|
the market stability is really strong now, no one apparently want to dump under 240, ands sub 200 is a thing of the past
bitcoin is just waiting more money to be put in, we can only rise from now, seeing how 200 is a proven barrier
|
|
|
|
|
if you are talking about the fact that banks use your deposited money to make investment and then if you need your money back, how can they give them back, then they just give your money by taking them from another deposit and so on
|
|
|
|
Actually, if you were really to truly work on faucets every single day non-stop for a week, say 8 hours a day, you can make quite a bit. Not as much as a job, but it's probably more than you'd think.
I would guess that you could make about $1-1.5 per hour with faucets. So 56 - 84 per week, ~0.23 - 0.35BTC/week.
This involves NOT wasting ANY time at all, so you can't lose focus, go to the washroom, drink a cup of whatever, etc.
you are saying that you can earn 500k+ satoshi per hour with faucet? i think it's not possible at all, even with the best 1k faucets you need 500 of those(and there aren't 500 faucets that pay 1k each) then counting 10 sec(a bit far-stretched) on average to resolve a captcha will result in only 6 faucets per minute and 360 per hour....(this not counting various little rest and the time you waste to move to another faucet) |
|
|
|
|
usually you just need to see if your wallet size is increase, if it is true then you need a new backup, otherwise not
keypool size is about 100 btw(so after it reach you need a new back up you don't need to do it after every new address)
|
|
|
|
|
well if the problem is windows update couldn't you just disable it for a week? otherwise if you can afford a ssd, it would sync much faster, it should rebuild in 1-2 hours
|
|
|
|
notice how the production cycle is much faster with asic, gpu are far slower, if we stayed with gpu, the diff now would have been much lower, allowing many other people to mine Can't really conclude that. There's only one data point for CPU and GPU. There were certainly more efficient CPUs and GPUs as well, though solid data on those is sparse because 1. ancillary hardware and 2. nobody really cared about efficiency back then, hashing faster and faster was the name of the game. Not much has really changed anyway. Bitcoin's PoW provides something of a positive feedback loop. If B has greater hashing power than A, then B effectively gets more funds than A, allowing them to invest in even greater hashing power than A. Laws of economy mean that this is not proportional between the two. E.g. if I have the startup capital to buy 100 GPUs, and you can only buy 1, I can already buy those 100 GPUs at a discount over your single purchase. I also get more reward, so by the time you can buy a 2nd card, I can buy - say - 110. By the time you get to your 10th card and have to deal with the heat, I've got a thousand and with a little extra investment they're churning away in professional racks. ASICs may have expedited things (and one can argue whether that's a good or a bad thing), but it was always going to go this way. I don't know if Satoshi actually hinted at this, or foresaw this, as it truly is now - but you're absolutely right that at least he didn't see supporting the blockchain as something that everybody would be doing. it's not the same, because gpu are not produced by angry miners nerd, that release a new asic every month, they are produced by company that need 1 year for the next gpu to be ready this result in low hash, and allowing my 1 gpu to stay compotitive, even if you buy 1k gpu, because the total diff would be much lower compared to asic Are you saying that GPU mining is still profitable? I parted mine out long ago as I was not pulling much profit. I might be wrong. But I just don't see it being able to ROI. I have one rig just setting there I kept in case but I don't even plug in to mine at this point. i'm not saying this(but actually Wolfo is still making profit with them, so perhaps there are still some profit to be made, if you have his miner), what i was trying to say is that, if asic never existed, and bitcoin was still done with gpu, casual miners would have more chances to join because it would have been much harder for big company to clump gpu instead of asic, because of efficiency, heat, encumbrance ecc... |
|
|
|
I agree, cloudmining is really bad.
I mean you see it so often now, that most are bad operators that actually just leave and screw most buyers out. If you need to bother with that nonsense you might as well just try buying bitcoin instead and hold or just not be in the mining scene.
