Why do you ask when you already have the answer in the topic? It's a stresstest, done by those that want to show that we need bigger max block limits on bitcoin blockchain.
do we have any idea who these people are, are they whale or miners? I think they are actually researchers. Each transaction really only has a small amount of BTC, and then they ship it back to the originating wallet (or something very similar). Nobody is "spending" or "exchange" Bitcoin, it's essentially a "Wallet to Wallet" test. there are some spammers, attackers among them for sure, because the test should've ended for now, we get it, bitcoin can't handle the current amount of transaction but someone is still perpetuating it, this mean that he is not doing it for testing, but he want to convince people to change to xt or whatever other reason |
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well satoshi is the one with the most coin for now, but even considering him , he is not holding a fortune so big to be in a considerable spot in the top ten for example
270M dollars isn't a lot to be put on the list as one of the most rich in the world
the most rich guy in the world can buy the whole bitcoin market cap like nothing, satoshi's fortune looks like a crumb in comparison
But what I heard that his bitcoin is just scattered all around right? And he doesnt hold any of it so he is not holding a much fund now. May be the twin hold a great amount too around 100k no one know how much he is holding, but if you remove satoshi then the others are holving much less, their fortune is more insignificant, i'm sure they can't stand even among the top 100.. actually the twin hold more wealth in their fiat than bitcoin, i can bet my ass on that |
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with that amount i would not waste my time in starting a mega farm, instead i'll start a mega buy of bitcoin, which is growing nicely, and in few weeks or month, i might see already a +30% on my investment, which mean 75k
mining should be done very big from the beginning if you want to compete with china's farms, but unless you are very rich and your zone has basically insignificant electricity cost, it can not be done
the whle mining point in a nutshell
do you have electricity below 0.1$ per kw/h or below 0.05? yes go for s5 in mass, no buy bitcoin directly
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Well the smallest fraction of a Bitcoin is 0.00000001 BTC which is referred to as 1 satoshi. If you don't want to use decimals, you can always use satoshi for small amounts. I personally tend to think in satoshi for amounts less than 0.001 BTC, so for example I'll refer to 0.00042000 BTC as 42k sat. This is obviously not ideal but for now it's fine for me. I'm sure the devs will think of something as Bticoin adoption rate goes up around the world. Also, the decimals are only scary/confusing in the beginning, you'll get used to it soon enough  Well, satoshi is right now the smallest unit of BTC. However, the OP says that in the future, it may even get smaller than a satoshi and I agree with him in that. i think they will use a sidechain for that, other wise they might screw the divisibility or you can always use another altcoin for when 1 satoshi will be worth too much, let's say 1 dollar or more there will be always litoshi or dogetoshi, to the contrary of the popular belief, those coins are strong enough to hold their way until bitcoin will be mainstream, i doubt we will have only bitcoin as a mainstream crypto coin |
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Correct me if I'm wrong but if 5 usb miners find a block on CKpool don't you have to mine the block first. Wouldn't that take another longtime do solve it.
you have not actually found a block on the pool, everyone else have contributed to find it, it's basically usless to find a block in the pool and not only that, but finding a block when you mine in a pool is not the same in finding it in solo |
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well satoshi is the one with the most coin for now, but even considering him , he is not holding a fortune so big to be in a considerable spot in the top ten for example
270M dollars isn't a lot to be put on the list as one of the most rich in the world
the most rich guy in the world can buy the whole bitcoin market cap like nothing, satoshi's fortune looks like a crumb in comparison
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Kinda thinking i may want to sell this account. Not as active with bitcoins as i use to be. :C
well seeing that you have some trust its value could be good but recent post quality may tarnish this a bit, still 0.10-0.15 btc for it should be achievable |
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Hi guys, I'm asking you guys if this ever happened to you. So about 2-3 weeks ago, I lend around 0.01 forgot the exact amount to a jr member. And he says he'd get back to me the next day, but he didn't. He gave me his account as the collateral, but I still wanted my btc back, so I mes him on email, he said he apologize and he'd pay me back 0.015 btc by the end of the week. Another 2 weeks has passed, I kept emailing him, and no response from there. Why are there people like this on this forum?/ What can I do now? Just sell his account?
Yes, you can now sell the account in either Digital Goods or Auction. Btw, collateral scam means you took the collateral and ran.
usually in this negotiation they use an escrow or at least an account that is signed but i doubt that this junior member has signed his account, so there are chance that he used as a collateral a hacked account if that accout is not in a good condition(red trust low quality post ecc...) i doubt you can retrieve 0.01 from it |
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Don't give up on your dreams. Go on Ebay and buy 1 or 2 Antminer S3 miners and give them a whirl. You'll need a computer power supply as well. But once you have that you're good to go for about $150.00 total.
you can do it with a raspberry pi will cost you less in consumption vs a computer actaully you need only th power supply and not another device especially if you are mining in a pool you can monitor it with your main desktop, without having two dedicated computer |
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To me 150€ is quite expensive but if you are able to sell yours for around $20 for vouch and $50 thereafter I think you will make some sales.
well it depend, if the bot is very good, it could earn you up to 3%, which is alot if you move a good amount, 150 is nothing in comparison, not even 0.66 btc i'm sure you can retrieve this in a few days or weeks at worst You are correct but most of this bot can not give you such returns daily but rather reduce your portfolio due to fail or bad trades. look at this https://www.youtube.com/watch?v=-aNBGt0dNRg it seems a very good bot, with average of 1% return, even if trade something like 1 btc only per day, it is 0.01 of profit, and this with one trade only That's great but it's never too easy, there are many things to consider such as time for confirmation and stuff. I was shape-shifting 0.1 BTC to LTC the other day and the transaction hasn't confirmed yet, if this happens, it's not really feasible while executing arbitrage that's because of the stress test or attack they are doing, but you can increase the fee to 100k satoshi to speed it up, i'm sure it will be confirmed in the default time |
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thank you.
