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4301  Bitcoin / Bitcoin Discussion / Re: Some common doubts about Bitcoin Paper wallet on: January 23, 2017, 11:14:59 AM
Other address you are transferring the whole bitcoin address if you install the private key in other wallet provider?
I just try this when i was installing the private key in the same wallet in electrum only one address is you can get..
Unless if you are using 2fa in electrum when you are backuping private key you can get different address..  when installing it to other wallet or in same electrum or wallet..

Sorry, but i can't really understand your question... I think you're saying that you can not import a private key into an existing electrum wallet.

This is partly correct.

You either generate an HD wallet, this wallet uses a seed in order to generate an xprv. This xprv is used to generate a bunch of derived addresses.
Once you used electrum to generate a HD wallet, you can no longer use this wallet to import private keys, since theys imported keys could not be derived from the wallet's xprv.

But, if you generate a new wallet in which you restore the wallet from a private key, the resulting wallet won't be HD. Since the wallet isn't HD, you can import extra private keys.

Long story short: if you want to import private keys into electrum, make sure you generate a wallet that isn't generated from a seed, but from a private key... Once you have a wallet that is generated using a private key, you can add extra private keys to it.
4302  Bitcoin / Bitcoin Discussion / Re: Some common doubts about Bitcoin Paper wallet on: January 23, 2017, 10:28:33 AM

Thank you for your reply. I have readed your reply carefully.
From your reply I am assuming that, no one can hold bitcoin. We can use our paper wallet bitcoin if Blockchain.info not working properly OR completely stopped. Right ?

Yes, bitcoin isn't a physical thing, it's more like some records into a database. Since the database is decentralised, it is very unlikely that somebody messes with it, or that at one point, the complete database will be lost.
The second part is also correct, blockchain.info is just a company. If they ever go bancrupt, or just disappear, a lot of people using the blockchain.info wallet will potentially have problems accessing their wallets (unless they made proper backups). But this has no impact on your paper wallet. You could just import your private key into a synced bitcoin core wallet, or into an SPV wallet like electrum, and you can just use your unspent inputs to generate a transaction without ever needing the company blockchain.info
4303  Bitcoin / Bitcoin Discussion / Re: Some common doubts about Bitcoin Paper wallet on: January 23, 2017, 10:04:34 AM
Quote
So database is Blockchain.
Yes.

Then what is the difference between storing bitcoin in Blockchain OR paper wallet?
Database is Blockchain.
I am thinking about paper wallet seriously. Because, almost 4 months ago Blockchain had problems..
Website was not opening for 1 full day. It was their maintenence.
That time I was very worried, When blochain is back as normal, I transfered my all Bitcoin from Blockchain to Coinbase.
Till today I never used Blockchain again.
If blockchain is again getting problem, I think we cant use my Paper wallet bitcoins.
I had a bad experience with Liberty Reserve. I had dollars in Liberty Reserve when they stoped website.


Some more misconceptions...

First:
It has been stated before: bitcoins aren't a physical thing... You cannot hold a bitcoin.
Bitcoins exist as a number of unspent inputs, records into a decentralised database that say that address x has x BTC worth of unspent inputs.
The person holding the private key for address x can also generate a valid record that can potentially be added to the same decentralised database, that transfers the unspent inputs of address x to address y. In that case, the person holding the private key for address y can use the new, unspent inputs.
If you want to know more, i suggest using google to find more info on how bitcoins work exactly. There are tons of sites dedicated to this topic.

Second:
blockchain.info => a company that owns a block explorer and an online wallet provider
the blockchain => the ledger (database) consisting of physical files stored on hundreds of computers... The database of each and every transaction ever made.
Your transactions are stored on The Blockchain, offcourse, the node(s) of blockchain.info also downloaded The blockchain, so they also store your transaction, but they're just a company running a couple of nodes, they do not own the blockchain itself.
I know, it's confusing that a company chose a name that is the same as the technology they're using, but that's just the way it is...
4304  Economy / Scam Accusations / Re: OMG I think Pulithey1986 scammed me!! on: January 23, 2017, 09:33:00 AM
Sorry to hear you got scammed, but could you please follow the correct scam report format?

https://bitcointalk.org/index.php?topic=260073.0

It makes it a lot easyer for people on the default trust network to verify your claims, and tag the (potential) scammer if they feel you have a valid point.

The main thing i'm missing in your report:
- Link to the scammer's profile
- Screenshots of any ICQ communication
- tx id of the payment
- some proof the icq address is connected to the bitcointalk user.
4305  Bitcoin / Bitcoin Discussion / Re: Some common doubts about Bitcoin Paper wallet on: January 23, 2017, 09:17:48 AM
I guess you're missing some of the basic concepts of bitcoin.
A paper wallet holds your private key, preferably in an encrypted manner. It also shows the address that corresponds to this private key, altough theoretically, the (encrypted) private key would suffice, since you could (potentially) calculate the public key and the address based on the private key.