For most we have no option, like here california its a pain to mine, so I just buy.
they are still better than buying your equipment, because of no maintanance(some charge very little amount, see bit-x) and bill to pay, the roi is also the same as the best miner available but besides this we will never roi anyway Don't forget reliable Internet access, some kind of cooling for your facility, unless it's in a truly cold climate. Even the coldest parts of the US will require some kind of continuous heat exhaust, if not more active cooling. You might also have to spend some money on security and fire warning/suppression. Cheap electricity is required, but you still won't want to locate your facility in Houston TX (because of the heat).
they should build some hosting in alaska or antarctica, at least the heat problem would annihilated |
|
|
|
apparently china has a cost of only $0.05 per kw(avalon ceo say it on reddit), this is why they can afford to build monstrous farm like the one posted in the mining secction 2.4 cents per kilowatthour in Chelan, Washington is the best in the USA. (.024 usd)
...and yes, datafarms are cookin' there.
that's awesome, you should start a hosting service with that rate |
|
|
|
I propose a purchasing agreement, which mandates every state in the World to buy a certain amount of Bitcoin every year. The amount will be coupled to the country's respective GDP and could be something along the lines of 0.001%-0.01% of it. The states have to hold on to their purchased coins for a given amount of time until they can invest them again.
What kind of benefit are you expecting from this? Isn't it obvious? Bitcoin would profit greatly from this. The adoption and value would skyrocket. It would immediately gain legitimacy around the world. Also, the smaller countries could benefit from the Bitcoin price skyrocketing. There is no benefit to Bitcoin from an increasing value. Whether a bitcoin is worth $100 or $100,000, it still functions exactly the same. 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. In order for the price to rise permanently, the countries would have to never spend them, and then they receive no benefit from holding them. What you are really proposing is for countries to destroy bitcoins in order to subsidize you and other holders of bitcoins. Countries buying bitcoins will have no effect on the adoption of bitcoins. Have you heard of Special Drawing Rights? It is a form of currency that countries buy and hold. I don't see any adoption of SDRs as a result of countries buying them. Finally, smaller countries would only benefit because the larger countries are subsidizing them. 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 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 way) |
|
|
|
Probably that was Bitstamp moving coins from one wallet to another, like moving it from cold storage to hot wallet or vice versa. Looking at the daily trade volumes, it is highly unlikely that an individual would have traded that many coins in one go. I hope the wallets were backed up!  Tell this to the Bitstamp guys. unless he is an early adopter, that was tired of waiting, or just an hacker that stole those coins from innocents users 8k isn't that much for many |
|
|
|
Yes, PoW mining just waste too much energy, and the most important thing is mining is become a game between rich people who can afford buy the Asic miners. Everyone can mine bitcoin is out of date.
Agreed. What would you propose instead? PoS mining is even more a game of the rich, since it effectively by definition is the epitome of plutocracy! Yes PoS mining is also a game of the rich, but compare pow, it's more efficient, at the same circumstances, which one do you choose, the answer is obviously. the problem with pos is the initial distribution, it can be cheated so easily , like happened to faircoin, communitycoin ecc... they must find a very transparent and fair initial distribution |
|
|
|
I'd like to ask the users here about how you got started in bitcoins and how you acquire bitcoins.
So the two questions are:
1. When you started, did you MINE or did you BUY bitcons?
2. If you are a regular user of bitcoins currently, do you MINE or do you BUY bitcoins?
To start off the discussion, I can only answer question 1. I mined bitcoins when I started. Then I bought and sold bitcoins through an exchange.
I cannot answer question 2 because I'm no longer a regular user of bitcions.
i started with mining, gpu mining to be precise(1 7950, bought for gamining not for mining, but it returned to me 1 btc in two months, not bad) i prefer to mine sincerely, because with mining you can increase your total sum of bitcoin with buying not, unless you trade, but trading isn't for me and i find it more risky too |
|
|
|
|
the one that offer something instead of being just a pure clone
in this regard there are Monero(for anon) and cryptonite(for mini block-chain), i also like burst(casual miner can join it easily)
|
|
|
|
So, when I am running a new security programme with scanning and all kind of options to debug my computer, will it still not be safe for future attacks ?
Of course I will not store any Bitcoins anymore, just for normal operations.....does it mean that these standard security programmes are not protecting my computer against a pro attack at all ? (obviously Bitdefender did not do the job).
