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Showing 20 of 136 results by benjaminoo
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Board Mining (Altcoins)
Re: Chia Coin Mining become unprofitable - the coin has fallen in price by 3 times
by
benjaminoo
on 09/07/2021, 04:53:06 UTC
The new beta version is finally ready. You can download chia-plotter for windows v0.1.2 from here:


https://github.com/chia-plotter/chia/releases/download/v0.1.2/madMAx43v3r_chia-plotter_win_v0.1.2.zip

  • NFT plot support
  • increased work speed
  • New params:
         -c, --contract arg Pool Contract Address (64 chars)
  • Bug fixes
Post
Topic
Board Mining (Altcoins)
Re: The Mobile Mining Experience
by
benjaminoo
on 29/05/2018, 20:34:03 UTC
An obvious shill post which was probably paid for by the Electroneum team.

They should really stop making their DEAD coin happen. Electroneum failed already multiple times and they couldn't even relaunch their coin without encountering problems. Now they are just wasting the ICO investors money (whom they screwed over during launch) and paying newbies to post on their behalf.

Please stop making allegations like this if you don't have any evidence.

For the record, I wrote the original article on electroneum101.com and I've not been paid by the Electroneum team as far as I know.
Post
Topic
Board Mining (Altcoins)
Re: The Mobile Mining Experience
by
benjaminoo
on 08/05/2018, 12:13:54 UTC

While mining for Electroneum, your phone won’t be performing real mining (as is done with a computer), but rather a simulation of mining.

The Electroneum team has described their mobile app as a Mobile Mining Experience.

Instead of actually using your phone’s CPU to solve complicated cryptographic problems (as is done with real mining), the app will continually monitor the available CPU power on your phone. In this way, it will determine the amount of CPU power that could have been used for mining, had the phone actually been mining.

Your phone will then be issued with a hash rate (speed of mining, if you will) based on its available CPU power, and ETN coins will be credited to your online wallet based on this hash rate.

The mining app has already been developed and is currently in a beta testing phase. The Android app can be downloaded from the Play Store here. The iOS version, however, is still under review by Apple and will in all likelihood only launch after the mobile miner has launched in Q1 of 2018.


At the moment, the app can be used to manage your online Electroneum wallet, send/receive ETN, and view live ETN exchange rates.

As an added benefit, you’ll be able to play a mining game to increase the number of coins you receive. The game will be designed to teach people more about mining and encourage them to set up their own full miners (computer versions) to mine more coins.

How Much Power and Data Will the App Use?

According to Electroneum’s CEO, Richard Ells, the app will not use a lot of power since the app does not perform real mining – only a simulation of mining. Therefore, phones will not heat up, use a lot of battery power, or become worn out due to mining activities.

I’ve been running the beta version of the miner on my Galaxy S8 for a few days now, and have seen virtually no difference in my phone’s battery performance. The screenshot below shows the following statistics:

  • The miner has used 10% of battery power since last being charged.
    The miner has used 107MB of RAM memory in the last 3 hours, less than 4% of the available RAM.

https://electroneum101.com/wp-content/uploads/2017/10/electroneum-mobile-miner-performance-statistics.png[/img]]

Data Usage

The app will also not use a lot of data, according to Richard Ells. Data will be required to communicate with the server for account balances, sending coins, etc., but these will be kept to a minimum.

Richard mentioned that the data usage will be low enough to enable mining by users in third-world countries with high data costs.

In roughly 30 days, the app on my phone has used 4.66MB of data, most of which was used to send Electroneum and check live prices.

How Much Can I Expect to Mine?

The Electroneum app will mine based on the CPU capacity of your phone – although it won’t actually use any CPU power to perform mining. The team has developed an algorithm that assigns your phone a mining rate based on the available CPU power.

The app will continually read the available CPU power on the phone and adjust the mining rate accordingly. Therefore, playing a CPU-intensive game will consume more CPU capacity on your device, resulting in less CPU power being available, and therefore the app will assign a lower mining rate to your phone.

