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Started by Bitcoin, Feb 14, 2021, 08:32 am

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Bitcoin


MINE BITCOIN ETHEREUM WITH THIS MOBILE APP (FLITS)|14:27

Bitcoin

Not the Best Name.
The truth is, bitcoin "mining" is a misnomer. When gold is mined, nothing is achieved beyond the discovery of new gold. When bitcoins are mined, however, a valuable service is provided to the Bitcoin network: decentralized transaction recordation and validation.
Double Spending.
Bitcoin relies on miners to record and validate transactions because of a particular problem inherent in any system of digital currency: double spending. Double spending is the high-tech incarnation of counterfeiting. Say, for example, that a currency user, Alice, has a $5 note and she gives it to Bob. Can Bob be sure that he's received $5 rather than a forgery? In the physical world, probably. In the digital world, probably not.
In the physical world, Alice would have to find paper, ink, and machines capable of making a convincing duplicate of her $5. The cost of that activity, alongside moral scruples and the threat of arrest, keeps counterfeiting in check.
In the digital world, however, a computer file version of a $5 note, like an MP3 file or an MS Word document, can be copied perfectly at effectively no cost. There's no way to tell which file is the original, and the ease of copying means counterfeit currency could rapidly overrun the economy.
To fix this, the inventors of Bitcoin designed a system of network interactions, a protocol, that checks each putative Bitcoin transfer against a public ledger called the blockchain. A crook can try and resend already spent bitcoins until they're blue in the face; if those transactions don't check out, however, miners won't record them and the community ignores the attempt at fraud.
Listening for Transactions.
Bitcoin miners connect to the Bitcoin network like telephone operators. Miners use their computers to listen for transaction requests across the entire network and assemble a list of valid transactions.
Bitcoins are not sent and received like file attachments in an email. There are no files at all, only assignments of bitcoins made to various public addresses. Each public address has a matching private key and only the holder of that key is capable of digitally signing a new transaction request. Additionally, the request must have inputs . Inputs are the previous transactions that the sender is using to fund the new transaction. If you previously received five bitcoins from Alice and four from Bob, you can list these inputs to fund a new transaction to Cynthia of up to nine bitcoins in value.
Miners check two things when they hear your request. First they check to make sure that your digital signature proves that you were actually the recipient of those inputs. Second, they check to make sure that you've not already spent those inputs. To perform this second check, miners peak at a public database of all valid past transactions, called the blockchain, to see if those inputs were already used in a transaction or if they are still available. Copies of this blockchain are stored on the computers of all Bitcoin users that connect to the network.
Thus, miners are playing the role of bank tellers: inspecting checks, making sure all the appropriate signatures and account numbers are there, checking the customer's ID, and looking for proof that the customer has enough cash-on-hand to fund the transaction.
Completing a "Block"
If everything checks out, the miner will add the transaction to their personal list of all valid transactions over the last few minutes. Every few minutes, one miner will be selected to add their personal list, a block, to the official blockchain, thus keeping the public record up to date.
To prevent miner's from fraudulently corrupting the blockchain, the Bitcoin protocol makes miners compete. A different miner is empowered to write each block, roughly every 10 minutes, and only valid blocks will be accepted by the rest of the mining community. Here's how that works:
Guess and Check the "Nonce"
A miner's block will become a part of the chain whenever a majority of the community of miners agree (A) that the transactions listed by the miner are valid--no signatures from impersonators and no double spending--and (B) that the miner correctly guessed a special number, the nonce, that solves a particular math problem. Miners perform this check by looking at the proposed block's particular digital signature. This signature is a computer generated product of three inputs, (1) the signature of the predecessor block, (2) a list of valid transactions since that predecessor, and (3) a particular random number, called a nonce.
To understand it all, we need a bit more information about digital signatures. Signatures operate by using "hash" functions. At their simplest, hash functions are math equations that take any given input and create a seemingly random output that will always correspond to that particular input.
The hash function used by Bitcoin is called SHA256. Using that function, the input text:
will always output this string of characters:
You can try it yourself by visiting an online hash calculator; if you type in "This is a hash!" without the quotes you'll get the same specific string of numbers and letters.
If a hash function is well written, any change to the inputs will drastically change the output string, and different inputs would never output the same string. By that standard, SHA256 is very well written. For example, changing our input "This is a hash!" even slightly results in entirely different outputs:
"This is a hash!" = "dcc67309a9c5c4a6d5434de87dbd4162f745f32b2a6aedf89c89d31d863b022b"
"This is a hash?" = "d43edbde4b15a97e780c1a9e1392b2c4601750fe03db543b3c4c44624d277641"
"This is a hash brown." = "5692e888b50c526f7eb95342a6fd56760b2ff95a766414562daa4083bab8bcfc"
Therefore, if the inputs for a new block's signature are the signature of the predecessor block and a list of recent transactions, the output will be a unique string that could only have been made from that exact data. Because it is the unique product of those inputs, that signature can be used to prove that the transactions therein described happened in a given order: within the current block or some previous block. Try and change the order by making up phony past blocks and the signature will no longer match. This allows the particular beneficiary of a transfer to prove that they were the first to receive the coins; any subsequent double spending of those coins is fraud.
All miners, however, are capable of writing a signature composed of the previous block's signature and the new transaction list very quickly using their powerful computers. How do we pick a winner at regular intervals to make them compete? The solution is to ask for a string that will be difficult to generate quickly, a specific sort of output string, one that starts with a certain number of zeros, like this:
That long line of zeros at the start of the hash is statistically improbable, like flipping a coin and getting heads thirteen times in a row. Nonetheless, there is a particular combination of inputs that will result in a hash output that starts with all those zeros. The combination will involve a particular random number called the "nonce" that miners will have to guess.
The miners repeatedly hash their two known inputs (the previous block signature and the list of new transactions), along with guesses at the random nonce. Eventually, one miner will happen upon a nonce that will give them a signature with the requested number of zeros at the start.
Miners that use more powerful computers can make guesses faster, and, like buying more lottery tickets, these miners will be more likely to win the race to find a particular hash. This is why miners can compete with each other by investing in more powerful computers. More tries at the hash equals more blocks written to the blockchain over time. To prevent blocks from being written too quickly or too slowly as more or less computing power is used by miners, the protocol is adjusted every two weeks to demand a longer, harder to guess, or shorter, easier to guess, string of zeros at the front of the hash. The target for those adjustments is generation of a new block every ten minutes.

