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Bitcoin Affiliate Network Mining Pool Review

May 2018 update – Bitcoin Affiliate Network Mining Pool has been offline since 2015. This article remains online for reference only. A look at Bitcoin Affiliate Network’s Mining Pool Please  note: This review is based on a relatively small amount of hashing, a few hundred ghs. The stats outlined in this review may not apply to larger miners. We hacked our antminer S1’s to mine nine pools concurrently, letting us run proportional power across a wide variety of mining pools. This review is part of our series of bitcoin mining pool reviews. Update: 6th January 2016 – BitAffNet has suspended registrations to new miners

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May 2018 update – Bitcoin Affiliate Network Mining Pool has been offline since 2015. This article remains online for reference only.

bitcoinaffiliatenetwork-logo

A look at Bitcoin Affiliate Network’s Mining Pool

Please  note: This review is based on a relatively small amount of hashing, a few hundred ghs. The stats outlined in this review may not apply to larger miners. We hacked our antminer S1’s to mine nine pools concurrently, letting us run proportional power across a wide variety of mining pools. This review is part of our series of bitcoin mining pool reviews.

Update: 6th January 2016 – BitAffNet has suspended registrations to new miners in March 2015, and payouts have recently not been meeting the automatic thresholds. Payouts suffered long delays, and the pool was shut down for most of 2015.

We came across Bitcoin Affiliate Network when reviewing the rather nifty Blocktrail.com tool, and signed up to give one of the newer and smaller pools a look. They are mining about a block and a half a day, and were founded this year in 2014 in the US, although has servers distributed all across the world.

Being brand new, they stand out with a refreshing and integrated design, and at this stage they are adding new features and improvements about every two or three weeks. A lot of mining pools have stayed relatively static since they were made and have neglected their front end interfaces. Not with these guys though. they put data front and centre, presented in a nice near-real time interface. Graphs look good, giving you good useful information, and update regularly without refreshing. This lets you quickly see a snapshot of what’s happening, and then you have lots of options to drill down. When I started mining with them a few weeks ago, they had about 1.5 petahashes, but this has been steadily increasing up to about 5 petahashes (17032015)

BitAffNet’s pool operates using a Pay Per Share basis comparable to Polmine and Discus Fish, the other two main public PPS pools. They also pay a bonus 1% and merge mine Namecoin, using vardiff so difficulty will adjust based on your hashing power. They have servers all over the world including one in Ireland, and give a geo-targeting pool URL which will find the pool closest to you, ensuring that you reduce stale shares and work.

Earnings build up in the dashboard, with an automatic payout queued without transaction fees when your mining balance crosses the 0.001 threshold. I have it set to 24 hours and get it every morning at 7.30am GMT, but you can configure it on several frequencies, as often as once an hour for those of you with more power, so you’ll see your mining balance build up a lot more than others. It should be noted that there has been occasions where there was a slight delay in payments, but these were paid in full, and the timer then paid out using that time as the start time. There is a huge wealth of information available and presented well between graphs and data, so excel warriors among you will have plenty of data to get to grips with. The data also feeds through onto mobile devices although the display hasn’t been optimised yet.

The pool operators have an IRC based chat room, which any time I’ve gone into, day or night, there’s been someone friendly who’s been there to help, or point me to a place that did. I found one or two minor bugs which I reported, and got a response within a day, and they added one to their project management, so it’s positive to see that they’re continuing to build out the features, not just leave something there half completed, like some of the other pools I’ve come across.

Communication options are easy to switch on and off, letting you choose whether you want to receive emails for logins, payouts, blocks found, idle workers, or their newsletter. The pool also has a pin code, for securing some of the more sensitive functions,but doesn’t let you lock an address, if you want to do that.  It does use https though. Adding workers is straightforward, there are rankings so you can see how you compare to others, and the option to be anonymous. If you choose not to and find a block with one of your hashes, your name is shown for kudos. It also has a QR code for access to a mobile app, but we didn’t check this in this review.

The pool front end is changing iteratively and the back end is stable enough. During about a month, there was one evening where the Irish pool server went down, but as I’m now using the geo sorting link, if something like that happens in the future it would roll over to the London based server, so I don’t think an issue for new miners. Documentation on the site is very light, but with the pool being displayed in the way that it is, it’s very intuitive, and not daunting at all with everything you need on one screen, and more detail on others if you want it.

So in conclusion, Bitcoin Affiliate Network’s Mining Pool is a breath of fresh air from many of the longer established pools. It is a work in progress, but going in a really good direction with their interface and presenting lots of data. It is giving a very stable payout rate at the moment, which they pay out on schedule like clockwork, and you’ll be able to generate a steady predictable income from your hardware and electricity. There are occasional delays in payment, but so far have always paid out in full. Their minimum payout threshold means even smaller scale or hobbiest miners will see their bitcoin wallets grow regularly, and after mining across eight different pools for this series of reviews, we’re going to leave ours pointed with them for the forseeable future.

