I am searching for a good place to hide my paper wallet
i don't want any one to see it or try to scan the QR code
please don't give me silly places, I really want to hide it in secure place
How about a safety box? How about you put the QR code on a digital image and put it on a USB key too? Just make sure to have some redundancy. The best way to keep it secure is people not knowing you have one and if someone acquire it, they can't tell what it is. You could also put light encryption on it with something very easy for you to decrypt, just to obfuscate even more the content. |
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Some people claim bitcoin will give good returns to only for early adopters not to the later entries
Who says this? Nothing I've read says that late adopters of bitcoin are expected to be left "holding the back" as they say about ponzi schemes. Don't believe everything you hear, a lot of it is bull shit OR share your source... Its like saying Microsoft and Apple is a ponzi because you didn't buy their share when it was worthless before they became mega corps. Its pure nonsense.  Its just the nature of investing in stock and other things that share some similarities. Like Cryptocurrencies. Microsoft and Apple have an actual output, they produce something. They became more and more productive that's why the shares have gone up. That is not the case for bitcoin. Of course it is. For Bitcoin, its throughput is more and more transaction. The whole concept of Bitcoin is about moving money around and move money around it does. If for some reason the value of moving around is not realized, then just look at its market cap. Bitcoin can provide a service that can completely revolutionize the economic management of currency/worth. That is why it is so valuable, beside its speculative value. |
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I downloaded Bitcoin Core v0.11.0 and immediately got some bitcoins sent to the address it created from a friend. Through the process of "synchronizing with the network" it ran into an error and crashed. Now whenever I open the client it just says "Error reading from database, shutting down." I still have my wallet.dat file, so will I still be able to recover those coins? It's not exactly an amount I can just forget about. This is what's in the debug file when I open that. What can I do to recover the coins sent to this address? debug is here http://pastebin.com/32FXCK92That is odd. Unless there's a little obvious thing you need to fix to solve this issue, the typical first step is going to %appdata% and find the roaming folder for bitcoin core, then delete the blockchain data. Of course do NOT touch the wallet.dat. Then uninstall bitcoincore and reinstall it. Then try to resync again. If it get corrupted again, a quick google search have people recommending to check your ram for errors; http://www.memtest86.com/ |
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The problem is at some countries bitcoin is already accepted ,at Brasil the most things we can pay is to pay developers to make some projects,there isnt yet some website offering a computer for bitcoin a cellphone,a tv or a bike even there is no travel agency accepting it ,isnt very knowed at the moment,soo this make some of us hold it waiting a better value,in my case i keep growing my portfolio.And well is hard to trust others online shops that accept bitcoin since there isnt any way to recover the money sent ,soo can be easy scammed,by the way which worlwide site you talking about?
My friend in Brasil told me its not really possible for BTC trade to flourish there because there is a massive 20% tax on any sale of BTC i believe. That means he has to get a US account and deal remotely with US exchanges. Otherwise 20% on any transfer of BTC/FIAT is completely absurd. |
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Some people claim bitcoin will give good returns to only for early adopters not to the later entries
Who says this? Nothing I've read says that late adopters of bitcoin are expected to be left "holding the back" as they say about ponzi schemes. Don't believe everything you hear, a lot of it is bull shit OR share your source... Its like saying Microsoft and Apple is a ponzi because you didn't buy their share when it was worthless before they became mega corps. Its pure nonsense. Its just the nature of investing in stock and other things that share some similarities. Like Cryptocurrencies. |
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as it says i'm 100% noob to this bitcoin word i have seen some ads talking about bitcoin mining and wasn't able to understand it  could you please explain to me what is that mining and how to earn bitcoins from it thanks  Mining = minting bitcoin. But mining bitcoin is helping to stabilize the network and maintain it. It's like a maintenance tax, that is necessary to keep bitcoin alive. Miners get rewarded by this, and its very profitable , but only for big miners not small ones I'm small, and its profitable, you just need to do it in the right conditions. The miners get all the TX Fee and the block reward and i get a self satisfying part of it with my home mining. Depends how much electricity costs, in my zone it costs alot, we pay like 40% taxes on it, it sucks  But you can still mine like altcoins profitable ? There is not much difference for Altcoin and Bitcoin. They are both crypto so would both should counted the same here. Profitability for Altcoin isint really higher than BTC ASIC. Its mostly that it let you do something with your GPU hardware, sometime CPU as well. With the high cost of GPU and its high electricity usage, its even more prone to being unprofitable if you do not have dirt cheap electricity. |
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Since the bitcoin future is unknown there is no guarantee that you can be retired even if you have 1 million bitcoins.
