ANTMINER S4 Tips For setup And Max Hashrates! : BitcoinMining

I literally have tens of thousands of dollars in top-shelf hardware, looking to repurpose some before selling on eBay to build a NAS system, possibly a dedicated firewall device as well. o_O

Q1) What will you be doing with this PC? Be as specific as possible, and include specific games or programs you will be using.**

A1) This will be a dedicated NAS system for my home network. As such, I'm looking to have it:

- Host ##TB's of 720, 1080 & up resolution Movies and TV Shows I'm about to begin ripping from a MASSIVE DVD & Blueray collection I have.

- My kids are big on Minecraft. I understand it's possible to host your own "worlds" (or whatever they call the maps you can build) on your own "server". I think it would be pretty neat to offer them (& their friends - if can be done 'safely/securely') their own partition on one of my NAS HDD's.

- I also have accounts with a couple diff VPN companies... I understand it's possible (?) to sync said VPN's with a NAS, this might be a more relative topic on the next point/purpose...

- I'd like to be able to remotely link to this NAS for when I travel overseas and want to stream at my temp location from my house/this NAS.
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Q2) What is your maximum budget before rebates/shipping/taxes?**

* A2) Here's where I make matters more complicated than most others would... I've been an advocate for Bitcoin and crypto-currencies in general since 2013. I invested in a small mining outfit back in 2014 (strictly Bitcoin/ASIC's). One of my buddies is the President of a large-scale mining operation (foreign and domestic) and he convinced me to dabble in the GPU mining-space. I made my first hardware purchase in Q4, 2017 and launched a small-scale GPU-Farm in my house since then. I had the rigs mining up until Q3 of 2018 (not cost-efficient to keep on, especially living in SoFlo) and since then, the hardware's been collecting dust (& pissing off my family members since they lost access to 3X rooms in the house - I won't let anyone go near my gear). One of my New Years Resolutions for 2019 was to clear out the house of all my mining equipment so that's all about to go up on eBay. So "budget" is relative to whatever I "MUST" spend if I can't repurpose any of the parts I already have on hand for this build... (Anyone having something I "need" and is looking to barter for one of the items I'll list later on in here, LMK).
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Q3) When do you plan on building/buying the PC? Note: beyond a week or two from today means any build you receive will be out of date when you want to buy.**

A3) IMMEDIATELY! :)
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Q4) What, exactly, do you need included in the budget? (ToweOS/monitokeyboard/mouse/etc\)**

A4) Well I had a half-assed idea approximately 1 year ago that it might be wise to build a bunch of 'gaming rigs' to sell on eBay with my intended repurposed mining hardware so I went on a shopping spree for like 6 months. That said; I've got a plethora of various other components that aren't even unboxed yet. 90% of the items I've purchased for this additional project were items that were marked down via MIR (mail-in-rebates) & what-not...
AFAIK, there are only 3X items I absolutely do not have which I 'MUST' find. Those would be - 1) Motherboard which accepts "ECC RAM". 2) CPU for said MOBO. 3) Said "ECC RAM".\* 
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Q5) Which country (and state/province) will you be purchasing the parts in? If you're in US, do you have access to a Microcenter location?**

A5) I'm located in Southwest Florida. No Microcenter's here. Best Buy is pretty much my only option although I am a member of Newegg, Amazon & Costco if that makes any difference?
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Q6) If reusing any parts (including monitor(s)/keyboard/mouse/etc), what parts will you be reusing? Brands and models are appreciated.**

A6) In an attempt to better clean up this Q&A, I'm going to list the items I have on-hand at the end of this questionnaire in-case passers-by feel like this might be a TLDR.* (Scroll to the bottom & you'll see what I mean).
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Q7) Will you be overclocking? If yes, are you interested in overclocking right away, or down the line? CPU and/or GPU?**

A7) I don't think that's necessary for my intended purpose although - I'm not against it if that helps & FWIW, I'm pretty skilled @ this task already (it's not rocket science).
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Q8) Are there any specific features or items you want/need in the build? (ex: SSD, large amount of storage or a RAID setup, CUDA or OpenCL support, etc)**

A8) As stated in A4; ECC RAM is non-negotiable... RAID seems like a logical application here as well.

- This will predominantly be receiving commands from MacOS computers. I don't think that matters really but figured it couldn't hurt to let you guys know.\*

- I'd also be quite fond of implementing "PFSENSE" (or something of that caliber) applied to this system so I could give my Netgear Nighthawks less stress in that arena, plus my limited understanding of PFSENSE is that it's ability to act as a firewall runs circles around anything that comes with consumer-grade Wi-Fi routers (like my Nighthawks). Just the same, I'm open to building a second rig just for the firewall.\*

- Another desirable feature would be that it draws as little electricity from the wall as possible. (I'm EXTREMELY skilled in this arena. I have "Kill-A-Watts" to test/gauge on, as well as an intimate understanding of the differences between Silver, Gold, Platinum and Titanium rated PSU's. As well as having already measured each of the PSU's I have on-hand and taken note of the 'target TDP draw' ("Peak Power Efficiency Draw") each one offers when primed with X amount of GPU's when I used them for their original purpose.\*

- Last, but not least, sound (as in noise created from the rig). I'd like to prop this device up on my entertainment center in the living room. I've (almost) all of the top-shelf consumer grade products one could dream of regarding fans and other thermal-related artifacts.

- Almost forgot; this will be hosting to devices on the KODI platform (unless you guys have better alternative suggestions?)
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Q9) Do you have any specific case preferences (Size like ITX/microATX/mid-towefull-tower, styles, colors, window or not, LED lighting, etc), or a particular color theme preference for the components?**

A9) Definitely! Desired theme would be WHITE. If that doesn't work for whatever reason, black or gray would suffice. Regarding "Case Size". Nah, that's not too important although I don't foresee a mini-ITX build making sense if I'm going to be cramming double digit amounts of TB in the system, Internal HDD's sounds better than a bunch of externals plugged in all the USB ports.
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Q10) Do you need a copy of Windows included in the budget? If you do need one included, do you have a preference?**

A10) I don't know. If I do need a copy of Windows, I don't have one so that's something I'll have to consider I guess. I doubt that's a necessity though.
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**Extra info or particulars:*\*

AND NOW TO THE FUN-STUFF... Here's a list of everything (PARTS PARTS PARTS) I have on-hand and ready to deploy into the wild &/or negotiate a trade/barter with:

CASES -
Corsair Carbide Series Air 540 Arctic White (Model# Crypto-Currency-9011048-WW) - (Probably my top pick for this build).
Cooler Master HAF XB EVO (This is probably my top 1st or 2nd pick for this build, the thing is a monster!).
Cooler Master Elite 130 - Mini ITX - Black
Cooler Master MasterBox 5 MID-Tower - Black & White
Raidmax Sigma-TWS - ATX - White
MasterBox Lite 5 - ATX - Black w/ diff. Colored accent attachments (included with purchase)
NZXT S340 Elite Matte White Steel/Tempered Glass Edition
EVGA DG-76 Alpine White - Mid Tower w/ window
EVGA DG-73 Black - Mid Tower w/ window (I have like 3 of these)

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CPU's -
***7TH GEN OR BELOW INTEL's ("Code Name Class mentioned next to each one)**\*
Pentium G4400 (Skylake @54W TDP) - Intel ARK states is "ECC CAPABLE"
Celeron G3930 (Kaby Lake @ 51W TDP) - Intel ARK states is "ECC CAPABLE" :)
i5 6402P (Skylake @65W TDP) - Intel ARK states is "NOT ECC CAPABLE" :(
i5 6600k (Skylake @ 91W TDP) - Intel ARK states is "NOT ECC CAPABLE" :(
i7 6700 (Skylake @ 65W TDP) - Intel ARK states is "NOT ECC CAPABLE" :(
i7 7700k (Kaby Lake @ 95W TDP) - Intel ARK states is "NOT ECC CAPABLE" :(


***8TH GEN INTEL's **\*
i3-8350K (Coffee Lake @91W TDP) - Intel ARK states is "ECC FRIENDLY" :)
I5-8600K (Coffee Lake @95W TDP) - Intel ARK states is "NOT ECC CAPABLE" :(


