People would need an extra device and most of them just have a smartphone. Not necessarily, you can have a paper wallet, you can have a real cold wallet, and you can secure your private key in a hundred different ways, there are a lot of ideas on this forum alone, like: Securing Your Seed Phrase with WashersI'm sorry but I have to agree with the rest, you're not teaching them to buy and use bitcoins, you're teaching them how to trade stocks on an app, might as well just buy some government bonds and that's it. The whole thing of being independent and gaining that is erased since they will simply get addicted to the easiness of controlling their finances from an app like Binance and just be happy they see some great numbers. If they enjoy the experience, they should adopt extra safety measures for larger invested funds.
As I said, it's more about the gains, not bitcoin, right? To enjoy the bitcoin experience they would have to first deal with bitcoin! If the sum is already small like 1$-10$ and they wouldn't care about it anyhow, why don't they run their own wallet on that smartphone, learn how to make a transaction, learn how to receive some, about fees, memory pool, confirmations, not about 50x leverage on shiba inu! |
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We are talking about heating an entire house not a 8 by 8 room
An s19xp would be even better. You could also resell it 3 years down the line
It doesn't matter, what's prohibitive for just seasonal heating is the initial cost. When you can buy as the OP said for in his situation 2x1300w for $300 versus a low mode $2000 S19 for 2400W, the second one must produce from the start $1600 on top of what the S9 mine in the limited amount of time you're using that miner, as I don't think you are going to mine in summer even if you're away! Since the power cost is the same be it an S9 a S19 or a simple heater as they would have nearly the same power draw and same heat release all you have to do is to do the math for the income generated versus the extra acquisition cost. So tell me what time will an S19 in low power beat the two S9? Remember this is a thing about heating your house with minimal cost, not making profits and turn into a 24/7 mining operation! |
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~
It could be set to run full hash while you are away from the house quite easily and 10% or less capacity while at home. Bitmain is already considering low power options for home miners!
Still, it doesn't make sense from an economic point of view if you want to save money on heating bills. Let's assume 5 cents per kwh and a run time of 12 hours with 4 months of heating and that revenue won't change in 5 years. The s19 will earn you 3.5$ a day, and consume 2$ of electricity, so a total gain of $1.5 a day, $180 in profit a year of heating, $900 over 5 years, minus $2000 the miner, that's loss of $-1100. The normal Walmart heater will obviously just burn electricity, making it $240 a month, $1200 over the 5 years period, plus the cost of the heater 100$ , which would make it more costly by $200 in 5 years versus the miner. Assume now that the income will not change, the miner will not fail, you do need 12 hours of 3kw every day for 4 months at least. |
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Great! thanks Crypto! keep on going this way!!
Crypto worked perfectly! transaction is confirmed in the LTC Blockchain. What failed, in this case, is a centralized exchange that provides no support, it's like blaming Ford because your mechanic forgot to tighten your wheel nuts and you ended up in a ditch. Anyhow you have a contact support option in the menu once you log in, or at least it was there the last time I used Binance. |
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whats to stop someone from running a s19 at 1% fan speed with a heavy underclock? it would be much more efficient compared to an older s9 when ran at 300W or something
Because an underclock S19 would still do 2300W which would release more heat than an S9 mining at full power, thus the fans are needed. It's one thing to disperse 600W in a cold environment a different thing for 2000W. And if you plan to strip it down to reduce consumption, why even do it, you're just throwing away money at a really expensive heater unlike what OP is doing. the problem is, you can't currently slow down an S19 miner... I do not know any firmware / software with which it is possible and it must first create the ROI and make a profit like an old S9  There is: https://bitcointalk.org/index.php?topic=5428227.msg61466927#msg61466927 |
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But why bother investing in bitcoin mining stocks if you can just directly buy bitcoin itself? I mean you can't be sure if a mining company can sustain their business unless they have access to a cheaper electricity cost and cutting edge ASIC miners in which majority of them relies on these factors.
Pretty simple reasoning, a bitcoin miner can make a profit even if the price stays flat or it goes down, while you holding coins you can't unless it goes up. Same with stocks, you can make money while the price is going down, and even gain comparable to the bitcoin price in some intervals. For example, MARA was 2$ in October 2020, it's $8 now. Bitcoin was ~$11 000 at that time it's ~24 000 now. It also peaked at $75 so with the same timing you would have experienced better returns than just buying and selling BTCI saw a thread on here recently about marathon, I don't know if they're directly invested in mining but they seem to be at the top of my Google results.
