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4081  Economy / Investor-based games / Re: Genesis Mining experience!? on: June 28, 2017, 07:12:39 AM
i bought some more eth contract, 7 mhs sounds stupid but i struggle with my mining rig to get hash rate so this is like an add on.

So, you spent about 0.7 ETH. I look forward to seeing how much ETH you will earn in 6 months.
4082  Bitcoin / Bitcoin Discussion / Re: One Address VS Multi Addresses on: June 28, 2017, 07:04:09 AM
If you receive many transactions to the same address, if you then send money from that one address you'll pay higher fees. better to use multiple addresses. Thus if you are a merchant or need to receive money always to the same address, you'll basically fucked up...

You only pay unnecessary high fees if your inputs are small/dust amounts because the amount will not be enough to cover the fee for additional bytes. Otherwise, it is cheaper than sending from multiple address.

Both of these are incorrect. It doesn't matter if you are sending from two outputs at the same address or from two outputs at different addresses. The size of the transaction will be the same.
4083  Bitcoin / Bitcoin Discussion / Re: One Address VS Multi Addresses on: June 27, 2017, 04:08:34 PM
I have multiple wallets for various reasons, and they all generates a new address for each transaction.

I don't even pay attention to the addresses. Why bother? I let the wallets worry about the addresses.
4084  Bitcoin / Press / Re: [2017-06-26] Bitcoin Price, Explained on: June 26, 2017, 08:49:13 PM
CoinTelegraph sucks because they will print anything. My 12-year-old son could have written a better article.
4085  Bitcoin / Bitcoin Discussion / Re: When will the bitcoin run out? on: June 26, 2017, 06:54:37 AM
Bitcoin will run out if the miners will mined all the bitcoin that is available for the miners to mine and i'm sure after that maxed out bitcoins then the price will spike up because the only powerful in that time is the person who got a lot of bitcoin because he can dictate the price because of the amount of supply that he got but for sure it will take a lot of decades before we get to that point and it is not that easy for the miners to mine all the bitcoin because it needs strong computation.

No.
4086  Economy / Service Discussion / Re: Setting up hardware ledger anonymously? on: June 25, 2017, 01:02:30 AM
I am wanting to take the plunge into hardware wallets soon however one thing is bugging me.
I obviously don't want anybody knowing I have a wallet in my safe at home
I understand you need to use a chrome extension with the ledger so that makes it impossible to use tor.
Does the ledger transmit any ip information when creating wallets?
If anyone could advise me on keeping the ledger anonymous that would be great
Thanks

Electrum supports Ledger (https://ledger.groovehq.com/knowledge_base/topics/how-to-setup-electrum-nano-slash-nano-s), and it can connect over TOR (http://tornews.com/proxy-that-shit-electrum-a-thin-bitcoin-wallet-over-tor/).

Honestly I hate that you need an internet connection to use Trezor, it kind of defeats the point.

Yeah, it's stupid how Bitcoin requires an internet connection. Wink
4087  Economy / Speculation / Re: What determines the cost of bitcoins? on: June 23, 2017, 11:14:02 PM
Supply and demand, but there is heavy price manipulation by big players in the field

Sorry, I'm skeptical. Do you have any evidence to support this claim?
4088  Bitcoin / Press / Re: [2017-06-22] Vitalik's Quantum Conundrum - ETH's Ethical Quandry on: June 22, 2017, 06:38:24 PM
TL;DR: Ethereum is doomed to failure because a previous Vitalik start-up failed (badly).
4089  Bitcoin / Mycelium / Re: generate new address in Mycelium (for Bitcoin-Mixer forward address) on: June 22, 2017, 06:28:21 PM
Thank you for the feedback!
1.Does that mean, all Bitcoins sent to my former Bitcoin-addresse(s), Mycelium does automatically transfer them to my actual Bitcoin-address?
2.And what, if in the meantime my Bitcoin address did change 30 times. Does that still work?

"my Bitcoin address" -- That's not the right way to think about it. You don't have a bitcoin address. You have a bitcoin wallet. It can contain/manage an unlimited number of bitcoin addresses. My Mycelium wallet is up to over 200 addresses now, each one generated automatically when the previous one was used.
4090  Bitcoin / Bitcoin Discussion / Re: Can you sweep paper wallet in your regular wallet? on: June 22, 2017, 12:17:21 AM
But I have to ask, why not just send the bitcoin to your new address? Is it a smallish amount, or are the fees looking too daunting?

Because you can't send bitcoins with a paper wallet. It's just a piece of paper.

If you have say a desktop wallet with some coins and you also have some coins on a paper wallet, can you sweep those coins on the paper wallet to the desktop wallet or will that replace your whole wallet and balance on the desktop wallet?

People that write "wallet address" are probably unaware that wallet can contain more than one address. There is no danger of losing bitcoins by importing or sweeping a private key.

Some wallets let you import a private key. In that case, the wallet assumes control of the private key and its address.

Many wallets don't have that capability because they don't store private keys. These wallets may offer the ability to sweep your private key, rather than import it. The difference is that when a wallet sweeps a private key, it creates a transaction that sends the bitcoins from the swept address to itself and then forgets the swept private key.

