Bitcoin Forum
June 21, 2024, 07:12:21 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 [134] 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 ... 229 »
2661  Bitcoin / Bitcoin Discussion / Re: Can we really have fast transactions like the XRP? on: September 29, 2019, 06:42:05 PM
last time after our manager sent our rewards on signature campaign it took a day to confirm the transaction the longest transaction I've ever had. So I came to think of it if Bitcoin can have a fast transaction like Ripple (XRP).
Why are you complaining for 1 day? DO you know how long international wire transfers take? WEEKS.

Signature campaigns pay minuscule amounts, do you wan't him to spend half of the payment in transaction fees? OF COURSE i would use the lowest fee (1 Sat/B), this usually takes about ONE HOUR, and rarely several hours.

Yes, in theory campaign managers could use Lightning Network, given that the payments are frequent and often, it makes a perfect use of it. Unfortunately, Lightning Network wallets are still rare. Perhaps when the likes of Electrum finally add it, but even LN has had changes lately so i still don't know when this would ever get critical mass use (if ever).

You mention ripple but that is the case of everybody else, due to lack of use among other things. Except perhaps ethereum, because their blockchain is used for a gazillion things not eth (all those tokens and smart contracts, etc). Go ahead and send 1 dogecoin while paying the lowest fee and see how long it takes, its probably faster than ripple...

Bitcoin transactions are perfect for most uses. I always use the lowest fee, i even bought something once online that way, and got it faster than ever compared to using the traditional wire transfer fiat method, that usually takes at least 1 day for the seller to confirm, while with bitcoin 1 hour later he got it confirmed AND, no stupid bank working times (which in this country suck).
2662  Bitcoin / Bitcoin Discussion / Re: Bitcoin legal and illegal countries on: September 29, 2019, 06:26:47 PM
Many countries in this list are in the same (neutral) position. technically not illegal, but still not embraced, or adopted. I can tell you the people from the central bank of one of the countries mentioned in the "legal" list don't like Bitcoin. That country is actually neutral, but they have an exchange "control" that you could technically violate using bitcoin (and several people do that). Unattended, this could lead to illegalization due to politicians being ignorant and fearful that their pretty "controls" are getting ruined (people out there that condemn the free market) by evil Bitcoin.

And my country isn't even listed which is even more hilarious, but lets ignore mine, satoshis are now worth more than our fiat anyway.

Your post was very interesting and then I checked and found out that you are from Venezuela.

What you are saying is correct. The national currency has got so much devalued, that it is now worth less than Satoshi. I am not very familiar with the legal status of cryptocurrency in Venezuela. I don't think that they have banned it in anyway. However I heard that they wanted to create their own crypto, named "Petro". So similar to many other countries, the legal status can be defined as grey (undefined). They haven't jailed anyone for using Bitcoin yet. So be cool and continue to use Bitcoin.

I think Petro has already been used by Venezuela in more than a year. This was their response to a spiraling value of their Bolivar, which they highly think as a result of subtle interference by western countries, particularly the United States. Right now, with a very high inflation and Bolivar almost left valueless, the rise of Bitcoin is apparent. Venezuela should be listed together with countries where Bitcoin is considered legal.

Its regulated in theory, and you are supposed to use a State approved exchange (which nobody does). I suppose the idea is that these exchanges are taxed.

Petro is separate, completely government controlled. You can sell your crypto for Petros, and they do require KYC.

You say we use Petro but that is not true, almost no one uses crypto of any sort, very rarely you see a shop or two accept bitcoin, dash or ethereum, but that's like 1 in a million.

The reason for hyperinflation is the old fashioned State abuse and manipulation of the currency. "Printing like there is no tomorrow" basically, and blaming anybody else, especially the "Evil American Empire", because that's the preferred rhetoric here (and yes, they use those words literally, to refer to the USA).

Truth of the matter is they ran out of money to keep paying wages and such and resorted to this. Sounds idiotic? It is. It became apparent in 2014, everyone warned Maduro but he didn't care and did it anyway. Not unlike Mugabe, with identical results. Some people act like that after they taste power, and they think they can control human nature by force, including the market, which they believe shouldn't be free but State controlled.

In the middle of this someone sold them the idea to make a token as a means to catch money, as many countries were refusing to give any more loans due to Venezuela being unable to pay back with anything but oil, and that production has reduced to a third of what it used to be a couple of decades ago (again, serious mismanagement). They did in fact manage to catch some money, which was wasted and probably used to fill their pockets as usual, the country is worse than ever, and Petro did nothing. You cannot compare it with Bitcoin, which indeed some people use for survival.

