Bitcoin  brags and advertises FAST 10 minute transaction times (a transaction for basic users, is when they have access to the funds and can safely spend them NOT just when it hits the chain!)

Bitcoin brags and advertises low fees yet in order to have a nice transaction time you are asked to increase the fees. Which I have found does not actually lower the time it takes to actually allow the transaction to be safely spendable by the networks advice.

Bitcoin  is not (in my eyes) "miles ahead" of anything yet. For me, I see a lot of false advertising, inability to come thru with what they promise, a lot of back peddling to cover up thier false advertising, and very little ambition from the developers to actually fix problems and make their product more user friendly and easier adaptable.

At the end of the day it all comes down to the developers, and for the past 2 years they have done nothing but sit back and watch the time go by. They seem to worry more about the programmers and coders and forget they need regular people to be using their product as it is them who make transactions internationally every day not the programmer who can decipher RPC commands and understands C++

This is the worst possible solution you guys have "include more fees for faster transaction"

So let me get this straight, Bitcoin says 10 minute confirms yet delivers 30 minute to 2 hours (or maybe more I guess from reading some of these posts). So now it can't come thru with the first advertised benefit, so the first thing the bitcoin gurus come up with to compensate for the broken system is "include more fees for faster transaction" So now lets take the second advertised benefit and destroy that to, So basically what i can read here if I were a new user is Bitcoin promotes itself as a fast transaction with low fees, yet it does not provide actual fast transactions unless you pay a high fee, so at the end of the day what ambition do new users have to adapt to Bitcoin if they are in the same boat as sending cash with Western union?

So now for a new user looking  to get into bitcoin the only thing they have going for them is anonymity which actually if you are not careful is not as anonymous as they preach. So I have to ask you guys out there who love Bitcoin so darn much, if the developers cant deliver on their fast transactions, and if you want fast transactions you have to pay more in fees, and it can be tracked easier than lead on to be, what real benefit do new users have to adapt and use it.

Sure www.stakeminers.com/transactions2.php then just follow those transaction on pages 2 thru 4 and you can see some of the transaction times. now on page one I lowered the fee and those ones are not the transactions I am complaining about I am complaining about the high priority transactions that take 30 minutes to 2 hours for 1 confirm.

If Presstab is involved StakeMiners will definitely be looking to add this coin now. Lets wait and see.

Presstab is a POS GOD. everything he touches turns into Bitcoins.

EDIT: Greatly anticipating the coin control that comes with Presstabs work. God I love his coin control features. I wish all POS coins had it.

Yes I am sure they know about the transaction times, and I understand the recent attack attempt (its what I am calling it) but these transaction times are not new in any way, this is a problem users have been facing for at least a year if not longer in some cases. This is a problem that the developers need to address as their competition can make transactions in 15 minutes and this includes exchanging them from one currency to another. Just to send bitcoin from one person to another takes well over 15 minutes in most cases. Getting it from Bitcoin to local cash can take 5 to 8 hours in a lot of cases.

As developers, they have to ask the question, what incentive does a new user have to use Bitcoin, if he can send his cash from USA to his friend in Australia, and his friend can ahev ti exchanged and put in his hand in 15 minutes. If he uses bitcoin his friend still has to find a way to exchange that BTC to AUD and have it put in his bank account or picked up at western union.

I wonder if mining pools like F2Pool would split their hash evenly over 3 different pool servers and mine to 3 different wallets instead of all that hash mining to the same wallet if this would help to speed up transaction times. Not saying they would even be willing to do it because they have well proven securing Bitcoins Network is not something they are interested in any way at all, but just a thought. It would give like a fishnet of miners under one big area, thus also giving them 3 different sources to hit different blocks instead of all that hash working on the same block.

Just curious

Yea it is beginning to really get on my nerves, I have clients who needed a BTC withdraw form our site the other night for a time sensative trade, and it took almost an hour just for 1 confirm I was so angry. It makes me look bad HAHA. I sent ti out as soon as I saw the request but wow it took forever to confirm.


The most recent one had 3 outputs, but my other wallet has only 1 to 2 usually still with the same times.

Yes I use a variety of different coins on a weekly basis actually, I run a stake mining pool and deal with 11 to 15 different coins thru-out the week including LTC Bitcoin DOGE which are used for payment and deposits, and the 10 wallets we are running as well. Bitcoin has by far the absolute slowest transaction times compared to all the others I use.

Brother I send payments all day long anywhere from .5 BTC up to 3 BTC at a time, always use 10,000 satoshi for transaction fees. I have not had a 10 to 15 minute transaction in over a year, 20 minutes is the fastest I have seen in a year. average of 35 minutes longest 2 hours and 25 minutes.

