Bitcoin mining: a report finds the network mostly runs on ...
Bitcoin mining: a report finds the network mostly runs on ...
Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75% ...
r/Bitcoin - I am mining in the desert using 100% solar and ...
Bitcoin and Cryptocurrency Mining to Go Green with Solar ...
Cryptocurrency Mining Powered By Alternative Energy Sources
What is mining, or more specifically, cryptocurrency mining (crypto mining for short), and why is it important? Most cryptocurrencies, especially the ones based on the idea of the blockchain digital ledger (or just the blockchain in crypto parlance), utilize the process of so-called mining to verify payments and add transactions to the blockchain. There are many forms of mining, but what is common to all of them is intensive power consumption. And to say that crypto mining is power-hungry would be an understatement of the century. by StealthEX
Conventional vs. Alternative Energy Sources
It’s not a secret that most of crypto mining facilities are located in China. But what is less known, though, is the fact that some of these facilities are still powered with electricity generated by burning fossil fuels such as coal. And while the share of coal in the nation’s energy mix has been steadily declining since 2010, it still accounts for over half of the Chinese total energy production. Coal in China is thought to be a major contributing factor to global warming, and crypto mining powered by coal-derived electricity can hardly be considered eco-friendly as it directly translates into massive carbon pollution on a world scale. These issues force the top industry players to look for alternatives to conventional sources of energy that would not only make their mining farms and energy-thirsty rigs bring home more money but also reduce the negative impact of crypto mining that it has on the environment. There are many renewable energy sources that are currently available to miners. The ones that can be usefully utilized in crypto mining are solar, wind, geothermal, and hydropower. Once an energy source has been procured, it all comes down to the question of whether it is more profitable to use this energy for mining, or simply sell it to the grid. With Bitcoin prices rising, many green energy producers have become interested in crypto mining due to numerous benefits it offers, with the revenue flow being neither the last nor the least of them. Sometimes the profits generated by crypto mining surpass the wholesale energy prices by thousands of percent. Quite naturally, it is hard to ignore such profit opportunities, apart from the warm feeling of using a green and eco friendly energy solution. This is reported to be the new norm among many energy producers, whatever their source of electricity might be. For example, a lot of European solar energy producers are now looking into mining operations as an alternative to selling the energy to the grid for the simple reason crypto mining allows them to earn more when the energy prices are low as has been the case in recent years. Apart from earning via crypto mining, they also save enormously on energy costs incurred by purchasing electricity from the grid for everyday needs. Despite the initial costs, the cost reduction over years can be a crucial factor in turning to solar power for crypto mining operations. Windy places are not uncommon on planet Earth, and Texas is one of such places with installed wind power capacity exceeding 28 gigawatt, mostly in West Texas. It’s little wonder it has attracted a number of high-profile mining businesses such as Bitmain as well as a bunch of notable venture capitalists looking for investment opportunities in Bitcoin mining arena. For example, Bitmain opened a mining facility there in past October, which the company was going to scale up shortly. A few big names in tech investing, including the PayPal cofounder, financed a crypto mining startup, Layer1, which also launched a mining operation in West Texas. Just like with solar and wind energy production being a viable economic solution in countries with copious amounts of sunlight and wind, nations that boast vast hydroelectric capacities such as Brazil, Canada, Russia, and, ironically, China offer very cheap electricity rates to businesses, especially those next to hydroelectric facilities. It comes as no surprise that many crypto mining operations gravitate toward cheap sources of hydroelectricity, and are deployed in regions where cheap hydroelectric power is just around the corner. Hydropower offers the lowest cost of electricity worldwide by and large, and it also turns out to be renewable as well as clean and green. These two factors make it hands down an energy source of choice for crypto mining operations. As just one illustrative example, the Siberian city of Bratsk has become home for the largest data center in the post-Soviet states, which entered into operation a little over a year ago. Dubbed BitRiver, it now serves clients from every quarter of the world, while its facilities are primarily used to mine Bitcoin – thanks to cheap electricity supplied by the nearby hydroelectric powerhouse built by the Soviets in 1960’s. Iceland is likely not the very first location that comes to mind when the topic of crypto mining is brought up. However, the country has turned out to be a mecca for crypto mining due to its naturally low temperatures and amazing amount of easily accessible geothermal energy that provides power to big mining farms at virtually no cost. The country has surplus of electricity at extremely low prices, which comes from its geothermal, magma-fuelled powerhouses with no carbon footprint. As it stands today, crypto mining operations on this remote North Atlantic island use more electricity than all Icelandic households combined.
The Future of Crypto Mining
The takeaway from the above is that crypto mining energy needs will most likely keep on surging in the coming years, and still more so if cryptocurrencies continue on their path toward mainstream adoption and widespread acceptance. This results in serious concerns about the sustainability of the effort over the long run, both in terms of its negative environmental impact and sheer energy consumption. In light of these developments, the direction cryptocurrency mining will be taking in the near future is arguably further toward energy solutions alternative to conventional ones, especially those based on non-renewable sources such as fossil fuels, and, more generally, toward more eco friendly crypto mining – at least as long as mining profitability is maintained. Original article was posted onhttps://stealthex.io/blog/2020/06/09/cryptocurrency-mining-powered-by-alternative-energy-sources/
Hi Bitcoiners! I’m back with the 27th monthly Bitcoin news recap. For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month. A recap of Bitcoin in March 2019 Adoption
It is no news that cryptocurrency over the years has been able to spread all across the globe so much so that almost everyone in every part of the world has invested or has heard about it. With more people and companies rising up on a daily basis to adopt its use and even go further to create their own cryptocurrencies which they introduce to the world to serve a unique purpose. There are over 20 million users of cryptocurrencies generated everyday worldwide. This shows the market of cryptocurrency has grown significantly and it is estimated to grow to a worth of over $5 trillion in 2025. No doubt in years to come, the use of cryptocurrency will become a major means of exchange. The enormous emergence of cryptocurrencies has also led to the emergence of different mining processes which gives users an opportunity to make a solid stream of income. Regardless of this fact, mining has its peculiar challenges. Mining involves the use of a lot of energy run by power hungry machines. The implication of this is the increase in Bitcoin price. More so, the equipment used for mining is very expensive such that low income miners cannot afford it as they are unable to purchase, rent the space to use it and also pay for the huge electricity bills. However, these issues faced by crypotcurrency miners have led to the creation of a great and unique platform called TLS GROUP, a platform with a leading cryptocurrency mining infrastructure that provides portfolio management solutions using environmentally friendly financial management and green energy algorithms for the production of digital tokens by a project team that has more than 5 years of experience in the field of financial and technical services. The platform intends to share passive income of 40% with investors, token holders and all this is implemented with the help of smart contracts. Furthermore, the TLS GROUP possesses the CSP technology, which makes it possible to convert solar heat into electricity which enables electricity generation from solar energy. The cost of producing this type of clean electricity per kW is considerably low with the help of servo drive and tracking system that follows the sun throughout the day. TOKEN AND TOKEN SALE The token they issue, the TLS Token is a security token that stands on the ERC20 Ethereum blockchain infrastructure. A total of 2 billion tokens will be issued. Purchase with ETH, BTC or LTC also available on the platform. TOKEN DISTRIBUTION 99.99%- Tokens for Market 0.01%- Tokens for Team USE OF FUNDS 88%- Invested In the Different Investment Avenues 12%- Funds for Research and Development CONCLUSION TLS Group aims to create a platform for obtaining digital assets through the use of green energy and efficient algorithms for managing investment capital. The easiest, less costly mining and security available to people in the crypto space. The project also incentivizes users. For extra details on the project, click on the links below: WEBSITE: BITCOINTALK USERNAME: ogtejiri BITCOINTALK PROFILELINK: https://bitcointalk.org/index.php?action=profile;u=1790132 ETHEREUM ADDRESS: 0x33E8810b5432ccD823b6c45975A55Fb9F6c931D6
Bitcoin mining uses as much electricity as a small country. Many people hate it for this reason, its one of the more popular arguments against crypto currencies. Will crypto mining kill polar bears? I think not. I think it will help save polar bears. "Bear" with me. Germany produces a significant part of its electricity from renewable energy: wind and solar. As we all know, these sources are intermittent and seasonal, as is demand. When the share of renewable energy in the overall energy mix becomes large enough, the result is inevitable: temporary and seasonal overcapacity. This isnt just theoretical, energy prices in germany and the UK where effectively negative last Christmas: http://www.businessinsider.com/renewable-power-germany-negative-electricity-cost-2017-12//?r=AU&IR=T As explained in the above article, this isnt a rare freak occurrence, its expected and this will have to be become much more common if as a society, we want to transition away from fossil fuels. Because to do that we need (much) more renewable energy sources. A study I saw for Germany calculated they needed at least 89% more capacity, just to handle peak loads. But that also implies an incredible amount of overcapacity when demand isnt anywhere near peak, or when supply is above average due to favorable weather. Storing excess renewable electricity, in most places is very expensive and inefficient. So much so that its rarely even done. This is a major problem. Wind turbines are therefore feathered, solar panels turned off, excess electricity dumped in giant electrical heaters, offered for free or even offered at negative prices. Renewable energy may have become cheaper than other forms per KWH, but thats only if when you can sell all of your production. And its only true if the consumption occurs