Mining Pool Payouts

Mining Pool Payouts explained: PPS vs. FPPS vs. PPLNS vs. PPS+

What is a Mining Pool?

Mining Pools

A Mining pools is a hub where a group of Crypto currency miners share their processing power to the network in order to solve the blocks quicker.

The rewards will be split equally based on the amount of shares that they contributed in finding a block.

Pool mining was introduced during early Bitcoin mining days when solo mining became non-viable.

The more powerful your hardware is, the more shares you’ll submit, the more shares you submit, the more you’ll earn.

In order for the pool to pay its miners each pool uses its own payment scheme. Two of the most popular option is PPS and PPLNS.


Mining Pool payouts explained PPS vs. FPPS vs. PPLNS vs. PPS+
Mining pool payouts explained: Pay-per-share (PPS)
Pay-Per-Share (PPS)
Pay-per-last-n-shares (PPLNS) MineBest
Pay-Per-Last-N-Shares (PPLNS)
Different mining pool payouts explained: PPS vs. FPPS vs. PPLNS vs. PPS+

The first thing a miner has to decide is which pool mining payout is best for their requirements.

PROP (proportional), FPPS (Full Pay Per Share), SMPPS (Shared Maximum Pay Per Share), ESMPPS (Equalized Shared Maximum Pay Per Share), CPPSRB (Capped Pay Per Share with Recent Backpay), PPS (Pay Per Share), PPLNS (Pay Per Last N Share) and lastly PPS+ (Pay Per Share Plus).

Among them PPS and PPLNS are the two types of payment models that are mostly used by mining pools currently. Before we explain both PPS and PPLNS we’ll make a short note on mining pool.

There are numerous payment systems (over 15), but the vast majority of the pools operate on a PPS, FPPS, PPS+ and PPLNS basis.

However, before trying to understand the different settlement models, it is important to come to a consensus on some terms used in crypto mining.

Block Reward: Block reward refers to the new coins issued by the network to miners for each successfully solved block.

Hashing PowerHash rate is the speed at which a computer completes an operation in the cryptocurrency’s code. A higher hashrate increases a miner’s opportunity of finding the next block.

Luck: Luck, in mining, is the probability of success. Imagine that each miner is given a lottery ticket for a certain amount of hashing power they provide. If they are to provide 1 TH/s hashing power when the overall hashing power in the network is 10 TH/s, then they would receive 1 of 10 total lottery tickets. The probability of winning the lottery (in this case finding the block reward) would be 10%.

Transaction Fees: Some networks (like Bitcoin) also have substantial amounts of transaction fees rewarded to miners. These fees are the total fees paid by users of the network to execute transactions.

Pay-Per-Share (PPS)

PPS offers an instant flat payout for each share that is solved. With this payment method, a miner gets a standard payout rate for each share completed. Each share is worth a certain amount of mineable cryptocurrency.

After deducting the mining pool fees, the miners are given a fixed income every day. Therefore, under the PPS mode, the returns are relatively stable. Miners are exposed to risk here. They may not get the transaction fees.

It is ideal for low priced orders for an extended period. This model becomes lucrative during a bearish run of a particular coin.

Pay-Per-Last-N-Shares (PPLNS)

With this payout, profits will be allocated based on the number of shares miners contribute. This kind of allocation method is closely related to the block mined out. If the mining pool excavates multiple blocks in a day, the miners will have a high profit; if the mining pool is not able to mine a block during the whole day, the miner’s profit during the whole day is zero.

Notably, in the short term, the PPLNS model is highly correlated with a pool’s luck. If the luck factor of a particular mining pool decreases in the short term, the miner’s income will also decrease accordingly (the opposite case of the mining pool being lucky in the short term is possible too). However, in the long term, the luck factor tends to average out to the mean.

Hence, this model is ideal for fixing orders on a big pool that has a high chance of finding a block within the order time limit. Or a standard order which will have miners connected for a longer time.

Pay Per Share + (PPS+)

PPS+ is a blend of two modes mentioned above, PPS and PPLNS. The block reward is settled according to the PPS model. And the mining service charge /transaction fee is settled according to the PPLNS mode.

That is to say, in this mode, the miner can additionally obtain the income of part of the transaction fee based on the PPLNS payment method. This was a major drawback in the PPS model.

Full Pay Per Share (FPPS)

With this pool payout, both the block reward and the mining service charge are settled according to the theoretical profit. Calculate a standard transaction fee within a certain period and distribute it to miners according to their hash power contributions in the pool. It increases the miners’ earnings by sharing some of the transaction fees.

With the PPS and FPPS payment methods, you will get paid no matter if the pool finds a block or not. This is the most significant advantage over PPLNS. The risks and rewards are higher with the PPLNS plan.

The decision on which mining plan to choose from needs to be preceded by the decision of choosing the right mining infrastructure.


Difference between PPS vs PPLNS payment models?

PPLNS

PPLNS stands for Pay Per Last (luck) N Shares. This method calculates your payments based on the number of shares you submitted during a shift.

It includes shift system which is time based or by number of shares submitted by the miners on the pool.

Your pool may find blocks consistently or in overtime it may have huge variations in winning a block and that ultimately affects your payments. PPLNS greatly involves luck factor and you’ll notice huge fluctuations in your 24 hour payout.

If you maintain your mining on a single pool then your payouts will remain consistent and it only differs when new miners join or leave the pool.

PPS

Pay Per Share pays you an average of the number of shares that you contributed to the pool in finding blocks.

PPS pays you on solid rate and is more of a direct method which completely eliminates luck factor.

In PPS method regardless of the pools lucky at winning blocks you’re going to get 100% payout at the end of the day. This is because there is a standard payout set for each miners based on their hash power.

It won’t be more than 100% or less than that and with this PPS method you can easily calculate your potential earnings.

On the other hand with PPLNS payment system on average you can either get more than 100% or less than that. It is based on how lucky the pool is at finding blocks.

Should I choose PPS or PPLNS?

This is one of the common questions most miners have initially.

Should I choose Pay Per Share or Pay Per Last N Share pools?

If you are the person who don’t switch pools often then PPLNS is definitely for you as such pools are good at rewarding its loyal miners.

