And the graph is pretty: http://blockchain.info/charts/market-price?timespan=all&showDataPoints=false... People are making a killing! On Wed, Mar 20, 2013 at 1:43 PM, Martin Gicheru <martin@techweez.com> wrote:

And a hedge fund to boot http://j.mp/144RyTy

Regards,

Martin Gicheru | Founder and Editor at Techweez

Tel:254721906171 | Website:http://www.techweez.com | Skype ID: martingicheru | Twitter ID:martingicheru | Gplus: gplus.to/martingicheru

On Wed, Mar 20, 2013 at 2:22 PM, Kibui Maina <mainakibui@gmail.com> wrote:

...

*Interesting read from Stanford on bitcoins* http://crypto.stanford.edu/~xb/fc12/bitcoin.pdf

Rgds, Kibui Kenneth Maina,* *

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On Wed, Mar 20, 2013 at 8:46 AM, Mark Mwangi <mwangy@gmail.com> wrote:

...

Is anyone here minting bitcoins? 1 is trading now for 60 dollars.

I am regretting why I did not start minting years ago when they had just been launched.

http://bitcoin.org/

-- Regards,

Mark Mwangi

markmwangi.me.ke

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DDOS attack has been ruled out as cause of drop of value. Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/MtGox/posts/455962117821534 Original source: http://mashable.com/2013/04/11/bitcoin-was-the-victim-of-its-own-success-not... Martin. On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri <martin.chiteri@gmail.com>wrote:

Hi Dennis,

On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote:

...

DDOS attack has been ruled out as cause of drop of value.

Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.

I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.

This article explains it quite well: http://www.forbes.com/sites/timothylee/2013/04/09/bitcoin-is-a-disruptive-te...

Martin.

...

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Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha! Have a great day! Warm regards, Amarjit Singh Labhuram. On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Found this thread and wondering if anyone had bought or mined some and how many anipee :)

./TheMburu

On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote:

...

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/MtGox/posts/455962117821534

Original source: http://mashable.com/2013/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos-attack/

Martin.

On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri <martin.chiteri@gmail.com

...

wrote:

...

Hi Dennis,

On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote:

...

DDOS attack has been ruled out as cause of drop of value.

Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.

I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.

This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/

Martin.

...

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-- Conservatism is the adherence to the old tried against the new untried.

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Agreed. Have a great day! Warm regards, Amarjit Singh Labhuram. On Fri, Dec 22, 2017 at 1:38 PM, Josiah Mugambi <josiah.mugambi@gmail.com> wrote:

Probably try mining monero

On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Found this thread and wondering if anyone had bought or mined some and how many anipee :)

./TheMburu

On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri <martin.chiteri@gmail.com

...

wrote:

...

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/MtGox/posts/455962117821534

Original source: http://mashable.com/2013/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos-attack/

Martin.

On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

...

Hi Dennis,

On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote:

...

DDOS attack has been ruled out as cause of drop of value.

Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.

I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.

This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/

Martin.

...

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------------

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Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup. Have a great day! Warm regards, Amarjit Singh Labhuram. On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

Interesting conversation.

If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.

Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition? Regards

On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < skunkworks@lists.my.co.ke> wrote:

...

Probably try mining monero

On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Found this thread and wondering if anyone had bought or mined some and how many anipee :)

./TheMburu

On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

...

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/MtGox/posts/455962117821534

Original source: http://mashable.com/2013/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos-attack/

Martin.

On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

...

Hi Dennis,

On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote:

...

DDOS attack has been ruled out as cause of drop of value.

Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.

I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.

This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/

Martin.

...

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-- Conservatism is the adherence to the old tried against the new untried.

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------------

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Great analysis Kevin. From many analysis I've seen, not just with Monero, it makes more sense to buy and hodl than mine, since miners only profit with the appreciation of the crypto assets. So just buy low, and hodl and then HODL some more. Unless of course you are an early adopter and start mining coinx and hold tonnes of it before anybody knows about them. Regards On Dec 22, 2017 5:36 PM, "Kevin Kamonye via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hi Amarjit,

Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.

See the comparisons of the current top bench-marked CPUs and GPUs.

[image: Inline images 1]

[image: Inline images 2] [image: Inline images 3]

Regards,

Kevin

On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Interesting conversation.

If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.

Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition? Regards

On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < skunkworks@lists.my.co.ke> wrote:

...

Probably try mining monero

On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Found this thread and wondering if anyone had bought or mined some and how many anipee :)

./TheMburu

On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

...

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/ MtGox/posts/455962117821534

Original source: http://mashable.com/2013/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos-attack/

Martin.

On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

> Hi Dennis, > > > On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> > wrote: > >> DDOS attack has been ruled out as cause of drop of value. >> >> Personally, keeping away from Bitcoin as I really do not understand >> some of its aspects, especially control and banking. >> >> I think one of the major attractions of Bitcoins is the element of > no centralized control (by the government and central bank / federal > reserve) which appears to be one of the major weaknesses affecting the > monetary system. > > This article explains it quite well: http://www.forbes.com/si > tes/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/ > > Martin. > >> _______________________________________________ >> skunkworks mailing list >> skunkworks@lists.my.co.ke >> ------------ >> List info, subscribe/unsubscribe >> http://orion.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >> ------------ >> >> Skunkworks Rules >> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >> ------------ >> Other services @ http://my.co.ke >> > >

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Hi Kevin, Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing. Have a great day! Warm regards, Amarjit Singh Labhuram. On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.

See the comparisons of the current top bench-marked CPUs and GPUs.

[image: Inline images 1]

[image: Inline images 2] [image: Inline images 3]

Regards,

Kevin

On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Interesting conversation.

If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.

Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition? Regards

On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < skunkworks@lists.my.co.ke> wrote:

...

Probably try mining monero

On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Found this thread and wondering if anyone had bought or mined some and how many anipee :)

./TheMburu

On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

...

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/ MtGox/posts/455962117821534

Original source: http://mashable.com/2013/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos-attack/

Martin.

On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

> Hi Dennis, > > > On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> > wrote: > >> DDOS attack has been ruled out as cause of drop of value. >> >> Personally, keeping away from Bitcoin as I really do not understand >> some of its aspects, especially control and banking. >> >> I think one of the major attractions of Bitcoins is the element of > no centralized control (by the government and central bank / federal > reserve) which appears to be one of the major weaknesses affecting the > monetary system. > > This article explains it quite well: http://www.forbes.com/si > tes/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/ > > Martin. > >> _______________________________________________ >> skunkworks mailing list >> skunkworks@lists.my.co.ke >> ------------ >> List info, subscribe/unsubscribe >> http://orion.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >> ------------ >> >> Skunkworks Rules >> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >> ------------ >> Other services @ http://my.co.ke >> > >

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Hey Kevin, Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch?v=-P28LKWTzrI Have a great day! Warm regards, Amarjit Singh Labhuram. On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely.

But we all know how some people are wired to just want to overcome limitations and restrictions :-)

We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU.

And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight.

In case someone is really keen to understand why, see the below analogy that explains it well enough.

CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores -

...

typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes...

​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​

Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing.

Regards,

Kevin

On 23 December 2017 at 13:41, Amarjit Labhuram <amarjit.labhuram@gmail.com

...

wrote:

...

Hi Kevin,

Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

...

Hi Amarjit,

Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.

See the comparisons of the current top bench-marked CPUs and GPUs.

[image: Inline images 1]

[image: Inline images 2] [image: Inline images 3]

Regards,

Kevin

On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Interesting conversation.

If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.

Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition? Regards

On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < skunkworks@lists.my.co.ke> wrote:

...

Probably try mining monero

On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

> Found this thread and wondering if anyone had bought or mined some > and how many anipee :) > > ./TheMburu > > On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri < > martin.chiteri@gmail.com> wrote: > >> It also seems that Bitcoins were a victim of their own success more >> than anything else https://www.facebook.com/ >> MtGox/posts/455962117821534 >> >> Original source: http://mashable.com/20 >> 13/04/11/bitcoin-was-the-victim-of-its-own-success-not-ddos-attack/ >> >> Martin. >> >> >> On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri < >> martin.chiteri@gmail.com> wrote: >> >>> Hi Dennis, >>> >>> >>> On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> >>> wrote: >>> >>>> DDOS attack has been ruled out as cause of drop of value. >>>> >>>> Personally, keeping away from Bitcoin as I really do not >>>> understand some of its aspects, especially control and banking. >>>> >>>> I think one of the major attractions of Bitcoins is the element >>> of no centralized control (by the government and central bank / federal >>> reserve) which appears to be one of the major weaknesses affecting the >>> monetary system. >>> >>> This article explains it quite well: http://www.forbes.com/si >>> tes/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/ >>> >>> Martin. >>> >>>> _______________________________________________ >>>> skunkworks mailing list >>>> skunkworks@lists.my.co.ke >>>> ------------ >>>> List info, subscribe/unsubscribe >>>> http://orion.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >>>> ------------ >>>> >>>> Skunkworks Rules >>>> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >>>> ------------ >>>> Other services @ http://my.co.ke >>>> >>> >>> >> >> _______________________________________________ >> skunkworks mailing list >> skunkworks@lists.my.co.ke >> ------------ >> List info, subscribe/unsubscribe >> http://orion.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >> ------------ >> >> Skunkworks Rules >> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >> ------------ >> Other services @ http://my.co.ke >> > > > > -- > Conservatism is the adherence to the old tried against the new > untried. > > _______________________________________________ > skunkworks mailing list > skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke >

_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------

Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke

_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------

Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke

_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------

Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke

_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------

Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke

Good this came up. Two questions: 1. What wallet software do you guys use and which is best suited for Kenya. 2. Now that some of use missed on the early adoption of Bitcoins. What should I/We be on the lookout for? ./TheMburu On Sat, Dec 23, 2017 at 3:33 PM, Kevin Kamonye via skunkworks < skunkworks@lists.my.co.ke> wrote:

Most welcome. And that is a very cool video that illustrates it perfectly. Thanks!

Regards,

Kevin

On 23 December 2017 at 15:26, Amarjit Labhuram <amarjit.labhuram@gmail.com

...

wrote:

...

Hey Kevin,

Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch?v=-P28LKWTzrI

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

...

Hi Amarjit,

That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely.

But we all know how some people are wired to just want to overcome limitations and restrictions :-)

We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU.

And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight.

In case someone is really keen to understand why, see the below analogy that explains it well enough.

CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores -

...

typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes...

​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​

Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing.

Regards,

Kevin

On 23 December 2017 at 13:41, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

...

Hi Kevin,

Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye <kevin.kamonye@gmail.com

...

wrote:

...

Hi Amarjit,

Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.

See the comparisons of the current top bench-marked CPUs and GPUs.

