Yes, You Can Mine Cryptocurrency on Your Raspberry Pi ...

RPi3 Mining [UPDATE]

I made a post yesterday about mining with the RPI3 [Here], I stated that it was getting 20 H/s. While at the time this was true. It must have been because it was new. I plugged it in for 5 minutes to get the numbers again just now and it's around 6 H/s.
Here is the proof: https://imgur.com/a/zRhDp
I used raspbian stretch for the OS and xmrig to mine monero. After a little bit, the RPi3 got very hot, you can see that in the image in the grey square where it says 100%. It's the CPU usage monitor, which I usually see mine running at around 1%-10% between idle and normal usage.
It's a simple install to get it up and running. The only problem I found was remembering to sudo -i and cd into the proper folder (build) and then I could run xmrig without getting an error. I still don't know how to change the config folder so I can just have 1 rather than 4 threads running.
Based on this and plugging this into Cryptocompare , (I have free electricity) I would be making 0.001560 XMR a day, roughly 50 cents a month, and 5.70 USD a year. Not much.
I next want to take on making a raspberry pi mircocluster. With my RPi3 as the controller and 4 RPi0's as the nodes. I am currently downloading the software to make it and flashing the sd cards, just waiting for the RPi0's to come in the mail, along with the cluster hat.
I was also thinking of making a RPi3 miner that can mine in a pool and if your feeling lucky, you flip a switch and the RPi3 solo mines for that current block.
A short bit about me, I know nothing about computers, I know nothing about cryptocurrency(and I still understand that I'm not going to make a profit!). If you ran into me on the street, this stuff would be the last thing I would talk about, I'm more into the gym/fitness. I figured I would expand my mind into something I probably wouldn't like. But I am enjoying all of this! I have bought into XMR,BTC, and Raiblocks.
What got me into this was reading about bitcoin a few years ago, I messed around with faucets and got 30$, I heard about bitcoin on the news again and I was able to get back into my wallet which was then 200$. I used that money to buy into XMR,BTC, and Raiblocks.
Ill keep posting my findings and projects I'm looking into next! I would like to see more people posting projects, I enjoy seeing people helping each other on here and what others are doing.
Thanks!
submitted by Boatsmhoes to CryptoCurrency [link] [comments]

DADI - All-In-One Thread

DADI - All-In-One Thread

DADI: Decentralized Architecture for a Democratic Internet

For a FULL list of DADI updates, including those to the DADI d'Apps, see here: https://dadi.cloud/en/updates/

What is DADI?

DADI: Decentralized Architecture for a Democratic Internet
DADI Official Video
DADI is built on the Ethereum Blockchain using an ERC-20 token allowing the use of smart contracts and thus improving transparency. Think of the DADI network as seen in the likes of more centralised Amazon Web Services, Google Cloud and Microsoft Azure but on a decentralised cloud infrastructure supported by the contributors of the network (masternodes). The DADI network will be widely distributed on which will be an increasingly large number of nodes which are location aware and located at the edge of the network, this increases efficiency and also helps to prevent a single point of failure. DADIs decentralised cloud platform focuses on currently 11 web services (see below) which will feature in the DADI marketplace as intelligent apps.
One way of thinking about this is that the DADI nodes are on a side chain running the DADI software. Contributors stake (PoS) their DADI tokens on the ETH network to secure a node within the DADI network. The node uses Proof of Work (PoW) and Proof of Availability (PoA) to reward contributors with DADI tokens. More information on this in the Masternode section of this post. This means anyone with a device, laptop, phone, home router (a smart device with an internet connection) will be able to earn income by providing spare compute.
DADI is extremely secure and resistant to common attacks such as DDOS and Brute Force and also prevents malicious data entering the network making all of the web services much safer from malicious attack.
DADI has been in development for over 5+ years (yes, 5 years!) and already providing services to some of their top tier clients. These customers will slowly be moved across to mainnet over time.

DADI works with a few large media corporations
  • Virgin Limited
  • Monocle
  • Empire
  • What Car?
  • Grazia
  • Mojo
  • heat
  • Kerrang
  • + many others

DADI Technology Partner Programme

Gain access to DADI tools, training and support along with other benefits by joining the DADI Technology Partner Programme.

DADI Services

The DADI services are broken into a set of micro services within the DADI dApp marketplace and provide the necessary solutions to meet business requirements. They are currently being brought on to the network in a staged and development track.
DADI CDN - Network Ready
DADI CDN is the first product to launch on the DADI network and is currently live on mainnet.
What is CDN?
A Content Delivery Network (CDN) or Content Distribution Network (CDN). DADI facilitates the seamless delivery of image, audio and video assets for digital products accessed across a range of devices in multiple contexts. CDN's deliver content to end users via nodes deployed in multiple locations.
This allows to reduce bandwidth costs, improve end user experience and increase availability of content. With DADI being able to distribute these nodes in a decentralised manner, nodes are likely to be located much closer to the end user.
Here is the DADI CDN sandbox environment for some of the features: https://docs.dadi.cloud/sandbox/dadi-cdn
...10 other services are being built and on the development roadmap.
DADI Store -Q3 2018
DADI Store - A cloud storage solution for all types of data, with built-in security, privacy and redundancy.
DADI API - Q4 2018
DADI API - A high-performance RESTful API layer designed in support of API-first development and the principles of COPE.
DADI API Wrapper - This library is for interacting with DADI API and provides a high-level abstraction of the REST architecture style, exposing a set of chainable methods that allow developers to compose complex read and write operations using a simplistic and natural syntax.
DADI Publish - Q1 2019
DADI Publish – A writer’s window to the world of content creation. Flexible interfaces designed to optimize editorial workflow.
DADI Web - Q2 2019
DADI Web – A schemaless templating layer that can work standalone or with DADI API.
DADI Identity - Q3 2019
DADI Identity - Guarantees uniqueness of individuals — and powers segmentation — for anonymous and known users.
DADI Track - Q3 2019+
DADI Track - A real-time, streaming data layer providing accurate metrics at individual and product level.
DADI Visualize - Q3 2019+
DADI Visualize - A data visualization interface for Identity and Track, capable of taking data feeds from virtually any source.
DADI Predict - Q3 2019+
DADI Predict - A machine-learning layer that predicts user behavior at an individual level based on past interactions.
DADI Match - Q3 2019+
DADI Match - A taxonomic framework for automated content classification through machine learning, which plugs into Publish.
DADI Queue - Q3 2019+
DADI Queue - A lightweight queue processing system powered by Redis, featuring simple task routing and throttling.
...as well as the dApps we also have:
DADI CLI
DADI CLI - DADI CLI is a command-line tool to help with the installation and customisation of the various products of the DADI platform.

