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Very impressive roll out. Probably a good thing you set up shop on a platform that does not accept bitcoin I would rather spend dollars than bitcoin:) Glad I snagged some 50 mBTC paper test notes before they sold out.
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Can someone explain this fee per byte setting because I used higher fees (.00021)than this person but my fees per byte is very low while btc transfered is about .14btc
his is
Fees 0.000096 BTC
Fee per byte 50.262 sat/B
Estimated BTC Transacted 0.076904 BTC
mine says
Fees 0.00021 BTC
Fee per byte 25.83 sat/B
Estimated BTC Transacted 0.146 BTC
and its been 3 days without confo???
If you are not going to use a wallet with good dynamic fees you should be using .0006 fee for all your transactions. Submit your txid to https://www.viabtc.com/tools/txaccelerator/ |
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From now on use dynamic fees in Electrum and set the slider to HIGH always.
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The steady growth is very nice. What are the next targets to get excited about, $1500,$2000?
$1800, $2800, $3800, $4400.  |
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Perfect! Thanks! I turned fee slider up to the max on electrum. One may think that would be large enough.
I switched it to dynamic so i should be good in the future. thanks again
No problem. Electrum does a very good job of estimating fees so you get confirmed quickly without spending too much. |
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Electrum has an option to enable dynamic fees, you should set the slider to high. You can't count on the ViaBTC accelerator to fix your mistakes.
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Use a wallet like newest Electrum and enable dynamic fees, set slider to high. Alternative is to pay .0005 fee for every transaction if your wallet does not support dynamic fees. Using Electrum with fee set to high I have never had to wait more than an hour or two for a transaction to confirm or paid an unreasonably high fee.
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I would avoid Multibit HD. I started having problems connecting to the network, had to turn my firewall off even though I had added an exception. Then my virus scanner decided Multibit HD exe was a virus, had to turn that off too. Even with all my protective measures nulled the damn Multibit HD was still hit and miss. Could not trust it. Electrum has been rock solid. I got all my bitcoin off of Multibit HD and deleted it from the laptop, good riddance. Hope this helps someone else avoid this POS wallet. There are better choices.
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Might have a hard time selling with a cracked slab you can send back to ANACS for reholder for $10 |
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Breadwallet on an Android phone (needs Marshmallow or Nougat OS) is most secure because it uses protected hardware storage.
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The chances are the ETF if ruled against is done so before the 11th right? I mean, if it makes it to the 11 th without a ruling, it's probably going to autopass. Is this correct?
That is my understanding. If it is not rejected officially by the 11th, which is a Saturday, it will pass by default. Pass by default for an S-1 filing has never happened before. It would be a first if COIN is approved by default. We are also down from three to only two SEC commissioners at present who make the decision. If they have any doubt I think they will protect their jobs and just say no. |
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I really like the looks of the 50 mBTC note you are selling test prints of on the website. Have you considered a numbered production run of those notes?
Good point, I might actually try to make some. I was quite surprised how well these well selling. But I've been transparent as to the idea behind them so I'm suspecting that people are actually helping me get this company off the ground quicker  . EDIT: I just realised you may be talking about producing them in polymer. For now I plan to stick to producing the first series from 0.1 up to 1BTC, those will be made after that Yes, I did mean going forward with the 50 mBTC notes in polymer, since the artwork appears ready to go and the demand is there. |
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I really like the looks of the 50 mBTC note you are selling test prints of on the website. Have you considered a numbered production run of those notes?
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So, currently in electrum, the recommended fee to get a transaction included in the next block, is 0.001835 BTC/kb. Thats 1.85$ PER KILOBYTE.
Now, to be fair, that is the recommended fee to get the transaction as soon as possible, but think of it this way:
I go to buy a cup of coffee and want to pay in bitcoin. I pay them but need to wait some time for the transaction (obviously the coffee shop would want to receive a few confirmations on the transaction so they're sure I don't leave with a free coffee). Lets say I pay a high fee to get the transaction done soon, for this example lets say I paid a 1.85$ fee (and remember that is the recommended fee is per kilobyte, that's not the recommended total fee), now I've got to wait like 10 minutes and pay a dollar or two just to pay for a coffee with bitcoin (and remember that a few dollars is a high price to pay as a fee to buy something for a few dollars).
And this is in the current network. In order for me to pay for a coffee with bitcoin we'd probably need the mass adoption everybody seems convinced will happen. With mass adoption mean WAY more transactions on the network than now, and I feel mass adoption would cause the user base to grow much faster than the network (most of the people using bitcoin now are probably good with technology and would consider mining or hosting a node, if everybody joined then we probably wouldn't have a user base like that). Think of the kind of fees then.
I'd think that this should be a problem that is on the minds of the developers, and it probably is, so, what's the plan? Or perhaps there's already a plan coming to action and I'm just unaware of it. Anyway, please elaborate on this.
Have you read the Bitcoin Capacity Increases FAQ published by Bitcoin Core? Segregated Witness will double transactions per second all miners have to do is upgrade to Bitcoin Core 0.13.1 or newer to signal a yes vote for SegWit. Bitcoin Unlimited supporters are trying to block adoption of SegWit so it is a political football unfortunately. You could already be enjoying lower fees if miners would just adopt SegWit. |
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SOmeone already mentioned Electrum and I can't recommend any better wallet than that which you can use in all three clients. Combined with the mycelium app in android and for IOS. Other than electrum there are only web wallet like blockchain where you can use in all three.
Can you use the same wallets with Electrum and MyCelium? I know in theory you can have them generate the same private keys, but is that actually working? Someone please correct me if I am wrong, but I don't use MyCelium (it would be great if it worked for me) because it doesn't support Trezor password technology. On my Trezor(s) I use many different wallets created via numerous passwords. Has that changed, or am I still "out" because of passwords? You can use your Trezor with passphrases on Mycelium see https://www.buybitcoinworldwide.com/kb/trezor-mycelium/ |
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Just an opinion here, but a Trezor with NO password (different from the PIN) creates a wallet that would be a perfect place for a decoy wallet! Put a fraction of a coin or a few coins if you have large wallets, and then you have a perfect "out" if someone demands you open your Trezor. There is no evidence of any other wallet unless the passphrase to access it is known. Perfect stealth.
Trezor has been recommending this approach in advanced settings under multi-passphrase hidden wallets. |
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Received before tracking said was expected, minerjones ships fast! Notes look fantastic and the packaging is top shelf. Guys you really should buy the holders with the notes. Everything fits just so inside the trifold brochure.
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so I am really interested in the market of bitcoin and wanted to get in it. But since mining with your pc is usless I wanted to find a good asic for the price. My electricity is dirt cheap at only 0.6 per kilowatt and I dont care wether it is usb powered or and actual machine, I have 400$ to spend.
so what I am asking is for you the community to help me find a somewhat decent asic for the price Thank You.
Do you mean $0.06 per kWh? You might be able to ROI in a year with an Antminer S9 if you could afford the price and handle the noise. You are better off having the miner hosted at a colocation facility with cheaper power. SinoHash in China only charges $42 a month to host an S9. |
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