Yes, this in an option. But every transfer through a hot wallet what you not control is a risk for your coins. If you are interested in a high level of anonymity for your existing coins, you may transfer them through several hot wallets of high volume. It could be exchanges, gambling sites, public mixers, etc. and using a chain of proxies to get a less traceable Internet connection.
You could try blockchain.info's "Shared Coin" (open source, based on CoinJoin) if you don't want to trust a third party. It won't remove the link between your inputs and outputs completely. Instead, it groups multiple persons' inputs and outputs together and makes it very hard to trace the individual transaction. Kristov Atlas has already warned about using Shared Coin. See this thread at reddit for your best options. |
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Is there some way to earn Bitcoins quickly?
Mining seems to be too far ahead of me, and faucets give out very little.
Any suggestions?
Thanks
The best way to earn bitcoin fairly quickly is to sell something for bitcoin. What are you interested in? If you have a hobby think about a product that you could buy wholesale and resell. Set up a WooCommerce website to sell your product(s) for bitcoin and use the CoinSimple plugin to accept bitcoin payments straight to your wallet. |
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Is there any high trusted cloudmining service that not will end up in a scam?
I agree that Bit-X and Hashnest are your best choices. My experience is that prices at Hashnest are better. You should think twice before buying hosted mining from any provider that does not have their own market so you can exit any time you like. Services like Genesis Mining are legitimate but there is no way for you to sell your hash. Not to mention prices are higher than Hashnest. If you only have $50 in bitcoin to invest into cloud mining you can open an account at Hashnest, deposit your bitcoin and buy UMISOO hashing power today on the Hashnest internal market. Right now you can buy 122 GH/s UMISOO hashing power for 0.0404 btc or about 11 USD.  |
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From reading posts these cards sound rather risky when loading with bitcoin with arbitrary locks that are difficult to remove. Why use them when there are other proven options for bitcoin debit cards?
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If you want to avoid third party payment processors like BitPay there is a new option for WordPress sites using WooCommerce. CoinSimple lets you accept bitcoin payments in your WooCommerce shop. Just install the plugin and integrate it with your Electrum, Armory or Trezor wallet. |
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Hi, I'm relatively new to cryptocurrencies and i want to start investing. I'm just wondering how to decide what currencies to invest in. There are so many its hard to decide. I currently own some: Dash coins, litecoins, shadow cash, ripple, and of course bitcoins. Is there any good methods of choosing currencies other than just identifying trends in charts or reading about them? Any other beginner advice?
I would stick to bitcoin and litecoin. If you must invest in altcoins take a look at the Altcoin List at Bitcoin Wisdom. Only altcoins with good market cap make it to the list. Then look at individual charts for the coins listed to see what interests you. Look for coins with price above the 200 day moving average on a daily chart. Most altcoins are pump and dumps if you have the time and inclination you can identify the most promising new one at Bittrex and get in on the pump then dump it before the crowd beats you to it. |
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Which websites are good places to invest your bitcoins into? I got 0.1 BTC ready to invest, so please tell me good suggestion. NO PONZI, NO SCAM sites please, i want legit and good return investment sites  Edit: Give website links please, most of you just give vague examples, i want concrete websites listed here that I can choose from!Here are a couple of ways to get started: 1) Loan your bitcoin to margin traders and earn about 25% per year. Risk: low 2) Buy the most profitable contract at Hashnest and hold until the uptrend changes. When you sell the contract you get the profit plus mining income you have been accumulating. Risk: low |
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Watch the 200 day simple moving average on a daily chart. You bet traders do. Expect a bounce off the SMA as buy orders are hit if 270 support level is taken out. There is strong support at 270 though.  |
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Circle is less expensive than Coinbase. If you buy bitcoin using a linked bank account there is no fee to buy bitcoin.
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The fastest way to grow your bitcoin is to offer a product for sale with a good profit margin and take bitcoin for payment. It is pretty simple to set up an ecommerce website these days. You could also put up a website that provides information and use space for advertisers. Only advertise what you use yourself for credibility.
It is not hard to earn 15% monthly day trading at Hashnest. I have been doing it for the past year. If day trading is not your style you can still get a good return buying the highest yielding mining contract at Hashnest, holding for a month or so, then selling your hash for a profit. You also have the mining income for the time your position was open.