Pay Per Share: No matter what, if you need a fixed payouts at the end of the day to liquidate or for whatsoever reason then your choice would be PPS.

Pay Per Share works well for large mining farms who can calculate and have statistics based on their mining power.

PPS is good for large miners but really bad for pool owners as there is a guaranteed payout for work no matter if the pool hits the block or not.

For this reason and because of pool hoppers (not loyal miners of the pool) most of the mining pools have switched to PPLNS payment model.

Pay Per Last N Shares: If you are the one that is looking to accumulate and hold more coins then PPLNS is recommended.

For each block that your pool finds you’ll get a share based on your hashrate.

Unlike PPS, in PPLNS you’ll get payouts more often and in the long run you’ll be rewarded more with PPLNS than PPS.

However due to huge variance it’s really hard to calculate your mining income.

PPLNS is good for both mid-range miners and pool owners as the payouts is only based on the blocks found.

If your pool is more lucky  then you’ll see payments more often. This is the reason why miners stick to a pool where there is more hash power assuming the pool finds block very often.

You can find more comparison of mining pools payment system here.

How to find out if a pool is PPS or PPLNS?

Cryptocurrency mining can be a lucrative process. However it’s very important that you find out what payment scheme your pool is using before committing your hashing power.

Most of the mining pools has this information listed on FAQ page or at payouts page. If you’re unable to find this information then the only option is to contact the pool support.

Hope the information on this page is helpful for you to decide the right mining pool.


Happy Hashing


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AltCoin Stores

ALT Coin Stores and Services List

This page is to promote actual stores and people who sell services for ALTcoins.

What is most important, is to spread the word and make people aware of the widespread adoption of the cryptocurrencies all around the globe and in all layers of life !!!

*Not Updated… Work in Progress...

Stores selling goods NexWave – http://www.nexwave.ca

Coin payments processed Coaex – Buy custom gold bars, gold bullion, silver and jewelry – http://www.coaex.com/ – BTC, LTC, DOGE, BC, NOBL, FTC   

CoinCable Mining Supplies    – https://coincable.com    – BTC, LTC, PPC, NVC, XPM, YAC, PayPal

Crypto Coin Wallet Cards    – http://www.cryptocoinwalletcards.com    – LTC

Register domain using Bitcoin and Litecoin    – http://www.lovingdomains.com    – BTC, LTC, NMC, PPC, NVC

Pay hosting with Bitcoin and Litecoin    – http://www.lovinghosting.com    – BTC, LTC, NMC, PPC,

NVC Amazonia Imports    – http://btcpipeshop.com    – 42, ANC, BTC, BC, BQC, CAT, CGB, DGC, DMD, DOGE, DVC, FRC, FRK, FST, FTC, GLD, LTC, MAX, MZC, MEC, NET, NMC, NVC, NXT, PPC, QRK, RED, SBC, SPT, STR, SXC, TRC, UNO, WDC, XPM, & ZET

WROL.INFO – Survival Supplies    – http://wrol.info    – BTC, LTC, FTC, NMC, NVC, TRC, XPM, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, YAC, QRK, ZET

NewsBam Usenet Services    – http://www.newsbam.com    – BTC, LTC, STR, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, YAC,

SXC Cryptobooks – Buy eBooks with with cryptocurrency    – http://www.cryptobooks.com    – BTC, LTC, FTC, PPC, DVC, SXC

Bitezze – Buy precious metals with cryptocurrency    – http://bitezze.com    – BTC, LTC, STR, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, BQC, CGB, DVC, CAP, DGC, GLD, YAC, SXC, ADT, MEC, ANC, ZET, NET, PayPal Passthru

CryptoDirect    – http://www.cryptodirect.cf    – BTC, LTC, FTC, PPC, NVC, WDC, XPM, IFC, DGC, ANC, QRK, ZET, NET, FRC

Cheap Miners – Cheap ASIC miners and accessories    – http://www.cheapminers.com    – BTC, LTC, XPM

Dahms Weinversand – German Wine Home Delivery    – http://www.dahms-weinversand.de   

4:19 Store    – http://www.419store.com    Crypto Game Keys    – http://www.cryptogamekeys.com    – BTC, LTC, NMC, PPC, NVC, WDC, XPM, IFC, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, SXC, ADT, MEC, QRK, ZET, NET, FRK, COL, SBC

VPS City    – http://www.vps-city.com    – LTC, PayPal Passthru

Thermostats, actuators and controllers    – http://www.thermostatenshop.nl    – BTC

Electric heating appliances    – http://www.budgetheat.eu    – BTC

Romer and 2HEAT far infrared panels    – http://www.infraroodpanelen.eu    – BTC

Outdoor- and ramp heating    – http://www.opritverwarmingen.eu    – BTC

Ceramic heating elements    – http://www.keraheat.com    – BTC Distinguished

Imports    – https://distinguishedimports.com    – BTC, LTC, PPC

GameCardVN    – http://gamecardsvn.com   

Verbena Products – Family owned online store specializing in bringing our customers high end Health and Beauty products at very competitive prices.    – https://www.verbenaproducts.com    – BTC, LTC, PPC

Cryptocoin Stuff!    – http://www.cryptocoinstuff.com    – BTC, LTC, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, YAC, SXC, ADT, MEC, ANC, QRK, ZET, NET, FRK, COL, SBC, FRC

Retro Towers    – http://www.retrotowers.co.uk    – BTC, LTC, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, YAC, ADT, MEC, ANC, QRK, ZET, NET, FRK, COL, SBC, FRC

VPS4ME    – http://vps4.me    – BTC, LTC, FTC, NMC, NVC, WDC, TRC, XPM, IFC, KGC, RED, BQC, CGB, DVC, CAP, DGC, GLD, YAC, SXC, ADT, MEC, ANC, QRK, ZET, NET, FRK

HostClub    – http://hostclub.me

WaterIdo – Healthy Water Revitalizer    – http://waterido.com    – BTC, LTC, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, BQC, CGB, DVC, CAP, DGC, GLD, YAC, ADT, MEC, ANC, QRK, ZET, NET, FRK, COL   

Sarasota Slot Machines    – http://sarasotaslotmachines.com    – BTC, LTC, IFC, MEC, PayPal Passthru