Sweeping a private key is generally safer because when you take the paper wallet out of protective storage, you increase the risk of exposing the private key to someone. Once the bitcoins are swept from the paper wallet, the swept private key no longer has any bitcoins. The downside to sweeping a private key is that the bitcoins have to be sent and that will cost money and time.
4091  Economy / Investor-based games / Re: Genesis Mining experience!? on: June 21, 2017, 06:23:15 PM
The problem with Genesis ' ....[/b][/size][/color][/font][/u]


bla bla scam scam scam, the same argument over and over again.

i invested in edgeless if i had kept as eth i would have made more money that argument works for loads of coins investments. i bought GM and have been clear about the costs and returns. yes i made money on referrals all of 3 usd dollars yesterday, you and others have signatures for coins etc, most likewise never actually used them just looking for a freebie.
i actually use them and they work for me, people ask for advice so i post. it is the same type of people shouting the loudest going from thread to thread trying to force people to their viewpoint. i have never forced anyone, they can decide. maybe btc doesn't go up maybe it goes down, who knows, but to dictate what people should do because you don't want them to do something is bloody stupid.

My understanding is GM has been going 3 years, why not spam polybious or proper ponzi schemes.

I don't consider GM to be a scam because they are open and transparent. You are getting exactly what you pay for. Others might consider it a scam because the customers are being mislead -- you aren't getting what you think you are getting.

However, I do believe it is a bad investment because you can do much better by buying the coins directly, rather than paying GM to mine them for you.

The source of the confusion is caused by looking at the investment in dollars, rather than the currency that is actually being earned. It confuses the gains/losses from holding the currency with the gains/losses from mining the currency.
4092  Bitcoin / Bitcoin Discussion / Re: Segwit opens the door for mining cartels on: June 19, 2017, 06:44:31 AM
I believe a flaw in the argument is that once Segwit is the consensus, reverting it would cause a fork because not spending a segwit transaction properly would be considered invalid by the rest of the network.

Forking the network would not be a viable attack because the attacking miners would be on an unsupported fork.
4093  Economy / Investor-based games / Re: Genesis Mining experience!? on: June 19, 2017, 06:24:38 AM
... Reaching ROI can be very much possible if you invest with a credit card and not with a crypto currency because at the time you end your contract bitcoin might be 2 times what it was back when you initially bought the contract.

The problem is that you will get more if you just buy the crypto instead of cloud mining, and you will have it immediately.
4094  Other / Beginners & Help / Re: How do I make a paper backup of my bit coins ? on: June 19, 2017, 02:41:17 AM
You didn't say which wallet you are using. The instructions for using the wallet will tell you how to back it up. In general, if you are using a wallet that has a 12 or 24 word phrase, then that phrase is your back up.
4095  Other / Beginners & Help / Re: Can someone explain how there can be duplicate currency symbols ? on: June 19, 2017, 02:37:04 AM
As you can see, both are using the symbol "ARC", is this normal? And won't this affect some websites/exchanges/wallets ?

There are no official currency symbols for cryptocurrencies, so exchanges can use whatever symbols they want. If an exchange lists ArcticCoin and Arcade City, they will have to use a different symbol for one of them.
4096  Economy / Investor-based games / Re: Genesis Mining experience!? on: June 19, 2017, 12:02:09 AM
i looked at the eth one and for me to get 100 m/h rate cost me over 3k usd plus electricity. they offer a 2 year one for 2799 (plus discount) so on paper that is better than my rig.  some people don't want the hassle GM fills the gap.

A 100 MH/s contract costs $2799, or about 7.5 ETH. 100 MH/s currently mines 1.73 ETH per month, but the ETH difficulty is doubling every month, and at that rate of increase the most that 100 MH/s can ever mine is about 3.75 ETC.

You are paying 7.5 ETH to mine at most 3.75 ETH.
4097  Economy / Investor-based games / Re: Genesis Mining experience!? on: June 18, 2017, 10:31:16 PM
ive posted a few times on here with my experience, i have done well just over 2 dash in 3 months so for 475 dollars not bad.
But how many dash did the $475 contract cost? I bet it was more than 2. Three months ago dash was $50-$100, so did your 2 dash cost you 4.75 -9.5 dash?
it cost 0.39 btc, but there was so much volatility at the time i wanted a hedge. it is not GMs fault that profitability drops or btc went up. like i said they payout on time, respond to my email and fulfilled so far the service i wanted, and because i am not the at best trading i prefer mining.

So you paid 7 DASH in order to mine 2 DASH. That is typical with cloud mining, unfortunately.
4098  Economy / Investor-based games / Re: Genesis Mining experience!? on: June 18, 2017, 03:50:56 AM
ive posted a few times on here with my experience, i have done well just over 2 dash in 3 months so for 475 dollars not bad.

But how many dash did the $475 contract cost? I bet it was more than 2. Three months ago dash was $50-$100, so did your 2 dash cost you 4.75 -9.5 dash?
4099  Other / Off-topic / Re: Bitcoin is "not cash"? What have you bought with BTC over the years? on: June 16, 2017, 06:27:56 PM
I have bought gold with Bitcoin.
I have paid an electrician with Bitcoin.
I have bought dinner with Bitcoin.
I have bought video games with Bitcoin.
I have bought computer parts with Bitcoin.
I have bought many things from Amazon with Bitcoin through Purse.io.
And yes, I have bought coffee with Bitcoin.
4100  Economy / Service Discussion / Re: Has anyone tried hashflare ? on: June 15, 2017, 09:29:43 PM
I don't know much about Hashflare specifically, but most cloud mining sites are scams, and the rest are generally money-losers. Overall, the business model doesn't make much sense. Why rent out mining equipment for less than it mines, when you can keep all it mines instead?
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