Bitcoin is not illegal and never was, not even before the gov got involved, but like in Ukraine authorities here abused the lack of legislation to extort, kidnap and ransom miners. Things changed a bit in the last two years but also this year the electric grid collapsed due to dire lack of maintenance and mass quitting of underpaid workers (and its a "State Socialist company", go figure).

And yes, there are rumors some of the gov people actually mine themselves, they have shown "someone's" mining farm before on State TV. With most of the country having frequent (and in many places long) blackouts, brownouts, and several short interruptions, pretty much guaranteed to burn anything you plug without some sort of delay line conditioning protection.
2663  Bitcoin / Mining support / Re: Farm Design , Suggestions Needed. on: September 28, 2019, 08:13:34 PM
Then i guess its my mistake interpreting the ascii art. If its just 3 walls then all is fine. I understand the middle wall perfectly, but the art made it look like there were two walls before and after that, so it doesn't matter then.

Some heat re-flow can actually be useful to reduce humidity, but that's not your case here.
2664  Bitcoin / Bitcoin Discussion / Re: Ukraine wants to legalize crypto (again) on: September 28, 2019, 06:56:12 PM
In the past there was multiple laws submitted by MP's that aimed at legalization of cryptocurrency, but it seems like this issues wasn't important enough to even vote for it. But after the recent elections the parliament and government fully changed, and now Minister of Digital Transformation says he wants to legalize crypto, so that law enforcement would stop extorting miners and crypto traders/miners would start paying taxes. He also says that he wants to put government records on blockchain.

The new government has already started doing some reforms as soon as they got the power, so maybe there's a chance that they will indeed legalize crypto. But I don't think that this chance is too big - maybe they will be busy with other things again, and MP's simply won't have time to review and vote such a niche law.

Many people in this forum are probably unfamiliar with this, but my country certainly is. I HOPE you can get the law approved and authorities respect them, to stop the extorting, and all the garbage that brings (corruption, organized crime, etc).

Taxing can probably be done to physical things within the country, such as to asic mining equipment import or mining sites.

Government records on blockchain is a good idea, as long as they do it right: decentralized. To have true decentralization you need to somehow incentivize the people into running public nodes. If all you do is put the records in few nodes running in a single gov. datacenter, you are doing almost nothing to increase security.

Simply using a blockchain isn't good enough, don't believe the hype.
2665  Bitcoin / Bitcoin Discussion / Re: Are You Doing This? on: September 28, 2019, 06:40:49 PM
I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family? I ask like this because I think if something bad happens to us (I personally hope it doesn't happen), it would be better if we pass down all the things from bitcoin that we have to our families. For example, when we have an accident that makes us comatose state (I hope it won't happen) at the hospital and we need medical expenses, it would be better if our wife or children can take money from the bitcoin that we have to use as our medical expenses.

I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?

You could leave instructions in a secure place (ie. bank vault) in case of emergencies, and only instruct them to check that in such a situation, but without they actually knowing what it is in there, and certainly not having access to the actual seeds / passwords etc. Because if they do, chances of "mistakes" increase.

Unrelated to your real savings (and secret instructions), teach them how to make and handle their own offline wallets. So they get familiar with the process...

Since you already spilled the beans you probably either have to move those coins and redo it again, or hope no one makes a mistake, because i wouldn't be surprised to see all your savings phished out. Believe me, i saw it happen already, once its gone, its gone. Don't be careless with this.
2666  Economy / Speculation / Re: Can Bitcoin Make it back to $20k ? on: September 28, 2019, 06:26:33 PM
There is a reason why bitcoin price surge in 2017
from three thousand us dollar to five thousand then goes up to 20k
during that time bitcoin is Introduce to public  and they are slowly
getting interest to invest on crypto , suddenly it started a bull run
and the public goes crazy over it excitement and everything
they buy bitcoins to hoard, then a news breakout china is banning bitcoin and exchanges, also closing mining firms, all kinds of fud
release over the internet, and the price declines
Now bitcoin is under fire again with Bakkt first day of trade price crumble again but slowly regain, they say october is the time that it will reach 16k are we gonna see 20k+ by november ?
feel free to share your thoughts dont be rude to everyone smile

It is possible, but whats questionable is the time it would take. There is a chance that this price might be reached again at the halving bull run, if not, then maybe some years later.