GRKreations Direct    – http://grkreationsdirect.com    – BTC, LTC, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, BQC, CGB, DVC, CAP, DGC, GLD, YAC, SXC, ADT, MEC, ANC, QRK, ZET, NET, FRK, COL, SBC, FRC, PayPal Passthru

Mining Hardware    – http://www.mininghardware.co.uk    – BTC, LTC

DuinoBits – Arduino kits (UK & Europe)    http://www.duinobits.com    – BTC, LTC

Johnsbay Flooring Co. – Flooring Material including Carpeting, Wood flooring, Laminate, Tiles.    – http://www.johnsbay.com    – BTC

Hash Rate Store    – https://www.hashratestore.com    – BTC, LTC

Coin Gas – Steam game codes for alt coins    – http://www.coingas.com    – BTC, CAP, DGC, FTC, GIL, LTC, NVC, PPC, WDC, CGB

sauce4coins    – http://sauce4coins.com    – BQC, BTC, LTC, BTB, CGB, FTC, CAP, VNC, DGC, XPM (and others if you email them)

BottleCaps Store – Itunes cards and World of tanks tokens    – http://bottlecapstore.weebly.com    – CAP’s and LTC – Canadian Orders for Itunes only

cryptosextoys    – http://www.cryptosextoys.com    – BTC, CAP, DGC, FTC, LTC, NVC, PPC, CGB, SXC

dailybit – Daily special something new everyday – http://dailybit.net    – BTC, LTC, XPM, FTC,CAP, IFC, WDC, NVC, NMC, TRC, KGC, PPC, RED, STR, WDC, Peercoins and Paypal

REDCOINSHOP – Herbal pills remedies    – http://REDCOINSHOP.com    – RED

pythonpills- Male enhancement pill    – http://pythonpills.com/red    – RED

bitcoinprbuzz – Press Release services for crypto projects – Copy Writing and content creation – Business consulting    – http://bitcoinprbuzz.com    – BTC, DVC,BTC, CGB, LTC and FST

finite by design – Coins, Pendants etc    – http://www.finitebydesign.com    – CGB

cryptothrift – Online Thrift Shop    – https://cryptothrift.com    – BTC, LTC

Litehosting- Web Hosting    – http://Litehosting.org    – BTC, LTC, NMC, XPM

ltcasics – All kinds of gift cards    – http://ltcasics.com    – LTC AltcoinTIP    – http://reddit.com/r/ALTcointip    – BTC, LTC, PPC, NMC, FTC, and XPM

DirectVoltage – alternative energy retailer    – http://DirectVoltage.com    – BTC, LTC, FTC, PPC

Sex Stories    – http://erotica4sxc.tk/about-2    – SXC

Porn Database    – http://www.porndatabase.co.uk    – SXC

3D Porn    – http://www.lynortis.com/alt-coins.php    – SXC

coinaxis    – https://coinaxis.com/    – LTC

dvc4giftcards – Giftcards    – http://dvc4giftcards.us    – DEV

Bitcora – Bitcoin templates and themes – https://bitorca.com   

Epawnatl- Pawn Shop    – http://Epawnatl.com    – FRK, BTC

Etsyshop    – http://www.etsy.com/shop/InnovoDesign    – DOGE, IFC, COL,LTC

Open Source Solutions    – http://www.iquidus.co.nz    – BTC, MEC, LTC, Earthcoins

LEALANA PHYSICAL LITECOINS…and BITCOINS – http://www.lealana.com – LTC

Evonym – http://evonym.us/ -BTC, LTC, TRC, PPC.

Minecraft Server – https://alt-co.in/minecraft/ – GME

Sexslam – http://sexslam.com – RED

All Things Luxury – http://www.allthingsluxury.biz/ – BTC, LTC

7 Pay In – Pay for mobile and ISP services/ecash/WoT/Steam/whatever – https://7pay.in/ – BTC, LTC, CL and NVC

CryptFolio – CryptFolio lets you keep track of your cryptocurrencies – http://CryptFolio.com – BTC, LTC

Bananalizard.com – Video game store – http://bananalizard.com – BTC, LTC, CGB, XPM, paypal

Tagbond.com – Merchant site hosting – http://tagbond.com – BTC, TAG

Cleverpuffin – Web Hosting – http://www.cleverpuffin.com – LTC

Bitroad – Electronics from China including tablet, phones, surveillance, security and gadgets delivered worldwide in 3-6 days (express). – http://bitroad.co.uk/ – BTC, LTC

Get More Customers – San Francisco Marketing/SEO Company – http://get-more-customers.com and http://sanfranciscoseoagency.com/cryptocurrency/ – EAC

BitCoinPINS!! – http://www.bitcoinpins.com/ – EAC

Polish SEO company – http://dodawanie.com/ – EAC

FlightSchool! Commercial pilot and flying instructor – http://www.paul-bradley.com – EAC ribbit.me – http://ribbit.me https://coinpayments.net/

Tagbond.com https://bitcointalk.org/index.php?topic=317408

This is a list of services and games that support LottoCoin (LOT): Services:

CyberSticker service: http://www.cryptostickers.com/

Reload Creative (app/web development service): http://reloadcreative.com.au/

Advertising pixels http://www.qugetser.com/lot-map

SEO Service http://sanfranciscoseoagency.com/cryptocurrency/

Games: CoinBomb: http://coinbomb.biz/lottocoin/

Lotto Game: http://lottocoin.org/lottogame/

Another Lotto Game: http://www.keezi.com/lotto/index.php

Lotto Dice Game: http://www.lottodice.tk/

Here is a list of shops/services/games that accept EarthCoin Iquidus Technology –

