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An extensive guide for cashing out bitcoin and cryptocurrencies into private banks

Hey guys.
Merry Xmas !
I am coming back to you with a follow up post, as I have helped many people cash out this year and I have streamlined the process. After my original post, I received many requests to be more specific and provide more details. I thought that after the amazing rally we have been attending over the last few months, and the volatility of the last few days, it would be interesting to revisit more extensively.
The attitude of banks around crypto is changing slowly, but it is still a tough stance. For the first partial cash out I operated around a year ago for a client, it took me months to find a bank. They wouldn’t want to even consider the case and we had to knock at each and every door. Despite all my contacts it was very difficult back in the days. This has changed now, and banks have started to open their doors, but there is a process, a set of best practices and codes one has to follow.
I often get requests from crypto guys who are very privacy-oriented, and it takes me months to have them understand that I am bound by Swiss law on banking secrecy, and I am their ally in this onboarding process. It’s funny how I have to convince people that banks are legit, while on the other side, banks ask me to show that crypto millionaires are legit. I have a solid background in both banking and in crypto so I manage to make the bridge, but yeah sometimes it is tough to reconcile the two worlds. I am a crypto enthusiast myself and I can say that after years of work in the banking industry I have grown disillusioned towards banks as well, like many of you. Still an account in a Private bank is convenient and powerful. So let’s get started.
There are two different aspects to your onboarding in a Swiss Private bank, compliance-wise.
*The origin of your crypto wealth
*Your background (residence, citizenship and probity)
These two aspects must be documented in-depth.
How to document your crypto wealth. Each new crypto millionaire has a different story. I may detail a few fun stories later in this post, but at the end of the day, most of crypto rich I have met can be categorized within the following profiles: the miner, the early adopter, the trader, the corporate entity, the black market, the libertarian/OTC buyer. The real question is how you prove your wealth is legit.
1. Context around the original amount/investment Generally speaking, your first crypto purchase may not be documented. But the context around this acquisition can be. I have had many cases where the original amount was bought through Mtgox, and no proof of purchase could be provided, nor could be documented any Mtgox claim. That’s perfectly fine. At some point Mtgox amounted 70% of the bitcoin transactions globally, and people who bought there and managed to withdraw and keep hold of their bitcoins do not have any Mtgox claim. This is absolutely fine. However, if you can show me the record of a wire from your bank to Tisbane (Mtgox's parent company) it's a great way to start.
Otherwise, what I am trying to document here is the following: I need context. If you made your first purchase by saving from summer jobs, show me a payroll. Even if it was USD 2k. If you acquired your first bitcoins from mining, show me the bills of your mining equipment from 2012 or if it was through a pool mine, give me your slushpool account ref for instance. If you were given bitcoin against a service you charged, show me an invoice.
2. Tracking your wealth until today and making sense of it. What I have been doing over the last few months was basically educating compliance officers. Thanks God, the blockchain is a global digital ledger! I have been telling my auditors and compliance officers they have the best tool at their disposal to lead a proper investigation. Whether you like it or not, your wealth can be tracked, from address to address. You may have thought all along this was a bad feature, but I am telling you, if you want to cash out, in the context of Private Banking onboarding, tracking your wealth through the block explorer is a boon. We can see the inflows, outflows. We can see the age behind an address. An early adopter who bought 1000 BTC in 2010, and let his bitcoin behind one address and held thus far is legit, whether or not he has a proof of purchase to show. That’s just common sense. My job is to explain that to the banks in a language they understand.
Let’s have a look at a few examples and how to document the few profiles I mentioned earlier.
The trader. I love traders. These are easy cases. I have a ton of respect for them. Being a trader myself in investment banks for a decade earlier in my career has taught me that controlling one’s emotions and having the discipline to impose oneself some proper risk management system is really really hard. Further, being able to avoid the exchange bankruptcy and hacks throughout crypto history is outstanding. It shows real survival instinct, or just plain blissed ignorance. In any cases traders at exchange are easy cases to corroborate since their whole track record is potentially available. Some traders I have met have automated their trading and have shown me more than 500k trades done over the span of 4 years. Obviously in this kind of scenario I don’t show everything to the bank to avoid information overload, and prefer to do some snacking here and there. My strategy is to show the early trades, the most profitable ones, explain the trading strategy and (partially expose) the situation as of now with id pages of the exchanges and current balance. Many traders have become insensitive to the risk of parking their crypto at exchange as they want to be able to trade or to grasp an occasion any minute, so they generally do not secure a substantial portion on the blockchain which tends to make me very nervous.
The early adopter. Provided that he has not mixed his coin, the early adopter or “hodler” is not a difficult case either. Who cares how you bought your first 10k btc if you bought them below 3$ ? Even if you do not have a purchase proof, I would generally manage to find ways. We just have to corroborate the original 30’000 USD investment in this case. I mainly focus on three things here:
*proof of early adoption I have managed to educate some banks on a few evidences specifically related to crypto markets. For instance with me, an old bitcointalk account can serve as a proof of early adoption. Even an old reddit post from a few years ago where you say how much you despise this Ripple premined scam can prove to be a treasure readily available to show you were early.
*story telling Compliance officers like to know when, why and how. They are human being looking for simple answers to simple questions and they don’t want like to be played fool. Telling the truth, even without a proof can do wonders, and even though bluffing might still work because banks don’t fully understand bitcoin yet, it is a risky strategy that is less and less likely to pay off as they are getting more sophisticated by the day.
*micro transaction from an old address you control This is the killer feature. Send a $20 worth transaction from an old address to my company wallet and to one of my partner bank’s wallet and you are all set ! This is gold and considered a very solid piece of evidence. You can also do a microtransaction to your own wallet, but banks generally prefer transfer to their own wallet. Patience with them please. they are still learning.
*signature message Why do a micro transaction when you can sign a message and avoid potentially tainting your coins ?
*ICO millionaire Some clients made their wealth participating in ETH crowdsale or IOTA ICO. They were very easy to deal with obviously and the account opening was very smooth since we could evidence the GENESIS TxHash flow.
The miner Not so easy to proof the wealth is legit in that case. Most early miners never took screenshot of the blocks on bitcoin core, nor did they note down the block number of each block they mined. Until the the Slashdot article from August 2010 anyone could mine on his laptop, let his computer run overnight and wake up to a freshly minted block containing 50 bitcoins back in the days. Not many people were structured enough to store and secure these coins, avoid malwares while syncing the blockchain continuously, let alone document the mined blocks in the process. What was 50 BTC worth really for the early miners ? dust of dollars, games and magic cards… Even miners post 2010 are generally difficult to deal with in terms of compliance onboarding. Many pool mining are long dead. Deepbit is down for instance and the founders are MIA. So my strategy to proof mining activity is as follow:
*Focusing on IT background whenever possible. An IT background does help a lot to bring some substance to the fact you had the technical ability to operate a mining rig.
*Showing mining equipment receipts. If you mined on your own you must have bought the hardware to do so. For instance mining equipment receipts from butterfly lab from 2012-2013 could help document your case. Similarly, high electricity bill from your household on a consistent basis back in the day could help. I have already unlocked a tricky case in the past with such documents when the bank was doubtful.
*Wallet.dat files with block mining transactions from 2011 thereafter This obviously is a fantastic piece of evidence for both you and me if you have an old wallet and if you control an address that received original mined blocks, (even if the wallet is now empty). I will make sure compliance officers understand what it means, and as for the early adopter, you can prove your control over these wallet through a microtransaction. With these kind of addresses, I can show on the block explorer the mined block rewards hitting at regular time interval, and I can even spot when difficulty level increased or when halvening process happened.
*Poolmining account. Here again I have educated my partner bank to understand that a slush account opened in 2013 or an OnionTip presence was enough to corroborate mining activity. The block explorer then helps me to do the bridge with your current wallet.
*Describing your set up and putting it in context In the history of mining we had CPU, GPU, FPG and ASICs mining. I will describe your technical set up and explain why and how your set up was competitive at that time.
The corporate entity Remember 2012 when we were all convinced bitcoin would take over the world, and soon everyone would pay his coffee in bitcoin? How naïve we were to think transaction fees would remain low forever. I don’t blame bitcoin cash supporters; I once shared this dream as well. Remember when we thought global adoption was right around the corner and some brick and mortar would soon accept bitcoin transaction as a common mean of payment? Well, some shop actually did accept payment and held. I had a few cases as such of shops holders, who made it to the multi million mark holding and had invoices or receipts to proof the transactions. If you are organized enough to keep a record for these trades and are willing to cooperate for the documentation, you are making your life easy. The digital advertising business is also a big market for the bitcoin industry, and affiliates partner compensated in btc are common. It is good to show an invoice, it is better to show a contract. If you do not have a contract (which is common since all advertising deals are about ticking a check box on the website to accept terms and conditions), there are ways around that. If you are in that case, pm me.
The black market Sorry guys, I can’t do much for you officially. Not that I am judging you. I am a libertarian myself. It’s just already very difficult to onboard legit btc adopters, so the black market is a market I cannot afford to consider. My company is regulated so KYC and compliance are key for me if I want to stay in business. Behind each case I push forward I am risking the credibility and reputation I have built over the years. So I am sorry guys I am not risking it to make an extra buck. Your best hope is that crypto will eventually take over the world and you won’t need to cash out anyway. Or go find a Lithuanian bank that is light on compliance and cooperative.
The OTC buyer and the libertarian. Generally a very difficult case. If you bought your stack during your journey in Japan 5 years ago to a guy you never met again; or if you accumulated on https://localbitcoins.com/ and kept no record or lost your account, it is going to be difficult. Not impossible but difficult. We will try to build a case with everything else we have, and I may be able to onboard you. However I am risking a lot here so I need to be 100% confident you are legit, before I defend you. Come & see me in Geneva, and we will talk. I will run forensic services like elliptic, chainalysis, or scorechain on an extract of your wallet. If this scan does not raise too many red flags, then maybe we can work together ! If you mixed your coins all along your crypto history, and shredded your seeds because you were paranoid, or if you made your wealth mining professionally monero over the last 3 years but never opened an account at an exchange. ¯_(ツ)_/¯ I am not a magician and don’t get me wrong, I love monero, it’s not the point.
Cashing out ICOs Private companies or foundations who have ran an ICO generally have a very hard time opening a bank account. The few banks that accept such projects would generally look at 4 criteria:
*Seriousness of the project Extensive study of the whitepaper to limit the reputation risk
*AML of the onboarding process ICOs 1.0 have no chance basically if a background check of the investors has not been conducted
*Structure of the moral entity List of signatories, certificate of incumbency, work contract, premises...
*Fiscal conformity Did the company informed the authorities and seek a fiscal ruling.
For the record, I am not into the tax avoidance business, so people come to me with a set up and I see if I can make it work within the legal framework imposed to me.
First, stop thinking Switzerland is a “offshore heaven” Swiss banks have made deals with many governments for the exchange of fiscal information. If you are a French citizen, resident in France and want to open an account in a Private Bank in Switzerland to cash out your bitcoins, you will get slaughtered (>60%). There are ways around that, and I could refer you to good tax specialists for fiscal optimization, but I cannot organize it myself. It would be illegal for me. Swiss private banks makes it easy for you to keep a good your relation with your retail bank and continue paying your bills without headaches. They are integrated to SEPA, provide ebanking and credit cards.
For information, these are the kind of set up some of my clients came up with. It’s all legal; obviously I do not onboard clients that are not tax compliant. Further disclaimer: I did not contribute myself to these set up. Do not ask me to organize it for you. I won’t.
EU tricks
Swiss lump sum taxation Foreign nationals resident in Switzerland can be taxed on a lump-sum basis if they are not gainfully employed in our country. Under the lump-sum tax regime, foreign nationals taking residence in Switzerland may choose to pay an expense-based tax instead of ordinary income and wealth tax. Attractive cantons for the lump sum taxation are Zug, Vaud, Valais, Grisons, Lucerne and Berne. To make it short, you will be paying somewhere between 200 and 400k a year and all expenses will be deductible.
Switzerland has adopted a very friendly attitude towards crypto currency in general. There is a whole crypto valley in Zug now. 30% of ICOs are operated in Switzerland. The reason is that Switzerland has thrived for centuries on banking secrecy, and today with FATCA and exchange of fiscal info with EU, banking secrecy is dead. Regulators in Switzerland have understood that digital ledger technologies were a way to roll over this competitive advantage for the generations to come. Switzerland does not tax capital gains on crypto profits. The Finma has a very pragmatic approach. They have issued guidance- updated guidelines here. They let the business get organized and operate their analysis on a case per case basis. Only after getting a deep understanding of the market will they issue a global fintech license in 2019. This approach is much more realistic than legislations which try to regulate everything beforehand.
Italy new tax exemption. It’s a brand new fiscal exemption. Go to Aoste, get residency and you could be taxed a 100k/year for 10years. Yes, really.
Portugal What’s crazy in Europe is the lack of fiscal harmonization. Even if no one in Brussels dares admit it, every other country is doing fiscal dumping. Portugal is such a country and has proved very friendly fiscally speaking. I personally have a hard time trusting Europe. I have witnessed what happened in Greece over the last few years. Some of our ultra high net worth clients got stuck with capital controls. I mean no way you got out of crypto to have your funds confiscated at the next financial crisis! Anyway. FYI
Malta Generally speaking, if you get a residence somewhere you have to live there for a certain period of time. Being stuck in Italy is no big deal with Schengen Agreement, but in Malta it is a different story. In Malta, the ordinary residence scheme is more attractive than the HNWI residence scheme. Being an individual, you can hold a residence permit under this scheme and pay zero income tax in Malta in a completely legal way.
Monaco Not suitable for French citizens, but for other Ultra High Net worth individual, Monaco is worth considering. You need an account at a local bank as a proof of fortune, and this account generally has to be seeded with at least EUR500k. You also need a proof of residence. I do mean UHNI because if you don’t cash out minimum 30m it’s not interesting. Everything is expensive in Monaco. Real Estate is EUR 50k per square meter. A breakfast at Monte Carlo Bay hotel is 70 EUR. Monaco is sunny but sometimes it feels like a golden jail. Do you really want that for your kids?
Dubaï
  1. Set up a company in Dubaï, get your resident card.
  2. Spend one day every 6 month there
  3. ???
  4. Be tax free
US tricks Some Private banks in Geneva do have the license to manage the assets of US persons and U.S citizens. However, do not think it is a way to avoid paying taxes in the US. Opening an account at an authorized Swiss Private banks is literally the same tax-wise as opening an account at Fidelity or at Bank of America in the US. The only difference is that you will avoid all the horror stories. Horror stories are all real by the way. In Switzerland, if you build a decent case and answer all the questions and corroborate your case in depth, you will manage to convince compliance officers beforehand. When the money eventually hits your account, it is actually available and not frozen.
The IRS and FATCA require to file FBAR if an offshore account is open. However FBAR is a reporting requirement and does not have taxes related to holding an account outside the US. The taxes would be the same if the account was in the US. However penalties for non compliance with FBAR are very large. The tax liability management is actually performed through the management of the assets ( for exemple by maximizing long term capital gains and minimizing short term gains).
The case for Porto Rico. Full disclaimer here. I am not encouraging this. Have not collaborated on such tax avoidance schemes. if you are interested I strongly encourage you to seek a tax advisor and get a legal opinion. I am not responsible for anything written below. I am not going to say much because I am so afraid of uncle Sam that I prefer to humbly pass the hot potato to pwc From here all it takes is a good advisor and some creativity to be tax free on your crypto wealth if you are a US person apparently. Please, please please don’t ask me more. And read the disclaimer again.
Trust tricks Generally speaking I do not accept fringe fiscal situation because it puts me in a difficult situation to the banks I work with, and it is already difficult enough to defend a legit crypto case. Trust might be a way to optimize your fiscal situation. Belize. Bahamas. Seychelles. Panama, You name it. At the end of the day, what matters for Swiss Banks are the beneficial owner and the settlor. Get a legal opinion, get it done, and when you eventually knock at a private bank’s door, don’t say it was for fiscal avoidance you stupid ! You will get the door smashed upon you. Be smarter. It will work. My advice is just to have it done by a great tax specialist lawyer, even if it costs you some money, as the entity itself needs to be structured in a professional way. Remember that with trust you are dispossessing yourself off your wealth. Not something to be taken lightly.
“Anonymous” cash out. Right. I think I am not going into this topic, neither expose the ways to get it done. Pm me for details. I already feel a bit uncomfortable with all the info I have provided. I am just going to mention many people fear that crypto exchange might become reporting entities soon, and rightly so. This might happen anyday. You have been warned. FYI, this only works for non-US and large cash out.
The difference between traders an investors. Danmark, Holland and Germany all make a huge difference if you are a passive investor or if you are a trader. ICO is considered investing for instance and is not taxed, while trading might be considered as income and charged aggressively. I would try my best to protect you and put a focus on your investor profile whenever possible, so you don't have to pay 52% tax if you do not have to :D
Full cash out or partial cash out? People who have been sitting on crypto for long have grown an emotional and irrational link with their coins. They come to me and say, look, I have 50m in crypto but I would like to cash out 500k only. So first let me tell you that as a wealth manager my advice to you is to take some off the table. Doing a partial cash out is absolutely fine. The market is bullish. We are witnessing a redistribution of wealth at a global scale. Bitcoin is the real #occupywallstreet, and every one will discuss crypto at Xmas eve which will make the market even more supportive beginning 2018, especially with all hedge funds entering the scene. If you want to stay exposed to bitcoin and altcoins, and believe these techs will change the world, it’s just natural you want to keep some coins. In the meantime, if you have lived off pizzas over the last years, and have the means to now buy yourself an nice house and have an account at a private bank, then f***ing do it mate ! Buy physical gold with this account, buy real estate, have some cash at hands. Even though US dollar is worthless to your eyes, it’s good and convenient to have some. Also remember your wife deserves it ! And if you have no wife yet and you are socially awkward like the rest of us, then maybe cashing out partially will help your situation ;)
What the Private Banks expect. Joke aside, it is important you understand something. If you come around in Zurich to open a bank account and partially cash out, just don’t expect Private Banks will make an exception for you if you are small. You can’t ask them to facilitate your cash out, buy a 1m apartment with the proceeds of the sale, and not leave anything on your current account. It won’t work. Sadly, under 5m you are considered small in private banking. The bank is ok to let you open an account, provided that your kyc and compliance file are validated, but they will also want you to become a client and leave some money there to invest. This might me despicable, but I am just explaining you their rules. If you want to cash out, you should sell enough to be comfortable and have some left. Also expect the account opening to last at least 3-4 week if everything goes well. You can't just open an account overnight.
The cash out logistics. Cashing out 1m USD a day in bitcoin or more is not so hard.
Let me just tell you this: Even if you get a Tier 4 account with Kraken and ask Alejandro there to raise your limit over $100k per day, Even if you have a bitfinex account and you are willing to expose your wealth there, Even if you have managed to pass all the crazy due diligence at Bitstamp,
The amount should be fractioned to avoid risking your full wealth on exchange and getting slaughtered on the price by trading big quantities. Cashing out involves significant risks at all time. There is a security risk of compromising your keys, a counterparty risk, a fat finger risk. Let it be done by professionals. It is worth every single penny.
Most importantly, there is a major difference between trading on an exchange and trading OTC. Even though it’s not publicly disclosed some exchange like Kraken do have OTC desks. Trading on an exchange for a large amount will weight on the prices. Bitcoin is a thin market. In my opinion over 30% of the coins are lost in translation forever. Selling $10m on an exchange in a day can weight on the prices more than you’d think. And if you trade on a exchange, everything is shown on record, and you might wipe out the prices because on exchanges like bitstamp or kraken ultimately your counterparties are retail investors and the market depth is not huge. It is a bit better on Bitfinex. It is way better to trade OTC. Accessing the institutional OTC market is not easy, and that is also the reason why you should ask a regulated financial intermediary if we are talking about huge amounts.
Last point, always chose EUR as opposed to USD. EU correspondent banks won’t generally block institutional amounts. However we had the cases of USD funds frozen or delayed by weeks.
Most well-known OTC desks are Cumberlandmining (ask for Lucas), Genesis (ask for Martin), Bitcoin Suisse AG (ask for Niklas), circletrade, B2C2, or Altcoinomy (ask for Olivier)
Very very large whales can also set up escrow accounts for massive block trades. This world, where blocks over 30k BTC are exchanged between 2 parties would deserve a reddit thread of its own. Crazyness all around.
Your options: DIY or going through a regulated financial intermediary.
Execution trading is a job in itself. You have to be patient, be careful not to wipe out the order book and place limit orders, monitor the market intraday for spikes or opportunities. At big levels, for a large cash out that may take weeks, these kind of details will save you hundred thousands of dollars. I understand crypto holders are suspicious and may prefer to do it by themselves, but there are regulated entities who now offer the services. Besides, being a crypto millionaire is not a guarantee you will get institutional daily withdrawal limits at exchange. You might, but it will take you another round of KYC with them, and surprisingly this round might be even more aggressive that the ones at Private banks since exchange have gone under intense scrutiny by regulators lately.
The fees for cashing out through a regulated financial intermediary to help you with your cash out should be around 1-2% flat on the nominal, not more. And for this price you should get the full package: execution/monitoring of the trades AND onboarding in a private bank. If you are asked more, you are being abused.
Of course, you also have the option to do it yourself. It is a way more tedious and risky process. Compliance with the exchange, compliance with the private bank, trading BTC/fiat, monitoring the transfers…You will save some money but it will take you some time and stress. Further, if you approach a private bank directly, it will trigger a series of red flag to the banks. As I said in my previous post, they call a direct approach a “walk-in”. They will be more suspicious than if you were introduced by someone and won’t hesitate to show you high fees and load your portfolio with in-house products that earn more money to the banks than to you. Remember also most banks still do not understand crypto so you will have a lot of explanations to provide and you will have to start form scratch with them!
The paradox of crypto millionaires Most of my clients who made their wealth through crypto all took massive amount of risks to end up where they are. However, most of them want their bank account to be managed with a low volatility fixed income capital preservation risk profile. This is a paradox I have a hard time to explain and I think it is mainly due to the fact that most are distrustful towards banks and financial markets in general. Many clients who have sold their crypto also have a cash-out blues in the first few months. This is a classic situation. The emotions involved in hodling for so long, the relief that everything has eventually gone well, the life-changing dynamics, the difficulties to find a new motivation in life…All these elements may trigger a post cash-out depression. It is another paradox of the crypto rich who has every card in his hand to be happy, but often feel a bit sad and lonely. Sometimes, even though it’s not my job, I had to do some psychological support. A lot of clients have also become my friends, because we have the same age and went through the same “ordeal”. First world problem I know… Remember, cashing out is not the end. It’s actually the beginning. Don’t look back, don’t regret. Cash out partially, because it does not make sense to cash out in full, regret it and want back in. relax.
The race to cash out crypto billionaire and the concept of late exiter. The Winklevoss brothers are obviously the first of a series. There will be crypto billionaires. Many of them. At a certain level you can have a whole family office working for you to manage your assets and take care of your needs . However, let me tell you it’s is not because you made it so big that you should think you are a genius and know everything better than anyone. You should hire professionals to help you. Managing assets require some education around the investment vehicles and risk management strategies. Sorry guys but with all the respect I have for wallstreebet, AMD and YOLO stock picking, some discipline is necessary. The investors who have made money through crypto are generally early adopters. However I have started to see another profile popping up. They are not early adopters. They are late exiters. It is another way but just as efficient. Last week I met the first crypto millionaire I know who first bough bitcoin over 1000$. 55k invested at the beginning of this year. Late adopter & late exiter is a route that can lead to the million.
Last remarks. I know banks, bankers, and FIAT currencies are so last century. I know some of you despise them and would like to have them burn to the ground. With compliance officers taking over the business, I would like to start the fire myself sometimes. I hope this extensive guide has helped some of you. I am around if you need more details. I love my job despite all my frustration towards the banking industry because it makes me meet interesting people on a daily basis. I am a crypto enthusiast myself, and I do think this tech is here to stay and will change the world. Banks will have to adapt big time. Things have started to change already; they understand the threat is real. I can feel the generational gap in Geneva, with all these old bankers who don’t get what’s going on. They glaze at the bitcoin chart on CNBC in disbelief and they start to get it. This bitcoin thing is not a joke. Deep inside, as an early adopter who also intends to be a late exiter, as a libertarian myself, it makes me smile with satisfaction.
Cheers. @swisspb on telegram
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The Bitcoin Cash Fund website is now live! Go check it out!

