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17901  Bitcoin / Bitcoin Discussion / Re: The fees are crazy, 420 satoshis/byte, WHY? on: May 17, 2017, 10:26:58 AM
It's at 450 now but bear in mind this is the estimation to very likely get confirmed in the next block... the median fee is half that and still gets confirmed in hours (yes, I can't believe I'm thinking hours is reasonable now but I actually am getting used to it).

To be fair, my largest txs are all around 250 bytes or so... after learning to keep em small. So I'm still paying a pittance in terms of %.
17902  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [BRO] [WEBRADIO] 😍 BITRAD.IO 😍 - ICO LIVE - Stream diffrent - Webradio on: May 17, 2017, 09:24:42 AM
Why there is no conclusion? I'm waiting for two days!

If you're asking about payouts, then just be patient. I'm not entirely sure how the system works but at times, I notice hourly payouts but at other times I've seen even a two-day gap before lumpsum payout. I'm not concerned anyway since at current price I am earning perhaps 4 cents a months haha. To the moon, they say!
17903  Bitcoin / Bitcoin Discussion / Re: We are paying miners $5000, undeservedly on: May 17, 2017, 05:40:36 AM
No, Satoshi thought about increasing the block size few months after end of 2010, but now Core devs and Bitfury are blocking this.

Satoshi made the block reward smaller every 4 years until 0, so the transaction fees are designed to be more and more of the total % of block reward.

Of course maybe not so quickly, but this is unavoidable over time

I just had a thought. If a group of miners, very late in the latter stages were rewards are negligible, realise that if they're the only ones accumulating coin from fees, and if they decide never to spend it, then the coins in circulation get fewer. So price can only be driven higher. Even more so if miners decide to simply ignore txs with fees they deem too low.
17904  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] ►►►PumpMyCoin Community 2nd Pump is after 6 DAYS◄◄◄ on: May 16, 2017, 05:05:35 PM
Wow. I had been waiting quite curiously to see the results of the first pump. I must admit I thought it would go well, seeing as I actually found out about PumpMyCoin from a link (Personal Ad, if I recall) on a very trustworthy member of this forum.

OP, it would seem that you did not organise this pump well. Everyone needed to be on slack BEFORE the pump. You should have advised ENTRY price and proof of the trades that you made as well. This will be the only way to convince people you did nothing dishonest.

Let's see you organise pump 2 better.
17905  Bitcoin / Bitcoin Discussion / Re: An Open Letter to Bitcoin Miners on: May 16, 2017, 03:21:41 PM
Thank you for that, jonald. I note that your letter is vastly more objective than many we've seen pit against others in the mire of scaling debate threads here. I would hope to see even better ones. Everyone needs to do more to use less antagonistic language like "foolish" or "cannot be trusted" because that just detracts from what we really want (a compromise, right?).

I'm not an investor - simply a recent enthusiast late to the party but I probably represent the majority if we use that aspect of depth and experience in crypto.

You've argued well against the reservations of Core. But you did not provide rationale against SegWit.

Yes, I think the whitepaper and original devs did not rule out size increase and I don't actually think "Core" is either. Isn't it a case of just that there is a better solution for now (SegWit)?

To me, and I hope I speak for the layman, there are two options, simplified as:

1. A direct, more complex technological innovation (SegWit)
2. A temporary, more simple technological tinkering (blocksize increase)

Personally, I think most people who want to see Bitcoin reach its potential would opt for the former.
17906  Economy / Economics / Re: Worst bitcoin decision you've ever made? on: May 16, 2017, 08:32:51 AM
I suppose this is relatively minor but as I've not (yet) made any bad decisions with my coins - holding and earning as the price keeps climbing - I guess the worst decision for me early on was to spend weeks on faucets to make my first 1 million satoshi. I didn't realise anything until I earned very close to that in my Electrum wallet. Sent it to consolidate everything into one address and realised I'd amassed all those bytes from dust.

Luckily this happened before the crazy fees we're seeing now. I waited for days but at 10 sats per byte it was a kindness to have all my sats in one place. I still occassionally collect sizeable dust (50k instead of 5k!) but they all sit in one address I just save for later.
17907  Economy / Trading Discussion / Re: What exchange to join? on: May 16, 2017, 05:53:35 AM
Gotta say that any exchange that doesn't require verification nor uses it as an excuse to freeze accounts will win my membership any day. So of course Poloniex seems to be the obvious choice for most if only for this one very important requirement, or lack of, rather.

I have seen a few more creeping up but they're not as good for volume but I would mention Liqui at least for to get in on action for coins not yet launched.
17908  Bitcoin / Bitcoin Discussion / Re: What are the best Bitcoin blogs? on: May 15, 2017, 10:01:11 PM
The ones listed here are already very good examples. If you want something seldom shared or found easily by Google, you might want to try checking out some blogs/news sites in foreign languages - try the one from your country first if you have a local language.