***AMD RYZEN's **\*
Ryzen 3 2200G
Ryzen 5 1600
Ryzen 7 1700X

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MOTHERBOARDS -

***7TH GEN AND BELOW INTEL BASED MOBO'S - **\*
MSI Z170A-SLI
ASUS PRIME Z270-A
ASUS PRIME Z270-P
ASUS PRIME Z270-K
EVGA Z270 Stinger
GIGABYTE GA-Z270XP-SLI
MSI B150M ARCTIC
MSI B250M MICRO ATX (PRO OPT. BOOST EDITION)

***8TH GEN INTEL BASED MOBO'S - **\*
EVGA Z370 FTW
GIGABYTE Z370XP SLI (Rev. 1.0)
MSI Z370 SLI PLUS


***AMD RYZEN BASED MOBO'S - **\*
ASUS ROG STRIX B350-F GAMING
MSI B350 TOMAHAWK
MSI X370 GAMING PRO
ASROCK AB350M PRO4
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RAM -

Way too many to list, nothing but 4 & 8GB DDR4 sticks and unfortunately, none are ECC so it's not even worth mentioning/listing these unless someone reading this is willing to barter. At which time I'd be obliged to send an itemized list or see if I have what they're/you're specifically looking for.\*
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THERMAL APPLICATIONS/FANS -
JUST FANS -
BeQuiet -
Pure Wings 2 (80mm)
Pure Wings 2 (120mm)
Pure Wings 2 (140mm)
Silent Wings 3 PWM (120mm)

NOCTUA -
PoopBrown - NF-A20 PWM (200mm) Specifically for the BIG "CoolerMaster HAF XB EVO" Case
GREY - NF-P12 Redux - 1700RPM (120mm) PWM
Corsair -
Air Series AF120LED (120mm)

CPU COOLING SYSTEMS -
NOCTUA -
NT-HH 1.4ml Thermal Compound
NH-D15 6 Heatpipe system (this thing is the tits)

EVGA (Extremely crappy coding in the software here, I'm like 99.99% these will be problematic if I were to try and use in any OS outside of Windows, because they barely ever work in the intended Windows as it is).
CLC 240 (240mm Water-cooled system
CRYORIG -
Cryorig C7 Cu (Low-Profile Copper Edition*)

A few other oversized CPU cooling systems I forget off the top of my head but a CPU cooler is a CPU cooler after comparing to the previous 3 models I mentioned.
I almost exclusively am using these amazing "Innovation Cooling Graphite Thermal Pads" as an alternative to thermal paste for my CPU's. They're not cheap but they literally last forever.

NZXT - Sentry Mesh Fan Controller
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POWER SUPPLIES (PSU's) -
BeQuiet 550W Straight Power 11 (GOLD)

EVGA -
750P2 (750W, Platinum)
850P2 (850W, Platinum)
750T2 (750W, TITANIUM - yeah baby, yeah)

ROSEWILL -
Quark 750W Platinum
Quark 650W Platinum

SEASONIC -
Focus 750W Platinum
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STORAGE -
HGST Ultrastar 3TB - 64mb Cache - 7200RPM Sata III (3.5)
4X Samsung 860 EVO 500GB SSD's
2X Team Group L5 LITE 3D 2.5" SSD's 480GB
2X WD 10TB Essential EXT (I'm cool with shucking)
+ 6X various other external HDD's (from 4-8TB) - (Seagate, WD & G-Drives)
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Other accessories worth mentioning -
PCI-E to 4X USB hub-adapter (I have a dozen or so of these - might not be sufficient enough &/or needed but again, 'worth mentioning' in case I somehow ever run out of SATA & USB ports and have extra external USB HDD's. Although, I'm sure there would be better suited components if I get to that point that probably won't cost all that much).
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Needless to say, I have at least 1X of everything mentioned above. In most all cases, I have multiples of these items but obviously won't be needing 2X CPU's, Cases, etc...

Naturally, I have GPU's. Specifically;

At least 1X of every. Single. NVIDIA GTX 1070 TI (Yes, I have every variation of the 1070 ti made by MSI, EVGA and Zotac. The only brand I don't have is the Gigabyte line. My partners have terrible experience with those so I didn't even bother. I'm clearly not going to be needing a GPU for this build but again, I'm cool with discussing the idea of a barter if anyone reading this is in the market for one.

I also have some GTX 1080 TI's but those are already spoken for, sorry.

It's my understanding that select CPU's I have on this list are ECC Friendly and AFAIK, only 1 of my MOBO's claims to be ECC Friendly (The ASROCK AB350M PRO4), but for the life of me, I can't find any corresponding forums that confirm this and/or direct me to a listing where I can buy compatible RAM. Just the same, if I go w/ the ASROCK MOBO, that means I'd be using one of the Ryzens. Those are DEF. power hungry little buggers. Not a deal-breaker, just hoping to find something a little more conservative in terms of TDP.


In closing, I don't really need someone to hold my hand with the build part as much as figuring out which motherboard, CPU and RAM to get. Then I'm DEFINITELY going to need some guidance on what OS is best for my desired purpose. If building 2X Rigs makes sense, I'm totally open to that as well...
Rig 1 = EPIC NAS SYSTEM
Rig 2 = EPIC PFSENSE (or the like) DEDICATED FIREWALL

Oh, I almost forgot... The current routers I'm using are...
1X Netgear Nighthawk 6900P (Modem + Router)
1X Netgear Nighthawk X6S (AC 4000 I believe - Router dedicated towards my personal devices - no IoT &/or Guests allowed on this one)
1X TP-Link Archer C5 (Router). Total overkill after implementing the Nighthawks but this old beast somehow has the best range, plus it has 2X USB ports so for now, it's dedicated towards my IoT devices.
---- I also have a few other Wi-Fi routers (Apple Airport Extreme & some inferior Netgear's but I can only allocate so many WiFi Routers to so many WiFi channels w/out pissing off my neighbors) On that note, I have managed to convince my neighbors to let me in their house/WiFi configuration so we all have our hardware locked on specific, non-competing frequencies/channels so everyone's happy. :)


Please spare me the insults as I insulted myself throughout this entire venture. Part of why I did this was because when I was a kid, I used to fantasize about building a 'DREAM PC' but could never afford such. To compensate for this deficiency, I would actually print out the latest and greatest hardware components on a word document, print the lists up & tape to wall (for motivation). I was C++ certified at the age of 14 and built my first PC when I was 7. At the age of 15 I abandoned all hope in the sector and moved on to other aspirations. This entire ordeal was largely based off me finally fulfilling a childhood fantasy. On that note = mission accomplished. Now if I'm actually able to fulfill my desires on this post, I'm definitely going to feel less shitty about blowing so much money on all this stuff over the last couple years.

TIA for assisting in any way possible. Gotta love the internets!


THE END.
:)

EDIT/UPDATE (5 hours after OP) - My inbox is being inundated with various people asking for prices and other reasonable questions about my hardware being up for sale. Not to be redundant but rather to expound on my previous remarks about 'being interested in a bartetrade' with any of you here...

I did say I was going to sell my gear on eBay in the near future, I also said I wanted to trade/barter for anything relative to helping me accomplish my OP's mission(s). I'm not desperate for the $$$ but I'm also not one of those people that likes to rip other people off. That said; I value my time and money invested in this hardware and I'm only willing to unload it all once I've established I have ZERO need for any of it here in my home first. Hence my writing this lengthy thread in an attempt to repurpose at least a grand or two I've already spent.

One of the most commonly asked questions I anticipate receiving from interested bodies is going to be "How hard were you on your hardware?" Contrary to what anyone else would have probably done in my scenario which is say they were light on it whether they were or weren't, I documented my handling of the hardware, and have no problem sharing such documentation with verified, interested buyers (WHEN THE TIME COMES) to offer you guys peace of mind.

