Both of you probably missed the subtle satire in my post. It definitely was not an advice. But, if someone proposes to change the Bitcoin protocol to be ASIC resistant, then they will be better off by converting their own BTC holding to BTG or BCD.
it is incredibly difficult to convey a satirical message in text without making it incredibly obvious. it's pretty easy to miss to be fair. however, there's no basis for converting bitcoin holdings to its altcoin forks in the hypothetical scenario, nor have you provided any explanation for your thought process. care to explain? How about freezing the difficulty once the block rewards have finished. This could lead to the block generation time being linked to transaction volumes and fee rewards. This could also help with scaling.
an interesting idea, but personally, I think there has to be some correlation between the difficulty and the network's total hash rate; as long as there is a reasonable amount to be made from mining blocks, people will keep buying miners to increase their odds of mining a block / their share form the pool. if we end up basing the difficulty purely off other variables (tx volume + fees in this case) we might end up with an incredibly disproportionate difficulty and drastic changes to the bitcoin network. |
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Dear Stompix,
we have a very warm relationship with Bitmain on both levels of sales and tech support and we are for many years officially buying and officially selling and now concluding together with Bitmain regular and systematic monthly supplies of their equipment to all our locations (Armenia and Russia).
As for the warranty you are absolutely right. Bitmain is obligated to take care of the warranty, but as for our buyers we always find the ways to make things work.
So we offer to our customers all variety of services and we support them during all the lifecycle of mining.
other than the fact that your post isn't proof of nay sort, thats sooooooooooooooooooooo great for you that you have such a great relationship with bitmain. maybe you can ask them to put something up on their homepage for you guys. im really fucking sure they would have no problem doing that for you since youre on such great terms. As for our pictures that we use: we have several business activities besides cloud mining, for instance: - Equipment hosting - Data centers - Equipment sale (we are an official Bitmain distributor) So yes, we do sell some equipment on different platforms, as Russia is among our main markets.   ENHANCE. so you're claiming this picture actually was taken by you guys. so is your organization called ecos or avito? hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm |
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it would cause issues like if there is a bet id or hall of fame. Basically they would need to recode everything for play currency to ignore incrementing the bet id and also ignore functions such as hall of fame or high roller section, etc. So I think its easier for the site to give the user an actual amount of real BTC rather than play money.
why would they need to recode everything? casinos are more than capable of adding more currencies (altcoins) when the time comes, why would play money suddenly be impossibly difficult to implement without recoding literally everything? if your code is that trash and doesn't have any room for additions / expansion, you've no reason running that service in the first place. and bet id's? just keep them separate: id's for bitcoin, separate ones for altcoins, tokens, etc. where's this assumption of yours that both methods of play have to be kept together? and hall of fame? high roller tab? that is trivial compared to shit like this: However the abuse started much later on in 2017 when if I recall PD was losing about 20 BTC daily to faucet abuse.
do you honestly think a high roller tab takes precedence over losing tens of thousands to faucet abuse? |
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ECOS, what is your answer for that picture above? It is strange situation here, I am curious how come that pictures are the same.
whats there to be curious about? they stole the picture, did some editing to hide the fact, and tried to pass it off as 'proof' of them having hardware. at the time i'm posting, seems they've decided to conveniently skip over answering this one. Based on the information, provided on BTC.com, 0,00003169 BTC is the mining earning of 1 TH per day, which is 0,37 USD (with exchange rate = 11850 USD for 1 BTC). The daily service fee is 0,13 USD, so the daily profit can be estimated as 0,24 USD. The revenue you receive is around 87.6 USD, where your net profit is estimated as 48.6 USD.
If Bitcoin exchange rate grows the profit will be even better.
a business offering a product when they could make double the money using it themselves. sure. not a red flag at all. everyone should totally believe that you're giving out this wonderful opportunity for free money. /s why have you conveniently put off answering this question hmm? |
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I cant fully agree if disabling faucet can affect the site negatively. The faucet amount is just so small amount while users can earn much more through the rainbot, challenge, forum rewards, and many other promotions. Real gamblers wont really care about faucet in general imho so I think it is OK to remove the faucet.
