Now that I think about it did anybody catch that weird spooky article online about scrypt.cc with title "Will Scrypt.CC Be The Next Hyip to Fail" exactly two weeks before the "hack"? Pretty strange if you ask me. Its as if they knew something was coming. I'll be happy to post the link if requested.
https://bitcoinnewsmagazine.com/will-scrypt-cc-be-the-next-cloud-mining-hyip-to-fail/FWIW a lot of people got nervous around that time, and it coincides with LTC price increasing quite a bit and ScryptCC rewards dropping. A lot of people noticed that trend and decided to pull out. It was actually what tipped me off to something not being quite right. Not to mention that article uses the same piece of evidence Cryptodevil has explained time and time again, the simple analysis of the LTC Network Hashrate va. Marcelo's claims. To your point, the author may have known something, but probably not anything sinister. Just people watching coin prices, expecting payouts to coincide with increases, and realizing they didn't. A similar event happened with the "Nice Hashlets" at GAWMiners - NiceHash prices spiked one night, Hashlet payouts couldn;t keep up, they discontinued the NiceHashlet, and ultimately revealed that Hashlets didn't mine and were an investment vehicle based on mining payouts. Just like ScryptCC payouts not matching LTC mining rewards, because there's no mining taking place... Oddly enough with both of these mining scams, it was simple analysis of the facts that got people skeptical and not anyone's inside information. No inside information just common sense. scrypt.cc was an obvious ponzi to me the hard part was convincing others. Hope I helped a few people save some bitcoin. |
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I think Mike Hearn needs to take some heat for this flash crash. Markets hate uncertain times and Bitcoin XT primed the pump for the flash crash at Bitfinex yesterday which was due to margin calls then follow the leader dumping by scared spectators. As long as the possibility of a hard fork is in the news expect volatility.
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How was Mike Hearn able to publish Bitcoin XT with an adoption threshold by miners of only 75%? Something as important as a Bitcoin hard fork should require a 90% yes vote by miners. Billions of dollars of OPM are at stake here. This is a dangerous game he is playing.
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I pray for quick adoption of BIP 101 by the core developers. Mike Hearn as lead developer? Ouch.
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What if some countries just simply ban bitcoin? To the point that its against the law to own it and use it.
It would be like banning torrents or file sharing. There is not point to ban bitcoin, heck you CANT ban it it's decentralized . Right, decentralization is bitcoin's strength now. It is possible to change the code so that certain coins are redlisted or blacklisted and can't be safely spent. Mike Hearn has made rumblings about such things and is one reason to oppose Bitcoin XT. If he succeeds in his bid for a hardfork there is no telling how bitcoin could change for the worse. Mike Hearn as lead developer scares me. |
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today i got very confused and irritaded with some questions...like what will be better or we should say which is more risky..i check today some of the cloudmining sites and bought some hashes in each actually in three site ..cex.io , scrypt.cc and bit-x.. but i am not confused because when i checked the mining calculaters then the true faces are shown to me.. at First the shock i got is from the bit-x site.. when i opened the calculator..so it was showing 100ghash as default..i changed it with 35ghash and so i hit the calculate buttion but then i found that i will earn..about 13000-15000satoshi every day but then i thought about the mantainence fees and got that it was higher than my daily earning....so that clearly means it only accept the higher investments after that i thought that maybe if i can avoid the mantainence fee then maybe i can make profit.. so then i visited scrypt.cc (its a less scured and less trustul with deposits as because it is usually getting hacked..) i deposited 0.052btc and bought some khash...i got about 13020khash .so i went to calculator..and typed and increased the khash amount until i reached 1btc then i saw that its paying 0.007btc if i buy 1btc worth of khash...that means 0.7% everyday and so on i tryed the other site too... now after all lot of things like this i am thinking why we invest in cloudmining when we can trade and can make more than 1% daily and that is much safer from these things at least we will have control on owr coins Of the three sites you listed only Bit-X has an exchange you can sell your hash on. cex.io is not selling hosted mining at present, and they were not a good deal when they did. scrypt.cc is a scam, a ponzi scheme you should stay away from. If you are serious about trading or holding hosted bitcoin mining you will eventually wind up at Hashnest. Hashnest has different mining contracts you can choose from with different risk/reward. Prices and maintenance fees are better than Bit-X. Antminer S5 is the safest hash to buy and price is depressed right now, so if you believe bitcoin price will increase in next few months you can earn daily income from mining and as a bonus, sell your S5 hash for a profit when price increases. Trading is also fun and can be very profitable at Hashnest. But since price of all contracts is in a down trend, and you can not sell short at Hashnest day trading is not profitable at present. Once bitcoin price leaves the trading range and starts uptrend again making 15% per month trading at Hashnest is not hard at all. |
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All Hashnest contracts are in price downtrend now. I am standing aside and not trading until MA5 crosses MA15 on the UMISOO daily chart.