If this is the case I see no future for a digital currency.....
they can help, but they will not offer 100% protection, for 100% protection you must build a separate machine and don't surf internet or download anything for now you should do a format c, to be sure your machine is clear |
|
|
|
Just wondering why you want to set up a new pool?
maybe because of fee? if his pool can become famous enough, you can earn a lot with fees, i know this is true with altcoin, it should be with bitcoin too There are some good pools out their already, so in order to take miners away you will have to charge less and/or offer something better. I would think the profit can't be that great at some of the pool fees that are being charged. If you could get big enough it looks like a full time job, then the larger you get the more equipment upgrades you need. Then very few pools seem to stay at the top for long, and now you have all the equipment manufactures doing their own pools. In my opinion home mining may very well be coming to a end or at least not growing like it once was. I am sure there is a lot that I have not even touched on but I just don't seeing it being a great move especially for someone that had to ask about whether a hosting service will work to host the pool.  i think it's worth it(if you know what you are doing), just an example if you can charge a tiny fee like 1% and you are making 100 btc only with your pool, you are already earning 1 btc daily(which is very good already) bear in mind that you are only running the pool, the miners come from all users around the world in my example you need a bit less then 10k antminer s5 to generate 100 btc daily, so let's say a range of 1k-5k total users, not so impossible, you need to achieve 1/36 of the entire network, less than 3%(under eligius and ghash.io level) No, it's not impossible, but it is very unlikely. As aurel57 points out, there are a ton of factors you must take into account if you decide to operate a pool. Just throwing out a canned instance of an MPOS or NOMP or whatever doesn't cut it if you're looking to attract miners. You need to provide something different than the other pools, which means you need to do some coding and testing. You need dedicated hardware, DDoS protection, etc - which means you're in a datacenter. No running your pool from home on a Pentium 3 over a crappy DSL connection. You'll need redundancy and eventually distribution to make your pool more attractive to a global audience. Oh, and through all of this you've got some pretty stiff competition. There are already a number of really good pools out there. OP really doesn't need to be thinking about operating, or making, a pool if the question being asked is whether it can be hosted by a web hosting service and what hosting plan to get. all those thing, can be covered easily with one btc a day, i know you can't run a pool on a "pentium" but a good server with 32 giga and a xeon is purchased only once, not every day, with a return of 1 btc daily you can roi very fast, hell even with an amount that is half of that the only real problem is competition, i could agree on this, there are too many good pools, but i still think you can achieve 1% of the network which is still 0.33 btc daily |
|
|
|
notice how the production cycle is much faster with asic, gpu are far slower, if we stayed with gpu, the diff now would have been much lower, allowing many other people to mine Can't really conclude that. There's only one data point for CPU and GPU. There were certainly more efficient CPUs and GPUs as well, though solid data on those is sparse because 1. ancillary hardware and 2. nobody really cared about efficiency back then, hashing faster and faster was the name of the game. Not much has really changed anyway. Bitcoin's PoW provides something of a positive feedback loop. If B has greater hashing power than A, then B effectively gets more funds than A, allowing them to invest in even greater hashing power than A. Laws of economy mean that this is not proportional between the two. E.g. if I have the startup capital to buy 100 GPUs, and you can only buy 1, I can already buy those 100 GPUs at a discount over your single purchase. I also get more reward, so by the time you can buy a 2nd card, I can buy - say - 110. By the time you get to your 10th card and have to deal with the heat, I've got a thousand and with a little extra investment they're churning away in professional racks. ASICs may have expedited things (and one can argue whether that's a good or a bad thing), but it was always going to go this way. I don't know if Satoshi actually hinted at this, or foresaw this, as it truly is now - but you're absolutely right that at least he didn't see supporting the blockchain as something that everybody would be doing. it's not the same, because gpu are not produced by angry miners nerd, that release a new asic every month, they are produced by company that need 1 year for the next gpu to be ready this result in low hash, and allowing my 1 gpu to stay compotitive, even if you buy 1k gpu, because the total diff would be much lower compared to asic |
|
|
|
are you sure you are not infected in some way? you should do a scan with multiple antivirus/anti-rootkit/anti-malware
usually there are insecure link, when this appear, you could have some insecure connection going on