Maybe they're spending so much on faucets that it's reducing their profits and those amounts could be spent on something better (ads contests,etc) . I also think it's reasonable for them to remove the faucet because the main reason for it is to play without a deposit and we can still do it since they don't have a minimum amount in all of their games. With that said, their faucet becomes a bonus and unncessary. if you've spent a few minutes in any online crypto casino, you'll come to notice there's a fair number of users that will literally sit on the site and farm the faucet trying to make meager amounts to withdraw over and over. it's only a few cents, sure, but factor in that there might be dozens, hundreds of users trying this multiple times a day and it adds up. I think the faucets will pretty soon be a thing of the past. Basically the faucet was invented to try out Bitcoin without having to go thru the hassle of buying it or mining it. And the purpose of the faucet with a gambling site was to try out the site or the type of game before actually going thru the hassle of doing a deposit. Because if someone didn't like dice, or the speed of the site, or the features of the site it would be annoying having to make a deposit, pay a miner fee, and then the site would have to pay another fee for the withdraw. Hence why the faucet was invented.
However as 2017 rolled around, there was massive amounts of abuse with the faucets. Basically I think it was like 0.1% or so that abused it but they took 99% of all the faucet payouts and the site had no other choice but to disable it. Because those faucet abusers almost never made a deposit and contributed nothing to the gambling website.
Hence why you will see more and more sites use tokens or some type of demo play to test out the site. Since it was becoming very troublesome and took too much man hours to sort thru all those withdraw requests which were purely out of faucet earnings.
honestly, faucets are just a continuation of a tradition at this point; if the casinos really wanted to they could easily just put play money up for the users to test the site with. a sikmilar solution was implemented by bitvest, where the faucet is purely play money now (they can be redeemed for actual coin at a certain threshold) in the form of tokens. |
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There are already 2 ASIC resistant forks of Bitcoin, namely Bitcoin Gold aka BTG and Bitcoin Diamond aka BCD. So, instead of changing Bitcoin to Asic Resistant, it is better to change your BTC holding to BTG & BCD.
bitcoin gold the fork that was 51% attacked quite successfully? yeah how about not. Yes yes I know that not one entity can control it but if the 3 largest pools decide to act against it,
they can.
except these are just pools, and the pools do not control the miners and where those miners point their hashing power to. if the pools did decide to band together (which i personally think is extremely unlikely) and launch a coordinated attack on the network, the miners can choose to stop pointing their miners to the pool. The way you try to explain to this is only a half truth, in reality it's a lot more decentralized than you're trying to make it seem. |
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This is funny.
It is more like "if you can't beat them join them" kind of thing
There are other similar critics who ended up "hoarding" lots Bitcoin lol. Now they have mouths full of cryptocoins and dont complain too much or threaten fire and brimstone
seems to be the idea that most 'big name' people are taking to these days. definitely nothing to do with the price of bitcoin. no not at all. but really tho, a lot of companies, financial orgs, and namely, rich people are taking a lot of interest in bitcoin and cryptocurrencies nowadays. Peter schiff never did like crypto. Bitcoin has changed his mind  , now we need to change his mind on altcoins too Maybe he might just like HST decision token  more like bitcoin being stable at 10-11k usd changed his mind. |
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The ability to 51% attack one time for a few hours doesn't imply trust. In fact, the possibility of 51% attacks has nothing to do with trust. The only thing the attackers can do is censor transactions for a short time.