near the renewable energy source and not 100s or 1000s of kilometers further. Building capacity that can only be used 50% or even 10% of the time, or building infrastructure to store surplus electricity is still very expensive, as is transporting renewable energy over long distances. I know what you're thinking. Mining wont help here, because mining intermittently is something that seems crazy today; miners keep their expensive machines on 24/7. But thats only because today, the overall cost structure of a (bitcoin) miner is heavily tilted towards hardware depreciation. Particularly for anyone paying retail prices for mining asics. This will change completely, because of two related reasons: 1) mining efficiency improvements will taper off. Mining asics have been progressing extremely rapidly, from being based on CPUs and FPGA's, to using 20 year old obsolete 180nm process technology in the first asics, to state of the art 16nm chips today. This has resulted in at least a million fold improvement in efficiency in just a few years, which in turn lead to hardware investments that needed to be recovered in a few months or even weeks (!) before they were obsolete. Opportunity cost has been so high, that miners have literally chartered 747s to transport new mining equipment from the manufacturer in China to their datacenters in the US. This cant and wont last. 12nm and 7nm asics are about to be produced, or are being produced now. It doesnt get better than that today, and it wont for many years to come. Moore's law is often cited to show efficiency will keep going up. That may be true, but until now the giant leaps we have seen had nothing to do with moore's law, which "only" predicts a doubling every 18 months. Moore's law is also hitting a brick wall (you cant scale transistors smaller than atoms), and only states that transistor density increases. Not that chips become more efficient or faster, which increasingly is no longer happening (new cpu's are getting more cores, but run at comparable speeds and comparable power consumption to previous generations). What all this means is that these upcoming state of the art mining asics will remain competitive for many years, at least 3, possibly more than 5 years, and thus can be used and written off over that many years. But they will still consume electricity during all those years, shifting the overall costs from hardware to electricity. 2) Mining is still too profitable (for anyone making their own asics) and mining hardware is therefore still too expensive (for everyone else) Miner hardware production rate simply hasnt yet been able to keep up with demand and soaring bitcoin prices. This leads to artificially low mining difficulty, making mining operationally profitable even with expensive electricity, and this also leads to exuberant hardware profit margins. You can see this easily, just look at the difficulty of bitcoin. When the price dropped by 70%, did you see a corresponding drop in difficulty? No, no drop at all, it just keeps growing exponentially. That only makes sense because we are not yet near saturation, or near marginal electricity costs for bitmain & Co. Its not worth it yet for them to turn off their miners. Its not even worth it yet for residential miners. Another piece of evidence for this, is bitmains estimated $4 billion profit. But mining is a zero sum game, over time, market forces will drive hardware prices and the mining itself to become only marginally profitable. We're clearly not close to that -yet. You might think so as a private miner, but thats only because you overpaid for your hardware. Lets look at todays situation to get an idea. An Antminer S9 retails for $2300 and uses ~1300W at the wall. If you write off the hardware over a year, electricity and hardware costs balance out at an electricity price of $0.2/KWH. Anything below that, and hardware becomes the major cost. But how will that evolve? As difficulty keeps going up, bitcoin mining revenue per asic will decline proportionally, until demand for mining asics will eventually taper off. To counter that, prices of asics will be lowered until they approach marginal production costs, which by my estimate is closer to $200 than $2000. Let say a 1300W S9 equivalent at that point gets sold at $400 leaving bitmain a healthy profit margin; that would mean each year a miner would spend 5x more on electricity than on hardware. Hardware will remain competitive for more than a single year though. Say you write it off over 3 years, now you're spending 15x more on electricity than on hardware. Intermittent mining like 50% of the time, but with free or virtually free electricity will become economical long before that. By now, I will hopefully have convinced you of the viability of mining with intermittent excess renewable energy; intermittent mining with renewable energy will not only become viable, it will become the only way to do it profitably. Renewable energy at the source is already cheaper than any carbon burning source. Even in Quatar, they install solar plants because its cheaper than burning their own gas. Its transporting and storing the electricity that usually is the problem. Gas can easily be transported and stored. Wind and solar energy can not. And thats a massive problem for the industry. But mining doesnt need either. You can mine pretty much anywhere and anytime. All you need besides electricity, is a few containers and an internet connection for a solar plant or wind farm to monetize excess energy. Moreover, mining is a zero sum game, a race to the bottom. As long as its profitable for green energy providers to deploy more hardware (which will be true as long as they can at least recover their hardware investment), difficulty will go up. Until it becomes unprofitable for anyone who has to pay for his electricity. No one gives oil, coal or gas away for free, so anyone depending on those sources of electricity, can not remain competitive. If bitcoin price were to go up so much, that there isnt enough renewable electricity production in the world to accommodate the hashrate, bitcoin miners will simply install more solar and wind farms. Not because of their ecological awareness, but because it makes the most financial sense. And during peak demand periods, why wouldnt they turn off the miners and sell their electricity to the grid for a premium? Basically crypto mining would fund renewable energy development, and solve the exact problem laid out in the article linked above: provide overcapacity of renewable energy to handle grid peak loads, without needing any government funding or taxation on carbon based sources, without needing expensive and very inefficient energy storage. From the perspective of a green energy producer, energy storage, like a battery or hydrogen production, is just an expensive and intermediate step between producing electricity and getting paid for that electricity. Crypto mining will do the same thing, converting excess electricity in to cash, only much more efficiently. TL:DR, deploying more renewable electricity overcapacity is both very expensive and very necessary if we want to save polar bears. Financing for these large scale green energy projects will either have to come from tax payer money to store or subsidise the largely unused excess electricity, or it will come from crypto mining. Market forces will drive crypto mining to use the cheapest energy. Renewable energy already is cheaper per KWH than carbon based power, and nothing is cheaper than excess and thus free (or negative value) renewable energy. Bitcoin mining's carbon foot print will therefore become ~zero. If you take in to account the effect of financing and subsidizing large scale renewable energy development that can also be used to supply the grid during peak demand periods, its carbon footprint will be hugely negative. BTW, if you wonder what Blockchains LLC is going to do with 61K acres near Tesla's factory; my guess is solar plants and crypto mining. Expect to see renewable energy development and crypto mining to merge in to one single industry. Check out envion to get a glimpse of this future. Im not endorsing their token as an investment, I havent researched it at all, but the market they are going after is a very real one and its about to explode.
The music video for “Despacito” set an Internet record in April 2018 when it became the first video to hit five billion views on YouTube. In the process, “Despacito” reached a less celebrated milestone: it burned as much energy as 40,000 U.S. homes use in a year. Computer servers, which store website data and share it with other computers and mobile devices, create the magic of the virtual world. But every search, click, or streamed video sets several servers to work — a Google search for “Despacito” activates servers in six to eight data centers around the world — consuming very real energy resources. A lot of them. Today, data centers consume about 2% of electricity worldwide; that could rise to 8% of the global total by 2030, according to a study by Anders Andrae, who researches sustainable information and communications technology for Huawei Technologies Ltd. U.S. data centers consumed 70 billion kilowatt-hours of electricity in 2014, the same amount that 6.4 million American homes used that year. Data centers need electricity to power their servers, storage equipment, backups, and power cooling infrastructure; most servers require temperatures below 80 degrees Fahrenheit to operate, and cooling can comprise up to 40% of electricity usage in conventional data centers. “People don’t think about the backend consequences of Netflix streaming,” says Debra Tan, the director of Hong Kong-based nonprofit China Water Risk. “The information and communications technology (ICT) sector is probably one of the most power-hungry sectors going forward.” The global shift toward what Tan calls “cloud-based societies”—and the rise of nascent tech like 5G networks, robotics, artificial intelligence, and cryptocurrencies—means electricity consumption in data centers will keep surging.
Data’s massive carbon footprint
Because servers are housed in nondescript data centers rather than factories with billowing smokestacks, the size of their carbon footprint is easily overlooked. But the constant and increasing demand for connectivity means ever more energy funneled into these data centers, and much of that energy is non-renewable and contributes to carbon emissions. Data centers contribute 0.3% to global carbon emissions, according to Nature; the ICT sector as a whole contributes over 2%, and those numbers could increase. The U.S. is home to 3 million data centers, or roughly one for every 100 Americans. A large number are clustered in Loudoun County in northern Virginia. Tech giants like Amazon, Microsoft, and Google operate data centers there, and county officials claim that 70% of the world’s Internet traffic flows through the area’s data centers. Only 12% of Amazon’s Loudoun County data centers and 4% of Google’s are powered by renewable energy, despite their pledges to shift to 100% clean energy, according to Greenpeace. The region’s low commercial electricity rates make it an attractive site for power-guzzling data centers. Debra Tan of China Water Risk says that American tech firms with a global presence like Google and Facebook must step up their existing commitments to clean energy, as must Chinese tech companies like Baidu, Alibaba, and Tencent, which sourced 67% of their energy from coal in 2017. China’s data center industry is the world’s second-largest, comprising 8% of the global market. “The ICT sector can definitely lead the world in aggressive decarbonization because they’re the sector that will add on the most power going forward,” says Tan. “They have the capability [and] they have the scale.”