I have photo's and video's of the venture from A-Z. I am also obliged to provide (redacted) electricity bill statements where you can correlate my photo's (power draw on each rig), and also accurately deduct the excess power my house consumed with our other household appliances. Even taking into consideration how much (more) I spent in electricity from keeping my house at a constant, cool 70-72F year-round (via my Nest thermostat). Even without the rigs, I keep my AC @ 70 when I'm home and for the last 1.5-2 years, I just so happened to spend 85% of my time here at my house. When I would travel, I'd keep it at 72 for my wife & kids.
Additionally; I had each GPU 'custom' oveunderclocke'd (MSI Afterburner for all GPU's but the EVGA's).*
I doubt everyone reading this is aware so this is for those that don't.... EVGA had the brilliant idea of implementing what they call "ICX technology" in their latest NVIDIA GTX GPU's. The short(est) explanation of this "feature" goes as follows:

EVGA GPU's w/ "ICX 9 & above" have EXTRA HEAT/THERMAL SENSORS. Unlike every other GTX 1070 ti on the market, the one's with this feature actually have each of 2/2 on-board fans connected to individual thermal sensors. Which means - if you were to use the MSI Afterburner program on one of these EVGA's and create a custom fan curve for it, you'd only be able to get 1/2 of the fans to function the way intended. The other fan simply would not engage as the MSI Afterburner software wasn't designed/coded to recognize/ communicate with an added sensor (let alone sensor'S). This, in-turn, would likely result in whoever's using it the unintended way having a GPU defect on them within the first few months I'd imagine... Perhaps if they had the TDP power settings dumbed down as much as I did (60-63%), they might get a year or two out of it since it wouldn't run as near as hot, but I doubt any longer than that since cutting off 50% of the cooling system on one of these can't be ignored too long, surely capacitors would start to blow and who knows what else...
(Warning = RANT) Another interesting side-note about the EVGA's and their "Precision-X" OveUnderclocking software is that it's designed to only recognize 4X GPU's on a single system. For miners, that's just not cool. My favorite builds had 8X and for the motherboards that weren't capable of maintaining stable sessions on 8, I set up with 6X. Only my EVGA Rigs had 3 or 4X GPU's dedicated to a single motherboard. Furthermore, and as stated in an earlier paragraph, (& this is just my opinion) = EVGA SOFTWARE SUCKS! Precision X wasn't friendly with every motherboard/CPU I threw at it and their extension software for the CLC Close-Loop-Cooling/ CPU water-coolers simply didn't work on anything, even integrating into their own Precision-X software. The amount of time it took me to finally find compatible matches with that stuff was beyond maddening. (END RANT).
Which leads me to my other comments on the matter. That's what I had every single 1070 ti set at for TDP = 60-63%. Dropping the power load that much allowed me to bring down (on average) each 1070 ti to a constant 110-115W (mind you, this is only possible w/ "Titanium" rated PSU's, Platinum comes pretty damn close to the Titanium though) while mining Ethereum and was still able to maintain a bottom of 30 MH/s and a ceiling of 32 MH/s. Increasing the TDP to 80, 90, 100% or more only increased my hashrates (yields) negligibly, like 35-36 MH/s TOPS, which also meant each one was not only pulling 160-180W+ (Vs. the aforementioned 115'ish range), it also meant my rigs were creating a significantly greater amount of heat! Fortunately for the GPU's and my own personal habits, I live in South Florida where it's hot as balls typically, last winter was nothing like this one. Increasing my yields by 10-15% didn't justify increasing the heat production in my house by >30%, nor the added electricity costs from subjecting my AC handlers to that much of an extra work-load. For anyone reading this that doesn't know/understand what I'm talking about - after spending no less than 2-3 hours with each. and. every. one. I didn't play with the settings on just one and universally apply the settings to the rest. I found the 'prime' settings and documented them with a label-maker and notepad. Here's the math in a more transparent manner:

*** I NEVER LET MY GPU's BREACH 61C, EVER. Only my 8X GPU rigs saw 60-61 & it was the ones I had in the center of the build (naturally). I have REALLY high power fans (used on BTC ASIC MINERS) that were sucking air from those GPU's which was the only way I was able to obtain such stellar results while mining with them. **\*
Mining at "acceptable" heat temps (not acceptable to me, but most of the internet would disagree = 70C) and overclocking accordingly brings in X amount of yields per unit. =
'Tweaking' (underclocking) the GPU's to my parameters reduced my yield per unit from -10-15%, but it SAVED me well over 30-35% in direct electricity consumption, and an unknown amount of passive electricity consumption via creating approximately 20%+ less heat for my AC handler to combat.

I say all this extra stuff not just for anyone interested in mining with their GPU's, but really to answer (in-depth) the apparent questions you people are asking me in PM's. Something else that should help justify my claims of being so conservative should be the fact I only have/used "Platinum and Titanium" rated PSU's. Heat production, power efficiency and longevity of the hardware were ALWAYS my top priority.* . I truly thought Crypto would continue to gain and/or recover and bounce back faster than it did. If this project had maintained positive income for 12 months+, I'd have expanded one of our sites to also cater to GPU mining on a gnarly scale.

Once I have my NAS (& possibly 2nd rig for the firewall) successfully built, I'll be willing/able to entertain selling you guys some/all of the remaining hardware prior to launching on eBay. If there's something you're specifically looking for that I listed having, feel free to PM me with that/those specific item(s). Don't count on an immediate response but what you can count on is me honoring my word in offering whoever asks first right of refusal when the time comes for me to sell this stuff. Fortunately for me, PM's are time-stamped so that's how I'll gauge everyone's place in line. I hope this extra edit answers most of the questions you guys wanted to have answered and if not, sorry I guess. I'll do my best to bring light to anything I've missed out on after I realize whatever that error was/is. The only way anyone is getting first dibs on my hardware otherwise is if they either offer compelling insight into my original questions, or have something I need to trade w/.

THE END (Round#2)


submitted by Im-Ne-wHere to buildapcforme [link] [comments]