Tutorials

DADI Tutorials - Step-by-step guides and practical examples of our technology written by the DADI team.

Official Sources – Get to know the community.

DADI Website
DADI Telegram The community in the Telegram is the most active, but the admins and team will often visit all forms of social media.
DADI Telegram Announcements
DADI Discord
DADI Github
DADI Twitter
DADI Medium
DADI Youtube
DADI Coinmarketcap
DADI Careers
DADI Facebook
DADI investfeed
DADI Blockfolio Signal - Get the app here look out for DADI updates in the Signal feed.
DADI Delta App - Get the app here look out for DADI updates in the Signal feed.

Unofficial Sources

DADI Telegram 'Price talk'
DADI Twitter Bot (DADI Rank)
This is the communities chat talking price action amongst other things.

DADI Foundation

DADI Foundation
DADI Foundation The Foundation was established in January 2017. It has it's own board and it's own CEO. While it benefits from the network and was setup by the founders of DADI, it is independent, with it's own articles and governance.
· DADI AMA - DADI Foundation with Jennifer Martin-Nye, CEO - July 6th
DADI Foundation Social Media:
DADI Foundation - Twitter
DADI Foundation - LinkedIn
DADI Foundation - Instagram
Contact DADI Foundation:
[DADI Foundation - Contact Us](mailto:[email protected])

Roadmap – Where is DADI Heading?

So far DADI have accomplished all targets on time even releasing DADI Mainnet 2 days early.
DADI Roadmap

DADI Team – Who is in the team?

Starting at around 18 members, DADI has grown to around 30. The team decided to remove the office environment and work remotely to promote a better life/work balance.
Due to the size of the team and the information they have presented it is best to read here:
DADI Team
Have a read here about the remote working setup: https://dadi.cloud/en/culture/

DADI Tokenomics – How does the token work?

DADI tokens are an integral part of the DADI Platform. Consumers will be charged tokens for their usage of DADI Web Services. An exchange will be built into front end interfaces, allowing consumers to purchase services in their currency of choice.
Make sure you give the tokenomics doc a read:
DADI Official Tokenomics Documentation (available in 10 languages including: English/Korean/Chinese/German and Russian)
DADI Token
DADI Token is an ERC-20 token which can be stored in wallets such as MEW.
· Ethplorer: https://ethplorer.io/address/0xfb2f26f266fb2805a387230f2aa0a331b4d96fba
· Symbol: DADI
· Contract: 0xFb2f26F266Fb2805a387230f2aa0a331b4d96Fba
· Decimals: 18
· Total Supply: 100,000,000 (The creation of DADI tokens will be a one time event. The Token Creation event is the only time that these tokens can be created, and therefore the total supply of DADI tokens is fixed.)
ICO Prices:
ICO Presale: $0.40
ICO Public Sale: $0.50
ICO Amount raised: $29,000,000

DADI Account - Click the link for Preview

DADI is developing its own 'Account' page which will be fully securable with 2FA. DADI also decided to merge the DADI wallet into the account section.
The account section will be used for multiple reasons such as:
  • Holding DADI tokens
  • Managing Devices/Nodes
  • Increasing barrier for entry with a simple UI
  • DADI Contract management
  • Direct FIAT conversion
  • Consumer facing management functionality
DADI Account Page

Exchanges – Where can I buy (or sell)?

DADI has secured some of the top exchanges, including FIAT pairings\*.
· OKEX
· Bitfinex*
· Ethfinex*
· KuCoin
· HitBTC
· Cobinhood
· CoinFalcon
· Gate.io
· IDEX
· WandX
· London Block Exchange (LBX)* - This will be a future listing including a DADI-GBP pairing for the UK. See partnerships below.

Masternodes and Requirements

DADI Official Documentation
DADI masternodes are built on a 3 tier system to perform different functions required for the network. There are three key nodes within the DADI Network: Stargates, Gateways and Hosts. Availability of running certain nodes comes due to network requirements. As the demand increases so will the required amount of masternodes.
INITIAL On-Boarding of Masternodes:
The first wave of nodes will consist of the DADI Founding Node.
This includes the onboarding of c.500 Hosts, c.15 Gateways and c.2 Stargates during Q3 and Q4. These figures are designed to provide enough capacity for early network demand and are subject to change.