They are, they have around 7 Exa with around 12 Exa waiting for being put online by the end of Q1, so around 4-5% of the global hashrate. LE, fixed the wrong quote, damn tabs! |
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I don't know how in the hell they gain users attention with such faces
People that are curious who the idiot is or doctors that realize the guy suffers from some rare disease and watch his video to see if they should notify him to get a medical check-up. Also thumbs down for the second guy in the picture, that face is so cringy I need to have the memory of every seeing erased asap. As far as I call tell from the replies, people hate "crypto advisors", and that's good. I do too. They're idiots, no-lifers, and reproduce the same shitty script again and again; they're like astrologists, but for money. But, who's their audience? They are the ones who're worthy of embarrassment.
Before the pandemic, we actually had a Flat Earth "conference" in the capital and some 75-100 guys paid 20 euros to attend! Millions buy books on how to win the lottery, there are 1 billion users on youtube and definitely, some are not the brightest but greedy and it's easy to fall captive to a get rich quick strategy, not to mention the one that lost on the previous advice and now on a copium run are eager to reverse the trend since the guy must be right at least once, right? And speaking of that, bitcoiners who post only meme coins on Lambos and how they will own castles 10 years from now while plebs work in the sewer are not helping the situation either. |
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I think Switzerland has been going cashless more many years now, and with the advent of bitcoin it makes sense that they will also be spearheading in in Europe. And their government is politically libertarian, so there should be no surprises as well as how they adopted bitcoin as compare to the other nations out there.
Switzerland is nothing special when it comes to a cashless society it has the same number as other European nations far behind the nordic counties. https://www.reuters.com/business/finance/cash-loses-its-shine-pandemic-still-king-switzerland-2021-06-23/Now a third of payments are made via debit cards, up from 22% four years ago, while credit cards are also becoming increasingly popular. Both are benefiting from the rising use of contactless payments. Some 70% of the population keeps cash at home or in a safety deposit box, with most (77%) holding up to 1,000 francs to deal with unforeseen expenses or as a long-term store of value. It's not like Germany but neither like Sweden. Bitcoin's adoption is like a disease that spreads quickly and if there will be some bodies(authorities) to stop it, they barely make it.
Bruh!!!! For god's sake find another analogy, making it look like cancer is not that far away from Warren's rat poison!  OMG, just no! |
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Maybe not in our life times but it will eventually happen. You lost the audience with this one! Bitcoiners do plan long-term of course, but there is a line when you stop planning, that's why I really don't care what happens when the last satoshi is mined nor am I afraid of hearing that the sun will die out in 6 billion years instead of 8 as it was previously estimated. Joking aside, what I was trying to point out is that a lot of the new crypto users generation are still heavily relying on banks, they are treating coins more like investments and are using banks as middlemen, not even counting the more and more active role CEX are playing in this entire thing. So rather than actually getting rid of banks I am actually worried we're down a far more dangerous path where we're just exchanging the currency while exchanging banks for other centralized entities that still have control over the finances of the masses. You should always invest at your own risk and take care of your own funds. If you can't, then crypto currencies aren't for you. You should stick to banks and institutes that will have full control over your assets and funds while in return insuring everything.
The usual problem and I guess this might be a reason why as stated above we won't see that change in our lifetime. We need to be realistic about the capacity of the majority of the population and their abilities, if you can't have everyone deal with cryptos, then obviously the fiat system will still be in place for a very long time. |
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Memory pool: Piscina memoriae
Guys, please! Don't use google translate for this as it leads to really silly things. In this case, it has been translated as pool as a pond or a lake, making it into piscina, where the actual meaning derives from the verb to pool, pooling, as in combining or merging. So the actual latin word would be coniungo. What google has said would sound to a latin speaker more like a smart jacuzzi than a mining pool! |
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3. Don't keep your crypto on an exchange, even if you are a daily trader you won't see any danger coming so always take out your profit and leave behind that little amount for trading, use 2FA authentication on your wallets and exchnages.
