Wednesday, November 27, 2013

Quark – Is it worth buying?

I’ve always had somewhat of a soft spot for Quark.


It was a quirky little CPU mined coin that launched with a very unique hashing mechanism, yet faded into obscurity in part due to how horribly it was managed. And yet here I am writing an article about it… Why, you ask?


Quark is up over 2000% during the past week. A lot of other coins have seen significant growth during this period as well, but most of those coins (SRC, PTS, to name a few) owe their growth to being listed on the chinese based BTC38 exchange, and the resulting influx of yuan. Quark is different in that it’s growth has been spurred by non-chinese sources.


So what’s been driving quark’s growth if not the chinese? Supposedly Bill Still (who I’ve admittedly never heard of, yet apparently has somewhat of a following behind him) has expressed interest in it. This could mean good things to come, if the hype is to be believed.


With rumors flying around that BTC38 is looking into adding quark, there’s still room for even more explosive growth. The chinese have altcoin fever right now, and are indiscriminately pumping money into any coin they can get their hands on. With the relative low cost per unit of quark, it could see some impressive growth should it get listed.



All things considered, I believe it to be worthwhile to hold a speculative stake of this coin at the moment. The coming days should be very interesting.


source: http://cryptolife.net/quark-is-it-worth-buying/



Feathercoin Official Weekly Update #9

The Price of Survival


Feathercoin Key Stats

217 days since genesis block creation

Approx. 23,200,000 Feathercoins created

Approx. 14.7 days behind target generation rate


The abundance of open source has met with the scarcity of money. If money were not scarce it would not force us to make the sacrifices necessary to reveal our true preferences to the group. That mechanism cannot work without consensus across a broad range of people. In order to be money everyone must agree all the time that your currency has value. It is not good enough that the butcher only believes dollars are worth something 3 days a week. The relative value may fluctuate against various commodities but he must be willing to exchange his money at all times.


When someone sees something in you that scares them they face a choice. They can either attack you or they can be humble and curious. This crypto currency space can be hostile at times because while the code may be open source and shared the money it creates is not and that terrifies us. We all believe we have unique access to the truth, sometimes we need so desperately to be right that we distract ourselves from what is important. I have found the best way to respond to hostility is to keep working and with that we now turn to some of the hardest workers in our community…


CryptoKnox

I don’t know how many times I can say this but UKMark, Nutnut and Svenn have done it again. UKMark is the guy who has put in countless hours in to SMS Wallet and now another 350 hours in to CryptoKnox the new online wallet with Merchant API exclusive to Feathercoin. The lads have committed some serious energy and commitment in to the project.


I don’t know where they get their energy from but what I do know is that I will always support someone willing to put in this kind of time and effort and do my best to remove any obstacles to their success.


CryptoKnox is and online wallet with Merchant API currently in alpha testing


I spoke to them last night on skype and they told me:


Security is paramount especially since the inputs.io scandal so fresh in our minds. All wallets are stored off host, all servers are hardened to the latest standards, all interserver traffic is encrypted AND on private networks, and everything is behind cloudflares CDN.


The Reason behind Knox is to make FTC more accessible to the new people. To find, download and setup a wallet when you first start your journey in to crypto is somewhat daunting. Cryptoknox aims to offer an easy and secure way to get your first Feathercoin wallet address.


This is just an alpha at the moment, security is the most important feature which is why we are asking for some keen beta testers. The lads are getting help from some security experts and I will be helping them with UX and usability feedback.


EDIT: UKMark asked me to point out that the CryptoKnox wallet is not just an online wallet but also includes a secure Merchant API to help merchants integrate Feathercoin payments in to their existing shopping carts. There is more info on their home page.


Local Feathercoin Progress Report

Since its launch back in early October our Feathercoin Map has been growing faster and faster. The main motivation behind the project was to highlight the need for localism. We like to think of Feathercoin as a local currency and you don’t get to the very big without paying attention to the very small.


From our humble beginnings back in early October…


…to the present day


Now due to the rising demand on this page we are slowing down the entries in order to verify all the accounts before we move on to the next stage. If you have put your name forward but don’t see yourself on there it’s because we need some time to verify you on the forum.


