Pools are not centralizing Bitcoin, because they compete with each other and miners are free to choose with which pool they want to mine.
The problems created by excessive block sizes are far more serious, because this leads to a reduction in the number of all full nodes, not just miners. This would reduce the overall security of the network and make surveillance / blocking of nodes much easier.
ya.ya.yo!
let's say there are 0 full nodes only minners, how does this impact security? only total hashing power determines the level of security no? aside from the sybil attack there are no other problem about security if there are zero full node, miners are more important it's probably the reason why there are zero incentive for them, to run one |
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i'm not entirely sure in the details but going by logic, one possible way could be that he can spend on the real chain and then spend again on the chain he created that now it's the longest chain
he can also prevent transactions from being confirmed, this mean his own transaction too
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I tried last night although i don't have very good knowledge but most of the keys have 0.0004BTC available and hundreds of transactions.It is very very hard to succeed to transfer even 0.0001BTC from these keys.All this is waste of time on name of giveaway.
i try this giveaway... but i think like everyone else, it is just a big waste of time! yeah by the time you sync that crap, you will discover that everything was sent to another address already, i'm not going to bother anymore but someone was successful in evading some coins |
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pools allow for further decentralization of bitcoin mining by allowing small miners to continue to mine at such a high difficulty.
The problem is that the small miners are only geting small profits and enen cannot sustain the electricity coist. How could they still mine? one way could be by hosting or ctrusted cloud service, they are there for this exactly reason, casual mining is not feasible anymore, but decentralization is still vastly possible i think there should be more hosting service if we want to help decentralization, those that have the best electricity cost, should help the other by providing good hosting, even a small profit could encourage the growth of more small miners As the difficulty increases, the cloud mining providers' profit margin becomes squeezed, so the ROI of investing in the cloudmining contracts becomes impossible! well but the diff in theory should increase too, otherwise no miners out there will make profit no matter his/her electricity, for now there is profit to be made, the problem is that ROI is too long to accomplish |
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You gotta factor the obvious up and down rates, so I say you need a sizable sum.
Maybe like 4-5,000 coins minimum.
Incase if you see the rate ever go back down to where it is now.
So if you want to be a millionaire, you already need to be one. That is most definitely the shortest route indeed. Everyone should know that the fastest way to get a million is to start with two... if you have one million you can consider yourself rich already, at least i would do in my case, one million is enough for retiring for me |
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The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.
How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
as long as bitcoin go in main stream goverment will have no choice but to adopt it.. so right the best is just continue using it until it happen.. No choice? but some country already banned it, because if they not want it? they will ban and they don't care either its mainstream or not. And any government that already adopt it can also ban it for their own reason or because they see that theres something wrong or something not good in their own people. well it does not matter , people will keep using bitcoin no matter what their GOV will do, it's not like they can ban every desktop or device out there at best they could stop incoming money from outside bank and therefore stop exchange, but if you do it privately you can avoid this no system is secure there is always a way to get around it |
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just a question:
why all this "good news" for fund rising, don't let bitcoin price rise???
i think this is the real question!!!
because they are not directly investing in bitcoin, they are only build everything around it, hoping that more people will use bitcoin if none of the big name start to invest massively in bitcoin, i'm not sure if we can resort to average joe for increase the price |
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fees will matter long before that, from 2020 to 2024 here will be only 6 btc to share, i'm sure that if there will be a good value by that date miners are already fucked, no need to wait 2040
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Well, that's impressive, I guess, it's just, seems every week we hear some big announcement like this, for a few years even, but btc doesn't really seem to be any more used or even valuated than before. Are all these startups failures? Most startups do fail, about 10% succeed, in any industry. I don't really get it. Hopefully in a few months time we might see all this VC money bear fruit. A btc explosion would be nice  Stop waiting for the price to 'explode' and do fucking build something. DO NOT HODL!!! Hodling is stupid. It produces nothing. you can't blame those that want simply a better price to use bitcoin, we all know about its potential, why i should use it now, besides emergency, when i can use it at 1k in fact for this reason i believe that rich people should help the price and not average users |
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Yes that raises a great supplementary question. At Today's difficulty with 10 Cent electricity and a 10W LED light bulb. What J/GH chip is needed to run the bulb for free? Rich well with 10k bulbs you're looking for 100 kw/h x 10 cent is $10 per hour which is $240 per day, if for every bulb you have 100gh/s this is 1P seems fucking profitable |
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Hi Bitcointalkers!
