based on my observations, it seems that only somehow profitable way (over buying bitcoin directly) is to run some Chinese mining farm next to energy grid with direct contact to ASIC manufacturers.
home mining is definitely dead for majority of world because of electricity expenses. USB gadgets are fine to play with cgminer and linux, but they will not even ROI..
+1 this Home mining is for the most part basically dead unless you have free or near free electric. And the situation is going to get quite a bit worse in < 6 months when the block reward drops from 25/BTC to 12.5/BTC (*) (*) If bitcoin price isn't well over $420-$450 by around 07-24 of next year it's going to get really interesting (not in a good way) in the mining community...even for the larger farms running the most efficient gear currently available! Particularly if bitcoin difficulty continues along it's current path. anyone know what the chinese farms are paying on average for electricity ? this could get interesting....in north america...there are places with VERY cheap electricity...for example I pay 0.048...thats 0.036 US DOLLARS...When its over -12c outside. Your rates are extremely low. Mind if I ask what country those rates are in? According to https://www.ovoenergy.com/guides/energy-guides/average-electricity-prices-kwh.html (circa 2011) it appears as though on average China and India have the overall lowest electricity costs for developed countries. The thing about China you have to remember though is that a great deal of people over there are setting up humongous hydro power plants to run their mining farms. (for reference take a look at this setup in China https://bitcointalk.org/index.php?topic=1072474.0) Also, I have heard that China offers all sorts of subsidies insofar as energy is concerned for the 'right actors'. Whether or not this applies to the above farm I'm not entirely sure. Either way, with the rates that you currently have you've got a far better chance than the 'snowball in hell chance at ROI' scenario that 99% of the rest of the world is currently in
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based on my observations, it seems that only somehow profitable way (over buying bitcoin directly) is to run some Chinese mining farm next to energy grid with direct contact to ASIC manufacturers.
home mining is definitely dead for majority of world because of electricity expenses. USB gadgets are fine to play with cgminer and linux, but they will not even ROI..
+1 this Home mining is for the most part basically dead unless you have free or near free electric. And the situation is going to get quite a bit worse in < 6 months when the block reward drops from 25/BTC to 12.5/BTC (*) (*) If bitcoin price isn't well over $420-$450 by around 07-24 of next year it's going to get really interesting (not in a good way) in the mining community...even for the larger farms running the most efficient gear currently available! Particularly if bitcoin difficulty continues along it's current path.
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So i can an S3 for about 175 euro in canada or an S5 for 560 euro. Since i am starting would i be better off getting two s3's. What you guys think.
Last s5's that sold where retailing brand new for $404 USD. $175 euro for an s3 is pretty damn high given they are selling for between $85-$110 on ebay typically. imho you should go for the s3 and stick to only one as neither unit is likely to earn what you pay for it (barring some meteoric rise in BTC price that isn't driven by some Russian Ponzi operator) so better off only losing 1/2 as much. *Just my 2 satoshis
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If one had a magic mirror that could tell you (by name) the cloud mining operations that aren't some form of scam you would be lucky to hear 2 or 3 names given. And those cloud mining operations that aren't scams are basically guaranteed to not ROI and generally shutdown the minute mining becomes unprofitable for them at their current $/w/gh ratio and electricity costs.
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I would like to know what would it take to set up a bitcoin faucet... I have some ideas on how should I proceed but would like to have a little help!
Anyone can show me some guide or tutorial?
Presuming your not somebody that likes to think in binary and has coding dreams you might want to check out faucetbox *They've been around for quite awhile and currently have >600 bitcoin faucets currently using it. https://faucetinabox.com/
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Soopy and pakage, appreciate your reaching out. Can you provide your thoughts on my earlier suggestion of creating pseudo-privately viewable source repositorys in the dedicated forum? This way actual 'vetted' members of investor amd contributors groups can actually see work in progress?
*chirp chirp
Boy, this thread sure is lively...bazinga!!
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Tho I'm not currently invested in this coin I did check your main site on my phone. Looks pretty decent (even on androud)
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I too have been having both withdrawal and deposit issue(s) over the past few days which is why I ended up switching my mining payouts over to another wallet entirely. Cryptsy support did manage to get my 3 issue(s) resolved within 24 hours of my creating a trouble ticket. I hope these accusations end up turning out to be false as I've found Cryptsy to be mostly reliable or at least quick to respond to legitimate customer concerns.
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Just curious as to whether or not coins stored on your web-wallet are actively staking for account holder?
*Really like what I'm seeing so far BTW.
Hey, coins do stake on the web wallet. Stake holder bounty scans each account and pays out based on the holdings in them at that time, once every 24h. Terrific. Exactly the answer I was hoping to hear. Thanks for the quick response Pizpie.
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Just curious as to whether or not coins stored on your web-wallet are actively staking for account holder?
*Really like what I'm seeing so far BTW.
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You are fine. It is either resyncing or reindexing. If you deleted the data directory at any time when you upgraded it, then you will need to do a full resync. If bitcoin core was open when the computer crashed, the databases could have gotten corrupted which would prompt a reindex of the database. Just wait for the bar to disappear, which can take a few hours to a few days depending on your computer. In that time, the bitcoin should show up. If you find that it is done syncing (green check mark in the corner and the green bar disappears) and that your balance is still incorrect, then your wallet is messed up.
