Do you mean you're supporting bitcoin by holding or something else? If so, I agree. I plan to hold my coins for a few years but in the hope I can spend them once they reach their true value. By holding longterm you're essentially taking coins out of circulation so theoretically that should help keep demand up especially if you're accumulating more along the way.
no he mean there is a great support right now, at 230-245 and we won't fall much farther |
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If/When the price of BTC rises, it will become profitable again, give it time.
actually it wouldn't because the diff will rise too, the only hope is the time between the price increase and the time needed for the diff to rise accordingly, only in that frame you can earn something |
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the main factor is, that amd and nvidia are not interesting in mining, and thus their production cycle is not of few months, they develop new HW every year, much slower than asic's production cycle
if the bitcoin algo had been changed continuosly(a bit extreme to fork everytime but still..) to prevent asic, we would have a much better hash distribution around the world, permitting many people to join the mine's experience without buying costly miners every 4 weeks
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it depends, from many things(quee position, how many other transaction there are at that tie you proceeded it ecc...), in my case i forgot too to add fee, but it was stuck for only two hours and was a small trasnaction anyway, just 0.01, so the amount isn't even a factor
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If a wallet which is never connected to internet, then how that offline wallet contains BTC?
See above, How to transfer BTC to an offline wallet which is never connected to internet (here don't bother about hard wallets). If yes, then this transaction is off-chain transaction right?
first of all the wallet does not contain anything, but just private key that you need to access to your bitcoin in the blockchain imagines that the wallet is like a bunch of keys and the blockchain is a chain of many safe box all connected, inside every safe box there are 25 btc(those 25 can belongs to multiple person) now to retrieve those you need the correct key associated(or many keys for every box, if the btc inside it belongs to more than one person, which is usually the case) if you have the key you can access the box with your funds and if your funds are splitted among many safe box, you need more keys so you actually never transfer anything to an offline wallet, you transfer them to the correct safe box, which your key is associated with |
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the only thing you can do besides contacting support, is trying all the password every 4 hours, if the correct one is among those you will find it at the end
are you sure that at least the pass that you are searching is between those 150?
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they probably used all the money for new equipments, in order to remain in track against the other companies, even if the news is recent they might have accumulated a debit with many months of insolvency, it could be started when btc was still at 600 and they have preferred to used that
greater amount for expanding their facility than paying their old bills(thta were smaller at that time), now with btc at 230 they are caught off guard
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i don't find it that cool to be honest, you can come up with something better, like Digimoney or crypto-e...there are many possibility
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here the temp is still at 21° max, still good fresh air, nothing hot at the moment, i think it is still early to talking about the summer
miner can do fine for now, but i usually change their default fan since they are awful fan, and is so noisy
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Yes this is what I mean .. Or does anything send them to paypal ?
don't use paypal, use circle instead, which is kinda like paypal but there is no chargeback it's very easy and fast to use, you load your money and transfer them to evryone in the world by deciding the currency(your country currency or bitcoin), and circle will do an automatic conversion He's stuck in the stone age UK. I'm not so sure circle can be used here any more. You buy from it for a little while when it launched but I think they closed that loophole. I might be wrong though. It would be wonderful if it did work outside the US. it appears among the countries that you may choose when registering, but the system right now don't accept adding a credit/debit card for many country, he can try with a bank account, probably that will work, but i'm not sure |
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When the M-Pesa / Kipochi partnership was first launched, there were lots of interest, and it seemed that BTC will capture quite a lot of market share. But now it seems that things have cooled down a bit.
