I was considering buying about 75GH/s for about $900 off ebay...
But you say what if BTC goes to $10,00 by May? Well I will have accumulated $7400 minus the $900 on equip plus electricity and fees. Thus netting me just over ~$6300.
What if you buy bitcoin with your $900 budget now, you can get ~1.2 bitcoin (~$750 on bitstamp atm). And if BTC goes to $10,000 (your $10,00 was a typo it seems), you will get yourself $12,000 (much better than 6500 minus electricity fee). No offense, but if your mining profitability comes from the expected uprising bitcoin price, then you should just buy btc directly and forget about mining. And don't take me wrong, mining is fun and I really enjoy my experience with mining. Unless you are one of the ASIC mining developer. Then you can stay ahead of the curve by doing the preorder garbage they do.
I do believe it is still possible to profit mining new coins.
Yup, it is very profitable to sell (or scam  ) pre-orders, and mining scrypt-based coins is still profitable now. |
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nice referral link with a nice new account |
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I'll try their support address, but I'm not sure they'll respond to an english email out of the blue.
Discus Fish is a Chinese pool that was started by Chinese student bitcoin enthusiasts. I don't know much more about it. There's a bit of information about the relationship between Discus Fish and "For Pierce and Paul" here: http://bitcoinstats.com/irc/bitcoin-dev/logs/2013/12/29Judging from that chat log, I guess they will welcome you if you show yourself as organofcorti.  20:07 wangchun if you read organofcorti's weekly report, we are "Discus Fish" (pool) and "For Pierce and Paul" (solo) |
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No need, if the machine is offline. It can have trojans up the wazoo but if they can't talk to the controller, then they're useless.
Unless it was really sneaky and inserted its own wallet.dat, so that you sent it your coins. Ok, fine, that's a point. But just for the sake of counterpoint, the wallet can be derived from the seed. So, if simply check that the seed leads to that private key, you should be fine. Sure, but if they insert their own seed... And then there's the ultrasonic magic communication the NSA does... Just reformat But then there's the low level bios... Better to build it from scratch, get a CPU fab shop in your garage Look, all you need is a log-free, virus-free, ultrasonic magic communication-free, SHA calculator, along with hopefully a random number generator (although random numbers can be generated "manually" if need be). That can be an old computer, whatever. I still think in the future there will be dedicated hardware that physically CAN'T get a virus, though. lol. I couldn't imagine my little disk formatting suggestion could go this far.  |
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I was doing some mining on Eligius and received a payment into my wallet. The payment appears to be unavailable and it has been over 6 hours already. When I look at Bitchain.info, I see a message that says "No Inputs (Newly Generated Coins)". Can someone please explain to me what this means? Thank you very much in advance.
No worries. Coinbase transaction (the tx from block reward) will be spendable after 100 (120 for bitcoin-qt) confirmations. FYI: https://en.bitcoin.it/wiki/Confirmation Coins generated aren't considered confirmed by the Bitcoin protocol for 100 blocks. It is advisable to wait some additional time for a better chance that the transaction will be propogated by all nodes. The classic bitcoin client won't show generated coins as confirmed until the 120th block.
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Interestingly it is really considerable to buy some GH on cex.io, because if the prices keep on not going down you can sell them after a period and had the mining for free.
lol. Anyway, it is always fun to see guys spamming their cex.io referral links, and then lure newbies to the site. You can find lots of them here. https://bitcointalk.org/index.php?topic=387280.0 |
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It's because ASIC manufacturers come up with faster hardware that it takes more hardware to run blocks. If they don't come up with faster hardware the difficulty won't increase by much. If they come up with any faster hardware the difficulty will increase by even more.
The miners are like the prisoners in the prisoners' dilemma. If everyone only use their CPU to mine, no one need to design or buy an ASIC and spend a lot on electricity lol. On the other hand, the ASIC manufacturers don't really care about the difficulty uprising as hell in the future. Those companies take pre-orders, assembly the hardware to for testing (mining for themselves), and deliver the hardware to customers after enough testing (not much profit from mining). |
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wondering if it is possible to update a wallet's blockchain if stored on a cloud drive (gmail drive, dropbox)
Sorry, no idea about this. Point being it would be nice to always have an updated client when you launch it.