Bitcoin


HOW TO MINE BITCOIN ON YOUR IPHONE!! (NO JAILBREAK!)|9:12

Bitcoin

Whenever a miner solves a block by writing a signature with enough zeros, they broadcast it and the other miners validate the solution and check to make sure that the transactions listed are all valid. If it all checks out, miners will begin competing to solve a new block using the last block's signature as an input.
That brings us, at last, to the question of why miners mine. This answer is actually simple, miners mine because the writer of a new block in the blockchain has permission from the protocol to give herself a reward of brand new bitcoins, called a coinbase transaction. That reward started at 50 bitcoins per block. Every four years the protocol is adjusted, reducing the reward by half. One day the reward will be very small, but miners can also be rewarded by collecting fees volunteered by users that request transactions.
We've discussed why mining is necessary: to stop double spending by creating a ledger of all transactions, the blockchain. We've also learned, in simplified terms, how mining actually works. In future, we'll discuss what happens when miners collaborate to mine blocks, forming mining pools, and discuss the cryptography involved more thoroughly.
Peter Van Valkenburgh is Director of Research at Coin Center.
Why Bitcoin Miners Will Keep Mining.
17th March 2020.
Bitcoin prices have dropped sharply, cutting mining revenues in half even before the actual incoming halving This situation will undoubtedly bring the 'mining death spiral' argument back to the forefront of the bitcoin media cycle 'Mining death spirals' do not actually happen in real life--they are highly theoretical edge cases without any historical real-world precedent Mining cost is largely a function of the difficulty , this is a dynamic metric determined by the protocol itself and it can adjust both up and down to keep block times at 10 minutes on average This will be challenging for high-cost miners and many will not survive If prices do not recover the hashrate will fall--and when the halving hits it will fall again --this is not a problem for Bitcoin, nor is it unprecedented.
Glossary.
Bitcoin - The Bitcoin protocol, network and monetary system bitcoin - The bitcoin monetary unit Hashrate - The total current number of hashes performed per second by the mining network Mining Difficulty - An automatically adjustable limit which regulates the cost of mining.
For the Miners, This Price Move is Effectively Equivalent to the Halving.
Since its February 2020 peak of around $10,500, the bitcoin price, and with it, the mining reward, has fallen by more than half. And in a way, for all of those who are worried about the halving this is a perfect prelude because the end effect on miners is the exact same. Hence, the hashrate dynamics we're likely to see in the upcoming weeks will be an excellent parallel to those we might also see after the halving in May.
So what are we likely to see? Reductions in hashrate. And that's totally fine.
Here's the how and why:
The Mining Difficulty Adjustment Keeps Bitcoin Block Frequency Steady, No Matter the Amount of Total Network Hashrate.
Miners rely on the mining reward to cover their ongoing electricity costs. The mining reward is made up of two parts: 1) Transaction fees; and 2) Newly created bitcoins. Miners have costs denominated in their local currency, so the purchasing power of their bitcoin income is dependent on the exchange rate between bitcoin and their local currency.
When the bitcoin price falls, the miners' bitcoin income offers less purchasing power to cover ongoing electricity costs. As a result, the miners with the highest production cost will no longer be profitable and will be forced to stop mining (more on these dynamics here, reading it will make this article a lot easier to fully grasp). This is almost exactly analogous to normal commodity production cost curves.
The overall network hashrate will then drop, but this is where the comparisons to normal commodity production stops. For example, iron production costs are the same no matter the price of iron, whereas the production cost of bitcoin is variable and dynamic (see accompanying graphic for an idealised illustration).
Every 2016 blocks (approximately every 14 days), the Bitcoin protocol adjusts the difficulty to reflect the average hashrate of that period. The rule is simple: Bitcoin blocks should take exactly 10 minutes on average to create. If the 2016 blocks came every 9 minutes on average instead of every 10 minutes, the mining difficulty is increased. If blocks came every 11th minute on average the difficulty is reduced.
Therefore: No matter how little or how much hashrate the combined mining network produces, the Bitcoin protocol will automatically adjust the difficulty such that new blocks are found every 10 minutes on average.
Source: CoinShares Research.
Remembering that new bitcoins are created every block, the difficulty adjustment ensures that no amount of added hashrate could make bitcoins be produced any faster than prescribed. The opposite is also true.
An important net effect of this, is that the cost of mining always tends towards the market price of bitcoin. If the price of bitcoin increases, more hashpower will be brought online. This raises the difficulty until the cost of mining again approaches the price. If the price of bitcoin decreases, some hashpower will be removed from the network. This lowers the difficulty until the cost of mining again approaches the price.
Unless the Price Recovers Sharply, the Hashrate Will Fall, Then the Difficulty.
The bitcoin price is now down more than 50% from its 2020 highs. This means that miners' income has lost more than 50% of its purchasing power. The highest cost producers will now be unprofitable and some will even be cashflow negative. When miners turn cashflow negative they will turn off their gear and hashrate will fall.
This will cause blocks to be produced more slowly than before. In turn, this means that the next time the difficulty is adjusted, it will be lowered, such that the remaining hashrate finds blocks at the same frequency as before.
Whichever miners are able to remain cashflow positive during this transition period will end up having their cost of mining reduced . After the difficulty adjusts downwards, a new balance is found where the remaining miners find a higher percentage of blocks than they used to (aka, their bitcoin income is increased, making up for the loss of reduced prices per bitcoin sold).
Bitcoin-denominated income therefore flows from inefficient high-cost producers to efficient low-cost producers, Bitcoin as a system will draw less power than it did before, and the average power it draws will be lower cost (aka, less useful for society) than the average power it drew before.
The main overall effect is that the cost of writing (and rewriting) the chain decreases. But no one really knows how much chain-writing cost is enough , and that topic is way outside of the realm of what we can fit in this article (if you're interested we can recommend starting here, here and here).
'Mining Death Spirals' Exist Only in Theory, not in Practice.
In price environments like these you will hear countless uninformed pundits peddle the 'mining death spiral' concern. The weak form of the argument generally goes like this:
If bitcoin prices fall, mining will become unprofitable causing the hashrate to drop. This will grind the network to a halt since no new blocks are mined. This in turn will cause price to drop further causing more miners to shut down until no one is left mining and the price hits zero.