And why i may want to give a proof that I'm the owner of the wallet?
Can you please give me an example of an online block explorer for any wallet value? What means tx id?
Thanks.
so we know that it is you that control the address and not an impostor tx id mean transaction id it's a long number that identify the transaction |
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that's the point of this test, because bitcoin can't handle this, and we can't reach mainstream with the current TX limit, mainstream is far worse than just 150 tx per second, far far worse, the tx spam that you're seeing right now is nothing in comaprison, a big joke....
take a look at the TX volume of Visa for example, this is what we call mainstream
Why do you say the network can't handle when the only point is the block size? When block size is increased there is no problem in bitcoin the network can't handle it right now, the OP think that we can reach mainstream with the current TX limit, which is impossible that's the point of this test, because bitcoin can't handle this, and we can't reach mainstream with the current TX limit, mainstream is far worse than just 150 tx per second, far far worse, the tx spam that you're seeing right now is nothing in comaprison, a big joke....
take a look at the TX volume of Visa for example, this is what we call mainstream
BTC will never EVER have the same TX volume as Visa. Why? because BTC will be a token for the largest financial ledger of the world. ppl wont use BTC to buy coffee. They use it to buy a house, pay tuition or simply hedge against other financial vehicle actually btc would suit well for thing that don't cost too much, like coffee, because for small transaction you can accept zero confirmation more safely, or you can do it off-chain via other service like xapo |
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that's the point of this test, because bitcoin can't handle this, and we can't reach mainstream with the current TX limit, mainstream is far worse than just 150 tx per second, far far worse, the tx spam that you're seeing right now is nothing in comaprison, a big joke....
take a look at the TX volume of Visa for example, this is what we call mainstream
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bitcoin cant replace fiat... transactions are too slow or you need to use a gateway.
if you want to buy something for example with two android wallets you have to use a faster altcoin
transaction are instant, confirmation are slow, don't confuse the two, if merchants can accept TX with zero confirmation, from for example off-chain(at least for small amount) we are done you don't need faster confirmation for big purchase, i mean i can wait 1-2 hours if i want to buy a 32'' monitor 4k.... |
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because the hype for greece ended there
because we are finally going to perform a steady grow, with numerous small increases and not huge pump that end in a huge crash and discourage new adopters
because big traders are playing with litecoin
ecc...
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Yeah ofcourse. Take a look on the past, who doesn't expected that bitcoin become valuable after $ 10.000 bubble incident.
Actually I was shocked too. If only I knew bitcoin earlier, I'm probably hold BTC 10.000 for this year rather than buy pizza with BTC 10.000 before bubble incident happen
Agree to this. But hey guys , do you think it can back again to $1000 mark ? for sure, previous ath are always achieved once again, don't listen to such thing as "maybe in 5-10 years", reache 1k in 10 years for bitcoin would mean that bitcoin failed miserably i believe that many cannot get the whole picture and consider how insignificant is bitcoin right now, in comparison to what it is aiming for, its market cap is a joke, its TX volume its a joke, everything is ridiculously below the real expectation, by many orders of magnitude |
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Bitcoin has no inherent value. Cost for creation and time doesn't matter as long as bitcoiners wouldn't believe bitcoins are worth what they are. Take that believe away and they are worth nothing. So these two answers doesn't matter really.
It's different from other things like bread or something that has a value outside of being a currency.
food and stuff like that have not an intrinsic value, they are only mandatory thing, which i find it to be different, in reality nothing has a real intrinsic value because, everything is only backed up by demand everyhing is relative, for example for a robot foods is useless and thus it has no value at all Though it's a difference. If you have bread then you can eat it in worst case. When you have bitcoins and no one wants them then you have nothing. The same goes for fiat paper. Things you need for your life, like things to eat, have a value in it's own. You don't need to sell them, you don't have to care about someone wanting it, you can use it for yourself. they still have a relative value, not an absolute value, nothing has an absolute value, and with bitcoin if you think about it it's actually the same you can build something on the blockchain that would help to speed up your activity, if you need to move information to another side for example |
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I see the site it is out of adjustment the upper row it is not adjusted with the promos
Hmmmmm that's odd what browser are you using? Mine looks good in all chrome firefox and exp he is right with chrome i'm seeing this  |
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if you are sure, that you want to use online service for this kind of operation and not desktop client or smartphone, you can do it on blockchain.info wallet service. but please, consider it twice..
I know about blockchain.info , but , are there any other services ? do you really need another one? blockchain info is the best you can get, and the most trusted also i would prefer to do it via Core honestly.. |
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Time to increase the fee for bitcoin transaction. Way too low anyway, then could we get rid of all these dust transaction. Bitcoins should only be used for large transactions anyway. Buy your coffe with litecoins.
unless you remove the custom transactions, there is no point in increase it, anyone can just go ahead and drop it at 1 satoshi or zero if he want |
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