Since the beginning, I've always been an hashnest\ bitmain customer.
I was wondering if any of you guys has bought the PACMIC contract from them. I was looking to know if you are satisfied and if it's worth the investment.
Let me know your experience with these contracts.
I bought PACMIC v3. With auto-buy on, it gives you ~2% monthly interest on your total investment. It's basically a low-rent loan, to hashnest. Calc: Web: http://steal1982.altervista.org/pacmic_calculator.phpPython script: http://steal1982.altervista.org/hashnest.phpbasically with one tera you have something like 0.012 per month, it's like earning nothing not worth it, i think it's better to go with the hash thing directly, than contract, when you can repay your miners there is pure profit awaiting you |
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may be genesis mining still best for now..
seems a bit expensive to me, hashnet has better price and has the s7 available already, so better maintanance fees |
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looks at coinmarketcap everything in red on the first entries, there is no need to differenziate when the less dead coins is bitcoin
i would go all-in with bitcoin, there is still much potential, don't get fooled by the xt crap and bad news, we can always recover
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pools allow for further decentralization of bitcoin mining by allowing small miners to continue to mine at such a high difficulty.
The problem is that the small miners are only geting small profits and enen cannot sustain the electricity coist. How could they still mine? one way could be by hosting or ctrusted cloud service, they are there for this exactly reason, casual mining is not feasible anymore, but decentralization is still vastly possible i think there should be more hosting service if we want to help decentralization, those that have the best electricity cost, should help the other by providing good hosting, even a small profit could encourage the growth of more small miners |
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you can always change your storage on a safe new machine, in the case of those usb stick, you can change it after 2-3 year if you feels that they will not fuction correctly
beaware of any printer which store in their cache the data printed, i'm not trusting any
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in my opinion save or invest depends on how much money coming in you have. Personally I like to save most of my money and invest a little in bitcoin.
Even if the rates are volatile? Youd still invest? Me personally, I just wait till higher rates are reached, and then I`ll consider buying the coin, buying itself is a risk cause of a constant price range. volatility is what bring the price down and is what incentivate you more to invest, buying when the price begin to climb heavily is what many newbie do |
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There will be hacking teams and mafia working together to find early adopters/holders.
That scares me too. If teams of hackers can breach places like Sony, eBay and Governments various secret facilities like their military's etc. Then who do we think we are to fend them off should they learn that we were early adopters? I wonder if using a very high resolution image on a computer offline which has been opened in a photo editing program where you cut/paste your wallet in QR as small as it can go since it will only have to in pixels. Or just paste the private key as small as it can get. many early adopter have acquired their coins, through mining, there is no way to know who they are, also they are storing their treasure in a cold storage, who know where other early adopter have left the bitcoin game long time ago, i doubt hacker will waste time to search for something unknown, better for them to target big and well knwon place like exchange |
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- snip -
Could someone explain to me in simple terms what a 'signature campaign' is?
A signature campaign is: A way for an advertiser to create an incentive for greedy people to fill the forum with thousands of posts of completely useless nonsense. The advertiser offers a small payment in exchange for the user to add the advertiser's ad to the user's signature space. The user is required to create a particular number of posts on the forum so that the advertiser feels that the ad will get noticed. Since the average greedy unknowledgeable user doesn't have enough useful and well thought out things to say to meet the advertiser's quota, they end up just spamming threads all over the forum with useless drivel. Several of the regular forum users have taken to blocking (using the "ignore" link) all users with a signature ad campaign in their signature. Therefore, by participating in such a campaign, you significantly increase the likelihood that helpful and knowledgeable users will never see anything that you post here.
So to say it in simple language , i shouldn't join one ? I will surely listen to a Legendary member, you seem a assest to the community . You can join but don't post for getting payment. Only post if you want to contirbute. Your post quality will decrease if you start posting for getting more BTC. what if i told you that you can post for both purpose? for the money but for contributing too, it's entirely possible, anyone can do it with some little knowledge about bitcoin |
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You can join those signature campaign to have some bitcoins.
it's not fast anymore, you need two months right now for 1 btc, well at least it is not fast as it was in the good old day 1 btc in two months with a senior at least, anything less is worthless You can join magicaldice signature campaign and earn up to 0.15 BTC per week. You will complete 1 btc in 2 months.  better than bit-x, i could be interested |
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when someone ask for this i usually reveal my awesome list , you can try time4vps or blueVM for a cheap bitcoin VPS, but if you wnt i can send you many many other |
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