partially correct; given the hypothetical situation where the attackers would be able to sustain the 51% attack for say, a few hours, they would not only be able to keep transactions from being confirmed as you said, they would also be able to reverse transactions made during the time they were in control of the network, enabling them double - spend coins. Yes, I'd consider rollbacks under the umbrella of transaction censorship. You're correct that a double spend attack is possible. Since the attack would be so short-lived, though, I wonder if the rollback would survive. that's fair, didn't know the full extent of what fell under your definition of 'transaction censorship.' that aside, in the scenario of an actual 51% attack, it is definitely possible for the double spend to survive beyond the duration of the 51% attack. While the main bitcoin network has never been victim to a 51% attack, some smaller PoW blockchains have; it all comes down to weather or not the attack can mine more blocks and create a longer 'version' of the blockchain which includes their double spends (they would be mining on their own fork for a bit since it does differ from the main blockchain). if the attacker manages to mine a longer blockchain and broadcasts it to the network, the bitcoin protocol will deem the flawed chain as the 'real' chain, and the network will swap over, effectively rendering the 49% chain useless. again, incredibly unlikely to happen on the bitcoin network anytime soon. there are examples of it having been accomplished on altcoin blockchains in the past, namely bitcoin gold. a few more examples are included in this article: https://cryptoslate.com/prolific-51-attacks-crypto-verge-ethereum-classic-bitcoin-gold-feathercoin-vertcoin/ |
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The problem you have is with money. All reliable forms of money require significant energy expenditure. How about the mining and minting costs of gold, or the energy running the entire banking system from physical ATMs and bank branches to SWIFT infrastructure? At least industrial miners have economic incentives to seek out load balancing arrangements with power generators, where Bitcoin saves energy from being wasted.
POS is a nice ideal, but don't be surprised when people demand a more theoretically and practically secure method to secure their wealth.
It never actually occurred to me to think of currency as an expenditure of energy this way, thanks for that take. The ability to 51% attack one time for a few hours doesn't imply trust. In fact, the possibility of 51% attacks has nothing to do with trust. The only thing the attackers can do is censor transactions for a short time.
partially correct; given the hypothetical situation where the attackers would be able to sustain the 51% attack for say, a few hours, they would not only be able to keep transactions from being confirmed as you said, they would also be able to reverse transactions made during the time they were in control of the network, enabling them double - spend coins. I personally think the opportunity to double - spend coins is the more likely of incentives for an entity to attempt a 51% attack, given how much energy and money would be required. then again, if they did it just to halt bitcoin transactions, man they must really hate bitcoin. |
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This Pompliano guy is all over the forum today.Why is he so important?
probably some bigshot that recently set their sights on crpyto; that's just a guess though. And yeah,holding 100% of savings in fiat money is a bad decision.
holding 100% of your savings in any one currency / commodity is a bad idea. seems to me this man has accepted bitcoin as just another currency, and is simply diversifying. My opinion: Storing your wealth 100% in fiat is a bad idea, but at the same time, storing majority of your funds on Bitcoin can or might also be a bad idea. I think the former is worse though. But I'd definitely take my wealth on other places, like probably real estate.
it 100% is a bad idea' not only are you pouring everything into one asset, you are putting it all into an asset that is incredibly volatile. imagine waking up and being worth 10% less then you were the night before. add in the fact you can't really purchase most things easily with just bitcoin, i'd argue having everything in bitcoin (or any cryptocurrency) is worse off then having everything in fiat. most of the world is ding fine with just fiat anyways. |
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what software are you trying to purchase?
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I'm curious about this issue so I tried it, I can claim the faucet without waiting for zero balance. I can collect the faucet but I cant claim it continuously, at least I need to wait for several minutes/hours in order to be able to claim. I'm not sure about the limit of the faucet, but I believe the faucet need to be fixed. At least only zero balance can claim the faucet, otherwise people may abuse it by keep on collecting till they reach the minimum withdraw (+ fee). Indeed it may take many days to meet the minimum withdraw but if there are many people doing it then it wont be good for the site.
This was the bug I was referring to: anyone who's been in an online casino's chat for more than 5 minutes knows there's plenty of rather special individuals who will sit on a site's faucet for hours and hours each day; with enough people, my worry was that this would risk investors' money. mintdice has reached out to me regarding the issue. -
2 minutes later I can claim, but not again until 10 minutes later. And so on until 5 claims,,, so it seems the bug is only affecting the single user subSTRATA. I wonder why this is:)
not sure why everyone misunderstood it to mean this, i thought i clarified enough in my post, guess not. |
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I don’t understand a bit, but how profitable is it now cloud mining? I would like to start using it.
