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pool for this? ocminer is ready?
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could be that the fee added to chinese exchange is because they need to pay more tax now after the government entrance to their activity?
anyway i think the chinese are just waiting that everything is settled before entering in play again, the market look stagnant again now
if you try to compare old stagnation with this you can come up with the same amount of activity in those chinese exchange
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Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?
Fair enough. Volume obviously is taking a hit on the Chinese exchanges. Whether that translates into a sustained downtrend or not remains to be seen. I think we are still in a bull market. I'm happy to ride it out the exchange worry as I think in the medium term it will probably be a positive. As always though with bitcoin, you just never know. chinese can't make the market crashing again, if they dumped and the market tanked because of them and then they bought again(very likely), it would be stupid for them to dump under their "buy back poin" based on the trend i can see that the market is stable now, even if this does look like the $1000-$600-$800--->$400--->$200 in 2013, is nothing like that |
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the only good form at the moment to earn something not as a peanuts and worth the effort of your investment is mining altcoin and not bitcoin
you can earn as a much as $300 per rig per month if your electricity is free if 5 or 10 cent you are still around $200 per month with 6 x gpu
this is reaally good imho, it can help your income to grow
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Increase the diff like that will not make any benefit to miners, they are only stealing to each others and increase their consumption
and therefore even if you have a massive margin because of the value of bitcoin, is still not make sense to invest for stealing 1% or less to another big farm
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Bitcoin was created to free everyone from the control of banks and governments. It is gives you the power to be your own bank! and now we got people asking to make a bitcoin bank, which I think is ridiculous! It against the entire idea of bitcoin, just think for yourself. Banks will centralize everything rather than decentralization.
yet i believe many people lie to being controlled as log as who control their funds offer them soem sort of protection, i can bet my ass that bitcoin banks will be a reality in the future where average joe can store their funds safely, those same people can't keep safe their local wallet...and btw there are already some forms of bitcoin banks, like xapo wallet, and coinbase itself, they have insurance, they are solid and reliable |
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Bitcoin is not officially legal in any country. If it is legitimate, it will probably be some sanctions in the direction of law, maybe it will have to pay taxes. The main thing is to introduce bitcoin in the country.
if it is not illegal it's legal that is the concept, bitcoin is actually legal in many country and in europe is for sure legal because they approved it by exempting from vat, this alone make it legal in those country it's not about legalize or not it's about regulation, and how each of them see bitcoin, for the USA is a property if i'm not mistaken for other can be seen as commodities |
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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 |
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I remember there was such concern, which offered premise for accommodation farm and other equipment for mining (mine Toomim bross).
Their price was 3 cents per kilowatt and even mine some of the accommodation fee. The reason for such a small price is hydroelectric.
In Georgia the price of electricity is achievable in my case and I'm trying to make it as low as possible. I have two farms which I want to move together first one is BTC farm and atm there are 13 S9s and second one is crypto farm with 300+ VGAs (RX480 8G). In both places I have different prices per kwh and they are higher, my goal is to as I mentioned move them together with lower el. cost and better infrastructure (air flow and conditioning). And the idea is that I can make also a hosting service if anyone would be interested, I have some local miners also who are waiting for this kind of opportunity so why not should I make it global? Benefits are the cost of electricity, low shipping cost of hardware, avoiding customs 18% tax legally, and no any other taxes. I think the offer should be attractive to farms with high cost of electricity and also ones who has no place for farms. yeah i was interested at first but the high price to buy stuff directly there to avoid shipping and maybe damaging some components killed it for me |
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can you still improve this miner?
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if you have already a high end gpu fpr gaming you can mine with it and earn something when you are not gaming
i started mining exactly in this way back in the doge era
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I doubt it, since they released it open-source.
they are not going to fix the cpu bug then...it make the earning worse, and my cpu fan spin badly |
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you can also sell on amazon they don't use paypal, should be more safe, someone tried it?
I have sold many GPU's on amazon. The fee's are about the same as ebay+pp. In my experience selling GPU's on amazon; most of the buyers are from a country where it is hard to find GPU's for reasonable prices. They have you ship to a reshipper. This is fine so long as your seller settings indicate that you don't ship internationally. Doing so limits your liability to the address they provide to amazon; and also makes amazon review their payment method more stringently. If you fail to indicate that you don't ship internationally, you will probably get orders from stolen credit cards. I have had some US buyers have problems with GPU's. These are almost always due to inexperience installing the GPU. Most buyers only need a few suggestions to get it working; some need a new PSU. I haven't sold anything on ebay in a while. For reasons already explained in detail earlier in this thread; I don't recommend selling anything worth more than $150 on ebay. Personally I judge the future resale value of a GPU based on where it ranks on amazon's Best Sellers in Computer Graphics Cards and how long it has held that rank. well at least they can't charge you back after 180 days like with paypal, there should be less scammers there |
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it might work, you are spending 60-70 euro on electricity per month with a single antminer s9 and producing 240 euro per month
net will be around 190 euro, even assuming the diff increase of 10% per month, which follow the value anyway, you are still in profit from today to one year
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i just believe that solar panels and everything else(like battery) simply cost too much, for them to make sense the price should be 1/8, this because you need 8kwh of panels to cover 1kwh of consumption for the entire day...