Plans now include putting on crypto related events, could be a Bitcoin Conference or a local Litecoin meetup, we don’t care as long as it involves a blockchain. So we welcome all submissions, I will try and get a new form put up there in the next week but in the mean time you can PM me personally like Smoothie on our forum who will be selling his physical Bitcoins and Litecoins at the Inside Bitcoin conference in Las Vegas in December.


The London Bitcoin Expo

Speaking of communities and events here’s a good one. We first heard about the London Bitcoin Expo back in July when we attended the BTC London conference. We try to attend as many of these as possible to make sure we get to meet face to face and away from our computer screens.


This free event welcomes all people and the organisers are working very hard at making this a success


Ruth spoke to Alex who is leading the organisation of the Expo the other day and it sounds like these guys are working incredibly hard. We know just how they feel after the mission we faced in Amsterdam. There will be a stall where people can donate their goods to be sold for Crypto, a virtual treasure hunt where people can venture out in to London to unlock bounties and a fantastic lineup of Speakers.


You can register for the event on the London Bitcoin Meetup page which is run by our friend Iain Cresswell. The impact of crypto on the ground is what it’s all about.


TL;DR – Genius and the Wisdom to Remember It

Everyone wants to be the genius, the one who makes that breakthrough discovery with the razor sharp insight but what’s harder is working on the task right in front of you, the one you can work on right now. Surrounding yourself with the people who want to support you and appreciate you for what you do is one of the most important steps you can take. What is genius without the wisdom to remember it? It’s often the wisdom that can understand the genius better than the genius understood herself.


You don’t need to be the best qualified to undertake a task you simply need the determination to carry on even while everyone around you is telling you to stop.


You can find last week’s newsletter here: Just Fork It. Today special thanks go to @Ruthie for her contributions to this newsletter.



You can follow us on Twitter @Feathercoin to stay up to date.


source: https://bitcointalk.org/index.php?topic=339334.0



FRANKO. The digital currency

What is Franko?

Written by Seiko Chan


Franko is an amazing new digital currency based on cryptography. Franko coins can instantly be sent anywhere in the world over the internet for little to no cost. One Franko is denominated as 1 FRK.


Where do new Franko come from?



Franko releases new currency units into the economy at a predictable rate of 720FRK per day until the network has produced 11,235,813 FRK. New Frankos are created in a process referred to as “mining,” which involves Franko users running software that tries to calculate a complex mathematical solution that increases in difficulty based on the amount of other users trying to caclulate the same solution. One can compare it to finding a needle in a haystack. Whoever finds the needle first, earns 0.25 Frankos, anonounces the find to everyone else and then the process starts all over again. The goal is to find that needle every 30 seconds, so the more people searching for the needle the bigger the haystack becomes. Finding the Franko solution involves an incredible amount of computer processing power, and so users often collectively work together in “pools” in order to find the solution and earn Frankos on a more regular basis.


Where can you get Franko?


There are only two ways to get Franko. The first way to get Franko is by enabling your computer to confirm transactions for the network (“mining”). Confirming transaction blocks often involves an incredible amount of processing power, so users often mine together in “franko pools” in order to process transactions faster and earn Franko on a more regular basis. The second way to get Franko is simply to buy them from someone who already has them. You can earn your first Franko by following the Getting Started guide sponsored by BriefCaseIT:


http://tokyo.briefcaseit.com/GettingStarted/


Where can you spend Franko?



Cryptsy.com – Currency Exchange

Coingas.com – Buy video games with FRK

WorkForCrypto.com – Various people willing to work for Franko

CryptoSexToys – Adult toys

BriefCaseIT.com – Software development

Coins-E.com – Currency exchange

CoinJabber – Website review director

JaysJerky – Beef Jerkey

Copia – Marketplace

Dox Brothers – Private Investigators

Franko Folders – Cancer Research

16BitBet – Gambling

AltDice – Gambling


source: http://www.adviceco.in/2013/11/meet-franko-digital-currency-of-future.html


Current Version: Franko 0.8.5.1

Update by October 15th


Updates:

- added better dnsseeds

- lowered fees from 0.02 to 0.0001

- now using the latest bitcoin protocols


Franko is anonymous internet money that can be instantly transferred to anyone in the world over a secure public peer-to-peer network ran by volunteers .