It's impossible for active daily traders to do so. If you're and active trader and you do tens or even hundreds of trades a day, if your strategy is scalp trading the return is in small percentages, you could be making $10 for the $1000, withdrawing the profit daily isn't minimizing the risk at all, it wold be just peanuts that are being eaten away by fees. I know everyone is saying that you shouldn't keep your funds on an exchange, it's normal, coins or even $ you should not store them on a CEX, but active traders simply can't do this, it's a risk you have to assume if you want to make money this way. |
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<...>
If this is widespread and still feasible (i.e. no way to patch it) is something I don’t really know, though if there is no way to patch it, likely it's still a thing. I think that standalone clipboard hijackers for Android are not that spread because you need to go the same way of infecting and getting permissions as a normal private key malware, so it makes little sense to have just a clipboard hijacker installed when you can have a wallet drainer, even for the one mentioned in that article the main attack was the stealing of keys. After all, if you want to steal something you want to go for the jackpot with the least traces possible, so probably that's why everyone is focused on other types of malware. Also, rather than clipboard hijackers one should watch out for QR code malware, scammers have understood that for some users it's a pain in the ass to copy-paste addresses so they release a lot of those apps that "help" you with these on playstore. https://www.bitdefender.com/blog/hotforsecurity/bitcoin-thieves-use-malicious-qr-code-readers-to-steal-45000-this-month/ |
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I'm going to launch a bitcoin adoption campaign in my local community soon, and in order to give accurate guidance, I'm looking for the best alternative of exchange to suggest people where they can acquire their first bitcoin coins, and hold them (I know it's not recommended, but people aren't going to spend 100$ or more in a cold wallet).
I assume you meant to spend more "on" a cold wallet but also you meant a hardware wallet. A cold wallet simply means storing bitcoins offline with no accessible private keys, so you can make your own cold wallet with ease without $200 for a ledger or trezor. That being said, are you really comfortable with launching such a campaign in a community, telling people they could send whatever little they have to invest to a centralized exchange that might flop tomorrow? I would not take the risks, I would spend more effort to teach them how to make and manage their own wallets rather than having to deal with an angry mob that has lost thousands of dollars because I told them funds are #SAFU. |
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There is no such thing as a transaction accelerator unless you have your own mining pool.
You can pay a mining pool (if they offer such service), so that they include your transaction in the next block they will mine. ViaBTC even has a free transaction accelerator. I have used their service before and I can confirm that it's helpful. Of course, but that's why I was saying you need a mining pool, you can only claim you can accelerate that for sure if you have the means to actually got it confirmed. What most of those guys who pray on newbies tipping them for the "accelerating" do is exactly that, go to ViaBtc and try to get into the free slots every hour, they are basically doing just what the user could have also but even so nobody can guarantee they would be able to submit even one each hour when there are a hundred doing so. Lucius was doing this for free for a while, but he was open about what he was doing not claiming like others he has some hidden methods. |
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Can you name one country besides Salvador (which btw did so before the war) that has done such a thing?
Elsavador is one, and followed Panama next. Has, at is has already implemented not that it plans to do so. And even if you would consider future plans as making the requirement, two is obviously not the "many" you have claimed, not even mentioning the fact that you said change: Many countries have thought to change currency into bitcoin
Adopting another currency is not changing the one they use, they are just exploring another system, not dropping the US, and neither will Panama if they do make BTC The bill was introduced in September 2021, aiming to make the country “compatible with the digital economy, blockchain, crypto assets and the internet.” It was moved out of the Economic Affairs Committee on April 21 and approved a few days later. Based on the legislation, Panamanians “may freely agree on the use of crypto assets, including without limitation Bitcoin and Ethereum” as an alternative payment for “any civil or commercial operation.” This is nowhere near completely replacing a monetary system with another one. I can understand optimism on future possibilities but one does live in the present, just because we're back on track and we're no longer watching red candles day after day doesn't mean everything has changed in the world also. |
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OP you can try out this FREE/PAY BITCOIN TRANSACTION ACCELERATOR. Here people are posting tx or Hash IDs of there transactions, that are struck and are not getting confirmation. Already enough has been said about the transaction time. Just a quick note that always set a decent fee to make sure you get confirmation in time. Just have a look at this transaction the amount is 3.28287827BTC (or $78,201.15) but the fee paid is just 0.68$. The sender also want a quick confirmation. Of course you can set minimum fee but then you should not looking for a quick confirmation. There is no such thing as a transaction accelerator unless you have your own mining pool. As for the TX you mentioned, it was mined in block 762319 and it had a fee rate of 19.9 sat/vB . This transaction: https://mempool.space/tx/47481a61031dba23ab99cd6f87f0eedd4c50735543410c4b570d9c8589ff0d1dwas confirmed in the same block and it paid 17.0 sat/vB. So the tx didn't get confirmed by some accelerator, it got confirmed simply because the fee was enough to be included in the next block and just six blocks down the road in 762325 transactions with 1sat/b got confirmed. |
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The market women who don't know how to operate phones and other internet devices for transactions are crying seriously that they are dying for hunger. ~ And because of the long line to withdraw from the ATM, many customers who are already cryptocurrency friendly ones are now swapped to BTC to avoid the stress.
