CryptoCurrency

So, I'm looking to upgrade some old at-home miners, and i saw this flu miner that just came out. It is marketed as highly efficient.

https://fluminer.com/en/product_detail.aspx?cid=390&id=50

It's almost 3 grand for 6 GH/s, but it eats 1700w of power. I have a an avalon q, which eats 1800+ watts at high power and gets 90 TH/s. Isn't that better? I thought it went from kilo -> mega -> giga -> tera. So, what am I missing here? How is the flu more efficient?

The fluminer is marketed as efficient, but if I am getting an order of magnitude less hashes for only 100 w savings, that doesn't seem efficient. I see that it uses the Scrypt algorithm, but does that really make that much of a difference than the SHA-256?

I pool mine with the unmineable pool, so it would seem more hashes = more coin.

cross-posted from: https://lemmybefree.net/post/1021813

Wanting to learn a bit more about it and discuss with people to know what they think about it

A Manhattan jury convicted Tornado Cash co-founder Roman Storm on Wednesday of conspiring to operate an unlicensed money-transfer business, though jurors deadlocked on charges of money laundering conspiracy and sanctions violations after three days of deliberation.

Federal prosecutors alleged Storm helped cybercriminals launder more than $1 billion through the cryptocurrency mixing platform, which launched in 2019 as a decentralized protocol designed to obscure transaction origins by pooling and redistributing funds through smart contracts.

Abstract credit: https://slashdot.org/story/445258

U.S. prosecutors and the Commodity Futures Trading Commission (CFTC) have officially closed their investigations into Polymarket, the decentralized, blockchain-powered prediction market platform where users bet with real cryptocurrency on the outcomes of future events.

The DOJ was investigating Polymarket last year, reportedly for allowing U.S. users to place bets on the site despite Polymarket being required to block U.S. traders

The FBI raided Polymarket CEO Shayne Coplan's Manhattan apartment last November, seizing his phone and electronic devices. A source close to the matter told The New York Post it was politically motivated due to Polymarket's successful prediction of Trump's election win. It's "grand political theater at its worst," the source said. "They could have asked his lawyer for any of these things. Instead, they staged a so-called raid so they can leak it to the media and use it for obvious political reasons."

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Abstract credit: https://slashdot.org/story/25/07/15/206217/us-prosecutors-close-probe-into-polymarket-betting-website

Recently my goto crypto market/broker started promoting TRUMP and it's got me cringing so much that I want to move all my BTC permanently off the platform, but I also don't really dig the idea of local storage since it would be good to have in an emergency if I ever found myself stranded overseas.

I also don't want to liquidate my BTC because idk what currency would be good atm but definitely not USD for obvious reasons.

I've seen that TrustWallet is highly rated, but they're no better since Binance is slurping that fascist mayonnaise hardcore.

I'd love to hear your thoughts and suggestions, please leave me a comment.

Inspired by patronage from classical music. But modernized for blockchain.

Every piece has unique owner: Patron. It's not only just a tittle. It has utility: Patron Slot. Owners are listed in streaming platforms that allow descriptions. Visibility depends on safety and what kind of content creation artist want promote. Tier-based system. It's good idea to create text-wall, where you post how your Patron Slots will look like for specific kinds of personalities. Content creators should have some integrity before promoting people or stuff.

Ideas are important, but my main focus is on products itself. I'm into creating protocols for content tokenization.

One is already published: Cross-collectional Tokens.

Why this is needed?

Release of album have very small supply, but it shares belonging with bigger collection. When you publish album, track belong to discography too. Patrons stay the same. From economic standpoint: very high scarcity (in my first album just 5 tokens max), but symbolic capital is not dissolved.

It gives tokens sustainability. No matter how many albums will be released, there always will be one collection that everybody come back. I have big plans for this core. Customizable by owners (by selection). Expressive identity (some on-chain ENS integrations... but everything could be possible thanks to extendable nature of CustomizableToken I am working on). There will be also commercially correct renting system. So somebody else could become Patron for some time, but owner will stay the same.

You could deploy everything with basescan. I wrote some explanation, but for now its more dev focused. When I release main collection, I will publish also easy to use creators. Open-source, free, zero fees. Just increasing my own symbolic capital as developer to give my collections more value ;)

I'm super excited to announce that cyphergoat.com is now live!