Bitcoin

From reading this article you'll already understand why that form of the argument is absolute nonsense (and also the reason we've never observed it in practice even though we've had two halvings already and the bitcoin price has fallen by more than 50% on several occasions): the mining difficulty adjustment.
However, there is an edge case in which a mining death spiral could conceivably happen . The steel man form of the argument goes like this:
At the worst possible time (that is, exactly after a difficulty adjustment), the price of bitcoin drops by an extreme amount (let's call it 99%), and; Very few or none of the miners believe it will ever come back up, and; Miners are physically able to almost immediately shut most (let's call this 99% as well) mining gear off.
The result would be that the time it would take to find 2016 blocks for the next difficulty adjustment would be 100 times longer than normal (that is, 200 weeks, or almost 4 years). Moreover, the maximum difficulty adjustment is 4x in each direction, so the next difficulty adjustment would take another 50 weeks, then another 12.5 weeks, then another 4 until block times were normalised.
In such a scenario you can imagine that the price would falter (although hasn't it already?) and that the future of the system could be called into question.
In real life though, markets don't move like that. And if they did, a permanent 99% (or whatever) price drop would likely be a signal that something else was fundamentally wrong with the system itself.
On top of that there are operational concerns on the part of miners that prevent shutdowns on such rapid timelines. Powering down a several hundred megawatt mine is not a matter of pulling a socket plug--you would risk severely damaging the local grid. Moreover, many miners have offtake agreements that mandate that they continue their draw for as long as they are able to pay their contracted bills.
The point is: even when bitcoin prices significantly fall (which happens pretty much every year) or the mining reward is halved (which happens at predetermined time intervals), the physical and operational realities of the mining network are such that drawdowns in hashrate take time. In practice, hashrate reductions are therefore always smoothly caught by the dynamic difficulty adjustment and block frequencies never get anywhere near 'crisis levels' (whatever that even means).
The Network Was Designed to Handle These Exact Situations.
If you're worried that price drops or halvings will have long-term adverse effects on the operational workings of Bitcoin consider the following: This is the umpteenth time the price of bitcoin has seen a dramatic pullback--it happens pretty much every year at some point or another--and this is the third halving of the block reward.
Because of the design choices we've explained above the mining network has never failed to produce blocks. The difficulty has reset downwards many times--sometimes dramatically as the result of a pullback in price (the November/December 2018 is an excellent example to study), but never has the network ground to a halt or even come anywhere close to it.
Bitcoin as a monetary system is extremely robust. No matter where the price goes, block generation times are coldly and unemotionally kept at their preset levels by computers, not humans. There is no price level that could cause Bitcoin's emission rate to increase. When the dust settles on the current financial crisis, the Bitcoin monetary system will have created exactly as many bitcoins as originally intended.
The same is not true of its government competitors.
Disclosure.
This material has been prepared by CoinShares and its affiliates for educational and informational purposes only and it is not intended to be relied upon as an offer or a recommendation, offer or solicitation to buy or sell a security nor is it to be construed as investment advice. Predictions, opinions and other information are expressed at the date of publication and are subject to change as circumstances vary. This information has been developed internally and/or obtained from third party sources believed to be reliable; however, no representation or warranty, express or implied, is made as to the accuracy, reliability, or completeness of such information. To the extent permitted by law, we do not accept or assume any liability, responsibility or duty of care for any use of or reliance on this information. Past performance is not a reliable indicator of future performance.