Kaizen Ico : Interview with Fund Manager

Nearly a fourth of its way to completion. I took a moment to catch up with the Fund Manager for the ongoing Kaizen ICO.
https://steemit.com/ico/@cryptokage/kaizen-ico-a-word-with-its-fund-manager
The Kaizen Coin Ico has begun and the cryptokage wanted to know more! Emailing the newly appointed fund manager we discussed the project and learned a little bit about the man behind the coin, Lawrence Fischer.
Originally in an advisory position for the ICO, the thirty-nine (39) year old financial adviser was asked to take over as fund manager amidst changes by the SEC, (DAO tokens became recognized as unregulated securities). When asked about the change in team he responded;
"One problem we have had is the SEC. As all 3 people listed have securities careers up until recently the recent rulings by the SEC basically have scared a lot of people in our sector."
When confronted by the lack of team information on the website he half-jokingly yet poignantly remarked;
" I personally hate social media. I do not have a twitter (outside of the Kaizen one), I have never had the need for a LinkdIn account as I have been working for myself in crypto trading for the last several years. I honestly don't see the need to have my personal life on a pedestal. I am a boring financial guy that sits for 15 hours a day staring at 4 monitors looking for signs of life in a coin."
Understanding his attitude helps to explain the whitepaper which has been criticized as short and bland.
"I actually wish more whitepapers got rid of all the marketing crap and just made the whitepapers about 2 pages. Basically give me the highlights. Kaizen Coin is basically a collection of crypto currency and it pays a dividend in ethereum each quarter. That's all I would have put in the whitepaper. "
I asked him how he got into crypto;
"I got into crypto how a lot of people did, through a friend. Only mine paid a $50 bet he lost with me in 5,000 bitcoin. The terms of the deal were $50, not $50 in bitcoin that I couldn't see, touch, feel. I basically had to take his word on it that it was worth anything at all, and I seriously considered suing his ass. There was no coinbase or Gemini for me to withdraw to fiat. Because it was a low dollar amount, I gave up after a few hours trying to get to it. I later sold it for $500,000. That gave me some financial independence but not enough to go off of for life. It also taught me that there is something to this crypto thing and to be honest, I was a bit embarrassed for not having seen it. I began immersing myself in bitcoin and altcoins. I got in with Ethereum as a new issue and rode that. Late 2015, I began giving friends bitcoin wallets on their cellphones and $50 (what I originally received) and just told them to wait. They told friends and before long I was heading a small investment club. My phone was blowing up for investment advice. I began making youtube videos with several of my picks and the people that came to me had more and more money. I still respond to text messages all hours of the day and night. It is the fuel that keeps me going. Having a education background in sociology and mathematics, I understand and can predict a lot of human behavior. I think this has always been a key in hype with altcoins. As Kaizen gets bigger, I will be bringing on another person. I have actually begun talking to a jr staffer at a VC firm in San Francisco. The hope is he can start looking at some of these ICO through venture capitalists eyes."
Mr Fischer not only has the international resources (The Uruguay HQ location) but the technical and technological capabilities to see such a plan through. Having worked with mining platforms he is well envisioned and prepared for the security challenges holding a digital fund presents.
"Security is very important. For security reasons I cannot go into all measures, but a few of the precautionary ones are as follows: We tweeted the contract address 2 days prior to the launch in regards to some recent coin hacks. As we aren't 'day trading' the accounts, funds are left offline in paper wallets or hardware wallets. Only 2 people have access to funds. We do not advertise where we are located or even a phone number. There is no reason for anyone to visit or call. We are aware of social engineering attempts and actually have a security specialist coming out a week from tomorrow to go over things and inform us of any weaknesses and what we can do better. One area we do not take lightly."
On the more technological standpoint when asked about the change in token strategy he responded;
"The dividends in the form of KZN coin was actually the original plan. We ran with that in an earlier versions of the whitepaper that was sent out to media, coin listing sites, etc. We scrapped that idea as we are minting a finite number of coins with no coins ever being minted further. This would at some point implode the fund or cause it to buyback tokens at a potential premium. We decided a couple weeks before launch to simply make the quarterly dividend payouts using Ethereum to the wallet address the tokens are in. We will be posting both buys and sells after they complete on the site and most likely facebook. There will be monthly progress checks we make internally as well as an audit every 6 months to account for everything. All of this will be posted on the site whether good or bad."
According to coinschedule.com the Kaizen Ico is 19.58% complete and is a day away from completing its Pre-ICO sale.
"We are getting ready to launch some ad campaigns. If target not reached, we will setup a buy wall on one of the exchanges at the price people bought in on and allow people to cash out that no longer want to be involved. Those that do will continue on with us"
Kaizen is not the first crypto fund project and like a lot of Ico's it will be put under a lot of social media scrutiny. I asked Lawrence of any potential problems presented with such a business model?
"I assume you mean a small caliber office like us? Walk into a big chain retail store, then into a small boutique. There is a difference. TAAS fund got to market before us. They are a little bigger. Everyone yelled scam and shitcoin when they started their ICO. They just made their first dividend payment and it was huge. Find me a mutual fund that has a 61% quarterly dividend. We are doing the exact same thing as TAAS, but we have a smaller staff so instead of us keeping 25% profits for ourselves, we keep 5%. I have worked for mutual funds and they could not and would not ever compete with the returns. And that is why sometimes the little guy wins."
So what is stopping lawrence from just running off with the money?
" To be honest, I guess nothing at all physically. People have instilled a trust in us and we plan to reward them with high yields. Over the last few years, I have made more in bitcoin and altcoins that the KaizenCoin is worth, even at the total sellout level. I don't care for flashy things. I still drive a 2014 Toyota Camry. I always thought at this point I was supposed to have a lambo but that really isn't what interests me. If i just one day closed up shop and ran, i'd probably never see my kids/wife again. I am not the type of guy that wants to live life looking over his shoulder either. I like to think I was raised better than that too. In high school I'd go to the movies with all my friends. The plan was to buy one ticket and go from movie to movie once we were inside, theater hop. I always made sure I was the last to buy tickets and i'd buy tickets for all the shows we were planning to see. No one ever checked, my friends never got caught either. I just did it because it was the right thing to do. If I couldn't steal a $4 movie, grand larceny is completely out. I am actually still pondering this question as it is a good question and really should be one I ask before investing in ICO's. I guess whenever a new coin is started, there is hope for a legacy to be built. I don't know if that is the case with me."
In conclusion only time will tell what the Kaizen coin will bring but if this mans words are anything to be believed, Kaizen not only will happen but it may be a force.
I personally will be having a punt and will update here with the results. First dividend is expected in December, will a fool be parted with his money? or will he be rewarded for his intrigue?
*As always, this is not financial advice. Always question the bias of the author and their perspective.
submitted by CryptoKage to icocrypto [link] [comments]

Subreddit Stats: RedditDayOf top posts from 2015-12-23 to 2016-12-21 16:33 PDT

Period: 364.54 days
Submissions Comments
Total 1000 6566
Rate (per day) 2.74 17.97
Unique Redditors 311 2698
Combined Score 83364 32293