So when are the developers of Bitcoin going to fix the horrid transaction times of Bitcoin, waiting 35 minutes to 2 hours for a transaction to confirm one time is getting a bit ridiculous.

And for you Bitcoin lovers Dont waste our time quoting any crap from bloickchain.info, I dont want to hear it, because you know what, those stats and charts on blockchain.info are not accurate and it doesnt matter what those things say when the end user is experiencing actual times of 30 minutes to 2 hours.

I mean you guys want acceptance, you want adaptation yet your biggest competitor in what Bitcoin  is supposed to be used for can transact cash in 15 minutes. it takes me 5 to 8 hours to get cash for my bitcoins, its time to step up the game a bit.

EDIT: oh and yes before the bitcoin lovers even go there, I pay a 10,000 Satoshi transaction fee for High Priority on all of my personal transactions I send. So lets not try the pay a bigger fee for faster transaction times.

So the question remains what are the Bitcoin developers doing to fix this problem with transaction times we have been facing for the past year or more, that seems to keep getting worse as they ignore it and keep posting biased charts from unreliable sources.

again NO COINS move just because the BTC USD market moves. the only reason any coins market moves is becasue something in that specific pair has been bought or sold. the only way to move the BTC DMD market is to either buy DMD with BTC or sell DMD for BTC. What on earth ever made you think buying or selling on the BTC/USD market would have an effect on any other pair than BTC/USD I just cant understand. There are no indexes in crypto exchanges yet. So altho i said BTC was the gold of crypto it was only meant as the basis of crypto not the way gold serves the foreign exchange.


ahh grasshopper the POS force is weak with you, more research on POS coins you need.


You need to be just as careful when buying bitcoin, I know a lot of people who complained in this very forum because they lost all their money buying bitcoin, the difference is at least with POS coins you have a way to earn some of your losses back. You cant do that with bitcoin, you wont earn BTC by holding it in your BTC wallet now will you. So when the price falls at least you are earning a few coins here and there to make up the difference.


And here is why we have 2 hour transaction times in bitcoin, the developers, much like the bitcoin enthusiasts, feel as long as its worth more than their level of expectancy, theres no real problem to fix. To be quite honest absolutely any coin can go to zero overnight, ANY COIN including Bitcoin, if the right people with the power to make it so wants it that way it will be that way.we can already see huge manipulations in the bitcoin market . With enough coins anyone can make any crypto coin market go to 0 overnight, its that simple.

Clams are in a bracket of POS all thier own. To understand POS, using Clams as an example is the worst coin to use,. The mechanics of Clams is not like most POS coins, so the information you have is not based on the basic mechanics of POS it is based on clams and this is why you are so confused as to how POS functions in a larger aspect of things. The fact you believe holding more coins will not gain you higher rewards faster tells me you have a lot to learn about the real mechanics of POS coins.

Here is an example you buy 100 DMD put it in a wallet and just leave it connected, Ill buy 10,000 DMD and do the same who do you think will earn more coins staking after a 2 month period?

You do not manipulate a block, I really hate that terminology, no one is "manipulating" anything its called structuring. We are structuring blocks we dont manipulate them, its not like once you make a block you can change that value without effecting the age or maturity of the coin, to Manipulate a block there must be some unfair or unscrupulous action going on, what we do is structure the blocks in sizes that allow us to gain maximum rewards in the fastest amount of time. which is what all real stakers are attempting to do.



As I stated before the value of one coin is not based on the value of another coins market, it is based on the buys and sells of that particular coins market. if there is no movement on a market of a coin that is because no one is buying or selling it. If you see bitcoin value increase dramatically and an altcoin value does not rise in a day or two, this means investors in that altcoin market are not investing their BTC profits to buy into that market (this should tell you where that coins stands in the overall scheme of things) As you pointed out, there is a lot a trader can see from watching the markets. BTC is your basis, it is the gold of the crypto exchange, it tells you a lot about other coins and their value than just a bunch of numbers after a decimal place.



Bitcoin may never become "obsolete" but the flaws it is facing will hold it back and possibly move it out of popularity, once that happens the bitcoin developers will finally fix the real problems of bitcoin, and this new "No Fork" policy they have tried to implement will be abolished all together. Because in order to fix Bitcoin right now it is going to take a hard fork update.



hmm I have only one comment to this. https://bitcoin.org/en/alert/2015-07-04-spv-mining that about sums up that assessment of POS being broken in comparison to Bitcoin. And FYI in POS you will soon find out when something is broken the developers actually work together to fix it, I have been in a hangouts with 5 or more developers from 5 different coins working on a situation they found in the code and working together to fix the problem.



