0xBitcoin Statistics

NiceHash - buy & sell hashing power

NiceHash offers you to buy or sell hashing power directly, no contracts, no limitations, pay-as-you-go if you're a buyer and be-paid-as-you-go if you're a seller. Why bother renting rigs, when you can rent hashing power? NiceHash brings more to renters and rig owners. Visit https://www.nicehash.com today! Simply create order and you are already mining your favorite coin or point your rig to our stratum server and you are already earning bitcoins.
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Digital Currency for a Digital Age

[Digitalcoin](http://digitalcoin.tech/) is a diligently maintained cryptocurrency intent on market stability, making it ideal for commerce and saving. Possible changes to Digitalcoin's parameters can be implemented upon community rule.
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Worldcoin Discussion

Worldcoin is a digital currency secured by cryptography. As a descendant of Bitcoin it shares many similarities but is more advanced and friendly to Brick and Mortar Businesses which require the fastest speed possible.
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Give me your best answer as to why network statistics (hashrate, difficulty, block size/time) is important to bitcoins long/short term value?

I'm sick and tired of seeing posts about "bitcoin is going to be $XXXXXX". Lets talk about bitcoins health rather than wealth.
I learn a lot from meaningful and resourceful posts but it is unfortionate that those posts have become rare. Please and thank you!
submitted by bullishunicorn to Bitcoin [link] [comments]

Give me your best answer as to why network statistics (hashrate, difficulty, block size/time) is important to bitcoins long/short term value? /r/Bitcoin

Give me your best answer as to why network statistics (hashrate, difficulty, block size/time) is important to bitcoins long/short term value? /Bitcoin submitted by SimilarAdvantage to BitcoinAll [link] [comments]

[NEW] ANTANA BITCOINS – First Physical Statistic Coin! [300coins/Batch] [Batch=Difficulty]. Only for the Bitcoin Community

[NEW] ANTANA BITCOINS – First Physical Statistic Coin! [300coins/Batch] [Batch=Difficulty]. Only for the Bitcoin Community submitted by AntanaCoins to Bitcoin [link] [comments]

Block size should automatically adjust similar to difficulty based on statistics - somewhere between sigma 2 and 3. /r/Bitcoin

Block size should automatically adjust similar to difficulty based on statistics - somewhere between sigma 2 and 3. /Bitcoin submitted by BitcoinAll to BitcoinAll [link] [comments]

[NEW] ANTANA BITCOINS – First Physical Statistic Coin! [300coins/Batch] [Batch=Difficulty]. Only for the Bitcoin Community

Hi all!
I am proud to present my creation:
ANTANA STATISTIC BITCOIN – a physical coin with constantly changing network statistic on it.
www.antanacoins.com
IDEA:
Save the bitcoin network/community history on a coin. Give everyone a chance to remember some periods in his bitcoin life. Collecting/investment (only 300 of each batch) Involve more people into the bitcoin community
WHAT IS ON THE COIN:
The bitcoin sign on the face side with a unique design. Statistics (difficulty, network hash rate, total btc, block…) and particular feature (some memorable events) on the back side. Made from: [Zinc]+[24K .999 Pure Gold plated] Dimensions: [40x3mm] / [1''57 x 0"12] Weight: [28g] / [1oz]
SIMPLE RULES:
• Hard limit of 300 unique coins per batch • Each new batch every difficulty change - approximately every 10 days • A new particular feature every new batch • Prices from ?0.05 • Variety of shipping options • Worldwide delivery • Accept ONLY Bitcoins as a payment • Returns guaranteed if you are not happy with your purchase.
PRICES:
I understand that nobody is interested in high prices. The pricing table below shows the cost for each next 50 coins after sale prior 50 coins: *First 50 coins ?0.05 *Next 50 coins ?0.1 *Next 50 coins ?0.15 *Next 50 coins ?0.2 *Next 50 coins ?0.25 *Next 50 coins ?0.3 It doesn’t look expensive, everyone can afford it. The highest price is ?0.3 It will help to stabilize market after sold out more than 2/3 coins in each batch.
READY?
ANTANA BITCOIN #124 "SATOSHI NAKAMOTO" BATCH is in stock. Handling & shipping – 1 work day.
SECOND BATCH #125 "ASICMiner USB Block Erupter" is in status PRE-ORDER – Order now, shipping in 1 week.
Thank you. In crypto we trust!
submitted by AntanaCoins to Bitcoin [link] [comments]

Great Bitcoin Dashboards

https://bitcoin.clarkmoody.com/dashboard/ - I’m a huge fan of Clark Moody’s bitcoin dashboard. It has more information than you can shake a stick at! 😃
Does anybody know of any other great bitcoin dashboards? Cheers.
submitted by ando999 to Bitcoin [link] [comments]

