Not much different from today. May vary a little if it is in the middle of a pump or dump but the equilibrium point still will be the same.

While blocks take hours to be mined, no. I'm surprised that BCC still holds its current price

Why only one coin?

You should maybe add some rules for selling if things goes wrong or there is a pump and dump on the way

You never know if you wallet.dat is corrupted until you need your backup.

Would you like to risk everything because your wallet.dat is corrupted?

Hardest part is explain to the tax people where you got your dream money from.

I know it first hand.

The future fortunes you get today with signature campaigns, for example, can't be proven as legit gains.

Unless you are a true genious with lots of luck nothing will work better than buy and hodl as long you can.

Hi?

I'm Hero Member now.

Thank you.

No way to know for sure, as everything related to altcoin prices, specially with such limited timeframe.

The market cap this time is even more misleading. Many bitcoin private keys are lost forever, and so are the BCC, and I think most people didn't bothered to claim their BCC, so the real supply is lower.

The rising tide for cryptocurrencies like bitcoin, Ethereum and Ripple have lately shaken the investing world. Among the lot, bitcoin has been firing on all cylinders since the beginning of 2017, having hit a series record highs. In three months, the price of the digital currency has surged about 94%.



Investors should note that bitcoins are ‘mined’ by using a greater amount of computer processing power. However, since there is a fixed amount of bitcoins, as the limit is reached, it becomes hard to ‘mine’ for the coins. The best part of this system is that it is beyond the reach of central banks (read: Explaining Bitcoin and Crypto Currency).

The currency is in the limelight probably because of the fact that “bitcoin isn’t regulated by any government and has been used by consumers worldwide to shelter assets from inflation or political upheavals in their home countries.” As per an article published on CNBC, bitcoin is emerging as a safe haven asset like gold.

Needless to say, amid a sky-high price rise, the digital currency is gaining favor from ETF issuers, though the SEC is no quite happy with the concept. After rejecting the filing for an ETF on this cryptocurrency by Winklevoss Bitcoin Trust, the SEC is reviewing its decision once again.

The SEC is seemingly looking for more proof of safety in this trade. Meanwhile, some more ETF issuers have lined up to seek regulatory approval with their bitcoin-related products (read: Will We Finally See a Bitcoin ETF?).

Inside New Filings

Investment firm VanEck filed for an exchange-traded fund to invest in bitcoin derivatives in mid-August. Though VanEck acknowledged the riskiness of the product and believes that this digital currency is no match to gold as far as safe-haven status is concerned, the issuer could not overlook bitcoin’s monumental craze (read: Bitcoin Skyrockets, Race to First Cryptocurrency ETF Heats Up).

VanEck noted that the digital currency cannot even replace the necessity of the dollar, rather it is likely to end up in carving a place for itself as a niche product. VanEck’s proposed product will invest in certain Bitcoin Instruments through the Subsidiary and the investment in that subsidiary is likely to be limited to 25% of the portfolio, thus meaningfully lowering the risks.

After VanEck, ETF Firm REX also planned a new fund that will invest in bitcoin-based derivatives. There are two products filed by REX, namely REX Bitcoin Strategy ETF and REX Short Bitcoin Strategy ETF. The ticker codes and expense ratios of those funds are yet to be disclosed.

As per the filing, the long fund “seeks to achieve its investment objective, under normal circumstances, by obtaining investment exposure to an actively managed portfolio of financial instruments providing long exposure to movements in the value of bitcoin, together with an actively managed portfolio of fixed income instruments” while the short fund is intended to offer the negative exposure of the same asset.

What Lies Ahead?

The tussle between the U.S. Securities Exchange Commission and Winklevoss over the launch has been going on for about three years. In fact, the issuer has restructured the proposal for the Bitcoin ETF multiple times.

However, it looks like that the SEC may approve a fund in the coming days given rising pressure from issuers. Plus, the Russian government is also expected to make cryptocurrencies legal financial instruments in 2018, as per the source. Minneapolis Fed President Neel Kashkari pointed to the strength of the blockchain technology supporting bitcoin.