The price can be higher or lower, nobody knows, maybe bitcoin will not exist after 20 years, or maybe the whole internet will be shut down. I think that you should work hard outside and hope to be retired in 20 years which is not often possible.
That is the right attitude. If i had 1 million Bitcoins, i would of already retired.  And unless the world explode, its not possible for "internet to be shutdown". But the message is still relevant, there is no way to know if BTC will lift off and cause the Crypto revolution. Billgates says its not going to be BTC. I think it could be if it get improved properly. The sidechain and such would help. Maybe it will be another coin, we'll see. Just don't put all your eggs in one basket. |
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How many S5's are you running off the EVGA 1200W power supply? Two perhaps?
yes Those are great PSU. I'm not sure what is wrong with your setup. What is the temperature you let your ASIC run at? Because it doesn't sound like its the PSU or you going crazy on overclock. |
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A lot of miners have multiple owners. It's really different day's in the world of asics then GPU's. GPU's you used them to mine and most sold to a gamer who would use.
With asic it seems higher priced electricity people stick with new gear because of efficiency. At a certain point though it makes to little and is sold online to someone with lower electricity.
It would not surprise me if miners at this point have 3 homes by the end of their life. I think we will only see more of this moving to lower priced electricity places with old asics.
On old gear what I hope happens is parts are reused. I know this likely will not happen. But imagine if we could get a place to store A1 cases and heatsinks some third party could make a upgraded hashing pcb and you have a new miner. I really wish there was more upgrading but it does not seem to happen much. Sadly you are probley right about them going to recycle's who sell for metal value at some point.
You "can" recycle a fair bit of components on used boards. The fans can be reused or at least the plastic recycled when the motors die. The metal parts could be melted. But all in all, that is a lot of manual labor and there is a constant waterfall of them trickling down to landfills so i'm guessing Cryptocurrency related ASIC will simply just be that. A bit more electronic being dumped somewhere. I think only the metal heatsink and cover/husk would be convenient to recycle and you could probably recycle them with home recycling bins. |
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Currently bitmain is the only company left selling ASICs to the hobby/home miner.
I will be grabbing the R1, I need a repeater.
I'm not too thrilled with the R1, but if someone come up with custom firmware for it, it might be interesting to use for the sake of minimizing your network load. For a stock one, you can only mine at Antpool and there is a fee and its solo mining. So, pretty useless application to my current setup as is. |
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I CANNOT STRESS THIS ENOUGH, LOOK AT THE 12VDC BUSSES(RAILS).
If each rail supports 20A you'll be fine BUT YOU MUST power one card with each rail. The CPU 8 pin connector is one rail and the rest are the other, you'll have to cut off 1 6 pin PCI cable from one rail, cut the two 4 PCI cables plugs off and wire them into the 6pin.
MOST CHEAPER POWERSUPPLIES USE RAILS AND YOU MUST SEPERATER THEM
SEPERATE
THE
RAILS.
Jump green wire to black wire to turn on Powersupply.
HAVE I MENTIONED THAT YOU HAVE TO SEPERATE THE RAILS?
Oh by the by SEPERATE THE DC RAILS.
It is REALLY EASY to seperate they but.. YOU MUST SEPERATE THE DC RAILS, ON RAIL PER CARD(SIDE)
Just get a good PSU. If you need something cheap but still high quality, there's the EVGA Bronze, its like 40$. Its not recommended because it is not Gold or higher efficiency but at least its reliable and has a 10 years warranty. Also the EVGA's power rating are Very conservative and is set for efficiency in mind. The real limit of an EVGA to be run 24/7 safely is very close to its rated limit on paper. |
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Technically, if someone could turn the antminer s7 into a cmputer, what would the clock speed in hz be?
I assume it would be high!