[image: Inline images 1]

[image: Inline images 2] [image: Inline images 3]

Regards,

Kevin

On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

> Interesting conversation. > > If we stay out of the production side of crypto, we will find > ourselves where we were in 1991 when the entire would had embraced the > internet, and Africa was lagging behind. > > Josiah, how have you identified Monero as appropriate to mine? Uses > less power, cheaper equipments, less competition? > Regards > > On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < > skunkworks@lists.my.co.ke> wrote: > >> Probably try mining monero >> >> On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < >> skunkworks@lists.my.co.ke> wrote: >> >> Hahaha....mining Bitcoins at the moment is a serious hardware >> investment and with our power rates its quite expensive. Whoever mined then >> is able to sponsor my Governor aspiration campaign ya 2022 if they cash out >> now...hahaha! >> >> Have a great day! >> >> Warm regards, >> Amarjit Singh Labhuram. >> >> >> On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < >> skunkworks@lists.my.co.ke> wrote: >> >>> Found this thread and wondering if anyone had bought or mined some >>> and how many anipee :) >>> >>> ./TheMburu >>> >>> On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri < >>> martin.chiteri@gmail.com> wrote: >>> >>>> It also seems that Bitcoins were a victim of their own success >>>> more than anything else https://www.facebook.com/ >>>> MtGox/posts/455962117821534 >>>> >>>> Original source: http://mashable.com/20 >>>> 13/04/11/bitcoin-was-the-victim-of-its-own-success-not-ddos- >>>> attack/ >>>> >>>> Martin. >>>> >>>> >>>> On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri < >>>> martin.chiteri@gmail.com> wrote: >>>> >>>>> Hi Dennis, >>>>> >>>>> >>>>> On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> >>>>> wrote: >>>>> >>>>>> DDOS attack has been ruled out as cause of drop of value. >>>>>> >>>>>> Personally, keeping away from Bitcoin as I really do not >>>>>> understand some of its aspects, especially control and banking. >>>>>> >>>>>> I think one of the major attractions of Bitcoins is the element >>>>> of no centralized control (by the government and central bank / federal >>>>> reserve) which appears to be one of the major weaknesses affecting the >>>>> monetary system. >>>>> >>>>> This article explains it quite well: http://www.forbes.com/si >>>>> tes/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/ >>>>> >>>>> Martin. >>>>> >>>>>> _______________________________________________ >>>>>> skunkworks mailing list >>>>>> skunkworks@lists.my.co.ke >>>>>> ------------ >>>>>> List info, subscribe/unsubscribe >>>>>> http://orion.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >>>>>> ------------ >>>>>> >>>>>> Skunkworks Rules >>>>>> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >>>>>> ------------ >>>>>> Other services @ http://my.co.ke >>>>>> >>>>> >>>>> >>>> >>>> _______________________________________________ >>>> skunkworks mailing list >>>> skunkworks@lists.my.co.ke >>>> ------------ >>>> List info, subscribe/unsubscribe >>>> http://orion.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >>>> ------------ >>>> >>>> Skunkworks Rules >>>> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >>>> ------------ >>>> Other services @ http://my.co.ke >>>> >>> >>> >>> >>> -- >>> Conservatism is the adherence to the old tried against the new >>> untried. >>> >>> _______________________________________________ >>> skunkworks mailing list >>> skunkworks@lists.my.co.ke >>> ------------ >>> List info, subscribe/unsubscribe >>> http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >>> >>> ------------ >>> >>> Skunkworks Rules >>> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >>> ------------ >>> Other services @ http://my.co.ke >>> >> >> >> _______________________________________________ >> skunkworks mailing list >> skunkworks@lists.my.co.ke >> ------------ >> List info, subscribe/unsubscribe >> http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >> ------------ >> >> Skunkworks Rules >> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >> ------------ >> Other services @ http://my.co.ke >> >> >> >> _______________________________________________ >> skunkworks mailing list >> skunkworks@lists.my.co.ke >> ------------ >> List info, subscribe/unsubscribe >> http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >> ------------ >> >> Skunkworks Rules >> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >> ------------ >> Other services @ http://my.co.ke >> > > _______________________________________________ > skunkworks mailing list > skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke >

_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------

Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke

_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------

Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke

-- Conservatism is the adherence to the old tried against the new untried.

Thanks Dan, when I asked for what to lookout for I meant other innovations out there not in the lines of cryptocurrency. My take is AI for instance but how to monetize it. ./TheMburu On Sat, Dec 30, 2017 at 5:18 AM, Dan Wanjohi <nadwanjohi@gmail.com> wrote:

The best online would be an offline one; most cryptos allow you to put your wallet on paper.

If you missed bitcoin you could try your luck on altcoins; Verge, ripple, ethereum. Ripple was at 0.2 in Dec and now at 2 and is touted to hit 20 once listed on coinbase.

Caveat; As with any investment; be prepared to lose everything!

On Fri, 29 Dec 2017 at 8:26 pm, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Good this came up. Two questions:

1. What wallet software do you guys use and which is best suited for Kenya.

2. Now that some of use missed on the early adoption of Bitcoins. What should I/We be on the lookout for?

./TheMburu

On Sat, Dec 23, 2017 at 3:33 PM, Kevin Kamonye via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Most welcome. And that is a very cool video that illustrates it perfectly. Thanks!

Regards,

Kevin

On 23 December 2017 at 15:26, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

...

Hey Kevin,

Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch?v=-P28LKWTzrI

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye <kevin.kamonye@gmail.com

...

wrote:

...

Hi Amarjit,

That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely.

But we all know how some people are wired to just want to overcome limitations and restrictions :-)

We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU.

And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight.

In case someone is really keen to understand why, see the below analogy that explains it well enough.

CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores -

...

typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes...

​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​

Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing.

Regards,

Kevin

On 23 December 2017 at 13:41, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

...

Hi Kevin,

Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye < kevin.kamonye@gmail.com> wrote:

> Hi Amarjit, > > Actually GPUs can pump out a higher hash rate. But the total power > draw is high and of course most are out of stock everywhere. That is unless > you buy a used one of which you cannot be sure of its condition. > > See the comparisons of the current top bench-marked CPUs and GPUs. > > [image: Inline images 1] > > [image: Inline images 2] > [image: Inline images 3] > > > Regards, > > Kevin > > On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks < > skunkworks@lists.my.co.ke> wrote: > >> Based on Jamo's response on Monero and being a Monero miner myself >> its the current Hash rates are easier to achieve than other mineable >> cryptos that are heavily trading and on the rise price wise. Also its more >> CPU reliant than GPU so rigs or less expensive to setup. >> >> Have a great day! >> >> Warm regards, >> Amarjit Singh Labhuram. >> >> >> On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < >> skunkworks@lists.my.co.ke> wrote: >> >>> Interesting conversation. >>> >>> If we stay out of the production side of crypto, we will find >>> ourselves where we were in 1991 when the entire would had embraced the >>> internet, and Africa was lagging behind. >>> >>> Josiah, how have you identified Monero as appropriate to mine? >>> Uses less power, cheaper equipments, less competition? >>> Regards >>> >>> On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < >>> skunkworks@lists.my.co.ke> wrote: >>> >>>> Probably try mining monero >>>> >>>> On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < >>>> skunkworks@lists.my.co.ke> wrote: >>>> >>>> Hahaha....mining Bitcoins at the moment is a serious hardware >>>> investment and with our power rates its quite expensive. Whoever mined then >>>> is able to sponsor my Governor aspiration campaign ya 2022 if they cash out >>>> now...hahaha! >>>> >>>> Have a great day! >>>> >>>> Warm regards, >>>> Amarjit Singh Labhuram. >>>> >>>> >>>> On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks >>>> <skunkworks@lists.my.co.ke> wrote: >>>> >>>>> Found this thread and wondering if anyone had bought or mined >>>>> some and how many anipee :) >>>>> >>>>> ./TheMburu >>>>> >>>>> On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri < >>>>> martin.chiteri@gmail.com> wrote: >>>>> >>>>>> It also seems that Bitcoins were a victim of their own success >>>>>> more than anything else https://www.facebook.com/ >>>>>> MtGox/posts/455962117821534 >>>>>> >>>>>> Original source: http://mashable.com/ >>>>>> 2013/04/11/bitcoin-was-the-victim-of-its-own-success-not- >>>>>> ddos-attack/ >>>>>> >>>>>> Martin. >>>>>> >>>>>> >>>>>> On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri < >>>>>> martin.chiteri@gmail.com> wrote: >>>>>> >>>>>>> Hi Dennis, >>>>>>> >>>>>>> >>>>>>> On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko < >>>>>>> dmbuvi@gmail.com> wrote: >>>>>>> >>>>>>>> DDOS attack has been ruled out as cause of drop of value. >>>>>>>> >>>>>>>> Personally, keeping away from Bitcoin as I really do not >>>>>>>> understand some of its aspects, especially control and banking. >>>>>>>> >>>>>>>> I think one of the major attractions of Bitcoins is the >>>>>>> element of no centralized control (by the government and central bank / >>>>>>> federal reserve) which appears to be one of the major weaknesses affecting >>>>>>> the monetary system. >>>>>>> >>>>>>> This article explains it quite well: http://www.forbes.com/ >>>>>>> sites/timothylee/2013/04/09/bitcoin-is-a-disruptive- >>>>>>> technology/ >>>>>>> >>>>>>> Martin. >>>>>>> >>>>>>>> _______________________________________________ >>>>>>>> skunkworks mailing list >>>>>>>> skunkworks@lists.my.co.ke >>>>>>>> ------------ >>>>>>>> List info, subscribe/unsubscribe >>>>>>>> http://orion.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >>>>>>>> ------------ >>>>>>>> >>>>>>>> Skunkworks Rules >>>>>>>> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >>>>>>>> ------------ >>>>>>>> Other services @ http://my.co.ke >>>>>>>> >>>>>>> >>>>>>> >>>>>> >>>>>> _______________________________________________ >>>>>> skunkworks mailing list >>>>>> skunkworks@lists.my.co.ke >>>>>> ------------ >>>>>> List info, subscribe/unsubscribe >>>>>> http://orion.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >>>>>> ------------ >>>>>> >>>>>> Skunkworks Rules >>>>>> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >>>>>> ------------ >>>>>> Other services @ http://my.co.ke >>>>>> >>>>> >>>>> >>>>> >>>>> -- >>>>> Conservatism is the adherence to the old tried against the new >>>>> untried. >>>>> >>>>> _______________________________________________ >>>>> skunkworks mailing list >>>>> skunkworks@lists.my.co.ke >>>>> ------------ >>>>> List info, subscribe/unsubscribe >>>>> http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >>>>> >>>>> ------------ >>>>> >>>>> Skunkworks Rules >>>>> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >>>>> ------------ >>>>> Other services @ http://my.co.ke >>>>> >>>> >>>> >>>> _______________________________________________ >>>> skunkworks mailing list >>>> skunkworks@lists.my.co.ke >>>> ------------ >>>> List info, subscribe/unsubscribe >>>> http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >>>> ------------ >>>> >>>> Skunkworks Rules >>>> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >>>> ------------ >>>> Other services @ http://my.co.ke >>>> >>>> >>>> >>>> _______________________________________________ >>>> skunkworks mailing list >>>> skunkworks@lists.my.co.ke >>>> ------------ >>>> List info, subscribe/unsubscribe >>>> http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >>>> ------------ >>>> >>>> Skunkworks Rules >>>> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >>>> ------------ >>>> Other services @ http://my.co.ke >>>> >>> >>> _______________________________________________ >>> skunkworks mailing list >>> skunkworks@lists.my.co.ke >>> ------------ >>> List info, subscribe/unsubscribe >>> http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >>> ------------ >>> >>> Skunkworks Rules >>> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >>> ------------ >>> Other services @ http://my.co.ke >>> >> >> >> _______________________________________________ >> skunkworks mailing list >> skunkworks@lists.my.co.ke >> ------------ >> List info, subscribe/unsubscribe >> http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >> ------------ >> >> Skunkworks Rules >> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >> ------------ >> Other services @ http://my.co.ke >> > >

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-- Conservatism is the adherence to the old tried against the new untried. _______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------

Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke

-- Sent from Gmail Mobile

-- Conservatism is the adherence to the old tried against the new untried.

