” It isn’t obvious that the world had to work this way.
But somehow the universe smiles on encryption.”
Julian Assange
Nobody yet knows for sure if the universe’s smile is genuine or not.
It is possible that our assumption of mathematical asymmetries is wrong and we find that P actually equals NP, or we find surprisingly quick solutions to specific problems which we currently assume to be hard.
If that should be the case, cryptography as we know it will cease to exist, and the implications would most likely change the world beyond recognition.
“Vires in Numeris”
=
“Strength in Numbers”
epii
Vires in numeris is not only a catchy motto used by bitcoiners.
The realization that there is an unfathomable strength to be found in numbers is a profound one.
Understanding this, and the inversion of existing power balances which it enables changed my view of the world and the future which lies ahead of us.
One direct result of this is the fact that you don’t have to ask anyone for permission to participate in Bitcoin.
There is no page to sign up, no company in charge, no government agency to send application forms to.
Simply generate a large number and you are pretty much good to go.
The central authority of account creation is mathematics.
Bitcoin is built upon our best understanding of reality.
While there are still many open problems in physics, computer science, and mathematics, we are pretty sure about some things.
That there is an asymmetry between finding solutions and validating the correctness of these solutions is one such thing.
That computation needs energy is another one.
In other words: finding a needle in a haystack is harder than checking if the pointy thing in your hand is indeed a needle or not.
And finding the needle takes work.
The vastness of Bitcoin’s address space is truly mind-boggling.
The number of private keys even more so. It is fascinating how much of our modern world boils down to the improbability of finding a needle in an unfathomably large haystack.
I am now more aware of this fact than ever.
Bitcoin taught me that there is strength in numbers.
Hashrate (Hash per second, h/s) is an SI-derived unit representing the number of double SHA-256 computations performed in one second in the bitcoin network for cryptocurrency mining.
Hashrate is also called as hashing power. It is usually symbolized as h/s (with an appropriate SI prefix).
What is hashing power or hash rate?
The hash rate is the primary measure of a Bitcoin miner‘s performance.
In 2014, a miner’s performance was generally measured in Ghash/s, or billions of hashes per second.
The hash/second unit is also part of a common measure of a Bitcoin miner’s electric efficiency in the term watts /Ghash/s, denoted as W/Ghash/s. As 1 watt is equal to 1 joule/s, this measure can also be expressed as J/Ghash, or joules per 1 billion hashes.
Bitcoin network hash rate
The hash/s is also used in calculations of the Bitcoin network’s overall hash rate. Because each miner or mining pool only relays a solved block to the network, the overall hash rate of the network is calculated based on the time between blocks.
While not an accurate measure of network hash rate at any given instance in time, measurements over longer periods can be considered indicative and similar calculations are used in Bitcoin’s difficulty adjustment.
In January 2015, the network hash rate was around 300 Phash/s, or 300 quadrillion hashes per second.
If you compare a bitcoin mining device to one that is designed to mine, for example, Ethereum, you will notice a very large apparent difference in hash rates.
This is because there are many different algorithms that cryptocurrencies use. They all require different amounts of memory and computing power in order to be mined.
To put it simply, bitcoin and its SHA256 algorithm is considered by today standards to be relatively easy to compute. As a result, a mining device that is still relevant today would need to produce hashes in the terahash range and up.
If we were to compare this to Ethereum, you’ll find that most modern Ethereum mining devices (typically GPU’s) operate in the megahash range.
At first glance, you may think that the bitcoin mining device is significantly more powerful or more productive.
While it’s true that it produces more hashes (of the SHA256 variety), this is because bitcoin hashes are easier to produce computationally.
As a consequence, the network difficulty is significantly higher for bitcoin.
To make things even more confusing, some cryptocurrencies intentionally chose algorithms that can only be mined using a basic CPU.
As a result, mining devices for this network that can produce hundreds of hashes per second are considered to be high and very competitive.
So what does all this mean?
Basically, it means that looking at the hash rate alone doesn’t necessarily tell you the effectiveness of the miner.
You also need to understand the network difficulty, and what the norm is for most mining devices for that particular cryptocurrency.
How can I calculate how many hashes I generate per second?
Your problem breaks down nicely into 3 separate tasks:
Sharing a single count variable across threads
Benchmarking thread completion time
Calculating hashes p/sec
Sharing a single count variable across threads
Now that we know that not all hashes are the same we need to know how to calculate the estimated profitability of a miner based on its hash rate.
For this, will need to use a mining profitability calculators, they are available in the Internet.
public static class GlobalCounter
{ public static int Value { get; private set; }
public static void Increment() { Value = GetNextValue(Value); }
private static int GetNextValue(int curValue) { return Interlocked.Increment(ref curValue); }
public static void Reset() { Value = 0; } }
Before you spin off the threads call GlobalCounter.
