bitcoin moved passed CPU minung in 2010-2011 it then moved passed GPU mining in 2013
now its ASIC mining using special hardware, where the network has 2million asic units running. and just one asic is about 10,000 fastr than an average PC CPU
these days solo mining using a PC. is 1 chance ever 2600 years at current difficulty. and becomes about twice as hard every 3 months
your only chance now is not to solo solve blocks but to have an asic or a few asics and be part of a pool that work together to find a block solution and have a share of the reward.
in short. sorry but the security has movd beyond hobbyists running a pc in their home. now its moved onto expensive equipment that does things more efficiently
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those calculaters are only good for the 1 day/one week profit after electric because after a fornight the difficulty changes and profit changes which those calculators DO NOT account for. so ignore the monthly/yearly profit calculations.
also the calculator does not account for the cost of the equipment previous batch S9 were $3k recently so a daily cost per asic is $8..22(under the premiss of spreading the cost over a year) so deduct that from the daily 'profitability'
yes there are new batches this month for ~$950 which breaks down as $2.60 a day cost. so even that when deleiverd by july. and deducting that from daily profitability of now. doesnt give much wiggle room unless free/cheap electric
and as i said. difficulty jumps every fortnight that cut more into your profitability..
the reason pools/manufacturers mine is because they creat the asics. so there is no hardware cost. infact for every asic a user buys. the manufacturer can create more than one asic and keep the spare.
they occassionally do deals to reduce the asic price so the random population can buy them and then mine with the hopes that the speculative price(bubble prices) above the support value line is high enough to make it profitable. but no one can predict the speculative price of the next week, month, year
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apple. if i gave you $10 bank note. or 1000 pennies. which would you prefer. if i gave you a 175,000 tonne boulder of gold. or 6billion ounces of gold.
there is a difference between these examples and bitcoin. [1]if put 10x 0.1 BTC together i get 1 whole bitcoin and it is the same thing as if i have received 1 whole bitcoin. [2]there is no way of melting the pennies or the ounces of [3]gold together and get the bank note or "boulder" [4]and breaking bitcoin down to smaller units is possible but it is not for now and possibly not for many years. it is for a time when 1 satoshi has enough value so that 0.1 satoshi is also worth something meaningful. right now it is worth $0.000075 let it reach $0.01-$0.1 then we discuss whether to do it or not. [1] actually you dont get 1btc if you put 10x0.1 together input cost for 10 inputs means the tx to make a combined value wont give you a whole btc (TX fee, remember) [2] melting pennies to make bank notes?? how about going to the bank and asking for a swap. much like needing to give a signed tx to a pool to get it confirmed and have your UTXO's swapped for an combined amount utxo [3] you can melt gold and make a gold boulder [4] go check LN millisats are already been discussed and concepted, and soon the devs will have to include it into the onchain protocol to not cause rounding conflict of users who disagree on the channel value (yep already discussed and concepted) but the point is. sharability gold can be broken down into grams and dust. which is why people care less for gold. people dont realise there is more gold in their home than they would find in a ounce coin. but cant be assed to sell it because its all broken up. thus they dont value it the same as an ounce of gold
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this sounds to me like a mathematical confusion.
1 is equal to 1.0 = 1.00 = 1.00000000 and = 1.00000000000 in other words when you add zeros after the decimal point you are not increasing anything you are just breaking down the same thing into smaller parts. and more importantly you only do that if you NEED it. not just for fun out of nowhere!
oh by the way. in bitcoin things are counted at code level as satoshi's and then multiplied by 100m to then at the user GUI side represent 1btc so its not actually 21million units of measure limit. its 2.1quadrillion units of measure. lets think about it this way. maths(not accounting for difficulty variation) says that the final halving would be around 2140 and the last satoshi mined would be 2144 but imagine 1sat could be divided by 1000 suddenly halvings dont end in 2140, and mining for 'reward' doesnt end in 2144 but somewhere more like 2178 in 2144 500millisats in 2148 250millisats in 2152 125millisats in 2156 62millisats in 2160 31millisats in 2164 15millisats in 2168 7millisats in 2172 3millisats in 2174 1millisat also instead of only 21million people having a unit of bitcoin or all 7 billion population having 300,000 units of bitcoin (broken down as satoshi) all 7 billion population can have 300,000,000 units of bitcoin (broken down as millisats)
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this sounds to me like a mathematical confusion.