Currently December means nothing, it is the halving the most significant Bitcoin event that matters, and that is expected to be in May. Historically there is a little fluctuation before the Chinese New Year, in theory they sell to get money to travel home etc, or so goes the tale. I doubt the Chinese whales need that.

Invest money you don't need, and then wait it out (aka. hold).
2667  Economy / Speculation / Re: Morgan Creek CEO, Mark Yusko Commented: Don’t Sell Bitcoin on: September 27, 2019, 08:29:47 PM
The veteran investor of hedge fund, Mark Yusko has said that it is not the right time for sell and Bitcoin (BTC) is only showing a buy signal. Yusko gave this statement in an interview with CNBC on 27th September.

I don't have to be "a Veteran hedge fund CEO" to state the obvious, in fact i could swear i have said so here one way or the other.

Never sell, basically, except what you must absolutely need for daily needs. That's what someone who went 100% Bitcoin should do. Oh, but if you still have a source of income in fiat, then use that for your daily needs and leave the bitcoins alone.

Those who went in for the trading, even more should already know not to sell for a price under what they bought. And especially, don't act on impulse or fear.
2668  Bitcoin / Bitcoin Discussion / Re: Adoption! Finally? on: September 27, 2019, 08:25:43 PM
You forgot the korean messaging giant Kakaotalk and its cryptocurrency KLAY, the other messaging service Keybase with XLM and Samsung with its half-hard wallets on its new phones.

This is not Bitcoin adoption but altcoin adoption, It is useless if they only use their own coin within their apps.

Why not have each company issue their own altcoin then? Exchanging will be lots of fun!
2669  Bitcoin / Bitcoin Discussion / Re: Can more ATM's increase adoption for Bitcoin? on: September 27, 2019, 08:00:54 PM
I have never used a Bitcoin ATM to buy coins. I know there is a more inflated BTC price than on the exchange. However, for regions like Venezuela, Argentina, Africa, this is a necessary way to buy BTC.

An ATM is useless here, and as i found online, the only one exists in a border city, perhaps using foreign currency. My country leading Localbitcoin transactions isn't a coincidence, even their commission fee is a bit too high for daily use (ie. under 1 USD purchases), but the typical rates used by ATMs are unacceptable.

AND, it is physically unfeasible, as a single transaction would either empty or fill the ATM's safebox. Banknotes become paperweight in hyperinflation and you'd need a box of those to buy a simple thing, not even purchasing an appliance but perhaps a meal in a restaurant, or drinks in a bar...

Yes, i like how they project the BTC logo to the masses, but perhaps a sign would be cheaper and more effective (ie. with the shop qrcode of the owner's Bitcoin address).

Or they could do more sponsoring sports team thing.
2670  Bitcoin / Bitcoin Discussion / Re: Is this why Bitcoin is crashing? on: September 27, 2019, 07:51:07 PM
Well, maybe crashing isn't the right word - but it's definitely dropping in price. Here's a cool overview of what's happening:

My key takeaways:

  • September is typically a bad month
  • Baakkt is not doing very well
  • It’s worth noting the cryptocurrency is still up about 127% on a year-to-date basis


Thoughts?

If "crashing" isn't the right word (it isn't), why did you use it? It went from 10k into 8k, so a mere 20%.

September a bad month? Then it means the Chinese still have a strong position in the market. It is them that keep following those superstitious beliefs.

Over-expectancy of Bakkt or actually executing the plan as intended? Futures is about betting against bitcoin and they clearly want to get the ball rolling, but the trend will reverse, and then...

Indeed it started the year at around 3k, so its doing great.
2671  Other / Off-topic / Re: Largest religion in 2050? on: September 26, 2019, 11:03:03 PM
I think a secular religion or atheism (agnosticism). Just like the modern China.

Atheism and agnosticism are very different. You could say Atheism is a religion, as it brings its own dogma and faith (in non believing) while the agnostics choose a more humble open minded posture.

Modern china... still tends to follow a lot of old customs and silly practices, some dating to their traditional religions. They also influenced their neighbors who tend to do the same to this day, even in the most christian Asian country of Korea...
2672  Other / Off-topic / Re: you like robots? on: September 26, 2019, 10:56:47 PM
Linux terminal

Which one? agetty?
2673  Other / Off-topic / Re: What are you listening to RIGHT NOW? on: September 26, 2019, 10:48:51 PM
The Moldau (Wiener Symphoniker) Friedrich Smetana...
2674  Bitcoin / Pools / Re: NovaBlock, The Most Profitable Mining Pool on: September 26, 2019, 10:41:11 PM
To everyone else:

If anyone is interested or has any questions regarding our pool, please don’t hesitate to contact us.