It is not happening because more and more people are realizing the true benefits of using POS coins. From the benefits of profits on sold products to the efficiency of mining them awareness is spreading like wildfire. As you saw in my post above its much easier to use an altcoin than it is Bitcoin. Transaction times are faster, the benefits are much bigger and mining them is more efficient.

As most newbies in POS you have a misguided understanding of POS coins in a large aspect of longevity. POS coins have inflation controls built in. If you find one that does not have some kind of inflation control built in than its not a coin to be using. FOR POS you do not need a huge Premine at all, its good to stat one as a POW/POS hybrid to jump start the chain, then offer a big reward phase in the first year of the launch then you will notice all good POS coins have some kind of diminishing reward system in place. Each one is a little bit different based on what the overall goals are for each coin.

Actually in order to actually "Stake" every wallet must be connected to the network, once you have staked you can then turn the wallet off and wait again until the coins have matured so you can Stake again. The benefits of joining a pool are not so much the fact we are connected to the networks but the fact you have the ability to gain more in returns, where your wallet may stake once a week, by adding your coins with ours you have the ability to possibly stake 10 times a day allowing you to earn much more in the long term of things.

You will not necessarily "lose" any stake actually, you have to know the coins you are staking, coins have a max age/weight. Watching this will really tell you the best time to be opening your wallet Other wallets have a reward based on something totally different its really a matter of the coin and its staking mechanics (passive, competitive, compounding, flat rate) not so much the time elapsed between when you open and close your wallet.


Actually history has proven Altcoin prices are heavily impacted by the value of BTC. The value of bitcoin itself is not what impacts the altcoin markets its the sell offs of the alts to recoupe the losses people see in the value of BTC. As BTC drops people sell (lets say DMD) they will sell a portion of their DMD portfolio to recoupe the losses they took from BTC value decrease. Because of this the DMD/BTC value goes down. As BTC rises up the opposite would happen now people have a little extra value in BTC at which point they can take their profits and buy some DMD to earn a little interest on the profit they have earned and wait for the drop again. Values of coins have absolutely no impact on the crypto markets its the buys and sells that impact the markets and their values.


POS coins will be the future, POW coins have a lot of flaws ahead of them in terms of userfriendlines, transaction times, difficulty rises, and mining efficiency, all of which will drastically impact the value of that coin. Look at right now for example, I can buy a new computer from crazyivan for 1 BTC it could take up to 2 hours for him to get the BTC with their transaction times (and dont quote any stats from blockchain.info i'll use real time experience not a biased chart that has misleading information) (EDIT: example I just sent 2 transactions 25 minutes ago, I sent one in bitcoin first "HIGH PRIORITY", to an investor requesting a fast withdraw, and one in Netcoin to our wallet, the funds from the Netcoin transaction have confirmed and are there, the BTC transaction has not had even 1 confirm in 25 minutes and its high priority) So from real user experience, it takes 30 minutes to 2 hours for an actual bitcoin transaction to go thru and be confirmed. Or I can send him 652 DMD for the computer and the transaction will be completed in less than 10 minutes. This is where adaptation comes in, who wants a coin that's going to take up to 2 hours to confirm when I can use one that takes less than 10 minutes.

How is using POS coins more beneficial to the seller than using POW coins? Well in our example, now crazyivan has 652 DMD he can break down into 3 blocks and put them in his wallet and he can actually earn a bit of extra profit on the coins he just accepted, if he puts his bitcoin in his wallet 3 weeks later he will still have 1 BTC. POS coins are a great utility for businesses actually as they can set their wallets up to stake and earn profits on the coins they accept after the sale of their products. This is something POW coins can not do.

So in conclusion if you accept a non POS coin and the value drops before you sell them off you take a chance of loosing some of your profit on the product you just sold, where as if you accept a POS coin and stake on those coins before you sell them off, if the value drops a little bit you may have earned enough in the staking to recoupe that dip in price and put you even farther up in profits even tho the price fell.

Ahh yes but the problem is they were not hacked, just need to make it look that way, they are siting in thier beach house right now having conversations like this one https://www.youtube.com/watch?v=zjtLszt7MTo

HAHA OMG that video is to ang funny I was laughing so hard, its not funny that people get scammed but the honesty in the video is the best I have seen in a while.

I call bullshit on all 3 accounts in bold above

Number 1 my payout address is still the same thus still pulling the information from the database.