the science behind bitcoin/cryptocurrencies/cryptoassets/etc is REAL and not a scam. but just like the internet is real, there are those who ride the internet with evil intentions...that shouldn't make the internet a big scam ;-). for long term benefits, focus on the science (Blockchain) behind bitcoin rather than the get-rich-schemes. walu. On Wednesday, January 3, 2018, 2:36:12 AM GMT+3, James Njoroge via skunkworks <skunkworks@lists.my.co.ke> wrote: From the research I've done bit coin and other crypto currencies are a big pyramid scheme. What confirmed this is when I saw big banks taking up the crypto-currnecy concept.I feel like bit coin and the rest are just an experiment for what is to come. My advise get in and get out. Use a hardware wallet by all means. http://www.telegraph.co.uk/technology/news/10510933/JPMorgan-files-patent-fo... https://www.rt.com/business/bitcoin-jpmorgan-internet-cash-116/ Consider that nothing you do online is really anonymous (If your a person of interest, you will be found). On 30 December 2017 at 09:46, TheMburu George via skunkworks <skunkworks@lists.my.co.ke> wrote: Thanks Dan, when I asked for what to lookout for I meant other innovations out there not in the lines of cryptocurrency. My take is AI for instance but how to monetize it. ./TheMburu On Sat, Dec 30, 2017 at 5:18 AM, Dan Wanjohi <nadwanjohi@gmail.com> wrote: The best online would be an offline one; most cryptos allow you to put your wallet on paper. If you missed bitcoin you could try your luck on altcoins; Verge, ripple, ethereum. Ripple was at 0.2 in Dec and now at 2 and is touted to hit 20 once listed on coinbase.  Caveat; As with any investment; be prepared to lose everything! On Fri, 29 Dec 2017 at 8:26 pm, TheMburu George via skunkworks <skunkworks@lists.my.co.ke> wrote: Good this came up. Two questions: 1. What wallet software do you guys use and which is best suited for Kenya.  2. Now that some of use missed on the early adoption of Bitcoins. What should I/We be on the lookout for? ./TheMburu On Sat, Dec 23, 2017 at 3:33 PM, Kevin Kamonye via skunkworks <skunkworks@lists.my.co.ke> wrote: Most welcome. And that is a very cool video that illustrates it perfectly. Thanks! Regards, Kevin On 23 December 2017 at 15:26, Amarjit Labhuram <amarjit.labhuram@gmail.com> wrote: Hey Kevin, Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch? v=-P28LKWTzrI Have a great day! Warm regards, Amarjit Singh Labhuram. On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote: Hi Amarjit, That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely. But we all know how some people are wired to just want to overcome limitations and restrictions :-) We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU. And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight. In case someone is really keen to understand why, see the below analogy that explains it well enough.  CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores - typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes... ​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​ Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing. Regards, Kevin On 23 December 2017 at 13:41, Amarjit Labhuram <amarjit.labhuram@gmail.com> wrote: Hi Kevin, Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing. Have a great day! Warm regards, Amarjit Singh Labhuram. On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote: Hi Amarjit, Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition. See the comparisons of the current top bench-marked CPUs and GPUs. Regards, Kevin On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks <skunkworks@lists.my.co.ke> wrote: Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup. Have a great day! Warm regards, Amarjit Singh Labhuram. On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks <skunkworks@lists.my.co.ke> wrote: Interesting conversation. If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.  Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition?Regards On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" <skunkworks@lists.my.co.ke> wrote: Probably try mining monero On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" <skunkworks@lists.my.co.ke> wrote: Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha! Have a great day! Warm regards, Amarjit Singh Labhuram. On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks <skunkworks@lists.my.co.ke> wrote: Found this thread and wondering if anyone had bought or mined some and how many anipee :) ./TheMburu On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote: It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/ MtGox/posts/455962117821534  Original source: http://mashable.com/20 13/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos- attack/ Martin. On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote: Hi Dennis,  On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote: DDOS attack has been ruled out as cause of drop of value. Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking. I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.  This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitc oin-is-a-disruptive-technology /  Martin.  ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://orion.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://orion.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke -- Conservatism is the adherence to the old tried against the new untried. ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke -- Conservatism is the adherence to the old tried against the new untried.______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke -- Sent from Gmail Mobile -- Conservatism is the adherence to the old tried against the new untried. ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/ viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke -- Regards, James _______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke

Currently, Bitcoin is not operating as per design. Ask someone who has no idea of blockchain what bitcoin is and they will call it a stock. <https://mailtrack.io/> Sent with Mailtrack <https://chrome.google.com/webstore/detail/mailtrack-for-gmail-inbox/ndnaehgpjlnokgebbaldlmgkapkpjkkb?utm_source=gmail&utm_medium=signature&utm_campaign=signaturevirality> Regards, Job Muriuki, Skype: heviejob On Wed, Jan 3, 2018 at 12:50 PM, Walubengo J via skunkworks < skunkworks@lists.my.co.ke> wrote:

the science behind bitcoin/cryptocurrencies/cryptoassets/etc is REAL and not a scam.

but just like the internet is real, there are those who ride the internet with evil intentions...that shouldn't make the internet a big scam ;-).

for long term benefits, focus on the science (Blockchain) behind bitcoin rather than the get-rich-schemes.

walu.

On Wednesday, January 3, 2018, 2:36:12 AM GMT+3, James Njoroge via skunkworks <skunkworks@lists.my.co.ke> wrote:

From the research I've done bit coin and other crypto currencies are a big pyramid scheme. What confirmed this is when I saw big banks taking up the crypto-currnecy concept.I feel like bit coin and the rest are just an experiment for what is to come. My advise get in and get out. Use a hardware wallet by all means. http://www.telegraph.co.uk/technology/news/10510933/ JPMorgan-files-patent-for-bitcoin-killer-currency.html https://www.rt.com/business/bitcoin-jpmorgan-internet-cash-116/

Consider that nothing you do online is really anonymous (If your a person of interest, you will be found).

On 30 December 2017 at 09:46, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Thanks Dan, when I asked for what to lookout for I meant other innovations out there not in the lines of cryptocurrency. My take is AI for instance but how to monetize it.

./TheMburu

On Sat, Dec 30, 2017 at 5:18 AM, Dan Wanjohi <nadwanjohi@gmail.com> wrote:

The best online would be an offline one; most cryptos allow you to put your wallet on paper.

If you missed bitcoin you could try your luck on altcoins; Verge, ripple, ethereum. Ripple was at 0.2 in Dec and now at 2 and is touted to hit 20 once listed on coinbase.

Caveat; As with any investment; be prepared to lose everything!

On Fri, 29 Dec 2017 at 8:26 pm, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Good this came up. Two questions:

1. What wallet software do you guys use and which is best suited for Kenya.

2. Now that some of use missed on the early adoption of Bitcoins. What should I/We be on the lookout for?

./TheMburu

On Sat, Dec 23, 2017 at 3:33 PM, Kevin Kamonye via skunkworks < skunkworks@lists.my.co.ke> wrote:

Most welcome. And that is a very cool video that illustrates it perfectly. Thanks!

Regards,

Kevin

On 23 December 2017 at 15:26, Amarjit Labhuram <amarjit.labhuram@gmail.com

...

wrote:

Hey Kevin,

Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch? v=-P28LKWTzrI <https://www.youtube.com/watch?v=-P28LKWTzrI>

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely.

But we all know how some people are wired to just want to overcome limitations and restrictions :-)

We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU.

And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight.

In case someone is really keen to understand why, see the below analogy that explains it well enough.

CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores - typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes...

​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​

Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing.

Regards,

Kevin

On 23 December 2017 at 13:41, Amarjit Labhuram <amarjit.labhuram@gmail.com

...

wrote:

Hi Kevin,

Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.

See the comparisons of the current top bench-marked CPUs and GPUs.

[image: Inline images 1]

[image: Inline images 2] [image: Inline images 3]

Regards,

Kevin

On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks < skunkworks@lists.my.co.ke> wrote:

Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

Interesting conversation.

If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.

Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition? Regards

On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Probably try mining monero

On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Found this thread and wondering if anyone had bought or mined some and how many anipee :)

./TheMburu

On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote:

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/ MtGox/posts/455962117821534 <https://www.facebook.com/MtGox/posts/455962117821534>

Original source: http://mashable.com/20 13/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos- attack/ <http://mashable.com/2013/04/11/bitcoin-was-the-victim-of-its-own-success-not-ddos-attack/>

Martin.

On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote:

Hi Dennis,

On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote:

DDOS attack has been ruled out as cause of drop of value.

Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.

I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.

This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitc oin-is-a-disruptive-technology / <http://www.forbes.com/sites/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/>

Martin.

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-- Sent from Gmail Mobile

-- Conservatism is the adherence to the old tried against the new untried.

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-- Regards,

James

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Hahahaha. Everyone is skeptical of high risk high returns trading though all the info is out there about crypto and I guess with an educated human population who have access to this information one would expect less skepticism. Personally jumped on to TRON today which has been showing a good growth rate and its purpose being built for the entertainment sector of which I am in as well so know the value it will bring. Ripple has been my biggest cash cow so far on the trading side while Monero mining is still going strong. I got faith! Have a great day! Warm regards, Amarjit Singh Labhuram. On Thu, Jan 4, 2018 at 4:45 PM, Okechukwu via skunkworks < skunkworks@lists.my.co.ke> wrote:

I'm shocked that people who have IT knowledge and can read more about bitcoin call it a scam, SMH!

./Ok3ch

On Wed, Jan 3, 2018 at 1:55 PM, Job Muriuki via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Currently, Bitcoin is not operating as per design. Ask someone who has no idea of blockchain what bitcoin is and they will call it a stock.

<https://mailtrack.io/> Sent with Mailtrack <https://chrome.google.com/webstore/detail/mailtrack-for-gmail-inbox/ndnaehgpjlnokgebbaldlmgkapkpjkkb?utm_source=gmail&utm_medium=signature&utm_campaign=signaturevirality>

Regards, Job Muriuki,

Skype: heviejob

On Wed, Jan 3, 2018 at 12:50 PM, Walubengo J via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

the science behind bitcoin/cryptocurrencies/cryptoassets/etc is REAL and not a scam.

but just like the internet is real, there are those who ride the internet with evil intentions...that shouldn't make the internet a big scam ;-).

for long term benefits, focus on the science (Blockchain) behind bitcoin rather than the get-rich-schemes.

walu.

On Wednesday, January 3, 2018, 2:36:12 AM GMT+3, James Njoroge via skunkworks <skunkworks@lists.my.co.ke> wrote:

From the research I've done bit coin and other crypto currencies are a big pyramid scheme. What confirmed this is when I saw big banks taking up the crypto-currnecy concept.I feel like bit coin and the rest are just an experiment for what is to come. My advise get in and get out. Use a hardware wallet by all means. http://www.telegraph.co.uk/technology/news/10510933/JPMorgan -files-patent-for-bitcoin-killer-currency.html https://www.rt.com/business/bitcoin-jpmorgan-internet-cash-116/

Consider that nothing you do online is really anonymous (If your a person of interest, you will be found).

On 30 December 2017 at 09:46, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Thanks Dan, when I asked for what to lookout for I meant other innovations out there not in the lines of cryptocurrency. My take is AI for instance but how to monetize it.

./TheMburu

On Sat, Dec 30, 2017 at 5:18 AM, Dan Wanjohi <nadwanjohi@gmail.com> wrote:

The best online would be an offline one; most cryptos allow you to put your wallet on paper.

If you missed bitcoin you could try your luck on altcoins; Verge, ripple, ethereum. Ripple was at 0.2 in Dec and now at 2 and is touted to hit 20 once listed on coinbase.

Caveat; As with any investment; be prepared to lose everything!

On Fri, 29 Dec 2017 at 8:26 pm, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Good this came up. Two questions:

1. What wallet software do you guys use and which is best suited for Kenya.

2. Now that some of use missed on the early adoption of Bitcoins. What should I/We be on the lookout for?

./TheMburu

On Sat, Dec 23, 2017 at 3:33 PM, Kevin Kamonye via skunkworks < skunkworks@lists.my.co.ke> wrote:

Most welcome. And that is a very cool video that illustrates it perfectly. Thanks!

Regards,

Kevin

On 23 December 2017 at 15:26, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

Hey Kevin,

Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch? v=-P28LKWTzrI <https://www.youtube.com/watch?v=-P28LKWTzrI>

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely.

But we all know how some people are wired to just want to overcome limitations and restrictions :-)

We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU.

And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight.

In case someone is really keen to understand why, see the below analogy that explains it well enough.

CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores - typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes...

​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​

Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing.

Regards,

Kevin

On 23 December 2017 at 13:41, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

Hi Kevin,

Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.

See the comparisons of the current top bench-marked CPUs and GPUs.