Its impossible, but that aside, an ASIC is many cpu-like chips that only does one thing, thus it does it more efficiently. As such, we already know the clock speed of those chips. At stock speed they go for 600hz or 575hz for the lower quality batch. You're welcome to read up on ASIC's; https://en.wikipedia.org/wiki/Application-specific_integrated_circuitThey are just completely different entity. |
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if you could rent a large portion of the hashrate like 3ph of SHA then you could push up the interest in the coin as well as pump up the price
Are you talking about BTC? Even if you rented 3PH on BTC it would not really pump up the price or effect it. You would just be gambling assuming your solo mining. On alt coins if you mean that on SHA. There are not really many good ones. Your chances of pump/dump are not as good as you think. If you do that on a small coin, by itself people might just decide to dump because of how much hashrate is suddenly being pumped in. And in the end you'll just be left with coins worth less than what you paid for. If you want to do this, just slowly buy the coins directly. Going through a convoluted hoop of renting the hashrate too just further lower your return. |
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I may think to leave my job if my earnings from bitcoin goes near to full time payments in my country. (currently it is not)
But jobs are our guarentee guys, you know. it is hard to leave working completely.
Yes many people's concern is similar to that. Because even we get more money in bitcoin, it's hard to spend in bitcoin format. Because a full time bitcoin earner can not keep all things earning as investment. So, before switching into bitcoin full time earner we must check for bitcoin acceptance. I can exchange BTC -> Fiat in 1day and instant the other way around. It cost 1%, and then i have the fund in the format i want. At which point i can buy absolutely anything thats for sale in store, whether they take BTC or only fiat. If my job paid out in BTC, which it kind of does, then its no problem, if i have some issue with holding BTC when i can't spend it, which isint the case, since i can get absolutely everything i want online with btc, then i can send it to FIAT for the times i need to spend using FIAT. Well some of us converting btc into fiat to buy something we cant buy with bitcoin,i had sold some bitcoins to pay some bills to avoid an delay ,now im holding them ,investing at safe projects. I used to do that until Coinbase in Canada. You can use your credit card number as a bill number and the BTC is basically transferred to fiat directly that way. There was a few days delay but it was fairly convenient. But with worldwide online retailers that accept Bitcoin, i simply do not understand how so many people can come here and say "Poo i can't buy anything with Bitcoin so for now i'll hold." |
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Some people claim bitcoin will give good returns to only for early adopters not to the later entries, like MLM works.
My view,
1. Bitcoin is still in early stages, so we will get big boom from it.
2. Unlike MLM you will not loose anything because of bitcoin buying. You can use it or re-sale it.
3. Satoshi has designed bitcoin like initially as a investment later as a money. So, never afraid of it's worth.
4. Bitcoin is NOT ponzi scheme, as below
Buy--> Use = No profit no lose when used as money
Buy-->Hold-->Use = Big profit,NO Lose. Profit only when used as investment.
Nobody has control over your Bitcoin but you, unless you leaked the key anyways. As such its completely impossible to be a Ponzi or a scam, since no one has control over your invested money. Its just like stock however, the Bitcoin's value can go up and down. But when people realize the impact BTC is slowly gaining, then maybe the mass will realize that it is starting a revolution. |
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You can buy Starbucks coffee with bitcoin directly? Or you need some sort of gift card you purchase with bitcoin to able to buy coffee there?
Are this offer is available in every Starbuck coffee shop?
Yes, it's actually an online gift card, but the web app makes it very smooth: - Browse to coffee.foldapp.com. (You don't need to set up an account or log in.)
- Click on the buttons to buy $5, $10, or $25.
- Click on the "Pay with Bitcoin" link. This will launch your wallet app (assuming it's set up correctly).
- Send the transaction, which will be the amount you selected above, less 20%, by the current exchange rate.
- In a few seconds, the web page will show you a bar code, which is a Starbucks gift card that you scan at the register.
- If you didn't spend the whole balance, you can get a refund back to a Bitcoin address you specify. Or, a cookie will remember the card so you can use it next time.
I've done these steps while waiting in line at Starbucks. Other than your wallet app, you don't need to load any other app, or create an account. Yes, I realize it's not Starbucks directly accepting Bitcoin, but it's still a nice demonstration, and handy if you don't have enough fiat in your pocket. Yes, I realize there is some trust required that Fold app won't lose the bitcoin you send them. But I'm willing to take the risk of a price of a cafe mocha. :-) Is this available for Steam wallet codes? It seem to be a hassle to get wallet fund and then people tell you "I give you 100$ for 20$" which just sound like they got their hands on hacked accounts or such. Discouted Steam wallet codes would be nice i guess. Just hard to find something legit and convenient. |
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Thank u I just wanted to confirm... I would also like to know if it is safe to buy used antminers? Or should I buy brand new?
