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Are you just winging it or do you have an actual business plan? You are aware that this is not exactly the right time to start a mining project yes? Someone with a new account asking for money happens every day on this forum. If you are looking for investors here it probably means you do not have the credit to borrow from a bank.
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Changing to PoS or hybrid would require a hard fork. All proposing a change to PoW or the 21 million total cap would do is piss off holders. Investors have been upset enough with the hard fork wars. What bitcoin needs is stability and less strife if we want to see price over $500 this year. Arguing for a change to PoS was a tactic luke-jr used to scare miners from changing from Core to Classic.
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Thank you all. So no problem if hardisk burns down  and my wallet is not in watch-only mode, it can do transactions, but I don't know what watching mode only is so thanks. We used to use Electrum for cold storage using two computers. The Electrum wallet is hosted on an offline computer and the master public key is used to create a watching only wallet on the online computer. You can read more here. With the advent of reliable hardware wallets like Trezor using two computers for cold storage is not as common as it used to be, though some Armory fans still put up with it because they love Armory:) It is a simple matter to setup a Trezor to manage your bitcoin using Electrum while keeping private keys offline and safe in the Trezor. |
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Start trading with it, it is a better chance to start trading with bitcoin nowadays.
First learn the rule for trading with bitcoin, then observe carefully the fluctuations (ups and downs) in the price of bitcoin when you become expert in trading , then deposit it in a trading bitcoin website and start earning with.
Recommend you ignore this advice. Most novice traders lose their initial risk capital and quit. Paper trade for a few months until you find out if you have a knack for trading, most do not. Just save your bitcoin for a rainy day and considering buying more on a monthly schedule to dollar cost average. |
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Using the security card with Ledger is a pain. Most folks who like Ledger products use the hardware wallet with their laptop and download the Ledger app to their phone to take the place of the security card.
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How should I go about transferring my bitcoins from Armory to Trezor/Electrum? Do I have to create a new address and send the bitcoins to that trezor address?
If you are using Trezor with their online wallet myTrezor.com just send your bitcoin from Armory to a receiving address in myTrezor.com. If you prefer to use Trezor with Electrum you will need to download Electrum-2.5.4. I like to use the portable version because you keep all data confined to one folder. Just make a folder called Electrum and put Electrum-2.5.4 in the folder. Plug in your Trezor and start Electrum, when prompted check create new wallet, hardware wallet then Trezor. Pick a receiving address to send to. Which ever method you choose do a small test transaction first until you are comfortable. If you are completely new to Trezor browse the user manual first. Remember Trezor must be initialized before you can use it with myTrezor.com or Electrum. |
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Over the past 6-7 months bitcoin price has been very sensitive to news stories about an impending hard fork. This is due to "the sky is falling" mentality of many news outlets. Bitcoin will be fine, use any price drops as a buying opportunity.
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I think current Genesis Mining customers who bought bitcoin hashing are going to be in for a rude surprise when the halving occurs this summer. At that time fees will be higher than mining earnings and contracts will be worthless. It still amazes me that there are new customers who buy from Genesis Mining. In bitcoin you should never preorder anything or buy mining power you cannot resell easily.
If you have to scratch that mining itch your best bet at the moment would be to buy S7 hashing from Hashnest. You can sell anytime you want and it will probably still be profitable after the halving (no guarantees.) Myself I would prefer to wait until this summer after the block reward halving to see what new products Bitmain and BW will be coming out with.
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Well I was mocked by some when I made the thread (cognitive dissonance?) but the pattern is very clear now. News that increases likely-hood of contentious hard fork always leads to price drops. When coup attempts seem unlikely and support for them drops price increases.
Some (too many to actually recall) of the notable events:
XT released: huge drop
XT looses support price increases
Coinbase CEO and some other companies gives support to XT, price drop
XT looses support price increases
Coinbase says it is trailing XT, price drops
XT looses support price increases
Classic is announced price drops
Classic claims support of majority miners (admittedly Mike 'traitor' Hearn Rage quit then also and influenced price) price drops sharply
Classic binaries released and Gavin makes more pro fork propaganda, price drops
Exactly. Correlation between any development positive to hard fork and negative price movement is so strong, it's not even funny. And this is still with hostile hard fork probability VERY VERY low. But now it seems that corporate interests behind this hostile takeover attempt are not going to give up so easily. So, probability of hard fork and network split is steadily increasing. Once it becomes a REAL possibility, THEN the actual dump starts. With millions of dollars from investors to keep happy I doubt Blockstream will idly stand by and allow a hard fork from Classic to activate. It is more likely that Classic will hasten progress of SegWit and a hard fork from Core later in the year. |
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Bitcoin is not ready for adoption by the masses, it is not yet capable of handling the transaction volume of VISA. May never be able to or need to either. Since there are hoops to jump through to buy bitcoin and convert back to fiat, it is also missing the killer app that would make bitcoin a household word and greatly desired by the average consumer.
