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Why My Energy Company Pays Me For Running A Bitcoin Miner At Home

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Cycling home bitcoin miners with peak energy consumption times and capturing their excess heat help make the case for small-scale mining.

Decentralization is a core ethos of Bitcoin. In this article, I will discuss the importance of keeping Bitcoin mining decentralized with widespread, small-scale mines.

The future is competitive.

Large Bitcoin mines have economies-of-scale advantages and are able to be set up in jurisdictions with the lowest power costs. While large-scale mines do play an important role in the scaling of hash power, it is important to have large- and small-scale mines. Currently, the incentive structure favors relative centralization of mining to large mines.  Read more...

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Indictments Issued for Two Individuals for Running “Shadow Banking” Operation

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exchnagshadow.jpg

U.S. Attorney's office for the Southern District of New York has charged two individuals for providing “shadow banking” services to crypto exchanges.

According to a statement by Geoffrey S. Berman, the U.S. Attorney for the Southern District of New York, published on April 30, 2019, “Reginald Fowler and Ravid Yosef allegedly ran a shadow bank that processed hundreds of millions of dollars of unregulated transactions on behalf of numerous cryptocurrency exchanges.”

The D.A. also claimed that both individuals ran an organization that managed to evade the Anti-Money Laundering (AML) laws that govern the operations of licensed financial institutions.  Read more...

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Lightning Torch’s Bitcoin Payment Is Running a Worldwide Marathon

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A lightning network payment has been making global rounds on Bitcoin’s secondary layer. The payment, slowly accumulating in value with each passing, is 2.8 ($ 96) million satoshis strong and still going. Dubbed the Lightning Torch, the payment has changed hands nearly 150 times across 39 countries.

Traditionally, participants announce their ownership over Twitter to seek out the next recipient. Hopeful torch bearers respond to the tweets with a lightning network invoice, and after choosing a user to trust, the current holder adds a discretionary amount to the payment’s sum and sends it to the next holder.  Read more...

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Bitcoin Bull John Mcafee Is Running for President While Running from the Law

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By CCN.com: John McAfee announced Tuesday afternoon in a video tweet that he and his wife have been indicted by a grand jury in Tennessee on federal, felony charges related to what McAfee acknowledges in the video are eight years of delinquent U.S. federal income taxes to the IRS. The McAfee 2020 Campaign is, as

The post Bitcoin Bull John Mcafee Is Running for President While Running from the Law appeared first on CCN

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10 Years Ago Today, Hal Finney Started ‘Running Bitcoin’

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Hal Finney is one of the people many suspected to be Satoshi Nakamoto. A long-time cryptographer and cypherpunk, Finney was the first person ever to receive a Bitcoin transaction. From Satoshi Nakamoto. He was enthusiastic about the project from the beginning. He posted the first known tweet about Bitcoin ten years ago today: Running bitcoin

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This New Lightning Wallet Allows You to Receive Tips Without Running a Node

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Tippin.me

A new program to set up Lightning Network micropayments, tippin.me, has recently entered beta testing.

The developer for this project described some of its details on a Reddit thread to the r/Bitcoin subreddit. The dev says that it “allows you to receive tips (micro-payments) over the Lightning Network, anytime, anywhere, without needing a LN node,” by means of “a simple web custodial wallet.”

Upon signup, tippin.me “gives you a personal tippin’ link to be shared that contains a fresh QR Invoice with an undefined amount to be paid. If anyone sends you money to that QR Invoice, this amount will appear in your tippin.me dashboard.” The overall plan is for people to “share it to receive tips across webs, blogs, patreons, forums, etc. using Lightning Network.”  Read more...

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Analyst: Crypto ICOs in Crisis, Running Out of Money With No Products

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In the bull market of 2018, initial coin offering (ICO) projects in the crypto market raised tens of millions of dollars on average from investors in the public market to create decentralized applications (dApps) and systems. Fast forward 12 months, most of the ICO projects that currently exist in the sector have either have no

The post Analyst: Crypto ICOs in Crisis, Running Out of Money With No Products appeared first on CCN

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Twitch Is Running a Thanksgiving Pokémon Marathon

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Live streaming video platform Twitch is running a Pokémon marathon starting at 1:00 PM (EST) on Thanksgiving and continuing through December 3. On November 22, let’s be thankful…that Seasons 1-5 of Pokémon the Series are coming back to Twitch! If you missed the marathon or you’re ready for a rewatch, join us for round two at […]
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SEC charges Zachary Coburn with running unregistered token exchange EtherDelta

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SEC charges Zachary Coburn with running unregistered token exchange EtherDelta
The Securities and Exchange Commission (SEC) announced in a press release it sent to CoinReport that it had settled charges against Zachary Coburn, the founder of digital token trading platform EtherDelta, for operating the exchange without registration. It is the first time that the SEC has taken a…

The post SEC charges Zachary Coburn with running unregistered token exchange EtherDelta appeared first on CoinReport.

