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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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WooTz
post Jun 10 2017, 10:54 AM


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NEO

An excellent presentation of NEO (formally known as AntShares)



Official site

http://neo.org/

Read the whitepaper

https://github.com/AntShares/AntShares/wiki/Whitepaper-1.1

Be sure to join the subreddit and slack channel for latest developments translated to English by the awesome community.

https://www.reddit.com/r/Antshares/

https://antshares-slack.herokuapp.com/

NEO and GAS

Total coin cap for both NEO and GAS is 100,000,000. Half of the NEO cap are locked for the dev team, which they'll withdraw 15% each year for marketing, development, and partnerships. The rest has already been distributed for ICO investors. You cannot mine these coins.

NEO can only exist in round numbers and can't be divided, while GAS can be divisible.

By holding NEO in your own wallet, you get to claim GAS at every block generated, which occurs once every 15 secs.

NEO represents ownership of the entire network, it's used to elect bookkeeping nodes to validate transactions, vote on governance proposals and the right to claim GAS at each block.

GAS is very similar to ETH, which is used for transactions and contract execution on the network.

Here's what you can expect to claim on the first year if you presently hold 1000 NEO, note that the GAS reward will reduce each year, from 8 in first year, to 7 in second year and so on.

1000/100,000,000 = 0.00001 x 8 GAS per block x 5760 (blocks a day) = 0.4608 GAS a day

Ethereum

Brief Introduction
» Click to show Spoiler - click again to hide... «


How to best participate in ICOs (with parity node)

Download link
https://github.com/paritytech/parity/releases



Here in this video, the example shown is referring to the past Aragon token sale, however the format are all similar for future token sales.

You'll need:

- the contract address from the official ICO site/email, (NEVER trust 3rd party links/addresses)

- the starting block number of the ICO, in our experience with the past BAT ICO, you can and should send it 1-2 blocks earlier to be among the very first to contribute in a frenzy sale.

- sufficient gas limit to participate, not to be confused with gas price. Be sure to confirm this on their slack channel/reddit/twitter if it isn't shown on their site

- if you wish, feel free to tweak the gas price higher depending on how kiasu you want to be in the ICO. higher fees means faster confirmations

For every ETH sent to an ICO contract, you'll receive equivalent amounts of tokens according to their exchange rates, most of the time it's instant, but that depends on how they structure the sale.

Ethereum Name Service

Hate copy and pasting addresses or scanning QR code?
Wish you could send ETH and tokens just by typing in their names like Alice.eth? Well now you can!

credit goes to /u/kainzilla

https://reddit.com/r/ethereum/comments/6clv...me_and_setting/

A friendly reminder to take crypto security seriously

credit goes to /u/insomniasexx

» Click to show Spoiler - click again to hide... «


Create an offline PC environment for your Ether paper wallets
» Click to show Spoiler - click again to hide... «


Noteworthy links to catch up on Ethereum news

https://www.reddit.com/r/ethereum/
- orange links are official releases from the core devs, also used to highlight important announcements.
- mainly focus on the technology and adoption aspect of Ethereum, price discussions aren't allowed here.
- core dev meetings are regularly held on the first and third Fridays of each month, there'll be livestream links and transcripts are provided a few days afterwards.
- Pay attention to the upvote count for submissions, anything over 200 upvotes deserves a read.

https://www.reddit.com/r/ethtrader/
- Daily discussion threads are highly active and spammy, sort by top comments to filter out the noise and gain some cool and interesting insights from redditors.
- Ignore the memes if you can, it's unavoidable when the price spikes to such level.
- Pay attention to the upvote count for submissions/news links, anything over 200 upvotes deserves a read.

https://www.reddit.com/r/ethtraderpro/
- secondary subreddit by ETH veterans, handy to skip through junk comments as the place will be moderated.
- all thread/comments deserves a read, ignore upvote counts.

http://www.weekinethereum.com/
- If you haven't subscribed to this weekly newsletter, do it now.
- Covers almost everything that's related to Ethereum, and it's all free.
- Spend some time going through all the interviews, they're all fascinating to read/watch.

http://www.tokensalecalendar.com
- from the same author of week in Ethereum, ICO date tracker

https://timesofethereum.com/
- Ethereum developments/token sales on a handy calendar

https://www.smithandcrown.com/icos/
- ICO tracker, includes non-Ethereum ones as well
- Please read, listen, and watch as much as you can, do tons of research before putting any money on these ventures, 9/10 of these WILL fail, but 1 of them will definitely make you rich. Tread carefully

https://www.meetup.com/Ethereum-Singapore/
Willing to travel to Singapore? You might get a chance to talk to Vitalik in person! Plenty of cool meetups are regularly held.

Crypto podcast links
Read the show notes to pick your favorite topics if you find these overwhelming. Perfect to listen during daily commute

http://thebitcoinpodcast.com/
https://epicenter.tv/
https://soundcloud.com/consensys
http://unchained.forbes.libsynpro.com/
http://thecryptoshow.com/soundcloud/
https://letstalkbitcoin.com/blog/category/episodes
https://etherreview.info/tagged/podcast

This post has been edited by WooTz: Jul 1 2017, 10:03 PM
WooTz
post Jun 12 2017, 10:51 AM


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Love his accent, love his simple explanation on crypto stuffs, highly recommend to subscribe.



