Hello Nafai,

You make an excellent point here, it still helps the Bitcoin economy, half the people don't even care/know about Botnet Mining. I never said I do Botnet Mine, I was just asking people their opinion on it.

Hello BTCrow,

Thanks for this amazing response! What you have told me has totally made me re-think the system I will be creating. Do all shipping services notify through the tracking id, if the receiver has signed?

Do you mind giving me a list that do display a signed notification?

MiddleMan

Edit: Just took a look at your website, what does it mean by "Donation to Bitcoin Faucet" as an Escrow Processing Method?

The friends I know have scripts that use CPU and GPU. It's very advanced, if it can't find GPU it uses very little CPU (to prevent fan). It even detects nvidia!

It's come to the point were I think everybody will start Botnet Mining.

Hello Nafai,

I totally understand were you are getting at. I was referring to the army of computer's they don't own. Wouldn't the "victims" be able to remove the miner at any time though?

Hello Bitcoin community! Since I'm new here, I want to ask as many questions as I can (just to get a feel on what is flowing). So my question today is; Your opinion on Botnet Mining.

Now I know that Botnet Mining can be a bit unfair, but isn't it good for the Bitcoin Economy? When they generate Bitcoin(s) they usually spend the Bitcoin(s).

I do know people who Botnet Mine on their own private pools, and I see no harm that they are doing with this.

/discuss

Hello Ono,

Seeing as you don't have the highest hash rate. Your best bet would be to go with a pool, only because you are able to see the amount you will receive every day. As in solo mining, you have to wait until you hit a block (then you will have 50 Bitcoins). Pool's allow you to withdraw whenever you like... That is also another advantage.

If you were somebody like Vladimir with 80+ ghash. Then you will obviously solo mine.

Hope it helped!
MiddleMan

Hey Joel,

First of all, we would contact each party and try to come to a resolution. If it doesn't work, then we will investigate the case and freeze the Bitcoins until it has been settled. Since a diamond ring can be expensive, we will require anything over $250 to be submitted. The submission process will require the buyer's first/last name, and address. As well as the seller's first/last name and address. If it isn't settled through our investigating process, then we will contact Bitcoin Forum Moderator's, warn them about the seller & buyer. Then depending on the amount... return the Bitcoin(s) to the buyer. In some case's, we may just donate the Bitcoin(s) to charity and close the case. We will also keep them in our log, and if we see any more suspicious activity on the forum by either party. We will again, warn Bitcoin Forum Moderator's. There is only so much you can do to stop crime... unfortunately, not every fraudulent transaction can be stopped.

We will ask them to show proof that the payment was claimed as unauthorized. It will go to our investigation process, the Bitcoin(s) will be frozen. If we see no proof, or faulty proof. Then we will continue with the transaction and send the Bitcoin(s) to the seller. If we do see good proof, then we will speak with the seller and see if they will fix the payment. If the seller refuse's to help in any way, the Bitcoin(s) will be returned to the buyer.

That is what your paying for  .

Greetings, my name is MiddleMan. I'm new to this forum, but I'd like to make a great impression - by offering a Escrow/MiddleMan service. I'm just curious if any Bitcoin users would be interested in using this type of service.

Of course I would start off small, and gradually gain reputation for larger payments. Hopefully building a fully functional website, or even a 24 hours per day, 7 days a week service (I would hire close friends, or trusted members of this community).

First off, this is how the trades would work. There would be a 2% fee on every transaction (when the website is up, there will just be a very small fee). The buyer would send me the Bitcoin(s), then the seller will send the item/exchanged money to the buyer. The buyer will then verify that he has received the item/exchanged money. I will then release the Bitcoin(s) to the seller.

Now your probably wondering how I will prevent fraud, as the buyer could easily say he didn't receive the item. Here is how; I will verify that if it is a physical item, that the seller provides a shipping number (if not received within 72 hours, the money is returned to the buyer). If the physical item is worth more than 10 Bitcoins, then I will verify with the seller the weight, height, and width of the item. As well verify with the shipping company the matching weight, height and width of the item (by phone).

If you were wanting to exchange Bitcoin(s) for another currency, then I will prevent fraud by checking that the seller has sent the currency (either through Teamviewer* or ask for a screenshot).

*Teamviewer is a remote desktop access, in which allows me to view the desktop of a user live. It is a renowned product with a great reputation.

So Bitcoin community...

What do you think?