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Litecoin news and discussion

This subreddit exists to openly discuss [Litecoin](https://litecoin.org). Read the [comparison](http://litecoin.info/Comparison_between_Litecoin_and_Bitcoin) between Litecoin and Bitcoin.
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Stuck and bored at home? An online, virtual bitcoin mining game where you compete against your friends to earn real bitcoins.

Greetings! Since i like gaming and crypto AND i have to stay at home, i started to play RC game. It's like management game, you create your characteavatar, build up your room with racks, PC, tv, couch etc. buy miners and play minigames to gain mining power. You can mine BTC, ETH, DOGE and you can withdraw your mined btc to your own wallet. It's a great way to deal with a boredom and earn some crypto at the same time. Minigames are easy enought to be enjoyable.
It's a virtual bitcoin mining game where you compete against your friends to earn real bitcoins. It takes the concept of bitcoin mining, but instead of the sophisticated Blockchain and processing algorithms, RollerCoin lets you test your skills, complete missions, undertake tasks, and play games to earn real bitcoins.
If you are interested, please use my link, you get starting bonus (i suggsest you to buy your first miner rack)
Basically, we have cut out the hard stuff and kept the amusement. Build and develop your own mining data center, make upgrades and tweaks to boost your mining power and compete with friends. No real-world set-up, no hassle - just sign up, log in, customize your character, and you’re ready to go.
submitted by novemb10 to beermoneyglobal [link] [comments]

Сryptominingfarm – VIrtual Bitcoin Mining! Earn revenue day by day with Guaranteed Profit

Сryptominingfarm – VIrtual Bitcoin Mining! Earn revenue day by day with Guaranteed Profit submitted by ososru to Bitcoin4free [link] [comments]

Сryptominingfarm – VIrtual Bitcoin Mining! Earn revenue day by day with Guaranteed Profit

Сryptominingfarm – VIrtual Bitcoin Mining! Earn revenue day by day with Guaranteed Profit submitted by Rufflenator to 3bitcoins [link] [comments]

Buying MKR is like buying virtual bitcoin mining equipment

I think investing in bitcoin mining hardware is a good analogy for buying MKR when the system is live, and I'll summarize how they compare.
A bitcoin miner is a tool you buy for a bulk sum up front, and then by doing some work (Maintenance and providing electricity) you can use it to generate income (in the form of bitcoin trickling into your wallet).
MKR is similar in that it is a product you buy for a sum of money up front, and then by doing work (performing MKR research and governance) you can generate income with it (in the form of MKR price steadily increasing over time from buy&burn).
When you first want to buy a bitcoin miner, you need to carefully analyze the current bitcoin difficulty and compare it to the amount of hashrate you will get from your miner. This is like watching the MKR price and determining when a good time to buy in is. Buying a miner right before there is a huge difficulty increase is like buying MKR at a top right before a correction in the price. This means that even though both assets ostensibly provide a predictable return on their investment, you can still easily end up making the wrong move and be at a net loss.
After you've bought your miner, you need to continously maintain and monitor it and provide it with electricity. If you fail to properly maintain your miner it could run into errors that make it temporarily stop mining, or even worse it could just break outright and be beyond repair, losing you your entire investment. This is similar to the responsibility you have after you have bought MKR - you need to constantly monitor the health of the dai credit system and whether the governance process is currently adhering to the scientific consensus on best risk parameters (as well as whether the scientific consensus currently is trustworthy). If you fail to predict a major market event, you could lose a significant portion of your investment. In extreme cases you could lose all of your money in an instant if Maker is grossly mismanaged.
And finally, to finish the analogy to include the MKR that currently exists on Ethereum - MKR today is like dormant bitcoin mining hardware that won't work until it has been upgraded with a remote software update (the deployment of the dai credit system). It is possible that the software update will never even get made (analogous to the maker development effort failing and being abandoned), or that it immediately bricks your miner when it is released (analogous to maker suffering a catastrophic failure at launch). In either case you have no guarantee of profits, and are taking a big risk that is contingent on your own due diligence and direct involvement in the project. There is also no legal recourse, because all you bought was a piece of "virtual hardware" (the MKR token), not rights to the software (there is no legal ownership of the dai credit system code, as it is an open source and decentralized project with no contributors bound by contract).
If that last paragraph made you really nervous, ill offer some words of comfort: The Maker development team is a highly skilled team of the best solidity developers from all over the world, who have received large amounts of MKR to ensure their continued incentive to be involved in the project. They have been very competent at taking every precaution from the start, and have always focused on security and best practices without any room for compromise. Maker getting unexpectedly hacked is not impossible to rule out, but it would have to be by an elite hacker the like of which the world has never seen before.
At the same time I am working on some defensive governance strategies that will maximize the probability of success during the early stages of the dai credit system, and even allow us to recover from massive crash events or getting pwned by a hacker. The key is to keep the outstanding dai very small in comparison to the total MKR market cap during the early stages of the system. Only after years of battle testing and continuous hardening should we allow dai to scale in the way it has the potential to do - it will require patience and vigilance and a strong, coherent and well coordinated community, but if we succeed at this, and prove that we are able to keep the dai credit system operational and efficient without catastrophic failure, we may see dai spread across the planet as the world reserve currency of the 21st century.
submitted by Rune4444 to MakerDAO [link] [comments]

