Download - Bitcoin

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]

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]

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]

[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]

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]

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]

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]

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
unreddit undelete link
Author: sweifg2
submitted by removalbot to removalbot [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]

[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]

Proposal: The Sia Foundation

Vision Statement

A common sentiment is brewing online; a shared desire for the internet that might have been. After decades of corporate encroachment, you don't need to be a power user to realize that something has gone very wrong.
In the early days of the internet, the future was bright. In that future, when you sent an instant message, it traveled directly to the recipient. When you needed to pay a friend, you announced a transfer of value to their public key. When an app was missing a feature you wanted, you opened up the source code and implemented it. When you took a picture on your phone, it was immediately encrypted and backed up to storage that you controlled. In that future, people would laugh at the idea of having to authenticate themselves to some corporation before doing these things.
What did we get instead? Rather than a network of human-sized communities, we have a handful of enormous commons, each controlled by a faceless corporate entity. Hey user, want to send a message? You can, but we'll store a copy of it indefinitely, unencrypted, for our preference-learning algorithms to pore over; how else could we slap targeted ads on every piece of content you see? Want to pay a friend? You can—in our Monopoly money. Want a new feature? Submit a request to our Support Center and we'll totally maybe think about it. Want to backup a photo? You can—inside our walled garden, which only we (and the NSA, of course) can access. Just be careful what you share, because merely locking you out of your account and deleting all your data is far from the worst thing we could do.
You rationalize this: "MEGACORP would never do such a thing; it would be bad for business." But we all know, at some level, that this state of affairs, this inversion of power, is not merely "unfortunate" or "suboptimal" – No. It is degrading. Even if MEGACORP were purely benevolent, it is degrading that we must ask its permission to talk to our friends; that we must rely on it to safeguard our treasured memories; that our digital lives are completely beholden to those who seek only to extract value from us.
At the root of this issue is the centralization of data. MEGACORP can surveil you—because your emails and video chats flow through their servers. And MEGACORP can control you—because they hold your data hostage. But centralization is a solution to a technical problem: How can we make the user's data accessible from anywhere in the world, on any device? For a long time, no alternative solution to this problem was forthcoming.
Today, thanks to a confluence of established techniques and recent innovations, we have solved the accessibility problem without resorting to centralization. Hashing, encryption, and erasure encoding got us most of the way, but one barrier remained: incentives. How do you incentivize an anonymous stranger to store your data? Earlier protocols like BitTorrent worked around this limitation by relying on altruism, tit-for-tat requirements, or "points" – in other words, nothing you could pay your electric bill with. Finally, in 2009, a solution appeared: Bitcoin. Not long after, Sia was born.
Cryptography has unleashed the latent power of the internet by enabling interactions between mutually-distrustful parties. Sia harnesses this power to turn the cloud storage market into a proper marketplace, where buyers and sellers can transact directly, with no intermediaries, anywhere in the world. No more silos or walled gardens: your data is encrypted, so it can't be spied on, and it's stored on many servers, so no single entity can hold it hostage. Thanks to projects like Sia, the internet is being re-decentralized.
Sia began its life as a startup, which means it has always been subjected to two competing forces: the ideals of its founders, and the profit motive inherent to all businesses. Its founders have taken great pains to never compromise on the former, but this often threatened the company's financial viability. With the establishment of the Sia Foundation, this tension is resolved. The Foundation, freed of the obligation to generate profit, is a pure embodiment of the ideals from which Sia originally sprung.
The goals and responsibilities of the Foundation are numerous: to maintain core Sia protocols and consensus code; to support developers building on top of Sia and its protocols; to promote Sia and facilitate partnerships in other spheres and communities; to ensure that users can easily acquire and safely store siacoins; to develop network scalability solutions; to implement hardforks and lead the community through them; and much more. In a broader sense, its mission is to commoditize data storage, making it cheap, ubiquitous, and accessible to all, without compromising privacy or performance.
Sia is a perfect example of how we can achieve better living through cryptography. We now begin a new chapter in Sia's history. May our stewardship lead it into a bright future.
 

Overview

Today, we are proposing the creation of the Sia Foundation: a new non-profit entity that builds and supports distributed cloud storage infrastructure, with a specific focus on the Sia storage platform. What follows is an informal overview of the Sia Foundation, covering two major topics: how the Foundation will be funded, and what its funds will be used for.

