Bitcoin Forum
July 04, 2024, 11:05:57 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 [2] 3 »
21  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Antshares/ NEO [NEO] on: August 30, 2017, 02:41:51 PM
For those affected by the upcoming Antshares web wallet shutdown, go to https://neo.org/download and download a web wallet app.
NEON is the easiest and fastest to use though it is technically a 3rd-party app supported by NEO.
NEO-GUI is the official app though it has several issues such as being slow AF and claiming GAS involves having to send your NEO to yourself in order to unlock them. Also, you DO NOT have to transfer your NEO to a new address.
You just have to import your address information using your private key.

Ty for this. Questions from a complete neo n00b:

1. neon wallet, I can claim GAS... I can do this at any time? Any advantage/disadvantage to claiming it when it says I can claim?

2. what is GAS? Is it worth anything to me?

Gas is basically the price you pay to make sure your transactions go as fast as they do in the neo network (or eth network). It's quite valuable, and will only go up in value as the neo/eth networks get more volume.

You shouldn't claim your gas right now, but hold it. Depending on how much neo you hold, your wallet will generate gas. My estimate is that you earn 1 GAS a month for every 100 neo you own. Let's say you hold 50 neo in your wallet. This means in 10 years you'll have generated 60 gas. Given that the gas prices will only go up (as a result of the expansion of crypto itself and the inevitable rise in volume on the neo network), you can be sure each GAS is worth over 100$, so you'll have made 6000$ by doing absolutely nothing.

Thanks, that's very helpful Smiley 

1. If I claim the GAS though, doesn't that mean I hold the same amount of GAS whether I claim as I go along anyway, and as long as I don't sell it, it'll accrue the same monetary value?

2. And, the GAS earned is a separate thing to http://neocoins.net/index.php and staking, correct/incorrect? 

3. If I accrue say 5 GAS, I can keep those and sell NEO should I want to, without losing my GAS - correct/incorrect?

Anyone able to just clarify the last 3 questions above for me? Thanks Smiley
22  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Antshares/ NEO [NEO] on: August 29, 2017, 08:03:57 PM
For those affected by the upcoming Antshares web wallet shutdown, go to https://neo.org/download and download a web wallet app.
NEON is the easiest and fastest to use though it is technically a 3rd-party app supported by NEO.
NEO-GUI is the official app though it has several issues such as being slow AF and claiming GAS involves having to send your NEO to yourself in order to unlock them. Also, you DO NOT have to transfer your NEO to a new address.
You just have to import your address information using your private key.

Ty for this. Questions from a complete neo n00b:

1. neon wallet, I can claim GAS... I can do this at any time? Any advantage/disadvantage to claiming it when it says I can claim?

2. what is GAS? Is it worth anything to me?

Gas is basically the price you pay to make sure your transactions go as fast as they do in the neo network (or eth network). It's quite valuable, and will only go up in value as the neo/eth networks get more volume.

You shouldn't claim your gas right now, but hold it. Depending on how much neo you hold, your wallet will generate gas. My estimate is that you earn 1 GAS a month for every 100 neo you own. Let's say you hold 50 neo in your wallet. This means in 10 years you'll have generated 60 gas. Given that the gas prices will only go up (as a result of the expansion of crypto itself and the inevitable rise in volume on the neo network), you can be sure each GAS is worth over 100$, so you'll have made 6000$ by doing absolutely nothing.

Thanks, that's very helpful Smiley 

1. If I claim the GAS though, doesn't that mean I hold the same amount of GAS whether I claim as I go along anyway, and as long as I don't sell it, it'll accrue the same monetary value?

2. And, the GAS earned is a separate thing to http://neocoins.net/index.php and staking, correct/incorrect? 

3. If I accrue say 5 GAS, I can keep those and sell NEO should I want to, without losing my GAS - correct/incorrect?
23  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Antshares/ NEO [NEO] on: August 29, 2017, 06:54:29 PM
For those affected by the upcoming Antshares web wallet shutdown, go to https://neo.org/download and download a web wallet app.
NEON is the easiest and fastest to use though it is technically a 3rd-party app supported by NEO.
NEO-GUI is the official app though it has several issues such as being slow AF and claiming GAS involves having to send your NEO to yourself in order to unlock them. Also, you DO NOT have to transfer your NEO to a new address.
You just have to import your address information using your private key.

Ty for this. Questions from a complete neo n00b:

1. neon wallet, I can claim GAS... I can do this at any time? Any advantage/disadvantage to claiming it when it says I can claim?