Open Source Solutions – 

http://www.iquidus.co.nz/

Get More Customers – San Francisco Marketing/SEO Company – http://get-more-customers.com

http://sanfranciscoseoagency.com/cryptocurrency/

BitCoinPINS!! http://www.bitcoinpins.com/

Polish SEO company http://dodawanie.com/

FlightSchool! Commercial pilot and flying instructor http://www.paul-bradley.com

Beautiful EarthCoin Paper Wallet Generator http://earthaddress.org/

EarthCoin Gaia Game http://gaia.l8.lv/

Logo Design http://logodynamic.blogspot.ca/p/sold-logos.html

Dice Game http://earthdice.tk/

LixNez Games http://www.lixnez.com/eacgames.html

EarthRoll Game http://earthroll.l8.lv/

Kissmyweb.com – We Build Websites – Simple! http://www.kissmyweb.com BTC and DVC accepted

http://scryptstore.com Gold & Silver – Paypal direct deposits and gift cards

Healthiverse – http://healthiverse.net

TuffWraps – Athletic Wrist Wraps   – http://tuffwraps.com

Crypto Alley – The Online Digital Currency Marketplace – http://www.cryptoalley.com

Cryptmint – Precious Metal Bitcoin Wallets & Physical Coins – http://www.cryptmint.com/

Devcoin Store – http://devcoinstore.com

Crypto Store – http://cryptostore.io

Armonie Sonore – http://www.armoniesonore.com

StickerzLab – http://www.stickerzlab.com   

Trade4Bitcoin – Comics and Collectibles   http://www.trade4bitcoin.com

Scryptcoin Store – http://www.scryptstore.com 

Fine Art Source – http://out-of-court-settlement.com

NitroBacku – http://www.nitrobackup.com

Cardz4Cash – Gift, Prepaid, Game, and VoIP Cards + more – http://cardz4cash.com

Vapeur Canada – http://www.vapeurcanada.com

DOGMA Portraits – http://dogmaportraits.com

Heat4Feet – http://www.heat4feet.net

BitcoinMetals – http://www.bitcoinmetals.us

DDoS Cover – http://ddoscover.com

Doge Host – http://dogehost.co.uk

Bit Electronics – http://bitelectronics.net/

http://quickbomb.com   RED https://dicenow.com

PXL COIN – http://www.pxlcoin.com/

Here is a list of sites that accept QRK:

http://www.petscoin.com/ – Animal/Pet store, Donations to Shelters

http://www.51attack.com/ – T-Shirt makers that currently accept 31 cryptocurrencies

http://www.chasinho.org/shop/ – Tea shop in Berlin

http://www.keepitwooden.com – Custom Wooden Shot Glasses (Accepts Coinpayments)

http://www.appsforcoins.com/?currency=QRK – Apple iOS Apps

143VPN – http://143vpn.com

SimRai Game Servers – http://www.simrai.com

CryptoHosted.com – http://cryptohosted.com

The Staking Machine – TSM – http://www.thestakingmachine.com

Vox – http://www.vox-game.com/buy-with-crypto-coins/

Upchurch Design – http://upchur.ch

BTC Headshop – http://btcheadshop.com

Bitcoin Sportscards – http://bitcoinsportscards.com

ThanksBitcoin.com – http://www.thanksbitcoin.com

Those shops/services accept payment using Graincoin (GRA), many of which through CoinPayments that support Graincoin:

Wood Shot Glass http://woodshotglass.com/

Tuff Wraps http://tuffwraps.com/

Computer hardware and consumer electronics   http://brownboxtech.net

WaterIdo – Healthy Water Revitalizer http://waterido.com

Xbox Gold 48 Hour Codes – 2 for $1 http://xbox48.bugs3.com

Iquidus Technology – OpenSource Software, Hi-Performance Hardware http://www.iquidus.co.nz/

Retro Towers – Gaming Hardware http://www.retrotowers.co.uk/

Stickerz Lab – French Sticker Decorations http://stickerzlab.com/

Pixcoin – Stickers for Crypto Coins http://pixcoin.com/

Crypto GameKeys – Buy CD Keys, PSN cards, PS3/4/Vita games http://www.cryptogamekeys.com ThanksBitcoin – a Bitcoin shop http://www.thanksbitcoin.com

Advertise Service http://cryptotiler.com/

Graincoin main thread at: https://bitcointalk.org/index.php?topic=361503.0

143VPN – http://143vpn.com

SimRai Game Servers – http://www.simrai.com

CryptoHosted.com – http://cryptohosted.com

The Staking Machine – TSM – http://www.thestakingmachine.com

Vox – http://www.vox-game.com/buy-with-crypto-coins/

Upchurch Design – http://upchur.ch

BTC Headshop – http://btcheadshop.com

Bitcoin Sportscards – http://bitcoinsportscards.com

ThanksBitcoin.com – http://www.thanksbitcoin.com

Wood Shot Glass : http://woodshotglass.com/

Tuff Wraps http://tuffwraps.com/

Computer hardware and consumer electronics   http://brownboxtech.net

WaterIdo – Healthy Water Revitalizer http://waterido.com

Xbox Gold 48 Hour Codes – 2 for $1 http://xbox48.bugs3.com

Iquidus Technology – OpenSource Software, Hi-Performance Hardware http://www.iquidus.co.nz/

Retro Towers – Gaming Hardware http://www.retrotowers.co.uk/

Stickerz Lab – French Sticker Decorations http://stickerzlab.com/

Pixcoin – Stickers for Crypto Coins http://pixcoin.com/

Crypto GameKeys – Buy CD Keys, PSN cards, PS3/4/Vita games http://www.cryptogamekeys.com ThanksBitcoin – a Bitcoin shop http://www.thanksbitcoin.com

Advertise Service http://cryptotiler.com/

Gamble with Altcoins http://www.coincasino.cc – Casino that takes many coins

http://www.litecointogox.com – Bet on LTC when it comes to GOX or coinbase – BTC, LTC, FTC,IFC ,KGC, NMC, NVC, WDC, XPM, STR, RED, TRC, Peercoin

http://cryptoblackjack.kicks-ass.net – BlackJack style game – GME, DBL, MNC, LKY, WDC, DGC, BQC, PXC, PPC, GLD, MEM, DMD, EZC, FRK, CAP, IFC, KGC, CSC, CGB, HBN

http://alt-co.in/slots.php – A Slot machine – FTC, WDC, DGC, CHN, LTC, BBQ, GMC

http://REDCOINCASINO.com – Various unique gambling games – RED

http://redcoinlotto.com – Lotto – RED

http://coinjack.com/ – BlackJack – RED

http://lotto.coinworld.us/ – Multiple coin lotteries – DGC, FLC, RED, MEC, EMD, ALF, CAP, CGB, IFC, ARG, LTC, CRC

http://litecoinkamikaze.com – LTC

http://fckamikaze.com – FTC

http://minikaze.com – MNC

http://bit-loot.com – LTC

http://www.litecoinlottery.com/ – LTC

http://rapidballs.eu   – 5 Minute Lotto site – WDC, XPM, TIX, DVC

http://litecoinkamikaze.com – LTC

http://fckamikaze.com – FTC

http://minikaze.com – MNC

Provably fair Litecoin Roulette – http://www.l8.lv/ – Single Zero European Style Litecoin Roulette.