1 is equal to 1.0 = 1.00 = 1.00000000 and = 1.00000000000 in other words when you add zeros after the decimal point you are not increasing anything you are just breaking down the same thing into smaller parts. and more importantly you only do that if you NEED it. not just for fun out of nowhere!
rarity if thre are 100,000,000 people that want.. an apple. but there was only 1 apple. that apple will get auctioned off for alot of money now imagine slicing that apple into 100,000,000 slices. now everyone can have a slice. no need of a auction, no war,, no conflict, no out bidding. everyone gets a slice. because everyone has one. they realise its not as special as it was. because its not rare. there are apple slices everywhere word it another way. if i gave you $10 bank note. or 1000 pennies. which would you prefer. instant reaction is $10 bank note. because you think that most merchants wont accept 1000 pennies off you because of the hassle of counting. then your logical mind kicks in trying to tell yourself they are both equal and worth the same then your greed mindset kicks in and says well although they are the same. if in the world there were only 1 bank note or 1000 coins. which would gain most profit to resell at the highest price. .. if i gave you a 175,000 tonne boulder of gold. or 6billion ounces of gold. which would you prefer you say they are the same.. but deep down, really think about it.. are they
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trying to translate what you said into better english. it sound like you had BTC but someone gave you an address. you moved the BTC to that address. but because the other person was looking at BCH they did not see the funds arrrive.
the solution. if the translation is correct is this: the person who has the receiving address has a private key. the private key for BCH is the SAME for BTC.
so ask the receiver to download a BTC wallet and put the private key into the btc wallet and they will see the btc.
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firstly bitcoin 2016: never dropped below $300.. bitcoin 2017: never dropped below $900.. bitcoin 2018: never dropped below $6000 stop thinking th $20k is the norm and that anything below it is a beat down. flip your mindset and treat anything above $6000 as natural growth ..
secondly for emphases. ther is NO downward spiral. the $20k was a bubble fluke of vapour speculation that didnt last long 99.9% of the community cannot use that $20k price for anything meaningful. $20k was not "value". stop with the mindset of if it aint $20k+ then its negative. ..
thirdly illegal manipulation of markets is only the process of exchanges with 'ghost' accounts(spoofing) with database balances made up of numbers that were not credited due to any deposits. inshort the value of those accounts are not real. but they then make orders to effect the price.
summary. i do not beleive illegal manipulations has occured. instead there has been some psychological trading techniques which have nothing to do with spoofing/illegal manipulation. id say its 'emotional manipulation.. not illegal manipulation. because most exchanges would get their wrists slapped if they allowed spoofing
i just feel that day traders are just grabbing coins while at the bottom. making their 1-10% and then selling and rinse-repeating. ... the price is not being 'beaten down' its just stagnant, without speculative bubble hype. and staying around the real underlying support area of $6k-$9k where traders are making profits in the middle. the support area of $6k to $9k can be found using chart data and maths, to show the 2 main causes of the support area. known as 'cost of obtaining' which are. mining cost and buyers remorse where no one is foolish to sell below the cost it took to get the coin n the first place
again for emphasis. emphasising my first point at the top. the price is not being beaten down. if anything its stagnant/small growth from $6500 and natural profiting movements up and down.
that said ther was emotional manipulation in the winter of 2017 where it went upto $20k, but that manipulation is not really happening right now. and i beleive was never due to illegal spoofing
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devs are already thinking of changing the limit of sharable units of measure. which makes btc less rare
EG no one cares about tonnes of gold and that there are only 175,000 sharable units of tonnes of gold. instead people see that there are 6 billion ounces of gold. and given time people wont care about ounces and instead care about grams of gold because people think its not fair that not everyone can have a piece gold as there is not enough ounces per pereson
same with bitcoin. people are not caring as much about the basket number of satoshi's called a bitcoin. people are already only buying part units of bitcoin, rather than whole units of bitcoin services and exchanges are already moging to measure of 'bits' (100 sats) because of reasons of price and the hate of measuring in multiple decimals.
but as the price goes up the even measuring in bits wont be adequate, which some core devs are already wanting to add millisats(1000th of a sat) as an option of the future. its already being concepted in the alphatest of LN
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bad idea on 2 fronts
firstly. trust trust of the private key would be lacking
secondly. anonymity needing to deliver something to someones physical home address would lack the anonimity
.. people can create their own paper wallets. so no need for a third party to create it. and no need for a third party to deliver it to a physical address.
im kind of smelling a rotten fish here. and it smells like the OP probably wants to scam people and know they wont report the OP because that then means the anonymous person that doesnt want government knowing they are investing in btc. to have to admit they are involved in btc to a government agency to report a loss.. so knowing that. the OP can happily scam and not get reported because the victims fear government oversight more than the loss. so wont rport the loss
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the OP is not actually trying to offer anything new to bitcoin. he does not understand there is a solution to th OP's empty issue. QR codes solve th issue of lengthy public addresses.