I don't read Chinese, but I reverse translate my search into mandarin on baidu.com and get some interesting (different) takes. You can do the same for Russia as they also have a lot of blogs and sites.

Yes, I run them back to translation and yes this makes for awkward reads due to translated text but I get a lot of much more awkward reads here on bct and I still enjoy them =)
17909  Economy / Speculation / Re: A price correction is happening now on: May 15, 2017, 09:22:39 PM
Still waiting for the correction to below 1,500 because I still felt the bull was a bit too much on afterburn. Because the longer it takes, the more extreme I suspect it could be.

However, if this blip below 1,700 is it (or was it) then Bitcoin is a hell of a lot tougher than we thought.
17910  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][CKS]Chicks, very rare!! | vote for chicks and get reward!! on: May 15, 2017, 08:40:48 PM
Hi Dev! Decided to check back in here after a few weeks of wondering where you went. Thanks to Testing Crypto for helping out here. Opened my wallet today and still syncing, hope all will be all right.

Dev: saw your updated first post, I see there are no more bounties... but you didn't reward out what you still owed from our last votes when the bounties were available? =) We worked hard for those votes!

Hope this longest chain issue has been resolved? I think I also staked some on it, so will now only open my wallet for staking when we confirm it's solved.

Also, my updated tally (edited on 15 April): #171, #177, #183, #192, #207, #218, #229, #237, #245, #255, #263, #269 and #280(13 votes). I noticed POSW voting has slowed down.

17911  Economy / Speculation / Re: Bitcoin ETF - decision 15th May - Time and place on: May 15, 2017, 08:00:33 PM
is today the decission or not??

I've heard it's just the last day to submit a comment nothing else.

I could be wrong though.

It's just the deadline to submit petition for review. Perhaps it was even already sent a while ago. Then it will be a matter of days at least to hear back.

Likely to still be a no, in which case limited effect on price. If a surprise yes happens, will also have limited effect. Happy to be proven wrong!

17912  Bitcoin / Hardware / Re: Building New PC, Considering Mining, Should I? on: May 15, 2017, 02:28:28 PM
I'll admit I've been way too long out of this to know how high-end those stats are (they seem at least entry-level high end) but the only mining anyone would want to consider now on a PC is for newer alts where difficulty isn't so high yet and you could look at modest returns as an early miner.

Take a look at the forums for ANN threads. For starters, an easy to set-up Minergate can help you mine the most efficient coins.
17913  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [BRO] [WEBRADIO] 😍 BITRAD.IO 😍 - ICO LIVE - Stream diffrent - Webradio on: May 15, 2017, 11:39:54 AM
Great idea! When to @ exchanges? Any info? Thanks Smiley

At Poswallet news there is information:  There will be 3 new coins added this week.

Maybe one of them is BRO

Yeah, POSWallet's a little bit slow in adding BRO. It got its 1,000 votes more than two weeks ago and we've been waiting for its listing for a while. Going to check out how much fee it charges for BRO withdrawals before I decide to stake there - not that I've many BROs now haha. I seem to get sometimes close to 1 BRO for 24 hours, sometimes half.
17914  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [TOR] Torcoin - X11 PoW - Tor Integrated Crypto - Torcoin.org on: May 15, 2017, 10:29:24 AM



All right, thanks for the very clear clarification and kindness to alerting me to the term called staking. Indeed it is very new to me that leaving a wallet open to stake is the same as running a TOR Node. Your illumination on this subject is much appreciated:)

You do realize the wallet is called Torcoin

Quote
By running Torcoin, you are increasing the number of nodes on the TOR network, thereby helping people across the world remain anonymous.

You get rewarded by running Torcoin as it stakes
But basically even without staking you're still running the wallet

No, I get that now. I think it's a great way to improve the network at the same time as getting rewarded from crypto. Thanks again for the clarification - it really helps. Looking forward to movement on this thing!
17915  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [BRO] [WEBRADIO] 😍 BITRAD.IO 😍 - ICO LIVE - Stream diffrent - Webradio on: May 14, 2017, 12:52:58 PM
Who will say that my wallet?

Synchronization does not happen




Thank you!



Hey. I've found this happens every now and then with my qt wallets, especially staking ones. Try a few of these:

1. Download the latest version of the wallet and install then try open and sync from there.
2. Hover your mouse over the progress bar and see if the block # updates. If it does, then your internet is probably just a bit slow and it will take time to fully sync.
17916  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [TOR] Torcoin - X11 PoW - Tor Integrated Crypto - Torcoin.org on: May 14, 2017, 12:23:05 PM

It doesn't have anything to do with the Tor browser
The wallet runs over a Tor node
So your first claim isn't stated anywhere in the ANN at all

Torcoin rewards people for running a TOR node
Staking, ever heard of that?