I dont think you can buy brand new. If someone has been holding brand new miners on shelves, at the price they devalue, they are doing it wrong. The upside of buying used is, you know it work. In the ASIC business its not too bad. So their price is pretty much the same whether they are new or used. If you could get all of them at 300USD each with actual free electricity then yeah. I just hope you have a good way to dissipate the heat. |
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I may think to leave my job if my earnings from bitcoin goes near to full time payments in my country. (currently it is not)
But jobs are our guarentee guys, you know. it is hard to leave working completely.
Yes many people's concern is similar to that. Because even we get more money in bitcoin, it's hard to spend in bitcoin format. Because a full time bitcoin earner can not keep all things earning as investment. So, before switching into bitcoin full time earner we must check for bitcoin acceptance. I can exchange BTC -> Fiat in 1day and instant the other way around. It cost 1%, and then i have the fund in the format i want. At which point i can buy absolutely anything thats for sale in store, whether they take BTC or only fiat. If my job paid out in BTC, which it kind of does, then its no problem, if i have some issue with holding BTC when i can't spend it, which isint the case, since i can get absolutely everything i want online with btc, then i can send it to FIAT for the times i need to spend using FIAT. |
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Bitmain has updated their site. The AntRouter test is gone, and they've added batch 2 and 3 of the S7.
Interesting that batch 2 is 4.66TH/s for $1585 and batch 2 is 4.86TH/s for $1658. Both ship in the same date range.
So I guess you pay a little more for better performance? Have they ever done that before?
In the past separate batches would have separate ship date ranges, not slightly different specs.
I just wish they'd ship the rest of batch 1. Still waiting for my second order from Sept 5.
I also noticed that and am going through the pages to try to find an explanation... Maybe it will just come clocked higher? Or its a "v1.1" that has more efficient hardware/software support? I noticed a separate part of this, both miners were added around the same date and are both shipped on exactly the same date. (Assumeably not a coincidence!). I also noticed that the previous s7 was 8.something btc and the new one is 7.01 btc! WHY THE DIFFERENCE FOR THE SAME ENERGY. I SEE THEY ARE ALSO STILL SELLING THE POWER SUPPLY SEPARATELY (why are they doing this). For people, like me that already have a PSU or for people that can't run 240v, since their PSU does not run on 120v. For the price difference, the difference between batch 1 and 2/3 is big, but Bitmain will probably reply "such is the nature of the Bitcoin industry" if you received your miner on time or "Here's a little something for the delay." if not. For the difference between Batch 2 and 3. I think batch 2 is the lesser unit that didn't pass the QC as they can't run 600 hz stable. They have been downclocked to 575hz. |
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At $0.15 per kWh, there isn't much gear out there that will be profitable for you. The S7 (if you had one mining right now) would expect to earn you about $9.46 a day. At 1.2kW power usage, it would cost you $4.32 a day, meaning you'd make about $5.14 in profit a day. So, if the network difficulty and exchange rates remained static (which they will not), it would take you nearly a year to pay off your initial investment in the hardware.
How about an S3? Well, one of those currently expects to earn about $0.86 a day. At 340W, it'll cost you $1.22 a day to run. Oops... that's not gonna work.
Ok, how about an S5? 1155GH/s expects to make you $2.25 a day. 590W will cost you $2.12 a day. OK, you're making about $0.13 a day.
So, in a nutshell, you can take your chances with the S7 - and it's taking a hell of a chance - or look at other options like hosting.
That is not going to happen, for the S7. Don't forget the halving coming, at which point it would be half 9.46$ = 4.73$ per day minus 4.32$ =41 cents per day. And with the reality of raising difficulty, this is simply not ROI-able. That electricity cost is completely prohibitive. I think the host fee for cloud hosting is 0.08$/kWh which is already high in itself and take up nearly if not all profit away from the investor. So if you "Really" want to invest in mining, the best bet that i can tell right now would be to buy a S7 on Hashnest. Check the hosting cost, if its still 8 cents per kWh then you're in for not much profit but at least you can bail out at any time. |
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