“Opportunities (Let’s Make Lots of Money)” is a song by UK duo Pet Shop Boys, released as a single in 1985 and then in 1986, gaining greater popularity in both the United Kingdom and United States with its second release, reaching number 11 in the UK Singles Chart and number 10 in the US Billboard Hot 100.
The song’s indirect attack on its subject matter has come to exemplify the Pet Shop Boys as ironists in their songwriting.
Archive | February, 2018
pool mining explained
NiceHash is a Slovenian cryptocurrency cloud mining marketplace that connects sellers of hashing power (miners) with buyers of hashing power. The company was founded by Marko Kobal and Matjaž Škorjanc in 2014. Their headquarters are based in Ljubljana, Slovenia.
Buyers rent computing (hashing) power through NiceHash’s online platform. Sellers provide hashing power by connecting to the NiceHash marketplace with NiceHash’s own mining software.
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The bitcoin network is a peer-to-peer payment network that operates over a cryptographic protocol. Users receive and send bitcoins, the units of currency, by broadcasting digitally signed messages to the network using bitcoin cryptocurrency wallet software. Transactions are recorded into a distributed, replicated public database known as the blockchain, with consensus attained by a proof-of-work system called mining. Satoshi Nakamoto, the designer of bitcoin claimed that design and coding of bitcoin begun in 2007. The project premiered in ’09 2009 as open source software.
The network requires minimal structure to talk about transactions. An random decentralized network of volunteers is enough. Messages are broadcast over a best effort basis, and nodes can leave and rejoin the network at will. Upon reconnection, a node downloads and verifies new blocks from other nodes to complete its local copy of the blockchain.
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Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power. This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. The mining rigs are housed and maintained in a facility owned by mining company and the customer simply needs to register and purchase mining contracts or shares. Since Cloud Mining is provided as a service there is generally some cost and this can result in lower returns for the miner.
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The following are forks of the software client for the Bitcoin network:
Bitcoin XT
Bitcoin Classic
Bitcoin Unlimited
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CEX.IO is a cryptocurrency exchange and former Bitcoin cloud mining provider. As an online digital currency exchanger, CEX.IO offers trading cryptocurrency for fiat money, such as USD, EUR, GBP and RUB. The exchange charges 0% to 0.2% commission on trade operations, according to the Maker-Taker fee schedule.The list of cryptocurrencies introduced on the platform includes Bitcoin, Ether, Ripple, XLM, Bitcoin Cash, Dash, Zcash, and Bitcoin Gold.
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Bitcoin Core is the reference implementation of bitcoin. Initially, the software was published by Satoshi Nakamoto under the name Bitcoin, and later renamed to Bitcoin Core to distinguish it from the network. For this reason, it is also known as the Satoshi client. It is the reference implementation for bitcoin nodes, which form the bitcoin network. As of 2018, Bitcoin Core repositories are maintained by a team of maintainers, with Wladimir J. van der Laan leading the release process.
The MIT Digital Currency Initiative funds some of the development of Bitcoin Core. The project also maintains the cryptography library libsecp256k1.
btcc
BTCS, Inc. (also called Bitcoin Shop, Inc.) is a publicly traded company based in the US, whose stated line of business is development of applications related to blockchain databases and digital currencies.
In April 2015, according to company releases, its shares were valued at 0.30 USD or more. In July 2016, the price had dropped to 0.001 USD.In August 2017 It was reported that BTCS has signed a non-binding letter of intent with Blockchain Global Limited.
On 28 April 2015 BTC announced that it signed a letter of intent (LOI) to a merge with Spondoolies Tech, an Israeli mining hardware manufacturer. The merger initiative comes only two weeks after BTCs closed financing of US$2.3 million, where it sold 7,708,342 units of shares to two hedge fund managers who have chosen to remain anonymous, along with and 17 other investors. On 19 May 2015 BTC announced it has invested US$1.5M into Israeli digital currency server manufacturer Spondoolies-Tech, as the first step of their planned merger.
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GHash.IO is a bitcoin mining pool having operated from 2013 and allowed bitcoins to mine using personal hardware or cloud-based mining power. In October, 2016, GHash.IO pool has been closed. At the moment, the team behind former GHash.IO pool offer enterprise mining solutions upon request.
The collective value of the bitcoin mined in this pool was over $200 million in its first year. GHash.IO worked in conjunction with CEX.IO bitcoin exchange. Apart from mining bitcoin, GHash.IO hosted a Multipool for mining altcoins, as well as separate pools for mining Litecoin, Dogecoin, Auroracoin and Darkcoin. Altcoin mining options were available for independent miners, while bitcoin mining could also be done in the cloud by purchasing cloud-based mining power on CEX.IO Exchange.
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Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities. The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin. Over the course of bitcoin’s history, it has undergone rapid growth to become a significant currency both on and offline – from the mid 2010s onward, some businesses on a global scale began accepting bitcoins in addition to fiat currencies.