THE BITCOIN CASH FUND
 
Firstly, we need to say a big thank you to you all for getting us this far. There is so much energy in the community right now. You guys are seriously awesome! You are by far the biggest asset to Bitcoin Cash, and this is what we need to leverage to take it mainstream.
 
You can find the website at www.thebitcoincash.fund
 
Go and check it out! Sign up to our subscriber list to get updates on the projects that we are funding. The projects we are funding always need volunteers to help them expand their reach.
 
 
We would like to announce our board, advisors and generous sponsors.
BOARD
 
Paul Wasensteiner (aka Singularity).
I have been a Bitcoiner (now Casher) since mid-2011 when I discovered Bitcoin shortly after the first $30 price bubble. Since then, I have been highly active in the community, although it wasn't until this year that I dove into Bitcoin full time. I started the BTCforks initiative last year with Freetrader, which was a precursor to the Bitcoin Cash initiative. Until recently, I spent my time in the community trying to correct misinformation and educate newcomers. After Bitcoin Cash successfully launched, I decided to make a positive change and instead put my energy into pushing Bitcoin Cash forward. I have a wide range of experience and expertise, and have had two businesses of my own in the past. I am working towards changing the world for the better, and I feel Bitcoin Cash is one way of achieving this. I launched the Bitcoin Cash Fund initiative on 14th, November 2017 to expand Bitcoin Cash adoption.
 