2. what is GAS? Is it worth anything to me?
24  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: August 15, 2017, 07:52:28 PM
I feel exactly the same. But this community has a cultist attitude. If you bring up issues within the project, you are called yout as an infidel who should be eliminated. Even if your intentions are good and only want to see the platform thrive because, say, you want to protect your investment.

+1

Echo chambers are no good at the best of times, least of all when we are here to make money.
25  Alternate cryptocurrencies / Announcements (Altcoins) / Re: WAVES. Ultimate crypto-tokens blockchain platform. on: August 06, 2017, 11:25:41 AM
no doubt this is in here somewhere but I'm having trouble using search to give the relevant answer, so apologies for what's likely a duplicate post:

so I sent 0.1 ETH from bittrex to the hex address generated by the waves client... 140 block confirmations and no sign of it at all: 0xd6fce0a43505573d28e3d3607199839f56f5e5fade500eca6d05f0b81d2e653f

sent another 0.05 ETH from bittrex (waves client generated a different deposit address, which I found odd, have found 1 other instance of this on google, despite assumptions the guy was wrong, I'm seeing the same issue, albeit now get this 2nd-generated address if I again click on deposit) and so far up to 40 confirmations, nada in waves client: 0xf1decd7ec3d33fa091847d97de45ebf8dfd9959ca9d53e7e9a538aea80c69cfe

Brand new to waves, I need to deposit something to then go and claim the 0.0003 wav or whatever it is to then be actually able to do any trades, so help appreciated - thanks.
26  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: August 02, 2017, 09:48:44 AM
I've been staking 1000 Strat for about a week now one day says 'expected time to receive reward is 16 days' then the next day it says 20 days the days keep changing why is this how does it actually work ? Ive checked the stratispool and expected reward is 1.2 strat a month seems like a small reward.

I've been seeing the same issues on just over double the amount of strat, and around just under half of your expected reward times, I *think* I may have sussed it out... active connections (hover over the 'graph' between the 'lightning bolt' and the tick in bottom left of your staking wallet). Sometimes I have a very high number like about 51, other times (like now) I have a low number like 16 connections.

I recently (as in a few days ago) added the nodes to the config file in the hope those amount of connections would go up, but no dice, so I can only assume it's my shitty ISP... my comp/wallet is running 24/7 aside from a reboot or two a month, so I don't believe it's related to any kind of catch-up where I closed/opened the wallet after adding the nodes.

Yeh my comp is running 24/7 with wallet unlocked the whole time ,My active connections range from 8-36 ,Im thinking of just pulling it out of the staking wallet i was earning more Strat on the exchange selling high buying low with only a small percentage of my wallet.

Think I might have to do the same actually, I do this with all my other crypto so not sure why it didn't dawn on me it's a far better way to increase my strat than staking... thanks for the lightbulb moment Smiley
27  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: August 01, 2017, 12:57:57 PM
I've been staking 1000 Strat for about a week now one day says 'expected time to receive reward is 16 days' then the next day it says 20 days the days keep changing why is this how does it actually work ? Ive checked the stratispool and expected reward is 1.2 strat a month seems like a small reward.

I've been seeing the same issues on just over double the amount of strat, and around just under half of your expected reward times, I *think* I may have sussed it out... active connections (hover over the 'graph' between the 'lightning bolt' and the tick in bottom left of your staking wallet). Sometimes I have a very high number like about 51, other times (like now) I have a low number like 16 connections.

I recently (as in a few days ago) added the nodes to the config file in the hope those amount of connections would go up, but no dice, so I can only assume it's my shitty ISP... my comp/wallet is running 24/7 aside from a reboot or two a month, so I don't believe it's related to any kind of catch-up where I closed/opened the wallet after adding the nodes.
28  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: July 27, 2017, 03:48:51 PM
I did see that I made a bit of a cock-up and my wallet was neither encrypted nor locked - I must have left that from install thinking to do it and totaly slipped my mind, and I finally did that the day I got my last reward, so I'm wondering if having it encrypted/unlocked delays the process or something?

There is no difference staking-functionality wise if you dont encrypt your wallet vs encrypting and unlocking for staking only. Unlocking for staking places it is the same state for staking as an unencrypted wallet. Security wise on the other hand, it is foolish to leave your wallet unencrypted because if your wallet.dat is stolen you lose your coins. I would not leave a stratis wallet unencrypted at current prices and a good prospect of further increases.

