well thanks soo 2140 the btc mining should be over and well we will be able to see what bitcoin can do to the world
Lol. We'll see it long before that, even if the (unlikely imo) answer is nothing much. It sounds pretty likely that 5 years would be plenty of time to see what we need to see. Agreed. I think something else will take the place of Bitcoin long before 2140. I suppose the best possible outcome when that happens is the new currency would accept Bitcoin for exchange, allowing the BTC to be sent to an unspendable address to be redeemed. Worst case would be BTC becomes worthless. |
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US Woman Final Between Roberta Vinci vs Flavvia Pennata
match is going very tight , both the Italian players are playing very superly, i hope that vinci will break and win the us open 2015 like yesterday winning from Serene Williams.
Best of luck to Roberta Vinci
I too am rooting for Vinci. Yesterday's upset with Vinci ending Serena Williams Grand Slam hopes showed how driven she is. I read yesterday after Pennetta won her match, she forwarded Vinci a photo of the two when they teamed up to win the 1999 French Open junior doubles title. Kinda of a similar situation to when Serena played against her sister. |
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You can be sure that you're being filmed using most Bitcoin ATMs (I think there are only 1-2 one-way models that don't do that). In addition to that many Bitcoin ATMs also require additional biometric data (fingerprint, vascular scan) for larger sums. Overall using a Bitcoin ATM is in general more invasive than using a "traditional" cash ATM.
So I can only recommend not using them, if you have a choice. If you take appropriate precautions, face2face transactions are the best way to acquire Bitcoin without surrendering your privacy to the surveillance state.
My hope is that in the not so distant future, Bitcoin ATMs will become obsolete, because all transactions are done in Bitcoin - without the need for fiat conversions.
ya.ya.yo!
Maybe traditional ATM's don't use Bio-metric data as much as do BTC ones, but they do have camera's not only in the ATM, but usually around the premises as well. That coupled with physical possession of a card that the issuing institution most assuredly has personal information about you and the requirement of a PIN, that only the customer should know, I don't know how much privacy you are getting as they will know who withdrew the cash. |
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Most of pool have no password. I can't find one a pool with a worker password, anyone help me?
Why do you want a pool with a worker password? Also, what coin are your trying to mine, Bitcoin? If your client for some reason requires you to put a worker password, I believe you could use anything and the pool would ignore it if it does not use worker passwords. |
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I think the concept of a single satoshi confuses a lot of people new to bitcoin, and thus why these tasks, faucets, and other sites get away with paying so little.
For one, most people are not comfortable with decimal places, especially with the 8 that bitcoin uses. Most currencies use 2 decimal places, for instance in the US $0.01 for one penny, the smallest physical coin you can posses. Some places, such as gas stations, may advertise a price in tenths of a cent, or go to three decimals for example a gallon of gas may be priced at $2.499, but that is the extent of everyday pricing for most people.
So when someone sees a faucets that pays 20,000 satoshi daily, it sounds like a lot. Even a "good", using the term loosely, faucet such as moonbitcoin, you may earn a 120,000 satoshi a week payout if you are dedicated. To many this sounds like a ton of bitcoin. In reality it is only a few cents.
It may be helpful for people new to bitcoin to visualize a chart of various satoshi values, represented in USD:
1 satoshi = 0.00000001 BTC = $0.00000236
10 satoshis = 0.0000001 BTC = $0.0000236
100 satoshis = 0.000001 BTC = $0.000236
1000 satoshis = 0.00001 BTC = $0.00236
10,000 satoshis = 0.0001 BTC = $0.0236 (finally broke the penny mark)
100,000 satoshis = 0.001 BTC = $0.236
1,000,000 satoshis = 0.01 BTC = $2.36
10,000,000 satoshis = 0.1 BTC = $23.60
100,000,000 satoshis = 1 BTC = $236.00
So as you can see, at today's exchange rate it takes roughly 10,000 satoshis to break 2 cents, or 5,000 for even one cent. Even using the moon bitcoin faucet which, spending a lot of time each day claiming you only earn around 20-30 cents a week. As far as paid tasks, you can look at the chart and determine if it is worth your time or not.
A 10 minute survey may be worth 0.005 BTC, or an impressive sounding 500,000 satoshis (about a dollar) to some, but any less is probably not worth it.
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I fortunately didn't lose anything in the Mt. Gox scandal, but it is good to see justice being served. Perhaps it will serve as a warning to others that just because it is BTC doesn't mean you are immune from prosecution for scamming.
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Sounds interesting. Instead of spending and spending a boring mundane afternoon looking at the screen and watching the price movement, life is much better spent doing useful and healthy workout.
Totally agree! Should come up with an app like Map my Walk, or Run Keeper type which allows people to "compete" with one another while doing their workouts. |
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I think you'll be left disappointed buddy, the price seems unaffected by this bull shit (so far).
It's only few days passed, 2+ weeks ahead. oh god, are they actually going to do this for 2more weeks?.  Just kick back and enjoy it. I'm certainly not fretting. People need to learn at some point that the fee paid in an incentive-based system is not static. If you get a transaction stuck once, it shouldn't happen again. I agree with this sentiment. I mean the fees are already lower than anything else out there. Visa charges you indirectly via merchant fees (higher prices) around 3% to use your charge or debit card. People complaining about going from 5 cents to a dime, or even a quarter, really? The only time it would be an issue is with really small purchases, but for comparison a $5.00 charge card purchase ends up costing you $0.15 too. But a $100 cc purchase is $3.00 versus BTC's 15 or 25 cent fee. |
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I would sent it to another wallet I controlled as perhaps it was the result of a collision. I know a collision is supposed to be a super rare event, but people do get struck by lighting and win lotteries which are also rare.