[image: Inline images 1]

[image: Inline images 2] [image: Inline images 3]

Regards,

Kevin

On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks < skunkworks@lists.my.co.ke> wrote:

Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

Interesting conversation.

If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.

Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition? Regards

On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Probably try mining monero

On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Found this thread and wondering if anyone had bought or mined some and how many anipee :)

./TheMburu

On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/ MtGox/posts/455962117821534 <https://www.facebook.com/MtGox/posts/455962117821534>

Original source: http://mashable.com/20 13/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos- attack/ <http://mashable.com/2013/04/11/bitcoin-was-the-victim-of-its-own-success-not-ddos-attack/>

Martin.

On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

Hi Dennis,

On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote:

DDOS attack has been ruled out as cause of drop of value.

Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.

I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.

This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitc oin-is-a-disruptive-technology / <http://www.forbes.com/sites/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/>

Martin.

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Hi Jimmy, It depends on what rig you are running to mine. Electricity in Kenya is expensive and I mine on servers running Xeon processors cause I get better hash rates than on my gaming rigs GPU. If you can invest in the initial hardware to mine then its a cost effective plan for the long run. Check this article out too: http://edition.cnn.com/2017/12/18/africa/inside-life- cryptocurrency-miner-kenya-africa/index.html Have a great day! Warm regards, Amarjit Singh Labhuram. On Thu, Jan 4, 2018 at 5:09 PM, Jimmy Thuo via skunkworks < skunkworks@lists.my.co.ke> wrote:

Is monero mining really worthwhile? I tried it once but only managed mining about 1.5$ worth per day.

On Thu, Jan 4, 2018 at 4:59 PM, Amarjit Labhuram via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Hahahaha. Everyone is skeptical of high risk high returns trading though all the info is out there about crypto and I guess with an educated human population who have access to this information one would expect less skepticism. Personally jumped on to TRON today which has been showing a good growth rate and its purpose being built for the entertainment sector of which I am in as well so know the value it will bring. Ripple has been my biggest cash cow so far on the trading side while Monero mining is still going strong. I got faith!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Thu, Jan 4, 2018 at 4:45 PM, Okechukwu via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

I'm shocked that people who have IT knowledge and can read more about bitcoin call it a scam, SMH!

./Ok3ch

On Wed, Jan 3, 2018 at 1:55 PM, Job Muriuki via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Currently, Bitcoin is not operating as per design. Ask someone who has no idea of blockchain what bitcoin is and they will call it a stock.

<https://mailtrack.io/> Sent with Mailtrack <https://chrome.google.com/webstore/detail/mailtrack-for-gmail-inbox/ndnaehgpjlnokgebbaldlmgkapkpjkkb?utm_source=gmail&utm_medium=signature&utm_campaign=signaturevirality>

Regards, Job Muriuki,

Skype: heviejob

On Wed, Jan 3, 2018 at 12:50 PM, Walubengo J via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

the science behind bitcoin/cryptocurrencies/cryptoassets/etc is REAL and not a scam.

but just like the internet is real, there are those who ride the internet with evil intentions...that shouldn't make the internet a big scam ;-).

for long term benefits, focus on the science (Blockchain) behind bitcoin rather than the get-rich-schemes.

walu.

On Wednesday, January 3, 2018, 2:36:12 AM GMT+3, James Njoroge via skunkworks <skunkworks@lists.my.co.ke> wrote:

From the research I've done bit coin and other crypto currencies are a big pyramid scheme. What confirmed this is when I saw big banks taking up the crypto-currnecy concept.I feel like bit coin and the rest are just an experiment for what is to come. My advise get in and get out. Use a hardware wallet by all means. http://www.telegraph.co.uk/technology/news/10510933/JPMorgan -files-patent-for-bitcoin-killer-currency.html https://www.rt.com/business/bitcoin-jpmorgan-internet-cash-116/

Consider that nothing you do online is really anonymous (If your a person of interest, you will be found).

On 30 December 2017 at 09:46, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Thanks Dan, when I asked for what to lookout for I meant other innovations out there not in the lines of cryptocurrency. My take is AI for instance but how to monetize it.

./TheMburu

On Sat, Dec 30, 2017 at 5:18 AM, Dan Wanjohi <nadwanjohi@gmail.com> wrote:

The best online would be an offline one; most cryptos allow you to put your wallet on paper.

If you missed bitcoin you could try your luck on altcoins; Verge, ripple, ethereum. Ripple was at 0.2 in Dec and now at 2 and is touted to hit 20 once listed on coinbase.

Caveat; As with any investment; be prepared to lose everything!

On Fri, 29 Dec 2017 at 8:26 pm, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Good this came up. Two questions:

1. What wallet software do you guys use and which is best suited for Kenya.

2. Now that some of use missed on the early adoption of Bitcoins. What should I/We be on the lookout for?

./TheMburu

On Sat, Dec 23, 2017 at 3:33 PM, Kevin Kamonye via skunkworks < skunkworks@lists.my.co.ke> wrote:

Most welcome. And that is a very cool video that illustrates it perfectly. Thanks!

Regards,

Kevin

On 23 December 2017 at 15:26, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

Hey Kevin,

Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch? v=-P28LKWTzrI <https://www.youtube.com/watch?v=-P28LKWTzrI>

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye < kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely.

But we all know how some people are wired to just want to overcome limitations and restrictions :-)

We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU.

And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight.

In case someone is really keen to understand why, see the below analogy that explains it well enough.

CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores - typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes...

​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​

Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing.

Regards,

Kevin

On 23 December 2017 at 13:41, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

Hi Kevin,

Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye < kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.

See the comparisons of the current top bench-marked CPUs and GPUs.

[image: Inline images 1]

[image: Inline images 2] [image: Inline images 3]

Regards,

Kevin

On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks < skunkworks@lists.my.co.ke> wrote:

Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

Interesting conversation.

If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.

Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition? Regards

On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Probably try mining monero

On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Found this thread and wondering if anyone had bought or mined some and how many anipee :)

./TheMburu

On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/ MtGox/posts/455962117821534 <https://www.facebook.com/MtGox/posts/455962117821534>

Original source: http://mashable.com/20 13/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos- attack/ <http://mashable.com/2013/04/11/bitcoin-was-the-victim-of-its-own-success-not-ddos-attack/>

Martin.

On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

Hi Dennis,

On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote:

DDOS attack has been ruled out as cause of drop of value.

Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.

I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.

This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitc oin-is-a-disruptive-technology / <http://www.forbes.com/sites/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/>

Martin.

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Unfortunately the exchanges with the most TRON coins and the ones you can transfer cash into with your visa card have closed new registration . You could try your luck though https://coinmarketcap.com/currencies/tron/#markets Regards Jeremiah Ngure Telenet Solutions Ltd +254721840146 On Thu, Jan 4, 2018 at 8:52 PM, Mike via skunkworks < skunkworks@lists.my.co.ke> wrote:

Hey

Can I ask how you buy TRON. Want to buy some.

Mike

*From:* Amarjit Labhuram via skunkworks [mailto:skunkworks@lists.my.co.ke]

*Sent:* 04 January 2018 17:00 *To:* Skunkworks Mailing List <skunkworks@lists.my.co.ke> *Cc:* Amarjit Labhuram <amarjit.labhuram@gmail.com> *Subject:* Re: [Skunkworks] Bitcoins

Hahahaha. Everyone is skeptical of high risk high returns trading though all the info is out there about crypto and I guess with an educated human population who have access to this information one would expect less skepticism. Personally jumped on to TRON today which has been showing a good growth rate and its purpose being built for the entertainment sector of which I am in as well so know the value it will bring. Ripple has been my biggest cash cow so far on the trading side while Monero mining is still going strong. I got faith!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Thu, Jan 4, 2018 at 4:45 PM, Okechukwu via skunkworks < skunkworks@lists.my.co.ke> wrote:

I'm shocked that people who have IT knowledge and can read more about bitcoin call it a scam, SMH!

./Ok3ch

On Wed, Jan 3, 2018 at 1:55 PM, Job Muriuki via skunkworks < skunkworks@lists.my.co.ke> wrote:

Currently, Bitcoin is not operating as per design. Ask someone who has no idea of blockchain what bitcoin is and they will call it a stock.

<https://mailtrack.io/>Sent with Mailtrack <https://chrome.google.com/webstore/detail/mailtrack-for-gmail-inbox/ndnaehgpjlnokgebbaldlmgkapkpjkkb?utm_source=gmail&utm_medium=signature&utm_campaign=signaturevirality>

Regards, Job Muriuki,

Skype: heviejob

On Wed, Jan 3, 2018 at 12:50 PM, Walubengo J via skunkworks < skunkworks@lists.my.co.ke> wrote:

the science behind bitcoin/cryptocurrencies/cryptoassets/etc is REAL and not a scam.

but just like the internet is real, there are those who ride the internet with evil intentions...that shouldn't make the internet a big scam ;-).

for long term benefits, focus on the science (Blockchain) behind bitcoin rather than the get-rich-schemes.

walu.

On Wednesday, January 3, 2018, 2:36:12 AM GMT+3, James Njoroge via skunkworks <skunkworks@lists.my.co.ke> wrote:

From the research I've done bit coin and other crypto currencies are a big pyramid scheme. What confirmed this is when I saw big banks taking up the crypto-currnecy concept.I feel like bit coin and the rest are just an experiment for what is to come. My advise get in and get out. Use a hardware wallet by all means. http://www.telegraph.co.uk/technology/news/10510933/ JPMorgan-files-patent-for-bitcoin-killer-currency.html https://www.rt.com/business/bitcoin-jpmorgan-internet-cash-116/

Consider that nothing you do online is really anonymous (If your a person of interest, you will be found).

On 30 December 2017 at 09:46, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Thanks Dan, when I asked for what to lookout for I meant other innovations out there not in the lines of cryptocurrency. My take is AI for instance but how to monetize it.

./TheMburu

On Sat, Dec 30, 2017 at 5:18 AM, Dan Wanjohi <nadwanjohi@gmail.com> wrote:

The best online would be an offline one; most cryptos allow you to put your wallet on paper.

If you missed bitcoin you could try your luck on altcoins; Verge, ripple, ethereum. Ripple was at 0.2 in Dec and now at 2 and is touted to hit 20 once listed on coinbase.

Caveat; As with any investment; be prepared to lose everything!

On Fri, 29 Dec 2017 at 8:26 pm, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Good this came up. Two questions:

1. What wallet software do you guys use and which is best suited for Kenya.

2. Now that some of use missed on the early adoption of Bitcoins. What should I/We be on the lookout for?

./TheMburu

On Sat, Dec 23, 2017 at 3:33 PM, Kevin Kamonye via skunkworks < skunkworks@lists.my.co.ke> wrote:

Most welcome. And that is a very cool video that illustrates it perfectly. Thanks!

Regards,

Kevin

On 23 December 2017 at 15:26, Amarjit Labhuram <amarjit.labhuram@gmail.com> wrote:

Hey Kevin,

Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch? v=-P28LKWTzrI <https://www.youtube.com/watch?v=-P28LKWTzrI>

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely.

But we all know how some people are wired to just want to overcome limitations and restrictions :-)

We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU.

And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight.

In case someone is really keen to understand why, see the below analogy that explains it well enough.

CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores - typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes...

​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​

Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing.

Regards,

Kevin

On 23 December 2017 at 13:41, Amarjit Labhuram <amarjit.labhuram@gmail.com> wrote:

Hi Kevin,

Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.

See the comparisons of the current top bench-marked CPUs and GPUs.

[image: Inline images 1]

[image: Inline images 2]

[image: Inline images 3]

Regards,

Kevin

On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks < skunkworks@lists.my.co.ke> wrote:

Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

Interesting conversation.

If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.

Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition?