Ian Descôteaux (aka checksum0/FractalGlitch).
Ian found out about bitcoin on January 3rd, 2010 after reading a piece on it. He spent time CPU and GPU mining, both solo and with Mining Team Reddit and Slush. After a break from Bitcoin, he reinvested in mining when the Bitmain S1 was released, and has kept this endeavor going ever since. It was at this time that fees started to increase and he realised that this may become an issue in the future. Today he owns and operates a private 4 MW mining facility in North America. Bitcoin Cash is the plan he signed up for when he first got into the bitcoin space.
 
Haipo Yang
Haipo is the CEO and founder of ViaBTC. He graduated from Northwestern Polytechnical University of China in 2012, majored in mathematics. After graduation he worked as a developer at Tencent Weibo (China’s Twitter) and then FUTU, a Tencent-invested Hong Kong stock exchange. YANG is one of the earliest adopters and investors of Bitcoin and has in-depth understanding in blockchain technology. YANG began to be involved in Bitcoin in 2013. Between 2014 and 2015, YANG started his career in cryptocurrency industry and led the R&D team at ZeusMiner, the former TOP3 Scrypt miner in the world. In April 2016, YANG committed himself to the development of ViaBTC Bitcoin pool and released the initial version after two months of extensive coding effort.
 
 
ADVISORS
 
Roger Ver
Roger was an early investor in bitcoin related startups. He has been a prominent supporter of bitcoin adoption and saw bitcoin as a means to promote economic freedom. He now promotes Bitcoin Cash, a different cryptocurrency. He identifies as a libertarian, an anarcho-capitalist, peace advocate and advocates for individualism and voluntaryism.
 
Jack Liu
Jack C. Liu formerly served as Chief Strategy Officer of OKCoin Group, leading the company's international unit, and co-founding its latest products including OKEx and OKLink.
 
Peter Rizun
Dr. Peter Rizun is a physicist and entrepreneur. Chief Scientist for Bitcoin Unlimited, an organization which provides software that powers the backbone of the Bitcoin network. His research focuses on understanding and overcoming the bottlenecks preventing Bitcoin from scaling to a global peer-to-peer electronic cash system.
 
Mike Komaransky
Mike has been an investor and advocate of Bitcoin since 2010. Mike was a partner at the trading firm DRW, and was Head of Trading at Cumberland Mining from 2014 until June 2017.
 
 
SPONSORS
Bitcoin.com
Bitcoin.com is a premier source for everything Bitcoin related. They can help you buy bitcoins, choose a bitcoin wallet. You can also read the latest news, or engage with the community on their Bitcoin Forum.
 
ViaBTC
ViaBTC was founded in May 2016 as an innovation-intensive startup dedicated to cryptocurrency. They’ve developed the world’s top Bitcoin mining pool with the most advanced deployment technology. They’ve also released mining pools for competing coins and cloud mining products.
 
Yours
The mission at Yours is to improve the quality of content on the internet by getting people paid for creating and discovering good content. They're making everyone in the world an entrepreneur on their smartphone. They believe peer-to-peer payments are the missing piece in social media
 
 
PROJECTS
There are already a number of projects underway.
 
  • A short animated video explaining Bitcoin Cash.
  • A short live-action video explaining how a user uses BCH and, how a business uses/accepts BCH.
  • Project to travel around Seatac in the US with POS systems, information packs, and stickers to onboard new businesses.
  • Create a BCH logo animation (https://www.youtube.com/watch?v=UOS-4PxZi2o&lc=z23qwpqa4u2mxncqf04t1aokg0yj24dloirdqqxpeo1kbk0h00410) (Sound design still in progress).
  • Create payment sound branding to be applied as an industry standard for maximum impact.
  • Hand out well designed, fun Bitcoin Cash stickers for students to stick on their laptops and lockers etc.
  • Put up Bitcoin Cash flyers on all message boards at MIT.
  • Giving out free stickers on Twitter for tweets about Bitcoin Cash.
 
We need far far more though! Get in contact with us (Contact form on our website) and submit a proposal. Start organising! Put ideas out into the community and find people with the skills you need to execute! We are here to help you do this! Join our slack. Subscribe to bitcoincashmarketing and start developing projects.
 
There are so many talented people in the Bitcoin Cash community. You are our biggest asset BY FAR! This is why the Bitcoin Cash Fund is going to be so powerful at driving Bitcoin Cash adoption, because every BCH we push into the community, we know we will get 10 BCH of value, because you guys are amazing!
 
Our mission is to help Bitcoin Cash serve 1 billion users within 5 years, and we know you are going to help us achieve this.
 
Thank you again to you all.
The Bitcoin Cash Fund.
 
(Yours.org Post)[https://www.yours.org/content/the-bitcoin-cash-fund-website-is-now-live--go-check-it-out--ec40ae6792fd]
 
Also a big thank you to:
  • Cameron McEwan for designing and building the site from scratch with such a tight deadline.
  • Josh Ellithorpe (zquestz) for getting the site hosted and secured).
  • George Siosi Samuels for handling some of the social media accounts for us.
  • Kheri for handling some of the social media accounts for us.
submitted by singularity87 to btc [link] [comments]

BCH is "bcash" on Bitfinex and BTG is "Bitcoin Gold"? Lets put on our tinfoil hats.

Miners and BlockstreamCore are playing 3-d chess. Bcore is behind these recent forks (Bitcoin Gold, Silver, Bronze?) to take credibility away from Bitcoin cash and muddy the waters. Interestingly, all these forks are GPU mining only because otherwise they would be dead on arrival (instant double spend attack courtesy of Jihan Wu). Bitfinex is fully onboard with this...hence the hilariously obvious double standards in their naming scheme.
submitted by sashalex007 to btc [link] [comments]

A serious discussion about current situation and call for Devs to do what was written.

I'm first and foremost a miner. I got my start in 2011 with mining my first BTC and started again in 2017 with Ethereum. It was ETH that got me back into mining, not any other coins.

I think we seriously need to talk about what happens should Devs reduce rewards to 2 ETH + Uncles without any other changes to Algorithm to reduce difficulty. At current prices $80~ ETH will lose even more miners that securing the network. This would price me out. Delaying Iceage and 30 sec block time for another year is not helping miners, effectively at this moment we have not reached 30 Sec block times.

As of today(12/7/18) with network difficulty of 2.4T and A power rate of .09kw/c. I'm profiting $6 a month with a 250mh/s rig and 850w electric used for the rig. Mind you this is probably the most efficient mining rig one can build. Calculating in WTT for 2 ETH reward I'm now negative $10 a month. That doesn't take into account the reduced Uncle rewards. To get back into "Profitability" Network hashrate has to drop 5T and then I'm only making $1 month.

Everyone, including the Devs really have to question themselves. Is this right? ETH isn't going back $200-400 anytime soon, definitely not happening before the Fork. They are going to kill there own network pretty spectacularly. Who fault is it? Well heck it's there own! POS has been pushed back and back. Inflation increased and now they've shot themselves in the foot and demand more of the Miners that secure they're POW network? Not only are they killing there own network they are effectively making centralized. Only Large ASIC farms or GPU Farms with dirt cheap electric costs could even think of profitable mine it. What happens if ETH goes lower? to $50? a Rebound upwards of $200 could happen later next year, but by what small home miner is going to think to mine ETH? Especially when 1400mh/s ASICs are on the horizon.

From Ethereum Whitepaper
"However, this mining algorithm is vulnerable to two forms of centralization. First, the mining ecosystem has come to be dominated by ASICs (application-specific integrated circuits)"
"his problem is arguably worse: as of the time of this writing, the top three mining pools indirectly control roughly 50% of processing power in the Bitcoin network, although this is mitigated by the fact that miners can switch to other mining pools if a pool or coalition attempts a 51% attack."
(https://github.com/ethereum/wiki/wiki/White-Paper#philosophy)

So they plan on following bitcoin? Let Massive ASIC farms/pools who can afford such low costs to run there network?

They pushed the POS/POW back another year, yet no change to commitment to ASIC Resistance? Seems some Devs are onboard with the ProgPOW. According to the Dev meeting of Nov 23 we are still waiting for a Full testnet Implementation with testnet miners for ProgPOW.

Now it's NOT the DEVs fault for the price, please don't get me wrong, but they committed to ASIC resistance and going POS. We must change of algorithm in addition to uncle reduction. This is needed in order to keep the small miners in the game and securing the ETH POW network until POS is ready. This Doesn't have to be done in tandem. Personally I think releasing ProgPOW first(Other other Algo). See how many ASICs were dominating the network, then move to the reward/uncle reduction. It could work as well if ProgPOW was released just slightly after this Hardfork, however if they drag it out to months then it's too late.

The consequences of not doing so will be felt. Miners will abandon ETH by droves. ETH will become a Centralized POW Algorithm dominated by ASICs.

ill be watching from my Crypto Nuclear fallout bunker come Jan 18th.

BitsBeTripp' has some good videos on all this.

ProgPOW
https://www.youtube.com/watch?v=N-CwGNTQ3hY

1400mh/s ETH ASIC
https://www.youtube.com/watch?v=sImTQrJQh7w

Ethereum mining(As of Sept 18)
https://www.youtube.com/watch?v=Min9eLpA8ps
submitted by Xazax310 to gpumining [link] [comments]

The Hempcoin Community Guide Q1 201

Table of contents:

  1. Preface
  2. Tools:
    • Masternode Calculator
    • Fork Preparedness guide
    • Mining Guide
  3. Current projects
  4. Social Platform Links
  5. F.A.Q's
 

Preface

In the past month, we, the team at The HempCoin have been making some huge changes, both internally and business development wise. We have added 3 new roles to the team: Community Outreach Manager, Business Development Manager, and Brand Ambassadors. Thanks to this, we have had many new developments which have shifted our timeframe a little as you may have seen. That being said, we are committed to ensuring our community is kept as up-to-date as possible and provided with as many support materials as we can create. We've spent the better half of two weeks writing up this guide and the tools included in it, in hopes that it will help answer many of the common questions we have been seeing and even some of the less common ones.
 

Tools

Masternode Calculator:
Ever since we have announced that we will be forking into a masternode coin, we have been asked for the details and specifics of the reward payout for a node. Seeing this, we have created a Spreadsheet that is editable by the community. It will calculate the rewards for any number of nodes, and also tell you the expected payout in USD based on a price the user can input. You can find the link to the sheet here.
 
Fork Preparedness Guide:
This guide will ensure you will be completely prepared for the upcoming fork. We have been seeing many questions about the fork which is understandable, and hopefully, this will alleviate many of those by ensuring all of our investors know how to make sure they are prepared, no matter their platform.
Windows: Currently there are two options for coin storage on windows. Bittrex, the exchange that THC is currently traded on, or our official wallet. the safest and most secure option would be to store your coins in the private wallet, however, Bittrex has also confirmed with us that they will be supporting our fork. If you are planning on storing your coins there, all you need to do is purchase the THC and leave it be, once we fork, you will get the new coin from bittrex automatically and that is all. If you intend on using our private wallet, you can download the most up-to-date version from our GitHub here. Once you install it, you will need to let it run to synchronize, this has been known to take a very long time (due to having to sync all blocks since 2014). Once we fork, we will ensure this is alleviated, however, for now, you can follow the tutorial that was written here which will help you go from needing about 2 weeks to sync to about 3 hours at max. Either of these coin storage options will ensure you are completely supported during our fork.
Mac: At the moment, our current wallet only supports the Windows platform. Once we complete our fork there will be a wallet available for all platforms including mac an Linux. So, if you do not have access to a Windows PC your best option for securely storing your coins during our fork is to store them on Bittrex. They have confirmed with the team that they will be supporting the fork so your coins will be safe with them.
Linux: As you may have read above, our wallet currently only officially supports the Windows platform at the moment, however, there have been users who have reported that they have been successful in installing the wallet on Linux. However, at the time, we do not officially support the platform. Our advice would be the same as provided to the Mac users, storing your coins on bittrex would be the best option until our Linux wallet is available.
Android: Currently, the only wallet we know of that will support THC on android is Coinomi. The community has been asking on their support forum if they will be supporting the fork and the reply that was received was somewhat unsure. They stated that no coins will be lost, but never confirmed if they would be adapting to the new algo and giving out any new coins. As the team, we have not heard whether or not they will be supporting the fork so the best plan for android users would be to either transfer your coins to a windows wallet, or to bittrex to ensure you are supported. We are not saying coinomi will not support the fork, however, it is an unknown, and we would prefer to ensure that there is 100% support.
 
