 Show Posts
|
|
Pages: « 1 [2]
|
BTC should be worth whatever the buyer/seller wants to trade them for.
I think that makes them more unstable then saying they're worth a fixed price. As I said before. (b*r)/(2500000-d) = (144004*50)/( 2500000- 1777774.4820015) = 9.9694622 That should be the current price, but it is slightly off Last Price: 7.89859 High:8.467 Low: 7.8 Volume: 21694 Weighted Avg: 8.0884 about $2 high. What does 2,500,000 stand for? It is a control variable for highest difficulty that is possible for quite a while. It is like how the score at bitcoin.cz or whatever pool does score is calculated. I fixed some of that in my later equation. |
|
|
|
BTC should be worth whatever the buyer/seller wants to trade them for.
I think that makes them more unstable then saying they're worth a fixed price. As I said before. (b*r)/(2500000-d) = (144004*50)/( 2500000- 1777774.4820015) = 9.9694622 That should be the current price, but it is slightly off Last Price: 7.89859 High:8.467 Low: 7.8 Volume: 21694 Weighted Avg: 8.0884 about $2 high. I'm sorry, but this equation can be infinity. Here is a new one that will keep the price under control (144004*50)/((2500000*( 144004/140000))-1777774.4820015) or (b*r)/((c*(b/m))-d) b = block r = reward c = control = 2500000 m = another control = 140000 d = difficulty |
|
|
|
Any reason why im at 700MB and counting then?
Sorry, that was a long time ago. Let me check again... I am at 813MB of both blkindex.dat and blk0001.dat so I guess my 300mb was on my laptop about two months ago. Sorry for false info...  Kind Regards, Marty Lee |
|
|
|
BTC should be worth whatever the buyer/seller wants to trade them for.
I think that makes them more unstable then saying they're worth a fixed price. As I said before. (b*r)/(2500000-d) = (144004*50)/( 2500000- 1777774.4820015) = 9.9694622 That should be the current price, but it is slightly off Last Price: 7.89859 High:8.467 Low: 7.8 Volume: 21694 Weighted Avg: 8.0884 about $2 high. |
|
|
|
How big is the blockchain (GB wise)? Is a new block generated every time a transaction is made.
A block is generated every 10 minutes on average every time a node (pool/solo) miner mines transactions. The amount of transactions per block is really random, so I cant tell you that. My file is about 300mb now with all the blocks downloaded. But it will grow to infinite size over infinite time. Kind Regards, Marty Lee |
|
|
|
Setup JSON-RPC support for your site.  I understand how to accept, but I was wondering is it better to trust someone else to do this for us with a more advanced and proven method, or should I do it myself. Kind Regards, Marty Lee If you're trying to support a growing site, use a third-party. If you're wanting to be secure and not have someone else monitor your payments...do it yourself. It's a per-person,per-basis situation. Thanks, I think I will go with accepting my own payments |
|
|
|
Hello, I looked at some bitcoin only services and saw that a decreasing value in bitcoins made their service no longer worth it
what is the magic value for bitcoin to current USD for things to be worth it. btc$15 ? btc$20 ? thanks
I agree, and I say that once bitcoin is at $20 I feel like I can buy that wii from... I forget the site, but it is that really nice video game site... and it will be only 4btc Kind Regards, Marty Lee |
|
|
|
Setup JSON-RPC support for your site. I understand how to accept, but I was wondering is it better to trust someone else to do this for us with a more advanced and proven method, or should I do it myself. Kind Regards, Marty Lee |
|
|
|
I transfered about 14 BTC to my receiving address (the address is correct). The transactions are in block explorer and my client seems to be up to date (currently 8 connections and ~130k blocks). The block count is increasing ever so slowly. The receiving addresses are present in my clinet. Where are my BTC? Did I lose them? I'm worried.
First off the current block count is 144000 (weird, it is dead on a thousand). Try closing your receiving client and forwarding port 8333 to your receiving client's ip on your router and you should see your connections shoot up to the moon. Then add fallback nodes: https://en.bitcoin.it/wiki/Fallback_NodesThen play the waiting game... Check https://blockexplorer.com/q/getblockcount to see the current block count. No coins will show up until you have all the blocks in your client. Or at least all the blocks up until your transaction occurred. Kind Regards, Marty Lee |
|
|
|
Hello there guys. I am just a newbie here in this site, I want to join this forum for I know that I will enjoy being here. I hope that I can know a lot of you here guys.  payday loans onlineGreat to see someone new on the forums. Please do not post irrelevant links and posts in any threads. (I am sure someone else will be here to say the same soon). But otherwise, nice to see more and more adopters of the crypto-currency. Kind Regards, Marty Lee |
|
|
|
I'm requesting to be whitelisted. Because I'm a legitimate user trying to figure out how to BS my way through five posts.
Do I sound annoyed? I hope so.
Look, this requirement is so easy. Other forums require 50 some posts before you are even considered to be allowed to other sections let alone PM people and many other things. So I would not be annoyed if I were you, I would be happy this forum even has a Whitelist request forum. Also, please do not whitelist me, I do not want the word "whitelisted" to be under my name on this forum forever, I feel that is not professional and no one can trust me as much as I would if I earned my way out of this forum. |
|
|
|
It seems to me like the price would be more stable if there were more commercial transactions involving buying and selling goods and services in exchange for bitcoins. At the moment it seems the two most popular bitcoin activites are mining and speculating.
True. True. We need to open bitcoin up to the world and make it so easy to integrate with bitcoin and entice businesses for doing so. Kind Regards, Marty Lee |
|
|
|
|
But if you were to have this on multiple oses then you are opening yourself up to more attacks on your wallet.
Kind Regards,
Marty Lee
|
|
|
|
Who do you trust. In the words of satoshi (however you spell it) What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.
But we rely on systems like bitcoin payflow and other payment processers like mybitcoin, and as we have seen our trust may have or may not have been in the wrong places. Should we just accept payments ourselves or do we trust 3rd parties with our payment needs. I feel that this has defeated the essence of bitcoins which is to take trust out of the equation and rely on proof alone. Kind Regards, Marty Lee |
|
|
|
|
I hate how the price has dropped. I bought 5 coins at 16 bucks, and now I am stuck with them. Mining is the best way for you to get bitcoins. My opinion on the price is that it is equal to the following equation:
(b*r)/(2500000-d) in USD
b = blocks
r = reward per block
d = difficulty
Kind Regards,
Marty Lee
|
|
|
|
See a pool uses pooled resources to mine a block, and your estimated rewards are non existent until they find a block. So you can't cash out until they find a block and then your bitcoins are in your balance. I would stop mining there, and they will eventually find a block and then you can cash out. Use http://btcguild.com or https://deepbit.net as your pool. they find a block every hour or so, and at btcguild if you donate 2.5% you get your rewards the second they find a block (or at least when they announce it which is an hour later than they actually find a block to discourage pool hopping). Kind Regards, Marty |
|
|
|
why hello roos! Welcome to bitcoins...  |
|
|
|
|