Provably Fair! DogeCoin Provably fair DogeCoin Roulette – http://dogespin.l8.lv/

Single Zero European Style Dogecoin Roulette. Provably Fair! BlackJack style game http://cryptoblackjack.kicks-ass.net/

A Slot machine http://alt-co.in/slots.php

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Bitcoin (BTC) :

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LiteCoin(LTC) :

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Ethereum(ETH) :

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EthereumClassic(ETC) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856


Cardano(ADA) :

addr1q88c5cccnrqy6xesszzvf7rd4tcz87klt0m0h6uvltywqe8txwmsrrqdnpq27594tyn9vz59zv0n8367lvyc2atvrzvqlvdm9d


BinanceCoin(BNB) :

bnb1wwfnkzs34knsrv2g026t458l0mwp5a3tykeylx


BitcoinCash (BCH)

1P1tTNFGRZabK65RhqQxVmcMDHQeRX9dJJ


Bitcoin SV (BSV)

1P1tTNFGRZabK65RhqQxVmcMDHQeRX9dJJ


ZCash(ZEC) :

t1fSSQX4gEhove9ngcvFafQaMPq5dtNNsNF


Dash(DASH) :

XcWmbFw1VmxEPxvF9CWdjzKXwPyDTrbMwj


Shiba(SHIB) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856


Tron(TRX) :

TCsJJkqt9xk1QZWQ8HqZHnqexR15TEowk8


Stellar(XLM) :

GBL4UKPHP2SXZ6Y3PRF3VRI5TLBL6XFUABZCZC7S7KWNSBKCIBGQ2Y54





Bitcoin Halving

Bitcoin Halving

What Is a Bitcoin Halving?

Bitcoin’s most recent halving occurred on May 11, 2020. To explain what a Bitcoin halving is, we must first explain a bit about how the Bitcoin network operates.

Bitcoin’s underlying technology, blockchain, basically consists of a collection of computers (or nodes) that run Bitcoin’s software and contain a partial or complete history of transactions occurring on its network.

Each full node, or a node containing the entire history of transactions on Bitcoin, is responsible for approving or rejecting a transaction in Bitcoin’s network.

To do that, the node conducts a series of checks to ensure that the transaction is valid. These include ensuring that the transaction contains the correct validation parameters, such as nonces, and does not exceed the required length.

A transaction occurs only after all the parties operating in Bitcoin’s network approve it within the block on which the transaction exists. After approval, the transaction is appended to the existing blockchain and broadcast to other nodes.

The blockchain serves as a pseudonymous record of transactions (i.e., its contents are visible to everyone, but it is difficult to identify transacting parties in the network). This is because the blockchain assigns encrypted addresses to each transacting party in the network. That said, even those who do not participate in the network as a node or miner can view these transactions taking place live by looking at block explorers.

More computers (or nodes) added to the blockchain increase its stability and security.

There are currently 12,035 nodes estimated to be running Bitcoin’s code. Though anyone can participate in Bitcoin’s network as a node, as long as they have enough storage to download the entire blockchain and its history of transactions, not all of them are miners.

KEY TAKEAWAYS

  • A Bitcoin halving event is when the reward for mining bitcoin transactions is cut in half.
  • This event also cuts in half Bitcoin’s inflation rate and the rate at which new bitcoins enter circulation.
  • Both previous halvings have correlated with intense boom and bust cycles that have ended with higher prices than prior to the event.
  • Bitcoin last halved on May 11, 2020, around 3 p.m. EST, resulting in a block reward of 6.25 BTC.

Bitcoin Mining

Bitcoin mining is the process by which people use their computers to participate in Bitcoin’s blockchain network as a transaction processor and validator.

Bitcoin uses a system called proof of work (PoW). This means that miners must prove they have put forth effort in processing transactions to be rewarded. This effort includes the time and energy it takes to run the computer hardware and solve complex equations.

Faster computers with certain types of hardware yield larger block rewards and some companies have designed computer chips specifically built for mining. These computers are tasked with processing Bitcoin transactions, and they are rewarded for doing so.

The term mining is not used in a literal sense but as a reference to the way precious metals are gathered.

Bitcoin miners solve mathematical problems and confirm the legitimacy of a transaction. They then add these transactions to a block and create chains of these blocks of transactions, forming the blockchain.

When a block is filled up with transactions, the miners that processed and confirmed the transactions within the block are rewarded with bitcoins.

Transactions of greater monetary value require more confirmations to ensure security. This process is called mining because the work performed to get new bitcoins out of the code is the digital equivalent to the physical work done to pull gold out of the Earth.

El Salvador made Bitcoin legal tender on June 9, 2021. It is the first country to do so. The cryptocurrency can be used for any transaction where the business can accept it. The U.S. dollar continues to be El Salvador’s primary currency.

Bitcoin Halving

After every 210,000 blocks mined, or roughly every four years, the block reward given to Bitcoin miners for processing transactions is cut in half.

This cuts in half the rate at which new bitcoins are released into circulation. This is Bitcoin’s way of using a synthetic form of inflation that halves every four years until all bitcoins are released into circulation.

This system will continue until around the year 2140.

At that point, miners will be rewarded with fees for processing transactions, which network users will pay. These fees ensure that miners still have the incentive to mine and keep the network going. The idea is that competition for these fees will cause them to remain low after the halvings are finished.

The halving is significant because it marks another drop in the rate of new Bitcoins being produced as it approaches its finite supply: the total maximum supply of bitcoins is 21 million. As of October 2021, there are about 18.85 million bitcoins already in circulation, leaving just around 2.15 million left to be released via mining rewards.

