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Eligius Bitcoin Mining Pool Review

May 2018 update – The front end for Eligius has been down for time now since late 2017, and while it may be mining with some users, it hasn’t found many blocks in a long time. Therefore it is not recommended to mine on this pool. A look at Eligius Mining Pool (originally published December 2014) 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

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May 2018 update – The front end for Eligius has been down for time now since late 2017, and while it may be mining with some users, it hasn’t found many blocks in a long time. Therefore it is not recommended to mine on this pool.

eligius-logo

A look at Eligius Mining Pool (originally published December 2014)

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.

We thought we’d have a look at one of the smaller (currently), but longest established mining pools. Eligius was founded in mid 2011  in North America and overall has found over 2.5% of all bitcoin blocks mined to date.

Over time and especially with the advent of large-scale private bitcoin mining operations their market share has dropped, and they are now finding between six and ten blocks a day with about 4.5% of daily blocks found. when I started using them a few months ago, this was about 6% and they have maintained an average of 11 petahashes for the last six weeks I’ve been using their pool.

Eligius operates using a Pay Per Share with Recent Backpay (Pay Per Share) reward system, taking a 0% fee, and passing on mining transaction fees along with the block reward. They mine Bitcoin and Namecoin, although stats currently aren’t available for NMC . The pool utilises the Stratum mining protocol, and vardiff so difficulty will adjust based on your hashing power. Their servers are based in North America.

Earnings are confirmed after 120 network confirmations, and while the default for your first payout you must mine a minimum of 0.04194304 BTC, you can configure this to be smaller, anything over their minimum of 0.01048576. Once you hit the threshold, your payment is queued with other pool users, and as blocks are found, they send the payouts. You need to be able to sign messages with your bitcoin address to make changes. (added 11 October) If your mining stops for a couple of days then your earnings are added to the payout queue, so this means that people who have tiny amounts of power can still get something to their wallets at the end of it.

While the pool operator is very active on bitcointalk, the news on their site is infrequent and their twitter have been silent since February 2014. However, there is a live IRC channel which is active throughout the day, and they are one of the only pools I’ve come across with a telephone number for support. The pool also contains some pretty useful stats and graphs when you sign up for My Eligius, which gives you an idea of your earnings over time, and how it steps up in incriments. A cool feature of the pool is that people can view everyone’s stats, so looking through the leaderboard lets you see what kind of power individual miners are throwing into the pool.

Securitywise, the site requires any changes are signed using your bitcoin wallet address, which is also your username. So there’s no issues of someone changing a payout address for bitcoin, but namecoin can be changed. The pool operator has done a lot of work on various pieces of bitcoin software, including BFGMiner and open source mining pool software, and the stats for the pool also have their own github.

So in conclusion, the interface of Eligius is very disjointed, with very different websites and personal stats, and a bit of duplication of data. However, their mining reward system means that they eventually pay out for orphan blocks, and you can certainly generate a steady stream of blocks from them. Their minimum payout threshold means that you need to have a reasonable amount of hashing power to get to the point where you’ll be able to withdraw, unless you stop mining for a few days, and with difficulty increasing and overall the pool getting less blocks per day as time goes on this will only get worse. But the pool is one of the longest established, most reputable and reliable pools that is available to the public, with a friendly community of fellow miners.

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

Summary

One of the longest established mining pools, Eligius features a mix of different looking sections that sit on top of this mining pool. It stands out for it’s wide range of stats, letting you see how you are doing, as well as being jealous looking at others. It does have a higher minimum payout than most, but your coins will be coming from the coinbase directly

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User Review

3.69 (13 votes)

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

Blockchain

MATIC Price Analysis: Weekly and 4 Hr Chart Analyses Reveals Buy Signal for Polygon

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Polygon recently set a new record for highest bounty paid in DeFi. The team at Polygon paid a two million US dollar worth of bounty to Gerhard Wagner, a white hat hacker who discovered a crucial vulnerability that had put around 850 million US dollars’ worth of capital at risk.

So what type of vulnerability could this be? Well, it’s a double-spend bug, a type of bug that could have tuned catastrophic for the Polygon ecosystem.

Bullish/Bearish Scenario

  • The bear-trap candlestick formation on the weekly time frame, alongside the buildup of bullish divergence on the 4HR time frame, shows that the bulls are back in control.
  • A breakdown of the 1.152 support implies a bearish takeover.

Important Weekly Polygon (MATIC) Announcements

  • Immunefi, a bug bounty, and security platform acknowledged that the bounty is the highest that has been paid in decentralized finance [DeFi].
  • Another exciting announcement in the Polygon ecosystem is the PECO-Polygon Ecosystem Index, which makes it possible for participants to bet on the performance of Polygon [MATIC] projects. The PECO Index is a single token that captures the best native projects on @xPolygon.

Without any further delay, Let’s analyze the MATICUSDT price chart.

Polygon (MATIC) Price Analysis:  MATICUSDT Weekly Chart 

Following the path of most top altcoins in the cryptocurrency market, the MATICUSDT triggers a bear-trap candlestick formation while trading within a rising and expanding wedge.

Although the crypto pair still trades below its all-time high, higher RSI readings above level-25 tell us that we are still in an uptrend and we may soon see a surge in demand for the MATIC token.

Polygon (MATIC) Price Analysis:  MATICUSDT Daily Chart 

A recent regular bearish divergence on the daily chart above shows that we may soon see a slowing and possible correction of current gains.

Failure of RSI values to breach below level-25 would suggest a continuation of the current uptrend.

Polygon (MATIC) Price Analysis:  MATICUSDT 4 Hr Chart 

As the RSI prints higher values above level-25 on the daily time frame, the 4HR time frame confirms entry into the uptrend with an exit of the oversold area [level-25] with the recent entry of oversold at press time.

Regular and hidden bullish divergence setups are instrumental for the previous trend reversal and current trend continuation we see on the above intraday chart.

An impending hidden bullish divergence at press time may be sufficient for the bulls to find a price floor above the 1.491 support and restore the MATIC price into new highs.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Source: https://coingape.com/polygon-matic-price-analysis-intraday-hidden-bullish-divergence-signals-trend-continuation-for-maticusdt/

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Blockchain

Harmony’s ONE Token Targets $1 After Breaking All-Time High

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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Source: https://cryptobriefing.com/harmonys-one-token-targets-1-after-breaking-all-time-high/?utm_source=main_feed&utm_medium=rss

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NEAR Announces $800M in Development Grants

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

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Source: https://cryptobriefing.com/near-announces-800m-in-development-grants/?utm_source=main_feed&utm_medium=rss

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