I thought I would list some important terms and clear up some common confusion: - Address: Bitcoins are sent to an address. An address is derived from its public key. It is not a public key or a wallet.
- Private Key: Used to control the bitcoins at an address. A private key is not a password or a seed phrase.
- Public Key: A public key is used in a transaction, and it is rarely seen elsewhere. A public key is derived from its private key. It is not an address.
- Wallet: A wallet contains and controls private keys and their associated addresses. A wallet is not an address. A wallet typically uses a seed phrase to generate its private keys.
- Seed/Mnemonic/Recovery Phrase: Used by a wallet to generate private keys and their associated addresses. A seed phrase is not a passphrase or a private key. A seed phrase is also known as a recovery phrase because all of a wallet's private keys and associated addresses are derived from it, and, every wallet will generate the same private keys and associated addresses if given the same recovery phrase.
- Passphrase/password: A passphrase is used to encrypt a wallet, private key, or other information. A passphrase is not a private key or a seed phrase. Sometimes a seed phrase can contain an extra word or phrase that may be called a passphrase, but it is not.
Here are sets of terms that are frequently confused with each other: - Public key <==> Address
- Address <==> Wallet
- Private key <==> Seed/Mnemonic/Recovery Phrase <==> Passphrase
Terms that should be avoided because they are ambiguous or are probably being used incorrectly: - Wallet address: There is no such thing as the address of a wallet. As stated above, a wallet contains private keys and their associated addresses.
- Public address: Use of this term typically indicates a confusion between the terms "address" and "public key". All addresses are public.
- Public Key: Typically, this term is mistakenly used in place of "address".
I would like to point out that some of the confusion with "wallet address" may be due to how people use Ethereum wallets. A typical Ethereum user's wallet has one address (though it could have more) and that could be considered to be the address of the wallet. Edit: minor tweaks after some suggestions. |
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Keep in mind that these orders don't all appear at once. They happen sequentially and are generally resolved according to the terms of the earlier order. On the other hand, the Gemini exchange has a particular kind of auction in which all orders are resolved simultaneously. Here is how it works according to them: Market participants can place an auction-only market order (which will execute at the final auction price) or a limit order indicating the maximum buy price they are willing to pay, or minimum sell price they are willing to receive. The Gemini Auction will match the aggregate buy and sell demands from all participating orders and determine the price (“cross-price”) at which the largest quantity can be filled.
This page goes into a little more detail: https://gemini.com/marketplace/#gemini-auction-example |
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That is very true, small miners get eaten alive over the long term. Because the large mining farms are basically running the show it is important to know what they are doing, and where their costs are. There are many hundreds of millions of dollars invested into these farms, they are incentivized to maintain the price when low and manipulate it for profit at certain times.
I was an s9 miner for a while too, but the large farms pushed me out. That is how I know that mining rewards and costs change everyday, and are not directly connected to price. Which is the topic of the day for the trolls. In no way can the ASIC supply increase by 40% (like the price has) in a week. That is speculation and manipulation.
More conspiracy nonsense. Miners have no way to manipulate prices. Your only evidence of manipulation is the fairy tales that people like to tell. The big miners didn't push you out. You had an S9 just like they did. The reason they could continue mining with s9s is that they have been able to reduce energy costs. If you had low energy costs, you could continue mining, too. In fact, the price has outpaced the difficulty, so you may be able to mine again at least for a short while until the difficulty catches up. |
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I wonder if in the future the phrase "the whitepaper" will universally refer specifically to the Bitcoin whitepaper -- "Bitcoin: A Peer-to-Peer Electronic Cash System". Will cryptocurrencies, or Bitcoin specifically, become that ubiquitous?
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I already find the password, i will message it to you right now, feel free to send the BTC to the bitcoin addy i have in my profile. As proof i will leave the screenshot here:
You may have determined the encryption key, but that's not proof. |
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same should be applicable to my situation:
unecrypted_wallet + X = encrypted_wallet
I need to find password X by knowing the wallet in it's 2 states, both unecrypted and also encrypted with password X. On paper it sounds very do-able to me. We got 2 known parts of a 3 part equation.