Mining Guide:
Lately, we have seen quite a few inquiries about the possibility of mining THC. Currently, there is only one pool that we are aware of which is hosted on the mining-dutch.nl. The tutorial written below will cover how to get started mining with an NVIDIA GPU using the mining-dutch servers, on a Windows-based PC. AMD GPU's have a very similar process, the main difference will be that you need to swap out the program CCMiner for a program which supports the AMD architecture.
To start mining you'll need a few things:
  • A decent GPU (as many as possible really, these are the brains of the operation).
  • A fairly well-ventilated PC case(if you're just mining with your gaming PC)
  • Instead of a PC case a lot of big-time miners just use shelves and build the multi-GPU rigs on those.
  • A mining program (For this tutorial we will be using CCMiner but there are plenty of great alternatives out there too)
  • A pool to mine from (Think of this as a meeting place for all the GPUs to team up and mine faster)
Now that we know what we need to mine, let's get started on setting it up:
  1. Download the correct version of CCMiner: CCminer for 32bit systems or CCminer for 64bit systems (both of these files are just pulled straight from the github).
  2. You may need to install a program to open 7z files such as WinRar.
  3. Extract these files to somewhere like C:\Program Files, or at least somewhere you won't forget about them.
  4. You should see an api folder, a program called ccminer.exe (sometimes ccminer-x64.exe) and a few other small files. What you want to look for is ccminer.conf, this is your config file. You use this to tell your program what pool to mine from.
  5. Open up ccminer.conf with notepad or notepad++ if you have it installed (or really any other coding software) and now we can get to the file editing.
  6. When you open ccminer.conf you should see something that looks like this. (excuse the pastebin link, reddit doesnt seem to like code in lists.)
  7. Next, go to the mining-dutch link and setup an account. (Direct link to signup page)\
  8. (These next links will likely only work once you register and sign in)
  9. Proceed to the workers page (Normally found under My Account>My Workers)
  10. A worker is essentially telling the pool what machine is working for you. Create a new worker by entering in "Workername" "Password" and check the monitor box. Now just hit create.
  11. Now, go back to the ccminer.conf file that we opened earlier. If you follow this link you should see something that looks very much like your file, however, it also has labels, #1, #2, #3.
  12. On your file, fill in #1 with "stratum+tcp://mining-dutch.nl:3435" (this can be found on the mining dutch website, its just hidden. In the top right, click the cloud with the blue icon (getting started) then scroll down to the Vardiff address for Hempcoin)
  13. #2, enter your "loginname.workername" Login name being your username to login to mining-dutch, then workername being what you just named the worker we created.
  14. #3 can be filled with anything, they don't use passwords.
  15. This should really be all you need. Now save the ccminer.conf and then just run ccminer.exe
If all of this was done correctly you should see a command-prompt window pop up and your machine start to mine. It takes some time to get going so that is not unheard of, and also, if you look at the dashboard you may not see your worker show up for a while. This is normal, it uses averages over time to tell you what performance it is getting so it won't have a proper value for a few minutes.
 

Current Projects

We are always working on advancing all of our roadmap goals, however, lately, we have been focusing on a few key projects which are listed below (in no specific order).
  • Putting the finishing touches on the new wallet.
  • Ensuring bittrex is ready for the fork.
  • HempPay.
  • Merchant Services
  • Our mobile app
  • Graphics that will better represent the new THC.
  • A brand new website (launching soon!).
  • Connecting with many different owners/affiliates/partners to businesses which would like to use THC locally.
  • Implementing the ambassador program
  • Internal organization to ensure everyone is on the same page at all times.
 

Social Platform Links

One of the larger changes we have made is to bring a community outreach manager onboard to work on communication. We may have had missteps in the past, however that is in the past, we have changed and want to ensure we show you that change! Keeping in line with that, we have heard your cries for a more community-oriented social stance, so, we have created an official discord chatroom where anyone can come and chat with some of the devs, or the rest of the community to stay in the loop. We have also created a telegram more recently, which as of the date of typing this, has over 1000 members already, and it was only released less than a week ago. We do ask that everyone who joins reads over the rules that are posted in both locations and abides by them so we can have a clean and organized community. We are always looking to expand and if you have any more suggestions feel free to let us know!
 

F.A.Q's

Q: I transferred X amount of THC to my wallet, but it's missing? A: The first step to ensuring you never lose any THC is to confirm the wallet address. Always, always, always double and triple-check that the address you input is the same as your address. If there are ANY typos at all, you will not receive your coins. If you have checked and are sure that the address is correct, check your wallet. If you have just installed it, chances are you are still syncing with the blockchain; you will need to wait until you are caught up to see the THC. It's best practice to sync your wallet before you make any transfers. To check the status of your synchronization, check the debug menu in the wallet, it will show you the exact date you are synced to. Lastly, if you are for sure synced, and you have used the correct address, check the transaction ID on the block explorer. This will show what happened with the transaction and allow you to follow where it went. It could also still just be in progress, sometimes it can take up to an hour if there are service delays with the exchange or even just your internet connection.
Q: Why have there been so many delays with THC? You have been around forever! A: Although THC was one of the first 30 cryptocurrencies mined in 2014, the unfortunate truth is that before April 2017, there was no active full-time team. Since then, the original THC FoundeDeveloper and current CEO Tim has worked hard to add incredible new developers, a business outreach team, an entire marketing team, and the brand ambassadorship program. It has taken us a little time to organize, but we are finally in sync as a team and prepared to unleash this business on the world.
Q: When is the fork? A: As many of you have noticed, our whitepaper says fork will occur by Q2, while we previously announced Feb. 23rd. We did this not to provide our community with doubts, but to allow ourselves an added bit of time for our dev team which, like the rest of our team, has added new members in recent months. Due to this, we are far further along with our HempPay platform than we thought possible; as such we will be hiring 3rd party code auditor to audit our code to ensure we run as smoothly as possible. We would much rather delay a fork than risk any of our investor's privacy or security and fork too early. We also want to reiterate that we have a direct line with Bittrex and they will 100% support our fork. We do appreciate everyone’s patience with this transition into the future of THC; we’re working hard to ensure that we fork as early as possible.
Q: Will Bittrex be supporting the fork? A: We have seen this question come up many times now and the answer is, and will always be, yes. Bittrex is well aware of our plans and they know exactly where we stand regarding the fork date. Bittrex has also asked requested our community stop creating support tickets just to confirm the fork. They have been overwhelmed this week with the same question over and over. The final answer here is yes, Bittrex will be supporting the fork and we are in constant contact with them to ensure everything is going as planned.
Q: Will purchases with a credit card to HempPay count as cash advances? A: We are still in the middle stages of building HempPay and finalizing the format for operation and contractual agreements. We intend to partner with exchanges and use their API to make the purchases, so buying THC through our app will have the same effect as using your card to purchase straight from an exchange. Please note that HempPay is still in development so exact details may be subject to change.
Q: What is the cost for a masternode? Some say 10,000 others say 20,000 THC is required. A: To run a masternode, 20,000 THC will be required. We do acknowledge that during our transition, we had originally stated 20,000 and then our team announced 10,000 THC will be required. We have since readjusted our plan, realizing that the low requirement would sink MN profits and lower incentive. Instead, we returned the requirement to 20,000 THC and increased the node reward by 66%. For more information please check the masternode calculator in the Tools section.
Q: I heard Bittrex may delist THC. What?? A: Short answer: No and not even close. Long answer: This rumour was started over a year ago, it was based on a Bittrex Support post from January 27th, 2017. The only post we appear in is the one mentioned above. You will also see that we only appear due to being listed as a potential for removal, due to a lack of volume as most altcoins saw at that time. You will note the size of the list of altcoins here. We are now in direct communication with Bittrex daily and we unequivocally state that there is no need to worry about us being removed at all.
submitted by zacharyd3 to thehempcoin [link] [comments]

0xBitcoin (0xBTC) nVidia CUDA Miner, Pre-Built for Windows and Instructions. Newbie-friendly!

** PLEASE READ THE README! See the end of this post for more troubleshooting tips! Thanks! **
NOTE: I've retracted build TOFU-RC1.1 because of an issue communicating shares to the pool. I'll put another build together for Windows X64, and any info you will need to run it, once we figure out what the issue is. Thanks for your patience! RC1 does not show a hashrate report, but you can verify your approx. hashrate on the TMP pool's stats page.
** This build brings CUDA mining functionality from Linux to Windows X64 users. I tried to make it as easy to set up as possible. This is still software in-the-works, so please report any problems you might have here or at the Discord so we can figure them out! Thanks! **
Here's my attempt at making the CUDA miner work on Windows, and making it as painless as I can! Hopefully this is fairly "plug and play". :) I also added some functionality. I hope you guys like it! The enclosed README.txt should explain how to run and use it and solutions to some common problems.
Build Mag517-RC1 for Windows X64: https://drive.google.com/open?id=1QWF_S7mfLGDk2YARC1ZZBYkmpqILLr0h
I am going to commit my changes to the GitHub, once I set it up.
Hurrah to the whole OPEN SOURCE 0xBitcoin miner team on the Discord! Including Infernal Toast, Mikers, @0x1d00ffff, developers of code this project is based on, coder of the original CPU miner and 1000x "Kaio-Ken" version... plus everyone else who knows who they are!
Good Luck! May I suggest we join forces and point our miners at the TMP pool for the time being: http://tokenminingpool.com:8586 so that we can get some blocks and give PizzaPool some competition, with lower-fee pools and open-source, community supported miners. Let's take back the game! ;)
Donations [ETH/0xBTC] welcome! Help my broke ass buy groceries. 0xa8b8ea4C083890833f24817b4657888431486444
TROUBLESHOOTING TIPS:

INTENSITY

Is your machine's GUI too slow when mining? Try reducing intensity with the Block and Thread settings (Read on), turn off Hardware Acceleration in Windows and applications like FireFox, Chrome and Discord to make them draw with the CPU more, not the busy GPU.
If you want it buttery-smooth, boot up with your monitor connected to a separate graphics card and mine on the non-display adapter. If your CPU has on-chip graphics, you can probably hook up to your motherboard's video output (not your graphics card's). Make sure the processor or onboard graphics are enabled and set as default in your BIOS/UEFI setup.
THE WINDOW CLOSES IMMEDIATELY
This is a command-line miner, so you must run it in a command prompt / powershell to see any output if it closes prematurely. Most often, the error you're looking at is the next one:

I GET A WEIRD DEPENDENCY ERROR, LOTS OF .JS STUFF

Make sure you have CUDA v9.1 or latest installed. Install the patches that are on the same download page after you install the main package. Make sure the paths have been added to your Environment Variables in the System Control Panel, Advanced Settings. Reboot or at least log out and back in to apply the new paths before running the miner.

WANT TO MINE WITH MORE THAN ONE GPU?

Remove an SLI or Crossfire bridge, if present. Disable SLI/Crossfire. Rename the EXE file to something else. Run both instances and use the nVidia Control Panel (right-click Desktop, nVidia option) to configure which card should run which process. This neat trick was discovered by @DigitalApathy on the Discord server!

KERNEL FAILS TO LAUNCH

Investigate the reported error, if any. This is most often caused by too high Block / Thread settings. It can also mean the GPU is busy, as in the miner did not gracefully close and release the device. Reboot or otherwise reset the card via software.
POOL NOTE: I strongly recommend the use of TokenMiningPool and 0xPool as of 03.10.2018. This is so that we can build up a large enough hashpower to compete with the Pizza Pool (closed-source mining pool with DevFees.) Right now, PizzaPool is getting most of the blocks and the community pools aren't getting a fair shake. Let's join forces on TMP and 0xPool!
Enjoy! - Lt. Tofu
submitted by LieutenantTofu to 0xbitcoin [link] [comments]

First impressions of Electroneum - not good. Devs should seriously ponder this.