What is CypherGoat?

It is a crypto swap aggregator it automatically finds the best exchange rates from our partnered exchanges at no extra cost. You can then perform the swap on that exchange, without ever leaving our website! We currently support 12+ exchanges.

You can read a detailed announcement post on my blog

Why it stands out:

We will be the first open source crypto exchange aggregator on the market.

We offer an extremely easy to use interface for both advances and new users. CypherGoat is extremely fast since all estimates are provided in less than 5 seconds (unlike other aggregators)

We offer an open source privacy friendly cli, so that you can perform swaps without even using a web browser, GitHub repo: https://github.com/CypherGoat/cli

Giveaway:

We are giving away 50$ worth of XMR (or any crypto supported by CypherGoat) on twitter. Join the giveaway here

Head over to cyphergoat.com to see the magic for yourself ; )

cross-posted from: https://realbitcoin.cash/post/8564

The digital revolution hasn't just brought transformative innovations; it has also presented significant challenges to the cryptocurrency world. With Google's recent launch of the Willow quantum chip, a crucial question emerges: what is the true impact of quantum computing on the security of Bitcoin and other cryptocurrencies? This concern has mobilized experts and developers in search of solutions to ensure the continuity and security of the crypto ecosystem.

cross-posted from: https://lemmy.ml/post/24975827

Do you think a corporation would do anything to get an extra 1% return on their next quarterly report? Would they do things that hurt them in the long-term just so this quarter looked good? Make their products worse for a quick buck? Fuck over their long-term employees they spent years training? Skimp on quality and safety? Yes. They absolutely would. Corporations pay 3-5% on credit card fees and wait weeks for settlement. Lightning is <1% and it's instant. It's that simple. That's why Bitcoin lightning is going to win in the long run.

It's the same reason the food cart down the street takes venmo: because, at one time, venmo was free, which made it cheaper than credit cards. It's not free now though, because it couldn't be sustainably free, because nothing is free, and because venmo has every incentive to suck every dollar of profit out of those transactions it can. They have a captive audience. Lightning doesn't work that way. Liquidity providers, nodes, etc they all have to compete for your payment, so over time, fees get lower, not higher. Venmo isn't growing in adoption any more among merchants, lightning is.

The savings on fees is so significant that merchants can offer a discount to customers equivalent to the customer's normal credit card cash back and the merchant can still save money compared to credit cards. Last time Bitcoin got real hyped and lots of merchant adoption, fees and transaction confirmation times became a limiting factor. That factor is gone now. Cash App, in the US, has 25% market penetration. That's a lightning wallet. When customers realize they can get a 3% discount everywhere just by using it? Game over for credit cards.

If you haven't tried lightning, it's awesome. Instant confirmation, fees <1%, and very decentralized. There were some growing pains, but it's pretty robust now, I use it on a daily basis. It's where the majority of Bitcoin transactions occur, and nostr users alone are using it to send millions of transactions a month.

cross-posted from: https://realbitcoin.cash/post/208

Continuing the series, here’s my yearly recap article of everything important that happened in Bitcoin Cash over the last year.

cross-posted from: https://programming.dev/post/22952335

Hi Lemmy,

I'm Martin and have been working on a free and open-source, fully DIY crypto hardware wallet for a couple of months now. I' ve just published the first functional preview of the firmware, which can be built by anyone easily using Arduino IDE, and flashed to a variety of $5-off-the-shelve ESP32 boards from Aliexpress.

The first release will allow for storing up to 30 encrypted seed phrases, and Ethereum signing via Bluetooth Low Energy. Under the hood, it's powered by the cryptographic libraries written and used by Trezor.io.

Support for more interfaces and chains can be added fairly easily due to a modular structure, and there is a whole roadmap planned to extend functionality (starting with support for displays).

If you're interested to learn more, check out the README in the Colibri repository.

Please let me know what you think, and leave a 🌟 on Github if you like the project.

Also if there's anything that you've always missed in or been annoyed by a hardware wallet, your input would be greatly appreciated!

"Earlier that evening, at 7:48 pm PT, Biesk’s son had released into the wild 1 billion units of a new crypto coin, which he named Gen Z Quant."

Utah’s attorney general is joining a coalition of 17 other states pushing back on the federal government’s attempt to regulate cryptocurrencies, arguing that authority should instead be left to states.