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You misspelled "professional" in the subject line. When I needed a logo designed by a professional at a good price I set up a contest at 99Designs. Within 48 hours I had over a dozen logos submitted by working designers and picked the best one for my magazine site. Visit Bitcoin News Magazine to see what I wound up with. Expect to pay about $300 for that quality of work. You can pay more for the best designers but I felt I got good value for money spent at the $300 price. |
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Hi im thinking about putin 1.5 btc in genesis or hashnest. can u guys say pros/cons or for example how much profit u get for 1 TH in both place? because i can calculate hashnest income but cant the genesis
Ty for all your posts
Both Genesis Mining and Hashnest are legitimate. The problem with Genesis mining is twofold: 1) the hash they sell is over priced and 2) you can not sell when you wish. If you buy at Hashnest you get the best price and you can sell your hash on their market any time you want. I have a guide on how to profit with Bitmain Hashnest for more details, hope this helps. |
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If you have spare bitcoin you would like to put to work in a low risk investment you can loan the bitcoin to margin traders at an exchange. I am currently getting a 25% annual return and explain how to do it here with an easy to follow illustrated guide. |
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Because I really don't understand PACMiC ... they pay for 120 days how much (currently)?
Best explanation of PACMiC v2 I have come across is at this Bitmain Talk thread. Expect to earn about $11 on a $290 investment: Ok we've had this discussion before. I know because I'm the one who raised hell until I got the correct answer and here it is.
1 PACMICs is 1 THS of an S5. You own this 1 THS for as long as it takes to earn back the 1 BTC you invested and absolutely no longer.
There is no maintenance, so you earn the full 0.00961979 BTC for each day you have it.
This works out to about 103 days that you get to keep it.
After that 1 BTC is returned you are done, you get no more from the contract and it shuts off.
Now of course there are difficulty changes that will change your payout, when I bought mine it was 0.01 BTC daily.
Since no one would loan anyone 1 BTC only to be paid back 1 BTC over 100 days later, they give you an "interest" payment that they call a "profit".
You are paid a PROFIT of 0.45 satoshis per second for the entire duration of your contract.
This is interest and it works out to 0.0003888 BTC daily.
This amount is fixed, it is not tied to pool luck and it is not tied to difficulty level increases, although if the difficulty level does increase or the pool luck takes a crap, the number of days your contract would run increases,
so you get the same daily interest payment, but you get more days.
If the difficulty level stays the same and 103 days is the total run of the contract, then you are looking at a total PROFIT of 0.04 BTC.
If you assume that the $290 level holds, difficulty stays flat and pool luck is average,
that means an investment of $290 today becomes $301.61 at the end.
A PACMICs is a bet that
the pool rate will have bad luck and/or
that the difficulty level will continue to increase
or that bitcoins of the future will be worth substantially more than they are now
All of these events make your PACMICs position much more attractive.
Now here is where it can get confusing and this is where I ended up raising hell since I sold it to my business partners based on what they were saying at the time which was different than how it actually works...
Autorebuy!
You would think that with auto-rebuy turned on, that your principal would increase by 0.00961979 BTC daily.
This causes some awesome compounding effects and makes the math so very much more attractive.
In fact if this were the case you could easily turn 1 BTC into 3 BTC over a period of 180 days (assuming 80 days of availability for compounding).
Sorry, that's just not how this little system works.
Instead the 0.00961979 BTC is used to buy more hashing power. As soon as you turn auto-rebuy back off or it turns off automatically, then all of that hashing power is used to speed up the payback period.
Since your profit here is based on number of days that the contract runs, increasing the hashpower reduces the number of days until you get your coin back. This KILLS your profits, you have less days to collect your profits, i.e. less days of interest to collect.
To offset that a little, they do add the "interest" or "profit" directly to the principle so your principle increases at a rate of 0.0003888 BTC daily for each BTC invested for each day you have auto-rebuy on.
Let's do the same 180 days calc. 80 days of compounding and up to 100 days beyond that to payoff. At the end of 80 days you have ~3 THS of capacity that only needs to earn back 1.0311 BTC in principal.
You will have 1.05 BTC at the end of 6 months for each BTC invested, but the contract actually completed in about 120 days.
So the best way and only reason to consider buying a PACMICs is if you don't mind giving Bitmain a low interest loan for about 100 days. In exchange you have a little bit of a hedge against difficulty increases and bad pool luck.
Don't put substantial amounts into it, it's a bad deal all around.
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thats nice if one can withdraw money from a bitcoin debit card.
anyone here knows a good bitcoin debit card? How can we get one?
I maintain an up to date list at your bitcoin debit card options. |
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The 14% annual return seems so low...  You mean PACMiC v2? Everyone knows PACMiC is a poor investment, no big secret. I make 25% annual on my idle bitcoin using swaps at Bitfinex. It is a no brainer making 14% per month day trading contracts at Hashnest. Not rocket science. |
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