Masternode ROI

Note: A calculator to work this out is in development.
A common question is in regards to the ROI of the nodes. The expected returns are shown in the document linked above, but to further understand potential ROI you must first understand how the network rewards contributors.
DADI consumers purchase DADI services via a currency of their choice and this is then converted in real time to the DADI token. This revenue generated is then split between 3 bodies: Nodes, the Ecosystem fund and the DADI Foundation.
Revenue Distribution
The masternodes work on 3 different models:
  1. Proof of Work + Consensus
  2. Proof of Stake
  3. Proof of Availability
The more work your node does (the monitored requests and traffic to your node), with the amount staked (which is limited to avoid centralisation and additional nodes would be required beyond a certain point) and how available your node is on the network (its uptime) determines its reward payout. The larger masternodes (the Stargate especially) require a high uptime and may be penalised if downtime is not during a maintenance window, the hosts do not have such a heavy requirement.
So as a result, the consumers purchase services through DADI, the revenue is then distributed at 85% to all masternodes based on the results of the nodes Proof of Work, Proof of Stake and Proof of Availability a payout is performed monthly.
The PoS requirement is reviewed per quarter and may be lower as the network grows to allow more nodes to be onboarded.

Masternode Setup

DADI nodes are currently in staged on-boarding until the network is publicly available, this will be known as Constellation and is due Q4 2018/Q1 2019.
The masternode setup will be made to be simple and allow for maintenance windows when downtime is required such as hardware changes, update schedules or other.
You will also be able to monitor performance of your DADI nodes from your account.
Here is a sneak peak of the setup window:
Setup Screen (preview)

Masternode Types

DADI Stargate

· Purpose: Stargates provide the domain name system that makes Gateway/Host resources addressable. They are responsible for the secure running of the network. They monitor resources and control the payout contract.
· 500k DADI tokens
· Restricted availability
· Voting rights
Minimum specification:
High bandwidth: 1 Gbit/s+
High availability: 99.9999%
CPU: 2x quad-core+ @ 2.80GHz+
RAM: 128GB RAM+
Disk: 2TB SSD+
Stargates are intended for high-connectivity environments: think data centers and high bandwidth office environments, and are designed to be single, powerful machines rather than a cluster of smaller, less powerful machines.
DADI Stargate - specs below
For example this Stargate specs are as follows:
· 32x Xeon E3 1260L v5 Quad-Core @ 2.9GHz, 8Mb Cache
· 1.2TB RAM
· 2TB SSD raid
Plus room to expand that 10x per node as requirements grow.

DADI Gateway

· Purpose: Gateways are network node owners who contribute bandwidth. They are the entry point to the network, acting as an aggregate point for Host node capacity.
· 50k DADI tokens
· Limited availability
· Top 25% of nodes have voting rights
Minimum specification:
High bandwidth: 250 Mbit/s+
High availability: 99%
CPU: 1x quad-core+ @ 2.5GHz+
RAM: 64GB RAM+
Disk: 1TB SSD+

DADI Host

DADI Host performs extremely well on a Raspberry Pi 3. It can also be run behind a home router without the need for router configuration.
· Purpose: Hosts are network node owners who contribute computational power. DADI Web Services run in a container service within a secure enclave on Host environments.
· 5K DADI tokens
· No node limits
· Top 5% of nodes have voting rights
Minimum specification:
High bandwidth: 15 Mbit/s+
High availability: 20%+
CPU: 1x quad-core 1.2 GHZ+
RAM: 1GB RAM+
Disk: 50GB HDD+

Masternode Hosting

https://www.wirehive.com/masternode-hosting/ (Details by DADI team to be confirmed)

Partnerships – So who works with DADI?

Wirehive
Wirehive delivers expert infrastructure consultancy and support for a broad portfolio of clients including Vodafone, Honda and ITV — and it will be offering DADI’s network as a decentralized alternative to AWS, Microsoft Azure and Google Cloud.
NetWise
Netwise, a leading provider of server colocation and data centre services.
Netwise offers private facilities in London and throughout Europe, designed and built entirely in-house, and delivers end-user content on a national and international scale. It is also a pioneer in green colocation solutions, offering highly-efficient rack space powered by 100% renewable energy — an issue of equal importance to the DADI team.
Agorai
DADI is developing a marketplace proposition - a containerised service for approved partners that enables the running of third party software within the DADI network.
Agorai are working with DADI to deploy their technology in to the marketplace. They are also likely to use DADI API and Store for key components in their setup.
INDX
INDX are working with the DADI marketplace: an open container that is designed to run third party software. Specifically, DADI are working together with INDX to explore the potential for running their masternode setup within the DADI network. They are currently running in AWS.
blond
Blond creates contemporary products, spaces and digital experiences for a diverse range of brands, including Sony, LG, Revolut and Rapha. Blond are working on designs for dedicated DADI nodes. Think smart speakers and smart fridges (as one of the devs commented: DADI Cool) as well as other devices. One potential use case would be nodes that do not require staking, but would offset their own carbon emissions (more info to come on this).
The founding node design:
DADI x blond - Founding Node
Verasity
DADI have integrated Verasity’s VeraPlayer with the DADI network. Verasity’s video toolkit (vDaf) allows existing online video services to access the benefits of blockchain technology.
DADI and Verasity in Times Sq.
London Block Exchange (LBX)
London Block Exchange (LBX) will be providing a fiat on/off ramp for customers of the DADI network and DADI making available its dApps including API, Web and CDN for use on the LBX ICO website. During its upcoming ICO in August, LBX will also make use of three key dApps from within the DADI marketplaceDADI API, DADI Weband DADI CDN. These applications will deliver optimal performance during the LBX ICO, plus the company is exploring the use of DADI technology for its exchange environments. This will also include a DADI-GBP pairing for the folks in the UK.