Regards

On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Probably try mining monero

On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Found this thread and wondering if anyone had bought or mined some and how many anipee :)

./TheMburu

On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote:

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/ MtGox/posts/455962117821534 <https://www.facebook.com/MtGox/posts/455962117821534>

Original source: http://mashable.com/20 13/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos- attack/ <http://mashable.com/2013/04/11/bitcoin-was-the-victim-of-its-own-success-not-ddos-attack/>

Martin.

On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote:

Hi Dennis,

On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote:

DDOS attack has been ruled out as cause of drop of value.

Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.

I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.

This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitc oin-is-a-disruptive-technology / <http://www.forbes.com/sites/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/>

Martin.

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You guys are a developer network. No? You should be discussing how to create and float your own crypto-asset.  In other words, the next blockchain app with local uptake.  You could start here https://www.bigchaindb.com/partners/ipdb/ Ama namna gani? walu. Nb: Ofcourse you can also chose to focus on the buying and selling but that's like 0.01% of the opportunity. And it only makes 0.01% of us billionaires as the rest of us remain speculators. On Thursday, January 4, 2018, 9:37:43 PM GMT+3, Emmanuel via skunkworks <skunkworks@lists.my.co.ke> wrote: i read a monkey business . i can share On Jan 4, 2018 9:30 PM, "Jeremiah Ngure via skunkworks" <skunkworks@lists.my.co.ke> wrote: Unfortunately the exchanges with the most TRON coins   and the ones you can transfer cash into with your visa card have closed  new registration .  You could try your luck though https://coinmarketcap.com/ currencies/tron/#markets Regards Jeremiah  Ngure Telenet Solutions Ltd +254721840146  On Thu, Jan 4, 2018 at 8:52 PM, Mike via skunkworks <skunkworks@lists.my.co.ke> wrote: Hey Can I ask how you buy TRON. Want to buy some. Mike   From: Amarjit Labhuram via skunkworks [mailto:skunkworks@lists.my.co .ke] Sent: 04 January 2018 17:00 To: Skunkworks Mailing List <skunkworks@lists.my.co.ke> Cc: Amarjit Labhuram <amarjit.labhuram@gmail.com> Subject: Re: [Skunkworks] Bitcoins   Hahahaha. Everyone is skeptical of high risk high returns trading though all the info is out there about crypto and I guess with an educated human population who have access to this information one would expect less skepticism. Personally jumped on to TRON today which has been showing a good growth rate and its purpose being built for the entertainment sector of which I am in as well so know the value it will bring. Ripple has been my biggest cash cow so far on the trading side while Monero mining is still going strong. I got faith! Have a great day! Warm regards, Amarjit Singh Labhuram.     On Thu, Jan 4, 2018 at 4:45 PM, Okechukwu via skunkworks <skunkworks@lists.my.co.ke> wrote: I'm shocked that people who have IT knowledge and can read more about bitcoin call it a scam, SMH!   ./Ok3ch   On Wed, Jan 3, 2018 at 1:55 PM, Job Muriuki via skunkworks <skunkworks@lists.my.co.ke> wrote: Currently, Bitcoin is not operating as per design. Ask someone who has no idea of blockchain what bitcoin is and they will call it a stock. Sent with Mailtrack Regards, Job Muriuki, Skype: heviejob   On Wed, Jan 3, 2018 at 12:50 PM, Walubengo J via skunkworks <skunkworks@lists.my.co.ke> wrote: the science behind bitcoin/cryptocurrencies/crypt oassets/etc is REAL and not a scam.   but just like the internet is real, there are those who ride the internet with evil intentions...that shouldn't make the internet a big scam ;-).   for long term benefits, focus on the science (Blockchain) behind bitcoin rather than the get-rich-schemes.   walu.   On Wednesday, January 3, 2018, 2:36:12 AM GMT+3, James Njoroge via skunkworks <skunkworks@lists.my.co.ke> wrote:    

From the research I've done bit coin and other crypto currencies are a big pyramid scheme. What confirmed this is when I saw big banks taking up the crypto-currnecy concept.I feel like bit coin and the rest are just an experiment for what is to come. My advise get in and get out. Use a hardware wallet by all means. http://www.telegraph.co.uk/tec hnology/news/10510933/JPMorgan -files-patent-for-bitcoin- killer-currency.html https://www.rt.com/business/bi tcoin-jpmorgan-internet-cash- 116/

Consider that nothing you do online is really anonymous (If your a person of interest, you will be found).   On 30 December 2017 at 09:46, TheMburu George via skunkworks <skunkworks@lists.my.co.ke> wrote: Thanks Dan, when I asked for what to lookout for I meant other innovations out there not in the lines of cryptocurrency. My take is AI for instance but how to monetize it.   ./TheMburu   On Sat, Dec 30, 2017 at 5:18 AM, Dan Wanjohi <nadwanjohi@gmail.com> wrote: The best online would be an offline one; most cryptos allow you to put your wallet on paper.   If you missed bitcoin you could try your luck on altcoins; Verge, ripple, ethereum. Ripple was at 0.2 in Dec and now at 2 and is touted to hit 20 once listed on coinbase.    Caveat; As with any investment; be prepared to lose everything!   On Fri, 29 Dec 2017 at 8:26 pm, TheMburu George via skunkworks <skunkworks@lists.my.co.ke> wrote: Good this came up. Two questions:   1. What wallet software do you guys use and which is best suited for Kenya.    2. Now that some of use missed on the early adoption of Bitcoins. What should I/We be on the lookout for?   ./TheMburu       On Sat, Dec 23, 2017 at 3:33 PM, Kevin Kamonye via skunkworks <skunkworks@lists.my.co.ke> wrote: Most welcome. And that is a very cool video that illustrates it perfectly. Thanks! Regards,   Kevin   On 23 December 2017 at 15:26, Amarjit Labhuram <amarjit.labhuram@gmail.com> wrote: Hey Kevin, Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch? v=-P28LKWTzrI Have a great day! Warm regards, Amarjit Singh Labhuram.     On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote: Hi Amarjit,   That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely.   But we all know how some people are wired to just want to overcome limitations and restrictions :-)   We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU.   And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight.   In case someone is really keen to understand why, see the below analogy that explains it well enough.    CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores - typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes... ​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​   Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing.   Regards,   Kevin   On 23 December 2017 at 13:41, Amarjit Labhuram <amarjit.labhuram@gmail.com> wrote: Hi Kevin, Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing. Have a great day! Warm regards, Amarjit Singh Labhuram.     On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote: Hi Amarjit,   Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.   See the comparisons of the current top bench-marked CPUs and GPUs.       Regards,   Kevin   On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks <skunkworks@lists.my.co.ke> wrote: Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup. Have a great day! Warm regards, Amarjit Singh Labhuram.     On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks <skunkworks@lists.my.co.ke> wrote: Interesting conversation.   If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.    Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition? Regards   On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" <skunkworks@lists.my.co.ke> wrote: Probably try mining monero   On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" <skunkworks@lists.my.co.ke> wrote: Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha! Have a great day! Warm regards, Amarjit Singh Labhuram.     On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks <skunkworks@lists.my.co.ke> wrote: Found this thread and wondering if anyone had bought or mined some and how many anipee :)   ./TheMburu   On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote: It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/ MtGox/posts/455962117821534    Original source: http://mashable.com/20 13/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos- attack/   Martin.   On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote: Hi Dennis,    On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote: DDOS attack has been ruled out as cause of drop of value. Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.   I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.    This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitc oin-is-a-disruptive-technology /    Martin.  ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://orion.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke     ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://orion.my.co.ke/cgi-bin/ 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info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke   -- Conservatism is the adherence to the old tried against the new untried. ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke -- Sent from Gmail Mobile   -- Conservatism is the adherence to the old tried against the new untried. ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/ viewtopic.php?f=24&t=94 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Also check out sureremit.co On Jan 5, 2018 10:10 AM, "TheMburu George via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Now there is nurucoin which is Kenyan, whats your take? They saying aim is for it to be an African currency,

./TheMburu

On Fri, Jan 5, 2018 at 8:30 AM, Walubengo J via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

You guys are a developer network. No?

You should be discussing how to create and float your own crypto-asset. In other words, the next blockchain app with local uptake. You could start here https://www.bigchaindb.com/partners/ipdb/

Ama namna gani?

walu.

Nb: Ofcourse you can also chose to focus on the buying and selling but that's like 0.01% of the opportunity. And it only makes 0.01% of us billionaires as the rest of us remain speculators.

On Thursday, January 4, 2018, 9:37:43 PM GMT+3, Emmanuel via skunkworks < skunkworks@lists.my.co.ke> wrote:

i read a monkey business . i can share

On Jan 4, 2018 9:30 PM, "Jeremiah Ngure via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Unfortunately the exchanges with the most TRON coins and the ones you can transfer cash into with your visa card have closed new registration . You could try your luck though

https://coinmarketcap.com/ currencies/tron/#markets <https://coinmarketcap.com/currencies/tron/#markets>

Regards

Jeremiah Ngure Telenet Solutions Ltd +254721840146

On Thu, Jan 4, 2018 at 8:52 PM, Mike via skunkworks < skunkworks@lists.my.co.ke> wrote:

Hey

Can I ask how you buy TRON. Want to buy some.

Mike

*From:* Amarjit Labhuram via skunkworks [mailto:skunkworks@lists.my.co .ke <skunkworks@lists.my.co.ke>] *Sent:* 04 January 2018 17:00 *To:* Skunkworks Mailing List <skunkworks@lists.my.co.ke> *Cc:* Amarjit Labhuram <amarjit.labhuram@gmail.com> *Subject:* Re: [Skunkworks] Bitcoins

Hahahaha. Everyone is skeptical of high risk high returns trading though all the info is out there about crypto and I guess with an educated human population who have access to this information one would expect less skepticism. Personally jumped on to TRON today which has been showing a good growth rate and its purpose being built for the entertainment sector of which I am in as well so know the value it will bring. Ripple has been my biggest cash cow so far on the trading side while Monero mining is still going strong. I got faith!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Thu, Jan 4, 2018 at 4:45 PM, Okechukwu via skunkworks < skunkworks@lists.my.co.ke> wrote:

I'm shocked that people who have IT knowledge and can read more about bitcoin call it a scam, SMH!

./Ok3ch

On Wed, Jan 3, 2018 at 1:55 PM, Job Muriuki via skunkworks < skunkworks@lists.my.co.ke> wrote:

Currently, Bitcoin is not operating as per design. Ask someone who has no idea of blockchain what bitcoin is and they will call it a stock.

<https://mailtrack.io/>Sent with Mailtrack <https://chrome.google.com/webstore/detail/mailtrack-for-gmail-inbox/ndnaehgpjlnokgebbaldlmgkapkpjkkb?utm_source=gmail&utm_medium=signature&utm_campaign=signaturevirality>

Regards, Job Muriuki,

Skype: heviejob

On Wed, Jan 3, 2018 at 12:50 PM, Walubengo J via skunkworks < skunkworks@lists.my.co.ke> wrote:

the science behind bitcoin/cryptocurrencies/crypt oassets/etc is REAL and not a scam.

but just like the internet is real, there are those who ride the internet with evil intentions...that shouldn't make the internet a big scam ;-).

for long term benefits, focus on the science (Blockchain) behind bitcoin rather than the get-rich-schemes.

walu.

On Wednesday, January 3, 2018, 2:36:12 AM GMT+3, James Njoroge via skunkworks <skunkworks@lists.my.co.ke> wrote:

From the research I've done bit coin and other crypto currencies are a big pyramid scheme. What confirmed this is when I saw big banks taking up the crypto-currnecy concept.I feel like bit coin and the rest are just an experiment for what is to come. My advise get in and get out. Use a hardware wallet by all means. http://www.telegraph.co.uk/tec hnology/news/10510933/JPMorgan -files-patent-for-bitcoin- killer-currency.html <http://www.telegraph.co.uk/technology/news/10510933/JPMorgan-files-patent-for-bitcoin-killer-currency.html> https://www.rt.com/business/bi tcoin-jpmorgan-internet-cash- 116/ <https://www.rt.com/business/bitcoin-jpmorgan-internet-cash-116/>

Consider that nothing you do online is really anonymous (If your a person of interest, you will be found).

