Bitcoins Mining - so geht's - CHIP

Microcash - General Discussion

Microcash is a new form of cryptographic currency, currently under development. Bitcoin has been a genius proof-of-concept and proof-of-adoption digital commodity. The Microcash project hopes to vastly improve upon the distributed cryptographic currency idea with numerous innovations that current crypto-currencies cannot implement due to the nature of the bitcoin protocol.
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Very First Discussion of Bitcoin by Satoshi: BTC can Scale with specialists with server farms of specialized hardware.

In 2008 Nov, this is very first Satoshi's response after he published the white paper, answering the critic that Bitcoin network can't scale which also the first response to his white paer.... The scaling debate started in the inception of Bitcoin.
Re: Bitcoin P2P e-cash paper
Satoshi Nakamoto Sun, 02 Nov 2008 17:56:27 -0800
Satoshi Nakamoto wrote:
I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party.
The paper is available at: http://www.bitcoin.org/bitcoin.pdf
We very, very much need such a system, but the way I understand your proposal, it does not seem to scale to the required size.
For transferable proof of work tokens to have value, they must have monetary value. To have monetary value, they must be transferred within a very large network - for example a file trading network akin to bittorrent.
To detect and reject a double spending event in a timely manner, one must have most past transactions of the coins in the transaction, which, naively implemented, requires each peer to have most past transactions, or most past transactions that occurred recently. If hundreds of millions of people are doing transactions, that is a lot of bandwidth - each must know all, or a substantial part thereof.
Long before the network gets anywhere near as large as that, it would be safe for users to use Simplified Payment Verification (section 8) to check for double spending, which only requires having the chain of block headers, or about 12KB per day. Only people trying to create new coins would need to run network nodes. At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware. A server farm would only need to have one node on the network and the rest of the LAN connects with that one node.
The bandwidth might not be as prohibitive as you think. A typical transaction would be about 400 bytes (ECC is nicely compact). Each transaction has to be broadcast twice, so lets say 1KB per transaction. Visa processed 37 billion transactions in FY2008, or an average of 100 million transactions per day. That many transactions would take 100GB of bandwidth, or the size of 12 DVD or 2 HD quality movies, or about $18 worth of bandwidth at current prices.
If the network were to get that big, it would take several years, and by then, sending 2 HD movies over the Internet would probably not seem like a big deal.
Satoshi Nakamoto https://www.mail-archive.com/[email protected]/msg09964.html
submitted by KingofKens to btc [link] [comments]

Satoshi lays out vision for Bitcoin at odds with claims that we need a 1 MB limit so everyone can run a full node: "At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware."

submitted by aminok to Bitcoin [link] [comments]

ORWL physically secure PC - We need secure hardware like this for Bitcoin businesses' servers

ORWL physically secure PC - We need secure hardware like this for Bitcoin businesses' servers submitted by petertodd to Bitcoin [link] [comments]

Bitcoin Accepted at The ITX - Monthly Information Technology Hardware Auctions (Laptops, Servers, Drives)

Bitcoin Accepted at The ITX - Monthly Information Technology Hardware Auctions (Laptops, Servers, Drives) submitted by itxAuction to Bitcoin [link] [comments]

PSA: You can use your own full node with your hardware wallet, using Electrum Personal Server /r/Bitcoin

PSA: You can use your own full node with your hardware wallet, using Electrum Personal Server /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

I want to spend my Bitcoin Cash on server hardware, any reputable leads on how to accomplish this?

I want to realize some gains and buy more hardware for my server farm, but I'd like to do it without going through hoops to get cash in my bank. Is there a company or service that accepts BCH for hardware/giftcards directly?
submitted by LightShadow to btc [link] [comments]

Bitcoin Accepted at The ITX - Monthly Information Technology Hardware Auctions (Laptops, Servers, Drives)

Bitcoin Accepted at The ITX - Monthly Information Technology Hardware Auctions (Laptops, Servers, Drives) submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Electrum Personal Server - The best way to connect your hardware wallet to your full node /r/Bitcoin

Electrum Personal Server - The best way to connect your hardware wallet to your full node /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Probably TREZOR hardware wallet is safe, but what about their server(s) ;) /r/Bitcoin

Probably TREZOR hardware wallet is safe, but what about their server(s) ;) /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] Probably TREZOR hardware wallet is safe, but what about their server(s) ;)

The following post by HPdl160 is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7kf8gy
The original post's content was as follows:
Just today discovered this :)
"Just a reminder for you TREZOR devs, your server exposing itself :D
Does this path something telling you ?
"/mnt/" "/mnt/data/" "/mnt/data/ssd/" "/mnt/data/ssd/satoshilabs/"
I will let you fix it, hope you will be quick to find it where it leaks ;)"
https://np.reddit.com/TREZOcomments/7kd194/trezor_devs_can_you_please_check_this_you_are/
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