Organizational Structure

The Sia Foundation will be structured as a non-profit entity incorporated in the United States, likely a 501(c)(3) organization or similar. The actions of the Foundation will be constrained by its charter, which formalizes the specific obligations and overall mission outlined in this document. The charter will be updated on an annual basis to reflect the current goals of the Sia community.
The organization will be operated by a board of directors, initially comprising Luke Champine as President and Eddie Wang as Chairman. Luke Champine will be leaving his position at Nebulous to work at the Foundation full-time, and will seek to divest his shares of Nebulous stock along with other potential conflicts of interest. Neither Luke nor Eddie personally own any siafunds or significant quantities of siacoin.

Funding

The primary source of funding for the Foundation will come from a new block subsidy. Following a hardfork, 30 KS per block will be allocated to the "Foundation Fund," continuing in perpetuity. The existing 30 KS per block miner reward is not affected. Additionally, one year's worth of block subsidies (approximately 1.57 GS) will be allocated to the Fund immediately upon activation of the hardfork.
As detailed below, the Foundation will provably burn any coins that it cannot meaningfully spend. As such, the 30 KS subsidy should be viewed as a maximum. This allows the Foundation to grow alongside Sia without requiring additional hardforks.
The Foundation will not be funded to any degree by the possession or sale of siafunds. Siafunds were originally introduced as a means of incentivizing growth, and we still believe in their effectiveness: a siafund holder wants to increase the amount of storage on Sia as much as possible. While the Foundation obviously wants Sia to succeed, its driving force should be its charter. Deriving significant revenue from siafunds would jeopardize the Foundation's impartiality and focus. Ultimately, we want the Foundation to act in the best interests of Sia, not in growing its own budget.

Responsibilities

The Foundation inherits a great number of responsibilities from Nebulous. Each quarter, the Foundation will publish the progress it has made over the past quarter, and list the responsibilities it intends to prioritize over the coming quarter. This will be accompanied by a financial report, detailing each area of expenditure over the past quarter, and forecasting expenditures for the coming quarter. Below, we summarize some of the myriad responsibilities towards which the Foundation is expected to allocate its resources.

Maintain and enhance core Sia software

Arguably, this is the most important responsibility of the Foundation. At the heart of Sia is its consensus algorithm: regardless of other differences, all Sia software must agree upon the content and rules of the blockchain. It is therefore crucial that the algorithm be stewarded by an entity that is accountable to the community, transparent in its decision-making, and has no profit motive or other conflicts of interest.
Accordingly, Sia’s consensus functionality will no longer be directly maintained by Nebulous. Instead, the Foundation will release and maintain an implementation of a "minimal Sia full node," comprising the Sia consensus algorithm and P2P networking code. The source code will be available in a public repository, and signed binaries will be published for each release.
Other parties may use this code to provide alternative full node software. For example, Nebulous may extend the minimal full node with wallet, renter, and host functionality. The source code of any such implementation may be submitted to the Foundation for review. If the code passes review, the Foundation will provide "endorsement signatures" for the commit hash used and for binaries compiled internally by the Foundation. Specifically, these signatures assert that the Foundation believes the software contains no consensus-breaking changes or other modifications to imported Foundation code. Endorsement signatures and Foundation-compiled binaries may be displayed and distributed by the receiving party, along with an appropriate disclaimer.
A minimal full node is not terribly useful on its own; the wallet, renter, host, and other extensions are what make Sia a proper developer platform. Currently, the only implementations of these extensions are maintained by Nebulous. The Foundation will contract Nebulous to ensure that these extensions continue to receive updates and enhancements. Later on, the Foundation intends to develop its own implementations of these extensions and others. As with the minimal node software, these extensions will be open source and available in public repositories for use by any Sia node software.
With the consensus code now managed by the Foundation, the task of implementing and orchestrating hardforks becomes its responsibility as well. When the Foundation determines that a hardfork is necessary (whether through internal discussion or via community petition), a formal proposal will be drafted and submitted for public review, during which arguments for and against the proposal may be submitted to a public repository. During this time, the hardfork code will be implemented, either by Foundation employees or by external contributors working closely with the Foundation. Once the implementation is finished, final arguments will be heard. The Foundation board will then vote whether to accept or reject the proposal, and announce their decision along with appropriate justification. Assuming the proposal was accepted, the Foundation will announce the block height at which the hardfork will activate, and will subsequently release source code and signed binaries that incorporate the hardfork code.
Regardless of the Foundation's decision, it is the community that ultimately determines whether a fork is accepted or rejected – nothing can change that. Foundation node software will never automatically update, so all forks must be explicitly adopted by users. Furthermore, the Foundation will provide replay and wipeout protection for its hard forks, protecting other chains from unintended or malicious reorgs. Similarly, the Foundation will ensure that any file contracts formed prior to a fork activation will continue to be honored on both chains until they expire.
Finally, the Foundation also intends to pursue scalability solutions for the Sia blockchain. In particular, work has already begun on an implementation of Utreexo, which will greatly reduce the space requirements of fully-validating nodes (allowing a full node to be run on a smartphone) while increasing throughput and decreasing initial sync time. A hardfork implementing Utreexo will be submitted to the community as per the process detailed above.
As this is the most important responsibility of the Foundation, it will receive a significant portion of the Foundation’s budget, primarily in the form of developer salaries and contracting agreements.