and with this you are not going to pay in advance for your power which doesn't make sense, you need to roi on the equipment already "roiying" on the solar panel too make little sense, it's like you bought another "miner" that save energy instead of mining
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what are the other solution now besides the hard fork to 2mb? if there are not any and we can not hard fork to 4mb/8mb because miners don't agree, and they either don't want to activate segwit, there is no solution in this
i remember that the miners were in agreement(at least the majority) with hard forking to 2mb at least, they changed their mind?
i think that this consensus mechanics is brokern, it should be in this way, if you have not a better solution you should agree with the best available one
segwit in regards to real scaling, is a temporary gesture.. a one time boost/stopgap lets say it was a full release last april and it got activated by june last year.. by this month now. all of its advantages would have been seen and we would still be needing dynamic blocks now. the best solution is for core to just release a dynamic block version along with segwit. and join the level playing field. late 2015 core devs agreed to a plan of segwit mid 2016 and dynamic blocks by mid 2017 but in spring 2016.. core started back tracking saying nothing was agreed and they were just independent devs and had no ability to put code into bitcoin core in regards to dynamic blocks... (luke jr received alot of backlash because of that). pools are not going to break the rules and push for something if nodes are not ready for it.. which core knows. so they have prevented having a dynamic block release. and now done their own temporary feature as soft... but shot their self in the foot because again pools wont push forward with a big change unless there is a big node acceptance. even if devs feel that nodes dont deserve a vote. pools are smart to know for validation security nodes have a place in the network. hense why segwit is holding at 75% pools undecided about segwit i was also with dynamic block but i've heard there are some problems, first of all is if an attacker is abusing the network by flooding it and increase the dynamic block momentarily, this will lead to some sort of centralization toward strong node the other thing is to follow the monero project with its dynamic block, but it will change a bit the fundamental economy of bitcoin, making it inflate for a small amount like monero did |
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We should answer your question with a question. Why do you need this information? People can thumb suck stats from sites like Blockchain.info and other centralized sites, but nobody knows how much of these wallets are just duplicates of single users. I have 100's of Bitcoin addresses with different amounts of Satoshi. Every time I experiment with a new site that requires a bitcoin address, I use a new one.
So what are you trying to determine with this question? How many users use Bitcoin or how many wallets contain Satoshi or how many active wallets there are?
You spoke my mind. What exactly does he want to do with the information. Is it just for the sake of making a post? well not really, if there was a way to say that two wallet are connected based on transaction that are sent it would kill a bit the anon of bitcoin, because the real anonimity in bitcoin come when you use a completely different wallet those wallet will not use as a output other addresses that you have created, thus linking them and making you traceable more easily, if for every new transaction i'm using a new different wallet your TX will be 100% anon |
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if china will ban it they will ban the mining activity too, which mean that the diff will decrease dramatically, and miners will have an easy time making profit for a long time
you can't simply replenish 70'% of the network in a short time, the price i think it will not tank so much, because panic buyers will be all over the price when the value will tank
Panic buyers did not manage to keep the price up when the price started tanking to 200 after the last rally. If there is real blood on the street, those buyers will rather be panic sellers. Smart money will still buy though. that was bound to happen anyway, the price went directly to 1200 without any real consolidation, it's not comparable with today increase not to mention that if we are again near that value it means that more people bought at the same price than before, which is equal to a more solid value than before it's very unlikely that bitcoin will return to 200 now, this will be more true the more people buy at these current high levels |
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you should not ask to yourself this question to choose bitcoin over fiat you should ask this question
is bitcoin more safer than my bank account? the answer is probably yes, therefore i see no reason to hold my funds in a ambiance where everything is controlled and full of fee and with more risk
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Did they give a reason why they are not accepting btc anymore? Yes. They said it was because Bitcoin is now dead. are business really changing their mind so easily based on the bitcoin value? no wonder the adoption is still stuck at the same point if they choose payment gateway they should not worry about the value, they will dump as soon as they get their btc from their customers |
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