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12181  Bitcoin / Bitcoin Discussion / Re: Which percentage of your BTC... on: October 18, 2014, 10:23:33 AM
Are we talking about a white hat?

Exactly.

I think it would depend on the situation.

Situation is someone steals your wallet, whitehat knows that your wallet was stolen by a criminal and warns you before the criminal transfers your btc.

I don't think the criminal would wait a single second with transferring the bitcoins after he stole the wallet.

But let's pretend this situation is actually happening, and the hacker is David Hasselhoff... I would give the whitehat probably 5% of the coins in that wallet.
12182  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: October 18, 2014, 09:55:18 AM
Calm down peeps, some of you think it's a ponzi, and some of you don't.

As long as people getting their weekly payments, and they all do, they are delivering what they promise.

12183  Bitcoin / Bitcoin Discussion / Re: Just what is a FAIR fee to send a Bitcoin transaction? on: October 18, 2014, 09:26:27 AM
I think the 0.0001BTC fee is very reasonable at this price point, I don't mind paying this as fee for the upcomming years.

The market decides, and I will just follow.
12184  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: October 17, 2014, 11:06:02 PM
Thank you for the detailed numbers, very interesting to see the differences.

I think the people that buy these contracts are well aware of the risks, and as with all investments, risk is not something you can put aside.

People are satisfied as PBmining delivers week on week payments, and I'm sure they will do so in the future as well.

It's up to PBmining to decide whether they will demonstrate their hardware or not, for me personally it won't change anything.
They don't even need to demonstrate the hardware, they just need to demonstrate the 2.7PH/s of hashpower they have. That much power is pretty apparent on the network, it's about the same amount as  Bitminter or P2Pool. Where are the blocks?
https://blockchain.info/blocks/CloudHashing
https://blockchain.info/blocks/KnCMiner
https://blockchain.info/blocks/Unknown%20with%201BX5YoL%20Address (Cointerra)

Currently "unknown" pool is hashing with 21% of the total power. It's probably a collection of several mining services combined?
12185  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: October 17, 2014, 09:57:04 PM
Quote
I emailed PBMining on Tuesday and still no response.

I like this one.  When he posted this it was Wednesday.  Our support is faster than most, I thought.  Just not fast enough!   Wink

What about proof of the mining that is going on? Roll Eyes

ya they have been around for a whole year and still no proof wtf!  how do we know they arent giving us profit from a different investment like a stock or something. we want PROOF!


With those prices theres definitely something funny going on. Im not putting money into this until theres some proof

Do you actually know what PBmining offers ?

They sell contracts that let you mine for five whole years, the prices are normal for the kind of product they offer.

The proof is that people are getting their payments every week, and this since January.
He's saying the offer is too good. Right now they are charging $0.60 per GH/s for a 5 year "guaranteed" contract. Out of that, they have to pay
1. Capital cost of the equipment
2. Capital cost of the facility its housed in
3. Maintenance and replacement of failures for 5 years
4. Power for 5 years
5. A normal profit

Just look at the power cost: Even if they somehow average 0.2J/GH/s over that time (3.5x better than anything on the market) and pay $0.04/kWh, that's 8.76kWh and $0.35 in power. Equipment costs are similar, even in bulk that's another $0.30/GH/s. That's just the initial investment in equipment, it says nothing of the additional investment needed to keep pace with efficiency.
If they are doing what they claim which is actually operating the hashrate they're selling, there's no way they can do so and still make money. If they actually are in Saskatchewan as they claim, the numbers are even worse as you won't get power anywhere close to $0.04/kWh.

Spondoolies charges $0.653/GH/s for hardware (with November delivery) and $0.20/GH/s for 3 months of hosting
KnC charges $0.6225/GH/s, for 6 months of cloud mining
Cointerra charges between $1.75(for a $3500 order) and $1(for a $1M order) per GH/s for a 12 month contract, and it doesn't start hashing until the new year.
Hashnest currently sells for 0.001125฿/GH/s, but they only pay out profits after expenses are paid, and will close the mine if expenses >  income.

All of those entities also make their own ASICs and have demonstrated multiple PH/s of gear where they would be getting the lowest possible prices. All of them charge considerably more than PB Mining. You could say they are gouging people, but if is deal is too good to be true it probably is. That's doubly true when they claim to be powering over 1% of the network, but have never demonstrate any mining equipment or mining revenue, but have demonstrated repeatedly paying dividends with incoming customer money.

Thank you for the detailed numbers, very interesting to see the differences.

I think the people that buy these contracts are well aware of the risks, and as with all investments, risk is not something you can put aside.

People are satisfied as PBmining delivers week on week payments, and I'm sure they will do so in the future as well.

It's up to PBmining to decide whether they will demonstrate their hardware or not, for me personally it won't change anything.
12186  Economy / Service Discussion / Re: Crypsty down on: October 17, 2014, 09:07:38 PM
Cryptsy has server issues at the moment, they are working on it.

For updates check their official twitter page. https://twitter.com/cryptsy
12187  Economy / Auctions / [Domain] pawn.pw on: October 17, 2014, 08:57:09 PM
Registrar : Namecheap
Expiry : Oktober 14 2015
Start bid : $10
Buy now : $100
Minimum bid increments : $1
Auction duration : 48 hours after last bid

I only accept BTC as payment option.

Domain will be pushed with WhoisGuard privacy.