FAQ

Will DADI move to its own blockchain?
There are no plans to do this. There is also no mainnet swap.
Can I keep DADI Tokens on my Ledger or Trezor?
Yes, DADI is an ERC-20 token which can integrate with MEW.
What is the utility of the DADI token?
The DADI token is used by the consumers of the DADI web services to pay for requests on the network, regardless of whether they pay in another form of currency.
How does the Fiat on-ramp work? What is the Fiat on-ramp?
Individuals and businesses can pay for DADI services using fiat if they want to. This does not change the fact that our services are paid for in DADI: it simply means that there there will be a small real-time exchange in place on dadi.cloud, removing the barrier to entry that a purely crypto based payments solution would pose. It's no different in concept to a business heading to OKEx, buying tokens and then paying in DADI, other than it is faster and that it provides the experience that the majority of our potential consumer base expects at this point in time. Of course you will be able to buy our services in Bitcoin, Ethereum, Nano and many other currencies besides.
The amount of nodes compared to the amount of coins does not add up?
As consumer demand for the technology increases, the size of the network will need to increase. To support growth in capacity the requirement of POS will be reduced. The token value is the second factor that will be monitored and factored in to POS requirements. Some nodes will be allowed a limited increase for proof of stake without allowing for centralisation.
Can a Masternode be run on a VPS?
While running within VPS will not give you the same performance as running on bare metal, it will still be possible, yes.
As the ETH network is used for reputation management and accounting purposes we understand congestion is not a huge concern, but what point could it become a problem and what is the plan B?
The level of congestion required for this be an issue is huge - existential threat to Ethereum level.
DADI will monitor performance, but do not expect this to be an issue. If it ever was however, of course DADI would look to alternatives.

AMA – All those questions that have been asked, answered.

The DADI team currently run an AMA fortnightly. The AMA is run over 3 platforms, Reddit/Discord/Telegram. All questions and answers are posted throughout. The AMA posts below have the clearest history of the questions asked.
· DADI AMA – The first AMA - 18th May 2018
· DADI AMA – Masternodes - June 1st 2018
· DADI AMA - 15th June 2018
· DADI AMA - Mainnet - 29th June 2018
· DADI AMA - DADI Foundation with Jennifer Martin-Nye, CEO - July 6th 2018
· DADI AMA - Tech AMA with DADI VP of tech James Lambie and Principal Engineer for the DADI network Arthur Mingard - July 20th 2018
· DADI AMA - Founding Node and DADI Store - August 10th 2018
· DADI AMA - Founding Node and Onboarding Process - Friday 07th September, 2018
· DADI AMA - September 21, 2018
· DADI AMA - October 6, 2018
· DADI AMA - October 26, 2018

In the Press – Where’s muh marketing?

The DADI marketing team have been hard at work with a large focus on adoption and real world use cases. See here some of the articles where DADI have been mentioned:
· Tech Digest - Six transformative ICO-funded companies which are definitely worth watching
· Global Coin Report - The decentralized architecture for a democratic internet
· Forbes - DADI: Firm Announces Node Giveaway Following Decentralised Internet Launch
· Cointelegraph - Decentralized Cloud Platform Launches Mainnet in Challenge to ‘Big Four’ Market Leaders
· Cloudcomputing - A datacentre with no centre
· Forbes - 5 Start-ups hoping to rebuild the internet
· City AM - London Blockchain startup building a new internet
· CBR Online - Big DADI Launch: This Startup Wants to Democratise the Data Centre
· The Blockchain - Who’s the DADI? UK Blockchain Startup Takes Cloud Services Fight to Amazon and Google
· INC - This Foundation Is Rewriting the Internet
· Computer Weekly - UK tech startup wants businesses to share their surplus compute capacity to run its cloud
· IT Pro Portal - British start-up launches 'new internet'
· Business Cloud - BIG BRANDS SIGN UP TO 'INTERNET OF FUTURE'
· Codavel - Can Blockchain CDNs be the next big thing?
· Cryptoiscoming.com - Sleeping Giant of Crypto
· TheBitcoinest - The DADI Network Goes Mainstream, Rolling Out Node Giveaway
· thenextweb.com - This blockchain-based company got $30 million to build a ‘new internet’

I am not part of the DADI team, and this information provided is from my own research. Links to sources have been provided where possible.
submitted by __Dragon__ to DADI [link] [comments]