Gridcoin 5.0.0.0-Mandatory "Fern" Release

https://github.com/gridcoin-community/Gridcoin-Research/releases/tag/5.0.0.0
Finally! After over ten months of development and testing, "Fern" has arrived! This is a whopper. 240 pull requests merged. Essentially a complete rewrite that was started with the scraper (the "neural net" rewrite) in "Denise" has now been completed. Practically the ENTIRE Gridcoin specific codebase resting on top of the vanilla Bitcoin/Peercoin/Blackcoin vanilla PoS code has been rewritten. This removes the team requirement at last (see below), although there are many other important improvements besides that.
Fern was a monumental undertaking. We had to encode all of the old rules active for the v10 block protocol in new code and ensure that the new code was 100% compatible. This had to be done in such a way as to clear out all of the old spaghetti and ring-fence it with tightly controlled class implementations. We then wrote an entirely new, simplified ruleset for research rewards and reengineered contracts (which includes beacon management, polls, and voting) using properly classed code. The fundamentals of Gridcoin with this release are now on a very sound and maintainable footing, and the developers believe the codebase as updated here will serve as the fundamental basis for Gridcoin's future roadmap.
We have been testing this for MONTHS on testnet in various stages. The v10 (legacy) compatibility code has been running on testnet continuously as it was developed to ensure compatibility with existing nodes. During the last few months, we have done two private testnet forks and then the full public testnet testing for v11 code (the new protocol which is what Fern implements). The developers have also been running non-staking "sentinel" nodes on mainnet with this code to verify that the consensus rules are problem-free for the legacy compatibility code on the broader mainnet. We believe this amount of testing is going to result in a smooth rollout.
Given the amount of changes in Fern, I am presenting TWO changelogs below. One is high level, which summarizes the most significant changes in the protocol. The second changelog is the detailed one in the usual format, and gives you an inkling of the size of this release.

Highlights

Protocol

Note that the protocol changes will not become active until we cross the hard-fork transition height to v11, which has been set at 2053000. Given current average block spacing, this should happen around October 4, about one month from now.
Note that to get all of the beacons in the network on the new protocol, we are requiring ALL beacons to be validated. A two week (14 day) grace period is provided by the code, starting at the time of the transition height, for people currently holding a beacon to validate the beacon and prevent it from expiring. That means that EVERY CRUNCHER must advertise and validate their beacon AFTER the v11 transition (around Oct 4th) and BEFORE October 18th (or more precisely, 14 days from the actual date of the v11 transition). If you do not advertise and validate your beacon by this time, your beacon will expire and you will stop earning research rewards until you advertise and validate a new beacon. This process has been made much easier by a brand new beacon "wizard" that helps manage beacon advertisements and renewals. Once a beacon has been validated and is a v11 protocol beacon, the normal 180 day expiration rules apply. Note, however, that the 180 day expiration on research rewards has been removed with the Fern update. This means that while your beacon might expire after 180 days, your earned research rewards will be retained and can be claimed by advertising a beacon with the same CPID and going through the validation process again. In other words, you do not lose any earned research rewards if you do not stake a block within 180 days and keep your beacon up-to-date.
The transition height is also when the team requirement will be relaxed for the network.

GUI

Besides the beacon wizard, there are a number of improvements to the GUI, including new UI transaction types (and icons) for staking the superblock, sidestake sends, beacon advertisement, voting, poll creation, and transactions with a message. The main screen has been revamped with a better summary section, and better status icons. Several changes under the hood have improved GUI performance. And finally, the diagnostics have been revamped.

Blockchain

The wallet sync speed has been DRASTICALLY improved. A decent machine with a good network connection should be able to sync the entire mainnet blockchain in less than 4 hours. A fast machine with a really fast network connection and a good SSD can do it in about 2.5 hours. One of our goals was to reduce or eliminate the reliance on snapshots for mainnet, and I think we have accomplished that goal with the new sync speed. We have also streamlined the in-memory structures for the blockchain which shaves some memory use.
There are so many goodies here it is hard to summarize them all.
I would like to thank all of the contributors to this release, but especially thank @cyrossignol, whose incredible contributions formed the backbone of this release. I would also like to pay special thanks to @barton2526, @caraka, and @Quezacoatl1, who tirelessly helped during the testing and polishing phase on testnet with testing and repeated builds for all architectures.
The developers are proud to present this release to the community and we believe this represents the starting point for a true renaissance for Gridcoin!

Summary Changelog

Accrual

Changed

Most significantly, nodes calculate research rewards directly from the magnitudes in EACH superblock between stakes instead of using a two- or three- point average based on a CPID's current magnitude and the magnitude for the CPID when it last staked. For those long-timers in the community, this has been referred to as "Superblock Windows," and was first done in proof-of-concept form by @denravonska.

