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If the wallet is encrypted with a password and you do not know the password it is pretty much worthless to try and import it now. You will need to wait until computers are able to crack passwords at a crazy rate. It can take you years just to figure out a 8 letter passcode.
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Okay... So I just moved from a normal QT wallet on my computer to the blockchain wallet. I have it on my android tablet now, and a backup on google drive. How secure is it? And how many if you are using it? ~Hamuki  I use block chain for my small amount of bitcoins. I am sure lots of people do the same. When thinking of how secure you have to think of a few things. How many bitcoins am I holding? Is it worth it to be extra cautious for this amount? If so then you should first off get rid of the backup on google drive. It is much safer to put the backup on a new flash drive that is cheap then to upload it to the cloud even if it is google. Also blockchain has had multiple cases of people loosing bitcoins. If you are truly concerned about the security of your bitcoins and you have a lot then a paper wallet may be the safest place for you to store the bitcoins. |
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Are there any simple instructions on how to use this anywhere?
This is what I have done. 1. Go to https://www.bitaddress.org2. Download the zip file. Upload it to a new flash drive. 3.Use a offline computer or a new computer. 4. Open up the bitaddress.org.html file. 5. Generate a new address and print it out. This is the best way that I have learned to have the safest bitcoin wallet. |
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Money or types of currency have been used since 700 BC. Since then it has been a way for people to fall into a certain social class and also so that everyone would not own a $500,000 house. If everything was free would you want to work? Almost everyone would say no. Money used to be backed up by gold (at least in the US). Since then the dollar is based on the governments supply of money instead of it's actual backing in gold. If you look at Germany after WW1 they printed tons of money to pay back the countries that they owed and the citizens money was almost worthless because of the extreme inflation rate.
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Turned my miners off 6 months ago as it was getting to the point of no return on braking even each day and eventually started costing more in energy then it was producing BTC and the drop in prices and energy costs continue to spike or go up is not cost effective. It was a hobby but turning out to be way to expensive. I will only put my miners to work when a new sha coin comes along and mine it for a few days to get a chunk of them. Maybe when something comes along to be better or btc prices go up then might consider to turn back on but right now their staying off until prices are better or theirs a better alt coin out to mine.
why dont you sell the miners , and then later on buy an more updated ASIIC for the money ? imo this would be the most economic choice atleast. You get nothing for the miners no days. Maybe get $50 to $100 at most for an S1 old 80GH Avlaon maybe $20 if that lol and to compare with Antminer s5 are 370 USD for 1.1TH mining power so for 200GH miner going to get what a fraction so its pointless to sell on when can use it to mine towards other coins when they come out and make that 10x over when the coin goes to exchange. It is far better to keep and m ine the odd few days here and their with antminers than to sell for next to nothing. You would be lucky to get $50 for an S1 in my opinion. I see them going for $20, and then the rest of the price would most likely come from the shipping of the actual unit. Most people will not buy a large lot of S1's. Another large problem is actually finding people to buy your miners. |
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Has anyone attempted to pay people in cold places to install a compact ASIC like the Spondolies SP20 to heat up their homes?
This is how I see it can work.
1. Load the ASIC up with firmware that locks out the mining pool config from being changed.
2. Provide the "heater" (ASIC) for free, and pay for 50% of the electricity running costs.
3. Effectively mine bitcoins at 50% of the normal electricity costs, with no warehousing costs.
4. During spring, have the residents return the miners and ship them to another region that is now winter.
It's a good idea, but it will not work. I don't think that people are willing to spend 50% of the electricity a miner takes up just to heat their house. They need to watch over the miner as well. Natural gas heating is far more economical even if you find people that live in very cold place they probably already have cheap electricity. |
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Is it worth to start mining now?
No it is not unless you are able to afford a very large miner and have cheap electricity and you have enough time where you can break even if it takes as long as 100 days. You can use http://www.coinwarz.com/cryptocurrency to find out how much you would actually make. |
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My guess is that unless you have very recent equipment such as the latest models from Spondoolies or Bitmain then they aren't interested.
This is all that I can think of. They should still message back though just because it is the right thing to do. My guess is also that they do not have enough staff to answer everyone. I think they said they were only interested in the S3 and the SP20. I may be wrong though. |
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This actually sounds really cool. I can see this getting lots of attention since it is very unique. Good job so far.
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You won't be willing to use escrow then? How can anyone trust you even if it's just for half payment of 0.12BTC?
I am not here to earn your trust. I do not need a "middle man" for my work. If anyone wants a website copied, just make the first payment and contact me with a PM to get your order started. Do you have proof of any of your work? You are asking for people to send you $35 upfront with no proof that you can actually do it. |
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I think at the most .01, and I really don't like to gamble. I would rather keep the money than to loose it.