Escrow is possible, only by trusted forum members. I prefer monbux

By placing a bid you agree with :

# You pay first when you win the auction.
# You must complete the transaction in less than 24 hours.
# You can't do private bidding.
# You must alteast have member status.
12188  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: October 17, 2014, 08:36:14 PM
Quote
I emailed PBMining on Tuesday and still no response.

I like this one.  When he posted this it was Wednesday.  Our support is faster than most, I thought.  Just not fast enough!   Wink

What about proof of the mining that is going on? Roll Eyes

ya they have been around for a whole year and still no proof wtf!  how do we know they arent giving us profit from a different investment like a stock or something. we want PROOF!


With those prices theres definitely something funny going on. Im not putting money into this until theres some proof

Do you actually know what PBmining offers ?

They sell contracts that let you mine for five whole years, the prices are normal for the kind of product they offer.

The proof is that people are getting their payments every week, and this since January.
12189  Economy / Speculation / Re: November Rush? on: October 17, 2014, 11:50:53 AM
I think we might even see low $2XX this year, and if whales with intentions to cause panic, we might even see lower than $200.

Let's see where it goes, if we hit low $2XX then why not buy a huge load of bitcoins  Cheesy
12190  Economy / Service Discussion / Re: Mintpal gone, where to move? on: October 17, 2014, 11:43:24 AM
Cryptsy is a great exchange, I'm not that much in altcoins anymore nowadays, but I always had good experiences with Cryptsy.

Good volume, a lot traders, and trustworthy. I have a few btc worth of altcoins there and never had to worry about my funds.
12191  Bitcoin / Bitcoin Discussion / Re: Found one of satoshi nakamotos bitcoin addresses. on: October 17, 2014, 09:05:04 AM
People assume satoshi is sitting on nearly 900K to 1000K bitcoins, but this simply isn't true.

He wasn't the only person that was mining in the early days, so there must be more people sitting on atleast 100K bitcoins that still have not touched their coins yet.

If the coins were mine I would definitely cashout a good bit of coins at the peak. Perhaps the guys can't access, or don't want to access their coins.
12192  Other / Off-topic / Re: General Football Discussion on: October 17, 2014, 08:56:45 AM
Perhaps a better idea to change the title in "General Soccer Discussion" to keep American Football fans away from this thread.

I really hate to use the word soccer as an European, but in this case it can't do much harm.
12193  Economy / Auctions / Re: mrlo.com for sale on: October 17, 2014, 08:50:51 AM
An auction should have atleast an end date....

There is no start bid as well....

I bid 10$ in BTC

12194  Economy / Services / Re: PB Mining Signature Campaign! ***CLOSED!**** on: October 16, 2014, 03:44:27 PM
Yes, when we change the price then feel free to update your signatures.

Ok... signature updated with 0.0016BTC. But, I think, it is good to update the signature code in OP.

I just updated my signature as well. As written above, it's better to update OP.

You will have more effective advertising then.
12195  Other / Off-topic / Re: I just thought of the perfect Bitcoin scam on: October 16, 2014, 02:06:21 PM
For noobs, you would have a website that says: "generate a random new Bitcoin address from your browser!  No need to use your digital wallet, try it today!"  The noob would click on the link, and the bitcoin address would in fact be the address of the scammer.  Noob would cut and paste this into their wallet, online or offline, and hit "Send", when they are transferring money between their different wallets, thinking they are sending themselves money.  But any money sent by noob would go to scammer and not into noob's wallet, since it is the scammer's bitcoin address, and not a random new bitcoin address.

A foolproof scam.  Or am I the fool who is missing something?



From noobs. For noobs....

I think the "noobs" are getting less "noob" nowadays, or atleast that's what I was thinking  Cheesy
12196  Economy / Services / Re: PB Mining Signature Campaign! ***CLOSED!**** on: October 16, 2014, 12:40:38 PM
I don't get these price changes either, should we update or not?

I'm still waiting for PBmining to reply here, I'm not going to edit my sig without permission.

Once PBmining confirms I will update.
12197  Economy / Service Discussion / Re: What are you missing in a fiat/bitcoin exchange on: October 16, 2014, 11:20:38 AM
Trust, security (against cyber and regulatory threats attacking both the exchange and users' information), trust in security. Mostly trust.

Trust for sure, and security as well, but an exchange can't guarantee any of the two...

Is there a missing thing I would like to see in an exchange? Not that much, I think there are already advanced exchanges that offer great trading options.
12198  Economy / Service Discussion / Re: Random 0.00001 BTC from Laxo Trade? on: October 16, 2014, 11:03:26 AM
I haven't got anything from laxo in quite a while now, come on!!

The highest transaction I received from laxo was a whopping 0.001BTC  Grin
12199  Other / Meta / Re: What if I don't change my Password? on: October 16, 2014, 10:59:43 AM
Bitcointalk Forum has this on the news:

"Due to a recently-discovered flaw in the TLS and SSL protocols, you may want to change your password, especially if you accessed the forum using Tor."

What will happen if I will not change my password?

Don't be lazy and just change your password, although I don't think a hacker would waste his time on hijacking a newbie account  Cheesy

Changing password will take you only a minute....
12200  Economy / Auctions / Re: [Domain Auction] Bazaar.pw on: October 15, 2014, 06:57:39 PM
If no one is bidding in the comming 24 hours I will close the thread.
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