Friday, May 8, 2020

skyblock is in fact a dire representation of the insane and unfair state of our capitalist society

skyblock is in fact a dire representation of the insane and unfair state of our capitalist society.

many times for days on end, the commoners grind senselessly in the dragon's nest, the spruce forests, and more. the rich zoom along at 500% speed, leaving the poor and hungry in their shadows, demonstrating the cruel and harsh reality of the meritocratic ladder. some poor lads must withstand the pain and monotony of the physical labour of pearl spamming, often being paid the bare minimum by their tycoon employers, profiting double off the menial work of their employees.

in the auction house and bazaar, the unforgiving concept of the market is displayed in its finest. billions of items are transacted daily through it, allowing the cogs of the skyblock society to turn, much as it allows the cogs of ours. alas, the slightest change in the fates can make it or break it for your product. as an alarming and chilling example, the recent "pets v2" update caused the price of chicken and end stone to soar, and the price of lapis and summoning eyes to drop. how similar this is to the ongoing covid-19 pandemic, with crude oil prices bottoming out and the premium of healthcare increasing many fold. is it possible to forsee these events, and swap 15 lapis 5 minions to end stone? perhaps, but the prohibitive initial cost spooks many from daring to switch loyalties. it's almost metaphorical for the intense and risky world of business, where the value of the product you market can drop and you can do nothing about it, and few dare to venture into multiple fields where the cost of failure can be fatal and final.

criminals, dirty scum which only desire to leech and game the system to get ahead; they are present in many forms, both in skyblock and in the real world. a great and mind-blowing representation of the real criminal problem in skyblock is "14pots god splash alch 50 pots 90k entry fee /visit pewdiepie". the 14pots god splash alch 50 pots is a cryptocurrency, an up-and-coming investment. will it be bitcoin, the most value off of a single risky investment you will ever witness, or will it be schlatt coin, a sneaky exit scam to swindle your money, which most likely was made off of hours of hard work? reflect upon this, dear reader: how different is "quitting skyblock, type /coopadd NickedYoutuber to receive my gear (superior armor, 50m midas)" to "congratulations! you have won a prize of free iphone x worth $1000. click here to claim"? you are safe from the sneaky and scummy criminal practice neither in the real world nor in skyblock.

in conclusion, skyblock shares a deep and chilling message about the potential consequences and effects our harsh capitalist and meritocratic world could bring upon the human race. the similarities drawn are a warning about our profit-driven, heartless nature which will only result in the downfall of humanity.

#BitcoinHalving2020 with Bibox Grid trading fee reimbursement

I am actually jealous here

Guys, promise me. Make the best use of this event. Please!!

Details at: https://bibox.zendesk.com/hc/en-us/articles/900000848583

https://preview.redd.it/aosoou6unnx41.jpg?width=900&format=pjpg&auto=webp&s=75f6a9ca0384663f52cd4f4ad2ff6eca6edec965

I got scammed!

I was on twitter and saw an image that looked like Elon musks verified twitter account. It said go to www.elonmusk.events to get some free bitcoin. Given the current pandemic i believed it and just thought Elon being the billionaire he is was feeling generous. Without delay I continued to the website. Once i arrived i thought there’s no way this is fake. Very well thought out design. So i copy and pasted the bitcoin address and sent $500. That was alot of money to me I’m not wealthy and it hurt. Afterward i did a quick google search and quickly found out this was a scam. Too bad i didn’t take 5 minutes before i hit send. Thats the first and last time I’ll ever be scammed. Live and learn

[Daily Discussion] Saturday, May 09, 2020

Thread topics include, but are not limited to:

General discussion related to the day's events
Technical analysis, trading ideas & strategies
Quick questions that do not warrant a separate post

Thread guidelines:

Be excellent to each other.
Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:

Get an invite to live chat on our Slack group
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Weekly threads: Newbie Mondays and Fundamentals Fridays
Altcoins Discussion: Altcoin Discussion

[Altcoin Discussion] Saturday, May 09, 2020

Thread topics include, but are not limited to:

Discussion related to recent events
Technical analysis, trading ideas & strategies
General questions about altcoins

Thread guidelines:

Be excellent to each other.
All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
No discussion about specific ICOs. Established coins only.