So I decided to check out Electroneum today. I've been into Bitcoin for 5+ years, have 8 or so cryptos at the moment - so have been around the block a bit. My first impressions were pretty poor - hopefully the devs and community can use some of this to evolve the experience for other Electroneum first-timers into something more positive.
Getting a wallet was a somewhat ridiculous affair. Ok, so touted as the "mobile based cryptocurrency"... but no iOS app. Alright, let's say that's coming soon. Let's try the desktop app - nothing obvious when searching, except for a Windows desktop miner.. but that has some bright orange instructions to ignore your anti virus app when it tells you the miner is a virus. Warning flag. Any way, I don't want to mine on my desktop, chewing up my CPU and GPU when I'm trying to work.
Next step, web wallet. Not my preferred, not what I'm accustomed to using on any of the major (more established) cryptos but no choice there.
First, the web wallet needs registration - fair enough, some sort of auth is needed, but needing email as the sign up means than anonymity is immediately out the window. Ok, so maybe Electroneum isn't trying to be anonymous, but this is blatant before-you-even-start breaking any semblance of anonymity. And isn't Electroneum a fork of Monero, the privacy coin ? You fork from the leading privacy coin and want to collect identities at the door ? Really ?
I'm just here to check this out, maybe I'll use a throwaway email ? Nope, need to do email verification/activation hops - so must use a valid email.
Ok fine, let's get past the email bit. I can always unsubscribe if I'm not interested I hope. But now I'm required to enter my mobile number of 2FA. WTF. This isn't even optional. So now I've added my email AND my mobile number. Soldier on...
Next step, now I'm REQUIRED again to enter ANOTHER email address, the "recovery" email which I'm advised can be the email of a friend or family member... in case I lose access to my email. So in addition to identifying myself, I need to identify some friends/family ? FFS.
Ok, so I enter a secondary email. My own (luckily) not some friend/family. Because the next step is I NEED to verify/click activation link on an email sent to the secondary/recovery email which could have been my trusted friend or family member ??? "Ummm Mom, it's me, sorry to wake you but I listed you as my trusted recovery person, could you check your email please and click the link. Love you!!"
Now I'm thinking forget even comparing this to other crypto wallets, this is already more taxing than signing up to most exchanges!!! Is Electroneum trying to rival the sign up for a fiat bank account ???
Fine, so mommy clicked the link, we must be in now, right ? Not so fast young man, now you need to come up with a 5 digit PIN.
So.. exhausted... now... must... keep... going...
Finally in, all I want to do is get to the wallet bit. But after all that, there's an error generating my wallet. I should try again later. Gee, thanks.
So I go back to the site to try to copy the error message in here in case the devs might find that helpful - now the site gives me a 500 error.
Pray tell how this shoddy excuse of an onboarding experience is worth the almost half a billion market cap ?
submitted by noobidoobido to Electroneum [link] [comments]

The Bitcoin Cash Fund website is now live! Go check it out!

THE BITCOIN CASH FUND
Firstly, we need to say a big thank you to you all for getting us this far. There is so much energy in the community right now. You guys are seriously awesome! You are by far the biggest asset to Bitcoin Cash, and this is what we need to leverage to take it mainstream. You can find the website at www.thebitcoincash.fund Go and check it out! Sign up to our subscriber list to get updates on the projects that we are funding. The projects we are funding always need volunteers to help them expand their reach. We would like to announce our board, advisors and generous sponsors.
BOARD
Paul Wasensteiner (aka Singularity). I have been a Bitcoiner (now Casher) since mid-2011 when I discovered Bitcoin shortly after the first $30 price bubble. Since then, I have been highly active in the community, although it wasn't until this year that I dove into Bitcoin full time. I started the BTCforks initiative last year with Freetrader, which was a precursor to the Bitcoin Cash initiative. Until recently, I spent my time in the community trying to correct misinformation and educate newcomers. After Bitcoin Cash successfully launched, I decided to make a positive change and instead put my energy into pushing Bitcoin Cash forward. I have a wide range of experience and expertise, and have had two businesses of my own in the past. I am working towards changing the world for the better, and I feel Bitcoin Cash is one way of achieving this. I launched the Bitcoin Cash Fund initiative on 14th, November 2017 to expand Bitcoin Cash adoption.
Ian Descôteaux (aka checksum0/FractalGlitch). Ian found out about bitcoin on January 3rd, 2010 after reading a piece on it. He spent time CPU and GPU mining, both solo and with Mining Team Reddit and Slush. After a break from Bitcoin, he reinvested in mining when the Bitmain S1 was released, and has kept this endeavor going ever since. It was at this time that fees started to increase and he realised that this may become an issue in the future. Today he owns and operates a private 4 MW mining facility in North America. Bitcoin Cash is the plan he signed up for when he first got into the bitcoin space.
Haipo Yang Haipo is the CEO and founder of ViaBTC. He graduated from Northwestern Polytechnical University of China in 2012, majored in mathematics. After graduation he worked as a developer at Tencent Weibo (China’s Twitter) and then FUTU, a Tencent-invested Hong Kong stock exchange. YANG is one of the earliest adopters and investors of Bitcoin and has in-depth understanding in blockchain technology. YANG began to be involved in Bitcoin in 2013. Between 2014 and 2015, YANG started his career in cryptocurrency industry and led the R&D team at ZeusMiner, the former TOP3 Scrypt miner in the world. In April 2016, YANG committed himself to the development of ViaBTC Bitcoin pool and released the initial version after two months of extensive coding effort.
ADVISORS
Roger Ver Roger was an early investor in bitcoin related startups. He has been a prominent supporter of bitcoin adoption and saw bitcoin as a means to promote economic freedom. He now promotes Bitcoin Cash, a different cryptocurrency. He identifies as a libertarian, an anarcho-capitalist, peace advocate and advocates for individualism and voluntaryism.
Jack Liu Jack C. Liu formerly served as Chief Strategy Officer of OKCoin Group, leading the company's international unit, and co-founding its latest products including OKEx and OKLink.
Peter Rizun Dr. Peter Rizun is a physicist and entrepreneur. Chief Scientist for Bitcoin Unlimited, an organization which provides software that powers the backbone of the Bitcoin network. His research focuses on understanding and overcoming the bottlenecks preventing Bitcoin from scaling to a global peer-to-peer electronic cash system.
Mike Komaransky Mike has been an investor and advocate of Bitcoin since 2010. Mike was a partner at the trading firm DRW, and was Head of Trading at Cumberland Mining from 2014 until June 2017.
SPONSORS
Bitcoin.com Bitcoin.com is a premier source for everything Bitcoin related. They can help you buy bitcoins, choose a bitcoin wallet. You can also read the latest news, or engage with the community on their Bitcoin Forum.
ViaBTC ViaBTC was founded in May 2016 as an innovation-intensive startup dedicated to cryptocurrency. They’ve developed the world’s top Bitcoin mining pool with the most advanced deployment technology. They’ve also released mining pools for competing coins and cloud mining products.
Yours The mission at Yours is to improve the quality of content on the internet by getting people paid for creating and discovering good content. They're making everyone in the world an entrepreneur on their smartphone. They believe peer-to-peer payments are the missing piece in social media.
PROJECTS There are already a number of projects underway. -A short animated video explaining Bitcoin Cash. -A short live-action video explaining how a user uses BCH and, how a business uses/accepts BCH. Project to travel around Seatac in the US with POS systems, information packs, and stickers to onboard new businesses. -Create a BCH logo animation (https://www.youtube.com/watch?v=UOS-4PxZi2o&lc=z23qwpqa4u2mxncqf04t1aokg0yj24dloirdqqxpeo1kbk0h00410) (Sound design still in progress). -Create payment sound branding to be applied as an industry standard for maximum impact. -Hand out well designed, fun Bitcoin Cash stickers for students to stick on their laptops and lockers etc. -Put up Bitcoin Cash flyers on all message boards at MIT. -Giving out free stickers on Twitter for tweets about Bitcoin Cash.
We need far far more though! Get in contact with us (Contact form on our website) and submit a proposal. Start organising! Put ideas out into the community and find people with the skills you need to execute! We are here to help you do this! Join our slack. Subscribe to bitcoincashmarketing and start developing projects.
There are so many talented people in the Bitcoin Cash community. You are our biggest asset BY FAR! This is why the Bitcoin Cash Fund is going to be so powerful at driving Bitcoin Cash adoption, because every BCH we push into the community, we know we will get 10 BCH of value, because you guys are amazing!
Our mission is to help Bitcoin Cash serve 1 billion users within 5 years, and we know you are going to help us achieve this. Thank you again to you all. The Bitcoin Cash Fund.
(Yours.org Post)[https://www.yours.org/content/the-bitcoin-cash-fund-website-is-now-live--go-check-it-out--ec40ae6792fd]
Also a big thank you to: Cameron McEwan for designing and building the site from scratch with such a tight deadline. Josh Ellithorpe (zquestz) for getting the site hosted and secured). George Siosi Samuels for handling some of the social media accounts for us. Kheri for handling some of the social media accounts for us
submitted by bitcoincashfund to btc [link] [comments]

Mib Coin Review

Mib Coin Review
https://preview.redd.it/e94g0ygs1dg11.jpg?width=1200&format=pjpg&auto=webp&s=6bb99b59408b156655efc3c27d3b1b26224c2458
Hello to all and welcome to my ICO review .
For those of you who don’t know me yet, let me introduce myself. My name is Funke and I’m an experienced writer who enjoys what he does very much. I’m here to give you all the information you might need or want about The latest Smart Mobile Mining. I plan to make them “easy read, to the point” because what’s important to me is that we all comprehend and absorb the information and actually want to be here learning together about something new.
Today, let us all learn and experience together all about MIB Coin. If you don’t know anything about them, don’t run away, that’s why I’m here, to change that within the next few minutes. Before I begin, I just want to quickly mention that I will be including LINKS so that YOU can do your own research or whatever you feel you need. I feel it’s best to have all of the information in one place, in an organised manner, rather than dotted about the page making what you want hard to find or confusing. All these links will be put at the BOTTOM of this page to keep things easy.
MIB Coin is a new SmartX blockchain platform that gives everybody the ability to get involved with mining through smartphones. Also, to make it easy for people to connect with businesses in a much easier way. MIB has focused on the fundamental solution of maintaining an agile and sustained blockchain network with continuity in the long term, to expand features like a robust platform, and to distribute and maintain nodes with a low cost. With ‘Smart Mining’, it reduces the power consumption by about 15,000% compared to the existing method by significantly lowering the high power consumption, which is a critical issue in mining. Therefore, it reduces the cost of maintaining the blockchain and the social cost. I am going to get straight to the point of who they are since this is such an important factor, as I like to put it, “The Brains behind MIB Coin”. If the team behind the product or service in question haven’t the resources or knowledge, then we know the product or service delivered will possibly not have the quality it should have. We need to know two very important things when we look at a new starting up company: Who are the people/team behind this? What experience and knowledge do they possess?
Okay, so, because I’ve already done all the research needed beforehand and thoroughly MIB Coin I can very happily confirm that this company has a fabulous team onboard. Here they are:
MIB Coin will grow into a real cryptocurrency used by people around the world as the means of exchange, payment, saving, value evaluation function and communication of hard currency. MIB coins use a mobile-based platform, which requires only the minimum amount of power consumed in everyday life. This is because MIB coins only need the power by mobile CPUs compared to the vast amount used by BITCOIN.
The SmartX blockchain platform is expected to become a globalized cryptocurrency that reduces blockchain’s maintenance cost remarkably by applying a lightweight mobile-based hash algorithm aiming for convenience, economy and popularity. This will not be a simple platform change but a change of the cryptocurrency ecosystem.
https://preview.redd.it/nugmnqjt1dg11.png?width=495&format=png&auto=webp&s=be18938112749998f780f7f5b77fbee9985d211b
MIB SmartX Blockchain Platform Structure:
It is not a dedicated mining machine (ASIC or GPU). It is mining on the smartphone. Mining that was exclusive to only certain countries and companies are now available to all. Everyone can participate. An eco-friendly, low-power energy-based mining method solves excessive power consumption issues. Keep it at a minimal cost instead of existing high cost blockchain networks. In addition, a variety of tokens will be created on the SmartX Blockchain Platform MIB platform.
HOW MIB COIN IS MINED
The MIB Coin (www.mibcoin.io) is designed to be mined specifically on mobile devices and can not be mined by powerful mining machines. Mining MIB Coin requires 99.24% less processing power compared to traditional miners, requires very little electricity and the total cost of the process is reduced in a way never seen before. This is simply fantastic because it goes beyond cost reduction by being totally eco-friendly and sustainable. Mining will be accessible to everyone from anywhere with an internet connection from smartphones. Just download the app from the app store, register and start mining. It’s fast, no need to know programming or handle complicated settings that even a 5-year-old could do. The process is completely safe and involves no risk of damage to devices. TOKEN AND ICO DETAILS
Token name: MIB
Platform: SmartX Blockchain
Token price: 1 ETH = 1200 MIB
Total supply: 600,000,000 MIB
Public ICO: Jul 20, 2018 ~ Aug 18, 2018
MIB ALLOCATION
https://preview.redd.it/g3f50mqu1dg11.png?width=1097&format=png&auto=webp&s=caaeafd09162cb56125b59135294729797cea2b2
50% of MIB Coin is allocated as Smart Mining and is available to anyone easily. 27.51% of MIB Coin is used for the maintenance and management of MIB’ network ecosystem. More specifically, 11.67% for Reserve and 15.84% for Extra Marketing. 22.49% of MIB Coin is distributed to MIB Pre-Sales, ICO, and the stakeholders. More specifically, 5.83% for Pre-Sales, 8.33% for ICO, 3.33% for the investors, 3.33% for the advisors, and 1.67% for the team are distributed
USE OF PROCEEDS
35% will be kept in capital reserves 35% will be used for technology development of SmartX Blockchain, Smart Contract, DAPP, token platform, connected platform and security. 10% will be used for the operational cost of marketing, accounting, legal and regulatory purposes 10% will be used for MIB’s global marketing, social media and branding 10% will be used to establish strategic partners, offices, and business development around the world
ROADMAP AND DEVELOPMENT PERSPECTIVE
https://preview.redd.it/rgiadw8v1dg11.png?width=817&format=png&auto=webp&s=f33358cf76b228261ac9f502f684c84481a59e06
TEAM
https://preview.redd.it/5jtzx3ov1dg11.png?width=991&format=png&auto=webp&s=ac494e51546771ed1f7b752a3f1b683d70018d62
In conclusion, anyone can mine with a smartphone. Benchmark your smartphone and allocate a hash rate. MIB is designed so that your smartphone is able to withstand the computational complexity required for mining and protect your smartphone from overheating and damaging the hardware. It`s possible with one smartphone.Reduced power by 99.24% compared to existing mining machines.
This project will be successful and we will all benefit from it.
submitted by ittajj to ico [link] [comments]

The Bitcoin Cash Fund website is now live! Go check it out!