I'll add on a few points on why Ether (ETH) is valuable despite being permanently uncapped.

- Proof of Stake algorithm for public blockchain security. The more people use it, the more we need to secure it from malicious actors, thus ETH is being used to incentivize and to punish validators.

- autonomous programs and its exponential growth, the largest users of Ethereum will not be humans, and their wallets will be in the billions if we have unlimited scalability.

- Initial Coin Offering, ICOs bootstrapping the entire ecosystem by creating new opportunities and locking up ETH on its way.

- Prism exchange, each Prism created is backed by ETH, with more demand to speculate on the overall crypto market, expect more ETH gets locked up.

- Used as collateral for stablecoins and smart token platforms by Maker and Bancor respectively, same reason as above.

- Used to bid for Ethereum Name Service, if you want to obtain vanity names, you'll have to lock up ETH

- Will be used to incentivize data storage in SWARM, currently at PoC (proof of concept) 3, you'll be rewarded with tiny bits of ETH for hosting a full node and storing all of Ethereum's data.

Should I include such info into the guide? This gets repeated quite often

This post has been edited by WooTz: Jun 12 2017, 10:58 AM
WooTz
post Jun 12 2017, 12:45 PM


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QUOTE(PrincZe @ Jun 12 2017, 11:59 AM)
in ROI % wise, i think it's great to convert to ETH. BTC is moving upscale, probably slower.

but for ETH, as few forumer pointed out, could reach up to 500 USD? *Current price 348 USD
*
Our ETH veterans are saying $1000 this year if everything goes well.

For me I'm being conservative, $600 by New Year's Eve.
WooTz
post Jun 12 2017, 04:19 PM


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QUOTE(zamans98 @ Jun 12 2017, 01:36 PM)
at current BTC price ~3000

3 cards setup. Cost/profit wise. max watt 600w
Daily income, exclude TNB bill
GPU are of higher end in their class, standard OC

GTX 1060 - Ubiq/Eth $14
GTX 1070 - Hush/Ubiq $20
GTX 1080 - VTC/Mona $22
RX570 - Ubiq/ETH $15
RX580 - Ubiq/Eth $15
1 card setup. Cost/profit wise. max watt 400
Daily income, exclude TNB bill
GPU are of higher end in their class, standard OC

GTX 1060 - Ubiq/Eth $4.9
GTX 1070 - Hush/Ubiq $6.7
GTX 1080 - VTC/Mona $7.5
RX570 - Ubiq/ETH $5
RX580 - Ubiq/Eth $5.1
*
The recent Bits Be Trippin video showcased a single 1080ti build doing 37Mh/s while drawing only 205W

With cryptocompare calculation, it'll mint 0.025 ETH every day.

Not too shabby considering my gaming rig is slowly paying itself off.

QUOTE(zamans98 @ Jun 12 2017, 02:09 PM)
Why wait, u believe Vega will reach here in next 2 months?
And while waiting, u lose potential income. This is not correct business.
U buy 1070, then sell it for Vega.
*
Yeah that's what I thought too, now is the time to start. Every day matters now.

This post has been edited by WooTz: Jun 12 2017, 04:31 PM
WooTz
post Jun 12 2017, 04:22 PM


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QUOTE(GabanGadget @ Jun 12 2017, 04:20 PM)
Why cloud mining if u can setup own hardware and ROI within 6 months and after that all free money (minus tnb bill)? I'm not investor or minor just curious.
*
Exactly. RIP my 0.8 BTC and Bnk2future's US$390,000 dumb portfolio, they won't be missed.

Caveat emptor to all cloud miners, and I'll leave it at that.

This post has been edited by WooTz: Jun 12 2017, 04:22 PM
WooTz
post Jun 12 2017, 04:28 PM


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QUOTE(thesnake @ Jun 12 2017, 04:23 PM)
i also just started today. RM 12K but considered as an investment biggrin.gif
*
That 12k also can order a kickass Ryzen 7 with 1080ti set up and it'll be free after a year plus.

Trust me, only genesis owner gets the cut
WooTz
post Jun 12 2017, 04:39 PM


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QUOTE(thesnake @ Jun 12 2017, 04:34 PM)
good point, but also need to consider electricity costs as well.
*
After deducting electricity brother, and hodl those ETH until next year.

Don't want later cry zero payout from Genesis, cause that exactly what'll happen.

We're here to be rich, not helping cloud mining owners get rich.
WooTz
post Jun 12 2017, 05:12 PM


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QUOTE(mois @ Jun 12 2017, 04:45 PM)
You mean you last time lost 0.8BTC and usd390k to cloud mining?
*
QUOTE(thesnake @ Jun 12 2017, 04:50 PM)
i believe after looking at so many scams in the world today, the risk is very real. i am prepared to lose my investments, something that you always need to keep in mind
*
QUOTE(raynman @ Jun 12 2017, 04:51 PM)
No worries, my friend.