Support community services

We intend to allocate 25% of the Foundation Fund towards the community. This allocation will be held and disbursed in the form of siacoins, and will pay for grants, bounties, hackathons, and other community-driven endeavours.
Any community-run service, such as a Skynet portal, explorer or web wallet, may apply to have its costs covered by the Foundation. Upon approval, the Foundation will reimburse expenses incurred by the service, subject to the exact terms agreed to. The intent of these grants is not to provide a source of income, but rather to make such services "break even" for their operators, so that members of the community can enrich the Sia ecosystem without worrying about the impact on their own finances.

Ensure easy acquisition and storage of siacoins

Most users will acquire their siacoins via an exchange. The Foundation will provide support to Sia-compatible exchanges, and pursue relevant integrations at its discretion, such as Coinbase's new Rosetta standard. The Foundation may also release DEX software that enables trading cryptocurrencies without the need for a third party. (The Foundation itself will never operate as a money transmitter.)
Increasingly, users are storing their cryptocurrency on hardware wallets. The Foundation will maintain the existing Ledger Nano S integration, and pursue further integrations at its discretion.
Of course, all hardware wallets must be paired with software running on a computer or smartphone, so the Foundation will also develop and/or maintain client-side wallet software, including both full-node wallets and "lite" wallets. Community-operated wallet services, i.e. web wallets, may be funded via grants.
Like core software maintenance, this responsibility will be funded in the form of developer salaries and contracting agreements.

Protect the ecosystem

When it comes to cryptocurrency security, patching software vulnerabilities is table stakes; there are significant legal and social threats that we must be mindful of as well. As such, the Foundation will earmark a portion of its fund to defend the community from legal action. The Foundation will also safeguard the network from 51% attacks and other threats to network security by implementing softforks and/or hardforks where necessary.
The Foundation also intends to assist in the development of a new FOSS software license, and to solicit legal memos on various Sia-related matters, such as hosting in the United States and the EU.
In a broader sense, the establishment of the Foundation makes the ecosystem more robust by transferring core development to a more neutral entity. Thanks to its funding structure, the Foundation will be immune to various forms of pressure that for-profit companies are susceptible to.

Drive adoption of Sia

Although the overriding goal of the Foundation is to make Sia the best platform it can be, all that work will be in vain if no one uses the platform. There are a number of ways the Foundation can promote Sia and get it into the hands of potential users and developers.
In-person conferences are understandably far less popular now, but the Foundation can sponsor and/or participate in virtual conferences. (In-person conferences may be held in the future, permitting circumstances.) Similarly, the Foundation will provide prizes for hackathons, which may be organized by community members, Nebulous, or the Foundation itself. Lastly, partnerships with other companies in the cryptocurrency space—or the cloud storage space—are a great way to increase awareness of Sia. To handle these responsibilities, one of the early priorities of the Foundation will be to hire a marketing director.

Fund Management

The Foundation Fund will be controlled by a multisig address. Each member of the Foundation's board will control one of the signing keys, with the signature threshold to be determined once the final composition of the board is known. (This threshold may also be increased or decreased if the number of board members changes.) Additionally, one timelocked signing key will be controlled by David Vorick. This key will act as a “dead man’s switch,” to be used in the event of an emergency that prevents Foundation board members from reaching the signature threshold. The timelock ensures that this key cannot be used unless the Foundation fails to sign a transaction for several months.
On the 1st of each month, the Foundation will use its keys to transfer all siacoins in the Fund to two new addresses. The first address will be controlled by a high-security hot wallet, and will receive approximately one month's worth of Foundation expenditures. The second address, receiving the remaining siacoins, will be a modified version of the source address: specifically, it will increase the timelock on David Vorick's signing key by one month. Any other changes to the set of signing keys, such as the arrival or departure of board members, will be incorporated into this address as well.
The Foundation Fund is allocated in SC, but many of the Foundation's expenditures must be paid in USD or other fiat currency. Accordingly, the Foundation will convert, at its discretion, a portion of its monthly withdrawals to fiat currency. We expect this conversion to be primarily facilitated by private "OTC" sales to accredited investors. The Foundation currently has no plans to speculate in cryptocurrency or other assets.
Finally, it is important that the Foundation adds value to the Sia platform well in excess of the inflation introduced by the block subsidy. For this reason, the Foundation intends to provably burn, on a quarterly basis, any coins that it cannot allocate towards any justifiable expense. In other words, coins will be burned whenever doing so provides greater value to the platform than any other use. Furthermore, the Foundation will cap its SC treasury at 5% of the total supply, and will cap its USD treasury at 4 years’ worth of predicted expenses.
 