It will, therefore, be best to terminate any unnecessary apps that may run in the background.

Emission Algorithm

The actual amount of coins will be calculated via an emission algorithm on Electroneum’s servers and will depend on several factors, such as:

the amount of Electroneum transactions being performed worldwide
the number of active miners worldwide
the current exchange rate of Electroneum

The pool of coins reserved for mobile mining will be independent of those coins reserved for computer mining. Therefore, any change in the computer mining difficulty won’t translate to the mobile mining pool, and vice versa.

The Electroneum whitepaper mentioned that any coins left over from the Initial Coin Offering (about 2 billion) will be used to supplement the coins that can be mined by mobile users.

According to this post on the Electroneum blog, Richard Ells mentioned that a high-end cellphone such as a Samsung Galaxy S8 would be able to mine about 70 coins per day initially, according to their calculations at that time. However, given the number of users that have already signed up for Electroneum since that time, the number is expected to drop.

The team will adjust the mining rate to be in the best interest of rapid user growth.

Mining Electroneum With a Computer

Computers are the real workhorses behind the Electroneum blockchain and, therefore, mine coins faster than mobile phones.

Richard Ells mentioned that the mobile mining app will encourage users to install a full miner node on their computers to join along with the rest of the network.


The team has released simple mining software for Windows, Mac, and Linux, which can be downloaded from their website. These software packages are very easy to use and have graphical interfaces instead of the usual command prompt interfaces of conventional miners. Users that run this software need very little technical knowledge about the blockchain in order to mine.

So, while waiting for the Electroneum app mining experience to launch, you can mine coins using your computer or buy ETN coins at an exchange.

This post was copied from electroneum101.com.

Plagiarism is not nice, you know...
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Topic
Board Bounties (Altcoins)
Re: [BOUNTY][ICO]Ice Rock Mining - Lifetime Profit
by
benjaminoo
on 21/02/2018, 11:27:00 UTC
I fixed the Personal Text on my profile to reflect "Ice Rock Mining - Lifetime Profit". Please update the signature spreadsheet.
Post
Topic
Board Bounties (Altcoins)
Re: [BOUNTY][ICO]Ice Rock Mining - Lifetime Profit
by
benjaminoo
on 20/02/2018, 14:03:06 UTC
Those who want to take part in bug campaign, need to fill this form - https://goo.gl/bYWv3E

What is this campaign all about? Is it for bugs on your website? What do we need to do?
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Topic
Board Bounties (Altcoins)
Re: [BOUNTY][ICO]Ice Rock Mining - Lifetime Profit
by
benjaminoo
on 20/02/2018, 13:36:14 UTC
I've joined your subscription campaign. Thanks for the opportunity!
Post
Topic
Board Bounties (Altcoins)
Re: «Envion» Highest ROI crypto infrastructure | $2M Bounty available!
by
benjaminoo
on 02/02/2018, 06:52:08 UTC
Dear bounty manager,

I've been commissioned by the previous bounty manager on duty (artbtc) to create Afrikaans translations for the Envion Announcement thread as well the Envion bounty thread. You'll be able to see my successful listing in the translation spreadsheet under the name benjaminoo.

I published the threads at the following addresses:

Announcement thread: https://bitcointalk.org/index.php?topic=2422452
Bounty thread: https://bitcointalk.org/index.php?topic=2421188

Both these threads were posted on 18 November 2017 and were active for the entire ICO period. Artbtc approved the translations and marked my listing as complete.

However, the Announcement thread has since been closed by Bitcointalk moderators for no apparent reason, despite having decent traffic and several replies. The bounty thread, as you'll see when clicking on the link above, is still in place and active.