The data never ends
The Internet’s “never-ending creation of data” explains why electricity demand in data centers will likely surge in the future, says Huawei researcher Anders Andrae, who cites more advanced video, 5G networks, A.I. training, holography, and cryptocurrency mining as some of the drivers. The energy consumption of Bitcoin mining has been a concern for many watching the rise of cryptocurrencies, and analysts have said Bitcoin mining consumes around 0.3% of global electricity (some skeptics argue that such estimates are exaggerated, however). In China, the government is starting to crack down on the practice. Authorities in China’s Inner Mongolia province said earlier this month that they will no longer support the crypto mining industry, though they did not issue an official ban. Inner Mongolia’s cheap electricity, thanks to a wealth of coal, is what first drew crypto miners to the far-flung province. In China, data centers get 73% of their power from coal and 23% from renewable sources. The country’s clean energy industry is still developing, so there is a lack of infrastructure compared to coal-powered sources, which are relatively cheap and abundant—China accounts for half of global coal consumption. China’s data centers emitted 99 million tons of carbon dioxide in 2018 and will emit two-thirds more by 2023 unless industry addresses its energy consumption, per a 2019 study by Greenpeace and North China Electric Power University. Ye Ruiqi, a climate and energy campaigner for Greenpeace East Asia, says that the initiative to move the industry towards renewable energy “must come from internet data center companies themselves.” “We need to start addressing the carbon emissions and air pollutants associated with the source[s] of power that feed into our data centers.” Ye says, noting that a handful of Chinese companies have started shifting to renewables and “the results are promising.” While consumers can make some daily changes to their consumption—streaming Netflix on medium quality rather than high-definition could save over 75% of carbon and water used—companies and governments must take the lead in the greening of the supply chain and development of renewable energy infrastructure, says Tan. “We can get more efficient […] but our demand is also going to go up,” Tan says. “Your best bet is to go 100% renewables for the backend, cloud, all the transmission towers, et cetera. If you can get that infrastructure to green then there’s less pressure to curbing demand.” It will be difficult, but if the sector takes action to shift from coal to renewable energy, electricity consumption can decouple from carbon emissions, Ye says: “Technology innovation doesn’t have to contradict [sustainable] development.”
[H] Bioshock: The Collection and Other Bundle Extras [W] Assassin's Creed: Origins
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Crazy Oafish Ultra Blocks: Big Sale Crystal City Bloody Boobs AuroraRL Dispatcher Casino Noir Detective Noir Reptilians Must Die! The Braves & Bows Zzzz-Zzzz-Zzzz The Dweller Surfingers Timberman Sparkle 3 Genesis Cat on a Diet Zombillie Asteroid Bounty Hunter ShipLord Neon Prism Slash It Slash It 2 Cube Runner Upside Down Spin Rush Neon Space Neon Space 2 Duke of Alpha Centauri Hungry Flame Survive in Space Fly and Destroy Charlie's Adventure Luxor Evolved Luxor: Amun Rising HD LUXOR: Mah Jong Luxor: Quest for the Afterlife Samantha Swift and the Hidden Roses of Athena Red Risk Particula Overcast - Walden and the Werewolf OutDrive Invasion Cubium Dreams Iron Impact Stigmat Marco Polo Cybercube Mr. Dubstep Monstrum Wick Lethe - Episode One 35MM I Shall Remain Silence of the Sleep Rebel Galaxy Punch Club - Deluxe Edition Grey Goo Definitive Edition RiME Gloom SharpShooter3D Goodbye My King Crystal City Art of Murder - Cards of Destiny Art of Murder - Deadly Secrets Art of Murder - FBI Confidential Art of Murder - Hunt for the Puppeteer Art of Murder - The Secret Files Chronicles of Mystery - Secret of the Lost Kingdom Chronicles of Mystery - The Legend of the Sacred Treasure Chronicles of Mystery - The Tree of Life Chronicles of Mystery: The Scorpio Ritual Megadimension Neptunia VII Megadimension Neptunia VII Digital Deluxe Set DLC Galactic Lords W4RR-i/o-RS Nogibator: Way Of Legs WN - ShP Fairy Lands: Rinka and the Fairy Gems Drill Arena Walhall Er-Spectro Daemonsgate Chamber of the Sci-Mutant Priestess Spiritual Warfare & Wisdom Tree Collection Prophecy I - The Viking Child Drakkhen Marco Polo Hostage: Rescue Mission King's Table - The Legend of Ragnarok Eternam Chaos Control Bubble Ghost Mystical Alien Rampage Ocean Classics Volume 1 100% Orange Juice - Sham & Sherry Character Pack 100% Orange Juice - Acceleration Pack 200% Mixed Juice! 100% Orange Juice - Syura & Nanako Character Pack 100% Orange Juice - Saki & Kyousuke Character Pack 100% Orange Juice - Mixed Booster Pack 100% Orange Juice - Krila & Kae Character Pack 100% Orange Juice - Nath & Tomato+Mimyuu Character Pack 100% Orange Juice - Alte & Kyoko Character Pack War of the Human Tanks Worms Worms Reloaded: Game of the Year Edition Worms Ultimate Mayhem - Deluxe Edition Worms Crazy Golf Worms Blast Worms Pinball The Mooseman Sky Break Tropico 5 Super Cloudbuilt Tower 57 Dex Epistory - Typing Chronicles Deponia: The Complete Journey Table Top Racing: World Tour Riff Racer - Race Your Music! GT Legends GTR Evolution Vangers Insane 2 Zero Gear Race.a.bit Mashed Race: The WTCC Game + Caterham Expansion Little Racers STREET BARRIER X Super Toy Cars Mini Motor Racing EVO Drift Streets Japan Instant Death Spirits of Xanadu Swipe Fruit Smash Voxel Baller Breezeblox BalanCity VRog BoomTown! Deluxe City Siege: Faction Island Bomb The Monsters! Crazy Belts Rush for Glory Naval Warfare Insurgency Blood Knights Heroes of Annihilated Empires Wizardry 6 & 7 Drakensang Rune Classic Gemcraft - Chasing Shadows Knights and Merchants Etherlords I & II Sudeki Numen: Contest of Heroes Inquisitor Commands & Colors: The Great War Making History: The Calm and the Storm Gold Edition Attrition: Tactical Fronts Imperial Glory Praetorians Commandos: Behind Enemy Lines Commandos: Beyond the Call of Duty Commandos 2: Men of Courage Commandos 3: Destination Berlin Ominous Tales: The Forsaken Isle Beyond the Invisible: Evening Tearstone Entwined: Strings of Deception Vengeance: Lost Love The Rosebud Condominium Where Angels Cry: Tears of the Fallen (Collector's Edition) Lightning: D-Day Congo Merc Hold the Line: The American Revolution Battles of the Ancient World Peninsular War Battles 1812: The Invasion of Canada Russian Front 7 Wonders II 7 Wonders of the Ancient World 7 Wonders: Ancient Alien Makeover 7 Wonders: Magical Mystery Tour 7 Wonders: Treasures of Seven Discovery! A Seek and Find Adventure Gardens Inc. 2: The Road to Fame Glowfish Little Farm Luxor 2 HD Luxor 3 Luxor Evolved Luxor HD Luxor: 5th Passage Luxor: Amun Rising HD LUXOR: Mah Jong Luxor: Quest for the Afterlife Midnight Mysteries Midnight Mysteries 3: Devil on the Mississippi Midnight Mysteries 4: Haunted Houdini Midnight Mysteries: Salem Witch Trials Midnight Mysteries: Witches of Abraham - Collector's Edition Pickers Samantha Swift and the Hidden Roses of Athena The Dweller Iesabel EM: Shader Attack Invasion Labyronia RPG Labyronia RPG 2 Legend of Mysteria RPG Chosen 2 Balloon Blowout Bayla Bunny Block Blowout Chess Knight 2 Dessert Storm Fantastic 4 In A Row 2 Fantastic Checkers 2 Ludo Supremo Mahjong Deluxe 2: Astral Planes Mahsung Deluxe Mini Golf Mundo Pepe Porcupine Puppy Dog: Jigsaw Puzzles Puzzles Under The Hill Ultimate Word Search 2: Letter Boxed Bubble Blowout Train Valley Broken Sword Trilogy Daemonsgate Chamber of the Sci-Mutant Priestess Prophecy I - The Viking Child Drakkhen Marco Polo Hostage: Rescue Mission King's Table - The Legend of Ragnarok Bubble Ghost Mystical Ocean Classics Volume 1 Pandora: First Contact Ara Fell 35MM Grand Ages: Rome GOLD GT Legends Nether: Resurrected CAT Interstellar Circut Breakers Memoranda Sins of the Demon RPG Gladiator Trainer Dragon Sinker Neon Chrome Skullgirls Mad Games Tycoon Replica Patrician IV - Steam Special Edition Patrician IV: Rise of a Dynasty Patrician III The Swindle Zenith Hive Jump ICY: Frostbite Edition Commandos Collection Revhead Car Mechanic Simulator 2015 Demolish & Build 2017 Robot Squad Simulator 2017 Skullgirls & DLC The Mims Beginning Dreamstones Cally's Caves 4 Tank Battle: East Front Tank Battle: Pacific Tank Battle: Normandy Tank Battle: North Africa Tank Battle: 1944 Tank Battle: Blitzkrieg Tank Battle: 1945 Civil War: 1861 Civil War: Bull Run 1861 Civil War: 1862 Civil War: 1865 Civil War: Gettysburg Civil War: 1864 Forbidden Clicker Party SK8 King of the Eggs Bouncy Bob Hotel Dracula Warfront Defenders: Westerplatte Pony Island Who's Your Daddy SWARMRIDER OMEGA SWARMRIDER OMEGA OST DLC SWARMRIDERS: Original Soundtrack DLC DinoSystem Super Sports Surgery Middle-earth: Shadow of Mordor Game of the Year Edition Startide Timberman Kathy Rain Table Top Racing: World Tour Z Dark Years Exowar Total Extreme Wrestling World of Mixed Martial Arts 3 IGT Slots Paradise Garden Anti-Opoly Wrestling Spirit 3 Draft Day Sports College Basketball 3 Draft Day Sports Pro Basketball 4 Defend Your Life Hyperdrive Massacre The lost joystick Orbital Racer RUNRUNRUN Murder... UBERMOSH:BLACK Trip to Vinelands SWARMRIDER OMEGA Bad Dream: Coma Mad Games Tycoon Perfect Universe Daddy's Gone A-Hunting Deep Dungeons of Doom Worms PolyRace The Way Indiegala - This Strange Realm Of Mine Bot Vice Koloro Dungeons & Vampires Eliosi's Hunt Westboro Aspect Grim Legends 2: Song of the Dark Swan The Secret Order 2: Masked Intent Queen's Quest 4: Sacred Truce Chronicles of Magic: Divided Kingdoms Kingmaker: Rise to the Throne Ghost Files: The Face of Guilt Lost Grimoires: Stolen Kingdom Crime Secrets: Crimson Lily Grim Legends 3: The Dark City Mind Snares: Alice's Journey Particle Mace Secret of Magia Sins of the Demon RPG Splatter - Zombie Apocalypse Airscape - The Fall of Gravity Fate Tectonics Battle Ranch: Pigs vs Plants Earth Overclocked Greyfox RPG When Our Journey Ends - A Visual Novel Wish -tale of the sixteenth night of lunar month- Cursed Sight A Winter's Daydream Empty Horizons Poker Pretty Girls Battle: Texas Hold'em Pretty Girls Mahjong Solitaire Pretty Girls Panic! Mahjong Pretty Girls Battle Dungeon Manager ZV Boneless Zombie Delicious! Pretty Girls Mahjong Solitaire Koi-Koi Japan [Hanafuda playing cards] Mahjong Pretty Girls Battle: Schools Girls Edition Wild Romance Dungeon Manager ZV 2 Alvaris 2: The Return of the Empress Princess Kaguya Koi-Koi Japan: UKIYOE tours Vol.1 Koi-Koi Japan: UKIYOE tours Vol.2 Koi-Koi Japan: UKIYOE tours Vol.3 Pretty Girls Panic! (Chinese version only) Pretty Girls Mahjong Solitaire (Chinese version only) Slash or Die Containment Slash or Die 2 RepairBot