Among other interested candidates, the Chicago Board Options Exchange(CBOE) has teamed up with Gemini, the bitcoin exchange backed by investors Cameron and Tyler Winklevoss, in order to launch cryptocurrency derivatives trading.

Bitcoin’s Impact on the ETF World?

While it is still unclear if we will get a bitcoin ETF soon, the sheer success of the cryptocurrencies should benefit semiconductor ETFs like iShares PHLX Semiconductor ETF (SOXX – Free Report) and VanEck Vectors Semiconductor ETF (SMH – Free Report) . This is because mining of cryptocurrencies needs the usage of semiconductors. A hardware known as an ASIC (Application-Specific Integrated Circuit) is designed explicitly for mining bitcoin.

As per Bloomberg, there was a 10-fold rise from April to June in the Ethereum market which helped shares of Nvidia Corp. (NVDA – Free Report) and Advanced Micro Devices Inc. (AMD – Free Report) substantially (read: Should You Buy These Semiconductor ETFs & Stocks Now).

On the other hand, since some view the currency as “digital gold,” bitcoin trading may snatch some buyers from SPDR Gold Trust (GLD – Free Report) . Bitcoin’s un-correlated nature to the other asset classes and strong momentum may hurt GLD in the current scenario.

https://etfdailynews.com/2017/08/27/pressure-mounts-for-sec-as-even-more-issuers-file-for-bitcoin-etfs/

Venezuelan company located in Panama, Cryptobuyer, will install the first Bitcoin ATM in Costa Rica.

The cryptocurrency or digital currency released in 2009 has been slowly gaining ground as more and more people get familiar with how it works.

The only decentralized digital currency it uses person to person technology without the interference of a central authority. Each bitcoin is worth a certain amount, so for instance recently it has reached prices of close to $4000.00, the rate fluctuates but there is no fluctuation risk, because whatever you buy the Bitcoin at is the amount that it will be worth. Other advantages include convenience since being a digital currency all you need is to have access to the internet; also security, bitcoins system uses a particular protocol to keep everything safe; transaction fees are also very low among other things.

The technology that will be installed in Costa Rica at the end of September will allow users to exchange regular physical currency for bitcoins. There are only six of these systems in Latin America. The exact location of where it will be installed has not been defined, according to Jorge Farias, executive director of cryptocurrency they are still analyzing which will be the ideal place among three initially picked.

ATM’s are only one way systems, which means they only work for deposits of regular currency that is then converted to virtual currency.

Bitcoins are used and accepted by many companies as a form of payment, but large online sellers such as Amazon are still not using the system.

How does the bitcoin ATM work?

The user must have installed and configured a Bitcoin wallet on the smartphone. When the user accesses the wallet a QR Code corresponding to the wallet address is provided, this QR code is scanned by the ATM, the user then has to enter the cash equivalent to the amount of Bitcoins he/she wants to purchase, in a few seconds the balance of the wallet is updated.


http://news.co.cr/costa-rica-will-soon-first-bitcoin-atm/64873/

The Sophon, named for a fictional proton-sized supercomputer, could be the tool to train neural networks in data centers worldwide. It is the latest project being developed by Bitmain Technologies Ltd., the bitcoin mining giant that has carved out a dominant position in bitcoin mining.

Such chips, called application-specific integrated circuits (ASICs), could unleash a new wave of distributed computing, according to Michael Bedford Taylor, a University of Washington professor who studies bitcoin mining and chips.

Sophon is due to debut before the end of the year.

Bitmain Has The Know-How

Bitmain has the background to play a role in the expanding artificial intelligence industry. The company designs the silicon that goes in bitcoin mining equipment, assembles the machines and sells them worldwide, in addition to its own bitcoin mining operation and the ones that it manages for other mining pools.

Bitmain’s founders are not averse to playing a spoiler role.