If you create a transaction with outputs to the address on your paper wallet (and the transaction makes it into a block) (basically, you're sending funds to your paper wallet), everybody running a core client or node will have the transaction with outputs to the address on your paper wallet into his own, database (it's in the blocks that are physically stored onto their disk).
It's a decentralised database, hundreds of people have the database containing all confirmed transactions ever made onto their own harddisk. They don't only store their own transactions, but they store everybody's transactions...

Afterwards, you can import the private key into any wallet you want, the wallet will have to download all the blocks (unless it's an SPV wallet, or an online wallet, since those wallets rely on blocks downloaded by a central node), including the blocks containing the transaction with outputs to the address on your paper wallet. Afterwards, you can create a transaction with these inputs.

It does not matter if you create a paper wallet today, receive inputs for 2 years, and only after two years import the private key into a wallet... As soon as you import it, the wallet will scan the blockchain, and find all past transactions, and you'll be able to generate a transaction using these unspent inputs, eventough the private key was not imported into a synced wallet at the time the transactions providing the inputs were generated.
4306  Economy / Web Wallets / Re: Blockchain.info RPC JSON API on: January 23, 2017, 07:29:49 AM
I just made a test account on blockchain.info and tried to send a simple getinfo request using their json-rpc api:

./bitcoin-cli -rpcconnect=rpc.blockchain.info -rpcport=443 -rpcuser=[my identifier] -rpcpassword=[my password] getinfo

The message i got:
error: couldn't connect to server

If such a simple request, using the standard bitcoin-cli doesn't work, i seriously doubt there's something wrong with your script... I can only assume there is a problem with their api.

(BTW, got the same message when switching the port to 80, apparently -rpcssl is no longer supported)
4307  Bitcoin / Mining speculation / Re: Noob want's to make money... on: January 21, 2017, 05:52:52 PM
If you're really new to mining I'd suggest picking up a cloud mining contract before fulling investing in hardware. They're on average 1$/GH more expensive but once you take into account electricity prices and such it's pretty much negligible. The current mining scene isn't what it used to be, not everyone can pick up hardware and expect money to start trickling in. It's way harder to break even now.

About 99% of the cloudmining companys turn out to be ponzis or plain scams. For the few real ones, it seems pretty difficult for their investors to make a profi.
4308  Bitcoin / Bitcoin Discussion / Re: 16 blocks for 60 minutes (and 19 blocks for 90 minutes) on: January 20, 2017, 02:02:48 PM
Hi,

https://www.dropbox.com/s/tvb50nykbhvj7kc/blockchain-speed.png?dl=0

Now is very strange situation - 16 blocks for one hour or 19 blocks for last 90 minutes...
SHA-256 fluctations or very quickly delta speed of miners?

What do you think?
Very strange...

Nothing strange... Just pure luck and averages...
The network diff is adjusted every 2016 blocks, so that with the current network hashrate, about 6 blocks should be found per hour on average.

It is possible that one hour, 7,8, or in this case 16 (altough i cannot load the image) blocks are found... IF the time between blocks was less than 10 minutes on average for 2016 blocks, the diff would rise... It's all odds and averages tough.
It is possible there was a jump in hashrate, but in this case, the diff will be adjusted in a maximum of 2016 blocks, so everything returns to normal. It is also possible this was just coincidence.


It IS possible to find 10 blocks in one hour using your CPU, altough the chance is really, really, really, really, really small.
4309  Alternate cryptocurrencies / Altcoin Discussion / Re: running a new cryptocurrency with only two computer on: January 20, 2017, 01:33:01 PM
lets say i have created a new cryptocurrency with full pos mining, there are many people around the world download the wallet and runing it everyday and everything seems normall, but suddently no one running it again except my laptop and my desktop pc, my question is , is it possible that my cryptocurrency still run normally and though it is running by just two computer that always on???

Sure... Why wouldn't it work?

IIRC, you need two nodes if you want to mine, but if you're not mining (so new blocks aren't added to the blockchain, transactions aren't added to blocks, no confirmations), i think you can even have 1 node, and your ALT would still exist.

bTW: i guess you'll need to move this topic to the altcoin subforum, since it's not really talking about BTC?
4310  Bitcoin / Electrum / Re: Thumbled BTC to other wallet, verified but never received them. on: January 19, 2017, 04:00:24 PM
to find your tx id, open your electrum wallet, go to the history tab (usually the default tab), find the transaction, right click it, details => the transaction id is at the top of the details window.