all the OP is actually doing is pretending their is an issue to then offer his logo scheme as a solution. but as others have said there are not enough logo's in the world to cover all possible public addresses, so his scheme has no sustainability.
probably wise if he spent a bit more time learning and find real solutions to real problems rathr than grab the first thing he doesnt understand and then try going on a money grab
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the best thing would be a fee formulae
whereby your penalised for wanting to spend funds as soon as received. and wanting the funds to be confirmed quickly when respent
firstly it uses the age of the coins to be spent
if coin-age under 144 confirms. 144sat minus coin-age so if the coin you are spending is only 1 confirm. you pay 143sat/b.. if the coin is 10 confirms(~hour and 40minutes old) you pay 133sat/b if the coin is 144+ confirms(a day+ old) you pay 1sat/b (worked out by the protocol, no user decision required)
secondly the user decides how desparate their next spend needs to be confirmed starting at 1 sat if a person doesnt care when during the day it gets confirmed. but then goes upto 144 sat if they want it in the next block.
thus if they receive a tx with 1 confirm and they want to instantly spend it in the next block it can cost them upto 288sat/b, where as if they have funds older then 1 day and they dont care if it takes a day to confirm, they only pay 2sat/b
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but BTC did crash. 2013 leveldb bug.. in 2013 btc merchants literally stopped trading/accepting payments for hours, and worried about risks of double spending and if things would ever go back to normal.. (it eventually did go back to normal hours later.. but lets not pretend the event didnt happen)
i personally have a large hoard of coin from as far back as 2012. so dont get me wrong when i point out the reality. but trying to use an event and then over promoting btc and underpromising it with lies wont actually make people trust or desire btc. its far better to be brutally honest and get people who see the benefits of it. than to be shady and misrepresent it
i see many times thos that over promote btc are usually the ones waiting for their time to exit btc and run back to fiat in profit. not caring for the longevity/features/benefit of btc. and only looking for fiat profit. whih doubles the shady nonsense approach they try
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scam
just check out post history. jon and sosk are the same person posting in the same topics but acting like one just informed the other of something new.. such a lame attempt. too obvious. thus reporting.
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I don't even need to take some research out of this one, Africa is bitcoin-friendly one of the best countries to invest your bitcoin in, also one of the best countries to buy and sell bitcoin, Africa has made a great decision, I think that their economy would boost in the upcoming years and especially since you can now pay your traffic fines in bitcoin here in Africa I'd definitely see the growth of this country in the next 5 years as bitcoin develops I am also sure that Africa will develop also.
maybe you should do some research many places in africa, the wage is the equivelent of 5cents an hour. meaning just for bitcoins tx fee is an hours labour.. however, other currencies have peeked the interest of africans. where the fee's are negligable/non existant, thus more beneficial for the unbanked/low pay communtities over there. i have personally sen it how africans liked bitcoin early on and i sen some good adoption occuring. but then 2013+ those same people started to hate what bitcoin was becoming and adoption declined. now they are looking into other coins. also as my other post said. this topic is not about a government agency adopting bitcoin but a individual middleman grabbing peoples bitcoin and then him paying off a fine. the government agency probably has no idea bitcoin is involved at all
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A government agency accepting bitcoin is a good news for the community
its not a government agency adopting bitcoin. its not a countries public officials adopting bitcoin
its a private individual accepting bitcoin and then that private individual paying the fine on your behalf using fiat. damn these word twisted stories trying to confuse the reality, just to make things sound better.. the problem is when people do the research and find the truth they start to see all the gimmicks and lack of a "real revolution"
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things to do 1. check if the ICO website is publicly listed. by this i mean do they register a real office/contact address or are they hidden behind virtual mailboxes and proxis
2. some say they offer insurance and other regulated features, yet if you check financial agency search services, nothing is found
3. check if they ask for set amount/goal... but then dont supply information about how the funds will be spent. basically if they cant explain how they came to the goal amount then they have not planned/envisioned the project. .. they are just trying to grab money
4. look at the 'white paper' to se if its even a white paper or just a copy and paste job of another project but still lacks talking about the specifics.
