Anyone with money can join the foundation and has a vote. This election is effectively voting with money.
thats exactly how I see it. |
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Ignore the myriads of peple who are going to chime in below me with UBUNTU and ARMORY and etc etc etc. Well dont ignore them if you're highly technical.
The safest, easiest, and most effective cold storage is very simple: bitaddress.org
Wanna be extra safe, download their source files (link is on the home page) to a USB and run the webpage on a laptop that's never been online. Bip38 option. Pick a passphrase. Generate. Print (or write it down, but be careful). Bank Safe Deposit Box. Done.
-B-
Buy a Trezor. Write the seed down and store via Bitt's advice above. I personally think that Trezor is too new and untested for it to be a reliable enough of a way to store large amounts of bitcoin, plus the fact that it has a high price will deter people from wanting to use it Your best bet is to somehow generate a private key on a computer that has never been connected to the internet nor will be connected to the internet until the funds from the private key it generates has been transferred to another address Thanks, for added security would it be at all any value to get a hardware RNG to help with such a task, or the fact it being an offline computer good enough security? |
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No you are buying equipment for X amount of time 3 years to 5 years usually. After your contract ends that equipment will still be there. Add that to the maintenance fees they overcharge you and wala you have profit and with every weeks purchases you are able to gt more and more equipment. There are many ways to set up a good very profitable cloud mining service that makes its members a lot of money and you will end up with a lot of equipment. I am on top in 2 of my cloud mining sites, and i am close to ROI on 2 more, I have also lost on 1 or 2 sites as well as they disappeared into cyberspace. But i always make small starting investments, jump on board fast in time to ride the train to ROI and let the site do all the work for me. If they vanish into cyberspace I usually have gotten my ROI and then some.
But a true honest cloud mining service could be very very profitable to the right investor who knows his shit and can make it work. and this could be a very profitable and ethical business f he sticks it out and plays his cards right. I am actually looking into setting up an authentic real cloud mining service right ow, one that will be here for a long tie and may have the potential to be very profitable to everyone, the owners and the members buying contracts. Hopefully I can get this project off the ground before BTC rises up again, because as BTC rises so does the cost of the mining hardware and right now it is super cheap.
Thank You. I will look at some of the providers to see what I think. |
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Thanks, I been looking for a python script to do this also  |
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Hi,
I would like some advice on cloud mining.
After initial capital I cannot understand the business model of a cloud mining company, surely if you make your ROI in 3 months or something they start to lose money after this period.
why would any company open that knows its going to lose money in the long term? Unless they have an ulterior motive?
I am tempted to try out some cloud mining sites that have been around for a while as It seems easier than me buying some of my own miners but I am putting the trust in someone elses hands.
Has anyone invested a lot in cloud mining and come out on top? Any examples or anyone here who has?
Thanks for any advice
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This looks better than other dicescripts around. I may have to get this one day |
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This is awesome thanks |
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The S5's look quite good and fun!
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no, if you install it as the same user as bitcoin-qt the blockchain will still be downloaded in ~/.bitcoin/ usually or whetever path you specified.
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shouldnt be a problem, just stop bitcoin-qt when you go to run bitcoind as bitcoin-qt will be using the database.
On ubuntu if you have the PPA installed it should just be a matter of installing from apt.
apt-get install bitcoind
or
sudo apt-get install bitcoind
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I made some cash by taking a gamble on some altcoins when they first started up.
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I can see some getting caught once we can track IP's from transactions. At thr current time though no I don't think so.
IP Tracking is a bad idea. That will just push more people on to VPNs, TOR, I2P etc and then every bitcoiner will have a certain range of IP Addresses, finding someone will near impossible then. |
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Thank you for all your helpful replies and links to the most relevent topics
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Hi, I have read some reviews on site and had a look around for info, There is plenty off it but so many mixed reviews.
I am wondering the best way for cold storage? What is the safest way?
I was personally thinking about just writing down the private key on paper and ensuring that I dont lose it, having a copy at my house and a copy at my parents (who know nothing of bitcoin) and deleting the digital wallet, This way my coins can not be stolen by some scammer.
Does that sound like a good option to people. As I am just hoarding my BTC until the price goes up and dont want to spend any.
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This is a great idea I love Minecraft. |
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HAHAHHA!! You all expect them to do anything?? They won't. The only thing they will do is take your money for software that don't work. They done proved that. Still awaiting my refund
- snip -
There's my address incase you forgot it again. Keep deleting my posts. I told you I will not give up.
What is your/the problem with this software? is it not open source and free? |
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Worth looking at the fee's also, there are quite a few high fee pools out there and quite a few 0% fee pools out there too.
p2pool node seems the best option
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