Bitcoin

Unlike precious metals like gold and silver, Bitcoin mining is not done with picks and shovels. Bitcoin is extracted from the protocol when blocks of bitcoin transactions are validated by miners using specialised mining hardware, hence lending the term mining .
Mining is also the process of adding of these new transaction blocks to the blockchain.
And just as important, Bitcoin mining is how newly minted bitcoin is released into circulation .
The Bitcoin software was programmed in such a way that:
A certain pre-set number of bitcoin is released into the system with every block of transactions once almost every 10 minutes, to be mined by miners. The pre-set number of bitcoin is halved every 4 years, leading to a fixed total of 21 million bitcoin to be completely mined by the year 2140. Miners use mining equipment in the form of purpose-built hardware running special software to solve complex mathematical problems, and are rewarded with the pre-set number of bitcoin with every successful block solved. Each successful block of transactions is then added to the blockchain.
Here is a quick 2-minute video to explain what Bitcoin mining is:
Basically, that is a summary of what is entailed in Bitcoin mining. To elaborate on this further:
Number of Bitcoin Released into the System.
When Bitcoin first started in 2009, it was programmed in a way such that 50 new bitcoin would be released into the system with every block. This takes place about once every 10 minutes.
Bitcoin did not have any value back then, and was transacted amongst a few people involved in its development, as a way to see it functioning in the real world.
Halving and 21 Million Bitcoin by the Year 2140.
The Bitcoin protocol was coded in such a way that the number of bitcoin released into the system to be mined shall be halved every 4 years (i.e. after 210,000 blocks).
Starting with 50 bitcoin per block in 2009, the rate of supply halved to 25 BTC per block on 28 November 2012, and halved once more to 12.5 BTC per block since 9th July 2016. The subsequent halving to 6.25 BTC per block took place on 11th May 2020.
210,000 blocks x 10 minutes = 2,100,000 minutes = 35,000 hours = 1,458.33 days = 3.99 years.
Hence, it takes about 4 years , give or take, to reach 210,000 blocks of transactions, before the next halving occurs .
The Bitcoin protocol was also coded such that only a maximum 21 million bitcoin will ever be produced, and with the halving taking place every 4 years, the last bitcoin (or final part of it) shall be mined by the year 2140.
Unlike paper money which can be printed by central banks through expansionary monetary policies which lead to inflation and drop in value of fiat currencies, the Bitcoin protocol creates a finite supply and capped limit of 21 million bitcoin, making bitcoin deflationary by design.
Parallels can be drawn between bitcoin and gold, a commodity which is limited in its supply. If it is known that a particular gold mine will produce the last ever ounce of gold available in this world, what would happen to the price of gold?
Unfortunately (or fortunately), no one knows for sure, but unlike gold, the last quantity of bitcoin available for mining is known. This ensures its increasing value based on its diminishing supply rate and increasing demand.
His friends know [gbg] as an aficionado of just about anything with a 6502 processor in it. He's also interested in bitcoins. A while back, a friend asked if it would be possible to mine bitcoins with an old Nintendo Entertainment System. While this suggestion was made in jest, it's not one of those ideas anyone can let go of easily. Yes, it is possible to mine bitcoins with an NES, and [gbg] is here to show us how.
Mining bitcoins is simply just performing a SHA256 hash on a random value from the bitcoin network and relaying the result of that calculation back to the Internet. Of course this requires an Internet to NES bridge; [gbg] brought in a Raspberry Pi for this task. There's the problem of actually getting data into an NES, though, and that's something only a USB CopyNES can handle. After doing some 32-bit math, the NES sends this out to the Raspberry Pi and onto the bitcoin network.
When you consider that even a high-end gaming computer has little chance of mining a bitcoin in any reasonable amount of time, there's little chance RetroMiner will ever be able to mine a bitcoin. It's all random, though, so while it's possible , we'll just appreciate the awesome build for now.
25 thoughts on " Mining Bitcoins On A Nintendo "
Has science gone to far?!
Wouldn't the Raspberry Pi be faster at the calculations than the NES? The RP can output to a TV as well. This just seems silly.
Shut your mouth sir.
The whole point of it is to be silly. You can get an ASIC mining chip for 200$ that can do Bitcoin mining about 20 times faster than the best 4 card mining rig. Its just for shits and giggles.... i kinda wanna know the hashrate from it.
I get that. It's just that it would have been more impressive had the interfacing hardware not been more powerful than the NES.
Why does it matter what the interfacing hardware is? The point of this wasnt to get a NES to communicate with the internet, but to get a functional Bitcoin mining routine running on a NES, the interfacing hardware could be anything internet and USB capable.
No matter how you interface with the NES, the bitcoin miner isnt functional without the rest of the bitcoin network, and the internet. I would hazard a guess that most, if not all, components of these networks will make the NES look like the computational chocolate fireguard.
Where can I get this $200 ASIC chip?
Because how cool would it be if there was a bitcoin out there that was mined by a 1.76MHz 6502! That's why people do things like this. Hacking is all about making things do things they weren't designed to do. This absolutely fits that definition.
The problem is there won't ever be (you might argue that there is a very slim chance, but I would counter that there is more chance of aliens coming down and giving you a bitcoin). The difficulty rate is not only high now even for topend hardware, but also ever increasing.
This writeup really isn't complete without a hash rate.
Just estimating from the video, but it looks like it comes up with a hash every 10-11 seconds?
When mining on a pool he should be able to get some satoshi's. It should find at least 1 share a day I think...
I want a beowolf culster of this :P.
I've been mining on the Pi's CPU for a few weeks, purely for entertainment purposes. If you join a pool you'll send them a few shares a day. I get about 180Kh/s from the CPU algorithm. Which is stupendously slow in terms of mining rigs... something like 3500 years per "expected" block generation. The NES will be a lot (lot) slower. I approve! :)
How is a RasPi a faster miner than a GeForce 9800GT? I only get 22KH/s on mine with cudaminer, and that's five times the rate I can get from the AMD Phenon II X2 555 3.2 Ghz CPU.
I've found a super deal on a Sapphire Radeon HD 6870 (300+ Kh/s) and an ASICminer USB Block Erupter. Block erupter was $12.49 on Amazon, after spending $10 in credits I got from Swagbucks. The video card was in a lot of four, $111 on an auction. Two of them won't be useful for mining, the 4th wasn't identifiable on the auction site but looks like it could possibly be useful. If not, I'll put the 9800GT in the second slot and boot XP to mine with both. (Damn you, Microsoft for making Vista and later only capable of running one video driver! What's next, limiting Windows to one network protocol and interface at a time, like Mac OS was?)
The ASIC will do SHA256 switch pool mining while the GPU will do Scrypt switch pool, both on coinex.pw There's ways to get Bitcoin without mining for it directly.
My electricity is six cents a KWh so that GPU will only cost about 24 cents a day (plus whatever the rest of the PC uses) and the ASIC's cost to run will be negligible.
Why not participate in one of those shared schemes?
i think the REAL point here is the software to do 256bit SHA alogarythms on an 8-BIT cpu. a CPU that MOST of the world sees as "only capable of games" and then doing something like bitcoins...
shows just now "universal" a CPU is and how "restrictive" a lot of our modern OS's are. cough;CELLPHONEs, cough.
PS: to anyone wanting to know hashrate? my (uneducated) guess would be a day at least, maybe weeks, for one coin/hash.
8 bits on a 2mhz computer doing 8bit math is 2mhz fast (assuming 1:1 cycles/instruction) but 256 bits on a 2mhz 8bit CPU is like 2mhz/32=
The 6502 is a general CPU, not a video game console specialized one. Many early Atari, Apple and Commodore home computers used it.
The NES CPU is not a "pure" 6502, but that doesn't have much bearing here.
Your point about cell phones couldn't be more valid!
The ARM CPU in your cellphone is also a general CPU. It happens to be more efficient and faster than a 6502. It's just got extra things tacked on the side, like a GPU.
The NES OS is even more restrictive than an OS like Android. There is not a lot stopping you running your own code on the CPU in a cellphone (aside from locked boot-loaders). The point about cellphones couldn't be more INvalid.
Rumors that a cooking game was using Nintendo Switches to mine cryptocurrency have lit up the internet.
This weekend, one piece of news managed to cut through the noise on Twitter by virtue of its sheer absurdity. While it's since been denied by the creators of the game, claims circulated on Sunday that "Cooking Mama: Cookstar" was using players' Nintendo Switches to mine cryptocurrency. The game, which was originally slated for release in March 2020 per a trailer, is currently unavailable on the Nintendo eShop in the United States.
On Sunday, a tweet featuring a screenshot from a Discord chat circulated on Twitter, spreading claims that the game was using players' consoles to mine cryptocurrency and potentially disseminate user information as well. The rumor went that the activities would lead to a spike in Switch network traffic and a severe decrease in battery life, and trigger the console to overheat.