Number 2 if you backed up your system you wont need to create one from scratch you can just get new servers and like windows do a restor point to right before the hackers gained access then audit the remaining accounts and bring back up to speed. Oh dont worry once you restore the site those missing funds and hashrates will gladly notify you by support ticket.

Number 3 so let me get this straight hackers got into your server, you deleted everything becasue a blank page is "should" appear with a warning message, but as I just went there all the information is current and correct and my account is still mining. So the "hackers" were nice enough to hack your servers create an exact replica backup without adding their payout address in mines place right. FYI call them and ask them for the backup they are using because it seems quite accurate.

I am so sorry to those of you who have lost double and triple digits in BTC here especially since the price is going up. Heck Im sory for anyone who lost even 100,000 satoshi here. Maybe we will see a new side of cloud mining and cloudminr.io will be the first ones to come out of an authentic hack situation and get back up and running. unfortunately judging by the post of thiers I quoted backed by the common sense I put together I fear this may not happen.

To cloudminr, if you did get hacked and you really are as ignorant as your post above espouses, good luck putting it back together, if you were not hacked and you just scammed again, thanks a lot for not being a leader in the industry.

https://bitcoin.org/en/alert/2015-07-04-spv-mining

oops someone beat me to it,

however to sum it up in a sarcastic way we got the info by completely reading the whole OP including his edits and reading the links he provided.

Thought we should update some info about Cryptsy. I have been here for a while and have a nice 14 day trading volume there so dont think I am some 14 day 0.035 BTC volume trader there.

Their bottlecaps wallet, they are doing something weird with this wallet, you process a transaction to send 10,000 CAPS to your wallet and you get only 5,000, thus having to send another transaction. But if you process a transaction for the remaining 5000 CAPS you will only get 1200 to 2500. So once all the coins finally get to your wallet you have to recombine the block costing you more in transaction fees. Why is this crappy, well you now have paid 5 transaction fees for the 1 withdraw you originally processed. How has cryptsy accepted responsibility for this?


EDIT: I just researched the most recent transaction that was split in half,

Inputs and Outputs   
Total Input (7)   0.000000 CAP
Total Output (2)   5,113.957771 CAP

You will notice the date on that response? well guess what it is happening again today and yesterday and it happened 2 days ago as well. It seems they keep making the same mistake over and over again, and it is costing their customers in fees. Just so you know 3 transaction fees are not so expensive, but myself had a day when i was trying to move a substantial amount of Bottlecaps and it cost me over 52 transaction fees to get the job done.

I have to wonder if they are actually staking on their bottlecaps wallets because the excuse they have given (blaming the blockchain is a common occurrence for Cryptsy) their excuse just does not make sense to me.

Next situation, we have had times where their hot wallets are not monitored good enough and it takes 12 to 24 hours to process a withdraw. We missed 3 stakes on 1.6BTC worth of Netcoins because their hotwallets were empty. How did cryptsy accept responsibility, they claimed their hot wallet was not full and their cold wallet was not synced in because it is offline and not updated until it is needed to be opened and the coins can be sent to the hot wallets. Awesome I accepted that excuse however just 5 days later the same exact thing happened again costing us another 3 stakes on a withdraw, and it took longer to get my coins. Now explain how just 5 days ago they synced the cold wallet and this time it took longer to get the coins from the cold wallets to the hot wallets.

Another case of the same mistake happening over and over.

I have a Starcoin deposit that has hit their wallets the ticket is over 4 months old and also they already have the coins but they will not give my account the credit for it. its on the blockchain, its in their wallet I gave them the proof and nothing is happening on their end.

The bottom line about cryptsy, is over time they are going to cost you money on top of the trading fees you pay them. You are just another support ticket to them and it does not matter what your problem is the blockchain is always to blame. They do not accept responsibility for thier human errors. There certainly seems to be some fishy things happening on the backend in these wallets, and being straight forward with you and just telling the truth is not something they are willing to do.

For low volume altcoin traders trade with caution, imagine if all you had in your portfolio was Starcoins look where my deposit is, been stuck for 4 months. If this would be a new user whose complete BTC was invested in those starcoins he would be out of commission for 4 months now waiting for cryptsy to credit his account so he can get paid. So be careful if you are a small time altcoin trader, you can get stuck with no way to get your coins if its on the wrong market at the wrong time. And they will just ignore your tickets.

The biggest problem with cryptsy they do not accept responsibility for their human error mistakes or neglect and because of this they have no ambition to make sure the mistakes do not keep happening over and over, so what we have is the same problems happening over and over and over, and the total lack of accepting responsibility for thier actions.

Same problem again today with cryptsy. bottlecaps wallet sending 1/4 of what i request.

