All this dcr talk...
Need to rewind back to february/ march 2016. Gtx 980 could only do 24Mhash on eth so it was more profitable to mine dcr with it, they did 2.2GH with sp_mod, that was $5/ day back then.
Now people are building 1080 rigs with i7's. Really effective way to loose money. But that black box shows some really nice numbers.
How much does 1070/ 1080 on bbr?
not to mention that decred is not that good right now, it just that everything else look very bad to mine, maybe lbry the only exception some times... |
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there is a common misconception, the confirmation are never slower, just fee are plain wrong in most case They said you have to increase transaction fee. But what if you are only transferring few bitcoins to someone and the transaction cost is high? This is not good for the bitcoin community. It will defeat the purpose bitcoins which is faster and less free transactions.
unless you are sending below 100k satoshi(around $1 or less) there is no problem in paying 25k-30k satoshi, still quite reasonable also the logic want that for small amount it mean that they are probably not an important transaction, so they can take longer and you pay less for the fee |
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I'm also with bitcoin, the reward will be much higher with the same amount of investment, yeah if it will go down you will lose everything etc, but at today the possibility of gain are higher than the opposite, much higher and the market speak for itself
gold on the other hand will stay there forever and probably will never return to its peak, but you can do both if you really fear about bitcoin going down for whatever reason
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Nope, people here on forum want things for something between 50-60% discount and paying full price is out of question. if Steam is not willing to give away half of the price people here won't be interested in buying directly (I'm not even sure if steam still takes BTC...)
you were living all the time under a rock to not know that steam offer up to 75% discount, in concomitance with festivity such christmas, halloween etc... and yes they still accept bitcoin, via bitpay, you just need one confirmation and your order will be delivered without problem the times I used them I needed no confirmation  i think they changed their policy, because at the beginning it was the same for me, but recently i bought a game and it was in pending status until the first confirmation happened |
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Over the last 3 months the hash rate went up quite a bit. Difficulty is adjusting too, but at a slower rate. I wonder what he consequences might be.
I would expect the price to go down since we are mining more, but this seems not to be the case.
Will be smaller mines forced to quite since it will not be profitable anymore?
What is the reason for this rise? I did not hear anything about new hardware being deployed.
A rise in hash rates will have a corresponding increase in difficulty rate which will create artificial demand for bitcoins and so there's not going to be a decrease in prices but an increase rather and they has been the case recently. This makes no sense. The difficulty increases every 2016 blocks. So if hash rate constantly goes up it takes the difficulty about 2 weeks to adjust and in this time we have more mined Bitcoins = more supply. I do not see why the demand should go up with a higher hash rate. still there is no proof that more coins mined is equal to more coins dumped, in fact i believe that miners are holding big right now with this bitcoin uptrend also when this happen usually the additional amount of coin is not that big, around 200-400 was with the previosu block reward(3800-4k coins mined instead of 3600) so now it will be 2k at best, 200 more coins a day is hardly anything to look about |
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There should be 1 million people use bitcoin or blockchain technology, it will be more in the future, and the price will surge too.
the problem is the majority of those people are newbie that buy one time bitcoin and hold it forever and you will see only one transaction from them it's possible already to be over 1M users easily, but only a good group is sending bitcoin all the time every day, the other are doing nothing |
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there was a good way to earn something with purse.io buy buying stuff at a good discount with btc and sell them again without the discount, but i guess it can be included in the "merchant" categorie
another way was via blog, there was a coi called steem where you can ear a lot by writing blog and then convert in bitcoin
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as a far as i know only in bangladesh and venezuela there is a real ban and they can put you in jail for that, russia was undecided for a long time and they restricted it at soem point but right now they do not ban it
2 country will hardly make any difference especially because they are very small in terms of population
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I think some restaurant is not convinient in accepting bitcoin as their payment processor because before you prder I think You need to send the bitcoin into the addresses and you will wait until the transaction is finished it can cause hastle with the customer and the restaurant.
uh you can easily avoid that by doing transaction offchain, i'm sure a restaurant or a supermarket accepting bitcoin will know this also you know that when you pay in fiat any transaction is actually not confirmed up to 180 days?, but the operator trust visa/mastercard and accept it anyway malleability attack is not an issue anymore with bitcoin, therefore the same treatment should be taken with bitcoin |
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while i agree, i like to think that the minimum value should be the one that make the miners take their profit, to avoid the network being unsecure
so there is definitely a bottom price for bitcoin and a price where you say that bitcoin succeeded, which reflect the worldwide adoption
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I doubt it very much. And even IF we will see a new ATH it's nothing but a fad.
Why?! You ask...? Simple, the technical fundamentals to support this value are still missing, bitcoin does not scale, SegWit has been rejected by the community. Bitcoin does not offer privacy. And most importantly price-wise; the orderbooks are extremely weak.
