The problem with voting "Developers" is that miners can (and do) develop their own code.
The problem with voting "Code based algorithm" is that miners get to choose the algorithm.
Adding the choice "Nodes" would make the poll more interesting.
Also, it is easy to say that <insert entity here> should control some aspect of Bitcoin, but it is irrelevant unless it can be shown that <insert entity here> could control that aspect of Bitcoin. Saying that "the community" should decide is meaningless.
if miners could develop their own code why they didn't until now and forked with greater hash their own chain? they know that merchants would not be in agreement and miners don't have many choice when come to algorithm, they are forced to choose sha256 or all their asic will be useless |
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if you had 10 btc prior the network split you would end with 10 BU after the split, but the exchange would still listen it as altcoin
the you just keep mining whatever fork you support, and get your regular profit, you can't mine double the amount if that what you think...
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no shills, i actually hate BU.Just worried and looking for concrete and substantiated feedback for my hypothesis.could you read it and point what is wrong?
The thing is, anyone with 51% of the hashpower can attack the network and kill it -- they don't BU or anything else, or anyone's consensus or permission. Also bigger blocks or smaller blocks do not affect this one way or another. but it's not feasible today to buy tons of petahash just to attack the network, to force a decision, if that the reason behind the attack it's always better for them to mine with that hashrate than doing an attack, the only case where this can make sense is if bitcoin is tanking hard and there is no real profit anymore as a desperate final move a 515% would make sense in that case |
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i was always for dynamic block, but it seems that the core dev don't want anything that force an hard fork, in fact they decided later against the original plan to hard fork anyway to 2mb + segwit
dynamic block would have been a better solution if no bad impact were found with this way to scale bitcoin, maybe they tested and see that there were bad workaround, or bad result
a dynamic block should have worked simple like, "if the network need x MB of limit you give it only that limit for just the time the network need it"
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There are many ways on how bitcoins and other cryptocurrency may end and be die.One of the biggest threats is data base shut down or unexpected huge error on the network.Also demand problems will do a big problem too.I think legality issues will not affect bitcoins and other cryptocurrency.
data base shut down? you know that bitcoin is decentralized? there is no single server that handle or transaction or anything like that you have in mind, and there is no "huge error" on the network also at worst an exploit or bug like in 2010 but the code was still too fresh back then and dev were still learning, doubt something like that will happen again...and again legality issue will not kill bitcoin unless every country declare it illegal and put you in jail if you use it, which will never happen |
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yeah i'm also in the club, not that hard with current profit from altcoin LOL, 21 btc. That's what most of the old time miners earned their first few days or week of mining. There's a ton of people around here that have a lot more than 21 coins.
you mean few hours, in few days, in the past you could make 1000 btc i remember, with just the cpu, and with the advent of gpu it was still very easy to earlymine tons of block but many other have still mroe than 21, not because they earlymined them but because of altcoin, which still deliver a good amount even today if you are lucky... |
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not all coins are dumped, soem of them retain their pump and keep going higher, only the big one have been dumped hard so far
it was so clear that the money from bitcoin when to ETH and DASH, and for pumping again bitcoin you need to dump those that had an emission which was pretty crazy
ethereum for instance had 1300+ btc produce per day, this is almost matching the entire btc mining production...
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if i can suggest you one brand, buy palit super jet stream, they are the best one, fabulous cooling and very silent, also hash faster than other with same setting(core clock go higher), thanks to an additional 10watt
unfortunately they cost a little more than the average
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orphan block are block that go out of the blockchain and are not valid anymore, usually happen when two people or more find a block at the exact same time |
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you mined in pool? you don't get the full block in pool even if you are the one that solve it and it can't be an orphan if you got 10% out of it... |
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even if the code is modified it need to be run by the miners/everyone else, and miners/everyone else don't run bitcoin code that are node checked first
there is no way someone could silently change something without none noticed it, because everything is open source for a reason...besides that if you run a modified code without consensus, you are effectively running an altcoin
usually they say that bitcoin is centralized, when referring to the mining aspect, because almost all miners are chinese big farm
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i'm a bit biased but here i always go with bitcoin, it has an enormous potential for the future, people can't think about it now, like it was not possible to think about it when bitcoin was born
but it's the same thing, only a matter of different digit number that will be seen as a result of the greater usage of bitcoin, that is ahead of us
i would not choose any other thing currently, to invest in, bitcoin is all the way for me, and its decentralization prevent it from dying(in value) actually, many haven't realize it yet...