Log of AMA with Skycoin

boldninja Let's all give a warm welcome to @synth from SkyCoin.net and for taking the time to do this AMA
synth *hello
mike Hi Synth
jakethepanda Hey @synth
thrice.pi Hey synth
dr10 Hi
boldninja I think we can start - you guys know the drill. Give him some time to respond (no more than 2-3 questions on backlog so he can catch up)
dr10 How would you - shortly & in easy words - sum-up the advantages of SkyCoin to magazines and non-crypto people?
mgaruccio Can you explain a bit about the mesh net? Is it just an mpls network between nodes or is there something deeper going on?
michaelthecryptoguy Whassup @synth
tranzer hi synth. I have a question - are those coins that are not in circulation in any cold wallets since only a portion is currently available according to CMC? What would you say is the 1 unique feature that Skycoin has?
synth It is very difficult, because Skycoin is a very large project and already has +6 years of development. Different parts of the project have different objectives.
The cryto, coin part is about solving the problems with the existing consensus algorithms. Being able to do +300 transactions a second, transactions in seconds instead of minutes (faster than credit cards), eliminating miners, eliminating block rewards (eliminating inflation) and eliminating 51% attack and the other problems with mining.
then there are other repos and experimental projects under github.com/skycoin such as a meshnet and distributed VPN prototype, where people will be paid coins for forwarding traffic. Also prototypes of distributed social media application, with peer to peer data replication and different experimental projects. Research into immutable data structures for next generation internet. Some of them are very radical.
dr10 How does the Network consensus algorithm Obelisk work and differ from widely known algorithms like Proof of Work and Proof of Stake?
mgaruccio So how much exists today? Could I build an app on the platform if I wanted to?
mike In terms of the rate of progress, what is currently your greatest limiting factor - like funding, manpower, currently available technology?
synth
Can you explain a bit about the mesh net? Is it just an mpls network between nodes or is there something deeper going on?
It is not actually a meshnet. It is software defined networking, it is much more powerful than just meshnet. Its a new type of networking and new completely new protocol and networking namespace, independent of the existing internet.
It supports source routing, while the existing internet does hot potato routing, so never achieves optimal latencies.
It supports multi-homing, which IPv6 does not (Which is critical for when we have gigabit or terabit networking and multi-redundant bandwidth paths)
It has default oppurunistic crypto, both link layer and end to end; so everything is encrypted by default, unlike the current internet.
It has store and forward networking and will operate in Africa or even under conditions where latencies are in the minutes or hours and packet loss is excessive. Where existing protocols cannot operate reliability. It is much more robust than IPv4/IPv6 or TCP/ip
It has improved privacy. If a packet takes a route that is 10 hops, each hop only knows the previous node in the route and the next node in the route. It is not like IPv4 where each packet gives the source and destination. The privacy level is something that does not exist on the current internet.
IP addresses are replaced by public key and no one can read traffic to a destination, without knowing the private key of the public key that identifies the destination. The system does not need 3rd parties or certificate authorities. The design is a revolution.
are those coins that are not in circulation in any cold wallets since only a portion is currently available according to CMC?
The coins are locked into 100 addresses, each with 1 million coins each. And they are released sequentially.
There is a complicated locking procedure and releasing new coins requires unamious consent and a shared secret among a group of developers. Anyone in the shared secret group can block distribution of more coins (to stop the problem that killed NXT). So by design the coins were supposed to be difficult to distribut, there had to be a good reason or justification before a distribution would be approved.
mike What are the hardware requirements to operate a wireless Skywire (the name for the protocol described above) Node?
arc-over-water nxt i think is doing ok..
synth
How does the Network consensus algorithm Obelisk work and differ from widely known algorithms like Proof of Work and Proof of Stake?
PoS and PoW use miners. Miners receive new coins every block as a block reward. So miners are making money and will fight to control the network. An everyone will suffer because the newly created coins represent inflation.
Skycoin was designed to eliminate mining and eliminate the inflation. No block rewards, no new coins. And we needed to develop a new consensus algorithm to do that and there are only a few methods that work, for these constraints. The consensus algorithm is based upon Ben-Or's randomization procedure for achieving consensus in a distributed system, with some improvements for detecting adversarial or malicious nodes who are trying to prevent the consensus process.
There are white papers on skycoin.net about the specifics. I would call it "network consensus" and it uses a sort of Web of Trust (WoT), where if the people creating blocks are doing a bad job or attacking the network, then the community can get rid of them. At the same time, the people who control the network, do not have any real power to attack the network except by slowing down transactions and being annoying, so even if they become malicious the only issue is how to get rid of them and select new people.
mike Any idea when Skywire will be released and ready to test on hardware nodes (testnet or mainnet)?
mgaruccio So if there is no block reward what is the incentive to run a node?
vega What will be the actual function of Skycoin (the coin itself)? Will the coin be used as currency, as transfer of value in and between all these various developing functionalities, semi-separate projects to tie them all together or it's function will be more limited?
michaelthecryptoguy Do you have an idea on the specs of a node that would be required? In the beginning? What about with 10,000 users? (edited)
synth
nxt i think is doing ok..
There were three people that each owned 30% of the coin. One decided he wanted out and began dumping. NXT was over 150 million I think. When he started dumping, it basicly killed NXT.
Skycoin's distribution was designed to stop dumping by the founders and early people.
After Skycoin gets to 30% of the total coins distributed, there will probably a hard time lock on the remaining coins, so that a maximum of 5% of the remaining coins can be released per year. So the distribution for the other 70% of the coins will take a minimum of 14 years (and could be longer).
We cannot even sell the rest of the coins, because if we sold 10% of the total now at $5 per coin, it would be 50 million or something and we cannot spend or even use that amount of money. Not at this stage.
Ethereum spent 30 million or 70 million in their first year or two after the ICO and then nearly went bankrupt. Silicon Valley wages and offices etc. We have been very conservative and have kept costs down and kept them responsible. Now we have coins like EOS and they want to raise a billion dollars and have not produced anything yet, do not hav a blockchain and I have no idea what they would spend that money on, but they are throwing $350,000 parties in time square for marketing/PR etc...
arc-over-water what prevents you from selling? anybody can spend that amount of money?