If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

Other ways to interact:

Get an invite to live chat on our Slack group and check out the #altcoins channel
Daily Discussion for bitcoin only: Daily Discussion
Prior Altcoin Discussion: Altcoin Discussion

XT CEO Weber on behalf of XTExchange participated in the "Restructuring & Upgrading Strategy Conference" jointly organized by BiYong and Bananatok.

At 14:00 on May 8th, XT CEO Weber on behalf of XTExchange participated in the "Restructuring & Upgrading Strategy Conference" jointly organized by BiYong and Bananatok.He delivered a speech about "Building The Infrastructure Road Of TOP Exchange" at the round table conference at 16:30, and discussed issues with the head trade representatives of many industries such as Binance and Huobi, including "the performance of Bitcoin in the halving market", "the existing technology foundation of the exchange and future technology breakthroughs in the future” and "how to optimize community building and transaction transformation." This online event will be held in 14 groups of BiYong official exchanges, and at that time about 130,000 people would join.

https://preview.redd.it/bxkfywp0dnx41.png?width=375&format=png&auto=webp&s=03c626f063db49d949cfeaff8f3d355fc8226ec8

Google Searches for ‘Bitcoin Halving’ Skyrocket to Unprecedented Numbers

Google searches for “Bitcoin halving” have hit an all-time high, far exceeding the spike associated with the previous halving event by 350%.

Searches for the Bitcoin (BTC) halving event have reached 100 on Google's normalized scale, indicating their highest-ever value. At the time of the last halving in 2016, this value was at 28. This means that the current level of interest is nearly 360% higher than it was four years ago.

Still a bear market

The previous halving, which decreased the block reward from 25 BTC to 12.5 BTC, happened on July 9, 2016. Although the price had run up prior to the event, the real bull run ensued months later. This time around we have experienced a significant price appreciation since Black Thursday. However, we are still far behind Bitcoin’s all-time high of nearly $20,000.

Despite the recent bull trend, Bitcoin has been stuck in a bear market for two and a half years. In order to leave this unprecedented downturn, Bitcoin would have to break the previous high set in December 2017, 17 months after the halving.

Institutional adoption

The increase in public interest in the event is not surprising considering how much the crypto space has expanded in recent years. In addition to this natural growth, the ongoing economic crisis is likely another contributing factor to this spike.

Recently, we reported that famed hedge fund manager Paul Tudor Jones is hailing Bitcoin as a hedge against fiat inflation. The weight of his reputation in the financial industry could precipitate levels of institutional adoption that could push Bitcoin to new highs.

Cointext CTO Reveals a New Protocol That Aims to Bolster a Censorship-Resistant Economy for ... (current BTC/USD price is $9,905.17)

Latest Bitcoin News:

Cointext CTO Reveals a New Protocol That Aims to Bolster a Censorship-Resistant Economy for ...

05-09 00:44 - 'HOW THE HALVING WILL AFFECT MINERS?' (self.Bitcoin) by /u/melissaBrian0 removed from /r/Bitcoin within 4-14min

'''

With Bitcoin (BTC) block rewards expected to halve during the early hours of May 12, many analysts are starting to weigh in on what the event will mean for the crypto markets and mining community.

Three major bitcoin analyst gave their take on whether the halving is likely to comprise a “healthy rebalance”, or a catalyst for migrating hash power and rising fees.

Analysts discuss impacts of halving on miners

Johnson Xu, the chief analyst at TokenInsight, predicts the halving will have a significant impact on miners.

“A large percentage of older generation miners such as S9s will be shut down in the short term, and phase-out from the network permanently in a few months post-halving,” Ji stated.

“The bitcoin halving will result in the network in short term chaos, however, once the difficulty adjustment kicks in and self-adjust to an equilibrium state, we will see the bitcoin network back to a stable position quickly. The halving is positive to the industry in the long run.” “Bitcoin halving is a healthy rebalance to force the network to re-adjust itself into an efficient network where miners can make sufficient margin,” Ji concluded.

Halving to impact miners

While Zach Resnick, managing partner at Bitcoin SV (BSV)-focussed investment firm, Unbounded Capital, agrees that the halving will disrupt mining operation, he predicts the event will comprise anything but a healthy rebalance.