THE BITCOIN CASH FUND
Firstly, we need to say a big thank you to you all for getting us this far. There is so much energy in the community right now. You guys are seriously awesome! You are by far the biggest asset to Bitcoin Cash, and this is what we need to leverage to take it mainstream.
You can find the website at www.thebitcoincash.fund
Go and check it out! Sign up to our subscriber list to get updates on the projects that we are funding. The projects we are funding always need volunteers to help them expand their reach.
We would like to announce our board, advisors and generous sponsors.
BOARD
Paul Wasensteiner (aka Singularity).
I have been a Bitcoiner (now Casher) since mid-2011 when I discovered Bitcoin shortly after the first $30 price bubble. Since then, I have been highly active in the community, although it wasn't until this year that I dove into Bitcoin full time. I started the BTCforks initiative last year with Freetrader, which was a precursor to the Bitcoin Cash initiative. Until recently, I spent my time in the community trying to correct misinformation and educate newcomers. After Bitcoin Cash successfully launched, I decided to make a positive change and instead put my energy into pushing Bitcoin Cash forward. I have a wide range of experience and expertise, and have had two businesses of my own in the past. I am working towards changing the world for the better, and I feel Bitcoin Cash is one way of achieving this. I launched the Bitcoin Cash Fund initiative on 14th, November 2017 to expand Bitcoin Cash adoption.
Ian Descôteaux (aka checksum0/FractalGlitch).
Ian found out about bitcoin on January 3rd, 2010 after reading a piece on it. He spent time CPU and GPU mining, both solo and with Mining Team Reddit and Slush. After a break from Bitcoin, he reinvested in mining when the Bitmain S1 was released, and has kept this endeavor going ever since. It was at this time that fees started to increase and he realised that this may become an issue in the future. Today he owns and operates a private 4 MW mining facility in North America. Bitcoin Cash is the plan he signed up for when he first got into the bitcoin space.
Haipo Yang
Haipo is the CEO and founder of ViaBTC. He graduated from Northwestern Polytechnical University of China in 2012, majored in mathematics. After graduation he worked as a developer at Tencent Weibo (China’s Twitter) and then FUTU, a Tencent-invested Hong Kong stock exchange. YANG is one of the earliest adopters and investors of Bitcoin and has in-depth understanding in blockchain technology. YANG began to be involved in Bitcoin in 2013. Between 2014 and 2015, YANG started his career in cryptocurrency industry and led the R&D team at ZeusMiner, the former TOP3 Scrypt miner in the world. In April 2016, YANG committed himself to the development of ViaBTC Bitcoin pool and released the initial version after two months of extensive coding effort.
ADVISORS
Roger Ver
Roger was an early investor in bitcoin related startups. He has been a prominent supporter of bitcoin adoption and saw bitcoin as a means to promote economic freedom. He now promotes Bitcoin Cash, a different cryptocurrency. He identifies as a libertarian, an anarcho-capitalist, peace advocate and advocates for individualism and voluntaryism.
Jack Liu
Jack C. Liu formerly served as Chief Strategy Officer of OKCoin Group, leading the company's international unit, and co-founding its latest products including OKEx and OKLink.
Peter Rizun
Dr. Peter Rizun is a physicist and entrepreneur. Chief Scientist for Bitcoin Unlimited, an organization which provides software that powers the backbone of the Bitcoin network. His research focuses on understanding and overcoming the bottlenecks preventing Bitcoin from scaling to a global peer-to-peer electronic cash system.
Mike Komaransky
Mike has been an investor and advocate of Bitcoin since 2010. Mike was a partner at the trading firm DRW, and was Head of Trading at Cumberland Mining from 2014 until June 2017.
SPONSORS
Bitcoin.com
Bitcoin.com is a premier source for everything Bitcoin related. They can help you buy bitcoins, choose a bitcoin wallet. You can also read the latest news, or engage with the community on their Bitcoin Forum.
ViaBTC
ViaBTC was founded in May 2016 as an innovation-intensive startup dedicated to cryptocurrency. They’ve developed the world’s top Bitcoin mining pool with the most advanced deployment technology. They’ve also released mining pools for competing coins and cloud mining products.
Yours
The mission at Yours is to improve the quality of content on the internet by getting people paid for creating and discovering good content. They're making everyone in the world an entrepreneur on their smartphone. They believe peer-to-peer payments are the missing piece in social media
PROJECTS
There are already a number of projects underway.
A short animated video explaining Bitcoin Cash.
A short live-action video explaining how a user uses BCH and, how a business uses/accepts BCH.
Project to travel around Seatac in the US with POS systems, information packs, and stickers to onboard new businesses.
Create a BCH logo animation (https://www.youtube.com/watch?v=UOS-4PxZi2o&lc=z23qwpqa4u2mxncqf04t1aokg0yj24dloirdqqxpeo1kbk0h00410) (Sound design still in progress).
Create payment sound branding to be applied as an industry standard for maximum impact.
Hand out well designed, fun Bitcoin Cash stickers for students to stick on their laptops and lockers etc.
Put up Bitcoin Cash flyers on all message boards at MIT.
Giving out free stickers on Twitter for tweets about Bitcoin Cash.
We need far far more though! Get in contact with us (Contact form on our website) and submit a proposal. Start organising! Put ideas out into the community and find people with the skills you need to execute! We are here to help you do this! Join our slack. Subscribe to bitcoincashmarketing and start developing projects.
There are so many talented people in the Bitcoin Cash community. You are our biggest asset BY FAR! This is why the Bitcoin Cash Fund is going to be so powerful at driving Bitcoin Cash adoption, because every BCH we push into the community, we know we will get 10 BCH of value, because you guys are amazing!
Our mission is to help Bitcoin Cash serve 1 billion users within 5 years, and we know you are going to help us achieve this.
Thank you again to you all.
The Bitcoin Cash Fund.
(Yours.org Post)[https://www.yours.org/content/the-bitcoin-cash-fund-website-is-now-live--go-check-it-out--ec40ae6792fd]
Also a big thank you to:
Cameron McEwan for designing and building the site from scratch with such a tight deadline.
Josh Ellithorpe (zquestz) for getting the site hosted and secured).
George Siosi Samuels for handling some of the social media accounts for us.
Kheri for handling some of the social media accounts for us.
submitted by bitcoincashfund to Bitcoincash [link] [comments]

The Bitcoin Cash Fund website is now live! Go check it out!

THE BITCOIN CASH FUND
Firstly, we need to say a big thank you to you all for getting us this far. There is so much energy in the community right now. You guys are seriously awesome! You are by far the biggest asset to Bitcoin Cash, and this is what we need to leverage to take it mainstream.
You can find the website at www.thebitcoincash.fund
Go and check it out! Sign up to our subscriber list to get updates on the projects that we are funding. The projects we are funding always need volunteers to help them expand their reach.
We would like to announce our board, advisors and generous sponsors.
BOARD
Paul Wasensteiner (aka Singularity).
I have been a Bitcoiner (now Casher) since mid-2011 when I discovered Bitcoin shortly after the first $30 price bubble. Since then, I have been highly active in the community, although it wasn't until this year that I dove into Bitcoin full time. I started the BTCforks initiative last year with Freetrader, which was a precursor to the Bitcoin Cash initiative. Until recently, I spent my time in the community trying to correct misinformation and educate newcomers. After Bitcoin Cash successfully launched, I decided to make a positive change and instead put my energy into pushing Bitcoin Cash forward. I have a wide range of experience and expertise, and have had two businesses of my own in the past. I am working towards changing the world for the better, and I feel Bitcoin Cash is one way of achieving this. I launched the Bitcoin Cash Fund initiative on 14th, November 2017 to expand Bitcoin Cash adoption.
Ian Descôteaux (aka checksum0/FractalGlitch).
Ian found out about bitcoin on January 3rd, 2010 after reading a piece on it. He spent time CPU and GPU mining, both solo and with Mining Team Reddit and Slush. After a break from Bitcoin, he reinvested in mining when the Bitmain S1 was released, and has kept this endeavor going ever since. It was at this time that fees started to increase and he realised that this may become an issue in the future. Today he owns and operates a private 4 MW mining facility in North America. Bitcoin Cash is the plan he signed up for when he first got into the bitcoin space.
Haipo Yang
Haipo is the CEO and founder of ViaBTC. He graduated from Northwestern Polytechnical University of China in 2012, majored in mathematics. After graduation he worked as a developer at Tencent Weibo (China’s Twitter) and then FUTU, a Tencent-invested Hong Kong stock exchange. YANG is one of the earliest adopters and investors of Bitcoin and has in-depth understanding in blockchain technology. YANG began to be involved in Bitcoin in 2013. Between 2014 and 2015, YANG started his career in cryptocurrency industry and led the R&D team at ZeusMiner, the former TOP3 Scrypt miner in the world. In April 2016, YANG committed himself to the development of ViaBTC Bitcoin pool and released the initial version after two months of extensive coding effort.
ADVISORS
Roger Ver
Roger was an early investor in bitcoin related startups. He has been a prominent supporter of bitcoin adoption and saw bitcoin as a means to promote economic freedom. He now promotes Bitcoin Cash, a different cryptocurrency. He identifies as a libertarian, an anarcho-capitalist, peace advocate and advocates for individualism and voluntaryism.
Jack Liu
Jack C. Liu formerly served as Chief Strategy Officer of OKCoin Group, leading the company's international unit, and co-founding its latest products including OKEx and OKLink.
Peter Rizun
Dr. Peter Rizun is a physicist and entrepreneur. Chief Scientist for Bitcoin Unlimited, an organization which provides software that powers the backbone of the Bitcoin network. His research focuses on understanding and overcoming the bottlenecks preventing Bitcoin from scaling to a global peer-to-peer electronic cash system.
Mike Komaransky
Mike has been an investor and advocate of Bitcoin since 2010. Mike was a partner at the trading firm DRW, and was Head of Trading at Cumberland Mining from 2014 until June 2017.
SPONSORS
Bitcoin.com
Bitcoin.com is a premier source for everything Bitcoin related. They can help you buy bitcoins, choose a bitcoin wallet. You can also read the latest news, or engage with the community on their Bitcoin Forum.
ViaBTC
ViaBTC was founded in May 2016 as an innovation-intensive startup dedicated to cryptocurrency. They’ve developed the world’s top Bitcoin mining pool with the most advanced deployment technology. They’ve also released mining pools for competing coins and cloud mining products.
Yours
The mission at Yours is to improve the quality of content on the internet by getting people paid for creating and discovering good content. They're making everyone in the world an entrepreneur on their smartphone. They believe peer-to-peer payments are the missing piece in social media
PROJECTS
There are already a number of projects underway.
-A short animated video explaining Bitcoin Cash.
-A short live-action video explaining how a user uses BCH and, how a business uses/accepts BCH.
-Project to travel around Seatac in the US with POS systems, information packs, and stickers to onboard new businesses.
-Create a BCH logo animation (https://www.youtube.com/watch?v=UOS-4PxZi2o&lc=z23qwpqa4u2mxncqf04t1aokg0yj24dloirdqqxpeo1kbk0h00410) (Sound design still in progress).
-Create payment sound branding to be applied as an industry standard for maximum impact.
-Hand out well designed, fun Bitcoin Cash stickers for students to stick on their laptops and lockers etc.
-Put up Bitcoin Cash flyers on all message boards at MIT.
-Giving out free stickers on Twitter for tweets about Bitcoin Cash.
We need far far more though! Get in contact with us (Contact form on our website) and submit a proposal. Start organising! Put ideas out into the community and find people with the skills you need to execute! We are here to help you do this! Join our slack. Subscribe to bitcoincashmarketing and start developing projects.
There are so many talented people in the Bitcoin Cash community. You are our biggest asset BY FAR! This is why the Bitcoin Cash Fund is going to be so powerful at driving Bitcoin Cash adoption, because every BCH we push into the community, we know we will get 10 BCH of value, because you guys are amazing!
Our mission is to help Bitcoin Cash serve 1 billion users within 5 years, and we know you are going to help us achieve this.
Thank you again to you all. The Bitcoin Cash Fund.
(Yours.org Post)[https://www.yours.org/content/the-bitcoin-cash-fund-website-is-now-live--go-check-it-out--ec40ae6792fd]
Also a big thank you to: Cameron McEwan for designing and building the site from scratch with such a tight deadline. Josh Ellithorpe (zquestz) for getting the site hosted and secured). George Siosi Samuels for handling some of the social media accounts for us. Kheri for handling some of the social media accounts for us.
submitted by bitcoincashfund to bitcoincashmarketing [link] [comments]