Bitcoin

Cryptocurrency mining is the process of verifying digital transactions using computer hardware -- in this alleged case, the Nintendo Switch itself. Miners can get paid for their processing power in a cryptocurrency. If the claims were true, that would mean that a third party was getting paid for using players' consoles as hardware to authenticate payments. According to IGN, there were also claims circulating that the game can only be played online in order to allow for cryptomining, but those appear to have been refuted by users playing the game while in airplane mode.
Allegations associating the game with cryptocurrency mining have previously surfaced, including in this tweet from March 6. They appear to trace back to a press release that was dated in Feb. 2019 by blockchain gaming company Planet Digital Partners AKA Planet Entertainment that claimed "Cooking Mama: Cookstar" would be "the first game to integrate blockchain technology on major consoles." The release was aggregated elsewhere, including NintendoLife, which linked to the now-broken Planet Entertainment url ending with"video-game-publisher-planet-digital-partners-putting-cooking-mama-on-the-blockchain."
The game's developer, 1st Playable addressed the release on Twitter, highlighting the date it was released and saying that blockchain had never been brought up to developers.
The accusations quickly took off on Twitter, with many heralding it as another absurd news item in an exhausting and continuously escalating news cycle. Later on Sunday, Planet Entertainment denied the cryptocurrency mining claims via the game's official account, tweeting, "Cooking Mama: Cookstar, nor any of our other titles in the past or near future will utilize crypto technology."
The game's developer, 1st Playable, also refuted the claims in response to a direct inquiry on Twitter, stating, "As the developers we can say with certainty there is no cryptocurrency or data collection or blockchain or anything else shady in the code. The Nintendo Switch is a very safe platform, with none of the data and privacy issues associated with some mobile and PC games."
There's been support for the developer and publisher's claims after one Twitter user did "some reverse engineering work," and said that there was "no cryptominer/blockchain stuff anywhere within Cooking Mama: Cookstar's code."
"Cooking Mama: Cookstar" has also been having distribution issues in the United States and Europe.
Rumors about the "Cooking Mama: Cookstar's" hypothetical secondary purpose spread wildly on Twitter on Sunday, helped along by the game's mysterious distribution circumstances which have left it unable to purchase for many online. IGN reported on Friday that the game was available on the Nintendo eShop for a few hours the week previous, but had been fully scrubbed from the digital storefront. At time of publishing, an IGN search for the game in the eShop in both the United States and Europe returned no results; a search by Insider Monday also returned no results.
There appear to be elusive physical copies of the game, with several Redditors having been able to purchase it and Amazon listing a third party seller to purchase the game. One third party seller, which IGN reported to have been seemingly set up only to sell "Cooking Mama: Cookstar," no longer has any products in its storefront. The game is currently listed as being out of stock at Walmart and its listing appears to have been deleted from Target's website, but the page still appears in a Google search for the terms "Cooking Mama: Cookstar Target."
Screenrant reported that, per an anonymous source who was a member of the game's development team, that the distribution issues were caused by a dispute between the publisher, Planet Entertainment, and the Cooking Mama intellectual property holder, Office Create.
Insider has reached out to both Planet Entertainment and 1st Playable for comment regarding the cryptocurrency mining allegations and distribution issues.
Cryptocurrency mining claims were just absurd enough to spread across Twitter, inciting jokes and memes.
Actual controversy aside, the rumors sparked a series of bewildered tweets and memes. In the midst of an already exhausting news cycle, something as absurd as "Cooking Mama is using your Switch to mine cryptocurrency" almost feels refreshing.
--Mr. Feel, Haha Chainsaw Go Brrrr (@mrfeelswildride) April 5, 2020.
Others spoofed Cooking Mama herself, depicting the character alongside the Bitcoin symbol and with coins tumbling from her pockets.
Others highlighted the cryptocurrency controversy vis-à-vis other pieces with a similar tone, drawing a comparison back to the late 2010s "Yoshi committed tax fraud" meme.
Overall, the Cooking Mama controversy is yet another absurd news item in an already breakneck news cycle, even with both the developer and publisher having swiftly shut down allegations of cryptocurrency mining.