Resnick argues that the halving will wreak havoc on BTC miners and drive a migration of hash power to rival chains such as BSV or Bitcoin Cash (BCH) alongside heavy price losses.

“At the moment of the halving, many miners will become unprofitable, and some will likely move to mining BCH and BSV,” said Resnick. “As miners fall off the BTC network, block times will lengthen. If price falls, then more miners will fall off the network.”

“If transaction volume increases, fees could quickly spike to unusually high levels since block space will be more scarce due to the longer block times. High fees can make headlines that see prices continue to fall, block times continue to lengthen, and fees continue to rise.” “Because we don't believe there is a fundamental reason for prices to increase, we think it is somewhat likely that speculators waiting for a price surge will cut bait if price is stagnant, and very likely speculators will sell if prices are dropping quickly.”

“Many miners are also highly leveraged and may seek to front-run an exit if they no longer believe that a price surge is imminent,” he added.”

Will prices rise after the halving?

By contrast, NEM Ventures’ head of trading, Nicholas Pelecanos, stated that the halving “has historically signaled the start of Bitcoin's most tremendous bull runs.”

However, Pelecanos notes that the reduction in block rewards usually triggers “a brief sell-off” alongside an immediate decline in hashing power.

“The 2012 halving was followed by an immediate 10% sell-off and the 2016 sell-off witnessed an extended 38% decline. Both halvings were followed by an approximate 50-day decline in the hashrate.” Pelecanos predicts that the disruptions to miners may be temporary, stating: “If history were to repeat itself and bitcoin entered into a decline post halving, high operating cost miners may have to shut down their rigs until bitcoin reaches a sustainable price

'''

HOW THE HALVING WILL AFFECT MINERS?

Go1dfish undelete link

unreddit undelete link

Author: /u/melissaBrian0

HOW THE HALVING WILL AFFECT MINERS?

With Bitcoin (BTC) block rewards expected to halve during the early hours of May 12, many analysts are starting to weigh in on what the event will mean for the crypto markets and mining community.

Three major bitcoin analyst gave their take on whether the halving is likely to comprise a “healthy rebalance”, or a catalyst for migrating hash power and rising fees.

Analysts discuss impacts of halving on miners

Johnson Xu, the chief analyst at TokenInsight, predicts the halving will have a significant impact on miners.

“A large percentage of older generation miners such as S9s will be shut down in the short term, and phase-out from the network permanently in a few months post-halving,” Ji stated.

Halving to impact miners

Resnick argues that the halving will wreak havoc on BTC miners and drive a migration of hash power to rival chains such as BSV or Bitcoin Cash (BCH) alongside heavy price losses.

“Many miners are also highly leveraged and may seek to front-run an exit if they no longer believe that a price surge is imminent,” he added.”

Will prices rise after the halving?

By contrast, NEM Ventures’ head of trading, Nicholas Pelecanos, stated that the halving “has historically signaled the start of Bitcoin's most tremendous bull runs.”

However, Pelecanos notes that the reduction in block rewards usually triggers “a brief sell-off” alongside an immediate decline in hashing power.

A massive Bitcoin event is coming next week. Here’s what you need to know.

https://mashable.com/article/bitcoin-halving-2020/

Hydroponic lettuce delivered by drone and paid via BTC Lightning Network!

HYDROPONIC FLYER 2020

One month ago, on April 7, 2020, we announced that we would be the first in the world to deliver hydroponic lettuces by drone, which would be purchased for bitcoin. On Thursday, April 30, 2020, a drone flew with two lettuces and two protective face masks landed in the same hands that had ordered the shipment a few minutes earlier by sending a bitcoin transaction on the Lightning Network. Whether you watched the event in the live stream or not, the recording of the event is attached for you below.

https://youtu.be/XTwWci4QiH0

But what actually happened on Thursday? On the one hand, there was an experimental, non-commercial drone flight. On the other hand, it was also the first step on the way to starting the real expansion of drone technology as a delivery tool. We consider the approach we have been applying in the Parallel Garden project for a year and a half to be the way to this result. What is this approach about?