Why don't you try a thin client in that case? |
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Is there a way to find out which exchange an address belongs to?
How do you know an address belongs to an exchange? Or maybe gambling sites / mixers? Or just personal? Unless an exchange keep using an address again and again to process payment, we will never know. Indeed, if you register a new account in, say, bitstamp, your deposit address would be a completely new address belonging to bitstamp. |
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You are already a jr member now. Activity is updated every 30 minutes.
So, it is possible to have some lag. |
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I have wait 3 month for a board that never come.
But then i asked "gently" for a refund and a i get my money back.
Technobit have HUGE problem of communication, but they are not scammer. You'll find dozen of people that have received their boards and are happy with them. You can even find some one ebay.
I personally haven't make any trade with Technobit or marto74. But judging from both the experience of OP and joeventura, I would definitely think twice before making any trade with Technobit or marto74 in the future. |
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Glad to see you solve the problem by yourself fast. |
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Hi I am looking for the original Satoshi posts. Can anyone please direct me to them?
When I signed up they suggested reading them, however I cannot find them. Yes I have a tried a Google search.
Here is satoshi's profile. https://bitcointalk.org/index.php?action=profile;u=3You can now check all his 575 posts one by one. |
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What about cloud mining?Is it possible to mine all curencies?Sorry a little off topic but it would be nice to hear actual opinion.
No I don't think that is profitable. You will only get ROI if the bitcoin rate increase a lot, but in that case you might as well have bougth bitcoins and hold' em, then would profit have been larger. Exactly. Before buying any hardware or hashrate, please double check with a profit calculator (tons out there) and don't forget to take the uprising difficulty and your electricity cost (if not cloud mining) into consideration. Also, be careful of scammers, especially if you see some "too good to be true" deals. |
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Find out where they are located, and make a representative action against them.
Though BTC-e is one of the largest exchange in the world, we know very little about it. It seems it is based in Bulgaria, but we don't know the details of the company nor the owners' identities. |
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Gnash.io came close by almost having 51% of bitcoins mining power in their pool but they've said they're putting measures in place to make sure it never reaches 51%. If it was a more unscrupulous group then maybe things could have gone badly but who knows if it will happen in future. Remember that if someone does do it, their own bitcoins would likely become worthless too.
Almost coming close to controlling 51% of the hashing power for a short time is not an "attack". Indeed, we had this kind of worries (or FUD) back in 2011, when Deepbit was getting bigger and bigger. For the love of god, point your miner away from deepbit: https://bitcointalk.org/index.php?topic=13345.0Deepbit at about 49%: https://bitcointalk.org/index.php?topic=26656.0 |
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when was the first one?
There was never a first one I think the OP made a mistake 51% attack I don't Bitcoin would be as popular as it is now. Yup, I guess OP misunderstood the word "51% attack". |
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Hello everyone just wondering if there are any sites that allow users to earn bitcoins that are actually worth the time you have to put in?
If you want some bitcoin that is completely free, you can try some faucets. If you want some bitcoin that is completely free, very easy to get, and a significant amount, sorry, nope. |
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Problem is that they're all just clones....
But, some people just keep thinking "Oh, xxx coins have a bright future, and will be the new bitcoin" lol. My favourite one is "my crapcoin has a great community and dev team behind it", which literally means nothing. And when you question them what's so good about their coin or tell them everybody says this they throw a shitfit and accuse you of being a troll haha. Another strange logic I have seen is: "xxx coin is a bitcoin clone. We will have a maximum of 21 million bitcoin and a maximum of 210 million xxx coin. That's why the value of 1 xxx coin will equal 0.1 bitcoin. Huge growing potential ahead, blah blah blah..." |
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