You wont get help I have a support ticket that is 14 days old about thier SMS 2FA lagging and sending the codes literally HOURS after I have asked for them, it kept me from logging in, kept me from making withdraws and it was their lagged system or their authy apps lagged system causing the problems. I tested my number with the other services I used before i even submitted a ticket to make sure it was not on my end. The original ticket was submitted 14 days ago and the last response form cryptsy was 8 days ago. They have a problem in their authentication service and refuse to accept its their problem.

Lets do a little info about Cryptsy. I have been here for a while and have a nice 14 day trading volume there so dont think I am some 14 day 0.035 BTC volume trader there.

Their bottlecaps wallet, they are doing something weird with this wallet, you process a transaction to send 10,000 CAPS to your wallet and you get only 5,000, thus having to send another transaction. But if you process a transaction for the remaining 5000 CAPS you will only get 1200 to 2500. So once all the coins finally get to your wallet you have to recombine the block costing you more in transaction fees. Why is this crappy, well you now have paid 5 transaction fees for the 1 withdraw you originally processed. How has cryptsy accepted responsibility for this?


EDIT: I just researched the most recent transaction that was split in half,

Inputs and Outputs   
Total Input (7)   0.000000 CAP
Total Output (2)   5,113.957771 CAP

You will notice the date on that response? well guess what it is happening again today and it happened 2 days ago as well. It seems they keep making the same mistake over and over again, and it is costing their customers in fees. Just so youknow 3 transaction fees are not so expensive, but myself had a day when i was trying to move a substantial amount of Bottlecaps and it cost me over 52 transaction fees to get the job done.

I have to wonder if they are actually staking on their bottlecaps wallets because the excuse they have given (blaming the blockchain is a common occurrence for Cryptsy) their excuse just does not make sense to me.

Next situation, we have had times where their hot wallets are not monitored good enough and it takes 12 to 24 hours to process a withdraw. We missed 3 stakes on 1.6BTC worth of Netcoins because their hotwallets were empty. How did cryptsy accept responsibility, they claimed their hot wallet was not full and their cold wallet was not synced in because it is offline and not updated until it is needed to be opened and the coins can be sent to the hot wallets. Awesome I accepted that excuse however just 5 days later the same exact thing happened again costing us another 3 stakes on a withdraw, and it took longer to get my coins. Now explain how just 5 days ago they synced the cold wallet and this time it took longer to get the coins from the cold wallets to the hot wallets.

Another case of the same mistake happening over and over.

I have a Starcoin deposit that has hit their wallets the ticket is over 4 months old and also they already have the coins but they will not give my account the credit for it. its on the blockchain, its in their wallet I gave them the proof and nothing is happening on their end.

The bottom line about cryptsy, is over time they are going to cost you money on top of the trading fees you pay them. You are just another support ticket to them and it does not matter what your problem is the blockchain is always to blame. They do not accept responsibility for thier human errors. There certainly seems to be some fishy things happening on the backend in these wallets, and being straight forward with you and just telling the truth is not something they are willing to do.

For low volume altcoin traders trade with caution, imagine if all you had in your portfolio was Starcoins look where my deposit is, been stuck for 4 months. If this would be a new user whose complete BTC was invested in those starcoins he would be out of commission for 4 months now waiting for cryptsy to credit his account so he can get paid. So be careful if you are a small time altcoin trader, you can get stuck with no way to get your coins if its on the wrong market at the wrong time. And they will just ignore your tickets.

The biggest problem with cryptsy they do not accept responsibility for their human error mistakes or neglect and because of this they have no ambition to make sure the mistakes do not keep happening over and over, so what we have is the same problems happening over and over and over, and the total lack of accepting responsibility for thier actions.

No wonder you no longer work with s0br, you clearly do not understand business. Your post just "reeks" of uneducated/unresearched nonsense. I can go on and answer all your accusational slanderous attempts and questions, which  by the way have explanations and reasons, like why Bitbean is one of the coins we use, why it is not represented on the site, how little you know and understand POS coins, why we have ads on the website, when and why my cloudminr account was started and why its still there. (FYI I also have an eobot account, am a member of handful of mining pools, I have a website full of faucet referral links, I have a couple facebook groups and the list of crypto things I am involved in goes on). About my novel sized posts, One thing is for sure no one can complain they dont get enough information from me huh. But either way, I am not your teacher here to educate you on the proper ways to evaluate something before calling it a scam, nor the correct way to assess your competitors.

For the last time, stop being childish and STAY ON TOPIC, this is not a cyberpinoy thread nor a stakeminers thread its a Scrypt.cc thread, lets talk about them for a while now.