Top Submitters' Top Submissions

  1. 8084 points, 78 submissions: joelschlosberg
    1. actress Linda Hamilton has a twin sister who made it possible for Terminator 2 to film some scenes in one camera shot without compositing (396 points, 15 comments)
    2. Ben Franklin's daily schedule (353 points, 29 comments)
    3. historical marker (314 points, 4 comments)
    4. Isaac Asimov tells a joke involving profanity (300 points, 9 comments)
    5. The swordfights in The Princess Bride, Stanley Kubrick's Barry Lyndon, Highlander, The Mask of Zorro, Die Another Day, The Lord of the Rings, and Pirates of the Caribbean were all made by the same sword master, "the man who stabbed Errol Flynn". Who also did Darth Vader's lightsaber dueling himself. (281 points, 9 comments)
    6. Girl Scouts were told by their official handbook that "you should not be hostile to" Jews and Muslims as early as the 1918 edition. (278 points, 26 comments)
    7. "I hate versions that make Watson stupid. What makes Holmes impressive is that he outthinks smart people, not that he outthinks stupid people." (254 points, 3 comments)
    8. a joke from Isaac Asimov's Treasury of Humor (254 points, 18 comments)
    9. a tiny but full-featured solar-powered movie theater (236 points, 14 comments)
    10. Jetta, the teen-ager from the futuristic 21st century in a pre-Jetsons comic drawn by Archie Comics artist Dan DeCarlo (197 points, 9 comments)
  2. 6984 points, 104 submissions: 0and18
    1. Man Pays $10K For House, Finds $107,000 Comic Book Hidden In Wall (241 points, 13 comments)
    2. xkcd: The Three Laws of Robotics (234 points, 2 comments)
    3. FDA Lifts Decades-Old 32 Year Old Ban On Blood Donations By Gay Men (233 points, 31 comments)
    4. This is Why You Should Never Release 1.5 Million Balloons At Once (191 points, 30 comments)
    5. Teaching Methods (188 points, 2 comments)
    6. Pirámide de Mayo In Argentina covered with photos of all the "disappeared" during the Dirty War (154 points, 2 comments)
    7. In 1958, Mao Zedong ordered all sparrows to be killed. As a direct result, millions of people starved to death. (150 points, 7 comments)
    8. Without leap years, today would be July 15, 2017 Explained in Graphics (148 points, 3 comments)
    9. Film poster for the Rocketeer (135 points, 5 comments)
    10. William Kamkwamba: At age 14, in poverty and famine, a Malawian boy built a windmill to power his family's home (131 points, 3 comments)
  3. 6687 points, 50 submissions: sverdrupian
    1. An adult oyster is capable of filtering 25-50 gallons of water a day. (1030 points, 72 comments)
    2. Making chain. (290 points, 18 comments)
    3. A series of tunnels in Taiwan (261 points, 6 comments)
    4. Artichoke in full bloom (242 points, 2 comments)
    5. USS CONSTITUTION in drydock for restoration - Launched in Boston in 1797, she's the oldest commissioned warship afloat (220 points, 24 comments)
    6. German WW1-era map calling out the Allies for the hypocrisy of promoting self-determination while simultaneously holding vast colonial empires. (202 points, 26 comments)
    7. "Our future is an airport without delays" - 1975 advertisement (189 points, 14 comments)
    8. Bee macro. (184 points, 4 comments)
    9. Het Gekkenhuis - a Dutch caricature map of Europe, 1914. (180 points, 2 comments)
    10. The oarfish, the world's largest known bony fish, is thought to have spawned tales of seas serpents. (178 points, 25 comments)
  4. 4762 points, 58 submissions: wormspermgrrl
    1. During Florida winters, manatees flock to nuclear and coal power plants for the warm water discharges. (414 points, 29 comments)
    2. Happy Birthday song ruled public domain as judge throws out copyright claim (202 points, 8 comments)
    3. 18 cities in Pennsylvania reported higher levels of lead exposure than Flint (194 points, 8 comments)
    4. xkcd: Log Scale (191 points, 8 comments)
    5. Parade Magazine's Ask Marilyn Controversy: The Time Everyone “Corrected” the World’s Smartest Woman (174 points, 18 comments)
    6. Maryam Mirzakhani won the Fields Medal in 2014; she is the first woman to win math’s most prestigious prize (163 points, 1 comment)
    7. Meet the woman who makes fake fingers for Japan's reformed gangsters (161 points, 3 comments)
    8. Google's self-driving car gets pulled over for driving too slowly (157 points, 40 comments)
    9. The Wieliczka Salt Mine, Poland (154 points, 12 comments)
    10. The Decemberists - "The Mariner's Revenge Song" (149 points, 14 comments)
  5. 2906 points, 31 submissions: jaykirsch
    1. 1989 Plymouth Voyager III concept. This is a two piece detachable vehicle (link in comments) (220 points, 21 comments)
    2. "Mission Accomplished" fly-in and speech May 1, 2003. Enormous political PR blunder. (206 points, 5 comments)
    3. Prepared for gas attack in France, WW1 (202 points, 6 comments)
    4. Les Paul with Paul McCartney and a Gibson left-handed "Special." 1988 (201 points, 9 comments)
    5. "Pictured Rocks" on Lake Superior near Munising, MI (180 points, 7 comments)
    6. Art Deco in the home - stylish 1937 GE radio (146 points, 9 comments)
    7. Woody Guthrie on the attack, 1941 (141 points, 2 comments)
    8. The Great 1918 Influenza Pandemic claimed more lives than WW1, including 675,000 (est.) Americans. (Article link in comments) (135 points, 6 comments)
    9. Come on in, kids, I have some pie and a magic mushroom. (129 points, 10 comments)
    10. Yooper "Pastie" in Michigan's UP (122 points, 25 comments)
  6. 2882 points, 23 submissions: appropriate-username
    1. "We come in peace" (470 points, 10 comments)
    2. This GIF illustrates why your phone camera takes weird photos of revolving propellers. (325 points, 12 comments)
    3. An electrical current causing water to form a bridge. (xpost/gifs) (276 points, 10 comments)
    4. This series of photos got the photographer banned from Magic TCG tournaments and is among the top 5 top posts of all time on Reddit (266 points, 33 comments)
    5. "My girlfriend keeps sending me her squids" (245 points, 9 comments)
    6. Pocky is a popular Japanese snack consisting of a cracker-like stick partially covered in chocolate--I can't believe nobody posted it so I can upvote it. Here's a picture of Pocky; the wiki article on it is in the comments. (177 points, 46 comments)
    7. An animated short about a lazy guy in space--35th most popular reddit post of all time (158 points, 10 comments)
    8. xkcd: Centrifugal Force (124 points, 3 comments)
    9. 1,000 x 1,000 x 1,000 Rubik's Cube Solve (by a computer) (114 points, 10 comments)
    10. xkcd: Earth Temperature Timeline (86 points, 4 comments)
  7. 2385 points, 30 submissions: sbroue
    1. Flying hammock [gif] (275 points, 13 comments)
    2. Property for Rent: No Asians (224 points, 17 comments)
    3. Gobi warns his shrimp housekeeper of approaching predator (140 points, 11 comments)
    4. First taste of chocolate for Ivory Coast Cocoa farmers (126 points, 10 comments)
    5. "Hurricane" Higgins finishes the match [gif] (119 points, 17 comments)
    6. Big Booty Bitches (Original Video) (116 points, 16 comments)
    7. The Blessing and launching of HMS Albion (1898) created a wave that drowned 39 people, you see them bottom left in some of the earliest disaster footage (110 points, 6 comments)
    8. Pizza with mini meat-pies baked in the crust Australian frankenfood (106 points, 6 comments)
    9. Bought for £1, the mysterious tower that inspired JRR Tolkien (101 points, 1 comment)
    10. Castro meets Nixon: April 1959 [pic] (100 points, 4 comments)
  8. 1687 points, 32 submissions: ceegee1975
    1. Nicolas Cage returns stolen dinosaur skull he bought at auction for $276,000 (192 points, 11 comments)
    2. Why Hypercolor T-Shirts Were Just a One-Hit Wonder (99 points, 15 comments)
    3. Clean My Space. A youtube channel devoted to cleaning just about anything (98 points, 3 comments)
    4. Scientists have breached the blood-brain barrier for the first time to treat a brain tumour (83 points, 2 comments)
    5. They Might Be Giants-Ana Ng (78 points, 8 comments)
    6. How It's Made: Balloons (74 points, 4 comments)
    7. Mr. Bean The Movie - 'Gun' Scene (72 points, 6 comments)
    8. The Best Homemade Girl Scout Cookie Recipes (71 points, 5 comments)
    9. Monty Python - How Not to Be Seen (68 points, 2 comments)
    10. George Carlin - Euphemisms (65 points, 8 comments)
  9. 1623 points, 13 submissions: mrekted
    1. Legendary con man, scam artist, and forger Frank Abagnale Jr. pictured in the pilots seat of a Pan Am airliner. He flew over 1,000,000 miles while wearing a Pan Am uniform. He was never their employee, nor was he a pilot. (484 points, 24 comments)
    2. What It's Like When Reddit Wrongly Accuses Your Loved One Of Murder - The Boston Marathon Bomber Reddit Witch Hunt (240 points, 23 comments)
    3. Tim's Vermeer - Penn Jillette chronicles a mans ridiculously compulsive and obsessive five year obsession with reverse engineering and mastering the artistic techniques of Dutch master painter Vermeer (148 points, 6 comments)
    4. Cadillac Ranch, Amarillo TX. A bizarre, macabre tribute to the American love affair with the automobile. Visitors are encouraged to add their own ideas and messages to the memorial with spray paint. (133 points, 7 comments)
    5. 2010 - Reddit comes to the aid of a terminally ill little girl who was being cruelly harassed by her neighbors (126 points, 7 comments)
    6. In 2013, a UK man scoured the local dump after realizing he threw away a hard disk that contained 7500 bitcoins. At current market value those coins are worth a little over 5.5 million USD. (125 points, 4 comments)
    7. A float in the first Macy's Day Parade in 1924 (95 points, 1 comment)
    8. On Halloween 1938, Orson Welles enters legend with a radio play that convinced listeners that the planet was under attack by aliens from outer space (68 points, 1 comment)
    9. That's one fuckin' nice kitty right there. (51 points, 0 comments)
    10. Stampedes, pepper spray, fist fights, shootouts, and death. This is Black Friday in the United States. (49 points, 4 comments)
  10. 1535 points, 23 submissions: themanwhosleptin
    1. The reason why The Simpsons are yellow is because the creator Matt Groening wanted them to be recognizable when you flip through channels on the TV (194 points, 7 comments)
    2. Shoes (189 points, 3 comments)
    3. On April Fool's Day 2014, NPR posted a fake article on its Facebook page titled "Why Doesn't America Read Anymore?" When clicking on the post, the article asks its readers to not comment on it. Not surprisingly, many people commented anyway. (167 points, 7 comments)
    4. Gran Torino (2008) - a film about an elderly racist Korean War vet, his Hmong neighbors, and their struggles with street gangs (115 points, 11 comments)
    5. Napoleon's Exile In Saint Helena (91 points, 2 comments)