Unless African population is educated to use internet & smart phone, bitcoin has no future over there. I think you're being pretty ignorant here. Africa is a massive continent and contrary to popular belief they don't all live in mud huts with no electricity. Even many impoverished African countries have a mobile phone but don't and can't have a bank account so bitcoin could really flourish over there. The internet isn't as scare as you might think either and is being implemented there at an astonishing rate. not all of them(all country in africa) are so advanced and are confortable to use technology device, this is true for the sud africa, nord africa on the other hand is getting better, and they have nothing to envy to europe or usa(i have friend that live there, so i know a bit about it) |
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they could earn by asking users to deposti bitcoin on their bank, and instead of playing with fiat they play with bitcoin(invest them) they in exchange will offer you interest on your deposit(like 2-3%) and security
Interests are paid on fiat deposits, because fiat is susceptible to inflation. It loses value every day. Inflation is not a problem with Bitcoin, as the monetary supply is limited. So there is no need to pay interests on BTC deposits. i mean they pay you interest in fiat, not bitcoin, you lock your bitcoin in their bank and for this they will offer an annual interest |
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it could also be that some big farm is ready to pay the bill, and is transferring the money to a safer address, chinese for example, they produce a large amount every day, 8400 would be produced in a few days
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...
Furthermore, the value would remain high only as long as the bitcoins are not spent. If countries bought bitcoins every year, the price would certainly go up -- until they decided to spend them, and then it would fall by just as much.
this is true only if all country decide to spend them at the same time, the probability of this is very low, so while some might spend them the other will keep buying, mantaining the price at the same level at least, with small correction toward rising If countries buy bitcoins that they can't spend, then they are effectively burning them in order to subsidize other bitcoin holders. also "There is no benefit to Bitcoin from an increasing value", not really agree with this, with a better value bitcoin can maintain a better purchasing power, this allow who have a low btc amount to buy more things(helping poor in this wayW
Don't forget that if the price goes up, then it also costs more to obtain them. That doesn't help poor people.
Anyway, in proposing that countries buy and hold bitcoins simply to increase the price, you are asking for people to subsidize you and other bitcoin holders. Is that what you really want? A subsidy? The real value of Bitcoin is in its ability to improve the lives of the people that use it and not the people that hold it. If you are doing nothing but holding bitcoins and hoping for the value to rise so that you can cash out, then you are helping nobody.1-this is true only if they don't buy before the price rise 2-i agree with this, but some holding is recommended besides what btc is for, one should also think about his economic condition, we can't spend every penny we get 3-well you are helpinh yourself, it's not like we are living to always help someone else, there must be a little healthy egoism |
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in my case those kind of email usualy go directly in the spam folder, and i don't even read it at all, i just delete, you should do the same next time
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the difference is that, you will not increase your total bitcoin, by holding only, while with mining, if you manage to reach the roi point, you can earn more bitcoin than the amount you started with
If that's the case, then why not trade and make them? I have seen people talking all the time to buy on rumors and sell on news, and if an average joe gets a good command on that, he might make a good living with BTC. trading is more risky, instead mining can generate a guaranteed return in the end, if you have very cheap electricity and you paid a low amount for your miner |
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It started creeping up in May 2012. Know what else happened in May of 12'? The only 'exchange' (bucketshop) that offered leveraged trading was shutdown. I wonder if the rise in price had more to do with the inability for people to keep shorting BTC on leverage than it did because of a looming reward adjustment. well i don't know, you was here since 2012  , you should tell us what happened, and what caused that small rise, probably a combination of both |
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As usual an awesome reply by Danny. But I contradict over a point and have a Q... If BTC remains at its current performance level, wouldn't the halving merely drive any miners operating at a thin margin out,
Yes. No. Because mining fees may rise as well as miners may start including more Tx in a block to cover their expense. What do you think will really happen when the halving comes? anyone thought through any scenarios?
It's unpredictable, literally. Anyone that tells you otherwise is either lying to you or doesn't know better. Of course, we have had a halving in the past and we seem to have survived it. Perhaps we will again. chart show x2 in price https://blockchain.info/en/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=november 28 2012 the halving, it show about 11-12 dollars, when before that date it was 4-6 |
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Have an SSD, and i7 processor 16GB ram. Still takes a up to a week.
The issue with windows updates it that it indiscriminately resets the machine when it feels like it, before the client has time to shut down properly. corrupts the block chain which then needs re-indexing.
something wrong with that, is your ssd in good state? because it should only take few hours in the worst case windows update usually tells the user when he want to restart(from 10 minutes up to hours), it should not restart at random, anyway try my previous suggestion, disable windows update, or just let it finish |
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