Why is the 0xbitcoin hashrate so low?
Why is the 0xbitcoin hashrate so low?
Justin Hill
Other urls found in this thread:
medium.com
medium.com
wbtc.network
0x1d00ffff.github.io
etherscan.io
twitter.com
Gavin Murphy
It isn't, it's pretty much the same as it's been for a month or two. Reward times are a little longer than the target because I think a chinese minimg pool was mining for a while and ran up the difficulty a bit, but it's gradually coming back down now.
Ian Lopez
BTC hashrate: ~50,000,000 TH/s
0xbtc hashrate: ~4 TH/s
$9800*(4/50000000) = $0.000784
Yet, 0xBitcoin = $0.235027
Joshua Gonzalez
Oh, you meant in terms of comparing it to bitcoin. I don't think it makes any sense to do that, since it's not like price actually tracks hash rate linearly. They're roughly correlated but it's not like you can use hash rate to translate from one coin's price to another, particularly since 0xbitcoin is only on its second year now and nobody's heard of it, which makes it a completely different situation from BTC.
Eli Garcia
why don't more BTC miners switch over and earn 300 times as much for their hashrate?
Gavin Foster
The BTC miners are using ASICs that don't work for 0xBTC
Leo Murphy
LURKERS & NEWFAGS BEWARE - 0xBITCOIN WAS A BIZ PND THAT THOUSANDS OF ANONS GOT BURNT ON IN 2018
0xBitcoin was a Jow Forums invented FPGA miner scam token.
Almost everywhere online 0xBTC threads are deleted, ie plebbit, its that big of a scam.
The actual daily 24hr volume on 0xBTC is under $10,000 - CMC reported volume is 95% wash trading
Don't believe me then buy $300 worth of 0xBTC and watch the price move by 20%
Around the time that these miners were pumping 0xBTC they shilled Jow Forums CONSTANTLY with it.
There was at least 15-25 spam threads about it daily up until they dumped their bags on all the anons buying in.
It was a coordinated pump and dump and these 0xBTC scamming faggots think that Jow Forums has forgotten about what they did.
Lots of anons were fooled into buying it at $2-$4.
Now there are tons of bag holders of this shitcoin and ALL of the 0xBTC threads on Jow Forums are made by these miner faggots where they coordinate Jow Forums shilling in their 0xBitcoin discord.
This project has a better chance of always being worthless than even worth $5.
No one will really tell you the truth about this scam because so many ppl were suckered into buying it on Jow Forums
Truth is, not many ppl are smart and wise to scams and it takes a high IQ to realize that 0xBTC is a miners scam token.
What's more is the FPGA miners mining this shit are now only making about $0.08/0xBTC and it keeps dropping.
It's incredibly not profitable for anyone besides FPGA fags to mine this shit.
Don't fall for this fucking miner scam token, its always going to be worthless.
>entirely community driven
>zero money for marketing or exchange listings
>scam artists for devs - who literally orchestrated a pump and dump on bizlets
>miner shill faggots who constantly spam threads about it bc they are so desperate for you to buy their bags because LITERALLY NO ONE IS BUYING THIS SHIT ANYMORE
What's more is that 0xBitcoin DOESNT EVEN PUMP WITH LEGACY BITCOIN!!
>do not reply to 0xbtc shill posters
Jason Davis
so what you're saying is to buy as much 0xbtc as possible?
Ethan Morales
kek, I think the guy who wrote this was legitimately salty at the time and really wanted to turn people off from 0xbtc, but didn't remember that almost every single coin that shows up on Jow Forums has fud pastas like this and they never accomplish anything
Joseph Howard
One of the biggest criticisms to 0xBitcoin is that it distributes via Proof of Work, but it uses Ethereum's PoW as security rendering smart contract proof of work as redundant. I would argue that the economics of electricity-based distribution stands on it's own, however, taking a step outside of my own bias I realized that perhaps there's a point here - even better, an opportunity.