    6. Munchkin - a card game that parodies tabletop RPGs) (90 points, 7 comments)
    7. Meet Brother Najeeb Michael, the monk who saved thousands of manuscripts from IS jihadists (66 points, 1 comment)
    8. The Jimmy Timmy Power Hour - a television crossover film trilogy set between the universes in The Adventures of Jimmy Neutron: Boy Genius and The Fairly OddParents (66 points, 2 comments)
    9. Tibetan Monks and Nuns Turn Their Minds Toward Science (51 points, 1 comment)
    10. The Rule of Thirds - a fundamental technique in photography (47 points, 0 comments)
  11. 1218 points, 14 submissions: justtoclick
    1. "Do it yourself doodler" album (359 points, 8 comments)
    2. If Harry Potter was an anime series (171 points, 37 comments)
    3. The Muppets explain Phenomenology (122 points, 4 comments)
    4. Hawaii Still Has a Leprosy Colony With Six Patients (94 points, 17 comments)
    5. David Bowie song 'Changes' inspired Brandon Flowers to form The Killers (59 points, 4 comments)
    6. Dave Barry’s 2015 Year in Review (57 points, 1 comment)
    7. U.S. Muslims to overtake Jews by 2026 (53 points, 9 comments)
    8. The Beatles Play Ed Sullivan: The Historic TV Appearance Heralding the British Invasion (52 points, 0 comments)
    9. The Evolution of Batman's Bat Symbol [Infographic] (51 points, 10 comments)
    10. Cycling With the Psycos -- Counterculture feminism in East L.A (48 points, 0 comments)
  12. 1191 points, 14 submissions: Lillyclown
    1. A Pocket Guide to Vaginal Euphemisms (197 points, 33 comments)
    2. The story behind the McDonalds hot coffee lawsuit (165 points, 28 comments)
    3. The Polish Beer Drinking Party (PPPP), orginally a satirical political party to promote beer, not vodka, and fight alcoholism, won 16 seats in the 1991 parliamentary election. Later splitting to Big Beer and Little Beer. (126 points, 6 comments)
    4. History of Color (115 points, 3 comments)
    5. The Chemistry of Ice Cream (89 points, 6 comments)
    6. 150 year old sunken steam boat's contents. Including still edible food! (87 points, 3 comments)
    7. The Strangest, Most Spectacular Bridge Collapse (65 points, 7 comments)
    8. All Blacks haka (61 points, 1 comment)
    9. The Poisoning of a City (61 points, 0 comments)
    10. British Police use Tea as a perfect analogy for sexual consent. (57 points, 9 comments)
  13. 1147 points, 14 submissions: Radu316
    1. There's a statue of Lenin at the Pole of Inaccessibility in Antarctica. It was on top of a Soviet research station in the 60s. Abandoned in '67, it was forgotten until 2007 when it was rediscovered by a team of explorers. By then, the statue was the only part still visible. (167 points, 2 comments)
    2. Strelka was one of the first animals in space to return safely. She became a sensation in the Soviet Union and had puppies with cosmo-dog Pushok. Nikita Khrushchev gave a puppy, Pushinka, to JFK as a gift. She also had puppies and Strelka's bloodline is still alive in the United States. (147 points, 7 comments)
    3. The Turk was an 18th century chess-playing automaton. It went on a tour of Europe and America, defeating noted chess players like Ben Franklin and Napoleon. After being destroyed in a fire, it was revealed to be a hoax - a person (usually a chessmaster) hid inside and operated it. (136 points, 10 comments)
    4. "Houston, we have a problem" is a slight misquote popularized by the Apollo 13 movie. The real line was actually "Houston, we've had a problem" and was first said by astronaut John Swigert, not mission captain Jim Lovell. (115 points, 14 comments)
    5. Marginalia are all the various scribbles and comments made in margins of books or documents. In medieval times, religious texts written by nuns and monks featured marginalia with all sorts of vulgar images and dirty jokes. (96 points, 5 comments)
    6. Brain crater on Mars. The bizarre texture of the crater floor makes it resemble a brain. NASA worked out that, at 0.6 miles wide, the brain is about the right size to fit inside the mound known as the Face of Mars. (90 points, 0 comments)
    7. Statue of Alexander the Great taming Bucephalus. Bucephalus is often regarded as the most famous (real) horse in history. According to Plutarch, the horse died at the Battle of the Hydaspes in 326 BC. Afterwards Alexander founded the city of Bucephalia in his honor somewhere in modern day Pakistan. (81 points, 4 comments)
    8. Pretty much everything there is to know about tartan (aka plaid in America). The pattern of the kilt can be used to display your family background, royal lineage, service in specific branches of the military, even your name. You can even register new ones at the Scottish Register of Tartans. (79 points, 4 comments)
    9. "There's a sucker born every minute" is a quote attributed to P.T. Barnum, but it was actually said by David Hannum, one of his competitors. Hannum said it referring to people who paid to see Barnum's Cardiff Giant instead of his original, not realizing that both were fake. (60 points, 0 comments)
    10. Heart of Neolithic Orkney is a 5,000-year old world heritage site in Scotland. It includes four monuments: two ceremonial stone circles, a tomb and a former village called Skara Brae. Skara Brae is sometimes called "Scottish Pompeii" because it is so well-preserved. (47 points, 2 comments)
  14. 1128 points, 13 submissions: StochasticLife
    1. Banned until the 1980's, rock music in the USSR was smuggled around the country on records made from X Ray film. They were called 'Ribs' or 'Bone Records'. (216 points, 14 comments)
    2. Lithuania has only ever had a single king, Mindaugus. He was crowned king in 1251 and assassinated in 1263. (157 points, 5 comments)
    3. Russian had a monopoly on Vodka for over 400 years (1540's - 1992) and at one point Vodka sales made up 40% of the state's revenue (130 points, 8 comments)
    4. A nickelodeon was a hastily assembled movie theater, often setup in converted store fronts, that charged a nickle for admission. They were most popular between 1905 and 1915.) (114 points, 0 comments)
    5. Christopher Hitchen's video - Mother Theresa Hell's Angel, a critical look at her political relationships and the nature of her charitable practices. (109 points, 11 comments)
    6. Zatoichi, about a blind swordsmen, is one of Japan longest running film and TV series with over 27 films and 100 TV Episodes. (91 points, 6 comments)
    7. The oldest (surviving), and largest, Baha'i house of worship is in Wilmette Illiniois.) (64 points, 8 comments)
    8. Some humans (all women) are tetrachromats and are capable of seeing millions of colors the rest of us can't see (60 points, 10 comments)
    9. Geddy Lee of Rush was born in Canada to parents who were Polish Immigrants and holocaust survivors of Auschwitz, Dachu, and Bergen-Belsen. (50 points, 2 comments)
    10. North Korea prints the best counterfeit $100 (USD) bills in the world; they have been dubbed the 'Supernote' (45 points, 0 comments)
  15. 910 points, 8 submissions: frigate
    1. Salmon farmers choose the desired orangness-pinkness of their product from a colour chart (SalmoFan) provided by a company which supplies the food dyes to colour farmed salmon that would otherwise be gray, khaki, pale yellow, or pale pink (191 points, 10 comments)
    2. Kurt Vonnegut humorously graphs the shapes of stories (162 points, 5 comments)
    3. The Highway Hi-Fi: the short-lived record player designed for use in automobiles in the 1950's (155 points, 10 comments)
    4. H&M is making a $99 wedding dress. Here’s what that says about economics. (138 points, 43 comments)
    5. How a Math Genius Hacked OkCupid to Find True Love (100 points, 18 comments)
    6. A few of the most impressive and iconic pipe organs from around the world (81 points, 3 comments)
    7. Truth and Reconciliation Commission: By the numbers – The odds of a child dying in a residential school were about the same as a Canadian soldier dying in World War 2 (48 points, 2 comments)
    8. Gordon Lightfoot superfans cherish every show – "Lightfoot lifers" are fans of Gordon Lightfoot who see as many performances as possible (35 points, 1 comment)
  16. 854 points, 5 submissions: CryptoCollectibles
    1. Cows Playing With Hay .gif (351 points, 24 comments)
    2. Super Antics #8 by Kerry Callen (303 points, 18 comments)
    3. This Ad for /Bitcoin made Two Years Ago, As relevant today as ever describing CryptoCurrency (114 points, 3 comments)
    4. How to Draw Teenage Mutant Ninja Turtles from 1986 (43 points, 1 comment)
    5. DIY: 25 Wearable Geek Projects You Can Knit or Crochet (43 points, 0 comments)
  17. 698 points, 7 submissions: goofballl
    1. Hongdae's (in Seoul) Love Museum features a single exhibit on the history of pornography in Korea. The rest of the museum is taken up with interactive sex-related photo ops. (203 points, 6 comments)
    2. Last known VCR maker stopped production in July, 40 years after VHS format launch (140 points, 9 comments)
    3. Although the exact cause for vitiligo remains unknown, it is thought to be caused by the immune system attacking and destroying the melanocytes of the skin. It famously affected Michael Jackson, causing sections of his skin to lighten over time. (106 points, 13 comments)
    4. Utchari, one of the most difficult moves in sumo, requires a wrestler to lift their opponent entirely off the ground and throw him behind and to the side. (89 points, 7 comments)
    5. Yamadera (lit. mountain temple) is a temple complex found in Yamagata Prefecture after a thousand step climb. It's where the poet Matsuo Basho penned his famous haiku: In the stillness/the cry of the cicada/penetrates the rock. (88 points, 10 comments)
    6. Cauliflower ear occurs when a blood clot forms between ear cartilage and connective tissue. This causes the cartilage to die, creating a deformity common to grappling sports like wrestling. (39 points, 3 comments)
    7. Guillain–Barré syndrome is an autoimmune disorder in which the body's immune system mistakenly attacks the peripheral nerves and damages their myelin insulation. During the disease, only a third of afflicted people are able to walk, and the exact cause of the disease can remain unknown. (33 points, 0 comments)
  18. 698 points, 7 submissions: E_Pluriscoop_Unum
    1. Roger Ebert: "Ponyo [is] one of the very rare movies where I want to sit in the front row, to drown in it. This is more than “artistry.” It is art." (211 points, 11 comments)
    2. Chocolate Rain - Tay Zonday (138 points, 7 comments)
    3. Billy West, the voice of Nickelodeon, talking about some of his voices. (122 points, 7 comments)
    4. Pingu - A beloved children's show from Switzerland (68 points, 5 comments)
    5. Nümberwang - Mitchell & Webb (58 points, 0 comments)
    6. A point about drawing swords (57 points, 3 comments)
    7. Werner Herzog's Disoriented Penguin (44 points, 3 comments)