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Thanks for this important link. That is ample reason not to support Bitcoin XT right there. Do you have any other links that prove Mike Hearn wants to take Bitcoin XT in a different direction than Satoshi Nakomoto intended? |
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Running Core means that you will be left behind if a 75% majority is reached. Lol, define "behind". What will happen to the exchange rate of Bitcoin XT if it becomes a surveillance based, non-fungible nightmare? Say hello to your new benevolent dictator, XT fans... why should that happen? it's just Bitcoin Core but with ability to have larger blocks, a bug fix, and two minor things that are useful for app developers. The reason is because Mike Hearn will become the new lead developer. He has expressed his desire to censor transactions before, and he didn't change his mind about that belief. He simply accepted that the majority disagreed with him. Now, Mike is proposing XT that has the appearance of looking after user's interests. But it needs that same majority (the majority he couldn't get before) to agree and roll out his version of the client. It's basically a way for Mike to stage a coup d'etats on the leadership of Bitcoin. You will get bigger blocks and higher tx rates. You will also get any other changes that he decides on in future. I don't trust him to give him that level of control over my money. @Carlton Banks, at bitcoin.org the core developers are listed as Wladimir J. van der Laan, Gavin Andresen, Jeff Garzik, Gregory Maxwell and Pieter Wuille. Was Mike Hearn ever an official core developer for Bitcoin Core? Was he dismissed and now has a grudge, or is Bitcoin XT just an attempt by Hearn to gain power and influence? Thanks. |
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From what i understood:
- Until it's at 75% of the network, it's virtually the same
- Even after 75% coverage, it's still the same until a block >1mb in size comes.
So what happens then, when the forks start ignoring one another ?! How will services agree on what chain is the real one?
Even tho it seams that you're safest on the XT fork (<75% it's same, >75%..well 2/3 network is then on that fork) , i still doubt that there really will be 2/3 supporters.
Chinese miners have already declared their support to 8mb. So, they probably already have declared support from 2/3 of the network. Though, I heard, Core might increase the block size a little bit as well, probably 2mb. In that case, I dunno, whether XT will be able to gain 75% or not. Chinese pools have not declared support for XT. They understand the need to increase block size but want consensus among Bitcoin Core developers. They are opposed to Bitcoin XT which they call an "altcoin" see the article at CoinTelegraph. |
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The best way to make bit coin transactions untraceable and completely anonymous is to use bit mixer a few times after it you transactions will surely be untraceable as no one will know real bitcoin addressess
There have been studies done with mixers that show even after using multiple of them, there are still tracks that can be followed. While they definitely help obfuscate things, they aren't the ultimate solution. References please. Anyone using a mixing service can use the blockchain.info taint analysis tool to determine if there is any correlation between coins submitted to the service and coins received. A proper mixing service will return bitcoins with zero percent taint. No taint means that the coins you received back from the mixer cannot be correlated to the coins you sent. Everyone knows that mixing services are popular with darknet drug vendors so the coins you get back from the mixer might be traced back to one of the darknet markets. That would be a separate concern. Will this work for you? There's been evaluations outside of MIT, as well, showing similar situations. Thanks for the link, much appreciated. |
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The best way to make bit coin transactions untraceable and completely anonymous is to use bit mixer a few times after it you transactions will surely be untraceable as no one will know real bitcoin addressess
There have been studies done with mixers that show even after using multiple of them, there are still tracks that can be followed. While they definitely help obfuscate things, they aren't the ultimate solution. References please. Anyone using a mixing service can use the blockchain.info taint analysis tool to determine if there is any correlation between coins submitted to the service and coins received. A proper mixing service will return bitcoins with zero percent taint. No taint means that the coins you received back from the mixer cannot be correlated to the coins you sent. Everyone knows that mixing services are popular with darknet drug vendors so the coins you get back from the mixer might be traced back to one of the darknet markets. That would be a separate concern. |
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How do Hearn and Andresen profit from promoting Bitcoin XT? The fact that a full release of Bitcoin XT is now available does not mean Chinese miners will adopt; the large mining pool owners have already publicly stated they are against Bitcoin XT.
A reasonable way to increase block size has already been presented in BIP 100 by Jeff Garzik and open to vote. Anyone scared of hard forks should realize that any increase in the current block size will first require a hard fork to remove the static 1 MB block size limit.
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Kind of. He still had to get the "a good site" bit in though, as if at one point it was a legit mining operation... What if, just maybe, it was a scam all along? Between advertising GAWMiners, Paycoin and scrypt.cc ViK has pretty much lost all credibility. ViK even admits on the badbitcoin.org home page that "Some adverts will even appear in our Badlist." If you are that desperate for funds just shut the site down already. |
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username on Bitcoin Wiki is BitcoinNewsMagazine request edit privileges
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Zone Alarm
Yes, if you are on Windows ZoneAlarm Free Antivirus + Firewall is very good. Then regular scans with free MalwareBytes Anti-Malware will clean up any trojan or virus that might get past ZA. No need to pay a premium for good protection. Comodo is also great protection but a bit of a pain to configure. ZoneAlarm is all most need. |
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The reason could be that the block size controversy now seems to be resolved.
Nah, I don't think it has been resolved... but how the price could be influenced by this thing (I can't understand at all...). That prolonged low quality debate has instilled doubt in the toe-dippers and bystanders. It was never catastrophic, but they wouldn't know. Now it seems to be resolved, the latest news being miners voting with their proverbial feet, the comments in the coinbase transactions. So I think it is resolved, by new year we have larger max blocks, and first quarter of next year we will have a large block, and minimal orphaning. Source please. I follow the bitcoin-dev mailing list and no news of a resolution has been mentioned. |
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Elwar thanks for posting your experience and so sorry for your loss ... hope it is temporary and you are able to recover.
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i've had been waiting for years for a good hard wallet solution. i waited a while to get a trezor just to see how others fared first. when they had their recent july 4th sale, i got one. it is a great little device and i feel good storing some keys on it. it is easy to use. the setup is laborious, but it is important and i appreciate the thoroughness. if this trial run goes as expected i'll likely get a few more for extra safety and for gifts for others with similar needs.
im looking forward to using it with mycelium too. anyone have any experience with that?
Trezor works very well with Mycelium. Actually the only safe way to use bitcoin from your phone. Also price is being reduced Monday August 10. |
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