Ethereum (ETH) is a popular choice for graphics card (GPU) miners. In 2018, Ethereum smashed its long-term $400 ceiling, and reached more than $1,000. Ethereum GPU Mining Ethereum’s Ethash algorithm is one of many algorithms designed for optimal mining on GPUs. Generally speaking, a GPU is good for mining all GPU-mineable cryptocurrency (including Ethereum Classic, […]Continue Reading
Following the release of the first Bitcoin Lightning Network white paper, published in February 2015, developers have been working on Lightning Network implementations to enhance the throughput and usability of the Bitcoin network. For an overview, see this three-part series on “Understanding the Lightning Network.”
In December 2017, lightning developers ACINQ, Blockstream and Lightning Labs, announced the 1.0 release of the Lightning protocol and the world’s first Lightning test payments on the Bitcoin mainnet across all three implementations. The standardization and deployment of the Lightning Network’s second-level, off-chain payment layer is expected to result in instant bitcoin transactions, improved scalability and lower fees, enabling fast and cheap micropayments.
Blockstream’s implementation of the Lightning spec, c-lightning, is a low-level technology designed to implement the Lightning spec without added complexity. At the same time, Blockstream realizes that developer tools are needed to unlock the power of Lightning for advanced applications, such as those that integrate with credit card companies and with existing online payment systems.
“Web developers will be able to work with c-lightning through their normal programming techniques, and they’ll also get expanded functionality such as currency conversion, invoice metadata, streaming payment updates and webhooks,” reads the Blockstream announcement. “Together, these additions make it easy for developers to use c-lightning to create their own, independent web-payment infrastructures.”
“Lightning Charge makes integration with the Lightning Network much simpler, since it bridges the needs of application developers and the underlying infrastructure, to provide a simple and extensible way to accept Lightning payments,” Blockstream developer Christian Decker said in conversation with Bitcoin Magazine.
“Since the introduction of Lightning Charge, less than 48 hours ago, we have seen a dramatic interest in the Lightning Network, both on the user as well as the developer side,” Decker added. “We have gotten a lot of feedback, and the mainnet network has doubled in the number of participants.”
The desired effect of the Lightning Charge launch was to reach a wider audience, get early feedback from future users and to showcase what will be possible in a not-so-distant future, and I think we have achieved that goal.
Israeli entrepreneur Nadav Ivgi, founder of Bitrated, worked with Blockstream developers to create Lightning Charge. “Together with him we built this new code, or this immediate piece of software that provides this nicer to use interface,” said Decker.
“So far the development for Lightning has been mostly on the network side of things. It’s been very much this close-knit group of people that are building it and are trying to build the infrastructure. Infrastructure is nice to have. But if nobody can actually use it then it’s not worth much, right?”
To test Lightning Charge, Blockstream is launching the Blockstream Store, a working e-commerce site that allows users to make small purchases of stickers and t-shirts. “By offering an early demonstration of this cutting-edge technology, we hope to bring Lightning to life with real-world functionality, providing a way for you to test Lightning and become a part of the micropayment revolution,” states the Blockstream announcement.
The Blockstream Store, built on WordPress and WooCommerce, connects with Lightning Charge and c-lightning through a WooCommerce Lightning Gateway, which Blockstream also released as part of the Elements Project.
The only way to purchase the items in the Blockstream store is with a Lightning payment. A disclaimer warns that, although the products sold in the store are real, this store is for testing and demonstration purposes only.
“Lightning is still very new and contains known and unknown bugs,” reads the disclaimer, adding that users may lose funds.
“We believe this is an important step towards a full rollout of the network as a whole, however we’d like to remind users that the Lightning Network is still experimental and that testnet is to be preferred for testing before making the jump to mainnet,” Decker told Bitcoin Magazine.
This article originally appeared on Bitcoin Magazine.Continue Reading
Crypto-focused social network Yours.org, which enables contributors to earn bitcoin cash for creating content, is poised to ramp up its operations after securing $1.5 million. The Series A funding, courtesy of mining specialists Bitmain and Nchain, will aid the site’s operators in their mission to educate the masses about cryptocurrency and use it in their daily lives.
Bitmain Directs a Fraction of Its Mining Profits Towards a Good Cause
Yours.org, the brainchild of prominent bitcoiner Ryan X Charles, has been one of the most successful sites to have adopted bitcoin cash since the decentralized currency was launched last summer. Elements of news blogs and social networks such as Steemit have been harnessed to create a clean and minimalist portal for sharing internet humor, fiction, art, and cryptocurrency news. The site has been flourishing, with strong weekly growth and an enthusiastic community who cherish the ability to monetize and reward strong content.
Long-time cryptocurrency enthusiasts can fondly recall the first purchase they made with crypto. In most cases, it will have been bitcoin, and, regardless of whether the transaction took place on the dark web or the clearnet, the sensation of experiencing P2P digital cash in action is transformative; life-affirming even. Yet many crypto newcomers, who got in during the digital gold rush of 2017, have yet to savor that feel. Many newbs know only what it is like to buy, hoard, and hodl. But it doesn’t need to be that way, just as it didn’t used to be that way.
Micropayments Made Easy
Bitcoin core has passed the point of being usable for micro-transactions – for now at least – but bitcoin cash is helping to fill that void. Announcing news of the funding that will help secure the site’s future, Yours.org CEO Ryan X Charles wrote:
Anyone anywhere can start earning money for the things they love to do. The potential to change the way social media works and to improve the quality of content on the internet is enormous.
Bitmain’s Jihan Wu also spoke fondly of Yours.org and the work it has done to date in making cryptocurrency spendable in small amounts on the web. The capital that Bitmain and Nchain have provided will help the San Francisco-based Yours.org recruit more engineers as it targets an aggressive growth strategy.