On 30 December 2017 at 09:46, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Thanks Dan, when I asked for what to lookout for I meant other innovations out there not in the lines of cryptocurrency. My take is AI for instance but how to monetize it.

./TheMburu

On Sat, Dec 30, 2017 at 5:18 AM, Dan Wanjohi <nadwanjohi@gmail.com> wrote:

The best online would be an offline one; most cryptos allow you to put your wallet on paper.

If you missed bitcoin you could try your luck on altcoins; Verge, ripple, ethereum. Ripple was at 0.2 in Dec and now at 2 and is touted to hit 20 once listed on coinbase.

Caveat; As with any investment; be prepared to lose everything!

On Fri, 29 Dec 2017 at 8:26 pm, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Good this came up. Two questions:

1. What wallet software do you guys use and which is best suited for Kenya.

2. Now that some of use missed on the early adoption of Bitcoins. What should I/We be on the lookout for?

./TheMburu

On Sat, Dec 23, 2017 at 3:33 PM, Kevin Kamonye via skunkworks < skunkworks@lists.my.co.ke> wrote:

Most welcome. And that is a very cool video that illustrates it perfectly. Thanks!

Regards,

Kevin

On 23 December 2017 at 15:26, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

Hey Kevin,

Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch? v=-P28LKWTzrI <https://www.youtube.com/watch?v=-P28LKWTzrI>

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely.

But we all know how some people are wired to just want to overcome limitations and restrictions :-)

We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU.

And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight.

In case someone is really keen to understand why, see the below analogy that explains it well enough.

CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores - typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes...

​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​

Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing.

Regards,

Kevin

On 23 December 2017 at 13:41, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

Hi Kevin,

Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.

See the comparisons of the current top bench-marked CPUs and GPUs.

[image: Inline images 1]

[image: Inline images 2]

[image: Inline images 3]

Regards,

Kevin

On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks < skunkworks@lists.my.co.ke> wrote:

Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

Interesting conversation.

If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.

Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition?

Regards

On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Probably try mining monero

On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Found this thread and wondering if anyone had bought or mined some and how many anipee :)

./TheMburu

On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote:

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/ MtGox/posts/455962117821534 <https://www.facebook.com/MtGox/posts/455962117821534>

Original source: http://mashable.com/20 13/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos- attack/ <http://mashable.com/2013/04/11/bitcoin-was-the-victim-of-its-own-success-not-ddos-attack/>

Martin.

On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote:

Hi Dennis,

On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote:

DDOS attack has been ruled out as cause of drop of value.

Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.

I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.

This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitc oin-is-a-disruptive-technology / <http://www.forbes.com/sites/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/>

Martin.

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Plse give link to Nurucoin  Not heard of it.   However, the coin (asset) is always an integral part of a larger ecosystem (problem being solved).  So It would be nice to see what ecosystem (participants, validators, transactions, etc) that Nuru coin plans to operationalize. walu. On Friday, January 5, 2018, 10:06:37 AM GMT+3, TheMburu George <themburu@gmail.com> wrote: Now there is nurucoin which is Kenyan, whats your take? They saying aim is for it to be an African currency, ./TheMburu On Fri, Jan 5, 2018 at 8:30 AM, Walubengo J via skunkworks <skunkworks@lists.my.co.ke> wrote: You guys are a developer network. No? You should be discussing how to create and float your own crypto-asset.  In other words, the next blockchain app with local uptake.  You could start here https://www.bigchaindb. com/partners/ipdb/ Ama namna gani? walu. Nb: Ofcourse you can also chose to focus on the buying and selling but that's like 0.01% of the opportunity. And it only makes 0.01% of us billionaires as the rest of us remain speculators. On Thursday, January 4, 2018, 9:37:43 PM GMT+3, Emmanuel via skunkworks <skunkworks@lists.my.co.ke> wrote: i read a monkey business . i can share On Jan 4, 2018 9:30 PM, "Jeremiah Ngure via skunkworks" <skunkworks@lists.my.co.ke> wrote: Unfortunately the exchanges with the most TRON coins   and the ones you can transfer cash into with your visa card have closed  new registration .  You could try your luck though https://coinmarketcap.com/ currencies/tron/#markets Regards Jeremiah  Ngure Telenet Solutions Ltd +254721840146  On Thu, Jan 4, 2018 at 8:52 PM, Mike via skunkworks <skunkworks@lists.my.co.ke> wrote: Hey Can I ask how you buy TRON. Want to buy some. Mike   From: Amarjit Labhuram via skunkworks [mailto:skunkworks@lists.my.co .ke] Sent: 04 January 2018 17:00 To: Skunkworks Mailing List <skunkworks@lists.my.co.ke> Cc: Amarjit Labhuram <amarjit.labhuram@gmail.com> Subject: Re: [Skunkworks] Bitcoins   Hahahaha. Everyone is skeptical of high risk high returns trading though all the info is out there about crypto and I guess with an educated human population who have access to this information one would expect less skepticism. Personally jumped on to TRON today which has been showing a good growth rate and its purpose being built for the entertainment sector of which I am in as well so know the value it will bring. Ripple has been my biggest cash cow so far on the trading side while Monero mining is still going strong. I got faith! Have a great day! Warm regards, Amarjit Singh Labhuram.     On Thu, Jan 4, 2018 at 4:45 PM, Okechukwu via skunkworks <skunkworks@lists.my.co.ke> wrote: I'm shocked that people who have IT knowledge and can read more about bitcoin call it a scam, SMH!   ./Ok3ch   On Wed, Jan 3, 2018 at 1:55 PM, Job Muriuki via skunkworks <skunkworks@lists.my.co.ke> wrote: Currently, Bitcoin is not operating as per design. Ask someone who has no idea of blockchain what bitcoin is and they will call it a stock. Sent with Mailtrack Regards, Job Muriuki, Skype: heviejob   On Wed, Jan 3, 2018 at 12:50 PM, Walubengo J via skunkworks <skunkworks@lists.my.co.ke> wrote: the science behind bitcoin/cryptocurrencies/crypt oassets/etc is REAL and not a scam.   but just like the internet is real, there are those who ride the internet with evil intentions...that shouldn't make the internet a big scam ;-).   for long term benefits, focus on the science (Blockchain) behind bitcoin rather than the get-rich-schemes.   walu.   On Wednesday, January 3, 2018, 2:36:12 AM GMT+3, James Njoroge via skunkworks <skunkworks@lists.my.co.ke> wrote:    

From the research I've done bit coin and other crypto currencies are a big pyramid scheme. What confirmed this is when I saw big banks taking up the crypto-currnecy concept.I feel like bit coin and the rest are just an experiment for what is to come. My advise get in and get out. Use a hardware wallet by all means. http://www.telegraph.co.uk/tec hnology/news/10510933/JPMorgan -files-patent-for-bitcoin- killer-currency.html https://www.rt.com/business/bi tcoin-jpmorgan-internet-cash- 116/

Consider that nothing you do online is really anonymous (If your a person of interest, you will be found).   On 30 December 2017 at 09:46, TheMburu George via skunkworks <skunkworks@lists.my.co.ke> wrote: Thanks Dan, when I asked for what to lookout for I meant other innovations out there not in the lines of cryptocurrency. My take is AI for instance but how to monetize it.   ./TheMburu   On Sat, Dec 30, 2017 at 5:18 AM, Dan Wanjohi <nadwanjohi@gmail.com> wrote: The best online would be an offline one; most cryptos allow you to put your wallet on paper.   If you missed bitcoin you could try your luck on altcoins; Verge, ripple, ethereum. Ripple was at 0.2 in Dec and now at 2 and is touted to hit 20 once listed on coinbase.    Caveat; As with any investment; be prepared to lose everything!   On Fri, 29 Dec 2017 at 8:26 pm, TheMburu George via skunkworks <skunkworks@lists.my.co.ke> wrote: Good this came up. Two questions:   1. What wallet software do you guys use and which is best suited for Kenya.    2. Now that some of use missed on the early adoption of Bitcoins. What should I/We be on the lookout for?   ./TheMburu       On Sat, Dec 23, 2017 at 3:33 PM, Kevin Kamonye via skunkworks <skunkworks@lists.my.co.ke> wrote: Most welcome. And that is a very cool video that illustrates it perfectly. Thanks! Regards,   Kevin   On 23 December 2017 at 15:26, Amarjit Labhuram <amarjit.labhuram@gmail.com> wrote: Hey Kevin, Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch? v=-P28LKWTzrI Have a great day! Warm regards, Amarjit Singh Labhuram.     On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote: Hi Amarjit,   That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely.   But we all know how some people are wired to just want to overcome limitations and restrictions :-)   We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU.   And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight.   In case someone is really keen to understand why, see the below analogy that explains it well enough.    CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores - typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes... ​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​   Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing.   Regards,   Kevin   On 23 December 2017 at 13:41, Amarjit Labhuram <amarjit.labhuram@gmail.com> wrote: Hi Kevin, Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing. Have a great day! Warm regards, Amarjit Singh Labhuram.     On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote: Hi Amarjit,   Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.   See the comparisons of the current top bench-marked CPUs and GPUs.       Regards,   Kevin   On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks <skunkworks@lists.my.co.ke> wrote: Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup. Have a great day! Warm regards, Amarjit Singh Labhuram.     On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks <skunkworks@lists.my.co.ke> wrote: Interesting conversation.   If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.    Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition? Regards   On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" <skunkworks@lists.my.co.ke> wrote: Probably try mining monero   On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" <skunkworks@lists.my.co.ke> wrote: Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha! Have a great day! Warm regards, Amarjit Singh Labhuram.     On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks <skunkworks@lists.my.co.ke> wrote: Found this thread and wondering if anyone had bought or mined some and how many anipee :)   ./TheMburu   On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote: It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/ MtGox/posts/455962117821534    Original source: http://mashable.com/20 13/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos- attack/   Martin.   On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote: Hi Dennis,    On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote: DDOS attack has been ruled out as cause of drop of value. Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.   I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.    This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitc oin-is-a-disruptive-technology /    Martin.  ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://orion.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke     ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://orion.my.co.ke/cgi-bin/ 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info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke   -- Conservatism is the adherence to the old tried against the new untried. ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopi c.php?f=24&t=94 ------------ Other services @ http://my.co.ke -- Sent from Gmail Mobile   -- Conservatism is the adherence to the old tried against the new untried. ______________________________ _________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/ mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/ viewtopic.php?f=24&t=94 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TEAM is an important component of any ICO. They should consider adding that to the nurucoin.com website On Jan 5, 2018 11:29 AM, "TheMburu George via skunkworks" < skunkworks@lists.my.co.ke> wrote:

https://www.nurucoin.com/

On Fri, Jan 5, 2018 at 11:08 AM, Walubengo J <jwalu@yahoo.com> wrote:

...

Plse give link to Nurucoin Not heard of it.

However, the coin (asset) is always an integral part of a larger ecosystem (problem being solved). So It would be nice to see what ecosystem (participants, validators, transactions, etc) that Nuru coin plans to operationalize.

walu.

On Friday, January 5, 2018, 10:06:37 AM GMT+3, TheMburu George < themburu@gmail.com> wrote:

Now there is nurucoin which is Kenyan, whats your take? They saying aim is for it to be an African currency,

./TheMburu

On Fri, Jan 5, 2018 at 8:30 AM, Walubengo J via skunkworks < skunkworks@lists.my.co.ke> wrote:

You guys are a developer network. No?

You should be discussing how to create and float your own crypto-asset. In other words, the next blockchain app with local uptake. You could start here https://www.bigchaindb. com/partners/ipdb/ <https://www.bigchaindb.com/partners/ipdb/>

Ama namna gani?

walu.

Nb: Ofcourse you can also chose to focus on the buying and selling but that's like 0.01% of the opportunity. And it only makes 0.01% of us billionaires as the rest of us remain speculators.