What procedure can I follow to rectify this situation? Should I be worried that the Envion bounty audit might pick up on the deleted thread and disqualify me from the translation bounty?
Post
Topic
Board Bounties (Altcoins)
Re: «Envion» Highest ROI crypto infrastructure | $2M Bounty available!
by
benjaminoo
on 18/01/2018, 18:50:02 UTC
Will we need to perform KYC as well to receive coins?
Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure
by
benjaminoo
on 19/12/2017, 13:07:04 UTC
I understand it right, the mmus will be produced first after the Ico is done? Why don’t start now, maybe make a hundred each time?

Agreed. They can start so long with the money they already have, and thus they will have a few MMUs up and running by the time the ICO ends.

But I guess it is difficult as to who gets the funds raised then. When is the cutoff date to make sure you get the rewards of the MMU they build now? Surely those rewards must go the first couple of investors and not the later ones. This just complicates things, and I think that is why they are holding off until after the ICO.
Post
Topic
Board Altcoin Discussion
Re: problem with bitcoin cash in blockchain
by
benjaminoo
on 19/12/2017, 12:43:26 UTC
Could it be that the amount of BCC you are trying to exchange it too little?

Are you doing this in Blockchain.info?

You are still a Newbie, which is probably why your screenshot is not showing. But paste the link to your image anyway. Or upload it to Google Drive and get a shareable link.
Post
Topic
Board Altcoin Discussion
Re: Altcoins that will make you RICH in 2018!
by
benjaminoo
on 19/12/2017, 12:40:12 UTC
A few tips:

1. You have the best chance of succeeding when you diversify.
2. Find a coin that has a specific utility (i.e. there must be some functionality behind it). If the Bitcoin bubble does perhaps pop in 2018, these coins with real functionality will be the last ones standing.

I recommend the following for 2018:

- BTC (not more than 40% your portfolio)
- ETH (invest as much as you can)
- ETN (invest as much as you can)
- LTC (the race is on between Litecoin and Bitcoin Cash to see which one will be the true transactional coin)
- BCC
- IOTA
Post
Topic
Board Speculation (Altcoins)
Re: Ethereum is future?
by
benjaminoo
on 19/12/2017, 12:08:39 UTC
Ethereum is to blockchain what Microsoft Windows is to the tech industry.

It is definitely here to stay, but it won't replace Bitcoin. It has a different functionality.

I'm currently viewing Ethereum as a safer investment than Bitcoin. Ethereum has a leg to stand on because there are thousands of other tokens built on top of its blockchain platform. But the value of Bitcoin is based solely on trust in the system. If people start to lose trust in Bitcoin's real intrinsic value, the price will drop. But Ethereum has a greater intrinsic value due to its functionality.
Post
Topic
Board Altcoin Discussion
100 ICOs described in 4 words or less
by
benjaminoo
on 19/12/2017, 12:02:59 UTC
I found this fantastic article by TechCrunch in which they tried to summarize 100 cryptocurrencies in 4 words each. Very concise and to the point. This is an invaluable tool for newbies because one can quickly see what a particular coin is about, and decide if you want to pursue it further.

https://techcrunch.com/2017/11/19/100-cryptocurrencies-described-in-4-words-or-less/

Please post some more 4-word summaries of your favorite ICOs below...
Post
Topic
Board Altcoin Discussion
Re: Best ICO of 2017?
by
benjaminoo
on 19/12/2017, 11:58:10 UTC
I am gonna have to say Cardano is the best in my opinion. It's in Top 6 now.

That was a really good call. Wish I had gotten into that one sooner.

Side note: Can everyone please give a small explanation or description of each ICO that you recommend? It helps to get sort of an overview of what is what, instead of just reading names. Particularly helpful for a noob.
Post
Topic
Board Altcoin Discussion
Re: Is Electroneum a SCAM???
by
benjaminoo
on 19/12/2017, 11:45:03 UTC
Here's a new interview with the CEO, Richard Ells. It was published a couple of hours ago...

https://youtu.be/wdYeTbNvOBU

Watch it, and tell me if you still think it's a scam.