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$1100 was already broken, by opening kraken tab i see that the high was $1108, next point would be definitely returning again at the previous peak
i think the community is removing the "FUD from their shoulders" and return to buy happily, this despite the fact that BU is increasing in support
all this confirm that the fud were just a way to manipulate the market to buy cheap coin, maybe done by the miners itself
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sure it's not that good anymore, if for profitable you mean mining few mbtc a day, which i find it a waste of time and money, and can only be considered good for introducing yourself in the mining world maybe... wan't the jalapeno the first asic for bitcoin or i'm missing something? i remember all the drama and scam about BFL |
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so i wanna know do i realy have to pay taxes on bitcoins and does my gov recognize bitcoins as my property and do i have to care about any legal action by gov on my bitcoin property ?
Here in the United States Bitcoin is classified as an “asset” meaning there are no taxes for receiving Bitcoin, however you are taxed when you exchange Bitcoin for USD. Of course it varies from country to country, and OP didn’t state where he’s from. you put in a way that to me sound like i can use bitcoin(not dumping for fiat first, just use it on various website) in USA to purchase what i want without paying anything is this correct? if this is correct, the taxation of bitcoin can only do good and incentivate the usageof bitcoin, instead of relying on fiat all the time |
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it depend here what you refer to secure, if you refer to local wallet versus website wallet it's entirely on the owner of the wallet to make it secure versus, instead the website could be hacked without the possibility for you to do nothing
if you mean secure as encryption speaking, bitcoin is the most secure, on par with any system that use 256 bit, you can also compare swiss bank to xapo, which is more right here and not to bitcoin itself, since bitcoin is not a bank but a decentralized system
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Yesterday, I was talking with my friend that he spends a lot for Bitcoin Transfers for fees.
Using BlockChain that cuts a lot of fees which is necessary but unnecessary for me like peoples. who does little transactions and cuts a lot fees.
What is Bitcoin Network Fee?
Bitcoin Network fee is charged by miners who mine the BTC's and they take this fee for confirming the transaction. I didn't found instant confirmation yet anywhere but Coinbase does it faster than Blockchain I guess.
Anyways, you have to give fees if you use BTC.
How to get rid of this fees?
There's no way! Actually you have to pay the fees in order to get your transaction confirmed.
So this is a necessary thing, but some Service Providers pays the fees from their pocket or take it from zero fee confirmation. There was Coinbase before years doing this to gather new customers.
Today... I want to introduce XAPO Service which is same as Blockchain, Coinbase and let you send BTC's without fees.
I started loving it since I use it. The way of their website security is high, they use bitpay api & block.
Note: XAPO is old and I'm newbie, There's nothing to manipulate if you know this already.
I'm not promoting any affiliate or referral, just came to share what I found. Shearing Is Caring... My New XAPO BTC Wallet: BTC 3JF19reYGAaowUnQa123rRSUNR82axRQU9 Since it is free, does it confirm early? it's not entirely free, in the sense that they pay the fee for you, and yes it's usually confirm fast, it's not different than when you withdrawn your money form any exchange in terms of speed but in that case you pay for fee, now that i think about ti there are exchange that are very fast in sending you the coina nd only spend 20k satoshi... |
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a 1070 is better than a 1080 on cost/watt/hash ratio, why you choose the 1080? for density?
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just remember to not compete against yourself or you would lose money, it's the reason why big farm can't mine small coins, but they can still point few rigs to those small coins...
so the answer is no, your total hash should not be way above the net or you are losing money, usually above 50% of the net you are already competing against yourself
but if the coin you are mining give more than other coins you can keep mine that coin, it depend on the profit also
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someone can pull off a miner for this? https://bitcointalk.org/index.php?topic=1796036.0 it has a decent daily emission, 30k satoshi for 7200 coin a day, that is more than 2 btc daily, only amd are mining it right now it's a modified equihash that need 8gb of ram to work, if a miner can see the light for nvidia, would be better Hell, Amphi. Will you ever come to your senses?Which benefit have you what heralding for the Nexus?! You no, but someone who has a big farm nVIDIA 1070 now collects profit. He will give you at least 25% of earnings  ?But will not because he is ordinary asshole. Maybe he will recognize me and attack in messages  .He did not say neither "thank you Amph,my friend". Strong miners will only kill the coin.More miners will not increase the price, but it will make little or no profit to other miners. This is because the coin was still in development and not have strong support and you're now raped coin with big farms nVIDIA 1070. A few days ago hashrate was only twice as high, and mining was unprofitable. Dev does not occur from February. Sometimes it is better to shut up. If you have the money then buy AMD RX480, miners and shut up. i admit nexus was a bad mode, now it's unprofitable, but i can't make a miner for zero i don't have the programming skill, so what i can do here if asking for someone else to do it? better to have the option to mine it than not mining it if you now someone which is a small miner and make private software, that won't kill the coin i'm all for it, and no i can't buy amd just because nvidia can't mine that coin, that's stupid... right now amd is raping this coin, i see the explorer say that there is only 4000 H/S, this mean that very few rig are mining, which mean huge profit |
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