Just a reminder that Genesis Mining is a total scam. Nobody should ‘invest’ with them.

There isn't a single 'investor' who has ever received a break-even ROI. This is a fact. Everybody who has ever given them money has ended up with less than they gave.

If the price shoots up, sure it feels like you're making gains. But the reality is that if you gave any crypto to Genesis, you will only ever get a fraction of your original crypto back. Not even 100% of the initial investment, let alone profit.

It is a clear ponzi. This company's operational costs are obviously in fiat. They rent IT spaces in various countries, buy servers and graphics cards and netwoking equipment, pay salaries, advertising, travel, etc.

So they're taking all your money in bitcoin and then what? Converting it to Fiat so that they can mine bitcoin again?

Marco Streng is a liar and a fraud.

submitted by /u/ElGuapissimo
[link] [comments]
Bitcoin – The Currency of the Internet

At the moment, 37.7% of bitcoin transaction are segwit and they are only paying 14% of total fees. Switch to a segwit enabled wallet now and help the network scale while paying less for transactions.

submitted by /u/Adolffuckler
[link] [comments]
Bitcoin – The Currency of the Internet

17 Mln Of Total 21 Mln Bitcoins Now Mined In Milestone For Digital Scarcity

In a round million milestone, 17 mln bitcoins (BTC) have now been mined as of today, April 26, according to data from statoshi.info. Because of Bitcoin's supply cap of 21 mln, this means that only 4 mln Bitcoin, or about 19 percent, remain to be mined. The last time the number of Bitcoin mined hit a round …
Google Alert – bitcoin

Total Crypto Market Cap Back Over $500 Bln, Bitcoin Pushes $11K

After a relatively low start to the month in the crypto market, the total market cap of all cryptocurrencies has again broken $ 500 bln today, Feb. 17, according to CoinMarketCap. The total market cap is currently around $ 502 bln at press time. Bitcoin (BTC) has stayed well above the $ 10,000 mark, currently …
Google Alert – bitcoin

Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post.

This video series is available with a community and some assignments on Coursera. For extra creddit the professors wrote a book to go with the course. Free pre-release pdf, Amazon hardcover and digital, as well as Chinese, and Japanese translations.

Enjoy 🙂

Intro to Crypto and Cryptocurrencies

1.0 Welcome – 2 mins
1.1 Cryptographic Hash Functions – 18 mins
1.2 Hash Pointers and Data Structures – 8 mins
1.3 Digital Signatures – 9 mins
1.4 Public Keys as Identities – 5 mins
1.5 A Simple Cryptocurrency – 14 mins

How Bitcoin Achieves Decentralization

2.1 Centralization vs. Decentralization – 4 mins
2.2 Distributed Conesensus – 13 mins
2.3 Consensus Without Identity: the Blockchain – 17 mins
2.4 Incentives and Proof of Work – 19 mins
2.5 Putting It All Together – 18 mins

Mechanics of Bitcoin

3.1 Bitcoin Transactions – 11 mins
3.2 Bitcoin Scripts – 15 mins
3.3 Applications of Bitcoin Scripts – 14 mins
3.4 Bitcoin Blocks – 5 mins
3.5 The Bitcoin Network – 18 mins
3.6 Limitations & Improvements – 11 mins

How to Store and Use Bitcoin

4.1 How to Store and Use Bitcoins – 6 mins
4.2 Hot and Cold Storage – 13 mins
4.3 Splitting and Sharing Keys – 11 mins
4.4 Online Wallets and Exchanges – 19 mins
4.5 Payment Services – 8 mins
4.6 Transaction Fees – 5 mins
4.7 Currency Exchange Markets – 16 mins

Bitcoin Mining

5.1 The Task of Bitcoin Miners – 10 mins
5.2 Mining Hardware – 23 mins
5.3 Energy Consumption & Ecology – 14 mins
5.4 Mining Pools – 14 mins
5.5 Mining Incentives and Strategies – 23 mins

Bitcoin and Anonymity

6.1 Anonymity Basics – 26 mins
6.2 How to De-anonymize Bitcoin – 18 mins
6.3 Mixing – 21 mins
6.4 Decentralized Mixing – 14 mins
6.5 Zerocoin and Zerocash – 19 mins
6.6 Tor and the Silk Road – 11 mins

Community, Politics, and Regulation

7.1 Consensus in Bitcoin – 6 mins
7.2 Bitcoin Core Software – 10 mins
7.3 Stakeholders: Who's in Charge – 9 mins
7.4 Roots of Bitcoin – 9 mins
7.5 Governments Notice Bitcoin – 9 mins
7.6 Anti Money-Laundering – 5 mins
7.7 Regulation – 11 mins
7.8 New York's BitLicense Proposal – 10 mins

Alternative Mining Puzzles

8.1 Essential Puzzle Requirements – 5 mins
8.2 ASIC Resistant Puzzles – 13 mins
8.3 Proof-of-useful-work – 9 mins
8.4 Nonoutsourceable Puzzles – 7
8.5 Proof-of-Stake "Virtual Mining" – 8 mins

Bitcoin as a Platform

9.1 Bitcoin as an Append-Only Log – 16 mins
9.2 Bitcoin as Smart Property – 16 mins
9.3 Secure Multi-Party Lotteries in Bitcoin – 10 mins
9.4 Bitcoin as Randomness Source – 18 mins
9.5 Prediction Markets & Real-World Data Feeds – 23 mins

Altcoins and the Cryptocurrency Ecosystem

10.1 Short History of Altcoins – 21 mins
10.2 Interaction Between Bitcoin and Altcoins – 15 mins
10.3 Lifecycle of an Altcoin – 15 mins
10.4 Bitcoin-Backed Altcoins, "Side Chains" – 11 mins

The Fututre of Bitcoin?

11.1 The Blockchain as a Vehicle for Decentralization – 14 mins
11.2 Routes to Blockchain Integration – 28 mins
11.3 What Can We Decentralize? – 24 mins
11.4 When is Decentralization a Good Idea? – 16 mins

submitted by /u/ccjunkiemonkey
[link] [comments]
Bitcoin – The Currency of the Internet

Total Supply of Tethers Increases By 20% in One Week (news.bitcoin.com)

The controversy surrounding the correlation between the release of new Tethers (USDT) and dramatic price spikes led by Bitfinex trading continues. 20 million new USDT were released shortly before a single market buy of approximately $ 13.5 million USD worth of bitcoin was executed on the 8th of November. The sudden spike in buying pressure quickly drove the price of bitcoin from $ 7075 to $ 7350 in less than 60 minutes. Since then, an additional 20 million USDT have been released into

Bitcoin