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though there are many asics under the control of humans who can switch them off. there are some asics that are set up to run and reboot automatically, that are powered by renewable sources thus they dont really get a bill which means that a electric company cant just switch them off either. so mining wont stop(theoretically).
what will happen is that the hashrate will decrease and those remaining will find they have less competition. initially it will take a little longer to mine a block, but with less miners, means its worth it as they would get a bigger slice of the rward when they do get a block.. but because it takes longer to get a block it would take longer to mine 2016 blocks to get to the point where the difficulty will drop to make it easier to get blocks. in short: expect some slower confirmations for a few fortnights until it finds its natural equilibrium.
also with less cost due to less competition. the miners that remain would be happier to sell for less because it costs them less to mine a block, because they are getting rewards more often. yes they could hoard for profit. but in a scenario of many thousands of people running out of bitcoin, alot of those that remain, will want to cash out asap incase things got worse. EG get their rewards into a functioning exchange at the earliest possible moment
.. what i said above is in a scenario of many deciding to just not mine. but.. greed is a big thing. and if people se there can be nice profit/gap in mining. many will continue to mine. many will start mining. due to reasons that they dont see any immoral reason not to. as its not like its killing anyone afterall
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lesson one never put all your eggs into one basket
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you CANNOT regulate beer, people will always find ways to create and consume and swap beer with others.
you CAN regulate PEOPLE/BUSINESSES use of beer. in which if caught people/businesses could end up with fines. but in short beer will continue to be made no matter what. take the 1920's alcohol prohibition(regulation) for instance(moonshiners/gentlemens clubs era)
now swap the word beer for bitcoin and you will understand
government regulation is not a bitcoin threat. what is a threat is a development control of the code reference. which if too many people only follow one reference point of the code. the network becomes centralised. (spoiler: already happening) yes the data is distributed, yes the private key holding is distributed, but the decision of code upgrade becomes centralised around a core team. distrubuted vs decentralisd are 2 different things altogether
and if then that development is moving away from the 2009-2013 ethos of bitcoin, to move people away from bitcoin and instead into other networks. then that is the threat. (sorry cant innovate beer anymore there are limits, but try this potato vodka instead)
governments dont see bitcoin as an economic threat. to them bitcoins are just assets. like iphones or beer. if you buy a bitcoin/iphone/beer its stil moving FIAT from your account to the fiat bank account of a bitcoin/iphone/beer seller. governments have laws that keep fiat in play, minimum wage, tax, court fines, etc. so fiat is not at risk to governments.
if you are american you still have to pay american taxes in american dollars. if you dont pay taxes but are seen living a lifestyle of someone having income that should be paying taxes you will be fined in american dollars.. the government will still get their fiat. on way or another
in short unless minimum wage/tax law changes, the government dont care what you buy as long as you get paid the amounts that allow them to tax you, it dont matter if its bitcoin, euro, or moondust.
governments do not care about economic impact. the reason for regulation is to make more income via licences. as its free money for them while making businesses police the businesses customers.. in short government gets free money and makes a business do the work
governments pretend that regulations are about consumer protection. yet most regulations are about policing customers by investigating customers. not supporting customers. if governments cared about protecting customers. then they would not push for regulatory licences. but instead consumer protection insurances. regulation vs consumer protection are 2 separate things.
take the housing crisis. banks were regulated. but mortgage holders lost out. banks gained. bankers did not get slapped, they got rewarded. mortgage holders not only lost a shelter but the funds they put into that shelter initially.
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The technology behind bitcoin or bitcoin technology is by far the most innovated technology that is booming. Many companies are trying to incorporate blockchain technology most especially in shipping and logistics. It provides a public ledger that allows everyone to see a record of transactions as it happens.
bitcoin technology.... blockchain technology are 2 separate things. bitcoins version of blockchain technology has not changed in nearly a decade, and the smal changes that have happened in between have not ben for the sole benefit of bitcoin. but to benefit other networks. take an electric engine(blockchain). it could be used in a car(bitcoin) or a human transporting hover drone(other coins) the engine may have developed.. but the car is getting outdated. even though a car is the most promoted vehicle people see. cars ar still stuck with 4 wheels that need to be moved across a road surface. so cars are outdated, even if people promote new shiny cars of glittery paint more people move around with their feet. rather than cars. but the over promise under delivery is that there are more cars then other transportation methods. (reality: cars in america 280mill.... american feet 650million (325pairs of feet)) once people stop caring about over speculating(for greed) by over promoting. just to see a new useless ATH which 99% of people wont even be logged into an exchange iintime to actually sell at the peak. . to instead look at the underlying value (around $6k+ currently). they will begin to see what they can do to inncrease the underlaying value. EG ignore the $20k peak. instead think about 2016 btc never went below $300 2017 btc never went below $900 2018 btc never went below $6000 then think about what needs to be done realistically to keep and grow the support line. and what needs to change to prevent breaking the suport line
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