Jihan Wu, the co-founder of Bitmain, supports the New York Agreement that seeks to double the bitcoin block size under the SegWit2X proposal, a move that some in the bitcoin community view as an attempt to give the miners control over bitcoin.

Some also believe Wu was behind the recent bitcoin split known as bitcoin cash, which at least one of Bitmain’s miners supported, a contention that Wu has denied. Wu points out that he was among the supporters of Bitcoin Unlimited, an earlier bitcoin scaling proposal that did not get activated.

Why Wu Supports Forks

Wu nonetheless said splits should be allowed. He said a fork is inevitable since people in the bitcoin community do not agree on how to best scale bitcoin.

Wu met Micree Zhan, Bitcoin’s co-founder, when Zhan was running DivaIP in 2010, a company that made a device that allowed a user to stream a TV show on a computer screen.

In 2011, Wu needed a chip designer to build a mining operation and approached Zhan. Zhan first designed an ASIC to run SHA-256, the cryptographic calculation used in bitcoin, at maximum efficiency. It took him six months to finish the job. His first rig, Antminer S1, was ready in November 2013.

Bitmain felt the sting of the 2014 Mt. Gox meltdown. But by 2015, bitcoin’s price bottomed out and later recovered. In the meantime, Bitmain introduced its Antminer S5.

Bitmain now employs 600 people in Beijing.

Ready To Take On Google

Bitmain has since developed a deep learning chip with improved efficiency. Users will be able to build their own models on the ASICs, enabling neural networks to deliver results at a faster pace. Google’s DeepMind unit used this technique to train its AlphaGo artificial intelligence.

Bitmain plans to sell the chips to any company looking to train its own neural nets, including firms like Alibaba, Tencent and Baidu. Bitmain could build its own data centers with thousands of deep learning rigs, renting out the computation power to clients the way it does with bitcoin mines.

Professor Taylor said companies like Bitmain that have excelled in bitcoin mining could take on the Googles and Nvidias since they have developed the skills to survive in an ultra-competitive and highly commoditized industry, and have the system level design expertise and the ability to reduce data center costs.

https://hacked.com/bitcoin-giant-bitmain-enters-high-stakes-ai-race/

ericcartman

thank you

legal

parabéns

A Bittrex mudou o limite de retirada sem validação sem nenhum dia de aviso prévio e me deixou com um monte de bitcoins presos, até que eu consegui 3 BTC de limite.

Pelo menos eles te avisaram.

A Auroracoin não era moeda nacional da Islândia? E que fracassou.

Founder Of Defunct 'Bitcoin Securities' Exchange Warns Against Ethereum ICO Hype


Everything old is new again.

The talk of the town in the cryptocurrency and blockchain space these days is the concept of an initial coin offering (ICO), which has been used to raise over $1.5 billion by various startups, open-source projects, and other organizations since the start of the year (according to Coinschedule).

If you’re unfamiliar with ICOs, check out this explainer from cryptofinance research group Smith + Crown.

While nearly all of the current token offerings are made via the Ethereum blockchain, this is not the first time that an alternative digital asset craze has happened in the greater Bitcoin and blockchain ecosystem. Long-time Bitcoin users have seen plenty of instances of hysteria around altcoins, appcoins, and even bitcoin-denominated securities offerings throughout the years.


Having said that, the hype around Ethereum-based ICOs has surpassed any of the alternative token crazes from the past, especially when considering the effect it has had on the ether price, which is the underlying token of the Ethereum platform.

The bitcoin-denominated securities found on sites like BTC-TC, Bitfunder, and Havelock Investments are one of the more interesting parts of Bitcoin’s history because they allowed anyone to raise funding for their business or project at the click of a button in a manner that may have been even easier than what is seen with the current ICO phenomenon. Those newly created assets could then be traded on the aforementioned, legally-dubious exchanges.