(Review updated 3/12 to remove out of date PPS rate, and add namecoin support. 21/12 with updated pool speed, 26/12 changed bonus payout from 10% to 1%)

– 17th March 2015 The pool has expanded the amount of statistics steadily and incorporated daddy cool as an alert when a block is found. Recently there have been delays when the pool was waiting to find blocks, or for blocks to confirm, but these have paid out in full when the pool caught up a day or two later. So the payout control isn’t working quite as expected, so review score for earnings dropped from 5 to 4. Also updated review to include dogecoin. 30th March, Score for regularity of payouts dropped to 1 in light of recent delays in payments.

Stats galore
  • Ease of Use
  • Payout threshold
  • Look and feel
  • Earning potential
  • Regularity of earnings
  • Security options

Summary

One of the newer pools, registration is currently suspended with increasing intervals between paying out. The pool still looks and functions good otherwise, with great in-depth data and regularly expanded features, especially in the area of stats.

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User Review

3.4 (30 votes)

Source: https://bitcoinsinireland.com/bitcoin-affiliate-network-mining-pool-review/

Blockchain

Legacy Records, The First Record Label Paying Music Artists In Crypto

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From painters to digital artists to musicians, crypto continues to find integration across artistic mediums. Music continues to be a field that is ripe for revitalization, from a business standpoint. Accordingly, a number of different musicians have been releasing songs and albums as NFTs. Now, we have what’s being reported as the first official record label looking to get involved. The label looks to have artists join the ranks of other musicians getting involved in crypto.

Two-Pronged Approach

In a press release issued to start this week, Legacy Records CEO Keishia McLeod said it came down to “either get involved or get left behind”. McLeod cited unique income stream opportunities for artists and closed by saying that “this is the future, not a trend”. McLeod has stated previously her intent to drive the label to be at the forefront of leveraging emerging technology in music.

There are two major buckets contributing to Legacy’s approach. The first is the most notable, as the label will become the first to offer artists an opportunity to receive their advance and royalty payments in the form of crypto. The second is to engage artists with NFTs, allowing fans to participate in auctions for unique content. The label’s specific plans around NFTs, and number of artists seeking to get paid in crypto, have not yet been disclosed.

Related Reading | The “Hottest” NFT: Max Denison Pender Creates And Destroys A Self-Portrait In A Volcano 

As the crypto market grows, both artists and businesses are getting involved | Source: CRYPTOCAP-TOTAL on TradingView.com

Legacy Music’s Broader Business Growth 

Las Vegas-based Legacy Records, not to be confused with Sony’s Legacy Recordings, will look to take advantage of the potential press buzz from the announcement. However, in tandem with the release, the label also announced a to-be-name music distributor who has also agreed to pay Legacy Records artists in bitcoin. The label also merged with New Jersey entertainment lawyer Navarro Gray’s ‘The Gray Firm’, to provide legal guidance around digital execution.

McLeod has noted previously that the label has desired being a mainstay in revolutionizing the way music artists do business. In a January interview with the LA Tribune, McLeod cited Netflix’s impact on the film industry, adding that “we haven’t seen that yet in this industry, but it’s coming. We’re going to be a large part of making that happen”.

Related Reading | Reviewing Topps MLB’s First Swing At NFT Tech

Music Artists Emerging Into Crypto

Legacy’s roster has the potential to join a growing list of music artists that continue to engage with crypto and NFTs. Last month, we wrote about long-time hip-hop artist Eminem partnering with Nifty Gateway to release original instrumental beats. Saturday Night Live promptly had a sketch explaining the digital collectibles parodying Eminem’s “Without Me”.

Other musicians engaging with NFTs include DJ Premier, 3LAU, The Weeknd, Linkin Park’s Mike Shinoda, and more.

Each week, our team recaps the week’s NFT action with ‘NFTs In A Nutshell‘ – covering everything NFT, from sport, music, and more.

Featured image from Pixabay, Charts from TradingView.com

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/the-first-record-label-paying-music-artists-in-crypto/?utm_source=rss&utm_medium=rss&utm_campaign=the-first-record-label-paying-music-artists-in-crypto

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Blockchain

XRP, Dogecoin, Chainlink Price Analysis: 17 May

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Dogecoin required to counter bearish conditions before a jump above $0.569 resistance. Lastly, Chainlink needed to push above $45.5 to trigger a bullish comeback after a descending triangle breakdown.

XRP

Source: XRP/USD, TradingView

Gains made over the last three days were impressive especially considering a bearish broader market, but sellers returned at $1.52-resistance. At press time, the cryptocurrency traded within the channel $1.52-$1.31 and reflected a degree of equilibrium between the buyers and sellers. For those hoping to make profits from a volatile XRP market, ADX’s movement dimmed expectations. Since mid-April, ADX has been on a steady decline and a period of consolidation seemed likely.