Hi mate, you've thrown me a bit with this. You say there's no difference in staking weight/reward with unencrypted/encrypted, but then say to leave the wallet unencrypted  Huh

I won't leave it unencrypted for the security reasons you've already said, but you seem to advise to do so, and I can't work out why? And why would current prices affect whether to encrypt or not?

Sorry that was a typo. Fixed.

No I am not saying to leave it unencrypted as that would be silly. I am saying you have to encrypt it and unlock it for staking only. That does not mean it is unlocked for coin transfer. Unlocking for staking is the same staking-wise than leaving it unencrypted and doing nothing.

Gotcha, I did realise just after posting it was possibly (probably) a typo, all good :-)
29  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: July 27, 2017, 02:41:27 PM
I did see that I made a bit of a cock-up and my wallet was neither encrypted nor locked - I must have left that from install thinking to do it and totaly slipped my mind, and I finally did that the day I got my last reward, so I'm wondering if having it encrypted/unlocked delays the process or something?

There is no difference staking-functionality wise if you dont encrypt your wallet vs encrypting and unlocking for staking only. Unlocking for staking places it is the same state for staking as an unencrypted wallet. Security wise on the other hand, it is foolish to leave your wallet unencrypted because if your wallet.dat is stolen you lose your coins. I would leave a stratis wallet unencrypted at current prices and a good prospect of further increases.

Hi mate, you've thrown me a bit with this. You say there's no difference in staking weight/reward with unencrypted/encrypted, but then say to leave the wallet unencrypted  Huh

I won't leave it unencrypted for the security reasons you've already said, but you seem to advise to do so, and I can't work out why? And why would current prices affect whether to encrypt or not?
30  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: July 27, 2017, 02:35:21 PM
everyone still staking fine?

I have around 2500 strat, it took a while but finally got a mined strat on 12th july, another four days later on 16th july, another 5 days later on 21st july, but now 6 days later it shows that my next one is due in 7 days (13 days total, and weird pattern of expected coin: for a few days it showed 5 days remaining, for a few days 6 days remaining, and now today it shows 7 days remaining).

I did see that I made a bit of a cock-up and my wallet was neither encrypted nor locked - I must have left that from install thinking to do it and totaly slipped my mind, and I finally did that the day I got my last reward, so I'm wondering if having it encrypted/unlocked delays the process or something?

How much strat are you getting?

Thanks

1 stratis (or a very slight touch over, like 1.0002)
31  Economy / Economics / Re: tax on bitcoin profits in United Kingdom? [Solved] on: July 27, 2017, 02:28:47 PM
little bump for last post in case anyone can help Cool
poke around on that .gov.uk site posted many times upthread
my guess: you have nothing to worry about

As anyone in the UK knows, that gov.uk site is about as useful as a kick in the nuts Wink

I did hear back from the accountant, and does seem as I need to be up a level or several before being classed as trading and have to worry about income tax, though the CGT part is a pain in the ass... apparently they want a record of every btc transaction, a transaction being: buy btc, sell that btc

No scope for exchanging btc to other crypto, or usdt, or leaving various crypto in exchanges while trading; so as usual, a gov't tax department is far behind the curve of what is actually involved.
32  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: July 27, 2017, 02:18:24 PM
everyone still staking fine?

I have around 2500 strat, it took a while but finally got a mined strat on 12th july, another four days later on 16th july, another 5 days later on 21st july, but now 6 days later it shows that my next one is due in 7 days (13 days total, and weird pattern of expected coin: for a few days it showed 5 days remaining, for a few days 6 days remaining, and now today it shows 7 days remaining).

I did see that I made a bit of a cock-up and my wallet was neither encrypted nor locked - I must have left that from install thinking to do it and totaly slipped my mind, and I finally did that the day I got my last reward, so I'm wondering if having it encrypted/unlocked delays the process or something?
33  Alternate cryptocurrencies / Announcements (Altcoins) / Re: WAVES. Ultimate crypto-tokens blockchain platform. on: July 25, 2017, 09:32:23 AM

Get free waves here:

Lately we read very often about people having problems creating a new order in the WAVES lite client (the famous "Order has not been created" error). The reason was in most cases, that their WAVES balance was at 0, so they couldn't pay the 0.003 WAVES fees.

They had just opened a new WAVES account, transferred some assets (e.g. BTC, ETH) to their wallet and wanted to buy WAVES.