Dear Zianingbu, Let’s have a look at the estimated profit of our contracts based on current mining difficulty and BTC price on July 05, 2019. ✔️Example: 365 days contract, 1 TH, price 39 USD Based on the information, provided on BTC.com, 0,00003169 BTC is the mining earning of 1 TH per day, which is 0,35 USD (with exchange rate = 11186 USD for 1 BTC). The daily service fee is 0,13 USD, so the daily profit can be estimated as 0,22 USD. The revenue you receive is around 81.9 USD, where your net profit is estimated as 42.9 USD. If Bitcoin exchange rate grows the profit will be even better. that's a pretty generous estimate; your estimate assumes a constant block difficulty and consistent rewards.  The difficulty has risen over 50% since January, and according to coinwarz, 24.3% in the last 90 days ( https://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-chart). Unless some of the big miners decide to simply shut everything off, the difficulty will only continue to increase, diminishing the effectiveness of hashing power as well as the profitability of these contracts (assuming it's legitimate in the first place). tl;dr, these 'estimates' are incredibly generous at best, and realistically, you'll make pennies, if any at all. I don’t understand a bit, but how profitable is it now cloud mining? I would like to start using it.
do your own research before putting your money anywhere. after some shady shit like this: https://bitcointalk.org/index.php?topic=5156577.msg51645545#msg51645545I would just stay away from this entirely. - as for our referral program - 10% reward is an average %, you may study all cloud mining services, they all provide the same 10%. These costs are in our marketing budget. If we offer less % we won't get any partners at all. Hope you can understand I have a feeling these other 'services' you're referring to are just other ponzis that can afford to give out those rates. |
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So, in the long run this is just like seuntjie bot but with AI built in it and I am pretty sure its not "AI" because that is artificial intelligence whereas this is at best case machine learning software that's it, calculates what the results were and decides which side it will land on. So basically this is some sort of improved bot to already existing ones.
working ai or not, you cannot teach a program to predict randomness. this isn't like currency trading where patterns absolutely can exist, and some bots certainly do take advantage of this fact. however, this is completely random. you cannot teach a program to predict something that's not supposed to be random. I've seen some 50-50 rolls hit low 15+ times in a row, how exactly are you supposed to 'predict' that? there's no criteria a program can go off of. And if it's a skill-based game, there aren't good enough bots that can play better than a person who has good skills and experience.
there most certainly are. poker is a prime example; poker is the only game where player skill actually has a fair impact on the game, and bots do exist that can easily win over professionals over a number of games. |
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Accounts connected: onhlaaygia31 ( https://bitcointalk.org/index.php?action=profile;u=2339841) kampaman ( https://bitcointalk.org/index.php?action=profile;u=2476254) radambom123 ( https://bitcointalk.org/index.php?action=profile;u=2356052) AbigailjLilyj4848 ( https://bitcointalk.org/index.php?action=profile;u=2390146) emetght ( https://bitcointalk.org/index.php?action=profile;u=2339845) oketamaningj ( https://bitcointalk.org/index.php?action=profile;u=2476297) taylo6895 ( https://bitcointalk.org/index.php?action=profile;u=2369736) julienkangtambomxzc ( https://bitcointalk.org/index.php?action=profile;u=2356119) https://bitcointalk.org/index.php?topic=5161851.0Hello, I'm Misa now I have a lot of free time, I have more than 2 years of market experience that can manage society very well. - Always present 18/24 to solve community questions, experience in 2 years, I can good audit and eliminate cheating in spreadsheets.v..vv.vv. - You can try it for 7 days, if you are interested, please email or telegram I will contact you first in this topic, My telegram: https://t.me/nabiiizEmail: Kissofdeath110@gmailIt's great if you pay me weekly with BTC, ETH I don't ask too much use of email - https://bitcointalk.org/index.php?topic=5131960.msg50910535#msg50910535http://archive.is/K2iY1use of email, ig, and fb kissofdeath110@gmail.com
https://www.facebook.com/luciane.prado.7773
https://www.instagram.com/laysa.costa92/ - https://bitcointalk.org/index.php?topic=5151906.msg51414779#msg51414779http://archive.is/CM9cguser of same fb as previous, user of telegram handle https://www.facebook.com/luciane.prado.7773