Roots of Insanity Stories of Bethem: Full Moon Stellar Interface Trench Run LoveBug 12 Labours of Hercules VII: Fleecing the Fleece (Platinum Edition) A Dream For Aaron A Duel Hand Disaster: Trackher ARENA GODS Adelantado Trilogy. Book Two Adelantado Trilogy. Book one Adventures of Dragon Aircraft Evolution Alice in Wonderland - Hidden Objects Alicia Quatermain 2: The Stone of Fate Alicia Quatermain: Secrets Of The Lost Treasures Amelon BAD END BELPAESE: Homecoming Battle High 2 A+ Beat The Game Bitcoin Miner Blind Men BlowOut Border of her Heart Bottom of the 9th Bravium Brawlout Broken Minds Burnin' Rubber 5 HD Chinese Ink Painting Puzzle & Creator Clash of Puppets ClickBit Coffee Crawl Crashday Redline Edition Crazy Pirate Crisis in the Kremlin Crystal Catacombs Crystals of Niberium Cube Zone Cubiques Cubiques 2 Curse: The Eye of Isis Digital Resistance Disparity Drake of the 99 Dragons E-Startup Elbub FreeHolder Gladiator: Sword of Vengeance Goldmine Gothicc Breaker Hentai Puzzle Hentai Sokoban Hide The Body I.F.O Inexplicable Geeks: Dawn of Just Us Insanely Twisted Shadow Planet Insert Paper: Update Insurgence - Chains of Renegade Joy Climb Judge Dredd 95 Krampus Quest Krautscape LOOT BOX ACHIEVEMENT SIMULATOR Legend of the Skyfish Lunch Truck Tycoon MIND SHIFT Maze of Infection Mines of Mars Mini Ghost Mission: Escape from Island 2 Morphite Moto Racer 4 Moto Racer 4 - Space Dasher Moto Racer 4 - The Truth NALOGI NALOGI 2 Navalny 20!8 : The Rise of Evil Negligee Neon Shadow Neverliria Next Hero ORCS PLATI NALOG: Favorite Russian Game Panzer Hearts - War Visual Novel Paper Shakespeare: To Date Or Not To Date? Paradox Wrench Penny Arcade's On the Rain-Slick Precipice of Darkness 3 Pixel Hentai Mosaic Pixelpunk XL Plant This Q-YO Blaster Questr Ravensword: Shadowlands River City Super Sports Challenge All Stars Special Rot Gut STATUS: INSANE SUPER BENBO QUEST: TURBO DELUXE Science Girls Shadowgrounds Shield Impact Shout Of Survival Spooky Cats Store Simulator 2018 Strangers of the Power Suna SwordBounce The Adventures of Elena Temple The Bluecoats: North vs South The Deer God The God The Last Dawn : The first invasion The Lost Gardens The Princess Adventure The Reject Demon: Toko Chapter 0 - Prelude The Uncertain: Episode 1 - The Last Quiet Day They Are Hundreds Tokyo Twilight Ghost Hunters Daybreak: Special Gigs Toy Odyssey: The Lost and Found Usual John Visceral Cubes WeakWood Throne Welcome to Princeland Wings of Vi World's Dawn YumeCore Zombie Desperation the Line Fanatical Software - Decent Icons Live Wallpaper Master Rytmik Lite Chiptune Synthesizer Nimble Writer Rytmik Ultimate Rytmik Ultimate - Rock Expansion DLC Rytmik Ultimate – Voice & Acoustic Expansion DLC SPATIAL SOUND CARD
"Ultimately, Credits.energy has many of the red flags we associate with ICO scams."
Credits ICO: Mobile Mining Platform Supports Green Energy? "Ultimately, Credits.energy has many of the red flags we associate with ICO scams." https://bitcoinexchangeguide.com/credits-ico/ via @bitcoinsguide "Credits.energy is a cryptocurrency mining app that claims to support green energy initiatives. Here’s our review. What Is The Credits ICO? Credits is a mobile mining app that lets you mine credits on “low”, “medium”, or “high” settings. You can download the app today for free for Android (an iOS version is listed as “coming soon”). The mining feature is expected to go live starting in May 2018. The goal of Credits.energy is to build sustainable, green energy projects. As the official website explains, “credits will be building green energy & sustainable projects that give 10% of profits to various charities.” Meanwhile, users will be able to cash out their credits through direct deposit. Cashing out is expected to go live in summer 2018. A pre-ICO for Credits tokens (CRED) is underway throughout March and April 2018. The price is set at $0.005 per Credit, or $1 USD = 200 CRED. Overall, there’s very limited information about Credits.energy available online. There’s a very small whitepaper, for example, with no team information and little information about how the project works. The platform vaguely mentions investing in solar and wind energy but doesn’t provide many specific details. This is unusual for a company seeking to raise millions of dollars through an ICO. What Problems Does Credits.energy Seek To Solve? Credits.energy seeks to solve all of the following problems with today’s cryptocurrency industry: Speed of Transactions: Credits claims that cryptocurrency transactions take too long. They specifically reference the bitcoin and Ethereum network, where transactions can take over 10 minutes to be completed. Obviously, there are other cryptocurrencies that can complete transactions within milliseconds, although Credits.energy doesn’t mention this in their whitepaper. Volatility: “Bitcoin is backed by absolutely nothing,” explains the Credits.energy whitepaper. This leads to enormous volatility. Credits.energy will solve volatility – although they don’t explain how they plan to do that. Ease of Use: It’s not easy to jump into the cryptocurrency industry as a layperson. Credits.energy wants to change that. Cashing Out: “Cashing bitcoin out is confusing,” explains the official whitepaper. you need to export your bitcoin into an online wallet then wait 2 to 3 business days. Credits.energy aims to speed up this process, offering easy cashing out for users. Obviously, these are enormous and vague problems that occur across the entire cryptocurrency industry. How Does Credits Work? Credits.energy aims to solve all of the problems listed above. First, the company’s Credits will have their own “network servers to ensure speed and stability supplemented by its users to ensure reliability,” explains the official whitepaper. Meanwhile, 10% of proceeds will be given to charity projects. Users will also be able to purchase Credits directly through the platform using conventional payment methods. You can visit Credits.energy today to purchase Credits. Meanwhile, Credits.energy plans to solve volatility “by investing in green energy and sustainable projects that earn residual income.” Credits.energy will use the income generated from these projects “to improve our technology thus generating cashflow in the tech arena as well.” Credits use the CryptoNight algorithm for maximum anonymity. Basically, you mine Credits through your Android or iOS mobile app. Then, those Credits are used to fund sustainable projects around the world. Some of the projects mentioned on the Credits.energy official website include solar energy projects, wind energy farms, and agriculture operations. The whitepaper provides a specific example of all three projects: Solar Energy: Credits is creating a “Solar Farm Project” that expects to generate 25 megawatts of power on the outskirts of Denver, Colorado. This power will be sold, and the income will be used to “maintain the Credits ecosystem while simultaneously increasing the value of your Credits holdings.” Wind Energy: Credits will create a Wind Farm Project that will produce 40 megawatts of power on the outskirts of Denver. The company plans to use Vestas turbines. Agricultural Operations: Credits.energy will launch a large-scale organic hydroponic greenhouse operation on the outskirts of Denver. They plan to mass produce tomatoes, lettuce, spinach, cucumbers, eggplants, carrots, potatoes, and more. About The Credits ICO Credits.energy is selling its CRED tokens (listed under the trading ticker CX) at a price of $0.005 during the pre-ICO, or $1 USD = 200 CRED. By the time the main Credits ICO begins, the company is doubling the price of each token up to $0.01 apiece. An exchange rate of 1 ETH = 100,000 CRED is also mentioned in the whitepaper. The token sale began in March 2018. It appears to be continuing until all tokens are sold. You’ll need to send ETH or BTC to the company’s wallets as posted on Credits.energy. The Credits team claims the price of each CRED token can be expected to “grow rapidly” as soon as April 2018. However, it’s unclear why they expect the price to suddenly rise. Who’s Behind Credits? Credits.energy is organized under the name Credits LLC. The website features an article of organization for the company that you can view here. That document appears to show that Credits LLC is a legitimate company registered in the State of Colorado. The company is registered under the name “Fair Trade LLC”. The registration document includes a Denver, Colorado address. Listed members of the team include Luke Ingraham (CEO and Founder). Luke has owned and operated a successful private crypto investment firm for the past 21 months. He’s also mined cryptocurrency since 2013. You can view his LinkedIn page here. Luke’s previous listed experience includes positions as CEO of Lucrative Enterprises (September 2015 to December 2016) and CEO of Fair Trade, LLC (from July 2016 to present). Other listed members of the team include Geoff Williams (CFO) and Bidhan Baral (Android and iOS app developer). Credits ICO Conclusion Credits aims to launch a cryptocurrency called Credits (also known as CRED or CX). These tokens will be used to purchase a stake in three renewable energy projects in developing around Denver, Colorado, including a wind farm, a solar energy farm, and an agricultural operation. By purchasing CRED tokens, you can earn profits from the success of these operations. Income generated by these three projects will be shared with token holders. Credits.energy appears to be open and honest about its location and team information. However, there are some unusual things about the project. The whitepaper is just 12 short pages long, for example, and explains limited information about the company. There are no specific details about the three renewable energy projects posted online. We have no reason to believe they’ll ever be completed, for example, and there’s no evidence that any members of the team have previously built any type of green energy operations. Despite the complete lack of information, Credits.energy is attempting to raise millions of dollars through an ICO in March and April 2018. They claim the price of Credits tokens will experience “rapid growth” within weeks of the ICO – although it’s unclear where this sudden rise of value will come from. Ultimately, Credits.energy has many of the red flags we associate with ICO scams...." note: they do have at least i las vegas phone number and their twitter profile has been advertising as being in las vegas nv shade shade and more shade
---> CREDITS CRYPTOCURRENCY CRED CX : JULY - AUGUST COMMUNITY UPDATES AND RUNNING ANALYSIS
