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Small players should take a break IMO, unless you have a special advantage such as free electricity. Conditions are just not very good for mining right now.
If there is a glut of ASICs, ASIC manufacturers go bankrupt, and ASICs start getting liquidated, that will be the time to start mining again. Not until.
I've been mining on and off for three years and this is pretty much the first time I can remember that there isn't really anything worth buying.
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selling 1000 MRO for 0.5 BTC SOLD
Selling 1000 MRO for 0.6 BTC |
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Received 500 from mickey_miner Received 1000 from smooth Fund balance is 2917 |
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tacotime please add the BTC address to the instructions
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Received 400 from eizh. Fund is 1417.
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I have created a BTC address for pool bounty donations: 1Ah8G4Fj9wYTso17T2jx5hsdypNXv7orWS Please do not use this address for any other purpose. I will not assume return addresses are valid. If you wish to receive a refund if the bounty is cancelled you must provide a return address to me. Any donations not accounted for in this manner will be used for some other community purpose if the pool bounty is cancelled. |
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selling 1000 MRO for 0.5 BTC
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I will be collecting the funds for the GUI bounty. It sounds like we have nearly enough. The donation address is: 4BBi2mHacZKCVz83FR9YCpRxefprk3TbtixKrPUtxmUFUrYyV1oqpvNdFe9df2yFswR8QiiMvfNHAFrkXutJzEUE76fnCXx I am only accepting MRO donations at this time. If you want to donate using something else, you will need to convert it. If you want to be able to get a refund in the event the bounty is not paid out and the project is cancelled, you will need to post or PM your TXIDs and an MRO return address. Any funds received but not accounted for in this way will be donated to some other community cause. I will post updates of the amounts received. |
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Received 1000 MRO. Fund is 1017 MRO
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Thread has been update with address to smooth as escrow
Please copy the instructions from my post or link to that post. |
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(ie a form to report the btc spending is needed for any btc spending over 600usd along with an ability to show the value of that btc spent when you spent it and the value of the btc when you aqcuired it)
to the IRS for your 2014 tax return. Since the rulings came out I stopped any btc transaction over 600usd.
I did a 2860 usd hosted dragon miner deal only because it was with paypal.
Using a cc with minerstore means you only need say you spent 2??? usd (not sure what was the exact price) for the miner.
No extra forms.
For now I am still buying from bitmaintech buy only s-1s 2 at at time since that is under 600 usd.
There is no requirement to report payments for merchandise. That is on page one of the instructions for form 1099-MISC, which would otherwise be used for reporting such payments. You still need to calculate as capital gain or loss on the disposition of the BTC and report accordingly. BTW, the payment reporting requirement is based on a minimum of 600 to one payee during a year, not per transaction. But that doesn't matter here. |
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Received 17 MRO
Total bounty fund 17 MRO
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I will be collecting the funds for the pool bounty. It sounds like we have nearly enough. The donation address is: 466CVfQvGmELo8Bc7ypDqTcSUg8Ky4WS7EefFdf4JUvWes4GVmAsXgtKPND9WT3p2bVjyEDFvmTA69SkpvuT5wBy1T1ZwWu I am only accepting MRO donations at this time. If you want to donate using something else, you will need to convert it. If you want to be able to get a refund in the event the bounty is not paid out and the project is cancelled, you will need to post or PM your TXIDs and an MRO return address. Any funds received but not accounted for in this way will be donated to some other community cause. I will post updates of the amounts received. |
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i dont know how many people is mining the MRO But I have not got any block since 8 hours ago with 5 E3 CPUs Every times refresh,I see the balance is ZERO,WTF  What is your hash rate per system? |
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I guess this reasoning would apply to the proposed case... if you trusted the exchange with your BTC it would seem acceptable to assume you'd trust them your bootstrapped coins...
Correct. In some sense exchange owners should handle the spin offs for you and put the new coins into your account, the way stock brokers do. In practice we're a long way from that. First they should stop losing/stealing BTC. |
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So..an exchange owner can use our bitcoin to claim these bootstrapped coins?
Exchange owners can do whatever the hell they want with your coins, including run off with them, as has been clearly demonstrated many times. You don't truly own your coins unless you, and you alone, control the private keys. |
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At the risk of sounding like a noob, how do most people handle these transactions via a forum like this? Is there a reliable escrow?
Seems like this is a bit risky. Obviously cryptocurrencies in general are risky too, but I'm a little uncomfortable sending sending coin irrevocably to someone I don't know.
I have been offering an escrow servers (see OP). People are free to use whatever escrow service they want or to use none and do the trades based on individual trust. |
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THank you guys,
I think I cannot download the blockchain in windows, when I enter the "refresh" command in wallet, all I get is: "refresh failed, deamon busy, Blocks received:0"
I also get yellow color in the deamon window.
Any ideas?
First you have to finish downloading the whole blockchain. You must be synced. Then open the wallet. If problem persists just close everything and try again. Sometimes its quite annoying. It may take 5-10 times closing and opening in order to work. Although i believe that if you let blockchain sync and open wallet a couple of minutes later you wont have a problem... P.S. You must close deamon with "exit" unless you want to download blockchain every time  Easiest way to work around this is to just type "save" in the daemon. Once the daemon finishes saving (fast on monero, slower on bytecoin) wallet connections should work again. |
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