Butterfly Labs Jalapeno).
Now for the fun part, explaining how everything in this well greased machine is going to work. Patience plays a big part in the cryptocurrency world, and when I first started, I had none. I was so eager to see the amount of Bitcoin go up, regardless of how much I was getting penalized in fees from trading. So, that's the first step on your journey. PATIENCE. I CANNOT emphasize this enough. Sometimes, you've just got to hurry up and wait, the effects of waiting things out on the cryptocurrency market WILL PAY OFF.
Step one of this machine is signing up for all three pools (BitMinter, Coinotron, and Mining Pool Co.). This is so that you can actually get server addresses to plug into MultiMiner, after signing up for these services though, you've still got a ways to go.
Step two is sign up for Cryptsy. I chose Cryptsy because of the features they're going to offer at a later time, as well as support for 60 cryptocurrencies (which covers all but one of which we can mine). When your Cryptsy account is setup, you will need to go into the Balances portion of Cryptsy, and find all of the currencies in which you will be mining from the pools. Once Balances are loaded up, you will need to click on the Actions button next to the currency, and click Deposit / Autosell, and then Generate Address. There's a small clipboard near the address it generated, and that will copy the address for pasting in the mining pool websites. You will want to copy, and paste all of them to a text document, along with which currency it belongs to. Not only does this keep you from juggling back and forth trying to figure out things, but it helps for reference and setting up MultiMiner.
Once you have those accounts setup, you'll want to sign up for Coinbase. A WORD OF WARNING FOR THOSE WHO ARE PARANOID... Coinbase will want to link to a bank account, this is mandatory if you want to trade your currencies for cash. If you want to trade currencies, just for the sake of trading, then you can skip Coinbase altogether. You can transfer your Bitcoins from Cryptsy straight into Coinbase, and then sell the Bitcoins from Coinbase, and straight into your designated bank account.
MultiMiner, oh how amazing you are. For every cryptocurrency available in all pools, you will need to add these coins, along with server addresses, log-ins and passwords. To do so, click on the drop down next to the Settings button, and click Coins. From there, click on Add Coin, and choose each coin from a pool. This will list it in the box to the left, and give you the ability to add information on the right. You can add multiple servers as well, in case the current server you're mining on goes down. After all your coins are setup, you'll need to setup your Strategies. Click the drop down next to Settings, and chose Strategies. Check the Enable Strategies check box, choosing Straight Profitability from the drop down, and checking the Strategy every five minutes (that way you're not losing money by mining something that has dropped in price). This aggressive price checking makes it to where you're always on top with whatever you're mining. Also make sure you have Mine the Single Most Profitable Coin selected. Stick with CoinChoose as your price source (under Settings), as CoinWarz charges for there services beyond a certain point. Click Start, and take a vacation.
Reading the charts on Cryptsy can be a little tricky, and scary if you've never saw those types of graphs before. Those graphs are called Candlestick Charts, and are used primarily in the stock market. I won't go in to great detail on this, however, you can find a nice cheat sheet on the subject here.
I hope everyone enjoyed the guide, sorry for being punctual and brief, but there isn't anything too elaborate of complicated about searching for cryptocurrencies. I love mining as a hobby, mining's fun, and if there is any money to be made off of mining from my end, great, if not, I had fun mining.
While compiling a spreadsheet of the minable currencies in this guide, if everything is set up correctly (and assuming servers aren't down), you should be able to mine the following:
And while Mining Pool Co. offers ASICcoin and Unobtainium, ASICcoin isn't supported in MultiMiner, and Unobtanium isn't supported in Cryptsy. I still mine for Unobtanium in hopes that Cryptsy will include it one day.
References
Cryptocurrency. (n.d.). In technopedia. Retrieved from http://www.technopedia.com/
submitted by ford0415 to BitcoinMining [link] [comments]

Ask everyone you shop with to accept Litecoins!