Removed

Beacons

Added

Changed

Removed

Unaltered

As a reminder:

Superblocks

Added

Changed

Removed

Voting

Added

Changed

Removed

Detailed Changelog

[5.0.0.0] 2020-09-03, mandatory, "Fern"

Added

Changed

Removed

Fixed

submitted by jamescowens to gridcoin [link] [comments]

Bitcoin Network Status Update Sunday, October 25, 2020

Status of the Bitcoin network as of Sunday, October 25, 2020 at 12:00:01 EST:

Total bitcoins: 18,526,527.294971
Height: 654,257
Difficulty: 19,997,335,994,446.109375
Statistics for the past 24 hours:
Number of blocks mined: 125
Total bitcoins output (amount sent): 1,658,175.166708
Total fees: 73.848441
Average time until block found: 11 minutes, 31 seconds
Estimated hashrate: 124,259,120,440.250900 gh/s
Current price: US$12,948.43
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Wednesday, October 28, 2020

Status of the Bitcoin network as of Wednesday, October 28, 2020 at 12:00:01 EST:

Total bitcoins: 18,528,427.294971
Height: 654,561
Difficulty: 19,997,335,994,446.109375
Statistics for the past 24 hours:
Number of blocks mined: 99
Total bitcoins output (amount sent): 2,435,746.943385
Total fees: 212.295231
Average time until block found: 14 minutes, 32 seconds
Estimated hashrate: 98,413,223,451.663177 gh/s
Current price: US$13,220.66
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Friday, October 23, 2020

Status of the Bitcoin network as of Friday, October 23, 2020 at 12:00:01 EST:

Total bitcoins: 18,524,758.544971
Height: 653,974
Difficulty: 19,997,335,994,446.109375
Statistics for the past 24 hours:
Number of blocks mined: 122
Total bitcoins output (amount sent): 2,958,452.820424
Total fees: 139.985115
Average time until block found: 11 minutes, 48 seconds
Estimated hashrate: 121,276,901,595.491760 gh/s
Current price: US$12,920.01
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Saturday, October 10, 2020

Status of the Bitcoin network as of Saturday, October 10, 2020 at 12:00:01 EST:

Total bitcoins: 18,513,183.544971
Height: 652,122
Difficulty: 19,298,087,186,262.609375
Statistics for the past 24 hours:
Number of blocks mined: 150
Total bitcoins output (amount sent): 2,438,916.944823
Total fees: 97.455885
Average time until block found: 9 minutes, 35 seconds
Estimated hashrate: 143,896,967,512.688171 gh/s
Current price: US$11,356.69
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Tuesday, October 20, 2020

Status of the Bitcoin network as of Tuesday, October 20, 2020 at 12:00:02 EST:

Total bitcoins: 18,522,302.294971
Height: 653,581
Difficulty: 19,997,335,994,446.109375
Statistics for the past 24 hours:
Number of blocks mined: 146
Total bitcoins output (amount sent): 4,003,711.631622
Total fees: 63.809445
Average time until block found: 9 minutes, 51 seconds
Estimated hashrate: 145,134,652,639.857880 gh/s
Current price: US$11,929.76
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Tuesday, October 27, 2020

Status of the Bitcoin network as of Tuesday, October 27, 2020 at 12:00:02 EST:

Total bitcoins: 18,527,808.544971
Height: 654,462
Difficulty: 19,997,335,994,446.109375
Statistics for the past 24 hours:
Number of blocks mined: 94
Total bitcoins output (amount sent): 2,307,395.734989
Total fees: 164.992869
Average time until block found: 15 minutes, 19 seconds
Estimated hashrate: 93,442,858,519.535934 gh/s
Current price: US$13,560.04
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Thursday, October 22, 2020

Status of the Bitcoin network as of Thursday, October 22, 2020 at 12:00:01 EST:

Total bitcoins: 18,523,996.044971
Height: 653,852
Difficulty: 19,997,335,994,446.109375
Statistics for the past 24 hours:
Number of blocks mined: 138
Total bitcoins output (amount sent): 3,967,120.903250
Total fees: 165.676414
Average time until block found: 10 minutes, 26 seconds
Estimated hashrate: 137,182,069,006.118011 gh/s
Current price: US$12,948.73
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Monday, October 26, 2020

Status of the Bitcoin network as of Monday, October 26, 2020 at 12:00:01 EST:

Total bitcoins: 18,527,221.044971
Height: 654,368
Difficulty: 19,997,335,994,446.109375
Statistics for the past 24 hours:
Number of blocks mined: 111
Total bitcoins output (amount sent): 2,528,670.753500
Total fees: 78.512517
Average time until block found: 12 minutes, 58 seconds
Estimated hashrate: 110,342,098,973.846237 gh/s
Current price: US$12,966.60
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

How EpiK Protocol “Saved the Miners” from Filecoin with the E2P Storage Model?