12-17 19:12 - 'Probably TREZOR hardware wallet is safe, but what about their server(s) ;)' (self.Bitcoin) by /u/HPdl160 removed from /r/Bitcoin within 61-71min

'''
Just today discovered this :)
"Just a reminder for you TREZOR devs, your server exposing itself :D
Does this path something telling you ?
"/mnt/" "/mnt/data/" "/mnt/data/ssd/" "/mnt/data/ssd/satoshilabs/"
I will let you fix it, hope you will be quick to find it where it leaks ;)"
[link]1
'''
Probably TREZOR hardware wallet is safe, but what about their server(s) ;)
Go1dfish undelete link
unreddit undelete link
Author: HPdl160
1: https://np.reddit.com/TREZOcomments/7kd194/trezor_devs_can_you_please_check_this_you_are/
submitted by removalbot to removalbot [link] [comments]

I want to spend my Bitcoin Cash on server hardware, any reputable leads on how to accomplish this? /r/btc

I want to spend my Bitcoin Cash on server hardware, any reputable leads on how to accomplish this? /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Very First Discussion of Bitcoin by Satoshi: BTC can Scale with specialists with server farms of specialized hardware. /r/btc

Very First Discussion of Bitcoin by Satoshi: BTC can Scale with specialists with server farms of specialized hardware. /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: CCP stop mining bitcoins with the server hardware /r/Eve

Bitcoin mentioned around Reddit: CCP stop mining bitcoins with the server hardware /Eve submitted by BitcoinAllBot to BitcoinAll [link] [comments]

03-03 21:42 - 'I think AWS has dedicated servers now. If that counts as extra security? You're still not providing your own hardware, doing the OS install, etc... / Has anyone successfully used them for a secure service? Maybe. What is secu...' by /u/sweifg2 removed from /r/Bitcoin within 209-214min

'''
I think AWS has dedicated servers now. If that counts as extra security? You're still not providing your own hardware, doing the OS install, etc...
Has anyone successfully used them for a secure service? Maybe. What is secure today isn't tomorrow. (eg, CloudFlare) And even once it's compromised a good hacker isn't going to give up their presence until they walk away with all your coins. (eg, Bitfinex)
AWS has had plenty of security issues in the past. We periodically had VM transitions forced on us because emergency hypervisor patches needed to be done.
I ran a game 2010 - 2015 that averaged 2.5M users a day. We started on AWS, it was great for the first few years of growth, but it was a free to play game and we weren't storing any sensitive data. Once player counts were stable it was cheaper to plan for 2x our highest ever concurrent players and deploy our own hardware. The problem is that mid-day everyone at AWS is at peak load, so you're competing with everyone else for resources on the same hardware, which forces you to deploy more VM's than you would if you were just getting what you paid for. This effect clearly showed up in our monitoring as "CPU Steal", which is CPU cycles we were supposed to get, but were actually going to other VM's because the host server was oversold. Sometimes the CPU steal was as high as 25%! Which meant just to adjust for peak time we'd have to deploy 20% more servers just to counter the AWS oversell. Couple that with our own peak traffic increases and it wasn't uncommon for us to have to deploy 2x the servers at peak times.
Oh... and almost forgot. A couple times their API went down at non-peak times. So say it's midnight, we're at low load, maybe running with 20% of our average daytime server count. Then 1 am their API goes offline. It doesn't come back until 11 am. During which time we could not deploy any new instances. ... that was really bad. Second time it happened we were forced to set a minimum server count high enough to serve an average peak time. There goes any cost benefits to dynamic scaling. That was what prompted us to do the math on a colo. ;)
The cloud stuff is great for certain things. Not so great for others. Financial and healthcare services... it's just not worth the risk.
Sorry, that ended up being a lot longer than I intended!
'''
Context Link
Go1dfish undelete link
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Author: sweifg2
submitted by removalbot to removalbot [link] [comments]

Can you store/use bitcoin safely without a hardware wallet?

There is something about hardware wallets. I don't trust them at all and I don't think they are useful, especially if you need to pass through airport security.

Is there a way to come up with a setup so that you can use bitcoin safely for storing and also paying online for different things?