This is a diagram I put together late last year outlining a suite of potential Layer 2 applications using 0xBitcoin's proof of work. Put simply, one can propagate 0xb PoW onto Layer 2 services while keeping them decentralized. This image comes from a 2 part Medium article outlining the details of a simple system for those interested:
In essence, one can use a sort of 'merged mining scheme' to chain and secure multiple off-chain services like cross chain bridges, decentralized oracles, payment channels, or even layer 2 compute/storage systems, eventually rewarding the original miner 0xBitcoin fees for security services rendered. The really cool thing is that given the deterministic nature of 0xBitcoin's Proof of Work, these services would benefit from the security of 0xBitcoin's Proof of Work solution, without effecting any of the existing infrastructure. So all mining software and hardware, the mining pools ( shout out to Mikers ) and of course the contract itself remains unaffected. This is a new type of layer 2 infrastructure that can be daisy-chained between the mined solution and the mint() method of the 0xBitcoin contract.
We are currently experimenting with a crosschain bridge, and playing around with a layer 2 decentralized oracle. Hop on over to the discord and say 'hi', it's really friendly over there.
Hunter Mitchell
How is it a scam if mining is /decentralized/?
Why does it matter if high IQ people have FPGAs, when higher IQ people like (((you))) can build better ones of their own?
Ethan Clark
In case you're not aware, the "FPGA miner scam token" thing is a dead giveaway of how low effort this pasta is. You can easily dyor and find that there were no FPGA miners involved with the creation of the coin, it was just CPU miners then GPU miners then FPGAs showed up later, same as normal. if that weren't the case, the difficulty would have skyrocketed much, much faster than it did and probably nobody would have even bothered with mining the coin at all, since they couldn't possibly compete with the FPGA guys
Colton Thomas
also what is with all the wash trading on this? it's almost like it's being forced down
Camden Cox
That's just Mercatox, they're not actually wash trading, it's literally just fake volume. It's a shame that Mercatox is the only centralized exchange they've managed to get on so far, since they have no money. I haven't personally had Mercatox steal my money or anything, but I wouldn't put it past them. Don't put any significant amount of money there at any time, just do your trades and withdraw everything as quickly as possible.
Josiah White
>scammer posts daily topic with image + one-liner. effort: 0
>anons point out it's a scam with detailed explanations. effort: significant
>scammer comes back next week and remakes his thread
and this has been going on for the past year, so people are tired to refute this shit
besides, the pasta was posted
you're unable to refute it
you lose
you're the lowest of the low mate, basically acting like a jew but not even getting rewards for it. this is why people unironically hate pajeets - and odds are you're actually a white middle-class neet, which makes it another level of fucked up for you to fall this low
seriously take a look in the mirror user
Nicholas Cooper
yeah i just got my 0x and got out. it's on hotbit and following a similar pattern on there though
Grayson Clark
>Fudder FUDs
>doesn't even refute a basic counterargument
>calls people scammers
stay mad, faggot
Ayden Cox
Also, I definitely don't think the price is being "forced down" or anything like that. You have to look at the emission rate of new coins, there's just too much supply coming in right now for a sustained pump. I think at this point in BTC's history it didn't even have a price at all yet. On the other hand of course this just means that you can buy in at a low price, so it's not all bad. The annoying thing is that due to the pump and dump last year the chart looks like shit, but that should improve over time
Owen Butler
t. seething 0xbtc schitzo scammer faggot
Robert Torres
Never tried Hotbit but I heard that it's even worse than Mercatox. I think essentially ALL the volume of 0xBTC is actually on Mercatox, but you can't actually see how much there is because it's drowned out by Mercatox's fake volume. However if you look at the order books and trade history on Mercatox you can easily pick out the real trades from the fake ones. Don't be fooled.
I swear, if this coin ever manages to get on a legit exchange the pump will be ridiculous
Levi Collins
Why not just use Wrapped Bitcoin as a store of value on Ethereum instead of this scamcoin?