How EpiK Protocol “Saved the Miners” from Filecoin with the E2P Storage Model?

https://preview.redd.it/n5jzxozn27v51.png?width=2222&format=png&auto=webp&s=6cd6bd726582bbe2c595e1e467aeb3fc8aabe36f
On October 20, Eric Yao, Head of EpiK China, and Leo, Co-Founder & CTO of EpiK, visited Deep Chain Online Salon, and discussed “How EpiK saved the miners eliminated by Filecoin by launching E2P storage model”. ‘?” The following is a transcript of the sharing.
Sharing Session
Eric: Hello, everyone, I’m Eric, graduated from School of Information Science, Tsinghua University. My Master’s research was on data storage and big data computing, and I published a number of industry top conference papers.
Since 2013, I have invested in Bitcoin, Ethereum, Ripple, Dogcoin, EOS and other well-known blockchain projects, and have been settling in the chain circle as an early technology-based investor and industry observer with 2 years of blockchain experience. I am also a blockchain community initiator and technology evangelist
Leo: Hi, I’m Leo, I’m the CTO of EpiK. Before I got involved in founding EpiK, I spent 3 to 4 years working on blockchain, public chain, wallets, browsers, decentralized exchanges, task distribution platforms, smart contracts, etc., and I’ve made some great products. EpiK is an answer to the question we’ve been asking for years about how blockchain should be landed, and we hope that EpiK is fortunate enough to be an answer for you as well.
Q & A
Deep Chain Finance:
First of all, let me ask Eric, on October 15, Filecoin’s main website launched, which aroused everyone’s attention, but at the same time, the calls for fork within Filecoin never stopped. The EpiK protocol is one of them. What I want to know is, what kind of project is EpiK Protocol? For what reason did you choose to fork in the first place? What are the differences between the forked project and Filecoin itself?
Eric:
First of all, let me answer the first question, what kind of project is EpiK Protocol.
With the Fourth Industrial Revolution already upon us, comprehensive intelligence is one of the core goals of this stage, and the key to comprehensive intelligence is how to make machines understand what humans know and learn new knowledge based on what they already know. And the knowledge graph scale is a key step towards full intelligence.
In order to solve the many challenges of building large-scale knowledge graphs, the EpiK Protocol was born. EpiK Protocol is a decentralized, hyper-scale knowledge graph that organizes and incentivizes knowledge through decentralized storage technology, decentralized autonomous organizations, and generalized economic models. Members of the global community will expand the horizons of artificial intelligence into a smarter future by organizing all areas of human knowledge into a knowledge map that will be shared and continuously updated for the eternal knowledge vault of humanity
And then, for what reason was the fork chosen in the first place?
EpiK’s project founders are all senior blockchain industry practitioners and have been closely following the industry development and application scenarios, among which decentralized storage is a very fresh application scenario.
However, in the development process of Filecoin, the team found that due to some design mechanisms and historical reasons, the team found that Filecoin had some deviations from the original intention of the project at that time, such as the overly harsh penalty mechanism triggered by the threat to weaken security, and the emergence of the computing power competition leading to the emergence of computing power monopoly by large miners, thus monopolizing the packaging rights, which can be brushed with computing power by uploading useless data themselves.
The emergence of these problems will cause the data environment on Filecoin to get worse and worse, which will lead to the lack of real value of the data in the chain, high data redundancy, and the difficulty of commercializing the project to land.
After paying attention to the above problems, the project owner proposes to introduce multi-party roles and a decentralized collaboration platform DAO to ensure the high value of the data on the chain through a reasonable economic model and incentive mechanism, and store the high-value data: knowledge graph on the blockchain through decentralized storage, so that the lack of value of the data on the chain and the monopoly of large miners’ computing power can be solved to a large extent.
Finally, what differences exist between the forked project and Filecoin itself?
On the basis of the above-mentioned issues, EpiK’s design is very different from Filecoin, first of all, EpiK is more focused in terms of business model, and it faces a different market and track from the cloud storage market where Filecoin is located because decentralized storage has no advantage over professional centralized cloud storage in terms of storage cost and user experience.
EpiK focuses on building a decentralized knowledge graph, which reduces data redundancy and safeguards the value of data in the distributed storage chain while preventing the knowledge graph from being tampered with by a few people, thus making the commercialization of the entire project reasonable and feasible.
From the perspective of ecological construction, EpiK treats miners more friendly and solves the pain point of Filecoin to a large extent, firstly, it changes the storage collateral and commitment collateral of Filecoin to one-time collateral.
Miners participating in EpiK Protocol are only required to pledge 1000 EPK per miner, and only once before mining, not in each sector.