dangan12c4 - https://bitcointalk.org/index.php?topic=5073619.msg49060214#msg49060214http://archive.is/CwLCKuse of same telegram as previous - https://bitcointalk.org/index.php?topic=5149398.msg51704000#msg51704000http://archive.is/ES3fouse of same fb as previous https://www.facebook.com/luciane.prado.7773 - https://bitcointalk.org/index.php?topic=5125073.msg51196480#msg51196480
Week Number: Month 3 Week 1 (May 21 - May 27)
Telegram Campaign :
My Number on the Spreadsheet: 687
Telegram Username : @dangan12c4
Posts:
-(redacted)
http://archive.fo/Bsk8Xuse of same telegram handle as previous - https://bitcointalk.org/index.php?topic=5122924.msg50495391#msg50495391http://archive.is/jRzKNuse of same ig as previous https://www.instagram.com/laysa.costa92/ - https://bitcointalk.org/index.php?topic=5074548.msg48644624#msg48644624http://archive.fo/1wSqiuse of same telegram as previous |
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I'm not quite sure that these financial groups are aiming to help bitcoin grow in any way; the growth of bitcoin if anything hurts the influence these institutions have. If anything, they'll try to manipulate the price and seek to have their own trading bots go at it. seeing as how bitcoin is fairly more volatile as an asset compared to most stocks, they stand to make a pretty large amount if they are able to assert any control over the price.
They probably aren't, but they probably realize it's inevitable anyway, which is why they're going to enter in the first place. Either way, the end result is the same: more money in the market, and a more bullish case for investors. sure, it's more money in the market and more trade volume, but price manipulation is a very real thing, and once they learn they can manipulate the price with their billions, its just a matter of time before they start going further and further. for example, who knows if these groups arent planning their own crypto mining facilities? If bitcoin becomes big enough to seriously threaten the hold the banks have over the financial world, im sure they wouldn't have a problem finding the money to go as far as starting their own mines and attempting to start chaos in the network, possibly even go as far as a 51% attack (unlikely, but definitely possible). Right, the increasing adoption of bitcoin and being considered a digital gold means bitcoin is here to stay and for financial institutions to survive they have to adopt it. For me, bitcoin will have a massive increase these year considering that it is still half way through the year and bitcoin price is now at a five digit mark, corrections are always there but I guess $20,000 price of bitcoin will be very possible to happen.
It's not a matter of the financial institutions surviving; they're just testing the waters right now. Currently, bitcoin is starting to take off to the point where these institutions can't just ignore it anymore. give it time, im personally of the opinion that these institutions will try to kill bitcoin off once they deem it a threat. |
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I just tried the faucet and it looks like they fixed it by now. Played a few rounds of dice, it seems smooth and no fuckery going on. I didn't like the voice effects and the animation thing though. It took me a while to find where to disable them.
nope. just tried it seconds after reading your post. still bugged.  |
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Thanks for sharing. Indeed it isn't working as intended. We have limits of 1x per 2 minutes, 2x per 10 minutes, 5x per hour and 20x per day. We'll look into this, but keep your free bounty  I don't care for pennies, just make sure the site is rid of flaws such as this. if you're allowing investors to take a portion of the hit for players' wins, you absolutely cannot have glaring bugs such as these that risk the money of others. I've been playing around with the site to see if I would invest into it, but as it is now, I wouldn't put my money here, and would advise others not to either. bugs are expected with new sites, but this is some basic shit. |
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This user recently woke up from a long period of inactivity.I believe this account is probably hacked or sold and the funny thing about it is that it has a trust flag and the user itself supported it, probably the one that uses this account is a total weird. Here is the trust flag created by DireWolfM14: https://bitcointalk.org/index.php?action=trust;flag=320 im not so sure its hacked, going through the post history a bit, the user requested a loan with the same address they were using back in 2015. https://bitcointalk.org/index.php?topic=5161164.msg51691142#msg51691142 (locked, cannot quote) Plugin is installed ! Thank you !
Your registration ID :
859189-f25c8471902940b0fd2281d00bc9e849
address :
1JxXDzcnWk1sMR1JiG2agZeELEa6g95pXd
they did try to run a ponzi in the past under an alt it seems, and there's quite a large gap from late 2017 to now where they were inactive. probably just trolling. |
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