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that doesn't make bitcoin bad, everyone is free to use bitcoin, and you can't deny them no matter what they are or from where they come from, this is also part of the decentralization
what matter is that they don't see bitcoin as a bad tool only because bad guys are using it, the same terrorists can easily use cash or electronic payment, therefore the problem are terrorist not what they use
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it depend on the country really, some country are accepting it as a currency like japan and i fact the volume of trading there is the higheest, other country are too stabborn and still see it as a illegal thing for cp and terrorism etc...
if everyone was like japan we could have already an adopted bitcoin on a large scale, basically it's all up to the government not to the users like i was believing in the past
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probably fake and it doesn't make sense, if anyone use that boost it's like they are doing nothing, and the result would be the same earnig as before also the only boost you can get is by adding or having better hardware, via software there is no optimization that can be done anymore on the mining scene just look at this https://bitcointalk.org/index.php?topic=1843662.0, cgminer for bitcoin asic, is as optimized as it get there is no room for anything |
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some times some miners could validate your transaction even with lower fee, just to round up his earning from transaction, if he had a few that day but that is luck
normally the higher you put the fee the higher the chance to confirm, and this is the reason why the fee is so high, the users are deciding the size of the transaction not the miners
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What other coins are profitable to mine with 1060/1070 besides zec
lbry is better than zec |
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As you can guess from the title, I've made a benchmark list for Equihash. I've gathered info from bitcointalk and the Zcash/Zclassic chats/forums. The list is not yet complete (it will most likely never be since the miners get updated so often and plenty of new cards are coming up this year). Much of the data is being hard to get without first hand experience but I managed to gather some, this is the list at the moment: https://zdeveloper.org/wiki:zcash_mining_benchmarks I'm waiting for corrections and updates. Maybe it will helps some people decide which cards to get next time they assemble a rig.  Most power efficient (Sol/Joule) cards: AMD RX480 Sapphire Nitro+ OC 8GB 305/140 = 2.2 NVIDIA GTX 1070 - 8GB 450/100 = 4.5 Shockingly, Nvidia is more than twice as efficient... 1070 is also about twice the price. I doubt hard its twice the price. I bought my GTX 1070 in europe for 335€ and RX 480 costs 220-240€ dependent on the brand and model. So 100€ more for better efficiency and resale value. 335? what model? i'm not aware of such a low price for a 1070 maybe reference, but they have shitty colling, i would not bother |
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i don't know how strong is the autorithy fo that guy, but a sinlge member of parliament can't do much, without the approval of the parliament council, what he is doing is only a proposal
untl farther decision it count as zero, and will have no impact on bitcoin, i remmber other case like this where some parliamentarian were against bitcoin and expressed their opinion to see it banned, but nothign happened in the end
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As you can guess from the title, I've made a benchmark list for Equihash. I've gathered info from bitcointalk and the Zcash/Zclassic chats/forums. The list is not yet complete (it will most likely never be since the miners get updated so often and plenty of new cards are coming up this year). Much of the data is being hard to get without first hand experience but I managed to gather some, this is the list at the moment: https://zdeveloper.org/wiki:zcash_mining_benchmarks I'm waiting for corrections and updates. Maybe it will helps some people decide which cards to get next time they assemble a rig. Most power efficient (Sol/Joule) cards: AMD RX480 Sapphire Nitro+ OC 8GB 305/140 = 2.2 NVIDIA GTX 1070 - 8GB 450/100 = 4.5 Shockingly, Nvidia is more than twice as efficient... Nvidia truly beats AMD when it comes to mining Zcash, but lacks efficiency in Monero and Ethereum (except for those special cases where people have developed some very efficient but private Nvidia miners). With these settings it's more like 140-150W. I have 2 x 1070GTX and with -150 CORE and 70% POWER LIMIT I have about 110W/card @ 385sols/s. you are doing something wrong, i have 416 sol /110 watt or less |
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i can't understand the point of that list, sincerely here you have an easy list of countries that consider bitcoin banned https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country(only 2-3 of them), the one that does not are the one that use bitcoin for trading bitcoin is already around the world, even in africa they trade bitcoin, therefore your list is not accurate and a bit pointless |
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Its was far more disturbing when asics first came online, i regret that pow change didnt happen in start. I know a lot of people have they money
in asics and for that reason dont want algo change, but as it is, whole bitcoin community is in the hands of few asic producers, which is one of the worst scenarios possible.
If we could restart, how would you change it to prevent centralization? Centralization is largely due to low cost power, ASIC's and access to ASIC's aside. asic are indeed the culprit, and always lead the centralization, because when you have something that hash so fast and can be produced by the same company who hold the big farm, you now that this is not decentralized anymore cpu coin are also bad, and worse than asic, because a random dude could use aws instances to own a large amount of hash in no time and centralized the mining activity the only good solution is always and only be the gpu mining, and to prevent asic indefinitely you can just change regularely the algo, maybe the code need to be done in a way to not force an hard fork everytime you want to change the algo to prevent asic mining |
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i'm also interested in this, as it is now no country is taxing bitcoin directly, but i read here and there that maybe in the usa, they are finding a way to tax bitcoin directly, by tracking the activity linked with coinbase
still this leave plenty of other ways to use bitcoin that are not linked with coinbase, like mining them and sending to openbazar to purchase what you want
and because tracking all this is simply impossible, i believe that in the end bitcoin directly usage will be only half tracked by the government, or at best only for big purchase
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all of bitcoin features are still true and none of them have changed.
- it is still decentralized
- secure
- cheap
- not anonymous but keeps your privacy to some extent.