Reset and then in each thread (after each successful hash) you would call GlobalCounter.
Increment – using Interlocked.X performs atomic operations of Value in a thread-safe manner, it’s also much faster than lock.
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
• Think and Grow Rich (1937) • The Law of Success (1928) • Outwitting the Devil (1938)
Spouse :
Florence Elizabeth Horner (1910–1935)
Rosa Lee Beeland (1937–1940?)
Annie Lou Norman (1943–1970)
Children : 3
Hill is, in modern times, a controversial figure.
Accused of fraud, modern historians also doubt many of his claims, such as that he met Andrew Carnegie and that he was an attorney.
Gizmodo has called him "the most famous conman you've probably never heard of".
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In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” Satoshi Oct. … Continue reading Bitcoin White Paper turn 15→
Genesis Fire Protection > USA based fire protection company, fire extinguishers and fire suppression systems.
Gray and Sons > Online shop – Jewelry, Watches, and accessories.
Gyft > Buy, Send, & Redeem Gift Cards
HePays > dating website.
Hi-Tech > Computer service provider, website is very bad, probably they’re out of business.
Lamborghini Newport Beach > authorized dealership in Orange County providing Super Sports Cars to Southern California
Microsoft > you can charge your account with BTC
Mint > Finance service, all your finance in single place. “When you’re on top of your money, life is good. We help you effortlessly manage your finances in one place.”
Mosaika > Shop online for your jewelry, and pay with Bitcoin.
My Gemologist > Shop for jewelry, or CREATE your own design, and pay with bitcoin.
Namecheap > Domain Name Registrar
NewEgg > Online shop
OpenBazzar > Decentralized marketplace – Online eCommerce platform that unites buyers/sellers by virtue of the P2P/peer-to-peer network
Overstock > Online shop – designer brands and home goods
Piiko > Send money to your friends and family online or top up while travelling. Almost 600 providers from 137 countries. Pay with Bitcoin, Dash or Stellar at best rates possible.
Pizza for coins > Order Pizza online and pay with BTC
Pure VPN > VPN Service: Access US Netflix Instantly for just $2.87/m Making Security and Freedom Accessible for Anyone, Anywhere!
Purse > Online shop – buy from amazon using BTC and get a discount!
RandyBrito > Freelancer – A web developer with a passion for Bitcoin, Economics and freedom.
Reeds > USA based jewlery – Personally I like their goods (looks only, haven’ bought any yet)
Restaurants list > a map of USA restaurants that accept Bitcoin. (can anyone verify any of them?)
Sad Truth Supply > Pins, Patches, and other accessories for bitcoin.
Save the Children > Charity accepting BTC payment. P.S: probably you’ll need to contact them first to donate in bitcoin.
Silver.ag > Jewelry and Accessories for Bitcoin.
SoftRare > software solutions provider, probably out of business since their website has copyright logo for 2015
SteadyTurtle > Buy Hosting&Domain -I use them for years,great service.
Tanzanite America > North American member of The Tanzanite Authority, a group of like-minded collectors, investors, and who are dedicated to informing and supplying the very finest top quality AAA certified Tanzanite.
XBT Freelancer > Freelancing platform – Hire a freelancer or work as one, for bitcoins.
mclarennb > Authorized McLaren Dealer
List of stuff you can use bitcoin for.
Website – Information
4Chan > do we really need to tell you what this is??
ALFA Top > Top-up your mobile phone with bitcoin or other cryptocurrency
All4btc > Online shop – buy from Amazon, Dell, Ebay, and Lenovo using BTC
Altushost > Hosting service – VPS – dedicated – web hosting – SSL certificates …
Alza > Buy electronic/mobile phones/health&beauty and a lot more (EU based)
Apmex > Buy Gold/Silver/Platinum -Never try,but I think they have good reputation.
Bastone & Co. > Hand made collection shop.
Bit Market > list of store that accept bitcoin in Philippines
Bit Refill > Recharge prepaid phones with Bitcoin
Bit Watches > USA based Luxury watches store.
BitDials > Online shop – Buy watches and jewelry using BTC.
BitGigs > Gigs for bitcoins.
BitPay > bitcoin payment service provider
Bitcoin RealEstate > Buy Real Estate with cryptocurrency – Sell your property for Bitcoin
Bitcoin Travel > Travel agency – Book your flight/hotel using bitcoin.
Bitrefill > Top up your prepaid phone, over 140 countries supported.
CR Servers > Hosting service.
CallWithUs > VOIP service that accepts BTC, pay only for the calls you make! There are no recurring membership fees
CoinPayments > -Payment Gateway -Use them many time for different service.