Bitcoin


Mining Cryptocurrency With ONLY ~1 WATT?! Custom Raspberry Pi Micro Miner Review|14:10

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Why Use Miningplace?
We're a team of hardcore miners & passionate blockchain believers. We understand exactly what you need. We've left no stone unturned to make miningplace world's most secure platform.
MAKING YOUR DREAMS COME TRUE WITH AUTO MINING.
AUTO-MINING.COM is an investment company, which was founded by commercial traders with ten years experience of successful activity in the Bitcoin mining market, as well as cryptocurrency exchanges.
ADVANCE PROFITS ON THE TECHNOLOGIES OF THE FUTURE TODAY.
We welcome you to the cosmos of digital currencies. With the organization AUTO-MINING.COM earnings on cryptocurrency trading are open to everyone.
FEATURE FEATURE.
Instant Withdrawals.
You can make a withdrawal whenever your balance allows it.
We provide the highest level of data protection for your account.
SSL encryption.
We are using SSL encryption to protect the safety of all personal data! It is safe to invest.
24/7 Support.
Our support works 24 hours a day, 7 days a week.
Welcome to the website of Auto-Mining.com! Our investment platform is a product of careful preparation and fruitful work of experts in the field of Bitcoin mining, highly profitable trade in cryptocurrencies and online marketing. Using modern methods of doing business and a personal approach to each client, we offer a unique investment model to people who want to use Bitcoin not only as a method of payment, but also as a reliable source of stable income. Auto-Mining.com business uses only modern mining equipment and trades at the most stable markets, which minimizes the risk of financial loss to customers and guarantees them a stable income accrued every calendar day.
Our Success Story.
The development and popularization of digital currencies reaches its climax вЂ" even now such monetary units are massively used for Internet payments, and in the near future will certainly qualify for the status of a full-fledged global payment instrument.
High volatility is an indicator of the ability of a currency to change its value sharply both upwards and downwards in certain time intervals. This contributes to the high investment attractiveness of cryptographic currencies, respectively. The right approach to trade cryptocurrencies on the international markets makes it possible to manipulate this statistic in order to generate private profit.
How To Make A Passive Income with Cryptocurrency.
Well, for starters you will have to start by getting yourself a Bitcoin wallet . You can sign up for a Bitcoin Wallet Address at any of the following sites or all three! It's always better to have more than 2 wallets for better security and convenience. You never want to keep all your eggs in one basket!
Cash App.
Sign up using the following code: RVVHHTR to get Free $5 deposited into your newly created wallet, when you first submit a deposit of $5 USD or more.
Cash App also makes it very easy to buy and sell Bitcoin instantly when you connect your bank account or credit/debit card. It's by far the most user-friendly Bitcoin app currently out in the market. They also make it easy for you to schedule recurring payments on a daily, weekly, or monthly basis.
The Cash App is currently available on IOS or Android.
Atomic - Desktop/App Wallet.
Atomic is the most sophisticated multi-currency Desktop wallet with the added capability of instantly converting one cryptocurrency into another with the best current exchange rate. One Single Wallet for all your Cryptocurrencies. It presently features 130+ popular cryptocurrencies, with many more in the pipeline! Atomic allows you to send, receive, exchange, and stake all seamlessly on your own desktop computer, Laptop, or phone with sleek and easy to use Dashboard. Now available to earn staking rewards on popular altcoins like NEO, Tezos, Tron, Cosmos, and more! The Atomic Wallet also comes with its own Native Token which allows you to save & earn even more on every transaction you do within the wallet.
Voyager App Wallet.
This wallet allows you to:
Store, Track, Send & Receive Cryptocurrency on the go! Trade up to 30+ coins with more on the way Commission-Free Easy Bank Transfers to your bank account to cash out or Buy Crypto, no more exchange hassle with the best rates and lowest fees. Earn Interest on your Crypto Advanced Top Security! With many more Exciting Updates coming soon!
The Voyager app is available for Android and iOS. Just use Code: JOEF24 - To Claim your First $25 worth of FREE Bitcoin.
Step #1 to Earning Crypto on Automatic Join These Top Faucet Sites.
After months of searching online I managed to find the top paying Bitcoin faucets and have broken them down for you here. There's no more need for you to spend hundreds of countless hours searching for the top paying faucets , as I have them all listed here for you and up to date! Simply just sign up for each faucet using your public bitcoin wallet address and start earning top Crypto quickly, FREE and easy!
*Make Sure To Bookmark This Page As I Add New Info & Update it on A Monthly Basis!*
Last Updated On November 19th, 2020.
Top Bitcoin Faucet Sites Online!
Manage Your Faucets With MyCryptoFaucets.com.
With My Crypto Faucets management tool you can now manage all your Altcoin & Bitcoin Faucets under one dashboard! They made it as simple as it can get for their fellow faucet enthusiast to claim their winnings! Stay organized by knowing what Wallet address goes with what faucet, so you never lose control of your crypto earnings again! Simply sign up for a free account and start using their free faucet management service today!
CRYPTO GIVEAWAYS.
There are currently hundreds of cryptocurrency giveaways going on daily. You don't want to miss out on Free Crypto Giveaways, as this is by far the easiest way to accumulate some large bags of Bitcoin and Altcoins if you happen to win one of the giveaways that is. The hard part is finding them and knowing which ones are legitimate and current. Therefore I created a website where you can find all the currently running crypto giveaways that will provide you with the largest winnings. Which I personally update on a daily basis and have entered myself. So I definitely recommend you visit BitcoinGoldenTicket.com and sign up for every giveaway listed on the home page.
Step #2 - Join These Top Traffic Ad Faucet Sites.
The following sites earn you free bitcoins by clicking on ads and viewing Crypto related websites, or even competing simple task! The more of these sites you sign up for or task you complete, the more you earn. Another thing I highly recommend is advertising your referral links on these sites. This way you can gain a lot of referrals earning bitcoin quickly. The more you spend advertising on these sites the larger your referral list grows and the faster you earn Bitcoin on Automatic . However, please keep in mind it's really up to you whether you want to spend bitcoin on advertising. You can always try advertising on these sites later down the road when you have a little more than 0.001 BTC in your wallet. In the meantime, let's take advantage of their high free bitcoin payouts!