I just posted another topic about this focusing on online vendors, but I want to reiterate that we really need you asking EVERYONE you want something from to accept your Litecoins.
If they know about Bitcoins, be sure to relate Litecoins to Bitcoins and talk about how Litecoins are designed to be more practical for smaller and faster transactions than Bitcoins. Litecoins are particularly great for the quick $1 - 500 transactions that are most common in day to day life, whereas Bitcoins are better geared to larger transactions where you don't mind waiting longer and paying larger fees to be sure they've gone through successfully.
If they know about mining, talk about how Litecoins are great because they will be able to take advantage of hardware which will no longer be efficient for Bitcoin mining as ASICs take over the Bitcoin network in the next few months. Tell them how anyone who can buy a graphics card for their computer can mine Litecoins efficiently thanks to the ASIC-protective scrypt algorithm and how that will give more freedom to people in oppressive regimes like Venezuela by giving them a legal and discrete means of acquiring an internationally tradable currency.
If they have concerns about chain forks on Bitcoin taking down the network temporarily, talk about how Litecoin is the best fit as a backup chain to provide less risk to everyone of markets coming to a halt when a bug affects one of the networks. Tell them this is because it's as fair as Bitcoin and can be mined with hardware that's no longer useful for Bitcoin mining.
If they know about other chains (PPcoin, Terracoin, Novacoin, etc.) tell them how they all have fatal flaws (they would all cannibalize hardware that could be used to mine Bitcoins, for instance). Tell them how most are created by unethical developers (Novacoin and PPcoin were created such that an absurd number of coins were generated in the first week and very few are now... basically a premine, and Novacoin was even worse by actually premining coins and using them as a bribe in order to be accepted on the BTC-e exchange). Litecoin on the other hand was created in an ethical way with no premining, no serious deviations from the Bitcoin philosophy, and in a way that allows it to coexist with a purpose alongside Bitcoin. Litecoin's creator was even invited to speak at this year's Bitcoin conference and is well respected among the Bitcoin community.
If they aren't familiar with Bitcoin, tell them about how Bitcoin and Litecoin are based on the same technology which allows a limited money supply and secure transactions and wallets without having to rely on banks. Tell them that they are the product of some of the world's greatest cryptography and networking geeks and are basically the internet of money; they are how everyone will do trade in a decade and they protect the whole world from the capricious instability of central banks. Tell them that since the money supply is forever strictly limited, early adopters will be rewarded if they keep their savings in Bitcoins and Litecoins.
If they still only want their normal currency, tell them that it's easy to exchange Litecoins for national currencies with low fees (generally 1% or the cost of a wire transfer) and that Litecoins will still give them better protection from fraud because Litecoin transactions are quickly confirmed and irreversible.
If they really want to know more, give them this link: http://redd.it/1bbfdc
We need places to spend our coins and vendors stand to gain a lot from supporting Litecoins. At this early stage, every new vendor will be big news in the Litecoin community, so tell them that they should expect free publicity from accepting Litecoins too. So please, tell everyone you want to buy anything from that you want to pay in Litecoins!
submitted by Normif to litecoin [link] [comments]

Maxcoin Fundamentals -- Concept of Difficulty, Difficulty Retargeting & The Kimoto Gravity Well