- Over 700 million coins have been transferred out of the online ICO wallets.
- Big partnerships with airtime companies.

I for one was able to sell some of my ICO coins on Cryptopia (though I bought it back at a cheaper price), so I know this is definitely not a scam.

Well, I think it's time to stop this thread Smiley ETN is far from a scam, like we all noticed by now. Just buy ETN Smiley

Agreed. We can stop posting now...
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Topic
Board Altcoin Discussion
Re: The reason why litecoin is growing
by
benjaminoo
on 19/12/2017, 11:40:32 UTC
Here's an article I came across yesterday that speculates why Litecoin might reach $1500 in 2018.

http://www.ibtimes.com/why-litecoins-price-will-hit-1500-end-2018-2629714

I totally agree with it. Bitcoin is like gold that you store away to sell for a profit one day. You don't transact with gold at the supermarket. But Litecoin is much faster and cheaper than Bitcoin and therefore a more day-to-day currency. I can totally see it gaining more traction as day-to-day cryptocurrency spending becomes mainstream. Many people use it already to send funds between exchanges. MUCH cheaper and faster than Bitcoin.

With that said, it has a few competitors like Bitcoin Cash. It's going to be a race to see which one wins.
Post
Topic
Board Altcoin Discussion
Re: Short-term profit altcoin!
by
benjaminoo
on 19/12/2017, 10:55:18 UTC
This is like trying to predict the future - anybody's guess can work!

The risk associated with cryptocurrency, in general, is too high to be certain of a short-term profit. You need to be in it for at least 2 or 3 months. Sure you might get lucky with a good coin, but you also might get burned with a bad decision and suffer a short-term LOSS.

Broaden your investment horizon.
Post
Topic
Board Speculation (Altcoins)
Re: 7000$ to invest for 2018
by
benjaminoo
on 19/12/2017, 09:57:49 UTC
I recommend keeping 40% in Bitcoin. If the price comes down, at least you have some money elsewhere. And a drop in Bitcoin price will mean a rise in the price of altcoins.

Then hold about 40% in some of the top 10 coins. Ones I recommend are:

Ethereum (Ethereum is to blockchain what Microsoft is to the tech industry)
Litecoin (fast transactions, this will be required for crypto spending to become mainstream - e.g. at the grocery store)
Bitcoin Cash (same as Litecoin above)
IOTA (transactions between elements on the Internet of Things, which is set to grow exponentially in the coming years as more gadgets come to market)

Then invest the other 20% in ICOs. Very risky but potentially very high rewards. My picks are:

Electroneum (viral mobile mining app built for the masses - the ICO has finished but you can still get it for around $0.08/ETN)
Envion (BTC/ETH mining rigs placed directly at sources of cheap energy)

That's it... $7000 spent!
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Topic
Board Altcoin Discussion
Re: Best ICO of 2017?
by
benjaminoo
on 19/12/2017, 09:49:46 UTC
I have high hopes and confidence in Universa and in the CEO Alexander Borodich.
Universa introduces a new generation unique blockchain technology.
Universa is fast blockchain protocol with a low transaction cost.
Just read a whitepaper https://universa.io/files/whitepaper.pdf?v=1.1

I don't have much hope for Universa. Very big ICO and a great team. But they are basically allowing mining only at approved institutions. Doesn't that undermine the very culture and spirit of blockchain - decentralization? Who's to say they don't have a finger in the pie with those institutions. How are they different from a bank that has centralized transaction approvals?
Post
Topic
Board Altcoin Discussion
Re: Best ICO of 2017?
by
benjaminoo
on 19/12/2017, 09:45:25 UTC
Best ICO of 2017 was Electroneum, hands down. It seems like dumpers have already dumped most of their coins and the price is steady at more than 8 times the ICO price. And their flagship mobile mining experience has not even been released yet (will be released early next year, so get in while you can).

The second best (though the ICO is running over into 2018) is Envion - mobile mining rigs placed directly at cheap energy sources.