Even though Bitcoin will always remain as the leader in crypto currencies, Litecoin still would be great to have as well, due to the fact that it is much easier to mine than Bitcoin, and also confirmation times are much faster than its counterpart. That is why I hold Bitcoins and Litecoins, as they will be head to head and survive for years to come, because they are the oldest cryptos around. Just my opinion.  |
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It will be very difficult for a government to adopt Bitcoin as its own currency. Its reasons are obvious, including the fact that Bitcoin can't be regulated as it is decentralized, whereas with fiat, the government can regulate and impose taxes on it. Banks only interest is the blockchain technology itself, instead of Bitcoin due to the fact that they could create their own crypto currency in which they could manipulate to their own needs. Just my opinion.  |
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Any chance of making a paper wallet for Expanse? What type of command do I use to retrieve my private key from Gexp? Sorry for asking, but I'm quite not up to date with Expanse's commands. Also, if there's a guide on how to make a backup of your Expanse wallet, please let me know.  |
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I would like to buy my own island paradise with Bitcoin. Then, I would live my life freely with population being only women and I the only man. That is such a dream. If it only was ever true.... |
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Things that I like best in Bitcoin is the freedom of having control of my funds, anytime and anywhere. Other things are low fees when compared to Mastercard or Visa, and the ability to send money to anyone, anywhere without restrictions or taxes. |
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With my current BTC stash, I would just use only 75% of my Bitcoins and the rest would be used for savings and storing them safely on paper wallets for the future. I have a great feeling that the price would be double or even triple than the current price right now in the future. |
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Well, the day that Bitcoin gets printed in paper money like fiat, it would be the day that it might replace the dollar. Sometimes, I wish I could have a Bitcoin paper bill (dollar bill). I would be so great. |
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Gambling is what makes most of us greedy. I just keep betting and betting until I run out of my small stash of BTC. Oh well, at least it is worth a try. There are times where you need to control your greed in order to save money.  |
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I want to buy or invest in Silver with my Bitcoins. Is not there a chance to do such thing? I know it could be done with Gold but I would love to do so with Silver. Any ideas? |
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The way I see it, I think that Ethereum would be the most successful 2.0 currency. The fact that Microsoft and IBM has entered the Ethereum scene, this would make big changes in the crypto industry. Just my opinion. |
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Saving money could be achieved by staying out of debts, avoiding credit cards (use only debit cards), only request a loan when it is necessary (and make sure you would be able to pay it back before taking it) and by cutting down your expenses on things you don't need to spend money to. Just my opinion |
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Still waiting for new development from Expanse. The new GUI wallet and a paper wallet generator, among other features would make it very exciting. Maybe someday, Expanse would attract more investors and get the attention it deserves. |
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I also have another question, and that is what be the cheapest GPU for me to get started mining some Ether? As I'm new GPU mining (and also my budget) I would like to get started with a cheap but decent GPU to mine some Ether. Any suggestions would be greatly appreciated. You can probably start mining with any GPU or CPU that you already have. However some of the older GPUs may have problems because ethereum mining is memory hard and many older GPUs won't have enough memory. But if you're going to be buying a GPU, stick to AMD cards as they are significantly better than nVidia cards for mining. If you're looking for something cheap get an older AMD 7870 or 6970 GPU. You can probably find them used for ~$100 each. If you want to spend a little more get yourself an AMD 7950/7970 or an AMD R9 280x for better hash rates. Thanks for your recommendations regarding the cheapest GPUs I could buy. As I'm starting in this, I would buy a fair and used GPU, probably on ebay to start mining some Ether. This is so exciting. Even still, I have some difficulties setting up my Ether wallet (like knowing the right commands for sending and/or receiving Ether) but I will get the hang of it as soon as I finish this semester at college and then I would have more free time. |
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Another way to grow your Bitcoins would be to invest into it and wait until the price goes up. Then, exchange some of your Bitcoins to a crypto pegged to the value of fiat. You could try BitUSD, Nubits or Tether for this. After this is done, wait for BTC price to get lower, then repeat the process above. Hope this helps |
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I also have another question, and that is what be the cheapest GPU for me to get started mining some Ether? As I'm new GPU mining (and also my budget) I would like to get started with a cheap but decent GPU to mine some Ether. Any suggestions would be greatly appreciated. |
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It has been some time that I have been mining Magi within my own laptop's Intel Core i5 CPU. However, I'm still not quite sure how this unique block reward works. I have an idea of how it could be but I'm not sure if it is right. I guess the less hashrate you have for mining, the more reward you will get? I need better explanation for this as I really don't understand how it works. Sorry for asking, I just want to know Magi well. Any help would be greatly appreciated. Thanks The reward function is explained in the "Magi-Reward-V2" and "Necessary to adjust miner efficiency?" sections of this post. If you want a graph of any block's possible rewards based on average hashrate (and block difficulty), you can use the following site to play with the parameters: http://starflakenights.net/crypto/blockreward/xmg.html. Thanks for sharing this information. I will take a look at it, analyze the block reward and see how well I could keep up with Coin Magi. XMG's block reward is what makes Coin Magi a unique alt coin among other cryptos. |
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Lets just be patient until Bitcoin's time comes in 2016. Right now, price has increased a little bit (although it has gone lower today) so I think it would be a good sign for when the next halving comes. It is a bright future out there for Bitcoin in the next years. |
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I have some concerns, regarding dividend payouts for shareholders. How does it work? Once I have 10k AMBER where do I receive the payment? Do I need to provide my Bitcoin address in the process, or if I choose to be paid in $$$ how will it be paid? By check or direct deposit? Sorry for asking, I'm just getting to know Ambercoin, as I'm starting to invest in it as well. 1. You should download an AmberCoin wallet. 2. Then move there coins that you have. 3. To register your wallet you just need to send a message to info@amber-trade.com containing your wallet address. Company checks your wallet and adds you to a shareholders list. After that your wallet's balance will be monitored automatically and you will get your dividends after the end of a quarter. 4. They need a BTC adress of you to pay out the dividends. To get dividends in $$$ you should buy from company directly. Hence, you not anonymous anymore because you have to give full details (name, adress, bank acc etc) to the company. Thanks for your quick reply. I'm growing my stack of Ambercoins each day, with the hopes of getting 10k or more of AMBER. I will try these instructions listed above and hope to receive dividends in the future. This is great. Right now, I think that Ambercoin is dirt cheap so it is the perfect time to buy before its price gets higher. |
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Get some referrals for your faucet earnings, use a faucet bot or try arbitrage trading and that might make you $1 or more per hour. Usually, arbitrage works for me but it doesn't always give you profit. You need to know which alt coin you are investing into and take the risk for possible earnings. |
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It has been some time that I have been mining Magi within my own laptop's Intel Core i5 CPU. However, I'm still not quite sure how this unique block reward works. I have an idea of how it could be but I'm not sure if it is right. I guess the less hashrate you have for mining, the more reward you will get? I need better explanation for this as I really don't understand how it works. Sorry for asking, I just want to know Magi well. Any help would be greatly appreciated. Thanks |
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