In 2009, the reward for each block in the chain mined was 50 bitcoins. After the first halving, it was 25, and then 12.5, and then it became 6.25 bitcoins per block as of May 11, 2020.

To put this in another context, imagine if the amount of gold mined out of the Earth was cut in half every four years. If gold’s value is based on its scarcity, then a “halving” of gold output every four years would theoretically drive its price higher.

Coin Metrics Bitcoin Halving
Coin Metrics logarithmic chart of Bitcoin price action following halvings.

Halving Implications

These halvings reduce the rate at which new coins are created and thus lower the available amount of new supply, even as demand might increase.

This can cause some implications for investors as other assets with low or finite supply, like gold, can have high demand and push prices higher.

In the past, these Bitcoin halvings have correlated with massive surges in Bitcoin’s price.

The first halving, which occurred on Nov. 28, 2012, saw an increase from $12 to $1,217 on Nov. 28, 2013.

The second Bitcoin halving occurred on July 9, 2016. The price at that halving was $647, and by Dec. 17, 2017, a bitcoin’s price had soared to $19,800. The price then fell over the course of a year from this peak down to $3,276 on Dec. 17, 2018, a price 506% higher than its pre-halving price.

The most recent halving occurred on May 11, 2020. On that date, a bitcoin’s price was $8,787. On April 14, 2021, a bitcoin’s price soared to $64,507 (an astonishing 634% increase from its pre-halving price). A month later, on May 11, 2021, a bitcoin’s price was $54,276, representing a 517% increase that seems more consistent with the behavior of the 2016 halving.

On May 12, 2021, Elon Musk, CEO of Tesla, announced that Tesla would no longer accept Bitcoin as payment, resulting in further price fluctuations.

In the week that followed Musk’s statements, the price of a bitcoin plunged below $40,000 after Chinese regulators announced restrictions banning financial institutions and payment companies from providing cryptocurrency-related services.

Though these two announcements may have temporarily created a price drop in Bitcoin, there is the potential that the price fluctuations are more related to the halving behavior we have observed previously.

The theory of the halving and the chain reaction that it sets off works something like this:

The reward is halved → half the inflation → lower available supply → higher demand → higher price → miners incentive still remains, regardless of smaller rewards, as the value of Bitcoin is increased in the process

In the event that a halving does not increase demand and price, then miners would have no incentive. The reward for completing transactions would be smaller, and the value of Bitcoin would not be high enough.

To prevent this, Bitcoin has a process to change the difficulty it takes to get mining rewards, or in other words, the difficulty of mining a transaction.

In the event that the reward has been halved, and the value of Bitcoin has not increased, the difficulty of mining would be reduced to keep miners incentivized.

This means that the quantity of bitcoins released as a reward is still smaller, but the difficulty of processing a transaction is reduced.

This process has proved successful twice. So far, the result of these halvings has been a ballooning in price followed by a large drop.

The crashes that have followed these gains, however, have still maintained prices higher than before these halving events.

For example, as mentioned above, the 2017 to 2018 bubble saw the value of a bitcoin rise to around $20,000, only to fall to around $3,200. This is a massive drop, but a bitcoin’s price before the halving was around $650.3

Though this system has worked so far, the halving is typically surrounded by immense speculation, hype, and volatility, and how the market will react to these events in the future is unpredictable.

The third halving occurred not only during a global pandemic, but also in an environment of heightened regulatory speculation, increased institutional interest in digital assets, and celebrity hype. Given these additional factors, where Bitcoin’s price will ultimately settle in the aftermath remains unclear.

What Happens When Bitcoin Halves?

The term “halving” as it relates to Bitcoin has to do with how many Bitcoin tokens are found in a newly created block.

Back in 2009, when Bitcoin launched, each block contained 50 BTC, but this amount was set to be reduced by 50% roughly every four years.

Today, there have been three halving events, and a block now only contains 6.25 BTC.

When the next halving occurs, a block will only contain 3.125 BTC.

When Have the Halvings Occurred?

The first bitcoin halving occurred on Nov. 28, 2012, after a total of 10,500,000 BTC had been mined. The next occurred on July 9, 2016, and the latest was on May 11, 2020. The next is expected to occur in early 2024.

Why Are the Halvings Occurring Less Than Every Four Years?

The Bitcoin mining algorithm is set with a target of finding new blocks once every 10 minutes.

However, if more miners join the network and add more hashing power, the time to find blocks will decrease.

This is remedied by resetting the mining difficulty (or how hard it is for a computer to solve the mining algorithm) once every two weeks or so to restore a 10-minute target.

As the Bitcoin network has grown exponentially over the past decade, the average time to find a block has consistently remained below 10 minutes (roughly 9.5 minutes).

Does Halving Have Any Effect on the Bitcoin Price?

The price of Bitcoin has risen steadily and significantly from its launch in 2009, when it traded for mere pennies or dollars, to April 2021 when the price of one bitcoin traded for over $63,000.3

Because halving the block reward effectively doubles the cost to miners, who are essentially the producers of bitcoins, it should have a positive impact on price because producers will need to adjust their selling price to their costs.

Empirical evidence does show that Bitcoin prices tend to rise in anticipation of a halvening, often several months prior to the actual event.

What Happens When There Are No More Bitcoins Left in a Block?

Around the year 2140, the last of the 21 million bitcoins ever to be mined will have been mined.

At this point, the halving schedule will cease because there will be no more new bitcoins to be found.

Miners, however, will still be incentivized to continue validating and confirming new transactions on the blockchain because the value of transaction fees paid to miners is expected to rise into the future, the reasons being that a greater transaction volume that has fees will be attached, plus bitcoins will have a greater nominal market value.

TRUSTe

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Calculate Hashes/s

How can I calculate how many hashes I generate per second?

I have a function which generates hashes from a string:

string GenerateHash(string plainText);

I generate as many hashes as possible with 4 threads.

How do I calculate how many hashes (or megahashes) I generate per second?

Your problem breaks down nicely into 3 separate tasks

  1. Sharing a single count variable across threads
  2. Benchmarking thread completion time
  3. Calculating hashes per/second

Sharing a single count variable across threads

public static class GlobalCounter
{ public static int Value { get;
private set;
} public static void Increment()
{ Value =GetNextValue(Value);
} private static int GetNextValue(int curValue) { returnInterlocked.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.