Important Websites:
http://frankos.org – Main website

http://forum.frankos.org/ – Forum

http://www.reddit.com/r/Franko/ – Reddit

http://franko.freshdesk.com – Franko Helpdesk (please submit support tickets here)
http://www.github.com/franko-org/franko – sourcecode


Buy Sell Trade Frankos

- Exchanges

Cryptsy – https://www.cryptsy.com/markets/view/33

Coins-e – https://www.coins-e.com/exchange/FRK_BTC/

Auto Escro – https://bitcointalk.org/index.php?topic=210389

Koolio’s Escrow – http://www.KoolioEscrow.com


https://docs.google.com/a/frankos.org/spreadsheet/ccc?key=0Av4g8w1tEXqUdFptcHBVdExLODFDYjlCWTFtTUdkQUE#gid=0


- Products and Services

CoinJabber – http://www.coinjabber.com

CoinGas – http://www.coingas.com Buy Steam Game Codes

BriefCaseIT Consultation – http://www.briefcaseit.com SEO | Email Marketing | LinkBuilding | Project Development

Copia Market – http://www.copiamarket.com

FRK LOTO – http://www.copiamarket.com/franko-loto/

FRK Wallet – http://www.copiamarket.com/franko-wallet/

Blackjack – http://cryptoblackjack.kicks-ass.net/index.php?coin_type=20

Beef Jerky! – http://jaysjerkyandgoodies.com/How_To_Order-W3.aspx


Block Chain Explorer
http://frk.cryptocoinexplorer.com/


http://altcha.in/chain/Franko


Official Faucets


http://www.copiamarket.com/franko-faucet/index.php


http://majesti.co/freefrk/


Builds and Source: (they contain source and precompiled wallets)


Windows Binary:
http://frankos.org/downloads/Franko-0.8.5.1-Win32.zip


Ubuntu/Debian Binary:
http://frankos.org/downloads/Franko-0.8.5.1-Linux.zip


Thread with info for Yum repository:


https://bitcointalk.org/index.php?topic=205101.0


Mirror:


https://drive.google.com/folderview?id=0B-W443vRXlxGMXd5dW5Ldm01UzQ&usp=sharing


Stats:

30 second block targets

0.25 block reward

11,235,813 Total coins

difficulty retarget 4x per day

block reward halves every 22471626


Source
https://github.com/franko-org/franko/


Pools

Proportional – http://frk.dencoinpools.com/ All donations go to the FRK Collective to help fund Collective Development.

PPLNS – https://frk.d2.cc/

P2pPool – http://coinminer.net:9777/static/ – UPDATED

PPLNS – http://coinminer.net:8000/frk/

P2pPool – http://next.afraid.org:8111 – UPDATED

PPLNS – http://pool.1nusa.org:8111

PPLNS – Frankopool.com


http://franko.ub3rl33t.com/


http://franko.miningpool.co


http://frk.botpool.net


Nodes

addnode=74.196.48.62

addnode=193.6.148.18

addnode=23.21.69.181

addnode=50.116.22.43

addnode=80.47.34.212:54897

addnode=37.229.117.57:40680

addnode=69.147.229.226:37080

addnode=82.234.193.23:44067

addnode=108.208.35.34:36475

addnode=192.241.216.151:36669

addnode=190.19.238.43:54082

addnode=95.132.133.218:49509


franko.conf


server=1

rpcallowip=127.0.0.1

rpcuser=username

rpcpassword=password

rpcport=7913


Please virus scan the files and report your findings back. Happy mining.


source: https://bitcointalk.org/index.php?topic=202417.0



Monday, November 25, 2013

Alpha Technology Developing Litecoin ASIC Miner

Alpha Technology is officially announcing their partnership with Dexcel Electronics Designs, an established and well known embedded systems (FPGA) design house based in India.


The CEO of Dexcel has authored a good write-up for The Hindu, a top newspaper there, and states the Alpha Technology partnership in it. It should be in hard-copy by the time of this reading. Click here to read it in it’s entirety.


Topping this news, is another announcement from Alpha that they have, in conjunction with Dexcel, been developing the world’s first Litecoin ASIC miner!


And we quote:


“We have partnered and have for the past few months been developing together a Litecoin ASIC miner, which is a considerable achievement in the world of cryptocurrencies. Especially with the level of expertise and workforce we are bringing to the table. Dexcel’s partnership considerably brings more expertise and workforce in the ASIC and semiconductor sector, than any other ASIC company currently in the cryptocurrency market. Dexcel are also long-term design partners with Intel, Texas Instruments, Xilinx etc.”