Ryder White
you just figured out why it's a scam
and now you fallen for the scam
well done
go look at the miners and see that only two big pools are mining this piece of shit
i looked at the explorer again it's literally one guy getting 90%+ of all blocks, he is wash trading to keep the price high and mining from some shithole with free electricity
they post these threads here, there and everywhere to separate you from your btc/usd whatever
Connor Collins
.Good morning, Hadji! I haven't posted in your pathetic 0xBTC shizo threads in a while. How have you been, my friend? I heard that India is experiencing a water shortage - I hope that it doesn't affect you.
P.S. Still waiting for the day you will stop shilling this old scam and finally KYS.
Yours truly,
user
Levi Collins
You are delusional. I'm not part of their "community".
>0xBitcoin was a Jow Forums invented FPGA miner scam token.
Extraordinary claims require extraordinary evidence, I see none.
>Almost everywhere online 0xBTC threads are deleted, ie plebbit, its that big of a scam.
Another statement without proof
>wash trading
Cool, I may even believe that, but what does it have to do with the coin/smart contract?
>shallow order book//low liquidity
Yep, true, but not surprising for such a new coin.
>spam threads
who cares?
>It's incredibly not profitable for anyone besides FPGA fags to mine this
Sure, and the same is true for any other PoW currency.
>entirely community driven
who cares? it's a fucking immutable smart contract
>scam artists for devs
[citation needed]
The rest of your post is just more unsubstantiated drivel.
Jaxson Anderson
WBTC crashed and burned so hard its volume is lower than even 0xBTC. Look at their dashboard kek
wbtc.network
Xavier Ward
Don't waste time responding to this guy, he's not here to argue, he's just here to post his two-part pasta ( and )
You're not going to be able to have any kind of discussion with him since he's got a hateboner for this coin and seems to be genuinely on the low IQ side
Joseph Jackson
if someone has 1 th/s worth of mining gear you can mine this shit get 20% of the blocks and dump your bags on him for comfy profits
until he decides to stop wash trading it ofc
Anthony Parker
>two big pools are mining this piece of shit
>literally one guy getting 90%+ of all blocks
Jesus dude, can't you at least keep your story straight for two consecutive sentences?
Luis Barnes
He's using the old 0xBTC pastas that put emphasis on the decentralization part, yet this shit is currently being mined and shilled by a single Indian tranny.
Caleb Sanchez
yes i edited my post while writing and couldn't be bothered to fix it
hello mike
stop shitting up the board trying to dump your bags on innocent anons please
>0x1d00ffff.github.io
Andrew Cook
>meanwhile, in 2012
LURKERS & NEWFAGS BEWARE - BITCOIN WAS A G PND THAT THOUSANDS OF ANONS GOT BURNT ON IN 2011
Bitcoin was a Jow Forums invented FPGA miner scam coin.
Almost everywhere online BTC threads are mocked, ie plebbit, its that big of a scam.
The actual daily 24hr volume on BTC is under $100,000 - Mt. Gox reported volume is 95% wash trading
Don't believe me then buy $3000 worth of BTC and watch the price move by 20%
Around the time that these miners were pumping BTC they shilled Jow Forums CONSTANTLY with it.
There was at least 15-25 spam threads about it daily up until they dumped their bags on all the anons buying in.
It was a coordinated pump and dump and these BTC scamming faggots think that Jow Forums has forgotten about what they did.
Lots of anons were fooled into buying it at $20-$30.
Now there are tons of bag holders of this shitcoin and ALL of the BTC threads on Jow Forums are made by these miner faggots where they coordinate Jow Forums shilling in their Bitcointalk forum.
This project has a better chance of always being worthless than even worth $40.
No one will really tell you the truth about this scam because so many ppl were suckered into buying it on Jow Forums
Truth is, not many ppl are smart and wise to scams and it takes a high IQ to realize that BTC is a miners scam token.
What's more is the FPGA miners mining this shit are now only making about $0.40/BTC and it keeps dropping.