Bitcoin

Get Your Own Free Crypto Faucet Course.
How To Make Real Passive Income?
The best way to generate passive income is by referring other people. When people join websites using your referral links, they will become your referrals and generate referral commissions that will be paid to you by the website owners. The more referrals you have, the higher your income will be.
How to get referrals?
All the links in this little course " Earn Crypto Now " are referral links. Thanks to " Earn Crypto Now " it's now possible to promote several websites at once. It's a great tool to get referrals.
You can get a copy of this whole course " Earn Crypto Now " with your own referral links completely for free!
All you have to do is to go to the next page and enter your own referral links. Hit submit and you will get a unique URL with your own copy of this course. You can then send this link to your friends and family or social media followers. You can put a link to it in articles or forum signatures. You can even promote it using traffic exchanges or PTC websites.
Feel free to promote it anywhere you like. You will get detailed instructions on the last page, on how to properly use the landing page to your advantage.
Step #3 - Create Your Pages That Will Drive In Free Traffic To Your Referral Links.
Facebook.
Create your own Cryptocurrency related Facebook page . I would suggest creating a Facebook business page or Facebook Group . NOT a personal Facebook page, this way you can create a following and keep it very simple.
Once you have successfully created your page or group page you will be able to start promoting your referral links . Make sure that every time you post on Facebook you submit an attractive image along with your referral link with these popular hashtags: #bitcoin #cryptocurrency #freebitcoin #blockchain #crypto @bitcoin . You will get GREAT results this way.
Try using Hashtagify.me for more great hashtags ideas to use when sharing on your social media accounts.
Create a Cryptocurrency related Twitter page as well. Just as in Facebook when you post try to use the same hashtags and an attractive image for best results. Try to post on a regular basis, but do NOT spam! There is currently a huge Bitcoin following on Twitter so make sure to get yourself a free account. Once you have created a nice and attractive Twitter page start following all influential companies and individuals that are crypto related. You can Like and re-tweet their interesting crypto tweets and get a higher chance of them following and re-tweeting your tweets back. This way you start building a large crypto following. Which will provide you with a great targeted list for you to start advertising your referral links and Bitcoin products too. Click on the button bellow for a Step guide on how to sign up for your own Professional Twitter account. My personal recommendation is to sign up for Cryptocurrency News related websites notifications so you can share the latest news on twitter to gain a faster following.
Steemit.
Another Crypto that is extremely becoming popular within the Crypto community is the Steem Token. Which the Chinese Ministry Ranks #2 in their Official Crypto Investments to look out for as far as community and utility goes.
What is Steemit? - Steemit is a blockchain-based blogging and social media website, which rewards its users with the cryptocurrency STEEM for publishing and curating content, and is owned by Steemit Inc.
Once you have your own Steemit page created, this will be your top source for posting your referral links. Since all Steemit users are Crypto users, your chances of getting a higher conversion are that much greater than in any other social network. Not to mention you get rewarded for posting QUALITY content.
Publish0x.
The easiest way to explain Publish0x is that it's a crypto agnostic publishing platform similar to Steemit and Medium, where both authors and readers earn different tokens. On Publish0x you can actually earn crypto in 4 different ways.
Earn Crypto by Reading Articles Earn Crypto by Blogging - (Blogging is by invite only, which you can use the registrations link below) Earn Crypto by Sharing Great Articles you Enjoyed Reading. Earn Crypto by Sharing your affiliate links on the Articles you happen to write and share on Publish0x.
You Currently Can Earn Ethereum, BAT, and Loopring on Publish0x. Please be advised that Publish0x does constantly update the Cryptos you earn on their platform. So for the latest list of Cryptocurrencies, you can earn with them, you will have to visit their platform.
Minds.
Now Minds is a mixture of Twitter and Facebook. Minds has only been around for few years now and has quickly risen to the top. With Hundred of Thousands of users and growing daily, Minds has the potential to surpass other major well known social networks in the coming years! As it pays its users in Minds Tokens for simply being social with your friends and followers as compared to Facebook where you DON'T get rewarded for being social!
If you would like to advertise your affiliate links, socialize with your friends, share your media or business, well Minds can help with all that and more. It can even get your website or Blog more Free Traffic . Go find out why Minds is considered the go to Social Platform for the Crypto Community!
If you like to share or create your own videos, or already have your own YouTube channel, then LBRY is definitely for you! It's just like Youtube but on LBRY you can post anything you want with no restrictions. That's right you don't get your videos taken down if not approved. As LBRY is powered on the Blockchain. Where you can earn LBRY Tokens for watching other users' videos or completing simple daily tasks.
LBRY is a new protocol that allows anyone to build apps that interact with digital content on the LBRY network. Apps built using the protocol allow creators to upload their work to the LBRY network of hosts (like BitTorrent), to set a price per stream or download (like iTunes) or give it away for free (like YouTube without ads). The work you publish could be videos, audio files, documents, or any other type of file. Start getting paid for sharing your content with LBRY.
Banner Advertising.
Once you have your website up and running, make sure to have space to advertise some banners, I highly recommend you sign up for A-Ads and LeadsLeap. If you sign up as a publisher and place their HTML code they will be providing you with (for their ads). You won't believe the number of Bitcoins you will be getting paid on a daily basis ! The more traffic you have coming in, the more Bitcoin you will be earning, plain and simple. The cool thing about A-Ads is that they payout directly to your Bitcoin wallet as soon as it reaches your minimum payout threshold . Keep in mind they pay you for every impression and click you receive. You can see a sample banner that A-ads and LeadsLeap provide you with right underneath.