Personally, i've only used the mixer in my signature in the past, but there are several mixers that are trusted by the community.

About the letter of guarantee, most mixers let you download a letter signed using one of their addresses stating that they promise to mix all coins you send to address x and send the amount minus the fee to your address y.
Such a letter is the only proof that you've actually sent your coins to the correct deposit address...

Like i've said before:  it's up to you if you want to publish the transaction, address and (if you have it) the letter of guarantee, because the privacy of the transaction and associated addresses will be gone if you do (but we won't be able to verify anything if you don't publish them)
4311  Bitcoin / Electrum / Re: Thumbled BTC to other wallet, verified but never received them. on: January 19, 2017, 02:46:15 PM
Hi everybody,

I am new to this forum and to BTC.
I recently downloaded Electrum cause I heard a lot of good stuff about it.
Now I did my first transaction. I tried to thumble my BTC thru Helix, The BTC left my Electrum wallet, but never showed up in my other wallet.

If I check the details of the transaction it says 446 confirmations, and counting.
Can anybody help me in what to do, or what is going on with my bitcoins?

Here are the details:
amount sent: 200.mBTC
Size: 374 bytes
Fee: 0.1872 mBTC

Thanks in advance!

It might be easyer if you posted the tx id and the letter of guarantee (at least, i hope helix has a letter of guarantee).
Do realise that posting the tx id and the letter of guarantee will un-anonimize you, so if you wanted to break the bond between two of your wallets, you might have to repeat the process.

BTW: i hope you already contacted helix support? I've never used helix myself, so i hope they're not a scam mixer.
4312  Bitcoin / Mining speculation / Re: Noob want's to make money... on: January 19, 2017, 02:21:45 PM
Hi there,

I'm newbie and I want to learn about bitcoin mining and I want to earn bitoin.
I want something stable way to make money. I have ability to invest $500 and I want to earn $5-10 a day,
Is that really possible?

Thanks In Advance.

$500 isn't a lot, but it might buy you a second hand antminer S7, with PSU and shipping (probably not the customs charges)... If you're lucky.

How much profit you'll make with a second hand S7 depends on your electricity rate tough.

If you have free electricity:
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=4860&p=1210&pc=0.0&pf=1&d=336899932795.80800000&r=12.50000000&er=898.46000000&hc=500

At current diff, BTC price and block reward, you'll make about $100/month... The diff does rise tough, the block reward will halve in a couple of years and the price fluctuates. So you'll probably end up making less and less each ~two weeks (after the diff adjustment, 2016 blocks to be precise)

Now, if you'd pay 5 cent/Kwu for your electricity (which is considered to be really, really, really, cheap):
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=4860.00&p=1210.00&pc=0.05&pf=1.00&d=336899932795.80800000&r=12.50000000&er=898.46000000&hc=500.00
Your profit went down to ~$50/month with the current parameters, and it'll probably drop over time.

At 20 cents/kwu (a bitter reality in a lot of european countries):
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=4860.00&p=1210.00&pc=0.20&pf=1.00&d=336899932795.80800000&r=12.50000000&er=898.46000000&hc=500.00
You'll lose about $80 each month you'll leave the S7 running... You'll lose even more as time passes.

In short: a bitcoin miner is not a magic money printing machine... In order to make money, you'll need:
A) sufficient technical knowledge to set everything up, and keep it running smoothly
B) a really, really, really low power rate... Preferably under 5 cents/kwu, altough higher rates might still leave room for profit
C) really good negotiating skills in order to get your ASICs at the best price possible
D) a cooled room with good electrical wiring and shelves away from your house (noise and fire hazard)
E) luck (both in finding blocks and not having faulty miners)
F) time to calculate and make risk analysis... Is it best to buy new ASICs, or do you want second hand ones... Are your power breakers/cables sufficient... How much heat will be produced,...
G) some starting capital
4313  Local / Mining (Italiano) / Re: Neofita e software per mining on: January 19, 2017, 01:03:43 PM
Salve a tutti mi presento ,sono nuovo nel campo del Bitcoin ,avrei intenzione di generare bitcoin ,avrei intenzione di cominciare a creare un pc,e mi ponevo una domanda:

Il software che sto usando č MinerGate che si installa su ubuntu e da come ho capito ha bisogno della connessione a internet,per ora non č un problema,ma esistono software che fanno mining senza connessione a internet?