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I am with the people who would hold on to it even longer. The way I look at it, if it gets to $1,000 again, it is headed higher. Perhaps I would be willing to let some go at around $2k to get back my original investment.
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I signed up, and think it is a great idea. I don't know why all the haters here think you are trying to compete with Facebook and/or Twitter other than to spread their hate. This is a great idea for cyptocurrency-centric discussions that might not work as well on other platforms.
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Nice plate. You should also post a pic of your Porsche...
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Poloniex and Bitfinex allow you to lend your coins and/or USD (Bitfinex). The rates vary, mainly depending on what is happening in the market. For instance, when Ethereum first hit Poloniex the BTC lending rates were as high as 2% daily at times. It has now come down from those rare and lofty highs, but still around a respectable 0.15% daily rate that corresponds into a 55% annual return.
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I agree that pools are OK in of themselves in that it allows small miners to still be competitive. As others have pointed out, without pools, only the large mining farms would be able to compete and would lead to greater centralization. Pools have been with bitcoin from the early days, it's actually the big farms that were new and came on the scene once the price exploded back in 2013.
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It looks like they are giving a 300 GB monthly allowance before the extra charges kick in. Since only the initial download of the bitcoin block-chain requires a ~50 GB download, I don't think this will impact Bitcoin users too much. The month to month additions to the block-chain only amount to around 1-2 GB a month, so this will only be a small fraction of the monthly allowance. The quote at the end of the article probably sums it up best: “And to put this all in perspective, our national median customer data use is 40 GB per month and 92 percent of our customers don’t consume more than 300 GB of data in a month.” It seems like this will be a non-issue for most people, and even for those consuming more than 300 GB, it will only cost them an extra $10-$30/month. only cost them $10-$30 extra? that's a lot considering home internet connections on average cost around $30-$40. 300gb per month is really nothing. Well if 92% of their customers are using less than 300 GB per month, yes I say "only $10-$30 extra" for the 8% of their customers using all the bandwidth. Why should normal customers subsidize the 8% who are using all the data? |
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It looks like they are giving a 300 GB monthly allowance before the extra charges kick in. Since only the initial download of the bitcoin block-chain requires a ~50 GB download, I don't think this will impact Bitcoin users too much. The month to month additions to the block-chain only amount to around 1-2 GB a month, so this will only be a small fraction of the monthly allowance. The quote at the end of the article probably sums it up best: “And to put this all in perspective, our national median customer data use is 40 GB per month and 92 percent of our customers don’t consume more than 300 GB of data in a month.” It seems like this will be a non-issue for most people, and even for those consuming more than 300 GB, it will only cost them an extra $10-$30/month. |
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Plus I will point out that on Poloniex the price is actually quoted in USDT which is Tether ( https://tether.to/). So while in theory it is worth the same as USD, due to Tether itself being a cryptocurrency, it seems to trade at slightly less than a dollar, along with the fees to exchange it into real currency, etc., means that trades against it, such as the BTC/USDT on Poloniex tend to be lower than exchanges trading against actual USD. |
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Hello people,
I have the following question,
Since I amusing only gambling sites.. Which bitcoin services do you use very often or at least from time to time?
Is there anylist of all services ? Thanks
what the hell does the bolded part means? (not a native english speaker, so shoot me) if you're looking for gambling sites, try primedice or Just-Dice. or check this board for others. I am sure it is a typo of a missing space; amusing = am using. The sentence is most likely to mean: Since I am using only gambling sites.. |
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I just joined the course and watched the first two lectures, I think I may need to watch them a couple more times to let it all sink in.
This looks to be an interesting course and I hope to come out of it with a lot better understanding of Bitcoin.
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I don't think we will see much of a decline in the network hash-rate as most of the miners already have sunk cost in their equipment and the amount of network hash is around the same as it was when litecoin was around the $1.50 mark. So even taking the halving into consideration, at $3.00 miners are making the same profit as they were before at $1.50. Also, as pointed out by others, a declining price might cut into profitability by they might not actually go into the negative until it goes a lot lower.
For instance, say at $3.00 a miner is making a hypothetical $100/day profit after electricity it could drop to $2.00 and they might still be making $50/day. Profit is profit.
I also think that some miners will mine at a slight loss for awhile as well, since history has shown that oftentimes when the price gets down to unprofitable levels, it soon shoots back up. So if you have a big operation going, it might be better to let it run a month or two at a "on paper" loss, say LTC drops to $1.00, but then it bounces back to $2.50 or so again. Profit is determined when they sell their litecoins, not necessarily what the price is on the day you mine it.
It never makes sense to mine at a loss. It would be better to shut the miners off and buy LTC using the money saved on electricity--you are getting a better price. Why would you pay $3.00 for LTC via mining when you can buy it for $2.68? Speaking of which, I shut off 3 A2 Terminators today as the new difficulty combined with continued price erosion made them unprofitable. WTF is up with the hash-rate increase? That makes no sense at all to me. Say you negotiated with your local utility to purchase so much electricity over say a 6 month period to obtain a better cost. Maybe your cash flow is tied up so you can't just buy a bunch of LTC the moment the price cross over occurs, many reasons they might continue on, as I said for a short period of time. No different that oil rig operators or even physical metals miners, they have been known to run a "paper loss" for periods of time on the expectation the downtrend is temporary. |
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