This is more than exciting news for the Litecoin community, and cryptocurrency as a whole. Alpha Technology is looking hot right now. The news that they are developing such a ground-breaking device as this, and taking into account the news of their partnership with Dexcel, we believe it will all together catapult them into lead as one of the most innovative companies in the mining game right now.


There were lots of skeptics, and rightly so with the state of things right now, that wanted more from Alpha on their product. This news about their teaming with Dexcel Electronics Designs should go a long way in establishing their credibility.



With the big news that a well established Indian engineering company is also getting into the cryptocurrency market, we wonder how long until other major companies follow suit.


source: http://majesti.co/cryptonerd/big-scrypt-asic-miner-update-alpha-technology-developing-litecoin-asic-miner/



Max Keiser talks about Bitcoin and Litecoin on BBC Newsnight

Max Keiser talks about Bitcoin and Litecoin




Goldcoin – The Gold Standard of Digital Currency

The coin has a dedicated team behind it, who has been working diligently behind the scenes to improve and expand the crypto-currency.


With a bumpy start, but now back on track, it has an excellent captain at the helm. His name is MicroGuy, and he is tirelessly informing the masses about the potential of Goldcoin. With this great team and community behind it, we’ve got a feeling that Goldcoin’s moment is coming a down the road at a quick pace!


It comes with great pride that we can announce that there has just been a Goldcoin press release, that this blog was quoted in, that details the current work going on at Goldcoin! It covers the new Android wallet, paper wallet project, and a few other news worthy items. Thank you to the Goldcoin team for including us in the release.


Goldcoin is a Scrypt-based coin, which means you can most likely use the video card in your computer to mine them, and with the current difficulty, mining Goldcoin with a traditional computer and GPU is still profitable.


When you think “Goldcoin”, what comes to mind? We will tell you: wealth. Since the time of the Incas, and before, gold has been THE symbol of intrinsic value! Going into the future, we doubt that this fact will change any time soon. So why would you not want to be “in” on the next step in a golden history?


Some of you are just finding out about Goldcoin, and are wondering where to get them should you not have the hardware to mine them. We recommend you head over to Cryptsy.com and open an account with them. They are the #1 alt-coin exchange, and have a wide variety of coins to buy or trade on their site. If you’re in the chat box on the exchange and see BigVern (the owner of Cryptsy), or MicroGuy (Goldcoin dev), in there, do tell them that CryptoNerd sent you. There’s also the Goldcoin Forums, a popular hang-out spot for Goldcoin enthusiasts, and you can find all the latest news and updates on the coin there.


And last but not least, we would like to turn you on to the Goldcoin Report. Be informed for hours on end, if you so choose, watching the massive library of Goldcoin related videos and weekly shows that our friend MicroGuy faithfully releases on his channel.



Do check out the forums and resources on Goldcoin mentioned above. Get educated about Goldcoin, and when informed and you are ready, if Goldcoin seems like a coin you see going places, make an investment in this coin.


source: http://www.cryptonerd.co/



HashFast Open Sources Bitcoin ASIC

Today HashFast announced they are open sourcing the interface protocol used for controlling their bitcoin mining ASICs.


Open sourcing this design gives significant insight into how their bitcoin miners operate and provides a platform for driver developers. More users collaborating in driver development should allow for a more diverse set of options, and a better experience for HashFast customers.


In July HashFast announced a partnership with Uniquify to design the 400 GH/s “Golden Nonce” ASIC, and on September 5 they announced tapeout of their chips with Taiwan Semiconductor. In order to prepare driver developers for the ASICs mid-November arrival, HashFast released an 84-page document explaining how their ASICs are used and details about their interface protocol design. Avalon released a similar open source description of their chip communication spec in April, which lead to a large variety of collaborative projects.


HashFast Batch Sales

HashFast completed preorders of the Batch 1 ASICs at the beginning of September, selling an estimated 225 TH/s at $3M (563 Baby Jets running at 400 GH/s for $5,600). HashFast will likely be second to market with their 28nm ASICs, following KNC’s shipments earlier this month. Despite reports of several of KNC’s capacitors exploding and hosted miners not reaching their promised speeds, it seems a majority of KNC’s Batch 1 customers have received their units.


