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1801  Bitcoin / Bitcoin Discussion / Re: Is mining toast? on: February 02, 2014, 06:39:48 AM
Altcoin mining will be profitable until hash rate goes up too much.

Or maybe people will then make another clone and start the pump and dump again Tongue
1802  Bitcoin / Bitcoin Discussion / Re: The Next Generation of Cryptocurrency Discussion (Dan, Dave and Charles) on: February 02, 2014, 06:15:39 AM
why did you post this?

What do you mean by that lol.


Quote
The afternoon before Miami’s recent North American Bitcoin conference I organized a private panel discussion, Charles Hoskinson representing the Ethereum project, David Johnston of the Mastercoin Foundation and Daniel Larimer of Invictus Innovations representing the Bitshares project. Jason King, founder of Sean’s outpost led the conversation as moderator over the course of about an hour and a half.

See the name Charles Hoskinson?  Wink
1803  Bitcoin / Bitcoin Discussion / Re: Russian Bitcoin Users Can Face Jail Time up to 15 years on: February 02, 2014, 06:08:49 AM
No, no no

Russia's bank WARNED against using Bitcoin, that you could be unknowingly involved in illegal shit, and did the standard FUD about devaluation. If you convert rubles to USD on the street blackmarket in Russia you could also be unknowingly involved in something illegal, or if you bought a bottle of counterfeit vodka from a street vendor, or if you deposited money to one of the criminal oligarch owned banks...

They did not threaten prison for simply using Bitcoin. Russia has plenty of virtual currencies like Webmoney and Perfectmoney is run by Russians, same with Okpay and dozens of others. Remember the Russian govt says a lot of things then you walk around Moscow and it's a free-for-all of blackmarket currency traders openly operating without a care in the world.


People love to use exaggerated title for their own reasons (to attract eyeball, to spread FUD, etc).
Just like how people kept saying "China banned bitcoin" a while ago.  Wink
1804  Bitcoin / Bitcoin Discussion / Re: BTCchina ceo claims OKpay and Houbi caught red handed faking data on: February 02, 2014, 06:01:17 AM
There are many that believe BTCChina was also participating in data manipulation and/or automated bots. I guess it would take one to know one  Tongue

Yup, I have heard of something like that as well. Smiley
FYR: Hypothesis: BTCChina is completely fake (with evidence)
https://bitcointalk.org/index.php?topic=338849.0;all


OKCoin. Not OKPay.

 Wink
1805  Bitcoin / Bitcoin Discussion / Re: Hopkins researchers are creating an alternative to Bitcoin on: February 02, 2014, 05:54:48 AM

Thanks for the link.

Its my understanding that it is being released as a stand alone coin as well as an add on to the existing bitcoin protocol

It is going to be released as a stand alone coin.
If it works well, the bitcoin core devs can do some protocol changes to adopt it as well...
1806  Bitcoin / Bitcoin Discussion / Re: Bitcoin Survey: Participants Needed on: February 02, 2014, 05:50:58 AM
I don't participate in surveys unless they pay me like 0.05 BTC

lol.
You want to get $40 for answering 8 simple questions?
1807  Bitcoin / Armory / Re: Armory wallet and canceling transaction on: February 02, 2014, 05:46:13 AM
Ok, I got through to step 4. The Electrum wallet I imported to shows the public keys (I think.. the first set of characters associated with the private keys I imported from Brainwallet) listed in Receive tab.

That is indeed your bitcoin addresses, which allow everyone (including yourself) to send bitcoin to.

However, the balance shows zero.

Could you double check the address balance on blockchain.info?
Enter the address on the site, and see if the balance is really zero.

IM guessing this will update after the Electrum wallet syncs with the network?

Electrum is a thin wallet, and users only need to download the block headers (around 20MB), and so the process should be really quick (unless your connection is very bad / slow)....

Then send to a new wallet?

I should use "newly generated address" instead.

It is for 2 reasons.

For the Electrum wallet, you can either backup the master seed (the 12 words you get when you first create a new wallet), or the wallet file.
Please note that your imported addresses cannot be recovered from the master seed.

Another reason is for safety.
Everyone can spend the bitcoin on an address if they have the private key.
Though the site brainwallet.org is considered trusted and the code has been reviewed by many people, it is still possible that someone has "hijacked" the site right before you go to the site.

Even if you access the site as off-line, it could still send the private key to the bad guy when you get online. So, as a precaution measure, you could send all the bitcoin out, and never use that address anymore in the future.

Thanks for taking the time to help out a newb

You are welcome Smiley
1808  Bitcoin / Armory / Re: Armory wallet and canceling transaction on: February 01, 2014, 06:45:34 PM
yes, my tx is confirmed.

I exported a backup to a text file from armory and seem to have all the information I'd need, e.g., root key, privbase, privhex. I can't get it to import into bitcoin-qt using the RPC console. I'm typing "importprivkey" followed by a space then one of the strings of characters. all have given error codes. i think I'm on the right track..

what am I doing wrong?