RSI hovered in the neutral territory around 50. A symmetrical triangle awaited a breakout to the upside and the Fibonacci tool presented a few target levels above the 200% extension level north of $3 (not shown).

Dogecoin [DOGE]

Source: DOGE/USD, TradingView

On the daily timeframe, Dogecoin showed some sideways movement as bulls prepared for the next upswing. The channel between $0.523 and $0.373 was bolstered by the 20-SMA (blue) and formed a reliable buy zone should another dip occur.

As mentioned earlier, breaking above $0.569 resistance could trigger another rally in the DOGE market. Steering clear of $0.73-resistance would heighten the chances of DOGE touching $1. However, bearish conditions still presided and had to be countered first before any talks of an upswing. Awesome Oscillator noted bearish pressure after a series of red bars. MACD line remained below the Signal line but a bullish crossover could signal the onset of an uptrend.

Chainlink [LINK]

Source: LINK/USD, TradingView

Chainlink broke south from a descending triangle and a single candlewick dropped as low as $35.1- representing losses of 14% from the bottom trendline. Now below its 50-SMA (yellow) on the daily timeframe, bearish sentiment could lead to another sell-off towards $31 for LINK. On the other hand, some buying volume was noted on the 4-hour timeframe. A pickup in volumes and buying pressure could lead to a resurgence above $45.5 and this would likely push LINK beyond $50. A broader market recovery could act as a catalyst for such a price swing.

Meanwhile, RSI’s lower highs confirmed weakness after LINK formed a peak at $52.9. Even though Chaikin Money Flow dipped over the past couple of days, the index was still well above the half-line as capital inflows outmatched outflows.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/xrp-dogecoin-chainlink-price-analysis-17-may

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Speculation Tesla Dumped Its Bitcoin Holdings Denied By Musk

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Elon Musk puts to bed rumors that Tesla has sold its remaining Bitcoin holdings. The comments came following his second attack on the leading cryptocurrency. This time, he called out the dominance of Chinese mining pools in a now-deleted tweet.

Bitcoin continued from its weekend slide with another drop today, currently down 5% at the time of writing. Given Musk’s apparent influence on markets, some insist he exercises more restraint on social media.

Tesla Has Not Dumped Its Bitcoin

Last week, the Tesla boss announced his firm would no longer accept Bitcoin as payment for its EVs. The reason he gave was a growing concern about the use of highly polluting coal by miners.

This coincided with a mass sell-off in which Bitcoin was hit particularly hard, closing the day down 13% to $49.5k.

Today, Musk tweeted that Bitcoin is highly centralized due to the small number of mining pools that control the network. He maintains that coal is a significant power source for miners, despite counter claims that the network runs mostly on renewable sources.

“A single coal mine in Xinjiang flooded, almost killing miners, and Bitcoin hash rate dropped 35%. Sound decentralized to you?”

In amongst the responses, @CryptoWhale suggested that Tesla will sell their Bitcoin holdings. Adding that, if that happened, Bitcoiners would only have themselves to blame. He was referring to the outpouring of hate directed at Musk.

Musk replied to the tweet with a response of “Indeed.” Some publications interpreted this as confirmation that Musk had already dumped his Bitcoin holdings.

But in a semblance of grace, Musk put the record straight by saying Tesla has not dumped its BTC holdings.

“To clarify speculation, Tesla has not sold any Bitcoin.”

However, with everything that has gone on since last week, is it only a matter of time before Tesla sells up?

Musk Should Be Aware Of His Influence In Moving Markets

Key crypto figures have rallied together in support of Bitcoin. Michael Saylor announced a $15 million BTC buy adding to MicroStrategy’s already substantial war chest, while Jack Dorsey tweeted a message of support in improving its green credentials.

However, @PlanB took a less nuanced approach by accused Musk of deliberating trying to destroy Bitcoin. The comment came in a poll asking his followers whether Musk has derailed Bitcoin from meeting expectations per the stock-to-flow model (S2F).

S2F refers to a predictive model based on scarcity over time. PlanB, who adapted it for Bitcoin use, puts the price of BTC at a minimum of $100,000 by year-end.

The Managing Partner and Co-founder of Nexo, Antoni Trenchev, said Musk should “wake up” to his influence in moving markets.

“He has to wake up to the reality that with his following, even single-worded tweets can move markets.”

But as some would suggest, he is already well aware of his clout in that regard.

Bitcoin daily chart YTD

Source: BTCUSD on TradingView.com

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/speculation-tesla-dumped-its-bitcoin-holdings-denied-by-musk/?utm_source=rss&utm_medium=rss&utm_campaign=speculation-tesla-dumped-its-bitcoin-holdings-denied-by-musk

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