China wants an “orderly exit” from bitcoin mining

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Wicked, it seems that there is an epidemic of fake volumeand that it comes from China primarily. One way to see which crypto coins are NOT scams is to look at the source code dev statistics, here are some nice stats.

Today I have looked at the official website of JesusCoin and their white paper. The same text appears in both. Excerpts — do not blame me for these — we read for example that: All you need to know in one page, see here.

These people are sacrificing their salary [UCL will cut their pay down] and there is a strong support financial cryptography bitcoin miner the strike. The strike is financial cryptography bitcoin miner on the premises that our employer, UCL, are?

I definitely do not support UCL cutting down their contributions, and do I do not think that UCL management are our friends and have good intentions or that they do ever care about people who work here. Or I do not wish to see UCL giving money back to disappointed students.

I do NOT support the amin idea in this strike. In fact I do financial cryptography bitcoin miner support our pension schemes at all. It is quite naive to believe that generous pensions are our friend. I believe that employers and governments should spend money on creating new positions for senior people e. Or is it about trying to get rid of them? I believe that most current pension systems are perverse, stupid and need reform.

They are about ejecting people from social and economic niches or positions which they occupy, under the pretext that they are old. We are offered some income or compensation, if we retire. Is it a gift, a bribe or a trap? I am against spending lots of money on pensions which redistribute money between generations. Here financial cryptography bitcoin miner is, it covers primarily questions about regulation and investor protection.

It stresses the fact that ICOs are transforming the way in which funding of new business ventures is done. At this moment the history repeats financial cryptography bitcoin miner ViaCoin: There is a serious bug in Windows ViaCoin 2. As a world premiere, here is the solution! This software has been used since Aprilthe bug is now in the wild and potentially anyone using Vialectrum under windows and sending to a multisig address will lose money.

For this one needs to follow the following steps:. The main developer romanoRNR has promised to release new corrected Windows distribution within days. We see that bitcoin price has grown way faster than exponentially! The evil empire will now strike back. This is precisely the whole point of the futures market.

Now more traders than ever will trade both ways: These comments are particularly visionary for bitcoin. If in traditional markets you already have the cyber security question, these questions are more likely to bite in bitcoin.

There are huge risks bitcoin collapsing very badly due to a bug or a backdoor or a large cyber attack on P2P network, software and hardware ecosystem, deposits kept on exchanges, or on miner pools.

In bitcoin, some catastrophic events is what is bound to happen, or is very likely, just listen to John McAffee. The show must go on. Public donations are sought by Pilsudski Institute in London. The most prominent host of the institute is an extremely rare WW2 Enigma machine. This machine was made in France during WW2 to assist Polish code breakers in their daily code-breaking tasks [done in close collaboration with Bletchley Park, UK]. Only two such machines exist, see here for more details.

This unique collaboration of the intelligence services of France XBritain Y and Poland Zwas one of the most financial cryptography bitcoin miner but also most secret success stories which have made WW2 Victory possible. It will reveal financial cryptography bitcoin miner facts based on recently declassified French WW2 archives. I recommend financial cryptography bitcoin miner civilized people to boycott this coin.

So why I am not on strike? However I am against this strike in particular, on ideological grounds. How to Recover Coins Lost This software has been used since Aprilthe bug is now in the wild and potentially anyone using Vialectrum under windows and sending to a multisig address will lose money. For this one needs to follow the following steps: Build the dev version from sources tried and worked under Ubuntu 16 as explained here. However it is normal that Python 2. If problem with aes. Then create a new multisig wallet, for example 2 out of 4 with any mix of xpub, recovery seeds or xpriv exported from faulty Windows wallets.

From this wallet one should be able to spend the coins lost. Just send them anywhere! This solution was tested and works.

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Today in bitcoin 2017 09 06 sec chief icos are roaches bitcoin real estate msm fud

December 22, 7: Last Updated December 28, 2: December saw a flurry of activity as companies eager to create new Bitcoin rushed to raise new capital. The company plans to bring Bitcoin mining equipment online at its B. Hive Blockchain Technologies , formerly gold exploration firm Leeta Gold, listed on the exchange in September, and subsequently acquired an Iceland datacentre from cryptocurrency mining firm.

In December, Hive announced that it will create a Bitcoin mining facility in Sweden, to be completed next year. This will complement an existing facility in Iceland. On a large scale, these companies are pursuing what many people have been doing with computers in their basements for years: Miners perform a vital service for the blockchain, a giant, distributed ledger that records transactions made in Bitcoin.

To ensure that everyone agrees on the transactions, miners use complex, computing-intensive mathematical calculations to seal them into the ledger so that no one can alter them later. Miners are motivated by profit, because they earn Bitcoins from the network in return for their mining services.

This makes things increasingly unprofitable for basement-based hobby miners with their constrained computing power. Those serious about Bitcoin mining are scaling up, using more electricity to fuel their increasingly computer-intensive infrastructures. Bitcoin mining is becoming a literal power grab.

In Montreal, Technologies D-Central has 50 or more computers noisily mining the currency in a warehouse. Newly formed Vancouver company Hut 8 hopes to dwarf them both by eventually controlling 60 MW of power, and it is partnering with Bitcoin mining giant Bitfury Group to do it. Bitfury, which operates datacentres using its own Bitcoin mining rigs, is raising capital to build more datacentres in North America via a reverse takeover in Canada.

In an RTO, one company acquires the assets of another and then lists on a stock exchange, effectively taking the private company public. It also took control of 22 Bitfury facilities, constituting It will also extend its control to an additional 35 Bitfury datacentres operating at Given these factors, we think the RTO is the preferred capitalization route. Could miners cash in by creating and holding this strange digital asset?

Those who bought or mined the cryptocurrency this time last year had made more than 2, per cent in profits as Christmas approached. No more than 21 million Bitcoins will ever be produced in total; This makes it an excellent store of value, he says. In spite of the rise in price, the initial dream of Bitcoin has flopped. But we are at the point now where nothing matters except the price.

This is what happens in a mania. Not everyone is convinced. Instead, people are labelling it an asset class. Hut 8 is neutral on the price of Bitcoin because it makes more profit as the price increases and gains market share if the price decreases. In the meantime, Hut 8 is already negotiating deals for cheap electricity with provinces across Canada.

Hive and Hashchain have their own risk-mitigation strategies: Canadian Bitcoin miners are cashing in, with financing, expansions and takeovers. West Texas Intermediate crude briefly pared losses as Trump announced his decision. Scotiabank raised the posted rate for a five-year fixed-rate mortgage from 5. Find FP Entrepreneur on Facebook.