Keep quacking, maybe some noobs will fall for your BS. Do you actually have arguments against my case or you just like to shout nonsense and stick your head in the sand? well your argument about privacy is a bit stupid if you compare it to fiat and people like to use fiat otherwise they would all use bitcoin already, it's more anonymous than fiat will ever be bitcoin was never mean to be anonymous at 100% but you can actually make it so, with some work scaling will be forced at soem point when the fee will be so damn high that the block must be increase, i guess they are all waiting for that... |
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Any type of calculation about possible future price is just a guess with dice, there is no indicators that can help us to think what price will be the next point for bitcoin
we can only base or argument on the past, and based on the past bitcoin can do a 10x rally in one sit, therefore 10k is not so far-stretched to achive this year
i still think we are only going to see less than 2k as a stable value for this year, but the peak may be very well higher
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Don't think I've ever seen this many unconfirmed transactions before (I do have an awful memory though, long story).
This must be another spam attack to have over 60,000 unconfirmed transactions though, no?
No. In case you've been living under a rock, it is not due to spam but rather due to Blockstream intentionally crippling the system so there will be a need for their 'solution'. It is nothing less than a hostile takeover of the protocol. It is a very bad approach to sit back and do nothing. So get off your ass and do something. At least go start a BU node. It is not that hard. Can anyone give a link to simplified instructions how to set up a BU node for the morons? If this is not due to increase in adoption, then we have still plenty of room to scale, if this is just someone that intentionally want the block to be higher when it's not the time yet, then just leave he doing it until he run out of money the block should be increase only if it is geniunly needed, and since there is no proof of that, and you can't say this just by looking at the price increase, it result in fud to me |
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it helped me a lot because from zero investment i was able to acquire many wist mining, and having additional funds that also are not directly taxes, if not dumped, and gain value over time is surely satisfying
but i guess for some other it was a disaster, especially those that bought at peak and didn't wait until now to sell again because of fair, they ended in losing a big amount of money depend on their investment
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Yes I put MINIMUM now 0.0002 for fee, and 0.0003+ if I want super quick confirms.
it's now how it work, you must look at the size of your transaction, to determine the correct amount of fee, some transaction are heavy and require 100k satoshi or more the 20k-30k satoshi is just the bottom now not even the average, still it's not expensive at all to send any transaction |
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still getting the same error
Just updated to latest binaries. The account emission curve changed, so there was multiple places in the code to change. this time a new error, no blockchain and i can't catch up, it say found block 485 wait until downloaded |
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still getting the same error
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I compiled from your Github source but I am getting this error:  Did you guys make any newer changes to the source code before compiling and releasing ? Seems when you mine a block, and it matures, you can't actually use that wallet. All the coins seem lost. same thing |
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If bitcoin could just establish a strong support at $1000, then I would be delighted. Let us see how it can hold because each time the price reaches four digits, there are those who take profit already and sends the price tumbling down to three digits again.
it reached 1k 3 times already, this is already a definition of a rock solid value in my view at least in this cryptoworld, 1k will be the new bottom soon but to go very high you need another big pump, otherwise with those slow increase we will need a very long time for 5k-10k |
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The days of becoming an instant millionaire are pretty much over.
The people that are making lots of money on crypto right now are the ones that already have it.
Whales are manipulating the price of coins and raking in the profits as the little fish try to make a few dollars.
Instant millionaire has/never been a thing... unless you win the lottery. Even with Bitcoin and it's like 9000% return from the beginning of inception to 2013, it still took 4 years. Just a little perspective to be aware of in response to your pessimistic view. Nobody is saying instant millionaire, what im talking about is getting in early, then waiting a reasonable amount (4 years is reasonable if what you get in return is retirement type of money) The problem is, I dont see a single altcoin worth holding for 4 years. In fact, I have serious doubts in most altcoins still being here in 4 years. Etherum? Monero? Those two have significant market cap and fundamentals. Personally I think Decred, Potcoin, and ICONOMI as well. But XMR and ETH are some very safe picks. Litecoin is probably the second oldest crypto and it's still around so there's definitely some staying power for it. What are your critiques for picking an altcoin? etheruem lost quite a big portion of its marketcap without nothing, that's the problem of the altcoin, they can die even with a high marketcap, more easily than bitcoin because they have no real usage, aside from speculation The days of becoming an instant millionaire are pretty much over.
The people that are making lots of money on crypto right now are the ones that already have it.
Whales are manipulating the price of coins and raking in the profits as the little fish try to make a few dollars.
I think Crypto still has lot of potential for new investors also. You can invest in a brand new Coin though ICO and if that coins make good than ofcourse you can earn a lot of profit by trading in exchanges. Even buying Bitcoin today in big quantity can result in double the profit in a year or two. Even faster if you can buy low, sell high. This sounds like common sense, but so many people fail lol. Even this can be accelerated with margin trading, I know BItmex offers leverage upto 100x! well you are saying it like, everytime you buy low it will get higher, when it can also be that it get lower the only thing that qork is buying at the start when the coin is still new, because at that point it can only increase, seeing how the speculation will just start from there |
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