Dear friends.
Below a full article that explains what the Kimoto Gravity Well is and the mathematics involved.
TL;DR -- "Difficulty is a measure of how difficult it is to find a new block compared to the easiest it can ever be. Originally its calculated by averaging the time it took to mine blocks during a 2 week period. Due to the influx of ASIC miners and "pool-hopping", mining difficulty can fluctuate dangerously killing or seriously harming the coin (It happened to Terracoin, Frathercoin, Megacoin and Anoncoin). KWG means that difficulty is adjusted after every single block that is mined on the network. It also determines the number of blocks which contribute to the evaluation of the new difficulty. It gives fewer blocks for high hashrate changes and is therefore more adaptive."
What Is a Mining Difficulty Readjustment Algorithm, Anyway?
To understand what the Gravity Well algorithm is and what it does, you first need to understand what a "mining difficulty readjustment algorithm" is and why is it important for all current cryptocurrencies based off of the original Bitcoin source code. First, let's pull a few important definitions from the Bitcoin wiki:
Difficulty
Difficulty is a measure of how difficult it is to find a new block compared to the easiest it can ever be.
Difficulty Readjustment (for Bitcoin)
The difficulty is adjusted every 2016 blocks based on the time it took to find the previous 2016 blocks. At the desired rate of one block each 10 minutes, 2016 blocks would take exactly two weeks to find. If the previous 2016 blocks took more than two weeks to find, the difficulty is reduced. If they took less than two weeks, the difficulty is increased. The change in difficulty is in proportion to the amount of time over or under two weeks the previous 2016 blocks took to find.
So basically, the "difficulty" of a coin determines how hard it is for miners to find and mint blocks of that coin. The more miners there are mining a coin, the faster blocks will be found and at the end of this difficulty readjustment period (approximately every two weeks for Bitcoin), the difficulty will change accordingly so that the number of coins minted will follow the intended distribution curve. This has worked well for Bitcoin (so far) because of it's extremely slow adoption rate in the early days and now because of the sheer number of miners on the network. However, this method of difficulty readjustment is flawed for new altcoins entering the market today for a number of reasons which I will discuss below.
The History of the Gravity Well Mining Difficulty Readjustment Algorithm
When some alternative crypto's like Megacoin were first launched, they used a more traditional difficulty readjustment algorithm based off of Bitcoin's original proposal. In the case of Megacoin, the difficulty was set to retarget every 22.5 minutes based on the same algorithm as Bitcoin, however, the developers later modified the source code to implement Kimoto Gravity retargetting because, by this time, some SHA-256 coins had already felt the pain of difficulty readjustment problems due to the influx of ASIC miners and an activity known as "pool-hopping".
If you are familiar with cryptocurrency mining at all, you may already know that in most cases, solo mining is usually impossible without extremely powerful hardware due to the large number of people now aware of cryptocurrencies and willing to mine for them. Most miners mine through pools, which provide proportional payouts of coins based on the amount of hashing power you provide to the network. This mitigates some of the risk of mining in that you receive a steady stream of coins based on your network hashing rate, so even small-time miners can still earn their share of the pie. However, as pool mining became more popular and more altcoins arrived on the market, services known as "multipools" began to appear. These were special pools that allowed miners to automatically switch to the "most profitable" coin to mine based on the current exchange rates. However, these new multipools introduced some new problems to the cryptocurrency landscape, one of those being major difficulty readjustment woes.
As some altcoins began to rise in price several months after its inception, it started to become a target for these multipools. What happens when this occurs is that suddenly the You-Name-It-Coin network gets barraged by an influx of new (and very powerful) miners. This causes the block confirmation time to plummet and subsequently causes the difficulty to skyrocket at the next difficulty readjustment. When this occurs, the mining profitability also drops due to the higher difficulty which then in turn causes all of the multipool miners to leave the network in search of the next most profitable coin. What remains is an extremely high difficulty and only the "core" group of a certain altocin's miners left to deal with the aftermath. In extreme cases, the difficulty may be so high in proportion to the number of miners left that the entire network grinds to a halt. This has happened in the past to Terracoin and Feathercoin, among others. The only solution if this occurs is to hard fork the coin in an attempt to readjust the difficulty (or change the difficulty readjustment algorithm) or simply grind out the mining at an extremely slow pace (during which time the coin is basically unusable) until enough blocks are found to make it to the next difficulty readjustment. The more blocks required until the next difficulty readjustment, the longer this period of unusability will be, and in some cases could mean the death of the coin completely unless drastic measures are taken.
When this happened to Megacoin for example, Kimoto decided to come up with a better way to perform difficulty readjustment, and the result is the Kimoto Gravity Well (which is now also used as the difficulty readjustment algorithm for Megacoin, Maxcoin, Anoncoin among others).
Gravity Well: Explained
Now that you know how the Gravity Well came to be, let's take a look at what exactly it does and how it works. At the most basic level, Kimoto has changed how difficulty readjustment works so that the difficulty is adjusted after every single block that is mined on the network.
The formula for the Kimoto Gravity Well (KGW) is the following
KGW = 1 + (0.7084 * (PastBlocksMass/144)-1.228)
The goal is to have a more adaptive way of adjusting the difficulty instead of just averaging the last 2016 blocks like bitcoin. This is needed because of multipools which might switch the coin they are mining, and a sudden change in hashrate can occur (both increasing or decreasing). Especially when a multipool switches away you get stuck too long with a too high difficulty.
The algo loops backwards through the blocks, starting from the current one. The PastBlocksMass is just the number of blocks, so it starts at one and increases in each loop.
In each loop an adjustment factor is computed, which is the target block time divided by the actual block time, in a cumulative fashion, so at loop 10 we would have the 25 minutes target time divided by the time it actually took to compute the last ten blocks. When the hashrate increases, we get shorter times and an adjustment factor greater than one and vice versa.
The loop ends whenever the average adjustment factor is larger than the kimoto-value, or smaller than 1/kimoto-value.
Summary: the Kimoto gravity well algo has a fancy name and determines the number of blocks which contribute to the evaluation of the new difficulty. It gives fewer blocks for high hashrate changes and is therefore more adaptive.
More details on the math's involved and a practical example can be found here :: https://bitcoin.stackexchange.com/questions/21730/how-does-the-kimoto-gravity-well-regulate-difficulty
NOTE:: The two original post that inspired this article were focused solely on Megacoin. I made some small modifications to them so the post can be applied to any cryptocurrency on the market. Below the references.
Original Post 1 (History & Background) --- https://forum.megacoin.co.nz/index.php?topic=893.0
Oroginal Post 2 (Mathematics & practical example) -- https://bitcoin.stackexchange.com/questions/21730/how-does-the-kimoto-gravity-well-regulate-difficulty
Original Release note of the Kimoto Gravity Well -- https://bitcointalk.org/index.php?topic=240861.msg3040291#msg3040291
We have to know very well the fundamentals of what we love.
Have a great day
submitted by lapsaroundthesun to maxcoin [link] [comments]

