|
Yeah, it was a transaction to dump my first coin earned via mined, i'm regretting it now, because i remember i dumped it at 60 euro, it was before the pump to $200+ in april 2013
well at least i leanred about exchange(sent to kraken at that time) tx fee and everything, was more of a test than dumping actually
|
|
|
|
It is impossible for any gov't to tax bitcoin. That is the reason why it was decentralized in the first place.  So no one owns it and no one party can tax on it. Period!  They are taxing it actually, IRS at least is doing it without problem, but it always be true that there will be evasion, but this has nothing to do with bitcoin, fiat world is full of evasion also from the moment you convert in fiat your traced and therefore taxed if the sum is big enough, i guess for meaningless amount they don't care and probably don't search either, there must be a filled that give them a warning under a certain threshold |
|
|
|
Is there any possible way that BTC can achieve the transaction speeds needed to become the primary currency of a major country at least?
I am not an expert at all but from what I am gathering here SegWit is only a temporary solution and more block size expansion would be needed in the future
if you don't pay the correct fee there is nothing can speed up the transaction for you, just take a look at the ongoing unconfirmed transaction, the majority are lower than the average which is 25k satoshi now people should really take a look at this when they send their coins, https://bitcoinfees.21.co/ |
|
|
|
pretty much pointless to mine now.
27 mh will net you about 7 coins a day and that number is quickly dropping.
There will be 36 MILLION coins available to trade on the exchanges on opening day.
If the price is 5 cents per ubq then people made profit and can dump all the way to 3.5 cents per coin.
Most are just looking for profit so anything above what they bought it for will be dumped.
at present this coin need to reach 20k satoshi to be on par with profit of other coins, not gonna happen... |
|
|
|
network hashrate continues to climb exponentially according to http://explorer.pascalcoin.org/while other profitable gpu coins difficulty rises as well. not the trend one would expect. putting aside the unlikely explanation that a few million gpu's have just been added to the global mining pool, does anyone know anything about bitcoin sha asic being adapted to this algo or possibly some drastic optimizations in the current mining software? no use mining old school with a few gpu's when people have an outdated s3 doing equal to 100x GPU's worth of work. as an aside, anyone want to buy my s3?  few million? network is only 10TH, and a single gpu can do 1G...there are only 10k+ gpu, more than possible with all the gpu combined that are now mining all the altcoin the absolute nethash of all the altcoin right now, might be 1 million gpu at least |
|
|
|
|
this was just another coin to mine early and dump at 50-100k range or even 30k, huge profit
|
|
|
|
Guys thanks for your PMs, I'll open the pool when it's ready, but not with this miner, it will work with default miners. It's ready when it's ready, please don't pm about when it opens.
Thanks
i hope you understand that there are not only amd miner here, like nanopool that released it only for amd |
|
|
|
Not yet. Nanopool is finding 85% of the Blocks now. The total hashrate reported in the Client is 6.9THASH. But nanopool report 11,772THASH alone. I think the real net hash is around 14THASH.
so 10 days to find a block with 5 giga which is around the speed of one rig(1070), this mean 0.008 per day, not worth it.... |
|
|
|
The hashrate bug was fixed in the Klaus-t fork.
Difficulty has risen 400% in 12 hours because of nanopool. Not profitable any more..
link tot he fixed version? can it mine on pool also? |
|
|
|
Yes. I no longer use BTC for buying stuff. The fees are too expensive especially when I can just use a card instead.
Commerce is not much more than a sideshow but it's an important one.
The other biggie is dark markets. They won't care about what coin they use. They just want drugs.
If something good enough is cheaper to use and accepted enough then they'll switch to that without a qualm.
how are fee too expensive, when they are not even 20 cent of dollars? with the vast majority of cards you pay at least 1 euro to withdraw from atm and there are other fee, like annual fee and monthly some times, this is far worse than bitcoin with bitcoin you can actually choose to pay a bit less than the average it will still confirm in a relatively short time, and there are always off-chain TX... |
|
|
|
|
I don't know what you are talking about but there is no 51% concentrated in china, if you mean mining, all the pool are at best 20% of the net far away from 51%
if you mean that the majority of mining farm are in china, that's fine as long as the operator are in competition
if you are talking about the market, there is no evidence that they are controlling 50% of it
|
|
|
|
I have been a trader for more than five years and I still have not found the relationship between gambling and trading in my ordinary activity.