[Mining] - Need help with Nvidia RIG

Hi guys, I need some pro help.
I have the following setup (took from my previous Bitcoin experience): - 3 PC with 2 NVidia GPU onboard each (ubuntu 14.04) - on 1st PC I have installed geth and 2 instances of ethminer (cpp) - on 2nd and 3rd PC I have installed only ethminer (cpp)
the Geth server is connected to internet behind a firewall, I opened 30303 TCP/UDP and 8545 TCP. also other 2 servers are connected on internet but no open ports inbound.
I started geth with the following command:
geth --rpc --rpcaddr "0.0.0.0" --rpcport 8545 --rpccorsdomain "" consolegeth --rpc --rpcaddr "0.0.0.0" --rpcport 8545 --rpccorsdomain "" console
I started ethminer with the following command:
ethminer -F http://[geth-Machine]:8545 -G --opencl-device 0
My problem is that when I go to geth console and type miner.hashrate it just display 0. If I type miner.start() the hashrate ramp up to 500Kh/s, but on the ethminer tabs I can clearly see that is mining on 6Mh/s each GPU.
I successfully mined 1 blocks and on https://etherchain.org it reports an hashrate of 15Mh/s, but if I do some math it should be at least double (6GPU at 6Mh/s each should be 36Mh/s).
What I would need to know now is: - Is there a way which I can meeter the total hashpower of my rig? - Do I need to type miner.start() or leave it stopped on Geth (I suppose started).
Any help would be very appreciate and tipped.
Thank you.
submitted by croll83 to ethereum [link] [comments]

2GB GPU – parity and ethminer – June 2017 – GPU can't allocate the DAG in a single chunk. Bailing. - how big is a DAG?

Hello, I hope somebody knows what to do. I'm completely new to cryptocurrency mining, started today in the morning. I read some articles and saw online vids about ethereum wich totally caught my interest. As for now, I'm trying to get the ethminer to work but with no success. At first I started to download the Ethereum blockchain via geth, but while loading in the background I read more articles/forum posts, that it will take quite some time, even days in fact. Also I'm not sure about the size of the blockchain, but I also read that it's almost 60GB big in size and increasing steadily. That's why I deleted some games from my 120GB SSD, now I've around 50GB free space. So I loocked for alternatives and found parity, wich syncs WAY faster with the blockchain and you don't have to download it entireley.
After some toying around with it, I think I actually got it set up right, it seems synced with the most recent blocks (#3934469) and I also got an address wich I can see in the parity browser interface. Also, I got ethminer (0.9.41-genoil-1.1.6-pre) running, but only to a certain point. Here is it how I do it atm:
I open 2 command prompts, one for parity, one for ethminer. For parity I simply drag and drop the folder containing the .exe, actually erase „.exe“ and replace it then with „--author 0034468D471D2F1dD63aFDFbE12fbaC7e594a090 --chain homestead“ and press enter. It then works I guess, but I don't know for certain if the blockchain reward would go to my address. For ethminer I also drag and drop it into the command prompt, erase .exe and type „ -G“ and hit enter. It works at first, but I read the line „Allocating/mapping DAG buffer failed with: clCreateBuffer(-61). GPU can't allocate the DAG in a single chunk. Bailing“ followed by some lines saying „hh:mm:ss | main Mining on PoWash #0dee0fe5 : 0.00MH/s [A0+0:R0+0:F0]“ and ends with „Got work package: #bf3fe4af“ but it doesn't continue from there, while the parity command prompt just keeps running.
I can't get any further than this for now. Most posts I can find regarding this issue are from 2016. I can't find a simple answer on how big the DAG is of TODAY, is it over 2GB? Can you even mine ether with a 2GB GPU? Are there actually better mining softwares than ethminer? I installed the newest driver version for my GPU and entered some stx gpu commands wich should set the usage to 100% or something wich I found in some articles regarding this issue.
My specs, AMD A8-6600K CPU overclocked to 4,4MhZ, Radeon R7 200 GPU with 2GB memory size, 120GB SSD, windows 8.1. Also I've the onboard graphics turned off in the BIOS.
I've also created an account on Kraken, where I planned to trade ether for euro. Are there currently other major cryptocoins I could mine with this rig? For now I'm too tired and probably will continue researching a bit more tomorrow, but I think mining Bitcoin for example wouldn't work for me with this rig aswell.
On a sidenote, my android mobile wich I use for USB tethering so I've internet access on my PC is restarting by itself since I'm trying this all out, I swear I never experienced this problem before and I had intense gaming sessions with multiple hours before without it shutting down.
Thank you
submitted by changeusdtoreal to EtherMining [link] [comments]

Trouble getting into BIOS/Install Windows 7 [New Computer][MOTHERBOARD]

Hey! I'm having some difficulties setting up a new rig. It boots up fine, but when I get to the "choose language" page of the Windows 7 installation the rig either freezes or doesn't recognize the mouse or keyboard.
I've read that some problems might arise with legacy USB devices, and so I've attempted to get to the BIOS and resolve the issue. When I press "delete" on boot, the screen goes dark and has a singular white dot. I have gotten to the BIOS once during the process, but this was before I thought to edit the USB setting. Any help would be much appreciated. Thanks!
EDIT: I do get the one short beep during startup from the onboard speaker.
Build: MOBO: ASRock H110 Pro BTC+ 13GPU Mining Motherboard CryptoCurrency
RAM: Corsair Vengeance LPX 8GB (2x4GB) DDR4 DRAM 2400MHz (PC4 19200) C16 Memory Kit - Black
Storage: SanDisk SSD PLUS 120GB Solid State Drive (SDSSDA-120G-G26) [Newest Version]
CPU: Intel BX80677G3930 7th Gen Celeron Desktop Processors Power Supply:
Power Supply 1600W Full Modular Power Supply 90 Gold For 6 GPU Rig Eth Ethereum Bitcoin Mining, GPU 6+2Pin, Miner's choice
submitted by qurty80 to buildapchelp [link] [comments]

Just the weirdest, most inexplicable sht I've ever dealt with in a rig. [PC, blackscreening, semi-random]

Hi all.
I'm utterly, utterly baffled. Stumped. Bemused. Befuddled. Bamboozled. I cannot explain this. At all.
I crash on my desktop, often (but not always) while opening Chrome. Crash can be 1m after boot, or 4 hours after boot. Machine blackscreens, stops responding, doesn't send anything to the monitor or respond to scroll lock or capslock.
Fairly standard - but I do NOT crash if there's a game running. Literally can run GW2 for as long as I need to, or warframe, or Titanfall, and it's solid as a rock.
I've arranged an RMA for my GPU as it's the most recent addition to the sytem (25 Feb 2014) and it was blackscreening on wake (but with a responsive PC/keyboard and the media server was still up), but I'm stumped. I've never seen anything like this.
What causes a rig to blackscreen when browsing or opening explorer, but doesn't have ANY problems when it's running high end games at max rez?
2500k @ 4.5GHz
R9 290 4GB Factory OC
700W Seasoninc PSU
1 SSD (OS + Games)
2 HDD (Stuff)
Midrange Gigabyte mobo, nothign special
8GB DDR3 @ 1600MHz
Win 8 64 Bit
etc etc.
EDIT: Memtest results are in. No problems found. Ran for 8 hours, zero errors.
http://imgur.com/wDBxVES
Ran MS Defender, no viruses found.
Instaleld Avast, turned off MS Defender, full scan, no viruses found.
Ran MWAB:
Files Detected: 11 D:\Media\Downloads\cgminer-3.8.5-windows.7z (PUP.Optional.Cgminer) -> Quarantined and deleted successfully. D:\Media\Downloads\DuplicateCleaner_setup (1).exe (PUP.Optional.OpenCandy) -> Quarantined and deleted successfully. D:\Media\Downloads\DuplicateCleaner_setup.exe (PUP.Optional.OpenCandy) -> Quarantined and deleted successfully. D:\Media\Downloads\FileBot-setup.exe (PUP.Optional.OpenCandy) -> Quarantined and deleted successfully. D:\Media\Downloads\guiminer-scrypt_win32_binaries_v0.03.zip (PUP.BitCoinMiner) -> Quarantined and deleted successfully. D:\Media\Downloads\pooler-cpuminer-2.3.2-win64.zip (Riskware.BitcoinMiner) -> Quarantined and deleted successfully. D:\Media\Downloads\cgminer-3.8.5-windows\cgminer.exe (PUP.Optional.Cgminer) -> Quarantined and deleted successfully. D:\Media\Downloads\cpuminer\minerd.exe (Riskware.BitcoinMiner) -> Quarantined and deleted successfully. D:\Media\Downloads\LTC_minerz\poclbm.exe (Trojan.BtcMiner.TS) -> Quarantined and deleted successfully. D:\Media\Downloads\LTC_minerz\cgminer\cgminer.exe (PUP.BitCoinMiner) -> Quarantined and deleted successfully. D:\Media\Downloads\LTC_minerz\stratumproxy\mining_proxy.exe (PUP.Proxy.BCM) -> Quarantined and deleted successfully.
Nuked 'em.
Wonder if I have (or hopefully had) a malware issue. GW2 is running in the background and it's still not crashed...
Ideas anyone? Am thinking about ordering a new CPU/Mobo and seeing if that fixes it - next on the list (after another crash) is going to be a W8 re-install.
OS re-installed and BIOS updated, still crashes. Definitely hardware. Definitely not RAM, definitely not storage (SSD or HDD). Crashes still independent of load - but most common when clicking on something (Firefox, Chrome or Evernote for example).
So the candicate list as far as I can work out is:
CPU (moderately likely, though stressing with linpack or OCCT or prime does not cause crashes, and it's happy while playing GW2) mobo (happy while gaming, unhappy when asked to execute a crappy little prgraom like Chrome. Weird? gotta be unlikely) PSU - Feeling like this is a likely candidate. GPU - but doesn't crash when rendering ~100 players at max res in GW2.
Soooooo.... can anyone think of a thing to test next?
Final edit: running on the onboard GPU on mah telly. Flawless, no crashes at all. I think it's the GPU, the 2D processing chip or whatever must've been borked.
Recap: new GPU, no crashes. All is now good!
submitted by SupahSpankeh to techsupport [link] [comments]

The Bitcoin Cash Fund website is now live! Go check it out!