CoinVet > Coinvet is the groundbreaking new jobs and gigs marketplace where the crowd helps you find the best professionals for your exact needs.
Compusleuth > technical support to recover, restore, search, and produce electronic information (is that still operating??)
Crypto Emporium > offer a huge variety of high-end and luxury goods available for purchase in only cryptocurrency, no fiat.
CryptoGrind > Freelancing platform – Hire a freelancer or work as one, for bitcoins.
Echristopher and sons > Shop online for your jewelry and pay with Bitcoin.
Genesis Fire Protection > USA based fire protection company, fire extinguishers and fire suppression systems.
Gray and Sons > Online shop – Jewelry, Watches, and accessories.
Gyft > Buy, Send, & Redeem Gift Cards
HePays > dating website.
Hi-Tech > Computer service provider, website is very bad, probably they’re out of business.
Lamborghini Newport Beach > authorized dealership in Orange County providing Super Sports Cars to Southern California
Microsoft > you can charge your account with BTC
Mint > Finance service, all your finance in single place. “When you’re on top of your money, life is good. We help you effortlessly manage your finances in one place.”
Mosaika > Shop online for your jewelry, and pay with Bitcoin.
My Gemologist > Shop for jewelry, or CREATE your own design, and pay with bitcoin.
Namecheap > Domain Name Registrar
NewEgg > Online shop
OpenBazzar > Decentralized marketplace – Online eCommerce platform that unites buyers/sellers by virtue of the P2P/peer-to-peer network
Overstock > Online shop – designer brands and home goods
Piiko > Send money to your friends and family online or top up while travelling. Almost 600 providers from 137 countries. Pay with Bitcoin, Dash or Stellar at best rates possible.
Pizza for coins > Order Pizza online and pay with BTC
Pure VPN > VPN Service: Access US Netflix Instantly for just $2.87/m Making Security and Freedom Accessible for Anyone, Anywhere!
Purse > Online shop – buy from amazon using BTC and get a discount!
RandyBrito > Freelancer – A web developer with a passion for Bitcoin, Economics and freedom.
Reeds > USA based jewlery – Personally I like their goods (looks only, haven’ bought any yet)
Restaurants list > a map of USA restaurants that accept Bitcoin. (can anyone verify any of them?)
Sad Truth Supply > Pins, Patches, and other accessories for bitcoin.
Save the Children > Charity accepting BTC payment. P.S: probably you’ll need to contact them first to donate in bitcoin.
Silver.ag > Jewelry and Accessories for Bitcoin.
SoftRare > software solutions provider, probably out of business since their website has copyright logo for 2015
SteadyTurtle > Buy Hosting&Domain
Tanzanite America > North American member of The Tanzanite Authority, a group of like-minded collectors, investors, and who are dedicated to informing and supplying the very finest top quality AAA certified Tanzanite. (first time to hear of tanzanite to be honest, but they look cool)
XBT Freelancer > Freelancing platform – Hire a freelancer or work as one, for bitcoins.
mclarennb > Authorized McLaren Dealer
schwartzkopff>
KFC Canada > Hunger no more, get your KFC for BTC.
Subway restaurant > Eat healthy, with bitcoins too.
CheapAir > Cheap Airline Tickets, Airfares & Discount Air Tickets
Alza > Largest Czech online retailer accepting BTC.
Pembury Tavern > Snap up a pint in Britain’s first Bitcoin pub.
FC Canada > Hunger no more, get your KFC for BTC.
Subway restaurant > Eat healthy, with bitcoins too.
CheapAir > Cheap Airline Tickets, Airfares & Discount Air Tickets
Alza > Largest Czech online retailer accepting BTC.
Pembury Tavern > Snap up a pint in Britain’s first Bitcoin pub. “
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
BTC total daily payout is 6.25 BTC * 6 times per hour * 24hours…on average = 900 BTC mined every day.
That has to be spread out, on average, evenly across then ENTIRE network. Granted, luck is involved, so it isn’t exactly even, but on average, it should be.
If network is running at 17,608,758 TH/s, and every TH gets an even share of the reward, then that would be 1800BTC / 17,608,758 TH/s = .00010222 BTC/(TH/s).
You then take that figure and multiply by number of TH for miner, and then you get daily BTC revenue ; )
In a first, Bitcoin developers have done something amazing amid the criticism over the lightning network and issues associated with it. A team of developers has made an international payment using the radio … Continue reading International payment using the radio waves→
My inspiration for this page was given to me by my new aquired friend, a fellow Truth Seeker – Joris and to whom I dedicate this page… Wish you… as well as to … Continue reading Discipline Quotes→
Bitcoin white paper turns 15 and the Legacy of Satoshi Nakamoto lives on. “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” Satoshi Oct. 31, … Continue reading Bitcoin White Paper turn 15→
BitHouse 