Morning guys...I will post everything I have on my end. Email conversations with coinbase etc. ~snip~ I will post what I have below
You should NOT post all of data (your emails with coinbase, .. ) which contain sensitive information publicly online. For now, the address you have sent the funds to (or the tx id) is enough. We can get a better picture of the whole situation knowing this. Morning guys...I will post everything I have on my end. Email conversations with coinbase etc. At this time coinbase closed my case and are saying that the wallet address I sent funds to is not linked with my account.
But you did got the first deposit credited on your account ? What wallet and OS are you using ? What device did you use to access coinbase when depositing ? Funny part is is that the wallet address both transactions were sent to does not show up in my account history for wallet addresses.
Your history on coinbase or your local wallets history ? Please answer all open questions, it would simplify finding out what happened a lot.
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Of course for speculators it could be seen as scary scary to see such big amounts of BTC been moved around, but isn't Bitcoin supposed to be a currency, ie money that people should freely move around? It is paradoxical that this is creating fear in the community instead of joy Unfortunately, bitcoin (or any other crypto) is not a mean for payments for most people. It is more just a tool to get rich quick. The majority regards bitcoin as a speculative investment, instead of a currency. The true price (reflecting the real value) probably will only be reached once people start to use BTC as it is supposed to be. As a currency. Whether it will be via LN, on-chain or any other additional layer doesn't matter. The most important factor which thrives the price up is adoption. And while people should be happy to see a lot of (legit) transactions happening, most of them are scared once larger amounts are moved, because they could be used to 'dump' the market. People are more focused on short term trades than long term ones, unfortunately.
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Also, miners might start to supplement their income by hosting LN Nodes and getting fees from forwarding people's tx's.
The good thing about the LN is that anyone can open a big amount of channels to get payed to route a payment. You don't need specialized hardware and electricity costs far below the average to compete and earn money. You just have to provide a funded channel to route the payment. So anyone (including miner) can participate the same way. Lightning Network earnings are quite small and might not be worth the hassle of balancing thousands of channels.
They are small (or non-existent) at the moment. But once LN is 'released' and truly tested and fully developed, the fees will increase when the user base and transaction made there increases. These tx fees will still be way lower than the fees from on-chain tx's, but balancing thousands of channels should definitely make it worth it (at a stage where the LN is fully functional and used).
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Are you really sure the both addresses are identical ? Did you check that afterwards ? You might have a copy-clipboard-malware which changes an copied address to the attackers one. But if you are sure those two addresses are identical, all you can do is contact coinbase and show them your first deposit which got credited (to that specific address). They should be able to find their mistake and credit you the amount. Or there's really a typo in the second transaction's address.
Since the checksum is 32 bits, the probability of entering an wrong address that will still decode to a valid one is roughly 1 in 4.3 billion. Thats rather unprobable. Copy/pasting the wrong address or a clipping malware does seem way more realistic in this case.
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Your coins are lost, you cannot recover them. You would need a public key which hashes to 09763cb05dcea0f98f53b0f08651f92c5d2d2f38 and its associated private key. All you have is a redeemScript that has that hash. That redeemScript is not a public key. Thus you cannot get those coins as you cannot spend them.
The P2SH address OP has is correct, his pool software is just broken. a fatal mistake on his pool software about 25 BTC worth of $175,000 currently Thats the problem with low quality software which hasn't been tested properly and extensively. A lot of people are looking to save a few hundred/thousand bucks when hiring a developer to create a software. Unfortunately those people will never understand that investing a few more bucks into the software will safe you way more money in the later run Additionally it seemed like the software hasn't been tested at all A simple unit test would have shown the inconsistency in the first run.. @OP: If you have a purchase contract regarding the software, you probably can claim damages towards the developer. Each software has to be tested properly before being delivered. And such a mistake definitely stands out.. But, if you tried to save a few bucks.. well.. that was your own fault then i'd say..
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Can I ask? We have the same situation.
A lot of people occasionally have the same situation where a transaction isn't instantly confirmed. That's nothing unusual. Is it a good thing or a bad thing for the transaction?