It's incredibly not profitable for anyone besides FPGA fags to mine this shit.
Don't fall for this fucking miner scam token, its always going to be worthless.
>entirely community driven
>zero money for marketing or exchange listings
>scam artists for devs - who literally orchestrated a pump and dump on Jow Forumsentoomen
>miner shill faggots who constantly spam threads about it bc they are so desperate for you to buy their bags because LITERALLY NO ONE IS BUYING THIS SHIT ANYMORE
What's more is that Bitcoin DOESNT EVEN PUMP WITH THE STOCK MARKET!!
>do not reply to btc shill posters
Benjamin Ortiz
I'm not mike and I don't mine this coin at all, I just have a small amount that I bought. I just check in on these threads from time to time to make sure someone is balancing out the nonsense fud with an actual fact or two now and then
Isaiah Bennett
Because it's a worthless illiquid shitcoin
Lucas King
this.
if someone was to market sell just 5,000 0xBTC the price would tank more than 50%
there is absolutely no fucking actual volume outside of literal miners wash trading
David Morgan
>i check in sometimes
>everyday
>every thread
sure mike if you say so
Carter Sanders
Easy to make baseless accusations, harder to make a thread go your way when you're noticeably lying and not smart enough to avoid getting immediately caught out. On the other hand, I never lie, not even on Jow Forums. Or are you just going to try to play off the fact that your fud contained an obvious contradiction, which clearly means you were intentionally lying? "Couldn't be bothered to fix it"... lmfao
Austin Taylor
>deflecting
nice try MIKE
please notice my post!
if someone has 1 th/s worth of mining gear you can mine this shit get 20% of the blocks and dump your bags on him for comfy profits
until he decides to stop wash trading it ofc
Caleb Campbell
Well you're right enough that if someone got 1THs of mining gear they could mine a lot and dump. That's how PoW works. But who's deflecting here? Who's this "him"? The guy who gets 90% of the blocks that you made up and got caught out on? Protip for you, if you're gonna fud, don't lie. If you have to lie, don't get caught. Once you get caught, just leave the thread and try harder next time.
Isaiah Morris
put your money where your mouth is
Wyatt Evans
how did i make it up you stupid faggot
>0x1d00ffff.github.io
it's right here on the block explorer that MIKE.RS gets 90% of the blocks
and one account in the pool gets all the rewards
keep trying though mike
Jace Nelson
wooo i got scammed out of 100 bucks, you think people would put in this much development time to scrape pennies off of people?
Lincoln Lewis
they do when they live in places like india, venezuela and bolivia
Tyler Murphy
Since as it happens I'm not Mike and I don't mine, I haven't actually looked at this pool. I assume you mean this guy?
etherscan.io
Looks like this is the FPGA miner, who you'll notice has only started mining quite recently, and has been just mining and selling on Mercatox, which is what miners are supposed to do. I suppose I would be annoyed by this if I were a home GPU miner or something, but since I'm not I hardly see the problem. He's only got 45k in his wallet right now.
But all right, I take it back, you weren't outright lying. Feel free to fud all you want if you keep it honest
Asher Rogers
when you finally do get doxxed mike, and you will
i hope u realize you are going to live out the rest of your days as a fucking cripple.
keep scamming biz and see what happens faggot
Caleb Sanchez
Peak delusion and paranoia. Take your meds
Logan Bell
you guys ever think about why this person would fud so vehemently? you really think he cares this much about our financial well-being?