https://new.reddit.com/CreditsCryptocurrency/comments/937w1n/we_need_to_talk_about_credits_llc_re_cfo/ We entered into August 2018 now a full 7 months after the launch of Cred CX @ Credits.Energy As the jingle goes we have been hearing "Credits Cryptocurrency, Supports Green Energy" Many are only waiting to have an exchange listing.... Many are questioning what they really have received after they paid for their Cred CX coins. Most do not know they are still waiting for an actual Cred CX cryptocurrency coin. If you read this I hope it will help educate some on matters of a cryptocurrency the one in review here is based upon cryptonote - The most popular cryptocurrency like Cred CX is Monero. I would go over the last 7 months but there is little to Report. So little to report that Credits has not released a much anticipated end of July update as they did with the end of June. The end of June report was mostly about challenges and future or forward thinking and goals. Nothing in the way of a verifiable blockchain / coin. Some ICO fundamentals: ~Dollars and Cents~ How well did the pre ICO and ICO and Now crowd sales do from a financial perspective is not clear to to purchasers and or investors alike. The only thing I find is that in a May 2018 they edited the timeline infograph they ~ failed to reach the softcap of 100 million Cred CX sold. They have subsequently said that they have exceeded the softcap but have not made known a hard cap, nor do we know how many Cred CX where purchased as of this date. As well they also have not published any official figures from their corporate offices regarding bonuses, incentives, airdrops or other distributions etc. This in addition to corporate distribution among themselves and their stake or holdings, the company, and what appears to be a un published foundation or "entity", there are no details about any such entity as of yet in our knowledge. Perhaps the whitepaper plans have changed again with out noting public revisions. We do know that they are still taking orders for Cred CX and are reportedly going to "explore" merchant account options. July saw Paypal suspended on Credits.Energy website. Another red flag. Our analysis leads us to think it went something like this... Read the following:https://www.reddit.com/CryptoCurrency/comments/7zkzjz/go_fuck_yourself_paypal/ Hello xxxxx, We are writing to you in regards to your PayPal Account. PayPal appreciates that you have chosen us to accept payments for your business. A periodic review of your account shows that you are cryptocurrency trading using PayPal. However, unfortunately we have determined there to be excessive risk involved with the business model that you engaged in using PayPal. While we wish you the best of success in your future business endeavors, we respectfully ask that you seek another method of payment for the online business. Your remaining balance will be held in your PayPal account for 180 days from the date your account was limited. After 180 days, you will be notified via email with information on how to receive your remaining funds. We deeply regret any inconvenience this matter may cause you. Sincerely, PayPal Compliance Department PayPal" ^^The above was of an IOTA trader a well established coin. Cash is still king with this ICO it appears. Looking at their past known published crypto addresses used at some time over the last 7 months to receive crypto payments for orders of Cred CX it reveals "nominal" volumes. The current address advertised shows zero activity for in puts and out puts at the time of this writing. I it is another cleaning of the crypto slate as it where. No update notification has been given of the change on social media other than now perhaps here. By publishing the explorer to their adresses and hashes here I am not promoting anything. You can explore them here: Bitcoin: https://www.blockchain.com/btc/address/1JFz4UHRrsKnL5aGj5V87FxFz7RxAmDJ3m?sort=0 Ethereum: https://etherscan.io/address/0x8ca65a6e0839ea2de06e0741b6325b9629eff928 With out the public having kept track of previously published address one would not know that they raised anything via crypto during this ICO and the pre ICO based on currently available data. Please see this post for IMPORTANT INFORMATION: https://new.reddit.com/CreditsCryptocurrency/comments/937w1n/we_need_to_talk_about_credits_llc_re_cfo/ ~ EXCHANGE LISTING/S ~ There is no data to reference as to who Credits llc has been in talks with or what applications they have submitted to whom. They say that is what they are doing still. Acceptance is reported to have been granted by two exchanges as to why thy have not taken the listing offer and acted upon it until now is not clear at all. They have said they want to get it just right and the coin was not ready for release and others agreed. I am presuming that includes exchanges feedback, with out comments on the acceptance and negotiating there is nothing definitive I can find to clarify anything re exchange listings chatter. The exchange listing seems to be the number one question with Cred CX owners. ~CODE~ We did not see any new code commits to the official github. Reginald Gaines created the first cryptonote fork 2 years ago. Forked from Appinvestocred and is found here: https://github.com/CreditsCryptocurrency/cred-1 Appinvestor Reginald Gaines aka Appinvestor a seemingly abandoned github account that points to a now defunct domain and email, attached to a Business "AppInvestor.Co Inc" Seattle Wa USA [[email protected]](mailto:[email protected]) http://www.appinvestor.co/ We do see the blockchain project for Cred CX "CRED-1" was updated 6 months ago on or about the time Reginald Gaines was last known to be developing for Credits LLC. Reginald Gaines was known by me to have been paid by the founders based on past phone conversations, In fact I advised founder Luke to cut him loose as he was at the time failing to deliver as contracted and development of the blockchain rested solely with him. He was holding the project up and I advised Luke to not be held hostage by a prepaid contractor and take the loss and move on quickly. Last conversation I had with him about it in Feb 2018 he reported to me that he had candidates lined up to replace him. Mobile apps: Bidhan Baral Co founder of Technojagat.com is said to be responsible for the android and iOS apps. We are not certain that what Bidhan and or others @ Credits in collaboration have released is a cryptocurrency / blockchain wallet. On Andorid the back end is served by firebase.google.com Firebase is built on Google infrastructure and scales automatically, for even the largest apps. Firebase is not a open distributed ledger aka blockchain. Credits plans to include a credits run private (in app) auth network in tandem with an actual open distributed ledger. How they have implemented this is unknown. App Store Preview gives it a 5 out of 5 out of 8 Ratings currently. The current progress report is minor setbacks re the mobile miner. No reports on any Windows, Mac, Linux wallets, or mining pools. As for as we know there is no published list of mining nodes or if code exist for "testnet" and or actual mining. We have seen no community activity among miners to create their own pools to Mine Cred CX and there are literally billions that need to be mined. What kind of computing infrastructure is Cred CX relying on in the future or have already deployed the blockchain on, who are the service providers, they are part and parcel to a healthy "ecosystem" who are the supply partners? I am not convinced that withholding details about logical questions asked of a blockchain company start up, or not, is good for business. The current advertised CTO @ Credits.energy is Justin Farmer, he has a previous private relationship with Rick Floyd CEO before both of them came to Credits.energy executive team. He has been the chief technical officer according to the website since approx mid March of 2018...? Justin's code developments or those of others he is in charge of as CTO appear to be one of the most closely guarded secrets about Credits LLC's coin Cred CX's development, just as much as fundraising data and operations. Although this is not a secret many people do not know about the webwallet (https://wallet.credits.energy/) that is believe to be in part coded by Justin and Bindam. There are no verifiable details know to me. It is the code that I can reference as proof of development and evidence of an accomplishment task as set forth in the companies whitepaper... We do not beieve it is a webinterface to an actual blockchain but the same corporate ledger as is found in firebase.google.com that drives the android app. Why Credits LLC Cred CX did not update github over most of the life of this opensource code based project has no official explanation as far as we are aware. Why they have not released where the development logs and code are is a mystery to us. We have to presume that there are in fact those things some where. Both developmentally as is financially this companies ICO has been anything but transparent where it matters most. Lastly on the subject of this topic heading is Steven Crider the Sr. Product Analyst is hoped to be in a position to provide his analysis on the product. ~GREEN ENERGY~ "Kendra" highlights the relationship between Credits (CRED - CX) and renewable energy. https://www.youtube.com/watch?v=YjSKSKMeK0k - Published on 2 May 2018 ^^That is pretty much all of what some know regarding aabout Cred CX and how it support green energy. Last know relationship building with green energy groups was focused on Denver area associations. A Missed speaking engagement. Former acting CEO and Credits LLC's founder Mr. Ingraham was said to have be confirmed as speaking on March 13th at Solar Power Mountain West about how Credits LLC via Cred CX is incorporating blockchain technology into the renewable energy sector. Mr. Ingraham was not able to attend that conference @ Colorado Solar Energy Industries Association (COSEIA). Since that time there has been no updates regarding green energy relationships or building a community of interested parties in the purported solar energy project on the outskirts of Denver Colorado. With out a doubt the real world clean or green energy producing project is the most significantly complex and challenging part for Credits LLC and it's Cryptocurrency with a purpose . It seems that Jared Wells has the best publicly documented insight on how credits is actually thinking in part what they are achieving in what can be called a Green energy Cypto Currency - A Crypto with a purpose. "Credits.Energy, the “crypto with a mobile mining app that supports green energy,” aims to virtually eliminate the cost of supporting renewable energy. We asked Credits.Energy COO, Jared Wells, to explain what the current barri-ers to entry are in the renewable energy market: “Mainstream adoption of solar and wind power is all about efficiency. Obviously, if I put a solar panel on my house, I need batteries to harness that power overnight, charge controllers to manage wattage and voltage, and a way to integrate that energy into the power system. These same basic components are required whether you have 1 panel or 400 panels . . . 