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John McAfee Running for Office?

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John McAfee Running for Office?

John McAfee has expressed his interest in becoming the President of the United States. He aims to be the first citizen of the US to further the cause of digital currencies and blockchain at more of a national stage. His announcement came from his official Twitter account on October 3rd.

Through the aforementioned Tweet, McAfee states his interest in becoming the next president of the country by saying:

“Let’s be real.

Continue reading John McAfee Running for Office? at Crypto Daily™.

Crypto Daily™

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World’s Longest Running TV Soap Opera Airs Cryptocurrency Storyline

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Coronation street

UK soap opera, Coronation Street, played its part in raising cryptocurrency awareness this week, with a storyline involving the imaginary ‘WhipCoin’. 

Rags to Riches to…

Coronation Street is the worlds longest running TV soap opera, with a regular audience of around 8 million. In the programme, Ryan Connor, a semi-regular character since 2006, has gambled away the money he earned DJing in Ibiza. He then remembers investing 50 quid (£50) in WhipCoin several years ago. A quick internet search and he realizes that his investment is now worth £250 million.

If only he could remember his password!  Read more...

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StellarX Weigh In On The Problems With Running ICO’s On Ethereum

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StellarX Weigh In On The Problems With Running ICO’s On Ethereum

StellarX is the looming crypto asset trading platform, developed by an affiliated branch of Stellar (you know, the XLM crypto project). As the StellarX platform continues to see its development, some of the team there have been carrying out side research into why the Ethereum blockchain is a bad place to launch an ICO, indeed, they share some interesting findings too.

In a blog on the StellarX blog page, written by ‘Christian’ it’s made clear that the StellarX team think Ethereum is a bad idea for ICO’s, citing a number of different reasons that I’m going to share with you now.  Read more...

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Here’s How To Save Gas When Running Audits On Decentralised Applications

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Here’s How To Save Gas When Running Audits On Decentralised Applications

This ones a little technical, so bear with us, however Bitfalls have written an article that discusses some steps that can be taken to save gas and thus, save money when running audits on decentralised applications, or DApps.

First of all, let’s define what gas is, according to Bitfalls:

“Gas is a unit of cost for a particular operation a computer needs to execute, and it executes this instruction when we broadcast a transaction which contains an Ethereum program in order to run a dapp.

Continue reading Here’s How To Save Gas When Running Audits On Decentralised Applications at Crypto Daily™.  Read more...

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Europe’s Clocks Are Running Slow and Crypto Mining Is Being Blamed

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Europe’s Clocks Are Running Slow and Crypto Mining Is Being Blamed

From wrecking the environment to making it harder to search for alien life, cryptocurrency mining has been blamed for a multitude of sins. But to cause time itself to slow down is a fresh charge and one which, on the surface, sounds impossible. Something strange is happening in Central Europe right now: clocks are running slow, and not by fractions of a second, but entire minutes. Could large scale crypto mining be responsible or is it being made a convenient scapegoat?

Also read: New Study Looks at the Cost to Mine BTC Across the Globe  Read more...

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Bitcoin Legal In Venezuela, Two Arrested For Running 11,000 Mining Machines? (The Cryptoverse #197)

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**On Today’s Episode Of The Cryptoverse:**
According to reports on January 27, the Organized Crime Bureau of the Bolivarian National Police (BNP) shut down an 11,000 unit Bitcoin mining undertaking.

**Please Support The Cryptoverse And Boost Cryptocurrency Adoption By Becoming A Cryptoversity Patron:**
Make a regular contribution and you’ll help to secure Cryptoversity’s future, get unlimited access to all Cryptoversity courses as well as a private Telegram chat group where you get direct access to me:

Podcast v3.1

**Or Pay As You Go With Bitcoin Tips (Dash address on the podcast page above):**
1Lak8zkQbUB5FgDD6ci6M82oTVBveuBxBT  Read more...

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OpenBazaar 2.0 Now Running on Tor Network (The Cryptoverse #100)

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OpenBazaar has just run the first successful test on its upcoming version 2.0, designed to run on the Tor privacy network.

Support The Cryptoverse Podcast by visiting the Cryptoversity Store:
https://www.cryptoversity.com/store

Subscribe to the podcast here:
https://www.cryptoversity.com/podcast/

Sources:

OpenBazaar 2.0 Now Running on Tor Network

FBI Contracted Former Tor Developer To Create Torsploit Malware

Tor Contributor Leaves Network, Crucial Node Stops Running

Produced by Cryptoversity.com the online school where you set the price to learn about Bitcoin, crypto-currencies and blockchains.

https://www.cryptoversity.com/  Read more...

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