Top Commenters

  1. wil (3635 points, 155 comments)
  2. 0and18 (584 points, 284 comments)
  3. wormspermgrrl (350 points, 214 comments)
  4. joelschlosberg (334 points, 58 comments)
  5. twitch1982 (222 points, 19 comments)
  6. balrogath (218 points, 36 comments)
  7. justtoclick (216 points, 38 comments)
  8. sverdrupian (199 points, 31 comments)
  9. appropriate-username (154 points, 49 comments)
  10. jaykirsch (151 points, 51 comments)
  11. davidystephenson (145 points, 7 comments)
  12. mrekted (138 points, 5 comments)
  13. no-fun-at-parties (136 points, 17 comments)
  14. Neebat (128 points, 17 comments)
  15. ceegee1975 (112 points, 45 comments)
  16. Disaster_Area (111 points, 4 comments)
  17. markevens (108 points, 8 comments)
  18. raendrop (107 points, 11 comments)
  19. Hazlzz (103 points, 6 comments)
  20. sunnieskye1 (99 points, 14 comments)
  21. Otterfan (96 points, 9 comments)
  22. sbroue (95 points, 18 comments)
  23. xkcd_transcriber (95 points, 11 comments)
  24. DnMarshall (95 points, 5 comments)
  25. rlbond86 (94 points, 15 comments)

Top Submissions

  1. An adult oyster is capable of filtering 25-50 gallons of water a day. by sverdrupian (1030 points, 72 comments)
  2. I was a child star in the 80s. AMA by wil (574 points, 535 comments)
  3. Legendary con man, scam artist, and forger Frank Abagnale Jr. pictured in the pilots seat of a Pan Am airliner. He flew over 1,000,000 miles while wearing a Pan Am uniform. He was never their employee, nor was he a pilot. by mrekted (484 points, 24 comments)
  4. "We come in peace" by appropriate-username (470 points, 10 comments)
  5. The anime Ghost Stories was a mediocre show without much to write home about. However, when it came time to translate it to English, the dub team was given enough leeway that they pretty much parodied the original material. The results are hilarious. by selfproclaimed (439 points, 38 comments)
  6. During Florida winters, manatees flock to nuclear and coal power plants for the warm water discharges. by wormspermgrrl (414 points, 29 comments)
  7. A brief Batman comic by Czarry (396 points, 8 comments)
  8. actress Linda Hamilton has a twin sister who made it possible for Terminator 2 to film some scenes in one camera shot without compositing by joelschlosberg (396 points, 15 comments)
  9. "Do it yourself doodler" album by justtoclick (359 points, 8 comments)
  10. Ben Franklin's daily schedule by joelschlosberg (353 points, 29 comments)

Top Comments

  1. 175 points: wil's comment in I was a child star in the 80s. AMA
  2. 137 points: wil's comment in I was a child star in the 80s. AMA
  3. 135 points: wil's comment in I was a child star in the 80s. AMA
  4. 101 points: wil's comment in I was a child star in the 80s. AMA
  5. 101 points: wil's comment in I was a child star in the 80s. AMA
  6. 92 points: wil's comment in I was a child star in the 80s. AMA
  7. 92 points: wil's comment in I was a child star in the 80s. AMA
  8. 87 points: deleted's comment in Cause of Death for Yuri Gagarin, 1st Man in Space, Finally Revealed
  9. 86 points: markevens's comment in Woman ruins marriage on game show and still loses
  10. 84 points: wil's comment in I was a child star in the 80s. AMA
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submitted by subreddit_stats to subreddit_stats [link] [comments]