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8 Raspberry Pi 3's With CPU Miner Installed Hooked Up To A 5 Volt 20 AMP Power Supply.|3:36

Bitcoin

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Make Bitcoin With Shortlinks.
If you are currently using services like Bitly.com for shortening your URL links, well there are new websites out there called AdFoc.us and CB.click that let you earn Bitcoin for every click you get from the shorten links you create and share. Simply turn any content you create into Bitcoin: website, blogs, tweets, forum posts, torrents, images, etc. Advertisers pay out the largest part of the funds to you! So why not get paid for doing something you are currently doing already for free? This service is a must and completely Free to use. Earn even more if you can convince your friends and family to use their service too.
Step #4 - Invest Your Bitcoin Wisely.
Once you have earn enough Bitcoin I would highly recommend investing in peer-to-peer lending sites . Instead of just having your bitcoin stored away, you can earn interest on it by lending it to others or even putting it on a Crypto Savings Account and let it earn interest over time. It's always better to diversify your investments so you can gain a better return with a safe and steady income. The following options can provide you with a steady return on investment.
How To Gain Interest on Your Crypto.
1. Celsius Network - This New App has literally changed the game when it comes to earning interest on your cryptocurrency. They currently have top cryptocurrencies which you can earn up to 7% yearly interest on your BTC, ETH, LTC, DASH, and many others. So for example, if you make a deposit of $10,000 worth of cryptocurrency, you would get about $475 a year on interest. Now there is no bank savings account out there that can provide you with those kinds of returns. Personally I've been using the Celsius App since day one they launch. I love it how easy they make it for me to get rewarded for something I was already doing, and that's holding on to my cryptocurrency.
Celsius provides NO Lock-Ups. You can withdraw your digital assets whenever you need them with no fees or penalties and all deposits are safe and secured by BitGo.
Download the App Today and Start making your cryptocurrency work for you 🙂
2. BlockFi - The BlockFi Interest Account (BIA) lets you earn compound interest on your Bitcoin, Ether, and GUSD. Simply store your crypto at BlockFi and earn interest paid out in Bitcoin, Ether, and Gemini Dollar every month (up to 6.2%). This well-established interest platform is backed by Gemini Exchange and Cold Storage. Visit their website to learn more about how you can reach your financial goals with BlockFi. Opening an account is quick and easy.
3. Nexo - Nexo is one of the biggest players in the crypto industry. They are the world's largest and most trusted lending and earning institution in the digital finance industry. With Nexo you can earn up to 5% on your crypto and up to 10% on stablecoins, paid out daily with compound interest! With top insurance provided by BitGo who provides 100% Cold Storage Technology in bank-grade Class III vaults and $100 Million insurance on custodial assets. Not to mention zero fees on withdraws and no minimum deposit to start earning interest on your crypto.
Create a passive income with your cryptocurrency and open a high-yield savings account with Nexo today.
4. Crypto - With Crypto.com you can earn up to 8% p.a. on your crypto. You can earn interest in Bitcoin, Ethereum, Litecoin, XRP, and Some Stable Coins. Many more Cryptocurrencies will be added soon! If you happen to Stake their Platform MCO Token, you can earn up to 2% more on your crypto. All interest is paid out weekly and in the crypto you deposited. So for example, if you deposit Bitcoin you will earn your interest paid out in Bitcoin. Their Platform is very easy to use and available on Android and iOS. This App is actually one of the most widely used apps for interest payouts and the availability of getting a debit card to easily spend y our Crypto anywhere Visa is accepted.
Earn more on crypto when you use my referral code: 54BJ9QSH9T.
5. Voyager - I love using this app as it's you're all in one app for buying Bitcoin, earning Interest on popular cryptos, and not to mention it has a built-in exchange with commission-free trading. Yup, a must-have all in one crypto app. Now with this app it may not give you the best interest compared to the other three mentioned above, but they allow you to control your crypto seamlessly and conveniently. They also allow you to do recurring purchases daily, weekly, or monthly directly from your connected bank account. Another great thing I love about this app is that they allow you to track your portfolio performance with advanced rea-time data charts provided. All within the app with easy to use dashboard. Great all-around app for beginners.
The Voyager app is available on the Apple Store or Google Play Store . I invite you to download the app and when you trade your first $100 within the app you will receive $25 worth of Bitcoin when you use my referral link and Code: JOEF24 - rewards.investvoyager.com.
6. StakeCube - One of the first Compounding interest systems with the highest rates, calculator, daily payouts, and no lock time. Four different and automated income streams offer a payout guarantee. The latest cold storage technologies and proof of funds are fully transparent and traceable with StakeCube.
Earn up to 11.57% interest per year (0.03% daily) which is significantly higher than traditional bank deposits and alternative Crypto investing platforms. StakeCube offers you full flexibility by allowing you to add and withdraw funds at any time - coins don't need to be locked for fixed periods.
The power of compounding ensures that every day a larger interest amount is credited into your account, letting you enjoy a secure high-yield passive income without any fees or commissions.
Stakecube's income streams, which cover the daily payments to their users, as well as the cold storages, are fully transparent and traceable for everyone to view.
A great alternative for an Online wallet with the benefit of compound interest on your crypto. They also offer a daily High Paying Faucet which you can claim on a daily basis, for added crypto to your wallet.
7. FreeBitco.in - FreeBitco.in account is now also a bitcoin savings account! Receive compounded interest on any balance that you hold in your FreeBitco.io account , without doing anything. All you need to do is maintain a balance of at least 30,000 Satoshis (0.0003 BTC) in your FreeBitco.in account and they will pay you compounded interest on your full balance every day. There is no lock-in period to earn interest (you start earning interest right from the first day!) and your balance can be withdrawn any time you wish. Treat your FreeBitco.in account like an instant-access savings account to hold your excess bitcoins and earn passive interest on your account balance every day. The good thing about FreeBitco.in is that you get your password and a 2-factor authentication protecting your bitcoin. And Just to let you know FreeBitco.in has been around for over 6+ years and counting. To this day they still remain #1 Bitcoin faucet online .