Why do people push the hardware wallet narrative so much? Is there REALLY no other good way?
submitted by abcdefgcode to Bitcoin [link] [comments]

[USA-FL] [H] 2 x HP Proliant DL380 Server's (with 2 yr warranty OEM warranty transferrable), TS44 PRO Telephone Test Set, Westinghouse 42" LCD TV [W] Paypal, Bitcoin, Hardware swap offers

For warning, I am reposting this ad from about a month ago. All of these items must go. Dont like the price? Make an offer
HAVE:
Fluke Networks 50801009 TS44 PRO Telephone Test Set | $60 obo retails for 300.
Detects dial tone and polarity, places and receives calls, indicates line voltage and current, and has a 2-way speakerphone for hands-free conversation during testing of telephone lines DataSafe operation with superior high-impedance monitor Advanced testing functions for low/high voltage and low (mA) current Ergonomic DropSafe case (20-foot) Includes Data Lockout, Lockout Override and DSL/POTS filtering
more info available here timestamp for the mods here
HP Proliant DL380 | $120 OBO AND I PAY SHIPPING | 799 originally. is like new. Comes with all 6 drives, ram, fans, both power supplies, and both processors. A link to more information on this rig can be found here although mine is much more upgraded. If you have any questions regarding my specific one, feel free to ask. I don't know servers well but had this brand new one from a past business. it should also be noted this comes with a two year transferrable warranty from company we bought it from, which I will happily transfer
the server specs are as follow.... 6 x 76 GB HDD all of which are 15000rpm "ultra a320" estimated value is 10-15.99 each 4 x 1gb ram , 400, cl3, ecc, reg 2 x 3.4 GHX Intel Xeon cpu's
Pics of server for mods here
Fitbit Flex Fitness Wristband $40 obo is LBNIB, has both bands, the dongle, the usb piece for pc as well as the charging cradle. Bands are both blue Westing House 42" LCD TV | $200 OBO + shipping or local pick up This is a awesome TV set, was $1,000 just a bit ago. This I would obviously prefer to have be a local or meet in the middle type pick up ( I live in the Tampa / St. Petersburg area of Florida ) but let me know regardless, maybe we can work something out. stats of the original tv can be found here
pics of tv for the mods here
Want
Raspberry Pi Pref the 2.0 or model B
CPU Cooler Anything AM3 Compatible. Prefer something like the Coolmaster evo / hyper evo line
2TB HDD Need a reliable and preferably fast 2 TB drive. Prefer WD.
Mouse: A Razer deathadder would be preferred but something comparable would be welcomed
Keyboard: Something mechanical, like the razer chroma
Webcam: prefer a logitech, c920 would be acceptable, i need it for streaming
Microphone: Yeti Blue or equivalent. also used for streaming
submitted by io-error to hardwareswap [link] [comments]

This is it! Bull run is here....

Huge waves have been this month in the bitcoin market.
Companies such as Greyscale, Square, Coinshares, and more purchased almost 7 billion worth of bitcoin.
Paypal started supporting Bitcoin and other cryptocurrencies.
If this isn't enough to convince you to about bitcoins legitimacy then I am not sure what is.
This is the time to get into Bitcoin!
Want to store bitcoin? Try...
Hardware: Ledger, Trezor,
Desktop: Electrum, Exodus
Mobile: MyCelium
Want to buy bitcoin? Try...
Exchanges: Coinbase, Kraken, Binance, Bitstamp, Bitpanda, WazirX
P2P: LocalBitcoins, Paxful
Bitcoin ATM
Want to accept bitcoin payments on your website? Try...
CoinPayments, Blockonomics, Coingate, BTCPay Server
Want to create bitcoin invoices? Try...
Blockonomics, Crypto Invoice

Some safety measures to take care of when dealing with bitcoin.
submitted by primalfabric to Bitcoin [link] [comments]

Received .00001 bitcoin out of nowhere into my hardware wallet, I believe is called "spraying"?? How is this method used? Does it compromise security and is there anything I can do about it? Thanks in advanced!

Received .00001 bitcoin out of nowhere into my hardware wallet, I believe is called submitted by AlxndrMd1 to Bitcoin [link] [comments]

[Wanted] Space for my Bitcoin mining hardware / servers

I need space for my cryptocurrency mining hardware. It can be an extra room, a warehouse, a garage, a whole apt, whatever. I don't need much space, 10'x10' would be plenty. I need a lot of power, cooling, and fast internet access (but not a lot of bandwidth).
I need a minimum of three 20A circuits (150A+ total would be much better) and cooling for the equivalent heat. It's like having 10 space heaters.
I'm looking for something under $1000/m. I will pay for the space and electricity. If it's a shared space I'll split the internet access costs and pay for a secondary provider as a backup. A share of the profits is also an option if you're interested in cryptocurrencies / Bitcoin.
submitted by driverdan to AustinClassifieds [link] [comments]

Where to buy server hardware with bitcoin?

Where to buy server hardware with bitcoin? and delivered to EU
For example supermicro servers, I emailed bitspend and no reply
submitted by ebookred to Bitcoin [link] [comments]

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

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Gamer PC für's Mining benutzen. So gehts! 63Mhs - YouTube

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