What is the concept of 1000 EPKs, you only need to participate in pre-mining for about 50 days to get this portion of the tokens used for pledging. The EPK pre-mining campaign is currently underway, and it runs from early September to December, with a daily release of 50,000 ERC-20 standard EPKs, and the pre-mining nodes whose applications are approved will divide these tokens according to the mining ratio of the day, and these tokens can be exchanged 1:1 directly after they are launched on the main network. This move will continue to expand the number of miners eligible to participate in EPK mining.
Secondly, EpiK has a more lenient penalty mechanism, which is different from Filecoin’s official consensus, storage and contract penalties, because the protocol can only be uploaded by field experts, which is the “Expert to Person” mode. Every miner needs to be backed up, which means that if one or more miners are offline in the network, it will not have much impact on the network, and the miner who fails to upload the proof of time and space in time due to being offline will only be forfeited by the authorities for the effective computing power of this sector, not forfeiting the pledged coins.
If the miner can re-submit the proof of time and space within 28 days, he will regain the power.
Unlike Filecoin’s 32GB sectors, EpiK’s encapsulated sectors are smaller, only 8M each, which will solve Filecoin’s sector space wastage problem to a great extent, and all miners have the opportunity to complete the fast encapsulation, which is very friendly to miners with small computing power.
The data and quality constraints will also ensure that the effective computing power gap between large and small miners will not be closed.
Finally, unlike Filecoin’s P2P data uploading model, EpiK changes the data uploading and maintenance to E2P uploading, that is, field experts upload and ensure the quality and value of the data on the chain, and at the same time introduce the game relationship between data storage roles and data generation roles through a rational economic model to ensure the stability of the whole system and the continuous high-quality output of the data on the chain.
Deep Chain Finance:
Eric, on the eve of Filecoin’s mainline launch, issues such as Filecoin’s pre-collateral have aroused a lot of controversy among the miners. In your opinion, what kind of impact will Filecoin bring to itself and the whole distributed storage ecosystem after it launches? Do you think that the current confusing FIL prices are reasonable and what should be the normal price of FIL?
Eric:
Filecoin mainnet has launched and many potential problems have been exposed, such as the aforementioned high pre-security problem, the storage resource waste and computing power monopoly caused by unreasonable sector encapsulation, and the harsh penalty mechanism, etc. These problems are quite serious, and will greatly affect the development of Filecoin ecology.
These problems are relatively serious, and will greatly affect the development of Filecoin ecology, here are two examples to illustrate. For example, the problem of big miners computing power monopoly, now after the big miners have monopolized computing power, there will be a very delicate state — — the miners save a file data with ordinary users. There is no way to verify this matter in the chain, whether what he saved is uploaded by himself or someone else. And after the big miners have monopolized computing power, there will be a very delicate state — — the miners will save a file data with ordinary users, there is no way to verify this matter in the chain, whether what he saved is uploaded by himself or someone else. Because I can fake another identity to upload data for myself, but that leads to the fact that for any miner I go to choose which data to save. I have only one goal, and that is to brush my computing power and how fast I can brush my computing power.
There is no difference between saving other people’s data and saving my own data in the matter of computing power. When I save someone else’s data, I don’t know that data. Somewhere in the world, the bandwidth quality between me and him may not be good enough.
The best option is to store my own local data, which makes sense, and that results in no one being able to store data on the chain at all. They only store their own data, because it’s the most economical for them, and the network has essentially no storage utility, no one is providing storage for the masses of retail users.
The harsh penalty mechanism will also severely deplete the miner’s profits, because DDOS attacks are actually a very common attack technique for the attacker, and for a big miner, he can get a very high profit in a short period of time if he attacks other customers, and this thing is a profitable thing for all big miners.
Now as far as the status quo is concerned, the vast majority of miners are actually not very well maintained, so they are not very well protected against these low-DDOS attacks. So the penalty regime is grim for them.
The contradiction between the unreasonable system and the demand will inevitably lead to the evolution of the system in a more reasonable direction, so there will be many forked projects that are more reasonable in terms of mechanism, thus attracting Filecoin miners and a diversion of storage power.
Since each project is in the field of decentralized storage track, the demand for miners is similar or even compatible with each other, so miners will tend to fork the projects with better economic benefits and business scenarios, so as to filter out the projects with real value on the ground.
For the chaotic FIL price, because FIL is also a project that has gone through several years, carrying too many expectations, so it can only be said that the current situation has its own reasons for existence. As for the reasonable price of FIL there is no way to make a prediction because in the long run, it is necessary to consider the commercialization of the project to land and the value of the actual chain of data. In other words, we need to keep observing whether Filecoin will become a game of computing power or a real value carrier.