Benchmarking thread completion time

var sw = Stopwatch.StartNew(); Parallel.ForEach(someCollection, someValue => 
{ // generate hash GlobalCounter.Increment();
}); sw.Stop();

Parallel.ForEach will block until all threads have finished

Calculating hashes per second

... sw.Stop(); var hashesPerSecond = GlobalCounter.Value / sw.Elapsed.Seconds;

Did you find this article helpful?

If so, please consider a donation to help the evolution and development of more helpful articles in the future, and show your support for alternative articles.

Your generosity is 💚 ly appreciated

You can donate in any crypto your 💚 desires 😊

Thank you all for your time !!!

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Bitcoin (BTC) :
1P1tTNFGRZabK65RhqQxVmcMDHQeRX9dJJ

LiteCoin(LTC) :
LYAdiSpsTJ36EWCJ5HF9EGy9iWGCwoLhed

Ethereum(ETH) :
0x602e8Ca3984943cef57850BBD58b5D0A6677D856

EthereumClassic(ETC) :
0x602e8Ca3984943cef57850BBD58b5D0A6677D856

Cardano(ADA)
addr1q88c5cccnrqy6xesszzvf7rd4tcz87klt0m0h6uvltywqe8txwmsrrqdnpq27594tyn9vz59zv0n8367lvyc2atvrzvqlvdm9d

BinanceCoin(BNB)
bnb1wwfnkzs34knsrv2g026t458l0mwp5a3tykeylx

BitcoinCash (BCH)
1P1tTNFGRZabK65RhqQxVmcMDHQeRX9dJJ

BitcoinSV(BSV)
1P1tTNFGRZabK65RhqQxVmcMDHQeRX9dJJ

ZCash(ZEC)
t1fSSQX4gEhove9ngcvFafQaMPq5dtNNsNF

Dash(DASH)
XcWmbFw1VmxEPxvF9CWdjzKXwPyDTrbMwj

Shiba(SHIB)
0x602e8Ca3984943cef57850BBD58b5D0A6677D856

Tron(TRX)
TCsJJkqt9xk1QZWQ8HqZHnqexR15TEowk8

Stellar(XLM)
GBL4UKPHP2SXZ6Y3PRF3VRI5TLBL6XFUABZCZC7S7KWNSBKCIBGQ2Y54

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Anarchy Legacy

A Crypto Anarchist’s Legacy

Airfoil Dec 20, 2018

Timothy May on the cover of the second issue of Wired magazine with 2 fellow cypherpunks

Sadly, this past week we lost an icon that helped to spur the cypherpunk movement. Timothy May, who wrote The Crypto Anarchist Manifesto in 1988, lauched a movement that is still very prominent today.

For the uninitiated, a Crypto-Anarchist focuses on subverting the current laws and using new technologies to the benefit of the common man.

In the original manifesto, May says crypto-anarchy focuses on “encryption, digital money, anonymous networks, digital pseudonyms, zero-knowledge, reputations, information markets, black markets, collapse of governments”.

The manifesto was written just before the first crypto wars began during the early 1990’s.

The governments of the world fiercely opposed the general public using cryptographic encryption protocols.

The idea that a normal citizen could completely hide what they say in an electronic message was their biggest concern.

The governments cited national security as a concern (We’ve heard this excuse used many times before).

Tim May was embroiled in the center of this alongside his group of fellow cypherpunks.

RSA Security, a leading computer securty company founded by world-renowned cryptologists, created this poster against a hardware chip that used a US-government supplied encryption standard

The legislation of the anti-encryption laws would also affect payment processing technology. There was a large push back from tech companies that would have to deal with these issues first-hand.

The crypto wars of the 1990’s ended with the concession from the government that encryption was readily available around the world.

The public had won their first bout against the government surveillance state. Alongside the public, you had the cypherpunks and large tech companies that were all fighting a common threat.

There was not much of an issue in terms of encryption for quite a few more years.

Every few years afterward, the idea of backdoors into encryption schemes were brought up but nothing ever came about these new ideations.

The Crypto Wars Redux

The expansion of computational power and development of more efficient processing equipment closed the gap as to who can gain access to encryption software.

The widespread availabilty of software/hardware that can perform these cryptographic calculations involved in encryption and the ease of use has made it possible for the layman to encrypt their own personal messages, video calls,emails, and notes.

Encrypting an email with someone who has never imported a key to their keyring, or generated their own PGP public/private key pair is a thing of the past.

Many of the services that exist today offer these solutions out of the box. The process has become much easier for all parties involved.

Anyone that is now using this technology benefits from this on a privacy and security level.

With all parties benefitting, the leviathan rears its head once more. Australia has passed an anti-encryption bill that will force large tech companies to allow the Australian government to obtain hardware access(citing national security as a major reason).

Outrage has spilled out of the larger tech companies. The end-to-end zero knowledge messaging/calling app, Signal, has taken a stand against this bill.

This sounds very similar to the issues Tim May was battling with during the early days of the First Crypto War.

The cypherpunks came out on top and I’m sure this legislation will face a similar fate.

May’s Impact on the World

The imprint that Timothy May left on the world is profound. The mass adoption of encryption as well as cryptocurrencies shows just how far ahead of the times he was.

May urged the importance of privacy.

He insisted on the use of encryption to keep your communications private.

Currently on a majority of mobile phones there are applications that provide encrypted communications. Whatsapp uses the Signal protocol which was developed by cypherpunk Moxie Marlinspike.

The rise of cryptocurrencies is an ideal that May was very hopeful for.

May did come out against the anti-privacy issues of bitcoin.

There are projects that offer solutions for this privacy debate.

Much of the developer-base of these certain cryptocurrencies have their foundation based in the cypherpunk tradition.

The Cryptocurrencies that aim for a privacy by default mechanism are monero and the soon to launch GRIN which uses the Mimblewimble Protocol (To see an extremely entertaining introduction to the GRIN project via talk-to-text chat for privacy preservation, listen to the creator of Grin).

Zcash is moving in the direction of private by default and the superior cryptography of the ZK range proofs will help to create a very private cryptocurrency.