THE BITCOIN CASH FUND
Firstly, we need to say a big thank you to you all for getting us this far. There is so much energy in the community right now. You guys are seriously awesome! You are by far the biggest asset to Bitcoin Cash, and this is what we need to leverage to take it mainstream.
You can find the website at www.thebitcoincash.fund
Go and check it out! Sign up to our subscriber list to get updates on the projects that we are funding. The projects we are funding always need volunteers to help them expand their reach.
We would like to announce our board, advisors and generous sponsors.
BOARD
Paul Wasensteiner (aka Singularity).
I have been a Bitcoiner (now Casher) since mid-2011 when I discovered Bitcoin shortly after the first $30 price bubble. Since then, I have been highly active in the community, although it wasn't until this year that I dove into Bitcoin full time. I started the BTCforks initiative last year with Freetrader, which was a precursor to the Bitcoin Cash initiative. Until recently, I spent my time in the community trying to correct misinformation and educate newcomers. After Bitcoin Cash successfully launched, I decided to make a positive change and instead put my energy into pushing Bitcoin Cash forward. I have a wide range of experience and expertise, and have had two businesses of my own in the past. I am working towards changing the world for the better, and I feel Bitcoin Cash is one way of achieving this. I launched the Bitcoin Cash Fund initiative on 14th, November 2017 to expand Bitcoin Cash adoption.
Ian Descôteaux (aka checksum0/FractalGlitch).
Ian found out about bitcoin on January 3rd, 2010 after reading a piece on it. He spent time CPU and GPU mining, both solo and with Mining Team Reddit and Slush. After a break from Bitcoin, he reinvested in mining when the Bitmain S1 was released, and has kept this endeavor going ever since. It was at this time that fees started to increase and he realised that this may become an issue in the future. Today he owns and operates a private 4 MW mining facility in North America. Bitcoin Cash is the plan he signed up for when he first got into the bitcoin space.
Haipo Yang
Haipo is the CEO and founder of ViaBTC. He graduated from Northwestern Polytechnical University of China in 2012, majored in mathematics. After graduation he worked as a developer at Tencent Weibo (China’s Twitter) and then FUTU, a Tencent-invested Hong Kong stock exchange. YANG is one of the earliest adopters and investors of Bitcoin and has in-depth understanding in blockchain technology. YANG began to be involved in Bitcoin in 2013. Between 2014 and 2015, YANG started his career in cryptocurrency industry and led the R&D team at ZeusMiner, the former TOP3 Scrypt miner in the world. In April 2016, YANG committed himself to the development of ViaBTC Bitcoin pool and released the initial version after two months of extensive coding effort.
ADVISORS
Roger Ver
Roger was an early investor in bitcoin related startups. He has been a prominent supporter of bitcoin adoption and saw bitcoin as a means to promote economic freedom. He now promotes Bitcoin Cash, a different cryptocurrency. He identifies as a libertarian, an anarcho-capitalist, peace advocate and advocates for individualism and voluntaryism.
Jack Liu
Jack C. Liu formerly served as Chief Strategy Officer of OKCoin Group, leading the company's international unit, and co-founding its latest products including OKEx and OKLink.
Peter Rizun
Dr. Peter Rizun is a physicist and entrepreneur. Chief Scientist for Bitcoin Unlimited, an organization which provides software that powers the backbone of the Bitcoin network. His research focuses on understanding and overcoming the bottlenecks preventing Bitcoin from scaling to a global peer-to-peer electronic cash system.
Mike Komaransky
Mike has been an investor and advocate of Bitcoin since 2010. Mike was a partner at the trading firm DRW, and was Head of Trading at Cumberland Mining from 2014 until June 2017.
SPONSORS
Bitcoin.com
Bitcoin.com is a premier source for everything Bitcoin related. They can help you buy bitcoins, choose a bitcoin wallet. You can also read the latest news, or engage with the community on their Bitcoin Forum.
ViaBTC
ViaBTC was founded in May 2016 as an innovation-intensive startup dedicated to cryptocurrency. They’ve developed the world’s top Bitcoin mining pool with the most advanced deployment technology. They’ve also released mining pools for competing coins and cloud mining products.
Yours
The mission at Yours is to improve the quality of content on the internet by getting people paid for creating and discovering good content. They're making everyone in the world an entrepreneur on their smartphone. They believe peer-to-peer payments are the missing piece in social media
PROJECTS
There are already a number of projects underway.
-A short animated video explaining Bitcoin Cash.
-A short live-action video explaining how a user uses BCH and, how a business uses/accepts BCH. Project to travel around Seatac in the US with POS systems, information packs, and stickers to onboard new businesses.
-Create a BCH logo animation (https://www.youtube.com/watch?v=UOS-4PxZi2o&lc=z23qwpqa4u2mxncqf04t1aokg0yj24dloirdqqxpeo1kbk0h00410) (Sound design still in progress).
-Create payment sound branding to be applied as an industry standard for maximum impact.
-Hand out well designed, fun Bitcoin Cash stickers for students to stick on their laptops and lockers etc.
-Put up Bitcoin Cash flyers on all message boards at MIT.
-Giving out free stickers on Twitter for tweets about Bitcoin Cash.
We need far far more though! Get in contact with us (Contact form on our website) and submit a proposal. Start organising! Put ideas out into the community and find people with the skills you need to execute! We are here to help you do this! Join our slack. Subscribe to bitcoincashmarketing and start developing projects.
There are so many talented people in the Bitcoin Cash community. You are our biggest asset BY FAR! This is why the Bitcoin Cash Fund is going to be so powerful at driving Bitcoin Cash adoption, because every BCH we push into the community, we know we will get 10 BCH of value, because you guys are amazing!
Our mission is to help Bitcoin Cash serve 1 billion users within 5 years, and we know you are going to help us achieve this.
Thank you again to you all. The Bitcoin Cash Fund.
(Yours.org Post)[https://www.yours.org/content/the-bitcoin-cash-fund-website-is-now-live--go-check-it-out--ec40ae6792fd]
Also a big thank you to: Cameron McEwan for designing and building the site from scratch with such a tight deadline. Josh Ellithorpe (zquestz) for getting the site hosted and secured). George Siosi Samuels for handling some of the social media accounts for us. Kheri for handling some of the social media accounts for us
submitted by bitcoincashfund to bitcoincashfund [link] [comments]

[Troubleshooting] I have a super weird build with 2 GPU's, and I'm getting no video output from either. The commenter that fixes my problem will be gilded.

(I posted this question to /litecoinmining (and /dogemining), but only got one answer. Just to be sure I want a few more opinions before I go ahead)
I've bought an R9 270, and I have it set up inside a milk crate (litecoin miners know what I'm talking about). The milk crate is sitting next to my gaming computer (I bought a very, very long USB riser to attach the GPU), and I have plugged the gaming computer's PSU into both the powered riser and the new GPU's 6-pin slot. The R9 270 is meant to serve as a full-time bitcoin miner, and is drawing it's power from my gaming computer.
However, when I tried to turn on the computer (with both the 6850 and the R9 270 plugged in), almost everything would work fine. I have checked and made sure the CPU, graphics cards, and the hard drive are working fine. However, my monitors would get no input from both the 6850 and the motherboard's HDMI plug. (My motherboard is an Asrock H61M/U3S3)
I then unplugged the R9 270 + it's 1x to 16x riser, and both PSU cords. When I booted the computer back up, I miraculously started getting video input again.
One last thing: Whenever I run the PC while the R9 270 is plugged in, the PC shuts down as soon as I press the power button. Not sure if this is relevant at all, but just thought this could help anyone looking for a solution.
What I've done so far:
What should I do to restore video to my PC so that I can get the mining card set up?
My Gaming Computer's Partlist:
CPU: Intel Pentium G620 2.6GHz Dual-Core Processor
Motherboard: ASRock H61M/U3S3 Micro ATX LGA1155
Motherboard Memory: Corsair 4GB (2 x 2GB) DDR3-1333
Memory Storage: Seagate Barracuda 500GB 3.5" 7200RPM
Video Card: Sapphire Radeon HD 6850 1GB Video Card (Plus the previously mentioned R9 270)
Case: NZXT Phantom 410 (Black/White) ATX Mid Tower Case
Power Supply: Antec Basiq Plus 550W 80+ Certified Semi-Modular ATX Power Supply
TL;DR Installed a R9 270 into my gaming computer as a 24/7 bitcoin mining card. But when I plug it in, I don't get any video from neither my motherboard, the R9 270, nor my 6850. What do I do to restore video?
submitted by Blockman2975 to buildapc [link] [comments]

[Question] Connecting 1 monitor to both onboard and gpu

I use dual monitors, my right one is always connected to my GPU but I connect my left one (better monitor) to my onboard and to my dedicated card(2 different cables, 1 is HDMI, the other DVI-D), depending if I'm bitcoin mining or not (So I can still play light games on my igpu when I'm mining) .
Doing that makes windows think that the monitor is in fact two monitors (I end up with 3 virtual screens instead of 2). Is there a way to disable either the hdmi one or the dvi one and re-enable either on the fly through a program or something so I don't have to actually unplug one of the two cables every time I want to switch from my onboard graphics to dedicated ones?
Thanks
submitted by Cinyk to buildapc [link] [comments]

I found some pictures of my old FalconNW gaming rig from 2012 if anyone is interested.

I bought it with my tax return in 2011 and sold it in 2012 for about half of what i paid. Here's the specs:
Cost: $6500.
Pictures here
By far the dumbest purchase I ever made. I regretted it from day 1. As soon as I received the computer I was on the phone with tech support. Credit to FalconNW, their tech support was excellent, they stayed on the phone with me for hours debugging my graphics issues even after business hours.
My main issue was the quad sli. It would have been nice if they warned me up front that quad sli was barely supported at the time and not really supported at all in games. They just wanted to sell me $1800 in graphics cards. I got the best performance disabling SLI altogether and running everything on half a card. Hence why I sold it a year later.
The coolest thing I was able to do with it was mine bitcoins and run gpu tasks in boinc. It absolutely crushed heh but still wasn't powerful enough to compete with the huge mining pools so it wasn't like I was going to be making any money from it anytime soon, plus running the 2 cards at 100% for extended periods of time didn't seem like a good idea so I only dabbled.
So, why did I buy this behemoth instead of building my own? Well, it's because I've been building computers since I was a kid and after awhile it becomes more of a hassle than fun, especially when you have a large family and have to build all their computers as well. Just once I wanted a computer to be shipped to me already built that would work as well as something I built myself and for the most part, it did.
submitted by zetas2k to buildapc [link] [comments]

Tuning help requested!

Hello fellow Shibes!
I've been mining on my dual GPU rig and thinking I was doing quite well until someone noticed that my hashrate was significantly lower than expected and suggested I take a look at my settings. I couldn't see anything wrong, but I'm always looking for suggestions to improve the hashrate in the box.
I'm running two HD5850 Radeons on Debian and am getting the below hashrate reported by cgminer v. 3.1.1:
-------------------------------------------------------------------------------- [P]ool management [G]PU management [S]ettings [D]isplay options [Q]uit GPU 0: 15.0C | OFF / 0.000h/s | A: 0 R: 0 HW:0 U:0.00/m I: 0 GPU 1: 74.0C 4109RPM | 131.0K/129.7Kh/s | A:10616 R:75 HW:0 U:1.76/m I:11 GPU 2: 74.0C 1339RPM | 131.4K/129.7Kh/s | A:10712 R:78 HW:0 U:1.77/m I:11 -------------------------------------------------------------------------------- 
GPU1 and GPU2 are the Radeon cards, GPU0 is the onboard card being used for monitoring and admin of the server.
My intensity for both cards is set to 11, if I set it to 12, I start getting hardware (HW) errors, if set to 10, then the hashrate is effectively halved.
I start off cgminer with the following parameters: cgminer --scrypt --auto-gpu --auto-fan -d 1 -d 2
I will admit that I'm not too familiar with cgminer, I bought this rig from a friend after GPU mining went unprofitable for Bitcoin, but it was just in time to start mining the sweet sweet Doge. :)
If needed, I can post my config (less my pool data) or I can obtain whatever info you may need to help me.
Thank you in advance!
submitted by firestorm_v1 to dogemining [link] [comments]

CGMiner corrupting video drivers?

Hey Guys,
I'm at my wits end here. I'm trying to get my GPU mining btc so I can warm up my bedroom now that temps are falling. Seems like a cool way to keep the room cozy.
Specs:
Motherboard: ASUS F2A55-M LE FM2 AMD A55 (Hudson D2) HDMI Micro ATX AMD Motherboard with UEFI BIOS
GPU: XFX Core Edition FX-787A-CNFC Radeon HD 7870 GHz Edition 2GB 256-bit GDDR5 PCI Express 3.0 x16
Memory: G.SKILL Sniper Gaming Series 16GB (2 x 8GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Desktop Memory
SSD: SAMSUNG 840 Series MZ-7TD120BW 2.5" 120GB SATA III Internal Solid State Drive (SSD)
Power Supply: CORSAIR HX series HX650 650W ATX12V v2.2 / EPS12V 2.91 SLI Ready 80 PLUS GOLD Certified Modular Active PFC Power Supply
So here's the chain of events:
Fresh install of Windows from the ground up. All windows updates applied.
Installed chipset drivers for motherboard (AMD onboard drivers by and large).
Installed GPU drivers (Catalyst 12.8) plus AMD SDK.
Started up CGMiner 3.4.2 (stable on other builds). Immediate artifacts.
Quit CGMiner, artifacts remain.
Reboot system, entire screen is all blue with vertical white lines, system reboots in infinite loop.
Have to start in safe mode, use AMD driver cleaner to remove all AMD drivers but can't uninstall Catalyst Control Center b/c safe mode doesn't allow msi installs (??? really?).
Restart computer, re-install video card using Catalyst 12.8, try mining, get immediate artifacts.
Tried this three or four times, using Catalyst 12.8 and Catalyst 13.1, alternating PCIe slots with video card. No artifacts until I try to mine with CGMiner (with and without GPU autotune, with and without Memory autotune, alternate using "d" or "9" for intensity, makes no difference).
Used driver sweeper to remove all AMD drivers thinking that maybe the AMD cleaner is incompletely removing drivers (bad idea with AMD supported mobo).
Restart, normal mode BSODs with BUGCODE_USB_DRIVER error, safe mode is fine. I assume video card is dead and remove video card.
Notice motherboard drivers are missing. Reinstall motherboard drivers. Reinstall video card.
Install 13.9 Catalyst.
No issues with stress tests on GPU using video games or freeware stress tests, so I assume GPU is good, plus it is an RMA replacement for a known bad video card, plus issue happened on another known good video card, so I'm pretty confident ruling out an HW issue with the video card. Memtest86+ over 24 hours revealed no issues with RAM.
Anyone else have problems with CGMiner actively corrupting video card drivers? I'm assuming that's the issue because my system is stable until I try mining, and then I have to go through all this hoopla to get my system stable again. I'm at my wits end, and will probably give up on trying to heat my room with bitcoin unless someone has any idea what the hell is going on... Suggestions?
Edit: So it appears to be the video card after all. Evidently the first video card I tried really was a driver issue. When I replaced the first one, I replaced it with a bad video card. Fucking ugh.
submitted by zeusa1mighty to BitcoinMining [link] [comments]

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