I have done due diligence and research on these two companies way before I invest in them.  smile.gif
*
QUOTE(blueblueoutofblue @ Jun 12 2017, 04:53 PM)
i think is cloud mining right? not genesis mining?
*
Story time folks.

Last year January in 2016, a few things happened.

We had a contentious scaling event with Bitcoin, Bitcoin Classic was among one of the solution to address it.

I poured money setting up Classic full nodes, and looked at genesis mining, they mentioned they'll support Bitcoin classic!

I was like great! Let me buy some hashpower to help!

Deposited 0.8 BTC with full intention of not seeing anything back. Then at feb 2016 they 180 degrees on Classic and that was that.

The daily payout only lasted 4 months, and no, forget about getting half of my coins back.

It was like 0.001......0.00001.......0.00000001......then nothing

Poof, bye bye 0.8 BTC

Then I diversified some money, like US$4000 into bnktothefuture, their plan very straightforward.

1/3 goes to cloud mining (haha reality haven't hit back then)

1/3 goes to hodling Bitcoin

1/3 goes to buying up a bunch of Bitcoin related companies

Same story, 0.0001.....0.00001......0.000001 and poof

Only Bitcoin core holding and some shares went up big time, barely covering that $390,000 fcuk up


Any more questions?
WooTz
post Jun 12 2017, 05:21 PM


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QUOTE(jack2 @ Jun 12 2017, 05:15 PM)
is genesis-mining.com?
*
The very same.

QUOTE(wengherng @ Jun 12 2017, 05:17 PM)
I must have misunderstood somewhere.
How did your 0.8 BTC and USD 4000 end up becoming a USD 390,000 loss?
*
0.8 BTC was my donation money, I was prepared for the loss. Just didn't think it'll be that quick.

US$390,000 was part of the Bitcoin capital fund I joined back then, had I skipped doing so and went all in ETH....

muahahaha....
WooTz
post Jun 12 2017, 05:57 PM


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Settle down Ether, you're scaring even myself.

I was expecting my next condo purchase by June next year, not next month
WooTz
post Jun 12 2017, 06:14 PM


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QUOTE(mois @ Jun 12 2017, 06:12 PM)
How many units bought since 2 month ago?
*
lol you're talking houses or ETH?

Just one for now.

Damn, this is definition of unbelievable.


WooTz
post Jun 12 2017, 06:15 PM


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QUOTE(wengherng @ Jun 12 2017, 06:15 PM)
Damn it, Ether, I said two days, not two hours...!!!
*
One condo today or 3 condos next year.

Hmmm
WooTz
post Jun 12 2017, 06:28 PM


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$420 blaze it on GDAX

/r/ethtrader daily is melting down as usual.

Hahahaha

*slaps myself just to be sure*
WooTz
post Jun 12 2017, 09:01 PM


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QUOTE(rickyro @ Jun 12 2017, 08:10 PM)
Just bought 40 ETH... Hopefully it can go up in these couple of days
*
Hypothetical scenario.

The price is now $250, what will you do? Buy more or sell?



QUOTE(TheReaderReads @ Jun 12 2017, 08:19 PM)
do I need to be of concern storing all my ETH in MEW?

I am starting to dread if one day MEW shuts down and along with it my ETH disappears

WooTz
*
like I said, MEW is an interface, what matters is your private keys being secure.

MEW can shut down tonight and you should be able to carry on.
WooTz
post Jun 12 2017, 09:09 PM


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QUOTE(luotang @ Jun 12 2017, 09:03 PM)
Thanks for sharing. Don't think going to involve in cloud mining then.

Bitcoin related companies? Means?
*
the portfolio includes, Bitcache (megaupload guy), Kraken, Bitfinex, bitso, bitpay, credible friends and exodus

shapeshift is by far the best pick, I remember they were so tiny just a year ago, shares doubled along with bitfinex and bitpay tripled

This post has been edited by WooTz: Jun 12 2017, 09:10 PM
WooTz
post Jun 12 2017, 09:30 PM


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https://slacknation.github.io/medium/017/

30 minute till the bancor sale

I'd say this one will last for 10 minutes
WooTz
post Jun 12 2017, 09:46 PM


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QUOTE(jack2 @ Jun 12 2017, 09:40 PM)
Will you?
*
I will
WooTz
post Jun 12 2017, 09:54 PM


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QUOTE(yk8 @ Jun 12 2017, 09:52 PM)
at the end people will keep btc , because btc limited supply , but eth unlimited supply ,
*
yeah check first page at the bottom please, ETH will still be a store of value
WooTz
post Jun 12 2017, 10:06 PM


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as expected MEW took one for the team

This post has been edited by WooTz: Jun 12 2017, 10:06 PM
WooTz
post Jun 12 2017, 10:11 PM


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QUOTE(PrincZe @ Jun 12 2017, 10:10 PM)
any pics
*
https://slacknation.github.io/medium/017/

https://etherscan.io/address/0xBbc79794599b...4004087cBf89710

ICO mania in progress

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