nxt is a newer platform than sky, market value is $220 million plus $166 million, I get what you are saying but the evidence is wrong. Community is huge and active in Nxt. But you say it is killed, i dont get it?
synth
What will be the actual function of Skycoin (the coin itself)? Will the coin be used as currency, as transfer of value in and between all these various developing functionalities, semi-separate projects to tie them all together or it's function will be more limited?
Yes. Bitcoin has no purpose. An altcoin does two things - check your balance - send money to other people
Two features - check balance - send
For a coin to have value, people need to be forced to buy it to consume specific services. There has to be stuff for people to spend the coin on, that there is demand for.
So Bitcoin is really just a purely speculative asset. It generates no cashflow and its value is determined by perception or social convention.
Ideally, Skycoin would start off as a "better Bitcoin" (faster, more secure, new algorithm, simplier, etc), then over time we would build up an ecosystem and have some type of backing and tie the coin's value into the network and usebase.
The mesh netork (skywire) is good, because it gives something for people to do to get coins and it allows people to consume the coins. You can run your internet traffic through a VPN that tunnels over Skywire and maybe it will be a nominal amount (actually absurdly small amount of money), but there would be real economic activity and a real userbase and community using the coin. Not just speculation.
Later on the scope is much wider.
arc-over-water So the skycoin wallet will be a VPN for our internet usage?
synth
nxt is a newer platform than sky, market value is $220 million plus $166 million, I get what you are saying but the evidence is wrong. Community is huge and active in Nxt. But you say it is killed, i dont get it?
What I am saying, is that NXT would be a lot further along than it is now and probably around where Ethereum is, except for that mistake in the distribution and keeping it too concentrated. It set them back by years. They did not consider what the impact on the price would be, over the long term, when one of the early whales started selling off or decided he wanted out.
arc-over-water But they did the same again with IOTA, same lead dev.. Its over a $Billion
they released and let the market price distribute
synth
So the skycoin wallet will be a VPN for our internet usage?
The VPN is just one application, that uses bandwidth over Skywire. There are several things in development.
This is a BBS like 4chan, that is completely distributed, with CXO. https://github.com/skycoin/bbs
It will run over Skywire also, This is like building a whole new internet from scratch. The apps that run on it are going to specialized and privacy focused, etc GitHub skycoin/bbs Contribute to bbs development by creating an account on GitHub.
mike So Skycoin is a Proof of Resource coin where its value is actually backed by provision of a useful service, in this case private and secure networking? Are there plans to add decentralized storage and even distributed processing to it?
arc-over-water so these 100 separate million coin accounts will be 100 ICOs or how is the distribution patterned? is it written into the code or up to the devs?
rockyj !calculate
slackbot Custom Response https://docs.google.com/spreadsheets/d/1FGo3FkC3uSWXGHatPQyny2brMWjAIJsHFCR-Lhkl_m0/edit#gid=0
synth
So if there is no block reward what is the incentive to run a node?
running a consensus node does not cost anything. You can run it on a raspberry pi.
The important thing is that if the people doing consensus are doing a bad job, that the community can get rid of them and replace them. The other important thing, is that they can be audited and determined automatically if they are obeying the protocol.
the miners in skycoin are not very powerful and cannot do anything except slow down transactions. They are unable to spend other people's money without their private keys, so the consensus/mining nodes are almost irrelevent. It is not like Bitcoin where the miners can hold the network hostage or act selfishly (driving up the transactions fees for their own personal benefit and delaying any innovations that would improve bitcoin for everyone, etc).
So Skycoin is a Proof of Resource coin where its value is actually backed by provision of a useful service, in this case private and secure networking? Are there plans to add decentralized storage and even distributed processing to it?
We have decentralized storage, which is called CXO. But only the bandwidth is monetized by Skywire. We do not nickle and dime and try to attach a coin cost to every API call. Everything that should be free is free. So its a different philosphy.
On top of CXO we also have distributed social media applications (simmilar to Steemit)
CXO is very similar to IFPS, but simplier and designed for our internal infrastructure and with our crypto standards, instead of being a mismash.
mike Is it possible for Skycoin to choose the best paths and route around bad or slow nodes as damage to the network, in effect reducing their impact on consensus?
looks like you answered the question above while I was typing...
tranzer How many tx/s can skycoin handle? What are block times?
thrice.pi 300 right? ^
arc-over-water on your website it says you will have a NON- Turing complete lisp language?
synth
so these 100 separate million coin accounts will be 100 ICOs or how is the distribution patterned? is it written into the code or up to the devs?
We will have a distribution page, up on the website soon. Its complicated.
Skywire, is designed to pull coins out of circuation, through a sort of tithe on network activity and it does automatic buy backs effectively. So the distribution will actually peak and then decline. But one distribution is from the locked coins, and the locked coins are freed, then circulate, then end up at the foundation (from the skywire tithe are pulled out of circulation), but still count towards the free float.
The coin holders also receive a coinhour dividend and there will be a market rate conversion between coin hours and Skycoins and coinhours are the actual currency for the Skywire network. If you do not have enough coin hours, then you sell Skycoin for CoinHour at the market rate, to purchase bandwidth; but if you have a lot of coins then you have enough coin hours for downloading movies or VPN or whatever you are doing and it is essentially free.
So there is a dual level economic structure. Both with coin buybacks to pull coins out of circulation and with a dividend or incentive to encourage users to hold the coin if they are using the network.
arc-over-water so there will be two currencies, holding one reserves the other
synth
Is it possible for Skycoin to choose the best paths and route around bad or slow nodes as damage to the network
Yes. This is very important.
The person dialing a connection, chooses the path of the connection!
You can choose the lowest latency path for video games or Skype, and choose highest throughput paths for video downloads etc. Or can choose paths through specific nodes or facilities or countries, for security concerns and to minimize the number of points that the traffic could be intercepted at.
mike Will Skycoin still have the node subsidy plan for setting up and registering the mesh nodes like originally planned?
dr10 When do you plan to be able to present your planned technology and services to the masses? When can they use what you try do accomplish?
synth
on your website it says you will have a NON- Turing complete lisp language?
That is probably an error. LOL. We will have a new website soon.
There is no scripting language on the skycoin blockchain. Each transaction is constant time (for efficiency and security and to achieve the highest transaction rate and to keep the coin simple).