Use the following with cautions, never show the private keys to others, and send all your bitcoin to a newly generated address afterwards:

1. Go to http://brainwallet.org/#chains (access it in off-line mode for better safety)
2. Enter your root key in the "Paper Backup" field
xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx
xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx
3. You should be able to see your addresses and the associated private keys at the bottom
4. Import the private keys to blockchain.info / Electrum / Multibit or any other wallet
5. Send your bitcoin to a newly generated address (to prevent loss just in case)
1809  Bitcoin / Mining / Re: minershare.net questions on: February 01, 2014, 06:25:37 PM
I hear you Sonny ..

But, how else does one get a shot at "first batch' +1TH/s ASICs ??

Cointerra's miners may hit the 'street' before the KnC Neptunes, but
I don't see anyone offering shares on terms as potentially attractive as what MinerShare is offering ..
There's value in mining NOW which I'm doing at a high cost per GH/s ( relative to what
MinerShare is selling GH's for ) via CEX.io ..

So, I figure I'll throw a few BTC at MinerShare and hope I haven't  incentivized a couple of Swedes
to abscond with my ( and other's ) "coin" and that they do in fact get the KnCs they ordered before they
become "doorstops" ..

It's all pretty much a crap shoot in BitCoin Land anyway ..
I just try and take/make a few calculated risks here and there ..
Hopefully MinerShare will be one that works out ..

Triff ..


Good luck to you.

But seriously, it is pretty hard to get profitability in bitcoin mining nowadays.
The difficulity is rising ~20% every 2 weeks, and this really kills the profit.
1810  Bitcoin / Mining / Re: Hi I am new to Bitcoins on: February 01, 2014, 06:15:47 PM
I also have a question i am thinking on buying a 38gh for 380 do you think it would be worth buying. also  at my location i dont pay for electricity.

If you can get the hashrate right now, it could be profitable, especially you don't need to pay for electricity...
If it is a pre-order and the  delivery is expected to be done months later, forget it...

FYR: Mining profit calculator: https://cex.io/calc
1811  Economy / Currency exchange / Re: WTS Selling 10.63 BTC on: February 01, 2014, 06:09:46 PM
OP, please stop spamming the above long posts everywhere....
1812  Alternate cryptocurrencies / Mining (Altcoins) / Re: Can I do mining with a normal PC? on: February 01, 2014, 06:08:31 PM

lol.  Cheesy
1813  Bitcoin / Mining / Re: Looking for cloud mining for under 0.035BTC ($30) on: February 01, 2014, 06:07:25 PM
cloud mining is not profitable at all btw.

Exactly.
You can check the built-in profit calculator on cex.io yourself.
https://cex.io/calc
1814  Alternate cryptocurrencies / Mining (Altcoins) / Re: Dogecoin Mining - Low hash rate on: February 01, 2014, 06:06:06 PM
Your hashrate is way too low for R9 280...

According to https://litecoin.info/Mining_hardware_comparison, You may try "-I 13 -g 2 -w 256 --thread-concurrency 8192 --gpu-powertune 20".
1815  Bitcoin / Bitcoin Discussion / Re: Hide your Wife Hide your Kids!!! on: February 01, 2014, 05:56:14 PM
"In reality, some of the biggest crimes in the world are occurring in home offices and in family basements: some of the most sophisticated and damaging financial crimes just need an internet connection."

In reality the biggest financial crimes take place in bank offices and the perpetrators are left off scott-free and are hailed as heroes by the establishment.


When they can't get away with it they jump off their office windows to give their families life insurance

They are dropping off like flies:

http://www.zerohedge.com/news/2014-01-31/third-banker-former-fed-member-found-dead-inside-week

The more the merrier. Cheesy

Sounds reasonable Grin
1816  Bitcoin / Bitcoin Discussion / Re: 2014-02-01 contrariancompliance.com: February 2014 Crypto-Timeline on: February 01, 2014, 05:55:35 PM

wow, there were so many big bitcoin news in Jan Tongue
1817  Other / Beginners & Help / Re: Some help withdrawing USD to Okpay. on: February 01, 2014, 05:52:20 PM
Just to confirm,

It is your okpay email address you use to withdraw.

Thank you for reporting back.
It will be helpful to those having the same problem when they make a search in the future.
1818  Other / Beginners & Help / Re: Bitcoin's Legality Around The World on: February 01, 2014, 05:50:57 PM
Thanks for the link.
1819  Other / Beginners & Help / Re: TechnoCashier.com-Buy/Sell/Exchange bitcoin,Litecoin,Ripple,PerfectMoney,paypal on: February 01, 2014, 05:49:59 PM
give me a feedback.


OP will not give you any feedback.
Check his profile and you will find "Last Active: November 17, 2013, 12:14:03 PM" lol.

He hasn't logged in for almost 3 months, and I don't think he will come back anymore. Wink

Then what should I do???

Sorry to hear your loss.
I am afraid your money is lost forever Sad
1820  Other / Beginners & Help / Re: Bitcoin giveaway guess a number between 1-10k and get 0.01btc on: February 01, 2014, 05:47:15 PM
1002

5

No spamming!! lol Tongue
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