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Hey guys. Have loved Armory for the last two years, but I am becoming increasingly concerned with its viability given limited support moving forward. Considering switching to BitGo. Seems like their platform is used by the big boys. Does anyone have any experience with their platform?
Why the rush to switch from a wallet you already like? Goatpig has pledged he will maintain Armory himself. Since you are used to using a full node you might not be happy with BitGo's centralized validation and shared control. |
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Is the CoolWallet project dead? The website is still up but the sales link is not active.
Hi, CoolWallet is currently sold out. Will start selling again in March. Thanks! Appreciate the prompt reply. |
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Is the CoolWallet project dead? The website is still up but the sales link is not active.
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Hello, I stumbled over this crypto new site. There is a bitcoin price widget on the right top sidebar. I am wondering if this is a open source available plugin for wordpress. Could someone point me to the download page? Also take a look at https://btcquote.com/ their widget works in WP fine and you might prefer the way it looks rather than the widget you referenced. |
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What this also means is that there is much incentive backed by millions of dollars to keep the blocksize at 1 MB. Blockstream will try to bury Classic. It ain't gonna be pretty.
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i liked your goal, of letting people exchange their cash into bitcoin fast and without the bullshit verification. but despite being good it has a big flaw that you already know and are mentioning it in your cons, which is scammers which will try and use this service to turn their illegal cash (like from stolen credit cards) into untraceable bitcoin.
on top of that, your maid idea has a big fee of 5% which i think is going to be a problem in the future for getting people on board.
There are problems with any idea, my friend. Nothing is perfect. It will take work! Not all ideas are workable, and you need the counsel of a good attorney familiar with bitcoin. |
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It would be nice to have quicker ways of receivin bitcoin but honestly you will just end up with a lot of fradulent charges and most likely legal issues too.
True, but the man who figures out a way to make credit card purchases of bitcoin work somehow (legal, fraud, security). Is going to make a freaking fortune Coinbase and Circle already have. You seem to want to sell bitcoin in quantity while skirting around KYC and AML requirements, yes? Good luck with that. |
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This is the best cold storage app available for IOS. Use this one on mine mobile phone. Hope they keep improving this nice wallet.
You need to also check out the BitLox hardware wallet. It communicates with either your iPhone or Android using BLE and there are wallet apps for both phones. This is the first bitcoin hardware wallet to work with iPhone. |
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Just read the whole Interview and i think that i knew most of the things before, I'm collecting to buy one as i think it is the most secured hardware wallet at the moment, but the cons is the high price. The Trezor works with my phone and Trezor lets you create passphrase protected hidden accounts. KeepKey does not. I'm not sure this is accurate. Have you tried setting up KeepKey with Electrum? From https://www.keepkey.com/keepkey/faq/security/ "If someone finds my KeepKey recovery sentence backup, can they steal my bitcoins? If you use KeepKey’s advanced passphrase feature, even if a thief learns your recovery sentence, they will not be able to access your bitcoins without knowing the passphrase. You can also have multiple passphrases, making it even more difficult for thieves with your recovery sentence to gain access to your bitcoins." I do not feel you are gaining any security by using KeepKey over Trezor. If you just like the looks of the KeepKey you are getting a basic hardware wallet with PIN protection only that works very well with Multibit HD. Nothing wrong with that at all, but you lose some of the advanced functionality only Trezor and BitLox have at this time. Just take the time to make sure the hardware wallet you buy meets your needs. You're only talking about current lack of software support, right? Hardware/firmware wise, I thought the Keepkey retained every bit of the Trezor functionality, with added performance of the larger screen and faster operation, plus it has the additional feature of scrambled-word recovery that Trezor cannot do. I do not own a keepkey (yet) but I'm sure Aussiehash can confirm this. I have a KeepKey of course, and have been in contact with the company. KeepKey does not support passphrase protected accounts using the Chrome extension. They mentioned to me they need to change the website to reflect that. They may add passphrase support in a future release. Sorry to report that KeepKey can not create passphrase protected accounts in Electrum-2.5.4. I was able to get KeepKey working with Electrum with some help from support and they agreed with me there is no way to add passphrase protection in Electrum. Took a couple of days of sending emails back and forth to confirm that. It is also a pain to have to run Electrum from a command prompt. KeepKey definitely does not have the advanced features of Trezor. |
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I look for guide how to setup Leger Nano with Electrum. I find this guide in Leger website but it is too old and all pictures don't work also hi is for Linux and I search for Windows - can somebody help me. I assume you have already set up your Nano on Windows. You should then be able to download and install Electrum then plug the Nano in and ask Electrum to use Ledger hardware wallet when program starts up. |
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