Please send me a PM or email me at vincent.v@novablock.com if you are interested in testing out our pool. We prefer senior members of the community and will offer 0 fees for a certain time period. Additionally, we can offer a permanent reduction in pool fees based on your review. We have a review guideline that can be provided.

Do you have any plans to start a signature campaign promotion? Would be nice to have pools do this as well.
2675  Bitcoin / Mining support / Re: S9's -Where do the input/output fans connect too? on: September 26, 2019, 09:53:09 PM
This is just my guess, but i think it occurs physically, not logically. By having one weaker than the other, it creates the difference. The controller is probably just sending the same thing, if you send 80% to a 4k, this results in 3.2k, but to a 6k fan it is 4.8k. Think Chinese way, cheap, make it cheaper. Control them separately? no way, that's double the effort and costs (and remember the controller actually has more, you can solder the plugs back and they all work), plug any two fans in any position and the firmware is happy You can probably use more than two, but i have no idea what is the current load limit of the poor thing.

With both being 6k but one with thinner blades than the other, i guess you get the same result with numbers looking prettier. Main reason to do that would be to save some cents with the cheaper fan motor.

I wonder how is that done with S17 4 fan configuration... Two strong and two weak?

You get negative pressure as long as your exhaust wants to move more cfm than your intake, however you do that doesn't matter. What happens if you get equal pressure? Probably nothing bad, you just are using a more expensive (and noisier) fan in the intake.

But be my guest and experiment swapping the plugs, i doubt you'll notice any difference except in the web UI fan number.
2676  Bitcoin / Mining support / Re: s9j flashing with sd card problem on: September 26, 2019, 09:39:50 PM
Anything new with your problem??!
I have the same problem and cant get rid of this, working about 12hours on it.
The only solution that I got is to boot the miner by braiins over SD card...

If it works with bOS the problem is not in hardware. Are you able to install bOS into nand and boot to it without the sd card? If not, you might have a damaged nand in the controller, so test that too. If it works, then you are doing the procedure to flash the T9+ firmware from Bitmain wrong.
2677  Bitcoin / Mining support / Re: Adjusting Miner Mode depending on powerplant outpout on: September 26, 2019, 09:32:12 PM
Eww 360w per miner. To the OP just make sure there is no IP preventing you from doing what you want to do. But everything you want to do is possible.

That setting wasn't the most optimal, 85W/T, but the idea was simply to lower the power and noise, which is what op wants. You can find a more optimal config, or an even lower power consumption at even worse efficiency that lets the boards some hashing instead of "idling" in "consume a lot" mode...

Or a poor man's sleep mode.
2678  Bitcoin / Mining support / Re: S9's -Where do the input/output fans connect too? on: September 26, 2019, 09:27:06 PM
Yes because normally one is slower than the other (ie 4k vs 6k rpm). But you could just use two 6k fans and it won't mind. Connector position is really unimportant.
2679  Bitcoin / Mining support / Re: Farm Design , Suggestions Needed. on: September 26, 2019, 09:05:51 PM
[...]

So then you just need it above 20% to prevent static build up, good to know.

Yes it runs circles inside the hot room, thus creating pressure against the (asic miner) fans. This is what i meant with my post. To understand "pressure", just put some obstacle near the exhaust fan of one unit, such as your hands, and watch the temps.

In my opinion, there should be only fans in the inner wall (no vents), and the outer wall better have lots of vents (or big enough) so the air can go easily.

And yes I'm only referring to the exhaust part. Intake is probably fine. Funny you didn't just mirror that, a vent is not a cheaper fan, it lets some air go in the opposite direction...

Oh and BTW, this hot room try to make it walk-able, you'll find it very useful for some unrelated things later. Think, giant clothes dryer Smiley Just don't abuse it and create unwanted pressure lol.
2680  Bitcoin / Bitcoin Discussion / Re: Bitcoin dominance is actually over 90% on: September 26, 2019, 08:56:19 PM
Well this is the way it should be. Most altcoins are redundant and unnecessary, and several are actually a risk to mess with. Therefore logically the market prefers bitcoin, because none of the alternatives has shown or proven to do better, if anything, quite the opposite.
Pages: « 1 ... 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 [134] 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 ... 229 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!