Open-source principle: In the autumn of 2018, we built a small hydroponic system for 21 salads for the cafeteria Bitcoin Coffee in Paralelní Polis, Prague. Subsequently, using an open-source approach to the GitHub platform, we published all documentation on the construction and operating economics of this system. The aim was to enable anyone to follow us, whether in close cooperation or even without our knowledge. Since then, two separate projects with a brand have been created in Slovakia, following up on our basic documentation and develop the principles of hydroponics. We have since inspired dozens of other people to do
our own work in this field. And one of the reactions to our activities was also the response of a professional drone racer, who arrived at one of the Enviro Meetups and was flying around in the premises of Paralelní Polis with a drone carrying a tempeh wrap. The idea of connecting two progressive technologies, drones and hydroponics, was born.

Lean methodology: The motto often used is "Think big". We share this idea as well (otherwise we would not be able to embark on an experimental action of this kind with many strangers). However, we do not share its misinterpreted form, which often leads to the greatest possible grandiose realization, without precedent honest testing. We always test and develop on a smaller scale first and then scale up. The drone flight performed was an experimental solution, however, at the same time it contained all the components that would be needed to perform it in regular operation. Above all, it covers a functional hydroponic system, drone, bitcoin transaction, higher user friendliness by automated order, etc. We have already learned to a large extent how many technical, logistical, security and legal conditions must be ensured in order to use the technology in this way.

Now what? We will gradually publish the entire solution and know-how we have gathered in recent weeks so that we can build on us. We hereby invite you all to build on the published know-how and join the path to the introduction of the first drone commercial line. We offer the capabilities of our team available for a wider open-source cooperation in order to reach the first regular line and a scale the technology faster, not only in the Czech Republic. As a first step to enable cooperation with individuals and companies, we will begin to release and publish the acquired know-how, including the legal solution applied by us for the first drone-delivery and the possibilities of how to build on it. Contact us or start on your own.

The future is here, we just have to do it.

Open-source call for either direct or indirect cooperation to initiate the first commercial lines for testing automated drone transport and urban hydroponics. The drone-delivery open-source sharing begins on Tuesday, May 12, 2020 -> here :https://github.com/ParallelGarden/Hydroponics-in-a-box.

#droneslightningandgarden #futureisnow #paralelnapolis #paralelnipolis #parallelgarden #libertasmovie #3dgarden #lightning #nethemba #citadelo #chatanahranicich #hausnatura #blockchainlegal #skywalksystems

Hydropony, Bitcoin, Lightning Network, Drones... Future is now.

Bitcoin Halving: Great Expectations

The cryptocurrency world is agitated by a major event – less than a week left before the bitcoin halving. Despite the huge turmoil that the economy has experienced amid the epidemic, the first cryptocurrency continues to recover its position. Will this positive trend continue after the reduction of the reward, or has the coin already drained its potential for growth during the months of quarantine?

by StealthEX

Halving is a function programmed for the bitcoin network by its creators. It consists in reducing the reward for mining new blocks in half after every 210,000 blocks. This mechanism controls and restricts the issue of coins, which itself affects the value of the crypto asset. In fact, the halving is a counteraction to coin inflation, maintaining the high value of the coin on the market. Bitcoin itself, as a payment asset, was created in response to the financial crisis of 2008, when inflation captured the world economy, and fiat money began to lose its value dramatically.

It is difficult to assess with great certainty how this event will affect bitcoin. There were just two halvings in the prior history of bitcoin, and they occurred before it became a widely known phenomenon. Besides, sudden and considerable adjustments were made by the COVID-19 epidemic, which caused incredible turbulence in the economy of the entire world. There is no consensus among bitcoin holders: someone believes that the coin is about to begin its large-scale rally, someone that we are waiting for another fall.

Some analysts assume that until the fall, bitcoin and other cryptocurrencies will gradually become cheaper due to the outflow of initial capital. In addition to this, the reduction of the reward for miners to launch a lot of processes to reorganize the cryptocurrency market, which also may have a negative impact. However, there are significantly more of those who support the idea that bitcoin will gain at price after halving.

To date, 18 million BTC’s of 21 million planned have already been produced and reducing the issue of new coins will decrease supply and make bitcoin a more scarce asset. Based on this logic, the price of it should increase significantly after the halving.