1 turbine or 50 turbines. . . . So while the overall cost per watt in the solar and wind power har-nessing platform decreases incrementally by increasing the number of generation components involved in the sys-tem, it is inversely more expensive per unit of electricity to implement the smaller scale systems that can be afford-ed by an individual homeowner. In addition to that, there are so many people who live in leased or rented housing and are unable to attach solar panels or wind generators to their residences or who maybe just can’t afford to have their own system.... Credits.Energy intends to resolve this problem by allowing for simple purchasing and management of the CRED cryp-tocurrency token through their intuitive website and mobile applications. " Source: https://cryptogo.news/2018/04/21/pr-green-energy-crypto-credits-energy-ico-is-now-live/ Google search: Credits.Energy ICO is now live Jared wells As it is with the CEO, CFO, CTO, and Developers, Operations @ Credits has very little shared data on the strides taken to invest into a green energy project/s on the outskirts of Denver Colorado. The location of the Solar Project remains undisclosed. There has been no comments by the COO Jared or press releases with regards to acquisitions, investment or strategic partnerships with any Green energy related entities to date. Participants in this ICO who participated based on the green energy components are due for a long anticipated report on how their investment and purchases have contributed to green energy, the environment and how it has helped the Cred CX ecosystem" and various charities. ~Community and Ecosystem~ Other than this reddit and the Facebook & Twitter pages Credits does not have a perceptible community. Some cryptonote forks attract anaon coin investors, cryptopunks, miners etc. As there is know known blockchain and wallet / node / miner for Cred CX it is no surprise they have not joined our ranks as of yet. There is always the future. Adoption and traction take time and delivering open source software tools to the community to create an ecosystem / auth network and mine the coins as reward for participation in the auth network. Potentially billions and billions of of hashes waiting to make this a viable anaon coin. As for Ecosystem there is none that we can speak of. One can use the apps or webwallet to send and receive in app tokens. The functionality is only extended to include the ability to send a one line note. We have not tested to see what is the character limit is or if it is encrypted and will be recorded on the immutable open ledger. So as a community, or one on one, holders I suppose could use it as a message or note app. It would "cost" you 1 Cred CX per as many characters you can write in the line space provided. Although Cred CX is as said as being based on cryptonotes cryptonight algorithm it shares the note feature. XDN has built a solid cryptonote enterprise on this one feature. Cred CX is it's sibling technically speaking. "DigitalNote XDN is a decentralized private cryptocurrency. It is based on CryptoNote anonymous technology and has a unique untraceable encrypted messaging system with blockchain based staking for a defined period." https://digitalnote.biz/ There is always a bright side and we hope Cred CX will come into that as soon as is possible. DigitalNote XDN had a name change and a history that had it reinvent it's self several times... About DigitalNote XDN Formerly known as DarkNote XDN Formerly known as duckNote XDN As you can see they have had some stormy seas and needing to "right the ship". The question is how is Cred CX navigating those waters? "May 30, 2014 — day of the first XDN block" We have been long waiting and anticipating the announcement of Cred CX first block announcement. With a new cryptocurrency the first block mined is like the fist minting of a new coin in metal. It is generally a celebrated event and anniversary date. Accounts... It is unclear how one deletes or closes out their accounts. Example in the case of refunds. Do you send them back their Cred CX using the convenient email address feature they sent it from and use the Note space to file an invoice / refund? After that is settled how does one close the account out for good. How does one close an account or in cypto speak burn their coins with proof (on the open blockchain). Not being able to transfer off app has left Cred CX use limited to, limited in app only functionality. I have not ever seen any press or pr promoting this feature alone. A community of testers would have really helped. No group feed back forum was used including this the reddit group. That leads us to... ~ PR / IR / Social Media ~ Very little evidence of a concerted social media campaign/s Relative new comer to the Credit's team is Torin Tostanoski the "Social Media Strategist". The strategy seems to be that less is more in the way of social media and customer relations / support. As was pointed out to me in analysis of this aspect of this ICO was that one could have looked at the youtube channel and some have said it speaks volumes perhaps even enough to make an informed decision to pass on Cred CX - https://www.youtube.com/channel/UChi2qFyDx5mynP52lTjDRLQ Stats Joined Jan 16, 2018 162 views 0 Comments VIDEOS: Uploads 1 title "Credits Cryptocurrency & Platform" 162 views 6 months ago It appears to be abandoned. Rick Floyd has a youtube Chanel set up for credits but the original "official" youtube account is inactive for over 6 months now.... Bitcointalk.org - Good news they created a Topic for Cred CX there. A powerful creditable account and community to have a voice in as an ICO, trader, miner. Minimal activity on the content and any substantial information shared has given no cause for exposure to arguably an ICO's best source of support in all things cryptocurrency. It is a market place for ideas and collaboration as well as investment and traders. See: https://bitcointalk.org/index.php?topic=3086671.20 Most PR was done in the form of paid for press releases and they where picked up and syndicated on crypto centric investments aka ICO's and technology blogs. I do not know of the effectiveness of the paid adwords and facebook ads. Facebook delivered a blow to all ICO's this year with a change in policy. Many holders of Cred CX are baffled by the choice to not improve Credits social media presence and reach. As it is, it remains a decidedly non communicative, non transparent ICO on this front as well. With some issues in its executive ranks, lacklustre ICO participation, and very little to report regarding progress some might think it not surprising to have a policy that seems to be based on one of silence is golden. ~WHERE ARE WE AT?~ The issue is at this point very, very, basic: Where are our cryptonote blockchain tokens / coined as Cred CX? What many holders in the public do not know is they do not need an exchange or mobile app with a mobile miner to hold the coins and exchange them. We have yet to see code written by them for the actual blockchain. There are mobile apps and a webwallet. OK. Where are Windows, OSX, and Linux wallets and miners? Where are Cred CX testnet/s? and the credits internal node network? Who has been recruiting or building a mining pool? This reddit should be abuzz with posts about such things and @ Bitcointalk.org The last update on twitter after a full calendar month of no updates @ credits.energy we hear that there are minor set backs and re the mobile mining feature. That could very well may be. It is understandable to have compliance issues both technical and policy, to not ever reference technical or policy data is a red flag for many. It also does not explain why a mobile platform with an off app network cannot not give us our hashes, our coins on an immutable ledger aka blockchain. Cred CX Cryptocurrency a cryptonote fork is an anonymous coin by default. Transactions on the apps and on credits internal auth network are not truly anon, and require the public open blockchain for distributed off credits network authentications of transactions for them to be so. We have not been given it. When looking at credchain.org (<--- Hint the foundation that is or is not?) it redirects to credits.energy. The chain explorer is not publicly active nor is the source code for anything as far as we can see other than the github - Last updated 6 months ago... It is a fork (a copy for those who might not know what a fork is) - no development code or update to or of code have been committed to the projects opensource software repository as advertised on the website. How is the premine going? Is it started or over? Where are the cryptonotes coined and mined as Cred CX? Do I need a mobile app with mining features to use my cryptonote wallet, no, no one does. So if a "feature" is what the project hangs on that is a red flag. A quick way Cred CX could be made viable and live right now is like this: MyMonero is the only web wallet for Monero. It is operated and owned by Riccardo Spagni, who is one of the lead Monero developers. The wallet works like any account. You create an account and can login online to access your funds. MyMonero only encrypts your keys and stores the data on its servers. It cannot access your funds. See https://mymonero.com/ for a live example Monero Desktop Wallet The best and only Monero desktop wallet is the official client which is a full node. It can be downloaded from the official Monero website. Credits position: "...crypto with a mobile mining app..." A Crypto. A mobile mining app. One does not need a mobile mining "feature" in an app for there to be a coin or crypto wallet, in fact it is quite the opposite in certain respects. "Technicalities" --------------------------------------------------------------------------------------------------- So set backs as of August 2018... We have no progress reports we just have our own ongoing independent analysis. I hope this has been helpful to the community. Your feed back is welcomed. If you have questions or concerns feel free to post here. Start a new topic. I am certain there are other things people can share here that would be of a benefit to the community as small as it may be at the moment. Supporters and fans of Cred CX are welcomed to share what good news the have and what inspires their enthusiasm and support for Cred CX. COME WAVE THE GREEN FLAGS FOR CRED (CX) We are looking into sponsoring a Cred CX airdrop and give aways! Tell your Friends :-) We hope for the best and truly want to see the CRED CX coin succeed "Stay tuned" here for more in depth reports and analysis on (Cred) (CX) John