On Thursday, January 4, 2018, 9:37:43 PM GMT+3, Emmanuel via skunkworks < skunkworks@lists.my.co.ke> wrote:

i read a monkey business . i can share

On Jan 4, 2018 9:30 PM, "Jeremiah Ngure via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Unfortunately the exchanges with the most TRON coins and the ones you can transfer cash into with your visa card have closed new registration . You could try your luck though

https://coinmarketcap.com/ currencies/tron/#markets <https://coinmarketcap.com/currencies/tron/#markets>

Regards

Jeremiah Ngure Telenet Solutions Ltd +254721840146

On Thu, Jan 4, 2018 at 8:52 PM, Mike via skunkworks < skunkworks@lists.my.co.ke> wrote:

Hey

Can I ask how you buy TRON. Want to buy some.

Mike

*From:* Amarjit Labhuram via skunkworks [mailto:skunkworks@lists.my.co .ke <skunkworks@lists.my.co.ke>] *Sent:* 04 January 2018 17:00 *To:* Skunkworks Mailing List <skunkworks@lists.my.co.ke> *Cc:* Amarjit Labhuram <amarjit.labhuram@gmail.com> *Subject:* Re: [Skunkworks] Bitcoins

Hahahaha. Everyone is skeptical of high risk high returns trading though all the info is out there about crypto and I guess with an educated human population who have access to this information one would expect less skepticism. Personally jumped on to TRON today which has been showing a good growth rate and its purpose being built for the entertainment sector of which I am in as well so know the value it will bring. Ripple has been my biggest cash cow so far on the trading side while Monero mining is still going strong. I got faith!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Thu, Jan 4, 2018 at 4:45 PM, Okechukwu via skunkworks < skunkworks@lists.my.co.ke> wrote:

I'm shocked that people who have IT knowledge and can read more about bitcoin call it a scam, SMH!

./Ok3ch

On Wed, Jan 3, 2018 at 1:55 PM, Job Muriuki via skunkworks < skunkworks@lists.my.co.ke> wrote:

Currently, Bitcoin is not operating as per design. Ask someone who has no idea of blockchain what bitcoin is and they will call it a stock.

<https://mailtrack.io/>Sent with Mailtrack <https://chrome.google.com/webstore/detail/mailtrack-for-gmail-inbox/ndnaehgpjlnokgebbaldlmgkapkpjkkb?utm_source=gmail&utm_medium=signature&utm_campaign=signaturevirality>

Regards, Job Muriuki,

Skype: heviejob

On Wed, Jan 3, 2018 at 12:50 PM, Walubengo J via skunkworks < skunkworks@lists.my.co.ke> wrote:

the science behind bitcoin/cryptocurrencies/crypt oassets/etc is REAL and not a scam.

but just like the internet is real, there are those who ride the internet with evil intentions...that shouldn't make the internet a big scam ;-).

for long term benefits, focus on the science (Blockchain) behind bitcoin rather than the get-rich-schemes.

walu.

On Wednesday, January 3, 2018, 2:36:12 AM GMT+3, James Njoroge via skunkworks <skunkworks@lists.my.co.ke> wrote:

From the research I've done bit coin and other crypto currencies are a big pyramid scheme. What confirmed this is when I saw big banks taking up the crypto-currnecy concept.I feel like bit coin and the rest are just an experiment for what is to come. My advise get in and get out. Use a hardware wallet by all means. http://www.telegraph.co.uk/tec hnology/news/10510933/JPMorgan -files-patent-for-bitcoin- killer-currency.html <http://www.telegraph.co.uk/technology/news/10510933/JPMorgan-files-patent-for-bitcoin-killer-currency.html> https://www.rt.com/business/bi tcoin-jpmorgan-internet-cash- 116/ <https://www.rt.com/business/bitcoin-jpmorgan-internet-cash-116/>

Consider that nothing you do online is really anonymous (If your a person of interest, you will be found).

On 30 December 2017 at 09:46, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Thanks Dan, when I asked for what to lookout for I meant other innovations out there not in the lines of cryptocurrency. My take is AI for instance but how to monetize it.

./TheMburu

On Sat, Dec 30, 2017 at 5:18 AM, Dan Wanjohi <nadwanjohi@gmail.com> wrote:

The best online would be an offline one; most cryptos allow you to put your wallet on paper.

If you missed bitcoin you could try your luck on altcoins; Verge, ripple, ethereum. Ripple was at 0.2 in Dec and now at 2 and is touted to hit 20 once listed on coinbase.

Caveat; As with any investment; be prepared to lose everything!

On Fri, 29 Dec 2017 at 8:26 pm, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Good this came up. Two questions:

1. What wallet software do you guys use and which is best suited for Kenya.

2. Now that some of use missed on the early adoption of Bitcoins. What should I/We be on the lookout for?

./TheMburu

On Sat, Dec 23, 2017 at 3:33 PM, Kevin Kamonye via skunkworks < skunkworks@lists.my.co.ke> wrote:

Most welcome. And that is a very cool video that illustrates it perfectly. Thanks!

Regards,

Kevin

On 23 December 2017 at 15:26, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

Hey Kevin,

Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch? v=-P28LKWTzrI <https://www.youtube.com/watch?v=-P28LKWTzrI>

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely.

But we all know how some people are wired to just want to overcome limitations and restrictions :-)

We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU.

And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight.

In case someone is really keen to understand why, see the below analogy that explains it well enough.

CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores - typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes...

​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​

Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing.

Regards,

Kevin

On 23 December 2017 at 13:41, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

Hi Kevin,

Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.

See the comparisons of the current top bench-marked CPUs and GPUs.

[image: Inline images 1]

[image: Inline images 2]

[image: Inline images 3]

Regards,

Kevin

On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks < skunkworks@lists.my.co.ke> wrote:

Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

Interesting conversation.

If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.

Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition?

Regards

On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Probably try mining monero

On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Found this thread and wondering if anyone had bought or mined some and how many anipee :)

./TheMburu

On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote:

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/ MtGox/posts/455962117821534 <https://www.facebook.com/MtGox/posts/455962117821534>

Original source: http://mashable.com/20 13/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos- attack/ <http://mashable.com/2013/04/11/bitcoin-was-the-victim-of-its-own-success-not-ddos-attack/>

Martin.

On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri <martin.chiteri@gmail.com> wrote:

Hi Dennis,

On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote:

DDOS attack has been ruled out as cause of drop of value.

Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.

I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.

This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitc oin-is-a-disruptive-technology / <http://www.forbes.com/sites/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/>

Martin.

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Chiming in: My only issue with these currencies is that people are not really "using" them for their intended purpose: To trade, buy and sell goods and services for crypto. People are just buying them, holding them and waiting to get rich when they sell. Basically hoarding. It's like buying dollars or euros then just sitting on it. Or loading mpesa wallets with cash then just keeping it. Would be good to see people exchanging crypto for tangible goods and services. On 5 January 2018 at 19:06, Dan Wanjohi via skunkworks < skunkworks@lists.my.co.ke> wrote:

Not that I wouldn't want to support local. Am very much for it. But isn't this the same Nuru associated with a land/real estate company that has been have "issues".

Caveat; what i have on it is hearsay, would love to hear someone come and clear the air on who is behind it and also give more insights on the need its meant to address just like Ripple was meant for faster transactions, Verge for privacy and IOTA was to address the needs of IOT.

Regards.

On Fri, Jan 5, 2018 at 7:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

TEAM is an important component of any ICO. They should consider adding that to the nurucoin.com website

On Jan 5, 2018 11:29 AM, "TheMburu George via skunkworks" < skunkworks@lists.my.co.ke> wrote:

...

https://www.nurucoin.com/

On Fri, Jan 5, 2018 at 11:08 AM, Walubengo J <jwalu@yahoo.com> wrote:

...

Plse give link to Nurucoin Not heard of it.

However, the coin (asset) is always an integral part of a larger ecosystem (problem being solved). So It would be nice to see what ecosystem (participants, validators, transactions, etc) that Nuru coin plans to operationalize.

walu.

On Friday, January 5, 2018, 10:06:37 AM GMT+3, TheMburu George < themburu@gmail.com> wrote:

Now there is nurucoin which is Kenyan, whats your take? They saying aim is for it to be an African currency,

./TheMburu

On Fri, Jan 5, 2018 at 8:30 AM, Walubengo J via skunkworks < skunkworks@lists.my.co.ke> wrote:

You guys are a developer network. No?

You should be discussing how to create and float your own crypto-asset. In other words, the next blockchain app with local uptake. You could start here https://www.bigchaindb. com/partners/ipdb/ <https://www.bigchaindb.com/partners/ipdb/>

Ama namna gani?

walu.

Nb: Ofcourse you can also chose to focus on the buying and selling but that's like 0.01% of the opportunity. And it only makes 0.01% of us billionaires as the rest of us remain speculators.

On Thursday, January 4, 2018, 9:37:43 PM GMT+3, Emmanuel via skunkworks <skunkworks@lists.my.co.ke> wrote:

i read a monkey business . i can share

On Jan 4, 2018 9:30 PM, "Jeremiah Ngure via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Unfortunately the exchanges with the most TRON coins and the ones you can transfer cash into with your visa card have closed new registration . You could try your luck though

https://coinmarketcap.com/ currencies/tron/#markets <https://coinmarketcap.com/currencies/tron/#markets>

Regards

Jeremiah Ngure Telenet Solutions Ltd +254721840146

On Thu, Jan 4, 2018 at 8:52 PM, Mike via skunkworks < skunkworks@lists.my.co.ke> wrote:

Hey

Can I ask how you buy TRON. Want to buy some.

Mike

*From:* Amarjit Labhuram via skunkworks [mailto:skunkworks@lists.my.co .ke <skunkworks@lists.my.co.ke>] *Sent:* 04 January 2018 17:00 *To:* Skunkworks Mailing List <skunkworks@lists.my.co.ke> *Cc:* Amarjit Labhuram <amarjit.labhuram@gmail.com> *Subject:* Re: [Skunkworks] Bitcoins

Hahahaha. Everyone is skeptical of high risk high returns trading though all the info is out there about crypto and I guess with an educated human population who have access to this information one would expect less skepticism. Personally jumped on to TRON today which has been showing a good growth rate and its purpose being built for the entertainment sector of which I am in as well so know the value it will bring. Ripple has been my biggest cash cow so far on the trading side while Monero mining is still going strong. I got faith!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Thu, Jan 4, 2018 at 4:45 PM, Okechukwu via skunkworks < skunkworks@lists.my.co.ke> wrote:

I'm shocked that people who have IT knowledge and can read more about bitcoin call it a scam, SMH!

./Ok3ch

On Wed, Jan 3, 2018 at 1:55 PM, Job Muriuki via skunkworks < skunkworks@lists.my.co.ke> wrote:

Currently, Bitcoin is not operating as per design. Ask someone who has no idea of blockchain what bitcoin is and they will call it a stock.

<https://mailtrack.io/>Sent with Mailtrack <https://chrome.google.com/webstore/detail/mailtrack-for-gmail-inbox/ndnaehgpjlnokgebbaldlmgkapkpjkkb?utm_source=gmail&utm_medium=signature&utm_campaign=signaturevirality>

Regards, Job Muriuki,

Skype: heviejob

On Wed, Jan 3, 2018 at 12:50 PM, Walubengo J via skunkworks < skunkworks@lists.my.co.ke> wrote:

the science behind bitcoin/cryptocurrencies/crypt oassets/etc is REAL and not a scam.

but just like the internet is real, there are those who ride the internet with evil intentions...that shouldn't make the internet a big scam ;-).

for long term benefits, focus on the science (Blockchain) behind bitcoin rather than the get-rich-schemes.

walu.