Worth noting, many analysts don’t believe in an instant jump in price, rather talking about a long-term positive trend. According to some experts, the cryptocurrency market will be able to hit its previous highs only after the global crisis is over, and this will not happen until 2021. It is also suggested that the main growth has already taken place, and the investment potential was expended on overcoming the crisis, therefore, the bitcoin may remain in a flat trend for a long time.

Even though the halving has high expectations as the main positive trigger for the crypto market, a number of experts say that the significance of this event is overestimated. The impact of the overall economic conditions is hardly less important. Thus, it is best to talk about a combination of all these factors.

Until recently, digital money was perceived solely as risky assets, but now, against the backdrop of severe economic shocks, things are somewhat different. In an attempt to keep the economy afloat, the authorities of various countries are pumping liquidity into their financial systems. Halving bitcoin offers a quantitative tightening as an alternative for this rampant quantitative easing.

Morgan Creek Digital co-founder Anthony Pompliano in one of his latest interviews predicts that bitcoin will hit $100,000 at the end of 2021. The reason for that, he says, is a combination of the macro-environment with the halving structure. “[In] the United States, we’ve announced two trillion dollars in stimulus. Japan just approved an almost one trillion dollar stimulus plan. They’re devaluing their currencies and when that occurs people are going to seek out inflation hedge assets like gold, Bitcoin, real estate, et cetera.” With the supply shock, continues Pompliano, and the same or even increased level of demand, there will be natural growth in price.

Now that is clear that despite the volatility of bitcoin, it is able to recover quite successfully. There is a significant increase in interest among institutional investors, which may indicate that a growing number of people are beginning to consider bitcoin as a new protective asset.

The member of the Bitcoin foundation’s board of directors, Bobby Lee, forecasts $25,000 by the end of this year.

“The past few weeks show that we will see a significant price jump ahead of the third block halving as mainstream investors turn to bitcoin as a safe haven asset whose supply is decreasing.” — Bobby Lee

It is worth being cautious, relying on price predictions that promise fabulous prices in the very near future. However, most of the facts suggest that the holders of bitcoin did not make a mistake with their choice for investment.

Original article was posted on https://stealthex.io/blog/2020/05/06/bitcoin-halving-great-expectations/

‘Your money is safe at the banks!‘ El Risitas recaps the political, economical and financial events of early 2020 and comes to a clear conclusion pro Bitcoin.

https://v.redd.it/nq6my4zm9ix41

‘Your money is safe at the banks!‘ El Risitas recaps the political, economical and financial events of early 2020 and comes to a clear conclusion pro Bitcoin. (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/gfpkvq/your_money_is_safe_at_the_banks_el_risitas_recaps/

Let’s Celebrate Bitcoin With a Three-Day PrimeBit Pizza Weekend Promo

Don’t believe Bitcoin can go any higher? Well, here at the cryptocurrency community we have a special holiday to remind us how far have gone so far.

This year we celebrate the 10th anniversary of the first Bitcoin transaction. The event took place in Florida. One of the cryptocurrency pioneers Laszlo Hanyecz paid 10,000 Bitcoins (!) for two pizzas. The bill was $40 back then. How much would it be by today’s prices? Roughly $86.5 million.

We are going to celebrate Bitcoin with a special Three-Day PrimeBit Pizza Weekend Promo. Everyone gets 20% off the taker fee (the only fee you pay for trading with PrimeBit). Over the whole weekend, from May 22, 2020, at 00:00:01 UTC, to May 24, 2020, at 23:59:59 UTC. Terms and Conditions may apply.

The first remote Bitcoin transaction

Back in 2010, Laszlo Hanyecz wrote on a Bitcointalk forum:

“I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day.”

A fellow bitcoin owner nicknamed “jercos” on the form picked the offer. This was an experiment on the behalf of buyer — can I get anything of value for the cryptocurrency. That’s why at the moment of the transaction “jercos” already made a substantial profit as he received $41 and paid $25 for two pizzas.

The event is celebrated every year to remind Bitcoin holders that there’s much more room to grow yet. Especially on the eve of the next Bitcoin halving .