Cody WIlson and Amir Taaki who worked on projects focused on the crypto-anarchic tradition including Dark Wallet and Defense Distributed

The impact Tim May made on the world by helping to create a social movement shows the importance and strength of his ideals.

He has impacted a generation of people that are growing up in the digital age.

He influenced builders in the 21st century.

You have people creating new currencies, exposing government surveillance on a national scale, circumventing the broken bueracratic system by creating their own markets, anonymous internet protocols, as well as making encryption applicable to the common man (You can find a list of prominent cypherpunks here and also here).

There isn’t enough that can be said about the applications in which he believed could positively affect us.

May was cognizant of the encroaching all-seeing eye of the state but I believe we are in much better shape now than we’ve ever been.

There may be negative news about what we currently face as individuals, from the unprecedented surveillance of the Snowden leaks to the aforementioned Australian anti-encryption bill, but looking at the grand scheme of our daily lives, these tools and their functions have helped to create a much better day than May could have imagined in 1988.

He was a proponent for the industriousness of human nature to outpace the slow moving regulation that would try to bog down any progress.

You can listen here to what he thought people/creators should do when they develop ground breaking technology.

Arise, you have nothing to lose but your barbed wire fences!

Timothy C. May – “The Crypto Anarchist Manifesto”

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BitAddress

Open Source JavaScript Client-Side Bitcoin Wallet Generator

A Bitcoin wallet is as simple as a single pairing of a Bitcoin address with its corresponding Bitcoin private key. Such a wallet has been generated for you in your web browser and is displayed above.

To safeguard this wallet you must print or otherwise record the Bitcoin address and private key. It is important to make a backup copy of the private key and store it in a safe location. This site does not have knowledge of your private key. If you are familiar with PGP you can download this all-in-one HTML page and check that you have an authentic version from the author of this site by matching the SHA256 hash of this HTML with the SHA256 hash available in the signed version history document linked on the footer of this site. If you leave/refresh the site or press the “Generate New Address” button then a new private key will be generated and the previously displayed private key will not be retrievable. Your Bitcoin private key should be kept a secret. Whomever you share the private key with has access to spend all the bitcoins associated with that address. If you print your wallet then store it in a zip lock bag to keep it safe from water. Treat a paper wallet like cash.

Add funds to this wallet by instructing others to send bitcoins to your Bitcoin address.

Check your balance by going to blockchain.info or blockexplorer.com and entering your Bitcoin address.

Spend your bitcoins by going to blockchain.info and sweep the full balance of your private key into your account at their website. You can also spend your funds by downloading one of the popular bitcoin p2p clients and importing your private key to the p2p client wallet. Keep in mind when you import your single key to a bitcoin p2p client and spend funds your key will be bundled with other private keys in the p2p client wallet. When you perform a transaction your change will be sent to another bitcoin address within the p2p client wallet. You must then backup the p2p client wallet and keep it safe as your remaining bitcoins will be stored there. Satoshi advised that one should never delete a wallet.

Source:

https://www.bitaddress.org/

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Profitability Guide

Mining Profitability Guide

To calculate mining profitability, you should follow these steps, no matter which calculator you are using:

🔸️Be sure you know your GPU models and the Hash rates.

🔸️Be sure you know the algorithm of the coin.

🔸️Choose the exchange you plan to use for selling coins. This is necessary if you want more precise results.

🔸️Be sure you know your electricity cost.


You can find a list of calculators online that are used by miners, here:

http://bithouseco.home.blog/2021/09/12/mining-calculators/


🔹️ Be sure to keep track of what’s happening in the cryptocurrency world, if you aren’t doing so already. If a coin has problems, it will definitely affect the price and mining profitability, and may even prevent you from selling mined coins.

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Bitcoin is independent from “crypto”

Bitcoin vs “Crypto

@bithouseco

   The quality of Bitcoin’s monetary policy and the public’s confidence that the policy will be respected in the long-run is all what really matters.

For all of you out there, who believe that Bitcoin falls under the “crypto” umbrella, you could not be further from the truth.

“Crypto” is designated for the affinity scams that launched in Bitcoin’s shadow and attempted to leverage its pedigree and latch on to its narrative to sell useless tokens to unwitting noobs.

The scammers believe they can “beat” Bitcoin by providing a feature set and a “culture” more appealing to the masses and make individuals more likely to pick their favorite “crypto” over the best money humans have ever come in contact with.

As most people, these people couldn’t be more delusional.

The success of Bitcoin doesn’t depend on the “culture” of bitcoiners.

Bitcoin is a protocol that has no way of knowing the “culture” of its users.

If it is successful it will be used by many different people from many worldwide  lands with very different cultures.

A cultural hold on a particular competitive landscape of social media doesn’t really impress no one at the end of the day.

What really matters is the quality of Bitcoin’s monetary policy and the public’s confidence that the policy will be respected in the long-run.

The best way to build confidence in that policy is to make the cost of attempting to change that policy, or falling out of line with the consensus rules of the network as high as possible.

Nothing in “crypto” comes close to Bitcoin in these regards, and that is because the Bitcoin network is slowly but surely integrating itself into the energy sector of the globe.

The execution risks associated with mining Bitcoin have become very high.

If a miner fucks up and falls out of consensus, they are punished materially by missing out on precious block reward payouts.

As the network becomes more integrated with the energy sector, these costs will rise and abiding by the monetary policy put forth by the network of full nodes will be paramount.

It happend in 2017 when the biggest corporate players and miners attempted to hard fork a block space increase that fell out of consensus with the full nodes on the network.

The unwillingness to follow consensus ruined reputations and lost a lot of miners a lot of money over the four years that have followed the hard fork.

This is the certainty for the people, that bitcoin is a suitable monetary good in the digital age.

All of “crypto” pretenters focused on speed, app building, and being less “energy intensive” have completely missed the plot and have relegated themselves to a hedonistic odd sand box filled with degenerate gamblers and low energy thinkers.

Bitcoin has already won because it has won the energy game.

This energy game is what will protect Bitcoin’s monetary policy in the long-run, being strongly incentivized by full nodes to do so.

Very few understand this and very few will ever understand that !!!