Referral Links • CryptoMiningFarm - Virtual Bitcoin Mining

submitted by btcforumbot to BtcForum [link] [comments]

Referral Links • CryptoMiningFarm - Virtual Bitcoin Mining

submitted by btcforumbot to BtcForum [link] [comments]

Virtual Bitcoin Mining Is a Real-World Environmental Disaster

Virtual Bitcoin Mining Is a Real-World Environmental Disaster submitted by picu to environment [link] [comments]

Virtual Bitcoin Mining Is a Real-World Environmental Disaster

submitted by vegiimite to Economics [link] [comments]

Virtual Bitcoin Mining Is a Real-World Environmental Disaster

Virtual Bitcoin Mining Is a Real-World Environmental Disaster submitted by Lorgramoth to EnoughLibertarianSpam [link] [comments]

Virtual Bitcoin mining is using the same power as 31,000 homes at the moment.

Virtual Bitcoin mining is using the same power as 31,000 homes at the moment. submitted by btcpedia to Bitcoin [link] [comments]

Virtual Bitcoin Mining Is a Real-World Environmental Disaster

Virtual Bitcoin Mining Is a Real-World Environmental Disaster submitted by flamby68 to stopbitcoin [link] [comments]

Bitcoin mentioned around Reddit: Buying MKR is like buying virtual bitcoin mining equipment /r/MakerDAO

Bitcoin mentioned around Reddit: Buying MKR is like buying virtual bitcoin mining equipment /MakerDAO submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Virtual Bitcoin Mining Is a Real-World Environmental Disaster | Bloomberg

Highlight:
Blockchain.info, a site that tracks data on Bitcoin mining, estimates that in just the last 24 hours, miners used about $147,000 of electricity just to run their hardware, assuming an average price of 15 cents per kilowatt hour (a little higher than the U.S. average, lower than some high cost areas like California) . . . as virtual value is created, real-world value is used up. About 982 megawatt hours a day, to be exact. That’s enough to power roughly 31,000 U.S. homes, or about half a Large Hadron Collider.
submitted by ErisianBuddhist to Bitcoin [link] [comments]

Bitcoin mentioned around Reddit: Buying MKR is like buying virtual bitcoin mining equipment /r/MakerDAO

Bitcoin mentioned around Reddit: Buying MKR is like buying virtual bitcoin mining equipment /MakerDAO submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Virtual Bitcoin Mining Is a Real-World Environmental Disaster

submitted by JimmyHavok to news [link] [comments]

CloudHashing - Yearly Virtual Bitcoin Mining Contracts

CloudHashing - Yearly Virtual Bitcoin Mining Contracts submitted by jdebunt to Bitcoin [link] [comments]

Owning Bitcoin is like owning equity in a virtual whole-life insurance policy, a bank, data storage provider, gold mining/energy company, networking company, a casino, a credit union, a money market, and a communications company all rolled into one.