Make sure you profit from our promo

Get ready for the Pizza Weekend and start trading with PrimeBit now.

You can also use the Pizza Weekend Promo to expand and animate your affiliate network. You can offer personalized discounts to your friends, followers, and readers. For every account created with your referral link, you can get up to 20% lifetime revenue share.

PrimeBit designers have prepared special ads to help you make the most of this opportunity. Here’s how to find them.

You will see a quick Referral Link access. Go to to the “PRO affiliate panel”.

In the Affiliate Panel choose “Marketing tools”, and then pick the “Pizza Weekend Promo” section at the very top of the list.

Choose the ad size (1), the campaign you want to assign it with (2), and click the “COPY” button to copy the HTML code to your clipboard.

You can paste the code on your blog, website, social media profile, or e-mail campaign.

Enjoy the Pizza Weekend!

Asian shares, bitcoin rally in positive day for financial markets (current BTC/USD price is $9,766.41)

Latest Bitcoin News:

Asian shares, bitcoin rally in positive day for financial markets

Bitcoin halving event

What is everyones predictions for the price of BTC after the halving event? Are we going to see a surge short-mid term? Or is it going to be like previous events and have a price correction? Kinda new to BTC and would like some experienced members opinion's!

Bitcoin halving event (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/gfp7qw/bitcoin_halving_event/

Bitcoin Halving and Consensus Algorithm

https://preview.redd.it/xbmsd5ir8ix41.png?width=1400&format=png&auto=webp&s=609d506b0c6c90e467b95da2510fef27fcfcfcdd

Bitcoin Halving and Its Affects

Every 210,000 blocks, or approximately once every four years, Bitcoin undergoes a halving event where the mining rewards are cut in half. The current block reward is 12.5 BTC/block, and the next halving is expected to take place on 12 May 2020. From block number 630,001, the block rewards will be reduced to 6.25 Bitcoin. This process is supposed to continue until the last Bitcoin has been mined.

Halvings are done to preserve the value of Bitcoin through the laws of supply and demand. If Bitcoins are mined too quickly, and there is insufficient market demand, their value will drop. Historically, the halvings have always positively affected the price of Bitcoin in the months and years following the event when Bitcoin reached new all-time-highs.

What is Bitcoin Mining and How Does it Work?

Bitcoin is a decentralized currency. It doesn’t use the services of a bank or another central institution to transfer the assets. Instead, Bitcoin has a blockchain and its transaction records are stored for eternity.

The people who store these transactions on the blockchain are called miners. Miners are financially incentivized to confirm transactions. The confirmations are done by solving complex computational problems. Whoever solves the problem receives a fixed reward in Bitcoin.

Likewise, Bitcoin relies on a Proof-of-Work (PoW) consensus algorithm. It bets on the strength and efficiency of the underlying hardware. PoW coins are mostly mined through GPUs and ASIC miners. In the past, Bitcoin could be mined with your PC’s CPU. The mining network wasn’t big, and the rewards were appealing. That is no longer the case. The mining difficulty has increased and today, mining is handled via countless expensive ASIC miners.

PoW mining is, therefore, profitable only to those who have made substantial hardware investments and not to the ordinary man. PoW consumes much electricity, and the Bitcoin network generates a block every 10 mins on average, which makes it more difficult for ordinary miners to get block rewards.

What is Proof of Formulation?

In the case of FLETA, it utilizes its own consensus algorithm: Proof-of-Formulation (PoF). This algorithm consists of 2 main actors:

Formulators — the block generators, the equivalent of PoW miners.
Observer Nodes — validate, confirm, and sign transactions in real-time, and prevent forks and double-spending.

Formulators

In contrast to PoW, where better hardware equipment is equal to bigger rewards, in PoF, all Formulators take part in block generation according to a pre-determined order. Once everyone has had their turn, a new mining phase starts, and all Formulators are arranged according to a new random sequence. No competition and equal mining opportunities for everyone!

To become a formulator, a user needs to register and stake 200,000 FLETA tokens at the FLETA Formulator Portal or FLETA Wallet. There is a maintenance fee to be paid every month. The mining is performed through FLETA cloud mining, and the user doesn’t need to set up a server on his own. Formulators can be upgraded for more efficiency and better performance. This is explained in more detail here.