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Solar and hydro are 10-15 year investments and is difficult to justify just for mining. Good mining hardware is only useful for 18 months, so it doesn't make a lot of sense to install. (Although that portable hydro plant looked really cool.)
We're the cheapest hosting in the world. There were some people looking for numbers before. Prices start at $67.80/KW and go down from there for pre-payment and larger orders. (And if you want to talk really large orders, we're adding another MW in the next few months, and our bulk prices are also lowest in the world.)
We're located in Canada, carry insurance and have staff on site 24/7.
Run the numbers for your example setup. I see you have a rack of 10 Spondoolies. Assuming they are SP30s, drawing 2400 watts each, that is 24kw per hour. In a month that is 24kwx24hoursx30days=17280kwh. I am guessing you are charging $67.80 Canadian per thousand kwh? So cost for a month is 17.280*67.80= $1171.58, which is $39.05 per day. If your Spondoolies are pulling in 40 TH you are doing very well. At current difficulty that would be about 0.44 BTC per day in a big pool. If bitcoin price is over $100 you are (in theory) making money. Am I missing anything? Other than the fact that your power is 1/3 of the cost of power in Alberta, which makes me wonder a lot... The upfront cost of solar power is a lot more than just $100. The normal house using solar power is a usual 15 year investment. It is very risky considering that btc has only been around for 6 years. |
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Sound money to me is exactly what you mentioned. I feel that btc has most of those things except for a stable price. I think that is the biggest thing that holds btc back. While I understand why the btc price is able to change, and that it is important to change since it is not relying on fiat. I feel that is the biggest thing holding btc back.
price is not a concern for me, but you are right: whenever i try to bring friends to btc i hear that argument (some i have convinced). we need more adoption to get a stable price and a stable price will get more adoption  Whenever I try to tell friends about bitcoins I hear almost all the time "but the price is not stable" that is why I think that is one of the biggest things holding btc from being sound money. |
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Bitcoin has the potential to play in PayPal's league, but Bitcoin will never become a global currency. I do not believe in the moon stuff.
I am agreeing with this. Although I do see very high bitcoin prices I don't see a price that is too the moon. The price will not just change by itself, but rather with large scale adoption of major players in fiat as well. |
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Sound money to me is exactly what you mentioned. I feel that btc has most of those things except for a stable price. I think that is the biggest thing that holds btc back. While I understand why the btc price is able to change, and that it is important to change since it is not relying on fiat. I feel that is the biggest thing holding btc back.
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Just had a quick idea on education. Someone was talking about free school, but what about commission school (lack of a better name). Possibly private school, maybe public, but for all earnings in the future, a percent of it goes to that school for a lifetime. Something like 10%. School is free (and better quality) and has a lifetime income flow from graduates (assuming the graduates actually go and get jobs). So the 10% is taken from the after tax income, so if you have about 50% income tax thats 5% of your total income, which isn't bad considering you got free quality education. Also keep in mind that private schools are sometimes upwards of 20k per year, thats 240k over 12 years, plus university which brings it to probably 300k rounded, and so that would be about 10% of 3 million dollars of income over lifetime, and I would say that with a GOOD job, only possible through a private education and a good university, that would probably be a lifetime income enough to cover the 10%.
What do you guys think?
That is a good idea, but you have to take in the unemployed those hurt or disabled, and those who simply refuse to pay after a while. |
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I have to admit I thought this project was long abandonded.
I had the same impression. It would be a shame as the idea is really good. It sounds like a great idea. I hope as well that no one has abandoned the project. I remember when this thread was originally posted and I tried it out for a couple of minutes, but I am not really into RPG's that much. |
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I heard that they were trying to only sell in bulk. I may be wrong on that though. I believe they may have something even more power efficient. I really don't think that they should get more th/s in the mining gear and instead focus on the power draw. If they would be able to get to under 0.3 W/GHs they would do great with business. The halving is the next major thing for manufactures to think about when making mining hardware.
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I have tried to contact MBP through their website and also by PM here on the forums... It seems they are to busy to answer questions or respond to inquiries so I am going elsewhere... I can see doing business with a company that doesn't respond.
Maybe they are a business and don't work on weekends. I appreciate the comment, hope you feel better. I sent e-mails about 10 days ago and again about 5 days ago. I also sent a PM about 10 days ago. I believe it was prior to this thread being started. They may be very busy, or maybe just not interested in the miners that you offered and don't feel they need to respond. They should have responded even if they didn't want the miners that you offered. 10 days is a long time. Possibly they only have 1 or 2 people actually going through the emails that are sent. |
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I think the only way to get free bitcoins is faucets , other than that there isn't a free way but you can do small things to earn it
Well even with faucets you usually have to solve captcha's if you like btc's then most would like this forum. Signature campaigns may end up be as complicated as a captcha, but they pay a lot more. |
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