Samuel Perry
>its afraid
Oliver Sullivan
He does, I remember this guy. IIRC he was on the 0xbtc discord and said he bought near the top of last year's pnd and lost like $5000. He's literally THIS mad about $5k. If I didn't think he was probably just some white sperglord, I would assume he's actually a real dirt poor indian to care that much about such a small amount
Jason Bell
Nobody since 1995 has been afraid of a guy sperging out and making threats on the internet, particularly when they're not even actually aimed at me
Elijah Sanders
i figured it was something like that. would be nice to have discussion here about this, you would think Jow Forums would be all over a community project
Logan Hernandez
It's no different from any other coin really, you get people like this on EVERY project. Some of them are just salty, some want to fud to lower the price, etc. This is Jow Forums, if you can't put up with these kinds of guys you can't really take advantage of honest anonymous discussion. Just ignore them, and if someone looks like they're getting convinced by stale pastas just point out why the pasta is obviously wrong and leave it at that
Mason Sullivan
bamp for unusually high signal-to-noise 0xbitcoin thread
Noah Miller
you must be new to the internet.
on financial forums when scammers fuck other users out of lots of money, its been documented countless time of the scammers getting doxxed, and subsequently the victims hunting them down just to break their fucking legs
>COPE
welcome to the dangerous world of finance forums
Logan James
You go ahead and do that, big scary internet sperg, and enjoy prison. Nothing to do with me one way or another
Logan Morales
i never made any threats you illiterate faggot but i wouldnt be so sure that some user you faggots have ripped off with your 0xbtc scam arent going to break your fucking legs when you shitheads get doxxed (and you will get doxxed bc scammers always get doxxed)
Grayson Thompson
> gets shilled here 10x a day
> nobody has heard of it
Pick one bro.
Bentley Reyes
Alright schizo, enjoy jacking off to your insane revenge fantasy over losing five grand, but leave me out of it. Your stupidity might be contagious
Henry Scott
0xBTC is meant to be mined effortlessly without expensive equipment, avoiding mining cartels. This is the #1 appeal.
Jeremiah Cooper
Jow Forums is not the crypto community
Jaxson Reyes
when you fuck around with ppls money you fuck around with your own safety you fucking man child.
when you finally understand this concept you'll be a mature investor and then you'll finally understand why known scammers have ended up in body bags in murder cases that have never been solved.
>not everyone is a weak limp wristed harmless faggot like u are
Jose Turner
>your 0xbtc scam
Henry Stewart
Not true at all, it’s no different from bitcoin in terms of mining so mining centralization is inevitable. The reason I bought some is mainly the fact that it’s an immutable contract but still has extensibility via additional contracts. Immutability is hugely underrated, not even BTC itself is immutable, as the BCH/BSV clusterfuck shows. Neither is ETH
Isaac Thompson
Keep replying, raging schizo
Adam Baker
what is so hilarious is that in these threads which i have posted the pasta in for the last couple months - you seething scammer faggots never refute it because you know its right and youve been exposed. so what do you do? you just moan and bitch and cry like the pussy built soiboi little bitches you are.
how bad does it fucking hurt that you are struggling to pay your power bills and that all the worthless ERC20 mineable tokens you are so deluded into thinking has value - NOBODY EVEN WANTS TO BUY THEM - not even your own community is buying them anymore!
the order books have no fucking real buyers except the wash trades that you fucking miners make a market for!
YOUR PROJECT IS DEAD SO STOP SPAMMING BIZ WITH YOUR FUCKING SCAM
Charles Price
total current bids across all exchanges for 0xbtc:
11 ETH
you faggots are PATHETIC.
Isaac Miller
serious question. are you under medical supervision?
William Baker
>never refute it because you know its right and youve been exposed
What’s sad is that I’m sure you actually honestly believe that
Nolan Watson
C O P E
NO ONE IS BUYING YOUR SCAM TOKEN
THE ORDER BOOKS NEVER LIE
EAT SHIT AND DIE FAGGOTS YOUR SCAM IS EXPOSED
Cooper Hernandez
There's 34 ETH on the bids on Mercatox alone, right now, and has been for weeks. Mercatox prints fake trades, but there are never fake orders on the order book. Why do you put in so much effort to fud but don't bother to even check to make sure someone can't instantly refute the things you make up?
Aiden Campbell
i hope you can get some help before you injure yourself or anyone else.
Cooper King
stay mad