On Wednesday, January 3, 2018, 2:36:12 AM GMT+3, James Njoroge via skunkworks <skunkworks@lists.my.co.ke> wrote:

From the research I've done bit coin and other crypto currencies are a big pyramid scheme. What confirmed this is when I saw big banks taking up the crypto-currnecy concept.I feel like bit coin and the rest are just an experiment for what is to come. My advise get in and get out. Use a hardware wallet by all means. http://www.telegraph.co.uk/tec hnology/news/10510933/JPMorgan -files-patent-for-bitcoin- killer-currency.html <http://www.telegraph.co.uk/technology/news/10510933/JPMorgan-files-patent-for-bitcoin-killer-currency.html> https://www.rt.com/business/bi tcoin-jpmorgan-internet-cash- 116/ <https://www.rt.com/business/bitcoin-jpmorgan-internet-cash-116/>

Consider that nothing you do online is really anonymous (If your a person of interest, you will be found).

On 30 December 2017 at 09:46, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Thanks Dan, when I asked for what to lookout for I meant other innovations out there not in the lines of cryptocurrency. My take is AI for instance but how to monetize it.

./TheMburu

On Sat, Dec 30, 2017 at 5:18 AM, Dan Wanjohi <nadwanjohi@gmail.com> wrote:

The best online would be an offline one; most cryptos allow you to put your wallet on paper.

If you missed bitcoin you could try your luck on altcoins; Verge, ripple, ethereum. Ripple was at 0.2 in Dec and now at 2 and is touted to hit 20 once listed on coinbase.

Caveat; As with any investment; be prepared to lose everything!

On Fri, 29 Dec 2017 at 8:26 pm, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Good this came up. Two questions:

1. What wallet software do you guys use and which is best suited for Kenya.

2. Now that some of use missed on the early adoption of Bitcoins. What should I/We be on the lookout for?

./TheMburu

On Sat, Dec 23, 2017 at 3:33 PM, Kevin Kamonye via skunkworks < skunkworks@lists.my.co.ke> wrote:

Most welcome. And that is a very cool video that illustrates it perfectly. Thanks!

Regards,

Kevin

On 23 December 2017 at 15:26, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

Hey Kevin,

Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch? v=-P28LKWTzrI <https://www.youtube.com/watch?v=-P28LKWTzrI>

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely.

But we all know how some people are wired to just want to overcome limitations and restrictions :-)

We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU.

And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight.

In case someone is really keen to understand why, see the below analogy that explains it well enough.

CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores - typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes...

​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​

Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing.

Regards,

Kevin

On 23 December 2017 at 13:41, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

Hi Kevin,

Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.

See the comparisons of the current top bench-marked CPUs and GPUs.

[image: Inline images 1]

[image: Inline images 2]

[image: Inline images 3]

Regards,

Kevin

On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks < skunkworks@lists.my.co.ke> wrote:

Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

Interesting conversation.

If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.

Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition?

Regards

On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Probably try mining monero

On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Found this thread and wondering if anyone had bought or mined some and how many anipee :)

./TheMburu

On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/ MtGox/posts/455962117821534 <https://www.facebook.com/MtGox/posts/455962117821534>

Original source: http://mashable.com/20 13/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos- attack/ <http://mashable.com/2013/04/11/bitcoin-was-the-victim-of-its-own-success-not-ddos-attack/>

Martin.

On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

Hi Dennis,

On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote:

DDOS attack has been ruled out as cause of drop of value.

Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.

I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.

This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitc oin-is-a-disruptive-technology / <http://www.forbes.com/sites/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/>

Martin.

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-- Conservatism is the adherence to the old tried against the new untried.

-- Conservatism is the adherence to the old tried against the new untried.

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For those who think blockchain techology is a scam, I suggest you start here; https://blockgeeks.com/guides/what-is-blockchain-technology/ probably we can have a more informed discussion. Regards, Denis On Thu, Jan 4, 2018 at 4:45 PM, Okechukwu via skunkworks < skunkworks@lists.my.co.ke> wrote:

I'm shocked that people who have IT knowledge and can read more about bitcoin call it a scam, SMH!

./Ok3ch

On Wed, Jan 3, 2018 at 1:55 PM, Job Muriuki via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

Currently, Bitcoin is not operating as per design. Ask someone who has no idea of blockchain what bitcoin is and they will call it a stock.

<https://mailtrack.io/> Sent with Mailtrack <https://chrome.google.com/webstore/detail/mailtrack-for-gmail-inbox/ndnaehgpjlnokgebbaldlmgkapkpjkkb?utm_source=gmail&utm_medium=signature&utm_campaign=signaturevirality>

Regards, Job Muriuki,

Skype: heviejob

On Wed, Jan 3, 2018 at 12:50 PM, Walubengo J via skunkworks < skunkworks@lists.my.co.ke> wrote:

...

the science behind bitcoin/cryptocurrencies/cryptoassets/etc is REAL and not a scam.

but just like the internet is real, there are those who ride the internet with evil intentions...that shouldn't make the internet a big scam ;-).

for long term benefits, focus on the science (Blockchain) behind bitcoin rather than the get-rich-schemes.

walu.

On Wednesday, January 3, 2018, 2:36:12 AM GMT+3, James Njoroge via skunkworks <skunkworks@lists.my.co.ke> wrote:

From the research I've done bit coin and other crypto currencies are a big pyramid scheme. What confirmed this is when I saw big banks taking up the crypto-currnecy concept.I feel like bit coin and the rest are just an experiment for what is to come. My advise get in and get out. Use a hardware wallet by all means. http://www.telegraph.co.uk/technology/news/10510933/JPMorgan -files-patent-for-bitcoin-killer-currency.html https://www.rt.com/business/bitcoin-jpmorgan-internet-cash-116/

Consider that nothing you do online is really anonymous (If your a person of interest, you will be found).

On 30 December 2017 at 09:46, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Thanks Dan, when I asked for what to lookout for I meant other innovations out there not in the lines of cryptocurrency. My take is AI for instance but how to monetize it.

./TheMburu

On Sat, Dec 30, 2017 at 5:18 AM, Dan Wanjohi <nadwanjohi@gmail.com> wrote:

The best online would be an offline one; most cryptos allow you to put your wallet on paper.

If you missed bitcoin you could try your luck on altcoins; Verge, ripple, ethereum. Ripple was at 0.2 in Dec and now at 2 and is touted to hit 20 once listed on coinbase.

Caveat; As with any investment; be prepared to lose everything!

On Fri, 29 Dec 2017 at 8:26 pm, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Good this came up. Two questions:

1. What wallet software do you guys use and which is best suited for Kenya.

2. Now that some of use missed on the early adoption of Bitcoins. What should I/We be on the lookout for?

./TheMburu

On Sat, Dec 23, 2017 at 3:33 PM, Kevin Kamonye via skunkworks < skunkworks@lists.my.co.ke> wrote:

Most welcome. And that is a very cool video that illustrates it perfectly. Thanks!

Regards,

Kevin

On 23 December 2017 at 15:26, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

Hey Kevin,

Love the way you have gone a little deeper to explain the CPU GPU hashing conundrum. This helped understand the whole CPU vs GPU saga: https://www.youtube.com/watch? v=-P28LKWTzrI <https://www.youtube.com/watch?v=-P28LKWTzrI>

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Sat, Dec 23, 2017 at 2:34 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

That is true about Monero being designed to give better hash rates on CPUs than GPUs. In fact it was designed to be resistant to GPUs completely.

But we all know how some people are wired to just want to overcome limitations and restrictions :-)

We now have GPU mining apps that have been released and are being improved upon everyday- right now there are those that even do all in one mining for CPU & GPU.

And though I do not want to get too deep into the tech details, the fact is that GPUs will always perform much better in proof-of-work algorithms such as Monero's cryptonight.

In case someone is really keen to understand why, see the below analogy that explains it well enough.

CPUs are in the range of 2-16 cores, while GPUs are 2000-3000 cores - typically speaking. Now imagine each CPU core being like a super strong and heavy fighter and each GPU core being a small but nimble kid. Hashing algorithms are like picking up berries from the ground; thousands of kids are much better at it than a few strong dudes...

​The incentive to do this is that setting up a GPU rig for mining is always cheaper because you can slot in several bad boys into one rig as compared to CPUs. It can also be practical to run depending on your power costs.​

Last thing, and I am getting into all this so that we can always value facts, CPUs are cheap yes but not the CPUs that need to handle algos such as cryptonight. There is a huge memory requirement (2MB cachemem per core) and such CPUs are not cheap. Otherwise you would have 16 cores but with 12MB mem meaning that you can only use 12/2 = 6 cores for hashing.

Regards,

Kevin

On 23 December 2017 at 13:41, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:

Hi Kevin,

Actually the Hash rates for mining Monero on a GPU are lower than mining say another crypto like Ethereum or Lite Coin on the same rig. Monero is designed to give better hash rates on CPU than GPU. That was my two cents that I was sharing.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 5:29 PM, Kevin Kamonye <kevin.kamonye@gmail.com> wrote:

Hi Amarjit,

Actually GPUs can pump out a higher hash rate. But the total power draw is high and of course most are out of stock everywhere. That is unless you buy a used one of which you cannot be sure of its condition.

See the comparisons of the current top bench-marked CPUs and GPUs.

[image: Inline images 1]

[image: Inline images 2] [image: Inline images 3]

Regards,

Kevin

On 22 December 2017 at 17:08, Amarjit Labhuram via skunkworks < skunkworks@lists.my.co.ke> wrote:

Based on Jamo's response on Monero and being a Monero miner myself its the current Hash rates are easier to achieve than other mineable cryptos that are heavily trading and on the rise price wise. Also its more CPU reliant than GPU so rigs or less expensive to setup.

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 3:50 PM, Mwendwa Kivuva via skunkworks < skunkworks@lists.my.co.ke> wrote:

Interesting conversation.

If we stay out of the production side of crypto, we will find ourselves where we were in 1991 when the entire would had embraced the internet, and Africa was lagging behind.

Josiah, how have you identified Monero as appropriate to mine? Uses less power, cheaper equipments, less competition? Regards

On Dec 22, 2017 1:40 PM, "Josiah Mugambi via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Probably try mining monero

On Dec 22, 2017 1:26 PM, "Amarjit Labhuram via skunkworks" < skunkworks@lists.my.co.ke> wrote:

Hahaha....mining Bitcoins at the moment is a serious hardware investment and with our power rates its quite expensive. Whoever mined then is able to sponsor my Governor aspiration campaign ya 2022 if they cash out now...hahaha!

Have a great day!

Warm regards, Amarjit Singh Labhuram.

On Fri, Dec 22, 2017 at 12:51 PM, TheMburu George via skunkworks < skunkworks@lists.my.co.ke> wrote:

Found this thread and wondering if anyone had bought or mined some and how many anipee :)

./TheMburu

On Thu, Apr 11, 2013 at 2:33 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

It also seems that Bitcoins were a victim of their own success more than anything else https://www.facebook.com/ MtGox/posts/455962117821534 <https://www.facebook.com/MtGox/posts/455962117821534>

Original source: http://mashable.com/20 13/04/11/bitcoin-was-the-victi m-of-its-own-success-not-ddos- attack/ <http://mashable.com/2013/04/11/bitcoin-was-the-victim-of-its-own-success-not-ddos-attack/>

Martin.

On Thu, Apr 11, 2013 at 2:06 PM, Martin Chiteri < martin.chiteri@gmail.com> wrote:

Hi Dennis,

On Thu, Apr 11, 2013 at 2:00 PM, Dennis Kioko <dmbuvi@gmail.com> wrote:

DDOS attack has been ruled out as cause of drop of value.

Personally, keeping away from Bitcoin as I really do not understand some of its aspects, especially control and banking.

I think one of the major attractions of Bitcoins is the element of no centralized control (by the government and central bank / federal reserve) which appears to be one of the major weaknesses affecting the monetary system.

This article explains it quite well: http://www.forbes.com/si tes/timothylee/2013/04/09/bitc oin-is-a-disruptive-technology / <http://www.forbes.com/sites/timothylee/2013/04/09/bitcoin-is-a-disruptive-technology/>

Martin.

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