Uhm.. depends on how you look at it. The transaction is not confirmed yet. So it is not fully completed yet. It has been broadcasted, but has not been yet settled on the blockchain. Consider it as not final yet. I am confused because some of my friends said it was okay and some say that I should transact high value as much as possible
This is fine. Your transaction will confirm earlier or later. Even if it doesn't get confirmed, you still have the possibility to bump the fee (if you had RBF enabled when sending the transaction). The 'friends' who say you should transact 'high value as much as possible' probably don't have a clue at all. The value you transact is completely unrelated to the time it takes for your TX to be confirmed. This only depends on the fee rate (sat/B) and the amount of TX waiting to get confirmed)
Mark my words: Most people talking to you.. don't have a clue at all what they are talking about. It is always up to you to filter senseless rubbish out from actual true information.
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Or a faster way: Press WIN-key + R to open the Run-command-windows. Then enter either: (to open the bitcoin folder inside AppData) or: to open the AppData folder. This does work WITHOUT activating to display hidden folders. Then do what HCP said and look if the tree structure looks 'normal' (blocks folder exists, .. ).
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I restored my Jaxx wallet with my 12 words. The wallet came empty. All my ETH is lost
~snip~ ... It's one of the reasons I refuse to use Exodus, it won't even show you the backup mnemonic until you have received coins!!?! Aren't Jaxx and Exodus completely unrelated wallets ? I thought Jaxx does allow exporting the seed. Even without having a balance stored there. Either way.. Jaxx AND Exodus are both wallets which should NOT be advised to use. Both seem to be buggy and partly exploitable. @OP: The best bet would be to use any other compatible wallet. Jaxx follows BIP 32/39/44. If you didn't change any settings upon creating the wallet (i.e. derivation path; i am not sure if you are even allowed to change that parameter there) your seed should create the same addresses / private keys.
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Did you know you can store bitcoins blockchain on USB stick or external hard drive as the startup directory? Sure you can do this. But given the size of the entire thing it would be hard to find a USB stick which can hold the entire blockchain! Actually, flash memory is extremely cheap right now. You can buy a 256 gb stick (which is enough for the whole blockchain) for 35$. And a 126 gb stick only costs around 20$. With the current overthrow of the storage market, most prices are hilariously low. Especially flash memory (SSDs / USBs).
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One of my friend tell me that I need to send my coin into myself. If so, do I still need to pay the fee?
Each transaction needs a fee to be propagated through the network and to be finally included into a block. The answer is yes, you need to pay a fee when sending to your own address. You need to occasionally (when the fees are low) consolidate your inputs (see LoyceV's link). You will need to pay a fee for this transactions, but it will be the minimum fee (1 sat/B). And once the transaction fee rises, you'll benefit from a smaller transaction size since you only have 1 UTXO instead of X.
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Do you have the 'Allow Incoming connections' box ticked in the settings of core ?
Outgoing and incoming connections are seperated. You need to allow incoming connections to be reachable from outside of your home network.
There are several sites available online which can check whether your machine is reachable on specific ports. You may try this out. It takes half a minute and you know whether your machine is reachable.
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Could you explain what "take off all other forks before you do that though" means? I tried to log into the wallet on their website, but I got an error.
He wanted to say that you should remove all other coins associated to these private keys (especially BTC) before entering them on a website. This whole concept COULD be a whole scam just to get private keys to steal BTC. That would be nothing new. (Note: this does NOT mean that this is a scam. Just that it COULD be scam) You have mentioned a 'secret passphrase'. Did you enter a 12/24 word mnemonic seed ? In this case you should first move all funds associated with that seed to a completely new one before entering it in a non-reputable software to claim forks. This seed should be considered as compromised afterwards and should never be used again.
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Native segwit (bech32, addresses starting with bc1..) might not be accepted at every online site / merchant since not all of them already updated their server to accept this address format.
just to clarify: this means if they don't accept bc1 addressed you can not withdraw from that service to your address but you still can make deposits meaning you can have your coins in a bech32 address and send from that address to your exchange for instance but withdraw to a base58 address (starting with 1 or 3). Right. Thanks for making that clarification. Should have been more detailed.
