Oct 26, · ViaBTC’s transaction accelerator is a FREE service for the Bitcoin community to accelerate the BTC transactions. It also runs paid services for accelerating Bitcoin transactions in case of emergencies, experiments or genuine low fee problems. There . Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to . Nov 15, · In addition, Plug and Play Tech Center intends to invest in five more Bitcoin startups outside of the accelerator program. It will invest in two or three before the end of , Amidi says.
Reddit bitcoin acceleratorIntroducing Accelerator: A Crypto Token Backed by Physical Mining Facility
For the first year, there will be a percent increase in ACC, leading to a max total supply of 1 million at the end of this period. In the second year, there will be a percent ACC increase, leading to a max supply of 2 million. The third year, the ACC increase reduces to 50 percent for a max total supply of 3. Then, between the fourth and 16th years, the ACC supply increase is 10 percent each year, leading to a maximum total supply of 10 million.
However, the maximum supply can only be reached in a theoretical scenario whereby every ACC holder stakes their supply without ever transferring tokens away until At the moment, it mines Ethereum, Monero and Bitcoin Gold. Coins are added on a regular basis and additions to the roster are decided by the community and profitability.
In addition to mining however, the Accelerator Network use-cases will be expanded to support a range of other tasks, such as advanced mathematics, artificial intelligence, off-chain transactions, and scientific modelling. At the time of this writing, five teraflops are priced at 0. While keeping small fluctuations in mind, Accelerator also offers estimates for how much you will earn mining various cryptocurrencies depending on the number of teraflops you use.
A full 50 percent of the tokens earned go toward growth, such as building space, land, servers, and hardware. Thirty percent goes to labor costs and daily expenses, including mortgages, utilities, power, and unforeseen expenses. The airdrop of tokens for Accelerator finished in late October , and the prototype of the Accelerator Network supercomputer is live.
The project is now in phase two, which began in Q4 of and lasts until Q3 of During this time, the datacenter for the Accelerator Network will increase to 30 times its size. This will reduce the pricing per hour for teraflop usage and eliminate the compute order limitations.
Finally, delivery is estimated for Q4 of This is when the half-megawatt facility will be finished. At this point, the token holders will take a vote to see whether they want to stop growth, which will reduce the compute pricing, or prefer to build another bigger facility.
Using Accelerator is incredibly simple, just as the team designed it to be. Start by setting up an Ethereum wallet and loading in the ACC tokens you buy on an exchange. After three days, you can start using your ACC tokens to mine for more. Because of proof-of-stake mining, you are rewarded just for holding the tokens, although you do need to follow a simple procedure to mine them.
Those unfamiliar with mining, getting a wallet, or any other aspect of the process will find step-by-step instructions in the Accelerator user guide. For those who want to be able to create residual income and mine cryptocurrencies with minimal to no effort, Accelerator is an excellent platform. At the moment, the mining functionality is useful, although somewhat limited. As the Accelerator Network grows, however, the platform should become even more useful, allowing token holders to earn money with mining regardless of their hardware.
The instructions and tools are also very well laid out for those with limited blockchain or mining experience, allowing Accelerator to meet the goal of helping more people enter the cryptocurrency world. The additional planned services offered by the Accelerator Network will benefit all types of industries, as nearly any company can benefit from off-chain transactions, artificial intelligence, and similar services.
On the other hand, you need to include a fee of 0. As the congestion of the bitcoin network and low service fee often lead to the delay of transaction confirmation one can always use the transaction accelerator, developed by BTC. Using BTC. Their working style is also pretty much standard where they push your transactions to multiple pools they are partnered with, and even if you pay 0.
The refund policy is straightforward as they do not offer refunds and all sales are final. Plus all transactions will be confirmed within 72 hours, but in most cases, they are confirmed within 12 hours. But if your stuck transaction is not confirmed within 72 hours, they will credit you with a free future acceleration. Lastly, they also prioritize based on the amount of extra fee you pay for acceleration. For example, if your btc tx has 0 or 0.
Using this service you can accelerate your bitcoin transactions even if the initial transaction fee is low. This acceleration service helps in getting unconfirmed bitcoin transactions confirmed much quicker by re-broadcasting them to the network.
By re-broadcasting the BTC transactions ID its more likely to get picked up by mining pools, like the Viabtc Pool, which confirms it on the blockchain. But please understand that there is no point to rebroadcast it more frequently. Lastly, spamming will lead you to get banned from using this free service and there is no need to Sign Up or Sign In while using this service.
But I understand that not everyone can use these techniques because it requires you to have some Bitcoin literacy before being able to use these techniques successfully. This is why I landed here I want to know what does it mean to accelerate a transaction and if it is true that you can earn money doing this. What do you think about it? Yes, there is such a thing as accelerating your transaction.
It simply means to mine and confirm your transaction faster by paying a direct or interest fee to the miners. But I highly doubt there is any service which pays you to do that instead these services take money from you to accelerate your transaction if it is stuck as I have explained in the above article. Having a backup is always good option.
Written By Sudhir Khatwani. Want to know more about Bitcoin Transaction Accelerator? Well, you are in the right place!!