However, we have a language called CX in development, which is a next generation language that is beyond "smart contracts" and the toy things on ethereum. It uses immutable datastructures and is something completely new. Most of the skycoin "smart contracts" will probably be off blockchain or in personal blockchains and we do not want to shove all the data onto the main chain, because forcing everyone to download everyone one elses contracts it the world is just spamming the blockchain to death. There are better ways to do it.
Will Skycoin still have the node subsidy plan for setting up and registering the mesh nodes like originally planned?
Yes. We are going to get from 20% to 30% distributno of the coins, through network incentives for people running Skywire nodes, consensus nodes and services.
I think this is going to be massive for marketing. And it is the best way to get the coins out to the users, instead of all the coins being held by whales
samuelvihollandia I read how you suggest Skycoin could be used for VPN connections, is this the largest use case you see?
arc-over-water Maidsafe has been working on the redesign of the net for about ten years, what are you doing the same and what different?
synth
I read how you suggest Skycoin could be used for VPN connections, is this the largest use case you see?
No. This is just something easy, that we have working. Its not the largest applicatoin at all.
80% of internet traffic right now is bitorrent and the bitorrent sites are being systematically shutdown and driven off the internet. They wont go away, but will jut go underground. What.cd (largest music tracker, with 800k people) was just shut down, bakabt (largest anime tracker) has gone closed registration, Nyantorrent etc...
User communities of millions of people will be migrating from the clearnet (the existing corporate shit-net) to the "new internet". We are going to see people migrating by the millions, whole user communities of millions of people.
arc-over-water Are you a corporation or foundation or charity? Registered? I am not sure i have seen anything about who you are? What is the dev team size? Background? - Maidsafe is open and clear so is IOTA and Stellar etc. Can you let us know who you and your team are? Especially you are talking about 15 year and up obligations..
techbytes Do we need to hold skycoin to run Skywire nodes or consensus nodes like masternodes from other coins?
synth
Maidsafe has been working on the redesign of the net for about ten years, what are you doing the same and what different?
Maidsafe is in version 2 or 3. Maidsafe will not have a real coin until version 9. Each version takes them about two or three years. Maidsafe will not be "done" or ready for atleast 18 years at this rate.
Skycoin has been in development for ~6 years and the meshnet for 4 years and it will be finished in a few months. To the poin that people can start using it.
Skycoin is similar to maidsafe in the objective, but has a different approach and architecture and primitives. We did not try to do everything, but focused on a smaller, tractable core and got that done.
There will be multiple projects in this space, but few teams are able to plan on the time horizon necisary for building a new internet or able to design each of the components of a system this large, or figure out how to do it so that it is useful at each stage of construction of a project that may take a decade. (edited)
mike Can you see a way for Ark and Skycoin to build on each other in a synergistic manner? I'm all for not reinventing the wheel, especially when it looks like it will be replaced with antigravity like Skycoin.
I see Skycoin as essentially replacing TCP/IP and providing mesh network type functionality at the hardware level, Ark would run on top of it as a top level application layer.
arc-over-water are you up to date on Maidsafe, they are nearly out of Alpha and its more like release early next year? But that being said, Maidsafe says once it is released it is like a virus or AI type, so does Tau Chain, and also Autonomic by HunterMinerCrafter, are we heading towards AI with Maid, Sky Tau and Autonomic?
dr10 smartbridge now! :kappa:
mike So Skycoin would act as a sort of global decentralized cloud server to build on top of.
To communicate, it is more like sharing encrypted files to selected recipients than it is sending messages or hosting sites on a specific server.
synth
Are you a corporation or foundation or charity? Registered? I am not sure i have seen anything about who you are? What is the dev team size? Background?
I think there are over ~60 people who have worked on Skycoin or have made major contributions. Its really a project from the darknet.
Many of the contributors are anonymous. Some of them have security clearances and were in the military industrial complex and one of them worked at the San Diego Naval Defence Research Lab and a lot of the idea for the networking protocols came out of public sector academic researched, funded from there.
We also have a lot of very very early Bitcoin people, hardcore crypto people that predate Bitcoin and an Ethereum core developer, etc..
On the Chinese side we have an early investor in Alibaba and telecom investor. And are doing pilot with china aviation group (owns four publicly traded airline companies) and apparently now Sinopec (which is 2nd largest publicly traded corporation in world).
Then we have people who are part of israeli and US intelligence and are probably doing some sort of money laundering or phychological operations background, who just showed up for some reason. This group seems very interested in the "applications" of these coins and how to improve tranaction privacy and the specifics of the CoinJoin protocol implementation. We got a lot of advice from people experienced in forensic accounting and what they wanted to see and where they felt Bitcoin was deficient and where it leaked metadata.
Then a bunch of PHD level people doing research into distributed database consensus algorithms and another group doing programming language research.
Then a lot of people from the deep darknet, anon, frog twitter and cipher punks and bitorrent communities. (really should be listed as two seperate groups). And people from the Russian darknet community. We have like eight Ivans. (edited)
I see Skycoin as essentially replacing TCP/IP and providing mesh network type functionality at the hardware level, Ark would run on top of it as a top level application layer.
Yes. The key functionality is two things - connecting to people by public key (networking) - distributing self validating, immutble data peer to peer (transactions, blocks etc... content addressible storage)
And you can build almost anything on those two building blocks. The whole internet will eventually be rewritten on top of those primitives and it will replace many of the existing protocols.
arc-over-water Who is the entity that is funding this? I think you have done 2 ICOs? How much did you receive? The first was 10c and the second was @ 50c per coin, released 6 million, is that correct?
samuelvihollandia Are you planning to enter a different exchange market soon?
arc-over-water Have you personally been in Sky from the start? What members have? Who allocates the ICO money etc... I hope you understand that decentralization with investment is a two edged sword, we invest in people but we cannot know these people.... So... we question.. (edited)
thrice.pi with all these outside parties that helped to build skycoin and bring it where it is today who are the main core team who will help to keep all these cool features running. Will these outside parties be recruited for the long haul?
synth