Deep Chain Finance:
Leo, we just mentioned that the pre-collateral issue of Filecoin caused the dissatisfaction of miners, and after Filecoin launches on the main website, the second round of space race test coins were directly turned into real coins, and the official selling of FIL hit the market phenomenon, so many miners said they were betrayed. What I want to know is, EpiK’s main motto is “save the miners eliminated by Filecoin”, how to deal with the various problems of Filecoin, and how will EpiK achieve “save”?
Leo:
Originally Filecoin’s tacit approval of the computing power makeup behavior was to declare that the official directly chose to abandon the small miners. And this test coin turned real coin also hurt the interests of the loyal big miners in one cut, we do not know why these low-level problems, we can only regret.
EpiK didn’t do it to fork Filecoin, but because EpiK to build a shared knowledge graph ecology, had to integrate decentralized storage in, so the most hardcore Filecoin’s PoRep and PoSt decentralized verification technology was chosen. In order to ensure the quality of knowledge graph data, EpiK only allows community-voted field experts to upload data, so EpiK naturally prevents miners from making up computing power, and there is no reason for the data that has no value to take up such an expensive decentralized storage resource.
With the inability to make up computing power, the difference between big miners and small miners is minimal when the amount of knowledge graph data is small.
We can’t say that we can save the big miners, but we are definitely the optimal choice for the small miners who are currently in the market to be eliminated by Filecoin.
Deep Chain Finance:
Let me ask Eric: According to EpiK protocol, EpiK adopts the E2P model, which allows only experts in the field who are voted to upload their data. This is very different from Filecoin’s P2P model, which allows individuals to upload data as they wish. In your opinion, what are the advantages of the E2P model? If only voted experts can upload data, does that mean that the EpiK protocol is not available to everyone?
Eric:
First, let me explain the advantages of the E2P model over the P2P model.
There are five roles in the DAO ecosystem: miner, coin holder, field expert, bounty hunter and gateway. These five roles allocate the EPKs generated every day when the main network is launched.
The miner owns 75% of the EPKs, the field expert owns 9% of the EPKs, and the voting user shares 1% of the EPKs.
The other 15% of the EPK will fluctuate based on the daily traffic to the network, and the 15% is partly a game between the miner and the field expert.
The first describes the relationship between the two roles.
The first group of field experts are selected by the Foundation, who cover different areas of knowledge (a wide range of knowledge here, including not only serious subjects, but also home, food, travel, etc.) This group of field experts can recommend the next group of field experts, and the recommended experts only need to get 100,000 EPK votes to become field experts.
The field expert’s role is to submit high-quality data to the miner, who is responsible for encapsulating this data into blocks.
Network activity is judged by the amount of EPKs pledged by the entire network for daily traffic (1 EPK = 10 MB/day), with a higher percentage indicating higher data demand, which requires the miner to increase bandwidth quality.
If the data demand decreases, this requires field experts to provide higher quality data. This is similar to a library with more visitors needing more seats, i.e., paying the miner to upgrade the bandwidth.
When there are fewer visitors, more money is needed to buy better quality books to attract visitors, i.e., money for bounty hunters and field experts to generate more quality knowledge graph data. The game between miners and field experts is the most important game in the ecosystem, unlike the game between the authorities and big miners in the Filecoin ecosystem.
The game relationship between data producers and data storers and a more rational economic model will inevitably lead to an E2P model that generates stored on-chain data of much higher quality than the P2P model, and the quality of bandwidth for data access will be better than the P2P model, resulting in greater business value and better landing scenarios.
I will then answer the question of whether this means that the EpiK protocol will not be universally accessible to all.
The E2P model only qualifies the quality of the data generated and stored, not the roles in the ecosystem; on the contrary, with the introduction of the DAO model, the variety of roles introduced in the EpiK ecosystem (which includes the roles of ordinary people) is not limited. (Bounty hunters who can be competent in their tasks) gives roles and possibilities for how everyone can participate in the system in a more logical way.
For example, a miner with computing power can provide storage, a person with a certain domain knowledge can apply to become an expert (this includes history, technology, travel, comics, food, etc.), and a person willing to mark and correct data can become a bounty hunter.
The presence of various efficient support tools from the project owner will lower the barriers to entry for various roles, thus allowing different people to do their part in the system and together contribute to the ongoing generation of a high-quality decentralized knowledge graph.
Deep Chain Finance:
Leo, some time ago, EpiK released a white paper and an economy whitepaper, explaining the EpiK concept from the perspective of technology and economy model respectively. What I would like to ask is, what are the shortcomings of the current distributed storage projects, and how will EpiK protocol be improved?
Leo:
Distributed storage can easily be misunderstood as those of Ali’s OceanDB, but in the field of blockchain, we should focus on decentralized storage first.
There is a big problem with the decentralized storage on the market now, which is “why not eat meat porridge”.
How to understand it? Decentralized storage is cheaper than centralized storage because of its technical principle, and if it is, the centralized storage is too rubbish for comparison.
What incentive does the average user have to spend more money on decentralized storage to store data?
Is it safer?
Existence miners can shut down at any time on decentralized storage by no means save a share of security in Ariadne and Amazon each.
More private?
There’s no difference between encrypted presence on decentralized storage and encrypted presence on Amazon.
Faster?
The 10,000 gigabytes of bandwidth in decentralized storage simply doesn’t compare to the fiber in a centralized server room. This is the root problem of the business model, no one is using it, no one is buying it, so what’s the big vision.
The goal of EpiK is to guide all community participants in the co-construction and sharing of field knowledge graph data, which is the best way for robots to understand human knowledge, and the more knowledge graph data there is, the more knowledge a robot has, the more intelligent it is exponentially, i.e., EpiK uses decentralized storage technology. The value of exponentially growing data is captured with linearly growing hardware costs, and that’s where the buy-in for EPK comes in.
Organized data is worth a lot more than organized hard drives, and there is a demand for EPK when robots have the need for intelligence.
Deep Chain Finance:
Let me ask Leo, how many forked projects does Filecoin have so far, roughly? Do you think there will be more or less waves of fork after the mainnet launches? Have the requirements of the miners at large changed when it comes to participation?
Leo:
We don’t have specific statistics, now that the main network launches, we feel that forking projects will increase, there are so many restricted miners in the market that they need to be organized efficiently.
However, we currently see that most forked projects are simply modifying the parameters of Filecoin’s economy model, which is undesirable, and this level of modification can’t change the status quo of miners making up computing power, and the change to the market is just to make some of the big miners feel more comfortable digging up, which won’t help to promote the decentralized storage ecology to land.
We need more reasonable landing scenarios so that idle mining resources can be turned into effective productivity, pitching a 100x coin instead of committing to one Fomo sentiment after another.
Deep Chain Finance:
How far along is the EpiK Protocol project, Eric? What other big moves are coming in the near future?
Eric:
The development of the EpiK Protocol is divided into 5 major phases.
(a) Phase I testing of the network “Obelisk”.
Phase II Main Network 1.0 “Rosetta”.
Phase III Main Network 2.0 “Hammurabi”.
(a) The Phase IV Enrichment Knowledge Mapping Toolkit.
The fifth stage is to enrich the knowledge graph application ecology.
Currently in the first phase of testing network “Obelisk”, anyone can sign up to participate in the test network pre-mining test to obtain ERC20 EPK tokens, after the mainnet exchange on a one-to-one basis.
We have recently launched ERC20 EPK on Uniswap, you can buy and sell it freely on Uniswap or download our EpiK mobile wallet.
In addition, we will soon launch the EpiK Bounty platform, and welcome all community members to do tasks together to build the EpiK community. At the same time, we are also pushing forward the centralized exchange for token listing.
Users’ Questions
User 1:
Some KOLs said, Filecoin consumed its value in the next few years, so it will plunge, what do you think?
Eric:
First of all, the judgment of the market is to correspond to the cycle, not optimistic about the FIL first judgment to do is not optimistic about the economic model of the project, or not optimistic about the distributed storage track.
First of all, we are very confident in the distributed storage track and will certainly face a process of growth and decline, so as to make a choice for a better project.
Since the existing group of miners and the computing power already produced is fixed, and since EpiK miners and FIL miners are compatible, anytime miners will also make a choice for more promising and economically viable projects.
Filecoin consumes the value of the next few years this time, so it will plunge.
Regarding the market issues, the plunge is not a prediction, in the industry or to keep learning iteration and value judgment. Because up and down market sentiment is one aspect, there will be more very important factors. For example, the big washout in March this year, so it can only be said that it will slow down the development of the FIL community. But prices are indeed unpredictable.
User2:
Actually, in the end, if there are no applications and no one really uploads data, the market value will drop, so what are the landing applications of EpiK?
Leo: The best and most direct application of EpiK’s knowledge graph is the question and answer system, which can be an intelligent legal advisor, an intelligent medical advisor, an intelligent chef, an intelligent tour guide, an intelligent game strategy, and so on.
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Bitcoin Network Status Update Saturday, October 17, 2020