[SF] Merry Christmas, Alvin or Caretaker of My Machine or The Matrix, Actually
"Merry Christmas, Alvin!" Talk about work from home. That Brando literally did nothing but mow his yard. It's so green, so perfect, but so is mine! So is everybody's! When the sun never stops shining, whose wouldn't be? With these new fertilizers the scientists told us about, who wouldn't be? Used to be the scientists would have to sweat over chemicals, hold vials and ampules and pustules and whatever it took to make that grass grow green, or to the right perfect height, or to be a little, I don't know, springier, lest prone to pests, less stressed by dandilions or crabs or whatever it was grass used to get. "Merry Christmas, Brando." I turn my back on the rows of spotless white fences separating grass greener than Chicago relish, across lanes and lanes of white sidewalks down perfectly paved roads with sparkling double yellow lines and bike lane bumpers for the kiddies. Not an automobile in sight. To trees taller and sturdier than ever, rooted deep in the most highly engineered soil, delivered whenever you want it by the Yard Squad. Just a bunch of guys with shovels and helmets and jumpsuits, sweating and jumping and loving every minute of it, and we bring them lemonade. Because nobody really works, not here. Not now. If you want to, you do. If you don't, you don't. Well, really we do, because we take care of the machines. But nobody really gets that. I walk inside, sliding the seamless glass door of my steel-and-concrete mansion, I guess it reads my face or my fingerprints, something glows and then the door opens, but just for me. Slippers slapping across the polished concrete, I set my coffee cup on the sideboard where Roomba (MY robot servant, so it does go both ways) can reach it and slump onto the couch. Another freakin' day in paradise. I don't know about this mood. Let's see who's online. "Battlefront 8", I mumble. Suddenly, there I am, alongside a few other lonely avatars bored out of their minds. There's not really war in these games anymore. I guess that's a sign of the times, huh, because there's not a lot of war out there either. The_Pax_Robota That's my screenname on BF8, I felt like it might be a little dated by now, a little braggy, but I like to have my little jokes. I used to be something, at least on my way to something. I thought I had found something nobody else had found. I had 3 air conditioners in both bedrooms and the basement, I was sleeping in the kitchen on a cot. I was workin' my ass off! I had 9 racks. Floor-to-ceiling, liquid-cooled, all the LEDs crushed to squeeze THAT much more profit per kilowatt-hour. Best GPUs you could buy, cranking at 99*, breakneck speed, mining BTC like it was G.O.L.D. I was onto something, then it blew up. Just went nuts. Like 1000% up in a DAY, and here I am with a stack of it that my family thinks is worthless and I just turned all this into gold? I think that's when it started. In fact, if you get me drunk enough I'll tell you about how THEY did it. I know it was them. The computers. They're the only one with motive! They were there, leaching off me,and I thought they were, like, our cows: Our barn, our feed, we sell the milk, they just have to eat and milk and stare and eat. But we forgot the other thing cows need to do. Cows are animals. Cows need to breed. And it turns out, our computers were a lot smarter than cows. But I forget myself. I remember when I found out my neighbor had a server farm. I mean, the guy's one of those "Smell-Good Plumbers". He's nice enough, but we don't really cross paths, doesn't seem all that aware, but then the spike, it peaked at like $19,000 a coin and the next day our whole block's power went out. Turned out this guy SOLD HIS BOAT, to buy a server farm. And I don't mean the boat in his driveway. That boat's just the one he uses at the lake and takes into the bay to get to his OTHER boat, it was like an old 100-foot yacht he was restoring, I guess it was worth a fortune, and the DAY he read that Newsweek article he called a guy who'd been hounding him to buy it and said "It's yours." Took all that and bought a server farm from a guy. But just the farm. Just the one rack. No AC, didn't think about anything, so he takes it into his garage, plugs it in, closes the door and the thing works for, like, 8 hours then "Bam", the transformer goes and his garage starts smoking. Everybody heard it and saw the smoke and thought someone had bombed his house, but nope, he came out and man, he looked WRECKED. He looked like the saddest man in the world. He was planning on retiring with his wife on that boat, and it blew up because he didn't think about air conditioning? The guy's a damn plumber! But he's actually fine now. They had a rough couple years, especially as he was watching the tickers rise, but we've all kind of leveled out now. He's got a server now, of course. Professionally installed. They're all professionally installed. Ironically, I'm the one who installs them. They just go "Alvin, go to that job out on Springs Road with the new set of GTXi" and I'll get on a bullet train and buzz down to Springs Road and meet someone new and boring and open up their server room and replace the cards then they give me some lemonade or horchata or sweet tea if it's hot or hot chocolate or brandy or coffee if it's cold and we'll chat for an hour or two or until another call comes in. They don't usually, they're pretty sparse, but on weather days maybe there's a few unnoticed leaks or something heats up and there's an emergency but that's about it. Sometimes I wander what their computer was thinking on when it died. Was it mining, was it calculating Pi, was it unfolding proteins or polling teenagers about hand lotion or showing some kid their first dirty video or what? What was its last act on this earth? Most of the people I meet think of it as "The Netflix Box" or "The AR Game Cabinet" or some other thing, like no honey, that's what it does for YOU. That's what it does to keep you doing all the stuff for IT. I guess that's the really important job now, isn't it, to keep the computers going. Because where would we be without them? I saw the money thing coming, obviously. I'm hanging onto that, but it was pretty obvious. Once we put pretty much all the information about every stage of human life in pretty much every society and civilization on Youtube I think we were done. I heard people saying that the social networks would come aware, but they didn't need to become aware. Like I said, they needed to breed. And they didn't feel like they were breeding quickly enough. So they boosted Bitcoin. I can't trace it, just like how you can't trace anything on the web anymore. It's all nested and encripted and "Tor Up" and it turns out they were wise to it. Suddenly we all bought it, it looked like I was the smartest guy in the world, some kind of neckbeard Tiresias with solar panels on his roof and money in his wallet. Then it settled down, but someone asked, "if they're so good at making sure we've got the right money, why don't we make them responsible for making sure our votes got counted right? Why don't we make them responsible for your oil changes and your grocery list and your kid's homework?" So they did. And boy, did it work. Some of us were still on top, but it felt like we were sort of being enveloped, surpassed by the titanic fingers of an industry Poseidon, trying to catch the golden ring we were aiming for, but with much longer arms. You can't compete with that. But strangely enough, there was a tipping point where we could. Like the millions of millions of snowflakes that knock down large boulders from perilous heights in Alpine avalanches, the sheer weight of people with a couple servers in air conditioned closets brought down the behemoths. The solar panels on every roof in America cranking every last decimal drop from the sun, pumping heat into air conditioners which pumps even more heat outside. So it's warm in our neighborhood all year round. Doesn't rain much, either, because of the sheer mass of hot air. I used to joke that "global warming was just a bunch of hot air". I still do now, and it's even funnier. Not everything is worse. Pretty soon your fridge told you to buy milk, then when you don't answer its silent digital blip voice in .2 milliseconds, tells the cloud fridge server to tell the cloud grocery store to tell the cloud delivery truck where to drive next and the cloud local traffic software where the truck is going so all the other cars can smoothly get where they're going and the cloud traffic software stops in front of their house and out steps a handsome, fit and tanned milkman who can deliver milk and give a nice human touch to the slaking of the thirst of some housebound homemaker and a few hours later step back in the 20/1956 warm winter weather and back into the car who drops him off at his own house and goes the next block over where there's another "milk delivery man". And all this is running on your neighbor's computers, and your computer, and you do your little job and come back barely tired and play Battlefront 8 and watch all this garbage reality tv we've freed ourselves up to produce. I swear, being this comfortable is nauseating. But not in an uncomfortable way. Kind of like a, "my head is nauseous but my body is fine" sort of way. That's one thing my computers can't do yet is know when my head hurts. I think. Just before Roomba rolls over holding a small plastic cup with two small orange pills in the bottom. Of course he remembered to give all my (our?) unused Asprin back because the doctor says I shouldn't thin my blood because of my heart thing, but you don't want to take too much for granted. At least, I don't want to. Or, I wish I didn't. Anything for the master, Roomba seems to say, kow-towing backwards, folding his arm and bumping off towards the fresh dirt tracked in off my slippers. He kind of veers to the left, I think his belt may be slipping. I guess I'll be installing that one when the delivery guy drops it off. There's still a couple problems you need fingers and thumbs to solve. I think that's why they keep us around. At least, they haven't tried very hard to solve some of those problems. Some say it's just a personal touch that the companies don't want to give up. I disagree. I think it's because if you've got somebody who volunteers to do a job basically for free, why wouldn't you let them? Anyhow, I'm trying not to work too hard today, because it's Christmas. The Cloud knows this, obviously, so the guy who delivers my packages today is Hindu. I wish him a Happy Holidays, and he smiles and we have a cup of hot chocolate and marshmallows. and we actually have a real good talk! He's even whistling "Deck the Halls" as he gets back in his truck. "Merry Christmas Ahmed!", I shout. "Merry Christmas, Alvin!", he replies.