As the founder of BTC-TC, Ethan Burnside was once at the center of these sorts of offerings in the Bitcoin space. Things changed dramatically when he received a letter from the SEC in late 2013. After exploring options with his legal team and realizing there was no way to continue operation, the tough decision was made to gracefully shut down the exchange. Today, Burnside spends most of his time working on his social casino gaming startup Yapping Moose Entertainment.

Recently, an SEC report revealed that Ethereum ICOs can also be considered securities.

I reached out to Burnside to reflect on BTC-TC and get his thoughts on the hype around Ethereum-based ICOs. Our question and answer session can be seen below:

Kyle Torpey: How do you think the ICOs of today compare to the assets that were traded on BTC-TC? Do you feel many of either set of offerings are/were legitimate?

Ethan Burnside: It's amazing how fast things change. When we launched the exchange in late 2012 it was a completely different world. There was a lot more skepticism about the future of Bitcoin. Governments hadn't recognized it yet. It was easy to get for free by mining or from a faucet. If you offered a guy on the street a choice between 100 Bitcoins and a hamburger they'd probably take the hamburger.

In that context you can see the scope is completely different. In most cases the assets traded on BTC-TC were individual's pet projects, things like small one-man mining operations and other one-man crypto endeavors. This was actually our intent because the BTC-TC Terms of Service made it clear that the platform was intended for learning and experimentation. We turned down or were otherwise passed over for many much larger offerings because we refused to move outside that scope in our terms. So it's not really an apples to apples comparison to what is out there today where ICOs I've seen are larger teams with actual incorporated entities. If I had to draw a parallel to what is out there today, BTC-TC was probably more like a GoFundMe than anything else.

I do think that many of the offerings on BTC-TC were legitimate initially, started by operators with good intentions. Where a lot of them went south is when they realized they could come under fire for the same regulatory issues BTC-TC itself had. With the close of BTC-TC several operators went dark out of fear, others took the opportunity to run, and others just didn't have the business acumen and were in over their heads from the start.

Fast forward to the ICO's today and I see a lot of the same behaviors being repeated. Entrepreneurs seeing an opportunity to fund a project. Scammers seeing an opportunity to fleece investors. Investors seeing an occasional success and thinking they don't want to miss the next one. I'm sure some of the offerings are legitimate. I'm also certain many of them are not. It seems like no one learned the first time around, but reality is that these cycles have been going on since the beginning of time. Each new generation it seems has to learn the hard way.

https://www.forbes.com/sites/ktorpey/2017/08/22/founder-of-defunct-bitcoin-securities-exchange-warns-against-ethereum-ico-hype/#59c85d35453a

Cash is useless in Venezuela thanks to hyperinflation — so people are turning to bitcoin

As Venezuela suffers its worst meltdown in history, with inflation skyrocketing and basic necessities running in short supply, many have taken to bitcoin mining in a bid to survive, according to a report in the current issue of the Atlantic.

The reason? Electricity is now cheaper and more affordable in the crisis-hit country than most basic goods. That's because under President Nicolás Maduro, electric power is heavily subsidized to the point that it's essentially free, the Atlantic said.

Bitcoin mining works like this: Miners use computer hardware to perform complex computations that ultimately create each new link in the bitcoin blockchain — the massive, decentralized ledger technology that underpins the cryptocurrency. In return, they are rewarded with bitcoin. One of the key requirements to mine bitcoin is to have a large supply of power.

The Atlantic explained that a Venezuelan user who can run several bitcoin mining devices can clear about $500 a month — that is considered a small fortune enough to feed a family of four and purchase vital goods such as baby diapers or insulin from overseas.

But authorities have begun cracking down on mining operations, according to the Atlantic. The report explained that because the country does not have cryptocurrency laws, police are arresting miners on "spurious" charges. That move has driven miners deeper underground and some are reportedly moving into ethereum for higher profits.

https://www.cnbc.com/2017/08/24/bitcoin-mining-is-popular-in-venezuela-because-of-hyperinflation.html

ericcartman

thanks

Another fork?

Last time took almost a whole year until price recovered.