It may seem doable on paper according to your analogy, but your analogy massively under-represents the actual difficulty. The Wikipedia article on AES ( https://en.wikipedia.org/wiki/Advanced_Encryption_Standard) should put it in perspective. |
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... a sane amount of leverage like 10x or 20x.
That's not sane, that gambling. |
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What's the most horrible power waste from your opinion?
Posting and watching cat videos on YouTube. |
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It's a scam. Don't send them any money.
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It's a scam. Don't send them any money or give them access to your wallets or accounts.
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Authorities in Florida have busted an elaborate operation which saw prison inmates use Bitcoin BTC to launder thousands of dollars via their commissary accounts.
ha ha. They used Bitcoin to launder their lunch money. Sounds like a bunch of kids in middle school to me. |
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That map is weird. It looks like a FE map, but the continents are from a different kind of map. |
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Seem like posters here hate us Nigerians and Philipinos and other dark races. Why all the hatred brothers, are people not able to earn like the whites?
I think it has nothing to do with color. There are plenty of other countries with "dark races", and you didn't list them. Nigerians have a bad reputation because most of the Nigerians that people have interacted with over the last decade are scammers, e.i. the Nigerian Prince Scam. Of course, only a few Nigerians are scammers, but that is not the impression that people have. |
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... Wei Dei, Nick Szabo, Adam Back (who interestingly lives in Malta now); all the original cryptocurrency "forefathers" are possible (that's possible) government spys ...
However, it should be noted that these people also actively worked to resist the U.S. government's application of munition export controls to the field of cryptography. |
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The Sun's un-refracted size (refraction removed) at sunset or sunrise when the Sun is at 50% visible (zero degrees) is 1 minute (resolution limit of 1 foot @ 1/2 nautical miles). The Sun's refracted height at sunset or sunrise when the Sun is at 50% visible is 16 minuets. The Sun's un-refracted diameter at 90 degrees is 32 minuets.
If our eye height above the plain is 1 foot then the horizon is 1 nautical mile away given a resolution limit of 1 minute. Given the ratio of 1 minute per nautical mile the Sun measures 32 nautical miles across when not affected by refraction.
So we know the Sun's radius is 16 nautical miles so it's distance according to the trigonometry calculator should be ~3440 nautical miles.
This is where I'm currently at.
Excellent. This FE video is relevant, but he doesn't seem to know how the air magnifies an object based on its distance and angle above the horizon: https://www.youtube.com/watch?v=sYaqoB7BR-4 |
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It is a pity that we live in a world that is very sinful, and when it comes to wealth,the rich keeps getting richer, while the poor keeps getting poorer,
That is a common misinterpretation of the data. A better interpretation is that the people who are rich today are richer than the people who were rich in the past, and that people who are poor today are better off than the people who were poor n the past, but not by as much as everyone else. |
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TLDR; Don't send them any money.
Most cloud mining sites are scams. The sites that are not outright scams are not likely to produce a profit. It is better to coins than to pay for cloud mining.
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A couple of years ago empty blocks started to pop up and i never heard a good reason that this would ever happen. The best argument was that it was slightly faster so miners would do it.
I am curious does mining an empty block provide an advantage in solving blocks in any way. For example, maybe the block header is unchanged for an empty block even as new blocks are mined. A miner could simply try and solve the same block indefinitely until the solution is found and they they can stick the empty block into the chain and receive the reward.... Would this somehow provide an advantage over people trying to solve full blocks?
It is indeed faster to mine a empty block. It takes time to validate a new block and construct the next one. A miner may choose to start mining an empty block while they are doing that. As others have noted, a block header contains the hash of the previous block, so it must change with every new block. Mining empty blocks is not a good idea. It can happen when nSubsidy = 0 in the following code located in verification.cpp With Bitcoin 0.18, this would create an orphan, an empty block. It is a consensus rejection. So doing this would block the wallet at starting when synchronizing at the specific transaction and a fork (bug fix) would be necessary to allows Bitcoin to accept the transaction. You can try on testnet by changing the following code and return 0; see what happens  Empty blocks are not rejected. Blocks with 0 reward are not rejected. If you change GetBlockSubsidy to always returns 0, then your wallet will reject all blocks. |
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