All right, thanks for the very clear clarification and kindness to alerting me to the term called staking. Indeed it is very new to me that leaving a wallet open to stake is the same as running a TOR Node. Your illumination on this subject is much appreciated:)
17917  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [TOR] Torcoin - X11 PoW - Tor Integrated Crypto - Torcoin.org on: May 13, 2017, 05:28:36 PM
Does anyone know precisely how you might claim the rewards for running a TOR node? And I mean the browser, of course. I see it being mentioned in the ANN and several queries relating to it, but how might one specifically claim this reward?
The Tor relay-node is not a browser. These guys here mixed source of a TOR-relay-node with a coin. Why should you get rewards for using a browser in the first place?
when you run a browser your reward is the ability to surf the web through relay nodes.

Hi vega, you misunderstood my question... I wonder why you would assume anyone would assume what you thought I was assuming. As I said, several people have asked about it, and none are expecting rewards for using the TOR browser.

I'm asking, if there is any information on how one might claim TORcoin for running a TOR node for the TOR browser, as mentioned in the ANN. Or did I misunderstand that point?

Where the hell does that state in the ANN??


Copy and pasted from first post of ANN, it's quite early on:

First, TorCoin rewards people for running a TOR node.
17918  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] INSANE COIN 🔷 Pure POS 2% 🔷 18.4m Coins 🔷 Master Nodes May 5th,2017 on: May 13, 2017, 07:46:22 AM

Thank you for much for the reply. I also found that NOVA does not function properly on chrome and it works perfectly on FIREFOX so I changed browser and it's all fine. Just waiting now to withdraw and download wallet to make the masternodes..  Smiley Smiley

NOVA works fine on Chrome BUT you have to force refresh the page completely (Ctrl+F5) to ensure you keep it working. I've not tried it on any browser other than Chrome but I have noticed Nova isn't the only exchange that gives me this issue.
17919  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [TOR] Torcoin - X11 PoW - Tor Integrated Crypto - Torcoin.org on: May 13, 2017, 07:40:14 AM
Does anyone know precisely how you might claim the rewards for running a TOR node? And I mean the browser, of course. I see it being mentioned in the ANN and several queries relating to it, but how might one specifically claim this reward?
The Tor relay-node is not a browser. These guys here mixed source of a TOR-relay-node with a coin. Why should you get rewards for using a browser in the first place?
when you run a browser your reward is the ability to surf the web through relay nodes.

Hi vega, you misunderstood my question... I wonder why you would assume anyone would assume what you thought I was assuming. As I said, several people have asked about it, and none are expecting rewards for using the TOR browser.

I'm asking, if there is any information on how one might claim TORcoin for running a TOR node for the TOR browser, as mentioned in the ANN. Or did I misunderstand that point?
17920  Bitcoin / Development & Technical Discussion / Re: The chances of finding a block in LESS than 10 minutes ? on: May 12, 2017, 06:41:21 PM
If mining becomes too profitable, then more miners will add more hashpower to the system.  The blocks will be created a bit faster and difficulty will begin to increase to slow the blocks down.  Increasing difficulty means that all the miners will have less revenue. Eventually the system reaches an equilibrium where there is just enough revenue to keep the miners profitable and they stop adding equipment.

Indeed, this was the a priori nice idea, that miners would enter in profitable competition, making mining as such more and more difficult and less and less profitable, so that, no matter what is the price of bitcoin, most of its newly created coins would need a wasted economic value close to their actual value, apart from the small margin that miners keep interested.   As such, it seemed that bitcoin would burn all "seigniorage", getting rid of that problematic aspect of "printing money".

Thank you very much both for clarifying this! I'd known before from reading that difficulty is adjusted but somehow failed to realise that it was part of achieving revenue equilibrium.

Now it's a common perception, at least that I've noticed from voiced opinion, that mining has become less and less profitable (at least for the hobbyist or even semi-large entrepreneur). If what you're saying is accurate (that this system ensures BTC fiat price doesn't matter) - then is this situation  merely a result of more miners sharing what is essentially an assuredly consistent value of revenue?

ie. It's become less profitable because shares are getting smaller, as opposed to decreasing value because of increasing difficulty (expressed as hashing cost). I even see people saying it's getting exponentially more difficult and costlier.

If the above is true, then it makes for interesting considerations when it comes to say, for example, expansion of cloud mining contracts. Because I see some contradicting assumptions:
1. If we can get more hashpower from pooled resources we can earn more
2. But if we get more hashpower, our share gets smaller

Thanks again.

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