Megacoins explanation of Kimoto Gravity Well

The Newbie's Guide to the Kimoto Gravity Well
Many of you may have heard of Kimoto's Gravity Well and that it is supposedly a major part of what makes Megacoin unique from other cryptocurrencies. However, many of you may also not know what exactly it is and what makes it so special. If that is the case, then this guide is for you.
What Is a Mining Difficulty Readjustment Algorithm, Anyway? To understand what the Gravity Well algorithm is and what it does, you first need to understand what a "mining difficulty readjustment algorithm" is and why is it important for all current cryptocurrencies based off of the original Bitcoin source code. First, let's pull a few important definitions from the Bitcoin wiki:
Difficulty Difficulty is a measure of how difficult it is to find a new block compared to the easiest it can ever be.
Difficulty Readjustment (for Bitcoin) The difficulty is adjusted every 2016 blocks based on the time it took to find the previous 2016 blocks. At the desired rate of one block each 10 minutes, 2016 blocks would take exactly two weeks to find. If the previous 2016 blocks took more than two weeks to find, the difficulty is reduced. If they took less than two weeks, the difficulty is increased. The change in difficulty is in proportion to the amount of time over or under two weeks the previous 2016 blocks took to find.
So basically, the "difficulty" of a coin determines how hard it is for miners to find and mint blocks of that coin. The more miners there are mining a coin, the faster blocks will be found and at the end of this difficulty readjustment period (approximately every two weeks for Bitcoin), the difficulty will change accordingly so that the number of coins minted will follow the intended distribution curve. This has worked well for Bitcoin (so far) because of it's extremely slow adoption rate in the early days and now because of the sheer number of miners on the network. However, this method of difficulty readjustment is flawed for new altcoins entering the market today for a number of reasons which I will discuss below.
The History of the Gravity Well Mining Difficulty Readjustment Algorithm When Megacoin first launched, it used a more traditional difficulty readjustment algorithm based off of Bitcoin's original proposal. (Author's note: I have forgotten what the original implementation was for Megacoin, but if anyone knows the details please let me know so I can put that here for perspective and history's sake.) By this time, some SHA-256 coins had already felt the pain of difficulty readjustment problems due to the influx of ASIC miners and an activity known as "pool-hopping".
If you are familiar with cryptocurrency mining at all, you may already know that in most cases, solo mining is usually impossible without extremely powerful hardware due to the large number of people now aware of cryptocurrencies and willing to mine for them. Most miners mine through pools, which provide proportional payouts of coins based on the amount of hashing power you provide to the network. This mitigates some of the risk of mining in that you receive a steady stream of coins based on your network hashing rate, so even small-time miners can still earn their share of the pie. However, as pool mining became more popular and more altcoins arrived on the market, services known as "multipools" began to appear. These were special pools that allowed miners to automatically switch to the "most profitable" coin to mine based on the current exchange rates. However, these new multipools introduced some new problems to the cryptocurrency landscape, one of those being major difficulty readjustment woes.
As Megacoin began to rise in price several months after its inception, it started to become a target for these multipools. What happens when this occurs is that suddenly the Megacoin network gets barraged by an influx of new (and very powerful) miners. This causes the block confirmation time to plummet and subsequently causes the difficulty to skyrocket at the next difficulty readjustment. When this occurs, the mining profitability also drops due to the higher difficulty which then in turn causes all of the multipool miners to leave the network in search of the next most profitable coin. What remains is an extremely high difficulty and only the "core" group of Megacoin miners left to deal with the aftermath. In extreme cases, the difficulty may be so high in proportion to the number of miners left that the entire network grinds to a halt. This has happened in the past to Terracoin and Feathercoin, among others. The only solution if this occurs is to hard fork the coin in an attempt to readjust the difficulty (or change the difficulty readjustment algorithm) or simply grind out the mining at an extremely slow pace (during which time the coin is basically unusable) until enough blocks are found to make it to the next difficulty readjustment. The more blocks required until the next difficulty readjustment, the longer this period of unusability will be, and in some cases could mean the death of the coin completely unless drastic measures are taken.
When this happened to Megacoin, Kimoto decided to come up with a better way to perform difficulty readjustment, and the result is the Kimoto Gravity Well (which is now also used as the difficulty readjustment algorithm for Anoncoin as well after it met a similar fate as that described above). And thus, we have the Megacoin we know and love today. Next I will discuss what exactly the Gravity Well does and how it works to keep mining stable and fair for all Megacoin miners and users.
Gravity Well: Explained Now that you know how the Gravity Well came to be, let's take a look at what exactly it does and how it works. At the most basic level, Kimoto has changed how difficulty readjustment works so that the difficulty is adjusted after every single block that is mined on the network. I'm not 100% sure about the exact mathematics behind the calculations, but so far since its introduction on the network the difficulty has adjusted smoothly and flawlessly no matter how many miners there are on the network and even throughout the huge price (and subsequent mining hash rate) increase we have seen over the past couple of weeks. This keeps mining fair and secure for all miners and users of the coin, and prevents the rampant multipool abuse that was (and still is) common with most all other altcoins out on the market today. This is even more important to consider when one day ASIC miners are developed for Scrypt coins and a small number of miners will suddenly have access to extremely powerful mining hardware. If and when this occurs, a malicious (or simply greedy) miner can simply point his or her ASIC miner at any Scrypt-based coin and cripple it because of the extreme difficulty fluctuation this will cause. (This is actually what happened with Terracoin after SHA-256 ASICS began to flood the market.) Megacoin, however, will be safe from this type of malicious mining behavior due to the smooth difficulty readjustment that Kimoto's Gravity Well provides.
Hopefully this will act as a guide for new investors to Megacoin who may have heard about Gravity Well but are not quite sure what it means or what it even is. If any of you have anything else to add to this, please post! Information is power. :)
submitted by RangerHammond to bunnyshibes [link] [comments]