Addendum: Hardfork Timeline
We would like to see this proposal finalized and accepted by the community no later than September 30th. A new version of siad, implementing the hardfork, will be released no later than October 15th. The hardfork will activate at block 293220, which is expected to occur around 12pm EST on January 1st, 2021.
 
Addendum: Inflation specifics
The total supply of siacoins as of January 1st, 2021 will be approximately 45.243 GS. The initial subsidy of 1.57 GS thus increases the supply by 3.47%, and the total annual inflation in 2021 will be at most 10.4% (if zero coins are burned). In 2022, total annual inflation will be at most 6.28%, and will steadily decrease in subsequent years.
 

Conclusion

We see the establishment of the Foundation as an important step in the maturation of the Sia project. It provides the ecosystem with a sustainable source of funding that can be exclusively directed towards achieving Sia's ambitious goals. Compared to other projects with far deeper pockets, Sia has always punched above its weight; once we're on equal footing, there's no telling what we'll be able to achieve.
Nevertheless, we do not propose this change lightly, and have taken pains to ensure that the Foundation will act in accordance with the ideals that this community shares. It will operate transparently, keep inflation to a minimum, and respect the user's fundamental role in decentralized systems. We hope that everyone in the community will consider this proposal carefully, and look forward to a productive discussion.
submitted by lukechampine to siacoin [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]

Crowdsourced virtual supercomputer revs up coronavirus research — Anyone with a relatively recent computer can contribute by installing a program which downloads small amount of data for analysis to accelerate research for a coronavirus treatment. Nvidia called on gamers to join the effort as well.

submitted by Molire to worldnews [link] [comments]

Crypto Mining Pool Server Setup Vlog #1 - YouTube Bitcoin Mining 2019 - Should We Mine Bitcoin? - YouTube By Far The BEST Bitcoin Mining Software In 2020 ... A look inside America's largest Bitcoin mining operation ... How to make your own “Hardware Wallet”! (Instead of buying a Ledger Nano S or a Trezor)

To make a profit with Bitcoin, you need to make sure that you have high-quality hardware in place. Without great hardware, it is impossible to get into the Bitcoin field and make money. However, due to the popularity of Bitcoin over the past couple of years, the market has been flooded with Bitcoin mining hardware, […] Bitcoin Core is a community-driven free software project, released under the MIT license. Verify release signatures Download torrent Source code Show version history. Bitcoin Core Release Signing Keys v0.8.6 - 0.9.2.1 v0.9.3 - 0.10.2 v0.11.0+ Or choose your operating system. Windows exe - zip. If you try running a node on weak hardware, it may work—but you’ll likely spend more time dealing with issues. ... go to the Bitcoin Core download page and verify you have made a secure connection to the server. In the “Linux (tgz)” section of the Download page, choose the appropriate file for your Linux install (either 32-bit or 64-bit ... Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs, usually in thermally-regulated data-centers with low-cost electricity. Don’t Get Confused. There is Bitcoin mining hardware, which mines bitcoins. There are also Bitcoin hardware wallets like the Ledger Nano X, which secure bitcoins. Lightninginabox provides hardware devices using that you can run a Lighting or Bitcoin full node. LightningInABox also provides BTCPayServer with its node. BTCPay Server is an open-source solution to accept Bitcoin payments.

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Crypto Mining Pool Server Setup Vlog #1 - YouTube

I have a follow up video coming soon to walk you through migrating my rig to 1400w server PSUs! In this video I walk you through a real general computer data... Start mining Bitcoin today: https://pool.bitcoin.com Video: Inside America’s largest Bitcoin mining operation http://bitshare.cm/news/inside-americas-largest... #bitcoin #bitcoinmining #bitcoinminingsoftware By Far The BEST Bitcoin Mining Software In 2020 (Profitable). This is a review on the most profitable, easy, a... BUY BITCOIN TODAY!! JOIN THE DISCORD SERVER HERE! https://discord.gg/y2rg4dM ... How to Use a Trezor Hardware Wallet - Keeping Your Bitcoin Safe - Duration: 11:17. Crypto Playhouse 12,828 views ... SUBSCRIBE FOR MORE HOW MUCH - http://shorturl.at/arBHL GekkoScience NewPac USB Miner - https://bit.ly/2RIQgdX GekkoScience 8 Port USB Hub - https://bit.ly/2x...

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