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I remember back in the day when it was common for most posters in the forum to have 500, 1,000 or even 5,000 BTC and more at their disposal. Reading some of the posts now it appears that many people do not even have 2 x 0.1BTC to rub together. Even taking into account the exchange rate going up the average wealth of posters seems to have dropped considerably. Why is this so?
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Human beings are already in its preparation stage to launch the trained astronauts to be sent to mars. This is a preparation for the purpose of making human colonies at Mars. On the other hand some corporations are targeting to mine some rare metals on asteroids.
Bitcoin as a virtual currency can be sent anywhere in the form of waves and frequencies passing through towers, cables or even in air. Bitcoin can be sent to space and it is possible. Maybe in the future when space colony will be established bitcoin is the potential legal tender.
Is it possible? What do you think?
While sending bitcoins from other planets may be fun and all, it has a big risk of forking. Signals can take up to 42 minutes to go back and forth between Earth and Mars. Let's assume we have an advanced colony on Mars with miners. The blockchains on the two planets would fork since blocks on Mars and blocks on Earth would be created at the usual 10 minutes, but propagation delays would prevent blocks from Mars from being added to the chain on Earth, and vice versa. So I don't think Bitcoin would be fit for interplanetary use unless it has an unholy block time that's proportional to the propagation delay (i.e. We would need longer block times if we were to include Jupiter). Other electronic solutions would also suffer from the same issue (e.g. Paypal's database would not be synced fast enough between the two planets, or transactions would be painfully slow). I think the best fit would be actual fiat or gold. Take note that I'm not imagining any sci-fi stuff. All of these problems would be solved if physics allowed us to use maybe spooky action to get instantaneous communication between planets (e.g. Spooky routers that would instantly transmit data back and forth between Earth and Mars). You are assuming radio waves. While your concern is still valid, encoding on light waves would put it between 3 and 21 minutes, depending on distance of planets Huh? Radio waves travel at the same speed as light, that is, 300,000 km/sec or 186,000 miles/sec. And 42 minutes is the max possible time to go back and forth, so what exactly are you saying that is different with light? |
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When a bunch of white guys want to run their business out of Hong Kong you know somethings fishy.
Like Karpeles' set up when he ran MtGox. You have a point, maybe they were trying to circumvent some laws and regulations from their own country so that they could start operations more quickly. There is news that Bitfinex really does not have a license to operate. That should be a big warning to everyone and we should all avoid that site. Yeah, that's what I mean. I don't trust people that can't run a business from their own country. Karpeles runs from France to Japan. Erik Voorhees runs from the US to Panama then Europe. It makes you wonder what they're running from.Over-regulation? While there are plenty of good regulations in places like the US there are even more stupid ones that only serve to raise the barrier of entry for financial services startups. So companies like these move operations to locations where there is lack of regulation and customers suffer as a result. |
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EDIT:
Ok i might have missed something - in an outgoing transaction .. do i specify which incoming transaction is used to "spend" my btc?
So in this case A and B give a btc to C - C now has two btc which he can spend. If C now gives D a bitcoin - does C specify in the transaction WHICH transaction(s) he uses as input to give D the btc? And is this probably transparent in the blockchain? That would ofcourse change how i have to think about the whole picture.
Yes, in an outgoing transaction you specify the inputs. This is usually done automatically by your wallet software. However, if for example, you enable the Coin Control feature of Bitcoin Core, you would be able to explicitly specify which inputs are used for your outgoing transaction. |
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BTC-e is fine
Title is completely misleading. I just happened to have done a withdrawel this morning which went through faster than anything I have ever seen before.
Initiate withdraw, confirm the e-mail, coins are sent seconds after confirming the e-mail. This is not the work of a hacked exchange, rather someone who doesn't know how his account works.
Yes, I logged in after a year of never using them and successfully withdrew some change (about 0.2 BTCs worth of BTC and NMC) that I had accumulated in there. The only reason I use them is because I don't want to run my own NMC node/wallet and I get a trickle of NMC from merged mining. |
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Now I wonder if I would be able to use any Bitcoin miner to mine the forked alt coin from BTC?  You're designing your own alt - it is entirely up to you whether you want to make it compatible with double-SHA256 and Bitcoin miners. |
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Guess whos back?
It seems like their budget already ran out and they are gone now. Weird. |
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This is amusing. How many BitcoinJ clients do you legitimately need to run in a single AWS instance?
Banning these IPs at the edge firewall.
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In the OP's example, the analogy would be equivalent to digging a random hole in the dessert and by chance finding somebody else's buried treasure. That somebody is probably still alive and intends to retrieve the treasure at some later point in time. I think that it is still illegal since you are taking somebody else's property that was not abandoned.