January 24th Weekly Terracoin Update Versacoins Bitcoin Exchange Versa Ethereum Mining Company Bitcoin Mining & Brokerage VSC Litecoin: Which Exchange To Use Brief Overview of Terracoin's Decentralized Governance Terracoin guide (part 1): Setup the wallet

Terracoin was one of the early forks of Bitcoin, and since its creation developed features such as: Two-tier network with incentivized nodes and decentralized governance (Masternodes), Instant payments (InstantSend), optional privacy (PrivateSend), Dark Gravity Wave v3 difficulty adjustment, SHA256d algorithm with AuxPoW merge mining, multitude Investors seeking to trade Terracoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terracoin using one of the exchanges listed above. TerraCoin is a digital currency with a 2012 dated Blockchain. It has come to market in 2012. This cryptocurrency is almost similar to BitCoin but this coin offers faster transaction. This digital coin also offers enhanced security by the leverage of Dark Gravity Wave difficulty recalculation and merged mining. Terracoin price today is $0.05953135 with a 24-hour trading volume of $85.18. TRC price is down -8.6% in the last 24 hours. It has a circulating supply of 23 Million coins and a max supply of 42 Million coins. 1 Terracoin is 0.000007 Bitcoin. So, you've converted 1 Terracoin to 0.000007 Bitcoin . We used 150346 International Currency Exchange Rate.

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January 24th Weekly Terracoin Update

In this video I got through some of the most popular exchanges for Litecoin. There are a couple of exchanges for people in the US. More videos are coming up! Remember to SHARE and LIKE ... Bitcoin 101 - Intro to Paper Wallets & Cold Storage - Bitcoin Security & Fun with Sloppy Wallets - Duration: 26:57. CRI 113,280 views Clickbank For Beginners: How To Make Money on Clickbank for Free (Step By Step 2020) - Duration: 22:47. Santrel Media Recommended for you December 13th Weekly Terracoin Update This is a weekly video compliment to our weekly blog about the current state of Terracoin. CENTRALIZED EXCHANGES Coinexchange https://www.coinexchange.io ... Versacoins Bitcoin Exchange Versa Ethereum Mining Company Bitcoin Mining & Brokerage VSC GMAX Broadcast Network. Loading... Unsubscribe from GMAX Broadcast Network? Cancel ...

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