The site forms one of the best online use cases for spending bitcoin cash, which continues to go from strength to strength. This week Kucoin exchange launched bitcoin cash trading pairs. Users will now be able to trade KCS, ACT, DAT, XAS, UTK, and DENT using BCH. Coupled with stories such as the success of the Bitcoin Cash Tippr bot, they’re evidence that BCH is proving to be much more than just a store of value.
Do you think cryptocurrency should be usable for day to day transactions, or is it best as a store of wealth? Let us know in the comments section below.
Images courtesy of Shutterstock.
Keep track of the bitcoin exchange rate in real-time.
The post Social Network Yours.org Raises $1.5m to Introduce Cryptocurrency to the Masses appeared first on Bitcoin News.Continue Reading
First announced in November 2017, the new Halong Mining DragonMint 16T miner is the result of 12 months of R&D and a $30 million investment in development. It has a hashrate of 16th/s with a power consumption of 1440–1480 watts optimized for 240v operation. The DM8575 ASIC runs at 85 GH per chip with a power efficiency of 0.075 J/GH. No special modifications are needed in a data center to use the DragonMint if it is already configured to support a typical Chinese-manufactured ASIC miner.
MyRig (formerly BitmainWarranty) has been providing hosting and retail sales of miners and accessories, PCB design and manufacturing, software engineering and factory approved warranty and repair services since 2013. The partnership with Halong means that MyRig will take care of retail-side distribution, support and warranty services for the DragonMint 16T.
Halong will be manufacturing the DragonMint and continue to sell direct, albeit with a five-unit minimum. Halong told Bitcoin Magazine that the five-unit minimum per order on their site will remain when ordering direct from Halong, but when ordering from MyRig, customers will be able to order single units. They indicated that lead time for shipping at the moment is April 15–30, 2018, and they expect the first batch to go out in March 2018.
According to a MyRig representative, they will ship to any country that either UPS or DHL can deliver to, provided it is not on a sanctions list.
This article originally appeared on Bitcoin Magazine.Continue Reading
What do you get when you mix regulatory threats, an immature market infrastructure and an influx of new investors? Lots of red on the trading screens.Continue Reading
The company is one of the front-runners in this multi-billion industry to introduce the Blockchain technology to the webcam business for more privacy, security and control.
While webcam modeling has quickly become the go-to money-making option when much of the pornography business eroded by the avalanche of free online sexual content, it’s certainly not flawless.
Most models only see 20-40 percent of their earnings, if they see any of it, as many service providers have a minimal required sum, usually about $50, to be gathered before issuing out their payment. This standard policy scares away most first-timers. Cashing out your hard-earned money as a model can also be delayed up to a month due to the payment regulations of these sites and three to five business days rule of traditional bank transfers. And as for the clients, some websites still wall you off until you provide your credit card which makes it pretty hard to remain anonymous.
Traditional platforms will often store all sorts of information like ID numbers, geolocations or even private chats, just to name a few which could be alluring data for hackers to steal. These systems are most likely not open source and thus, no one can ensure it completely the data will be encrypted and will be deleted after a while.
Comes Live Stars into the picture. The startup company is one of the front-runners in this multi-billion industry to solve these problems by introducing Blockchain technology to the webcam business. Apart from crypto economic efficiency, thanks to Blockchain technology they promise to deliver more privacy, security, control and independence than ever before not only for models but clients as well.
Their concept is simple. With the use of Blockchain, their platform will become decentralized helping to cryptographically protect both clients’ and models’ data from fraud. Regarding transactions, Blockchain will also facilitate payment transfers for clients.
By issuing their own Blockchain token, named LIVE which is an ERC20 utility token, the company will speed up payments, minimize transactional error and protect clients’ data. This will eliminate third-party payment costs (and time) almost entirely, and thus give their models a much fairer revenue rate of 70-80 percent compared to traditional platforms. Earnings will be accessible to cash out immediately and even models new to the industry can benefit from the start as there is no minimal required sum.
As far as anonymity goes, Live Stars will only accept Bitcoins or Ethereum for LIVE tokens during their ICO crowdsale (starting from Jan. 15). The company has managed to raise around $1,250,000 so far at their token presale. If they manage to fully launch their service, the focus will remain on using cryptocurrencies to ensure anonymity. But for those users still unfamiliar with the digital gold, they will still leave a door open and let people buy LIVE tokens with fiat currencies using third-party services.
Private video chats and text chats will use webRTC based on one-to-one principle, independently of servers and admins. Another step Live Stars took on their mission to ensure clients can fully hide their identity.
A self-conscious choice
Although, this is not the first time the crypto economy mingled with the adult entertainment world but Live Stars and a few other similar startups really try to take the technology behind cryptocurrencies and apply the advantages of Blockchains to the porn industry. They aim to bring a more bottom-up approach and provide a transparent, fair and more secure trade for sex-workers.
Yet, while the world frantically, at least on the Internet, talks about the revolutionary aspect of cryptocurrencies, most people still don’t really understand what Bitcoins are and why they seem to be so good for us. And if your average person shies away from buying digital cash, so will models likely to hesitate to enter a webcam business where their income will depend on it.
However, according to Live Stars, they have already managed to vow over a number of models to their pre-launched Alpha platform streaming 24/7. This might be the sign the time is ripe for a new Blockchain-savvy generation of sex-workers who will be able to overcome the downsides of the traditional sex industry.
And with its global application, Live Stars might be the one paving the way for this much awaited financial and technical innovation for both the adult industry and its digital geishas.
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