@OP: To mention an argument 'contra segwit': You won't be able to claim every shitcoin forkcoin anymore. Depending on the 'aidrop' and the implementation of those forks, you might need your BTC stored on an legacy address to be able to access them later. But since each shitcoin forkcoin created in the future, probably never will have any real value, this shouldn't be too much of an argument. IMO the advantages (scalability, lower fees, fix of transaction malleability and being a requirement for LN (i.e. HTLC's)) outweigh the 'disadvantages'.
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End conclusion: We agree #1 is the correct one. We even both delivered examples as proof Note: An example can NEVER proof a theory. It can only disprove one. The real prove is this: bool CheckProofOfWork(uint256 hash, unsigned int nBits, const Consensus::Params& params) { ~snip~ // Check proof of work matches claimed amount if (UintToArith256(hash) > bnTarget) return false; return true; }
The statement is: Hash > Target THEN Not valid If we negate that statement (to match the statement 'valid'): Hash <= Target THEN ValidAnd this matches #1 from OP.
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Bitcoin mining does consume a lot of energy but virtually all of it comes from a sector with a low carbon footprint.
Currently the majority of miner are located in china. And china's energy is to 66% generated by coal-fired power plants. That's by far not a 'low carbon footprint'. Still.. compared to banks and their energy usage.. that's nothing in comparison. This could help to make solar panels, hydroelectric plants and windmills more cost effective alternatives to fossil fuels on a kilowatt per dollar basis.
Using the unused energy from renewable sources which can't be injected into the grid for mining is a very nice idea. I believe this can be established pretty cost-efficiently.
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Maybe it would be more effective if we encouraged businesses to accept Bitcoin rather than encouraging end users to spend them lol.
Well, IMO encouraged users who want to actively use and spend bitcoins at a store, can have an influence on the owner of the store to accept BTC (to encourage businesses). But encouraged businesses which accept BTC don't have such a big influence on their customer to pay with BTC. Most of them would probably stick with their credit card (regardless of a "BTC Accepted Here" - sticker). A user base (and new user who want to actively use BTC as a currency) are thriving the adoption forwards. Not businesses accepting it as a payment option per se.
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Blocks get orphaned all the time, and as far as I know the orphaned transactions aren't abandoned, they're just added to other blocks again.
This applies to 'normal' transactions. But maliciously sent transactions which aim to create a double spend do leave transactions inside orphaned blocks which aren't later added to the main chain. So while the majority of transactions has been added to the mainchain through other blocks, a few have not been added (which are still valid itself in terms signature check).
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How can people aren't interested with bitcoin ATM?
Well, the fees mostly are pretty high and the maximum tradeable amount is low. It is much easier / more convenient to register at an exchange and buy/sell there. Does all bank do that? Because as far as I know that there are limited ATM machines or banks accept it but I hope this will be applicable for everyone banks that they should consider cryptocurrency
No. They are not from banks. And these ATM's are not related to banks in any way. Private businesses/institutions/people buy or build them and deploy them at local places. That's a business model.
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Hi I want to ask how can I predict the Dump and Pump of the price of the market?
Noone can give you an accurate answer to this question. Generally: A heavily increasing demand with the same supply creates a pump. And a heavily decreasing demand with the same supply is followed by a dump. Information is key. But how and where to get the necessary information and how to conclude the state of the market from this information is pure gold. If anyone would be able to precisely predict the market, posting it in a forum would be the last thing he'd do... How can I earn with the Pump of the price aside from hodling, trading, joining some bounty and how can I also earn with the Dump price in the market?
Well.. You buy before and sell after a pump. And you sell before and buy after a dump. Timing is crucial.. For increased gains, go for leverage trading. You basically borrow money to bet on the price to rise/decline. If you can predict the market, you get rich. If you can't, you'll probably lose all of your money.
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Im thinking switching to segwit, i just wanna know whats your experience with it.
There isn't much to say about it. Segwit fixes transaction malleability and lets you save fees with your transactions. Native segwit (bech32, addresses starting with bc1..) might not be accepted at every online site / merchant since not all of them already updated their server to accept this address format. But it offers a huge 'discount' in fees when sending a transaction. Nested segwit (p2pkh nested in p2sh; addresses starting with 3..) is accepted everywhere and does also cost less in fees to send a transaction.
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