Status of the Bitcoin network as of Saturday, October 17, 2020 at 12:00:01 EST:

Total bitcoins: 18,519,821.044971
Height: 653,184
Difficulty: 19,298,087,186,262.609375
Statistics for the past 24 hours:
Number of blocks mined: 156
Total bitcoins output (amount sent): 2,125,259.562607
Total fees: 44.052392
Average time until block found: 9 minutes, 13 seconds
Estimated hashrate: 149,652,846,262.926483 gh/s
Current price: US$11,342.75
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
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Bitcoin Network Status Update Saturday, October 24, 2020

Status of the Bitcoin network as of Saturday, October 24, 2020 at 12:00:01 EST:

Total bitcoins: 18,525,746.044971
Height: 654,132
Difficulty: 19,997,335,994,446.109375
Statistics for the past 24 hours:
Number of blocks mined: 158
Total bitcoins output (amount sent): 2,383,967.837545
Total fees: 117.768921
Average time until block found: 9 minutes, 6 seconds
Estimated hashrate: 157,063,528,305.187439 gh/s
Current price: US$13,115.15
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
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Bitcoin Network Status Update Wednesday, October 21, 2020

Status of the Bitcoin network as of Wednesday, October 21, 2020 at 12:00:02 EST:

Total bitcoins: 18,523,133.544971
Height: 653,714
Difficulty: 19,997,335,994,446.109375
Statistics for the past 24 hours:
Number of blocks mined: 133
Total bitcoins output (amount sent): 4,190,543.524081
Total fees: 103.263316
Average time until block found: 10 minutes, 49 seconds
Estimated hashrate: 132,211,704,217.137268 gh/s
Current price: US$12,751.77
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
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Bitcoin Network Status Update Thursday, October 08, 2020

Status of the Bitcoin network as of Thursday, October 08, 2020 at 12:00:02 EST:

Total bitcoins: 18,511,414.794971
Height: 651,839
Difficulty: 19,298,087,186,262.609375
Statistics for the past 24 hours:
Number of blocks mined: 159
Total bitcoins output (amount sent): 2,099,020.596108
Total fees: 88.596272
Average time until block found: 9 minutes, 3 seconds
Estimated hashrate: 152,530,785,568.975098 gh/s
Current price: US$10,918.99
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
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Bitcoin Network Status Update Monday, October 19, 2020

Status of the Bitcoin network as of Monday, October 19, 2020 at 12:00:01 EST:

Total bitcoins: 18,521,389.794971
Height: 653,435
Difficulty: 19,997,335,994,446.109375
Statistics for the past 24 hours:
Number of blocks mined: 118
Total bitcoins output (amount sent): 2,708,398.430963
Total fees: 40.424250
Average time until block found: 12 minutes, 12 seconds
Estimated hashrate: 117,300,609,707.048569 gh/s
Current price: US$11,785.58
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
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Bitcoin Network Status Update Sunday, October 04, 2020

Status of the Bitcoin network as of Sunday, October 04, 2020 at 12:00:02 EST:

Total bitcoins: 18,507,721.044971
Height: 651,248
Difficulty: 19,305,760,179,756.386719
Statistics for the past 24 hours:
Number of blocks mined: 149
Total bitcoins output (amount sent): 1,836,349.368615
Total fees: 54.135412
Average time until block found: 9 minutes, 39 seconds
Estimated hashrate: 142,994,487,016.447662 gh/s
Current price: US$10,587.52
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
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Bitcoin Q&A - YouTube ⚠️ BITCOIN FAKEOUT OR BREAKOUT ⚠️ Has mining difficulty pumped Bitcoin? What is Bitcoin Mining? - YouTube Bitcoin Trading using Bayesian Regression 21 Bitcoin Computer Walkthrough

Bitcoin (BTC) Stats. Transactions count, value, Bitcoins sent, difficulty, blocks count, network hashrate, market capitalization... 0xBitcoin Token Statistics. stats; miners; blocks; mining calculator; difficulty / hashrate ... There are many places with good statistics about Bitcoin. The best place to start is with your own full node. Difficulty... Height of tip... Total coins... Websites with statistics. Here are some notable websites that can give you a quick overview of relevant statistics. Clark Moody Bitcoin Dashboard; Bitcoin Statistics; This page is a stub ... The difficulty is a measure of how difficult it is to mine a Bitcoin block, or in more technical terms, to find a hash below a given target. A high difficulty means that it will take more computing power to mine the same number of blocks, making the network more secure against attacks. Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14. Meanwhile, despite the recent price rise and hashrate ATH on Wednesday, only a small group of next-generation mining rigs are profiting at current bitcoin exchange rates. The price of bitcoin (BTC) is hovering just above the $11K region and during the last few days, the ...

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Bitcoin Q&A - YouTube

Bitcoin Q&A: Wealth distribution statistics by aantonop. 5:44. Bitcoin Q&A: Do altcoins threaten to replace bitcoin? by aantonop. 4:50. Bitcoin Q&A: HODLing and the "get free" scheme by aantonop ... bitcoin,bitcoin script,script,bitcoin hack,free bitcoin,freebitco.in script,free bitcoin script hack,earn bitcoin,bitcoin 2020 crash,bitcoin 2020 covid,bitcoin 2020 conf,bitcoin cash 2020,bitcoin ... Investing in bitcoin, cryptocurrency or any other products recommended on this channel is risky AF and you’ll most likely get REKT. If that happens, you’re on your own pal, don’t so I didn ... The MIT Bitcoin Club hosted a talk about Bitcoin Trading by Professor Devavrat Shah. Last fall Professor Shah published his paper about a Bitcoin trading strategy. “Over 50 days, the team’s ... Best if watched in fullscreen 720P In this video I show how you can easily query live bitcoin blockchain statistics for your website using Blockchain.info API. Get the current difficulty, get the ...

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