At least my personal strategy in trading depends solely on calculations, statistics and strong money management, so the possibility of losing money has been completely removed from my trading routine because I do not like to depend on good luck to generate stable incomes.
funny thing is that strategy does not work all the time, this mean that there is a certain % of loss which is not insignificant trading is gambling simply because of this not insignificant % of loss, when someone say that you can be 55% + ev in the long term he is actually saying that he is gambling, no real difference because there is also no guaranteed that the 55% as an example will stay there forever |
|
|
|
Yes that is how they "test" them.
What I would like to say is that they can use the devices for a certain period of time, extract the bitcoin and then sell it later. I don't say: product quality testing. i actually think that they sell the devices at a certain diff so the roi time is exactly what they want, based on an accurate estimate, it's not even that hard to do when you know the average increase, which is somehow always the same and because of this it does not make sense to buy their equipment to roi, you will never roi unless you sell back to someone else |
|
|
|
|
no nvidia pool, nice fucked distribution...on the other hand with that nethash the profit is almost equal to zcash
|
|
|
|
Bitcoin cannot be compared with gold. Gold is a precious metal. It can be used for many purpose. Bitcoin is also expensive. It can be considered as a saving if you are ready to take risk. We dont know the future of bitcoin. Because its price is volatile. Who knows if its price will crash tomorrow.Whatever we tell about bitcoin, its right, but after all its a man made software token. Nothing else. If someone hack any top bitcoin exchange or any firm ,thats it. Its price will crash. Imagine If its price crashs and becomes fews cents then there wont be any use with this bitcoin.
the technology behind bitcoin can also be used for multiple purpose, so this whole thing about gold being more important because it can be used on the real industry it's not a point so important anymore in favor of gold you can use the blockchain to build a great amount of stuff on it, it can make life easier for many developers |
|
|
|
Seriously, demonstrate your honest by being the first to share with proof. 120 is pretty solid but no were near the top. There are guys here that have 1,000s to 10,000s. Guy/Gals that were mining in the earliest days. This is THE Bitcoin Forum, anyone who has been involved in bitcoin since 2009 has (or had) a presence on this forum. I'm not sure if I have a lot or a little, so I will ask the community first.  I'm sitting on a good amount. Wonder if I have more than anyone else, or not. If nobody has close to my amount I might keep my mouth shut. lol Done, posted a pic. I am from the early days, and the early people SOLD off coin to cover power bills. I had a liar in PM tell me he is from the early days, to imply he had more than me. I told him I wasn't impressed. It's what he has NOW, not 7 years ago. I can also show empty wallet addresses with transaction history. Means nothing when empty. I do not believe there are guys here with 1000s or 10,000s. i can assure you that there are people with that amount, especially those here who mined in the early stage, where it was easy to do 1000 in one day you need to look at the most ancient of this forum for this I can assure you, that unless they have forgotten they had BTC, or lost a password, they have spent it. I already told you they would have spent it on the power bill during the GPU mining era. When they had it, 1000 in one day, they correctly viewed it and treated it for what it was worth: NOT MUCH. It was spent when and where and how it could be, as it is today. Even now that it is worth 920, people spend it when they can, get it when they can. Economics. When they had 1000 in a day, it was worthless, and spent just the same. Economics. if they were someone intelligent, with their 10k+ coin, they would only dump 9k and keep at least 10% i know that if it was me i would keep at east 50%, because first i don't need all that money, second i would always hold a good amount for the future what you say it's true in part, i can bet my ass that someone is still holding a large amount, especially those that didn't dump at the 2013 ath, why dumping now when the price is lower? |
|
|
|
|
well it's true that bitcoin can be used for money laundering, especially if you pay in bitcoin directly for goods that come from another country
how the government(fiscal agent(whatyouwant are gonna know you are paying $1k+ in illicit bitcoin to buy stuff that no one know the value about? you can't really do the same with cash so easily
|
|
|
|
I seriously wonder if these stolen coins will ever be recovered? I mean, it doesn't seem impossible with companies devoted to blockchain analysis.
Does anyone know of any examples of large Bitcoin thefts where the perpetrators were caught in the end?
in the case they will be recovered they will be labelled as a tainted coins, and lose some of their value, talking about fungibily issue in bitcoin here... especially if these coins are confiscated by the autorithy, maybe if it was the exchange itself it can close an eye on the matter |
|
|
|
I adding rigs as we speak.I get around 780mhash on the 1070 and 460mhash on the 1060 3gb. 24 rigs added so far I I find blocks I will add another 100 rigs. if you will not be able to find a block with 100 rig which is 500G then something is clearly wrong here... |
|
|
|
|
Show Posts