This doesn't make sense! Somebody who can't shop with a debit card or isn't able to implement a debit card payment for his shop will definitely not be able to pay or receive bitcoins either, common, it's not like it gets any easier than using a debit card nowadays. If one can't master that bitcoin is on a completely new level! It's like telling a person who can't remember his pin number how to enroll his card in Gpay and use his phone at a terminal, what do you think the rate of success is? Besides, if there are enough merchants tech savvy to allow people to convert their cash or their debit funds to cryptocurrencies through portable PoS, why aren't merchants implementing card payments directly? I agree that some will explore alternatives to avoid wasting time there but I don't think the conversion rates from fiat to BTC would be anything spectacular. Why have there been so many misconceptions in the general atmosphere even the so-called educated and enlightened citizens of Nigeria have no adequate knowledge and understanding of how a policy should work, and what to believe and what not to and the problem with Nigeria is Nigerians who are too lazy to even read the manual of the mobile device talk more of to study and understand complex subjects as regards to financial inclusion and digitialization of the financial sector and this thread have further proven that fact because what I can understand with this whole ops statements.
Nobody reads the manual on anything, it's not a Nigerian thing. I'm not reading the manual of any device unless it takes me an hour and I'm still not able to open the lid on some multicooker or wafflemaker I just brought. But the danger with Bitcoin is a bit different, I don't see somebody who is unable to figure out how to make a simple online transfer being at the same time savvy enough to keep his coins secure and not getting scammed or hacked. |
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They do not charge a fee in NY. I am guessing with them trying to do as much as possible online that any costs associated with taking cards is more then covered by allowing them to operate 24/7. Thinking about it they can also probably get a much better credit card processing rate since to put it bluntly, they do know where you live and what you drive ;-)
I wasn't sure of NY, that's why I said some, but as I learned in my brief contacts with the US system, you want something weird go to California Credit and debit card transactions will be charged a 1.95% service fee. I don't know if it's because I only see the bad things making it into the news but I have a feeling the banking and payment system there sucks, I never understood how you guys still work with checks, the whole no PIN cards, or giving your card to the waiter! Also, why would a government institution not be able to deal with some measly fees for payments when a damn coffee shop can! So even if they go with the universally hated BitPay they don't even have to make you jump though the BitPay KYC since as said, they know where you live.
Isn't the DMV that thing where you enter while you have a kid in elementary school and by the time you exit he has finished college and you're already in a retirement home? I'm willing to bet they will force BitPay to do also a check-up before they allow you to open an account and go at least through Proof of Funds, just to have you deal with some papers. We will see about the fees, but I have a feeling it's not going to be completely free or if there are no direct fees they will be hidden in the exchange rates. Companies like Bitpay has to make money somehow even if agencies don't and I doubt they will pay the 3rd party a fixed sum to have them accept crypto. |
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Every people in crypto are now looking forward to February 1st for either a pump or a dump, depending on what the FED offers us. I feel like the FED has the power over everything stock or crypto.
And where is the manipulation? If your government decides on the 17th that it will cut 100k jobs and needs to devaluate the currency is it manipulation of the market or is it simple action taken to ensure the boat doesn't sink? That's one of the roles of the FED, of conducting national monetary policy, that's what it was designed for and this is how it acts when needed, of course it will influence the markets with such decisions because it was supposed to do so! Too many see that one decision influences the market and think it's some kind of manipulation behind the scene when in fact it's quite clear how they do it why they do it. The market reacts so because just with every trade they are gambling on future prices, and a high increase in rates would normally slow down growth, but here we have optimism that even the increased rate is going up by less than it could and that it's nearing peak so the opposite happens. |
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