HashFast publicly publishes the Order Chain for their Batch 1 sales on their website. From there it is evident that out of the 563 Baby Jets sold in their first batch, they have 157 unique orders, a majority of which are single unit orders. This large percentage of retail sales has engendered a community of tinkerers eager to assist the development of the hardware and software related to HashFast’s miners. HashFast’s batch 2 and 3 sales are significantly larger than their batch 1 sales and scheduled to arrive in December. Batch 2 has recently closed out and is expected to be delivered weeks after batch 1 ships.


With HashFast open sourcing their protocol, a community of advanced driver designs may develop by the time their Batch 1 begins shipping in a few weeks. John Skrodenis, VP of Marketing and Sales for HashFast, stated that “the customer base exceeds 350 users including batch 1, 2 and 3,” so there is clearly a large customer base in need of robust software.


ASIC Mining

ASICs, application specific integrated circuits, are customized chips designed for one specific purpose. In the case of bitcoin mining, it’s to perform the double SHA256 hash required to discover new bitcoin blocks. Each of HashFast’s ASIC chips contain four dies, with each die containing 96 cores, for a total of 384 cores per chip. The complexity of designing a robust interface protocol revolves around ensuring each of these cores has a constant queue of work to perform, and efficiently reports back when an acceptable value is found.


In order to mine a block, bitcoin uses hashes of the block header to determine if a block is found. Bitcoin uses the equation SHA256( SHA256( Block_Header ) ), where SHA256 is a hashing function that returns a 256-bit hash, for example: ’00000000000000001e8d6829a8a21adc5d38d0a473b144b6765798e61f98bd1d’.


block_header

Block header information used for hashing


The difficulty is adjusted by determining the number of leading 0’s required, where more 0’s increases the difficulty of finding an acceptable hash. In order to continue trying new hashes while maintaining the block header, a “nonce” field is used which can be incremented. Hashing the same header while gradually incrementing the nonce allows new hashes to be generated without changing important header information. When an acceptable hash is found, it is published in the block header along with the relevant transactions.


The Hashing Operation

HashFast open sourcing their protocol has given insight into the operations driving their ASICs hashing. Cores are controlled through operations sent from a host’s CPU. HashFast provides each core with messages from the host CPU through an operation bus (the data link), which provide the cores with commands such as configuring clock speed (the OP_PLL_CONFIG operation), restarting the core (OP_RESET), and providing work information for hashing (OP_HASH).


hash_core

from page 14 of the Protocol Interface Guide


Hashing commands are among the most important aspects of chip design. In HashFast’s design, if an OP_HASH command is received while the core is currently hashing, it is stored in an input queue. This allows the core to have continuous work after finding an acceptable hash. Each OP_HASH operation also contains a unique sequence number used for retrieving relevant information about the hash later on.


When a hash is found that meets the difficulty requirement in the OP_HASH operation, the hash core returns back the nonce that was used, as well as the OP_HASH’s sequence number. The host can then look up the sequence number to find the block header information without having to constantly transmit it back and forth.


USB Protocol

In practice, all of these operations are controlled through HashFast’s open source USB Communications Protocol. Within their USB protocol there’s a higher level protocol, called the Global Work Queue (GWQ). The GWQ allows developers to control the operation of ASIC cores at a more abstract level, allowing the low-level work details described above to be handled internally. The goal being to provide driver developers tasks that are light on CPU power required, and to enable modest CPUs to control large scale systems.


CGMiner is an open source bitcoin mining driver that has been developed for a wide range of GPU, FPGA and ASIC miners. Adrian Port, one of HashFast’s Lead ASIC Engineers has been working with the CGMiner team to implement HashFast’s protocol. They have been using the CGMiner drivers internally while developing the GWQ interface.



Along with the release of their documentation, HashFast will also release header files they have been using. Within a few days they expect to publish the CGMiner driver they developed onto github as an example for future developers. Adrian sated, “We expect to use this protocol for the foreseeable future, through several generations of ASIC. If additions are needed, the protocol is very extensible.” Accordingly, any design work spent on HashFast’s protocol should be usable for several generations of products.


source: http://thegenesisblock.com/hashfash-announces-open-sourcing-bitcoin-mining-asic-interface-protocol/