- and you can still use it for payment even more so than before since there are much more places that accept bitcoin.
we can say that is more decentralized than anything else but not exactly decentralized it is more secure, but on par with everythign that use the same 256 bit encryption well chep is not so true anymore, sending $10 and paying $1 is not what i call cheap, that is 10% of your transaction, paypal is only chargin 3.5%.... for now bitcoin as the advantage over fiat on taxes, because apparently there is no country that tax your coins directly, therefore if you use bitcoin as a currency you can legitimately avoid tax which mean more money for you |
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Gosh... the rate is extremely high at CAD$1820 per BTC (CAD$20 for 0.01099BTC). Current rate is only around CAD$1520!
probably it's done to cover the machien maintanance, basically you are actually paying a fee to use that ATM, nothing is free in this world at least it's nice that it doens't require your ID scan or something like that, but i'm afraid they can track you better with ATM, that's one of the reason why they are building those |
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i have all my wealth in bitcoin, actually it's the opposite, bitcoin gave to em all the wealth i have now and never bought a single bitcoin, all mined, or acquired in other way
there are definitely people that can live with bitcoin alone now that the mining profit is very high, but this was basically always true
still some thing need to be bought with fiat, like food for me
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Every money that goes into altcoin is pure speculation.
Altcouins are backed up by nothing. Bitcoin can be used as payment, but i do not remember that I have seen more than two shops accepting a any other coin than bitcoin.
That's why I think sooner or later the money that goes into alt will go out of it again. Maybe into btc, maybe back in fiat.
altcoin offer an easy way to have more bitcoin, therefore there will be always money in altcoin, proportional to bitcoin maybe no one noticed, but the whole altcoin emission per day is around 1800 btc from mining, which is exactly like the bitcoin amount of coins per day, a coincidence? i don't think so it's like we are still stuck at 25 btc per block as a reward, basically there are the same money as before in crypto or slightly more |
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LN isn't a separate blockchain. LN BTC are real, same BTC as BTC you are transacting today. Say Alice and Bob have a bidirectional channel. For outside world the channel looks like a 2 of 2 multisignature output. Both participants of the channel, as well as other interested parties, can very easily check existence of that output. If the output is gone, so is the channel with all it's funds.
LN's Code is nothing but a fancy series of Time Locking scripts.  An LN Hub can place a time lock on any Segwit Infected Blockchain coins. Meaning if BTC & LTC vote yes for segwit (doubt it) , you would be able to lock BTC or LTC in place on their respective chains. LN is nothing but some code that lets you time lock the coins Onchain so they can not be moved. LN Notes are like Bank Notes, completely worthless unless someone is willing to trade you something for it. LN transfers happen Offchain , so their is no verification by the actual blockchain, that what you are trading for even exists, until you cash out. When you cash out , then and only then do you find out if your coins were counterfeit or stolen before you tried to remove them. Until that point you are trading Fake Notes, because they only prove to be real notes, if their is a payout of the value it is representing.  putting LN like this make it sound like sidechain isn't it? sidechin are also worthless until the proper amount of bitcoin are locked, for that particular chain and you cna use that value on that chain now are they abandoned the initial idea of sidechain for LN? what i don't like about the LN is the centalized HUB, they want to get rid of possible centralization that major block would bring but then they want to go with LN... |
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The government thru any agency just like the IRS can get too creative to find ways to have some share of what we are earning. Tax evasion can be a serious charge and if we are earning some money via Bitcoin and we don't declare it then the government can act on that. This is exactly what the IRS is doing against Coinbase as IRS is demanding to have an access to the company's database to see those Americans who have never declared their Bitcoin. No matter how we may proclaim that Bitcoin is anonymous and it is beyond the control of the government, the reality and truth is that the government can find a way most especially on taxing us. And making enemy with the government can be a terrifying thing.  Even if the transactions of Bitcoin were anonymous, what they would want to be taxing are the conversions to fiat currency as that's what governments control and deal with. Generally there are successful if it's into digital fiat currency (e.g. into a bank), and maybe it'll become harder if cash becomes less common due to the introduction of (perceived) improvements in banking systems. i heard here that they want to tax directly bitcoin eventually, because bitconi can already be used as a currency and those are using it like this can in thoery avoid taxation to do this they said that they would track the transaction that go to some of the shops that accept bitcoin as a payment i'm not entirely sure if this si true, but if they don't want people to evade taxing only when dumping for fiat is not enough... |
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he can't be worth that much even accounting the 1M coins he mined, which was then discovered to be only 200k, but need further notice on this i can't believe anymore the crap anyone is shooting here too much nosense by paid shill...
he can only reach 1B+ with 1 million coins, maybe they are giving a value to what satoshi was and what he have done with bitcoin and all, which is a different story and can e seen as an award
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now that is a good proposal, which will not lead to any kind of more centralization, and if you think about it it's not very different from dynamic block
without directly change the main one, i'm more curious about how it work more precisely, they are a bit too vague about this or they can't explain it well
also there is some confusion if it need segwit or not? can someone more competent explain well this part? and why it need segwit?
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PoW has nothing to do with blocksize.
Dude you really don't understand the math of propagation. That is an idiotic claim. Without verification of transactions in the prior block, PoW can't be safely devoted to mining the next block. Scaling of block size is all about the fact that all miners have to verify all transactions. Which intimately tied to PoW. If miners start trusting other miners by reputation instead of verifying, then you no longer need PoW. You can based the consensus proof-of-maximum-trust, i.e. trust is centralization. then miners like antpool must be stupid, seeing how they signaling for a straight block size increase without knowing this or maybe what you are saying it's not 100% correct or partially missing something no one still have correctly explained without flaming and be pretentious, why simply increase the block size MB do not scale, unless "scale" doesn't simply mean having more transaction per second |
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