BTW, you should have upgraded to the latest version 0.11.1.
+1 So long as your new core client is pulling up the same bitcoin addresses that your previous version contained you should be seeing your balance once the blockchain resync catches up to the actual transactions you've made to and from the old address.
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I contacted support and they informed me that they are unable to trace the recipient of my BTC as I failed to generate a receiving address via their site(which I thought would stay the same after it was generated last year). It seems all hope is gone...
I find it a little hard to believe that they just "deleted the private key" (surely they take and keep monthly backups). I'd keep an eye on the address to make sure that the funds don't move (if they do then the exchange has lied and stolen your BTC). Gotta agree with CIYAM on this one. My gut feeling is that either: a.) They are outright lying to you or b.) BTC has already been spent and they are outright lying to you. I don't know of any reputable exchanges that don't keep regular backups of their entire system. Definitely watch that BTC addy, (FYI, there are services available that will e-mail you of any balance changes such as http://bitnotify.com/) This way you don't have to constantly check blockchain.info by hand to determine whether or not anything has happened to that addy.
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Because they charge 7$ per month, and there was a bunch of people selling promo cyberghost codes (with few months on it) for a buck or two. btw i ended up in this thread searching for the same thing. cheers Hey fellas. Found the following link through a site called tipradar http://www.tipradar.com/80-discount-coupon-on-cyberghost-5-premium-plus-vpn.htmlIf you scroll to about the middle of the page and click the link marked 'Click here to get 50% Discount Coupon Code on CyberGhost 5 Premium Plus VPN' you may find what your looking for If you click it, and indicate that your a new user, you can get 50% off of their annual plan. ($34.99 for first 12 months vs $69.99, roughly $2.91/month). Note, this only applies to the first year of billing. Subsequent years are billed at normal rate. Alternatively, if you don't want to signup through this link just create a new account on CyberGhost and try using the coupon code 7LJ-538-TSP this could help, thank you!! I didn't know they are taking bitcoins... I will buy it then directly if nobody has cheaper... Sure thing. FYI, there are cheaper options out there (if price is your primary concern) but obviously you run the risk of sacrificing system stability/uptime if you go too cheap. You can always check out sites like http://lowendbox.com/ (or something comparable), just be sure to do your due-diligence on whatever hosting company you decide to go with to determine what kind of reviews they get Another handy site for quick side-by-side comparisons on VPS packages can be found at http://www.comparevps.com/
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Earn from rake yeah.. withdrawal fees and maybe even ads if you're that desperate
+1 on the rake idea. This is how Micon made his millions running Seals with Clubs. Advertisements more likely than not going to drive away more traffic than the marginal revenue they generate imho. I suggested is a desperate last resort sort of thing haha Makes sense Personally, if I where going to setup some sort of poker site I would try to keep btc withdrawal fee's at an absolute minimum. The goal here is to try and drive as many people to your site to play as varied a set of tables as possible. Since the site operator is literally taking a small rake off each table the goal is maximizing the # of hands played on the site. Micon was smart in how he setup Seals with Clubs in that he didn't exclude the smaller players with excessive withdrawal fee's who where wanting to get their feet wet with bitcoin poker so to speak and actually offered up at least a single no-rake low stakes table to draw in said traffic.
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Because they charge 7$ per month, and there was a bunch of people selling promo cyberghost codes (with few months on it) for a buck or two. btw i ended up in this thread searching for the same thing. cheers Hey fellas. Found the following link through a site called tipradar http://www.tipradar.com/80-discount-coupon-on-cyberghost-5-premium-plus-vpn.htmlIf you scroll to about the middle of the page and click the link marked 'Click here to get 50% Discount Coupon Code on CyberGhost 5 Premium Plus VPN' you may find what your looking for If you click it, and indicate that your a new user, you can get 50% off of their annual plan. ($34.99 for first 12 months vs $69.99, roughly $2.91/month). Note, this only applies to the first year of billing. Subsequent years are billed at normal rate. Alternatively, if you don't want to signup through this link just create a new account on CyberGhost and try using the coupon code 7LJ-538-TSP
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Earn from rake yeah.. withdrawal fees and maybe even ads if you're that desperate
+1 on the rake idea. This is how Micon made his millions running Seals with Clubs. Advertisements more likely than not going to drive away more traffic than the marginal revenue they generate imho.
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Dev here? Or the coin is dead? No strong buy support. Worth buying now?
I went ahead and mined a few of these about a week ago but ended up dumping them as it doesn't appear as though anything is happening with this coin currently. *For future reference, if a coin has this little to no buy support, there's more than likely a pretty good reason for it.
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Interesting little site. Curious just how much variance there can be between MA's and order book in such a short period of time. Keep coding mister!
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Came to bitcointalk because it was the goto resource back in the day when I first started exploring BTC in early 2013.
Also an incredible amount of depth to alot of these threads in the relatively short lifespan of the site.
Theymos and crew have done a pretty remarkable job with it all things considered.
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Mining is a tough market right now, even with the rising cost of bitcoin. If you have expensive electricity then forget about it. Also forget about mining anything with your CPU or GPU.
True, if your trying to mine straight bitcoin. However, you can setup a couple of relatively decent mid-range or better GPU's to mine an altcoin and then convert it to BTC. For example, 2x 7970's hashing about 46MH/day of ethereum will currently earn between ~$1.80-$2.02/USD/day
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