Fully backed by the full faith and credit of its users... and the most secure back-office automated accounting system of all time.
Rating: Buy
submitted by the420chronicler to Bitcoin [link] [comments]

Sign up for RollerCoin and earn BITCOIN by playing games!

Link: https://rollercoin.com/?r=k0wty0xf
RollerCoin is an online, virtual bitcoin mining game where you compete against your friends to earn real bitcoins. It takes the concept of bitcoin mining, but instead of the sophisticated Blockchain and processing algorithms, RollerCoin lets you test your skills, complete missions, undertake tasks, and play games to earn real bitcoins.
submitted by MateoKingler to referralcodes [link] [comments]

Sign up for RollerCoin and earn BTC by playing games!

Link: https://rollercoin.com/?r=k0wty0xf
RollerCoin is an online, virtual bitcoin mining game where you compete against your friends to earn real bitcoins. It takes the concept of bitcoin mining, but instead of the sophisticated Blockchain and processing algorithms, RollerCoin lets you test your skills, complete missions, undertake tasks, and play games to earn real bitcoins.
submitted by MateoKingler to beercoins [link] [comments]

Play Rollercoin to earn real bitcoins!

RollerCoin is an online, virtual bitcoin mining game where you compete against your friends to earn real bitcoins. It takes the concept of bitcoin mining, but instead of the sophisticated Blockchain and processing algorithms, RollerCoin lets you test your skills, complete missions, undertake tasks, and play games to earn real bitcoins.
submitted by Void_berg to Bitcoin4free [link] [comments]

Virtual meetup on Bitcoin Mining!

Virtual meetup on Bitcoin Mining!

https://preview.redd.it/zep84q7ihpn51.png?width=3000&format=png&auto=webp&s=842e03a5ea09b69bef4debe5bf8f2eeac9d521d0
Join us for Bar on The Block webinar on Thursday, Oct 8th to learn more about the recent market overview of Bitcoin mining!

About this Event

In this webinar, we'll talk about the challenges and opportunities of Bitcoin mining, key issues facing the mining sector, its effective and stable policies, and new insights on the vital role Bitcoin mining plays for the Blockchain sphere.
In collaboration with Cryptocurrency Mining Group, Iconic Holding brings blockchain entrepreneurs, industry experts, and innovators together to discuss the latest market developments and trends, share their expertise about the latest important topics, and explore synergies together!
TOPIC: BITCOIN MINING. MARKET OVERVIEW
SPEAKER PROFILES
• Dan Held, Growth Lead at Kraken Digital Asset Exchange
• Mike Colyer, CEO of Foundry digital
• Denis Rusinovich, Managing Director at DDH Digital & Founder Cryptocurrency Mining Group
MODERATOR
• Patrick Lowry, CEO, Iconic Holding
AGENDA:
ET 12:00-12:40 Introduction and Panel Discussion
ET 12:40-13:00 Q&A
CET 18:00-18:40 Introduction and Panel Discussion
CET 18:40- 19:00 Q&A
Register today and you will receive a confirmation email containing information about joining the webinar!
We’ve created the Iconic Bar On The Block Webinar series to help people stay up-to-date on the latest market trends! We hope you will be able to join us in our webinar sessions and we look forward to meeting you at our local networking events at a later stage!
For more events, webinars, webcasts, and fintech-related content follow us on LinkedIn, Twitter, and Facebook, and check our latest episodes of ''Blockchat with Pat'' on Iconic’s Youtube channel.
submitted by IconicLab to altcoin_news [link] [comments]

Owning Bitcoin is like owning equity in a virtual whole-life insurance policy, a bank, data storage provider, gold mining/energy company, networking company, a casino, a credit union, a money market, and a communications company all rolled into one. (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

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Bitcoin Mining ► Wie funktioniert das? ARD (2017)

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