Who is the entity that is funding this? I think you have done 2 ICOs? How much did you receive? The first was 10c and the second was @ 50c per coin, released 6 million, is that correct?
The people who funded the project for the first four years, were early bitcoin and deep crypto people; who were unhappy with the fact that Bitcoin and the other alts did not seem concerned about the core issues at all. They gave us over 1200 bitcoin I think, over several years and did not ask for anything in return.
The early Skycoin devs were doing academic research, architecture and new algorithms. Prototyping and simulation. The later stage people were more project managers and doing implementation.
We did four ICOs for small amounts, to fund development and to allow developers working on the project to buy in. The first ICO I remember was at $0.10 per coin and the price now is about $4.00 per coin, so its up ~35x or 40x, but when you consider the Bitcoin price going from $100 to $3000, the increase has not been so much. lol (edited)
arc-over-water With the price up 35x in about 1 year, is it not now time to cool the run up and release another ICO? At what amount of coins released and what procedure?
mike Would Intel Edison or Joule, or Samsung Artik 10 work well as a Skywire wireless node? They have 2 Gb-8 Gb RAM, 8-64 Gg eMMC storage, 802.11n wireless, bluetooth, and some with Zigbee?
synth
Have you personally been in Sky from the start? What members have? Who allocates the ICO money etc... I hope you understand that decentralization with investment is a two edged sword, we invest in people but we cannot know these people.... So... we question.
I think there wer three different groups that merged together in first three years, that had similar objectives. Because the code was in different language. There was python, C code and then eventually golang and the golang code became the basis for the current codebase.
The way the coin allocations work, is that it requires unamimious consent for releasing coins and it has to be for a specific, ear marked purpose and can be blocked by any of the devs.
Then there is a pool of coins in bitcoin for various project managers to allocate. And that is an operational fund for paying developers, contractors, marketing etc. Then different people have different responsibilities.
Then we also have corporate funding and sponsorship and some companies paying our full time devs etc, which helps a lot.
arc-over-water Silicon Valley (TV SHOW) recently had their decentralized web running on a network or refrigerators? So i would guess, smart phones, smart gadgets? Home gadgets etc could add services and receive rewards from Sky?
mike best would be a totally open source and publicly audited manufactured system on a chip for the nodes to prevent any backdoors. Even chip designers now don't really know what they're putting into the chips since they just drag and drop black boxes known as IP cores into the ASIC designs.
synth
With the price up 35x in about 1 year, is it not now time to cool the run up and release another ICO? At what amount of coins released and what procedure?
I think the Skycoin price has been doubling every 40 days, for as long as I can remember. However, it will still be years before it is in the top 20, its still a long way to climb. It took bitcoin years to go from 0 to $1, even though it was growing at 1% per day the whole time for six years.
best would be a totally open source and publicly audited manufactured system on a chip for the nodes to prevent any backdoors.
we are going to use arm
arc-over-water IOTA is also working on their own hardware for nodes etc, Trinary asset is JINN
synth all intel and AMD systems have remote management engine backdoors. So they are not safe for storing large amounts of coins.
We also have alpine linux and special version of linux, that is 6 MB and has everything that is needed for running our toolchain. It will not have any binary blobs in the kernel or anything that we cant compile from source. It does not have systemd and does not have gli, but uses musl. And does not have openssl.
mike so looks like the Samsung Artik 5 and 10 can run it no problem, they're ARM based. 25x35x4mm package for the Artik 10, Artik 5 is smaller, less powerful but has 2 separate antenna ports, nice for mesh networking with an omni and a directional antenna.
earlyarkinvestor how does Ark compare to Lisk?
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earlyarkinvestor isn't Lisk trying to achieve interoperability between blockchains as well
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mike nice! looks like an ARM based server rack
let me know if you need any help with it, see you're on solidworks, which I run as well.
synth this is the skycoin cluster; it has 8 CPU boards; 4 cores per CPU, 2 GB of ram per CPU and 64 bit ARM processor. Only one program will run on each individual board, so there is compartmentalization and a physical gap so that compromising one process on a system does no allow all other processes on the system to be compromised
mike looks like 2 ethernet ports per board.
synth and the hardware does not have the qualcom backdoors and is actually chinese equipment; and the backdoors are normally at the kernel level because they are not at hardware backdoors yet
lol
mike do they have SATA ports, maybe M.2 for storage?
synth and we will hav an ARM openwrt router eventually too
this model does not have SATA, but we have a model with SATA; you could hook up 16 2 TB drives, lol and download half the piratebay to your cluster (edited)
the skycoin infrastructure is cluster based and designed for running across +300 computers, with one "node" deployed per computer. Eithe a CXO storage node, or a skywire SDN/meshnet node, or a VPN end point node or a consensus network, or skycoin node, etc. We have multiple node/application types.
so this is a "personal cloud' by itself
its not like StoreJ where you have other people storing your stuff; you are going to have ~5 clusters and 300 computers and can store your own files, on your own internet, on your own hardware. You do not need to go outside of your own network.
mike Have thought it'd be nice to have a board with an array of M.2 sockets to run SSD arrays without all the cables, have the busses shielded in circuit board.
synth yes, i think there will be m.2 eventually
these actually use a microSSD for storage, and its 48MB/s
mike any idea on the pricing on your ARM boards in quantity? We are looking at Intel for Bitseed V3, but ARM would be good to stay with, especially using your boards if there is SATA.
arc-over-water Do you have a general idea of usable functions to be released next in what order? The first release was the Coin and wallet, then the ICOs and can you give a general future with dates if you can
synth the boards are $30 each and the memory for solid state, is actually more than the the cost of the CPU/RAM/board now. Which is sort of insane.
mike so you have microSSD, what's maximum size? we shipping 1with Tb hard drives right now
synth Bitseed mike is going to help with this; so we can pool the boards and do a custom PCB
mike yes, that's where we see the price jumps, is in RAM and eMMC costs.
and it's hard to find low cost boards with SATA
synth try the orange pi
the price goes up 30% for SATA
mike yes, very nice specs.
synth eventually, we will make one that has custom PCB and is a pluggable blade server, I think.
mike I like the Samsung Artiks for the tiny form factor for drone routers, cubesat/picosat possibilities.
but like the fact that you are controlling much deeper down the supply chain with your boards.
synth we only need ram, CPU, then microSD slot; and that is it. so the wifi and all this other stuff is just crap and its junk. We only have communication, storage and computation. So should be minimialist.
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