To overcome this problem, WavesMine.com offers now the jump starter service: just enter your WAVES address and we send you the needed 0.003 WAVES to get you started! https://wavesmine.com/jumpstart.

Ah, perfect, thankyou mate!  Cool
34  Alternate cryptocurrencies / Announcements (Altcoins) / Re: WAVES. Ultimate crypto-tokens blockchain platform. on: July 25, 2017, 09:11:39 AM
Hi Guys, another new user to waves who needs some of them in order to make any transactions. Not sure if people are still doing the pay it forward but if they are, I could use a few to get started there Cool

If I'm correct, I only need 3 to get the ball rolling, I can then just deposit some btc and buy some waves with that, the first 3 waves being the fee, then just keep some waves in my portfolio - that about right?

Thanks for any help Smiley
35  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: July 22, 2017, 12:03:55 PM
Every day 1440 new Stratis are staking. Right ? We need to hodl 69K Stratis to get 1 Stratis per day. Too much.

more like *around* 12500 stratis continually staking = 1 stratis per day.
36  Economy / Economics / Re: tax on bitcoin profits in United Kingdom? [Solved] on: July 21, 2017, 09:11:36 AM
little bump for last post in case anyone can help Cool
37  Economy / Economics / Re: tax on bitcoin profits in United Kingdom? [Solved] on: July 16, 2017, 01:04:27 AM
Had a meeting with my accountant last week and I brought up bitcoins again. He had previously told me if I was buying to hold it's classed as speculating (ie gambling) and no income tax to pay, just CGT if I went over the threshold.

To clarify, I asked last week this question:

"so in theory, I can buy £100 worth of btc week one, sell for £200 week two, and repeat this process throughout the year, if the prices dipped/rose accordingly, and I gambled on that... and at the end of the year my profit of £2600 (£100 profit each 2 weeks) would be subject only to CGT (and ofc falls below the yearly threshold)"

^ Again, a theoretical question, so I could get confirmation that the ONLY thing I need to worry about is CGT (as I'm not a trader arbing on localbitcoins etc, simply a speculator 'gambling' on polo/bittrex/etc). This time I got as a reply:

---------
"We have reviewed various documents and the tax treatment is a very grey area. It appears profit on trading in Bitcoins may be taxable depending on the frequency and profit being generated.

To enable us to look at it in more detail and hopefully ensure we give you the correct advice could you please let me have the following information:

How often to you buy Bitcoins as an investment.

How much do you tend to invest each time.

How much profit have you made.

It appears if you are investing on a regular basis it may be considered to be trading and be subject to Income Tax or Capital Gain Tax."
---------

This has put the wind up me slightly (I have around £30k in various crypto at any one time), and I would love if anyone can point me directly to some more concrete 'evidence' so to speak, regarding the difference between being a trader liable for income tax on earnings versus a speculator trying to cash in on dips/lows. My thoughts are trader (in anything) = buy 'stock' from source A, sell said stock at place(s) B(C,D,E,etc)

I'll be stunned if what I do is classed as trading, but as fellow UK people will know, the taxman will grab any chance to anally probe all and sundry if it means they can make a pound from it. I also get that accountants are a bit like seo experts... ask 10 and get 10 different answers, and as for the HMRC it's pot luck whether you get a competent civil servant or a f**kwit giving you totally wrong info, so a bit of a long shot but if anyone KNOWS the answers to what constitutes a trader liable for income tax (CGT is pretty simple) I'd be forever grateful for some input.

Thanks in advance :-)
38  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: July 03, 2017, 02:31:59 PM
Stratis has a good team, new recently updates, breeze wallet and the price is going down. I know that the if bitcoin decrease all the altcoins probably will decrease. However, what are missing for stratis grow again in your opnion guys?

number 1: time. Far too many worrying about day to day or week to week. Look at 3 - 6 - 9 - 12 months. Stratis has no volatility like btc/eth so you aren't going to suddenly make bank over the course of a week or two. stratis is a long term buy, far different to btc and (of late) eth.
39  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: July 02, 2017, 02:24:24 AM
STRATIS for BEGINNERS (subtitled)

https://www.youtube.com/watch?v=QkqR0uUUBxg


That's a very helpful video, thanks for sharing Cool
40  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: June 14, 2017, 07:09:06 PM
Quote from: Kazadar
Each reward is 1 stratis and the intrest rate is 1% p.a. so 1000 stratis is 10 stratis per year or 1 every 36.5 days on average.

perfect, thanks Cool
Pages: « 1 [2] 3 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!