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No matter how much Bitcoin is legalized by a government it cannot by definition be a fiat currency. Same thing with gold. A government may force it's citizens to transact in gold (valued by weight) and this does not make gold a fiat currency. It gets complicated if the government starts issuing gold coins denominated in values that do not correspond to the value of the weight in gold, but that is a completely different story.
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Yes, in the past I have occasionally clicked a link on a signature to find out more about the service or product. But that was a while ago. Lately I just ignore posters participating in signature campaigns because I don't have time to waste reading garbage or stuff that I already know that has been repeated 20 times.
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Of course not, 60M possibility would be broken in seconds. I feel safe with SHA256.
How about 1 in 1.0638735892371651e+56? I think 1 in 1e+109 would be the minimum that I would feel safe with today. |
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i think joining a signature campaign is the great way of earning bitcoin.
Aim for the stars, not the tree tops. Can't you be a little more ambitious? |
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I LOVE mining here -- but, maybe I'll need to go back to the hooker casino -- where I can control the "payouts"...
ftfy ... If by "control" you mean you don't want them per block, then yes mine somewhere else. I'd like to know how other people deal with this. To avoid crumbs and the fees associated with spending them I have been receiving payments into my localbitcoins wallet and letting them accumulate for a few days before withdrawing to Bitcoin core. Is there a better way to do this without using a third party service? (There used to be old-school techniques for consolidating dust/crumbs with old coins to create low-fee high-priority transactions but they don't seem to work anymore.) |
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I swear that those crap bot-generated posts that appear every 5 minutes in Bitcoin Discussion are generated by someone who wants to improve their Report to Moderator %.
No, I don't think. I suppose that there are a lot of users opening those 'crap' threads for the only purpose to reply with their main/alt forum accounts and be paid by the various signature campaigns. Improve your report to moderator % doesn't give you any benefit. I'm mostly kidding. However, I am referring to those newbie posts that are so bad that they get 0 replies and are deleted by a moderator within a few minutes (unless they are all asleep). I don't even know why people bother making such posts. Some of them are just random words put together and have zero meaning. If you just report these posts you are literally guaranteed a 100% accuracy rate. |
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I swear that those crap bot-generated posts that appear every 5 minutes in Bitcoin Discussion are generated by someone who wants to improve their Report to Moderator %.
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In 2030 a million bucks will probably buy you a 1 bedroom apartment in Detroit. So it is highly likely that 10 BTC will make you a millionaire.
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From that diagram provided from the website, it appears that the 12v lines 1 and 2 (which shares 2 EPS lines) with only 20A each are for the motherboard and that the power supply has 6 PCIe connectors but that line 3 and line 5 share a 30a rail, so it's pretty bad news for you as it appears that line 3 is a shared 30a rail or 15a each, and same for line 5. line 4 and 6 get a full 30a each (but share those 12v rails with the accessory lines each so if you have anything plugged into those then you don't get the full 30A for the PCIe lines). So you can pull 360w from the PCIe connectors labeled 4 and 6 if nothing is connected to the accessory lines. But you can only pull 180w from each of the other 4 PCIe connectors. So it's a 1440w power supply as far as you're concerned. If you get a EPS to PCIe adapter, you can use a 20A line for an additional 240w. https://www.amazon.com/gp/product/B005H3KH9E/ref=oh_aui_search_detailpage?ie=UTF8&psc=1 But if you use all 30A on the other lines then this one will only allow 156w even though it's a 20A line. B= 12v3 <<<<< 1x 12 amp C=12v4(30A)<<< 2 x 12amp F=12v6(30A)<<<< 2 x 12 ampA=12v3 <<<<< 1 x 12 amp D=12v5 <<<<< 1 x 12amp E=12v5 <<<<<<< 1 x 12 amp Here is what I can tell you there are a few guys on this site that owned this psu and were able to wire it correctly. I don't know if I can find the post it is at least a year ago. Based on HagsFinn you should be able to do this above Here is another post from 2014 which I used for my setups: https://bitcointalk.org/index.php?topic=304605.msg6195822#msg6195822 |
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Why would miners invest so much into electricity for half the reward? I see this ending badly
I think they can't really do the math or hope that some day btc will increase and they'll have a lot more money than they spend on electricity now. Even after the block halving, the current AntMiner S9's are making more BTC than the electricity they use even in the areas with more expensive electric rates. There is no reason why people who already have bought S9's are going to shut down any time soon. And if you look at the network hashrate since the halving it has not dropped one bit. http://bitcoin.sipa.be/ |
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I did not know that people lived past 45. Last time I checked I was living on the set of Logan's Run.
Logan's Run? Do young people even know what that movie was all about? You must be over 45. |
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