Observer Nodes

Observers secure the network and prevent DDoS attacks. 5 Observers are assigned to each Formulator group. At least 3 of them are required to sign the transactions and include them in the blockchain. This system makes a fork impossible because the first block with three signatures will be included in the blockchain.

In the End

Proof-of-Formulation is fast, fair, and secure, thanks to the watchful eyes of the Observer Nodes, and their bond with Formulators. The results show that PoF allows 14,000 transactions/second and a block creation time of only 0.5 seconds/block.

✅Cryptocurrency Adoption In Africa | Why Africa Can Be The Next Crypto Hub?

There are various reasons why Africa could be the next cryptocurrency hub, some of which are explained in this article. Read this guide if you are also interested in knowing about the cryptocurrency adoption in Africa and whether it could become one of the crypto hubs in cryptocurrency or not. 👉🏻https://bit.ly/3clmEgs

#cryptocurrency #cryptocurrencyhub #cryptocurrencyadoption #Bitcoin #Cryptohubs #cryptocurrencyadoptioninAfrica #Fiatcurrency #Cryptonews #bitcoinnews

Antminer T17 Hashboard Repair Guide Manual Overview and Download | Zeus Mining (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/gfp3g5/antminer_t17_hashboard_repair_guide_manual/

WenX Bitcoin Halving Promotion - BTC Lucky Draw

https://preview.redd.it/vwu2a92cuhx41.png?width=2500&format=png&auto=webp&s=bf44800fddedd5ce933467e42adad3e3796e6995

Dear WENX users,

In order to show appreciation for your support to WENX, we will host an campaign – ‘Bitcoin Halving Promotion – BTC Lucky Draw’.

Activity Details:

Round 1

WWENI Lucky Ticket

Purchase Start Time: 08 May 2020 12:00 (Singapore Time)

Purchase End Time: 08 May 2020 23:59 (Singapore Time)

Lucky Draw

Start Time: 9 May 2020 20:00 (Singapore Time)

Round 2

WWENI Lucky Ticket

Purchase Start Time: 09 May 2020 09:00 (Singapore Time)

Purchase End Time: 09 May 2020 23:59 (Singapore Time)

Lucky Draw

Start Time: 10 May 2020 20:00 (Singapore Time)

Round 3

WWENI Lucky Ticket

Purchase Start Time: 10 May 2020 09:00 (Singapore Time)

Purchase End Time: 10 May 2020 23:59 (Singapore Time)

Lucky Draw

Start Time: 11 May 2020 20:00 (Singapore Time)

Purchase Price: 10 USDT/WWENI (every round)
Purchase Sets: 1 set for one person (every round)
Total Sets: 1,000 sets (every round)
Click here to join: https://www.wenxpro.com/xo/item/WWENI-USDT-7146-20200507225928

Each round of Lucky Draw prize details follows by:

20 Winners In Total

Example: If 10,000 USDT is collected, 95% of it (9,500 USDT) will go into the prize pool. A user wins the 1st prize award of BTC which is equivalent to 2,375 USDT (25% of 9,500 USDT).

Event Rules:

Each account needs to complete real-name authentication
Must complete phone verification to be eligible to participate in the activity
20 prizes will the only giveaway at this event

Mechanism:

Every participant buys 1 set of WWENI with USDT in this event.
Buy 1 set of WWENI is equal to 1 lucky ‘ticket’.
95% of all USDT collected goes into the prize pool (rounded to the nearest whole USDT), the highest price of BTC/USDT spot trading pairs on the current day will be used as the standard to purchase BTC and distribute to the winners.
WWENI purchased is release on spot.

Additional instructions:

For the next day of the event, WENX will organize in our telegram https://t.me/WenXpro_cn by using the RNG method to draw the 20 prizes awarded.
If the ticket that already won a prize, we will skip and generate another number since one ticket can only win one prize.
The event prize will be distributed to the user with BTC within 5 working days after the event ends.
All Rules and Regulations of this event are subject to interpretation by WENX whose decision shall be final. Any fraudulent transaction or the intent to defraud will result in the disqualification of the rights to the reward.

WENX

08 May 2020