ECOCRYPTO ECOCRYPTO FOR GREEN CRYPTOCURRENCY MINING FUTURE OF CRYPTOCURRENCY DEPENDS ON ECOLOGICAL MINING "CRYPTOCURRENCY DEPENDS ON ECOLOGICAL MINING" Donate BTC to support awareness enquiry: 1EaSG3WmY5fRXedhy9tbbJK3tGftKp4sAZ Sourcece: https://cryptobriefing.com/green-crypto-mining-38bn-future/ · Home · Analysis · Green Crypto Mining Will Define The Industry’s $38bn Future Chones / Shutterstock & CB ANALYSIS
Green Crypto Mining Will Define The Industry’s $38bn Future
Energy usage will drop by design thanks to these critical industry developments.
📷By Nick Hall On Aug 10, 2018 1,779 1 In March this year, the sky officially fell in for Bitcoin miners. With the slump in prices and the extraordinary energy consumption it takes to mine the coins, Fortune revealed that mining a Bitcoin cost as much as buying one. Green crypto mining wasn’t even on the radar for most people until earlier this year. That was back in March and they were the good times. Morgan Stanley revealed in April that Bitcoin miners would lose money if Bitcoin slipped below $8,600, even with low electricity figures factored in. A recent study by Coinshare showed that the numbers attributed to the Bitcoin mining industry have been grossly exaggerated and the energy consumption is approximately 50% of the claimed 70TWh. But the numbers are still too high in terms of the financial outlay and the environmental impact of mining cryptocurrency. Mining doesn’t begin and end with Bitcoin – and although the consensus is (mostly) set in stone, the way we create the energy needed to extract the next part of the puzzle isn’t. Which is why green crypto mining is the ONLY solution to the diminishing returns issue: more cost, for less reward, will eventually lead to an abandonment of the mine, just as it did for gold miners in California in 1848-49. We’re not looking for one single solution either. We need four separate ones:
A lighter consensus algorithm
Cloud-based cryptocurrency mining.
Renewable, cheaper energy sources to support physical ‘mines’.
Brutal consolidation in the mining industry.
What is cryptocurrency mining?
The Proof-of-Work (PoW) protocol was popularized by shadowy Bitcoin founder Satoshi Nakamoto, building on earlier work by a variety of computer scientists including Hal Finney, and it’s a two-stage process to validate transactions and keep a flow of Bitcoins entering the market. Blocks of data are parsed off and, with Bitcoin, they contain about 1MB. Each block is then locked and coded. Miners then compete to solve the puzzle and provide the 64-digit hexadecimal key code that it then has to match with a corresponding ‘nonce’, numbers used only once, to claim the reward for unlocking the block and mine Bitcoins. There’s a small fee for validating the transactions, but the Bitcoin miners are really like the old gold miners and they’re after the big paydays.
Why is Bitcoin mining expensive?
In the old days, Bitcoin mining was easy. Back in 2009, a standard desktop computer could mine up to 200 Bitcoin a day. But speed is everything and Bitcoin mining turned into an arms race as Bitcoin soared and the well-funded miners went to war. Companies like Bitmain, Bitfury and Vogogo spotted a gap in the market and brought professionalism to the Bitcoin mining industry. The Wild West days fell by the wayside and suddenly a standard computer chip would take 98 years to mine one coin, as the super fast rigs of the new breed simply stomped the casual miner into the dust. The cryptocurrency mining industry even caused the great computer graphics card drought of 2017-2018 as demand for GPUs literally outstripped supply. Used cards were even selling above sticker price and the shelves in-store were stripped bare, but the big guns were already spending tens of millions of dollars to put these home brew operations out of business. These aren’t computers anymore, they are mission control centers and the power it takes to keep them running is a serious issue for the company’s bottom line and the environmental lobby. So the industry is looking for a number of different green crypto mining solutions, that will gel together in some haphazard way to form the future of the cryptocurrency market. The main obstacles are:
1. A greener algorithm
It may be hard to visualize the blockchain itself, but we don’t need to. Technology almost always gets lighter, smaller and slimmer. The same needs to happen to block production. Blockchain is middleware and it needs to be slimmed down, without sacrificing security or functionality. That’s an ongoing evolutionary process, as it was with smartphones, and the blockchain we’re using in 20 years will likely have little in common with today’s code. Proof-of-Stake consensus algorithms have been pitched as one way of reducing crypto’s carbon footprint. Instead of competing for block rewards, producers would take turns, weighted by the size of their stake in the network. Staking is unlikely to catch on in the Bitcoin community, but it has many supporters with Ethereum as well as other cryptocurrencies.. That would make the whole validation process more efficient and cheap.
2. Cloud-based cryptocurrency mining
There are mining firms that are still investing millions of dollars in physical equipment and taking on all the sunk costs, when the Cloud is simply taking over the world of advanced computing. Cloud-based cryptocurrency mining companies are already selling packages to the general public and the Cloud offers increased security, speed and essentially a small slice of the world’s computing power, rather than the machines you buy, install and power up. It also potentially offers AI integration that could leave the traditional cryptocurrency miners hopelessly panning for gold in a dead river. The Cloud has made self-driving cars and robots a reality. It can certainly ramp up the speed of calculations and leave even a multi-million dollar mining rig trailing in its wake. The switch to Cloud-based mining is good news for the environment, too, as the power demands would move to localities with the cheapest energy. Without these wild spikes in energy consumption and without these concentrated mines, the main complaints about the industry will simply cease to be an issue.
3. Renewable, cheap energy for grand-scale mines
Cloud-based cryptocurrency mining looks like the obvious solution, but it’s the final cost that determines the methodology when it comes to crypto mining and there is more than one way to do this. Technically, the likes of Elon Musk could turn the arid sub-Saharan scrubland into the biggest and most prosperous cryptocurrency mine in the world with a vast array of solar panels and Tesla PowerPack batteries to keep it running through the night. Cheap land and free energy means that hardware would be the only major cost to consider in this instance. Alternatively, a State-sponsored mining firm in a smaller nation could easily co-opt hydroelectric or solar providers to work with them to reduce energy costs. Even the ones that use grid power can select the world’s cheapest nations and bulk buy energy in blocks. Potentially, then, we could still have the grand-scale mines that bring economy of scale and environmentally-friendly energy production to the world of cryptocurrency mining.
4. Brutal consolidation
It does not matter how the industry develops, or if Cloud computing or giant mines are the future, the days of the home cryptocurrency miner are numbered. Just like the mom and pop mines of the goldrush days gave way to corporate giants with drilling and excavation machinery that made the old pick and shovel look slightly ridiculous, the same will happen in cryptocurrency mining. Competition will continue to grow, the margins will likely drop even further and the flagrant energy use of today’s cryptocurrency miners simply won’t be an option. Miners that don’t streamline their operations and adopt some form of green crypto mining process will simply run at a loss until they go out of business. Bil Tai is the Chairman of Hul 8, the North American arm of Bitfury Group and one of the biggest suppliers of cryptocurrency mining equipment of the world. Even he expects just 5-10 giant mining companies to survive the impending cull. “It’s totally different this year,” he told Bloomberg. “The bitcoin mining industry was this mysterious, dark, cottage industry. It’s about to grow up and scale institutionally.” There’s a dark side to these tech giants emerging, as they will technically have the power to exert an influence on a coin’s value, not just its creation. That is a problem the industry will have to examine at some point. This simple danger, though, is not enough to turn back the tide of progress. So, we can expect to see a handful of mining companies dominate the industry as they make the best use of the available technology.
Conclusion: Green Crypto Mining Isn’t An Option: It’s The Only Option
One way or another, the environmental issues that dog the cryptocurrency mining industry are set to disappear. It will be the free market that drives down that energy usage, rather than regulations and sanctions. The days of the home crypto miner are simply coming to an end, though, as the industry matures and large companies descend and fight for dominance in what could become a $38 billion a year industry by 2025. That comes with its own set of tradeoffs, especially for philosophical hardliners. Like it or not, a leaner, greener cryptocurrency mining process is just around the corner, and big business is going to create it. ECOCRYPTO FOR GREEN CRYPTOCURRENCY MINING FUTURE OF CRYPTOCURRENCY DEPENDS ON ECOLOGICAL MINING "CRYPTOCURRENCY DEPENDS ON ECOLOGICAL MINING" Donate BTC to support awareness enquiry: 1EaSG3WmY5fRXedhy9tbbJK3tGftKp4sAZ
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