[Table] AMA: We are the developers of a new internet currency (DigiByte) similar to Bitcoin! Ask us anything!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-03-21
Link to submission (Has self-text)
Link to my post
Questions Answers
1) With scrypt ASICs being announced recently (and in development for some time now), what was the reasoning behind using the scrypt algorithm as opposed to something ASIC-resistant, like scrypt-n used by vertcoin and others? 2) It is my understanding that a block time of 2.5 minutes has been a "sweet spot" of sorts in balancing fast transactions without leaving too many orphaned blocks for miners. What drove your decision for a 60 second time? 1st Scrypt is ASIC resistant. Even "if" Scrypt ASICS are delivered on time without issues they will not be delivering anywhere near the jump SHA-256 Bitcoin ASICS did. At most we are talking a 2-3 fold performance incease with a significant reduction in electricty usage. Memory is the bottleneck here. We are not going to see Scrypt ASICS make massive jumps like Bitcoin ASICS do every couple months. Finally most of these other "ASIC resistant" algorithms were not and still have not been tried like Scrypt has when we started development. We are looking into other techs and we are not opposed to changing in the future as technology advances. Biggest difference is the speed at which adjustments are made. KMG "averages" several of the previous blocks and can take awhile to catch up with a major net hash increase. KMG can also get "stuck" for several hours following a major hash decrease. The secret to DigiShield is an asymetrical approach to difficulty. With DigiShield the difficulty is allowed to decrease much faster than it increase. This keeps a blockchain from getting "Stuck" ie not finding the next block for several hours following a major net hash decrease. We spent about 5 days testing about 50 different setups before we found the optimum ratios DigiByte & Dogecoin are now using.
3) Tell us more about DigiShield, and how this differs from KGW, for example. As to Speed, we wanted to make sure DigiByte was fast for every day purchases of goods & services. 60 seconds ensures a merchant can accept DigiByte as payment as the payment transmits within a couple seconds and is confirmed in 60 seconds. DigiShield allows for much larger movements from block to block. This allows DigiShield to counter multi-pools much quicker than KMG. It is all a balancing act. You need to allow the difficulty to increase enough between blocks to catch up to a sudden spike in net hash, but not enough to accidentally send the difficulty sky high when two lucky blocks are found side by side.
Do you ever intend to implement a PoS? For those who are wondering what POS is it refers to Proof of Stake. It essentially means the more coins you hold in your wallet, the more new coins you will recieve as they are generated.
At first POS sounds like a novel idea, but for a real world currency traded for every day goods & services it would not be effective.
Why would people want to spend their coins when they have a stronger incentive to hold on to them?
A POS coin may use less energy, but we want to give people incentive to spend their coins, not hold on to them.
We also believe this technology will never be adopted by a main stream currency.
So as POS currently stands we have no plans of implementing it to DigiByte.
Thank you for detailed and professional reply! +digitipbot 50 dgb.
Alright, you meet someone completely unaware of any cryptocurrency, where do you direct them to teach them about DigiByte? We're talking absolutely no idea, and probably not very good at technology in general either. We are working on developing several new guides for people completely un aware of crypto currency technology. These will be posted on the main DigiByte website.
Our goal is to become a bridge for new people into crypto technology. We have been conducting some focus groups and research with some marketing professionals to find the best way to do this.
We plan on completing this before the Crypto Convention in NY on April 9th.
We are also working on a promotional video that would explain things in visual detail.
How's the promo video coming along? We have lost contact with the original person who was working on it. We are now looking to other people/places to finish what he started. We would like to get this done ASAP.
We have a professional vocie over completed to augment the video.
If you know anyone who would be good at this please let us know. We are looking for a professional video expert who can make something better than the bitcoin video :Link to www.youtube.com
Wish I knew someone or could help contribute any skills in that field. Maybe post something in /Digibyte seeing if anyone has the skills? Great idea!
What differentiates DigiByte from all the other e-currencies out there? 1st of you store data in megabytes & gigabytes. Why not store & send money in DigiBytes?
2nd DigiByte has 21 billion coins so it has a nice ratio to Bitcoin of 1:1000.
3rd We have much faster transaction times with 60 second blocks.
4th We were the 1st to develop & implement the DigiShield difficulty adjustment code. Dogecoin has now succesfully implemented it as well.
Thanks for your reply. As there are so many coins, I am looking for ones that have something unique, something different that could be the 'killer feature' that moves a coin into the mainstream. Most importantly with the name "DigiByte" we have one of the most brand-able names out there.
I don't know what your difficulty adjustment code does but if other coins also have it, there does not seem to be anything that would make people choose your coin over all the others. People understand what a megabyte or gigabyte is. According to our focus group research the idea of using a "Digibyte" as a digital unit of payment is an easy extension or idea for the average person to understand and identify with.
What extras add DigiByte in the cryptocurrency world? What is your goal? The most exciting new trading site to adopt DigiByte has been Prelude.io by Moolah. They are just about to add USD/DGB trading.
Check them out here: Link to prelude.io
DigiByte is to become a billion dollar world-wide payment system that will change the way people of all races, nationalities and backgrounds purchase or sell every day goods and services. Within the next twelve to twenty-four months you will be able to walk into a store and with the press of a button on a smart phone purchase your coffee, groceries or rent a movie.
The mission and vision seems similar to most of the other cryptos. What is your opinion , should coins be more cooperative in this goal? Absolutely, this is why we helped Dogecoin implement DigiShield. There is room for more than 1 crypto just like we have Visa, Mastercard, American Express, Paypal & Western Union.
That is the technical part of helping. Do you think your mission and vision can be accomplished by DigiByte alone? We believe we are all a community, and it is good to have several currencies and new ideas floating around.
We feel it would be narrow minded to say DigiByte will accomplish this all on our own. We are not trying to replace Bitcoin by any means or be the "single" crypto out there. It is likely that different currencies will take root in different parts of the world. So absolutely there will be others to achieve this vision.
As this technology emerges we hope to adapt and improve DigiByte to make it the best we can.
I have been talking to someone on your facebook account about working with sponsored non-profit events/drives but your customer support is lacking. I keep asking questions and proving info but there isnt an effort back to help. How are you going to address customer support moving on, and helping non-profits like other community based coins that are preferred? We apologize for the delay in this. We have been completely swamped and will will look more into it. We receive dozens & sometimes hundreds of messages between Twitter, Facebook, Bitcointalk, DigiByteTalk & Reddit each day. Its a lot to keep on top of while still doing development /promotional work.
Also keep in mind we have been approached by several scammers recently and we like to take time to verify things.
Will you change your mascot? Change as in to something else, or get rid of? What specifically are you referring to?
In your personally opinion what are the odds that a internet currency become so usual to the people as the money in cells? Not sure what you mean by cells?
It is very likely it will become very familiar to common consumers just like money.
1st off crypto technology will save merchants billions each year once they adopt it. With a crypto technology merchants do not have to pay the 3-5% credit/debit card fees. This can equate to billions for some corporations, this alone may be a strong motivation for increased adoption.
2nd, transaction speeds will help encourage adoption. It currently takes several days for Debit or Credit card transactions to clear before a payment receiver can spend the money that has been received. With Bitcoin you can spend money you receive within an hour, with DigiByte it takes 6 minutes.
Finally it is easy to move money around the world. You can move millions around the world in a matter of minutes with no fees or third party involved.
Why should I use DGB over LTC? DigiByte stands a much better chance at being adopted by main stream consumers & merchants. DigiByte is very brandable.
People store data in megabytes & gigabytes. Storing & sending money as DigiByte is very easy for the common person to understand.
Next, DigiByte is much faster than Litecoin. This will make it easier for merchants and consumers to make every day transactions.
Finally, 84 million coins is not enough for a wide spread currency used across the globe. With 21 billion coins DigiByte will eventually have a price of around $1-$10. Perfect for buying low ticket goods & services.
Shibe here. I noticed you guys have a way to buy Digibyte for GBP. I'd like to buy in too, and am in the US. Is the big exchange-train (coinbase->BTC->exchange->digibytes) the only way right now? Are you referring to Moolah.io? They should be implementing the USD/DGB trading any moment now.
We were told yesterday that US customers would be the first ones to deposit fiat there. We have not checked in the last few hours if this is the case yet.
With the recent bitcoin travesty, how do you feel about your cryptocurrency's future? We feel it has opened the door for people to begin taking other alt coins seriously. With the upcoming Crypto Currency convention in New York we feel we will be making a big splash and some good headway among some bigger investors.
The key is getting DigiByte tied directly to the USD which we are working very hard on doing. Then all we need is one big merchant and we are off to the big time!
How do I get in on the premined coins? Not sure what you are getting at. The remaining part of the pre-mine is being used for development expenses.
The most recent of which includes paying for a booth at the NY crypto convention on April 9th as well as all the relate expenses including, travel, brochures, stickers, handouts etc.
I wasn't sure what I was getting at either. I skimmed the faqs and read some blurb about premined coins being given away and my lazy ass decided to ask. I guess I'll be seeing you in NY then! Sounds good, make sure to stop by our booth as we will be giving DGB away there! Also you can use the promo code "digibyte" and get half of your ticket to the cryoto convention. $99 instead of $200.
Will there be an android app for storing and/or mining? There already is an android wallet for DigiByte. You can download it here: Link to play.google.com
There are also several other apps you can mine DigiByte with on a smart phone.
Who is your favorite pokemon? Lol! +digitipbot 100 dgb Not sure how to answer that as I could not tell you the names of any pokemon. Perhaps xploited or politicalwave could help answer this one. :)
I know nothing about this, do you believe that these e-currencies will ever replace/overshadow national currencies, or just supplement them? We do not see them ever "replacing" national currencies as some very bad things would happen before that becomes a reality. We do however see them augmenting traditional currencies. There are several practical uses. Such as increased transaction speeds, ie being able to spend money minutes after you received it. A reduction in merchant fees that would save everyone money in the end. And most importantly the ease of use. What other way could you put millions onto a flash drive? Or send money anywhere on the planet in a few seconds without paying any fees?
Oh. Where is your favorite vacation destination? I have always dreamed of going to the Caribbean and swimming in the crystal clear blue water. So that would be my favorite "dream" vacation and the place where I have never been.
That would be really nice. What do you think happened to that jet that disappeared? Not sure. As a pilot this is really bizare to me. Have not learned the latest, but the last I heard they were looking in Pakistan.
That is a long ways from their intended flight path. Perhaps the plane moved interdimensionaly in a worm hole that opened up?
Perhaps. A random customer at my place of work is pretty convinced aliens have something to do with it. Who is your favorite Muppet? Aliens cannot be ruled out. Definitely Kermit the frog. He is just one cool dude ,who doesn't like him?
Beats me, I don't know how you couldn't! Do you like sushi? Not a fan at all. Meat & potatoes all the way!
What are you doing to try to make the digibyte a standard? Any upcoming online stores? Moolah.io just launch US bank deposits to buy DigiByte! This is a huge step forward! Link to prelude.io
Also we expect some great connections/networking/deals to come out of the New York Crypto convention on April 9th to help make things happen.
Ask you anything? Okay...Will you send me 1 million of your coin to use and distribute here at my own pleasure? Are you good with making promotional videos? If so we may be able to hook you up with 1 million DGB. :)
I don't have any questions, just wanted to say keep up the good work. +digitipbot 50 dgb
Not a question, but just a quick comment to say I love the name, love the look and love the community here, I think you guys are doing a great job and look forward to seeing you grow and flourish. Thank you for the support! We are doing out best and we are in this for the long haul! DigiByte is the only coin we are working on and we are very committed to taking it to the top!
Good to see an AMA from devs :) Thanks for your support! Feel free to ask us anything!
No question, just a comment: please spend some time cultivating a subreddit opt out list. Many mod teams don't allow crypto currency in their subreddit(s) and view it as spammy. No sure what you mean by an "opt out" list or how that pertains to this AMA.
Last updated: 2014-03-26 05:56 UTC
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AntMiner S9 Setup Guide Part I by CryptoCrane - YouTube How to start Bitcoin mining for beginners (SUPER EASY ... Bitcoin Server Mining Bitcoins - CES 2014 Inside a Bitcoin mine that earns $70K a day - YouTube How to Mine Bitcoin 2018 (EASY METHOD)! Bitcoin mining for ...

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AntMiner S9 Setup Guide Part I by CryptoCrane - YouTube

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