Nothing shows up on antivirus, Comodo, McAfee, have tried others. Even immediately after reinstalling the operating system Malware bytes warns that its anti root kit driver cannot load. There is quite a bit of other evidence of a problem with my internet connection, I am just asking opinions about the risk with Cryptsy specifically. I use an SMS protected email and phone SMS to log into cryptsy but once I logged in and it went straight to the logged in area before I even entered the SMS. I have a screen grab of the message it showed on another device and will upload that when I can. Is it possible Cryptsy's SMS service was down briefly and it bypassed the SMS authentication because of reasons on the Cryptsy side? try scanning your system with hitman pro. while others may not find anything, hitman pro will if your system contains a virus. hitmanpro isn't that good lately, in my case is detecting ccminer as a malicious, which ius obviously wrong malwarebyte is the best, for malware and for virus too |
|
|
|
In case you are really reading the forum rules and guidelines, there is actually no limit on how many you can post per day. As long as it is on-topic and is constructive, it will likely stay. However, most post tend to be off-topic and spammy, sometimes in the intention of boosting posts for signature campaign members. It is fine to post a hundred or even a thousand per day, as long as it is, well, constructive and helping the discussion. the problem is that some of his post are not included in one post, there are case, were he posted 3 posts in a row, that is spam to me, it doesn't matter if those posts are constructive or on topic in this case if that is allowed, i can do the same thing easily He is a Indian, he is probably need this money. Yes, most of his posts are constructive, but 100 posts a day seems to much for ordinary people, you can eat 10 hamburgers in one day, but you definitely couldn't eat 100 hamburgers in one day, this is same to this forum, Also, this forum didn't have that much topics that make you able to make 100 constructive posts in one day. 100 posts in one day, that means a you need to turn the whole forum topsy-turning. Anyway, he didn't broke the rule even he makes so much posts in a day, that's most people can't be able to do. i don't think you have read what i wrote, the problem aren't 100 or 1k posts a day, and i'm not against him or anything, the problem is consolidating your posts, you can't post 3 posts in a row, when those can be included in one, i can do the same if this is allowed(i had many chances to do it, but i included all in one post, otherwise i would be at 100 posts too) and btw i need money too, everyone need money, some more some less, this is not an exscuse to spam |
|
|
|
There are a bunch of posters on this site who call this company and that company ponzis. They may be right and they may be wrong. I am very new to all this. Bitcoin Cloud Services is the first company that I invested with. I based my investment on reviews. (99% positive on this site) So I purchased 1THS on February 8, 2015. I have received my payment everyday since. The time varies between 19:00 and 24:00 EST every day. My payout comes directly to my personal Bitcoin Wallet. ie....My payouts are not stored on a wallet on their site. It seems to me that if they were a ponzi, they would want to keep all Bitcoins possible on their site so they would make a better haul when they walk away. I have some experience with ponzis, I used to play HYIP's back in the day. One poster here called them a very well run Ponzi. Maybe, but you couldn't prove it by me. Check the Bitcoin mining calculator at www.Allsocomp.com to see what you will receive daily based on your hashrate. The amount that I receive daily mirrors the calculator. When I first signed up, I would anxiously await payment until it arrived....and, arrive it did and does. They had their first birthday last week. All of these naysayers could have made a bunch of money by now. I hope this clears up some questions. Read the reviews on the site, I could have written them all because they all reflect my experience with this company. Here is my affiliate link if you are interested. https://www.bitcoincloudservices.com/?ref=4163Good luck...Morebit well no one is denying that they don't pay, the problem is that you won't roi with any cloud service(you need 5 month at least and the diff is still rising), and the price of those gh/s is always stuck at the same value, so no point in resell those contracts i could agree that they are better than having a physical miner, because you don't pay the bill, and roi is about the same |
|
|
|
In case you are really reading the forum rules and guidelines, there is actually no limit on how many you can post per day. As long as it is on-topic and is constructive, it will likely stay. However, most post tend to be off-topic and spammy, sometimes in the intention of boosting posts for signature campaign members. It is fine to post a hundred or even a thousand per day, as long as it is, well, constructive and helping the discussion. the problem is that some of his post are not included in one post, there are case, were he posted 3 posts in a row, that is spam to me, it doesn't matter if those posts are constructive or on topic in this case if that is allowed, i can do the same thing easily |
|
|
|
|
Show Posts