2)Per ora il mio PC usa la CPU per il mining ,naturalmente mi serve una scheda video,quale mi consigliate,inoltre da come ho capito quello che contač solo la GPU ,quindi potrei avere anche un processore VEcchissimo ma con una scheda video buona

Please move this topic to the italian??? subforum... All posts outside the local subfora should be in English.

https://bitcointalk.org/index.php?topic=703657.0

Rule number 9
4314  Economy / Trading Discussion / Re: How secure is the bitcoin account? on: January 19, 2017, 10:59:12 AM
Hi,

We have plans to use bitcoin as an online payment system for international trade. I have been looking for the security concerns on using this payment system. I came across a video blog about the threat of botnets. http://www.storagepipe.com/blog/DDoS-Bitcoin-Brute-Force-Malware/

So, in such an event, what protection would help me? Will an ordinary antivirus protection prevent such attacks? Please share your suggestions about it.

Also share your opinion about using bitcoin for trade.

Thanks in advance.

You're missing something here... This article was TL;DR, but when searching for the word bitcoin, this was the only paragraph i found:

Quote
Cryptocurrency botnets are the newest and potentially most profitable class of malware. These viruses use the victim’s processing power to mine for Bitcoin and other cryptocurrencies

Sure, a hacker group can make a botnet, and they can use it to mine BTC... But their complete botnet will probably have a lower hashrate than a single S9, and as long as you're not part of the botnet, this should not concern you...

If you're serious about accepting BTC as an online payment system, there are different questions you should ask:
* if you want to do everything yourself, you should be asking how to program everything securily
* if you don't want to do everything yourself, you should be focussing on bitcoin payment processors (which ones have API's, legal statusses, security flaws,...)

Offcourse, getting your PC infected is bad, and you can have your bitcoin stolen, but this has nothing to do with a commercial setup of a payment gateway, it doesn't matter if your PC gets hacked and your personal bitcoins get stolen if your main concern is to setup a payment gateway.... Personal security and corporate setup are two completely different things, and i think you're mixing them up.

As for the DDOS'in part of the article: sure, if you make a service, it can be DDOS'ed, this has nothing to do with your PC's security... Even if you run a professional service from your PC (not a good idear by the way), a virusscanner will not be able to help you.
Every online service can be DDOS'ed, the only way to really solve this is buying hardware sollutions or load balancing implementations from professionals specialising in this matter.
4315  Bitcoin / Bitcoin Discussion / Re: unbearable blockchain size on: January 19, 2017, 10:44:10 AM
Hello,

As you can see here : https://blockchain.info/charts/blocks-size?timespan=all, blockchain size is growing exponentially.

Is it likely, that in few decade or centuries, blockchain size will be to big to be kept in any hardware node?

thanks

The current block size is 1Mb, so theoretically, the blockchain size could potentially grow up to 144Mb/day.
The reason why the graph looks like it's growing exponentially is because in the past, the blocks weren't filled completely.

If the block size would be increased to, let's say, 2 Mb, The graph would indicate that the size could theoretically grow 288Mb/day, but with a fixed blocksize, it would never grow exponentially. This size increase used to be a big discussion topic, altough nowadays, it seems like it's cooled down a bit. There are also initiatives like the lightning network to reduce the pressure created by the fact that the blocks are full most of the time and lots of transactions remain unconfirmed in the mempool.

It is possible the blockchain will become to big for a standard Hard disk, but don't forget, the size of the available harddisk also increases as time goes on... So, in all probability, there won't be a problem Smiley

At the moment, the size is ~100Gb, if the blocksize remains the same and all blocks are filled from now on, we can expect a blockchain size of ~625Gb in 10 Years... Current desktop PC's either have smaller SSD's, or larger but slower SATA disks... In my country, it seems like the SATA disk size of most new PC's is already 1 or 2 Tb, so this disk should be sufficient even in 10 years.
4316  Economy / Web Wallets / Re: Worried about Coinbase!! on: January 19, 2017, 07:01:18 AM
I am using coinbase beginning of the time when i joined Bitcoin industry.I can't face any problem or any critical issue about coinbase.But I am highly worried reading some post that coinbase banned user accounts without any issue.I have now 400+$ in my coinbase account.What will I do now? which one wallet is safe and secure.
Need advice, suggestion.


Pick a decent desktop wallet and move your funds away from the online wallets you use.

I personally like electrum, multibit HD and core.

Electrum and multibit are SPV wallets, so they only download the headers. This makes them fast to sync. Core will need to download the full blockchain, but in return you're actually helping the network by verifying everything yourself Smiley
The downside is that core will take up ~100Gb of diskspace (unless you start it with the pruning option turned on), and it might take days to sync initially.

BTW: if you use a desktop wallet, make sure your PC is 100% clean, make sure you pick strong passwords and make sure you make sufficient backups!!! (electrum + multibit HD => Seed words/ core => wallet.dat... Since the latest versions of core are also HD, one backup will suffice)
4317  Bitcoin / Project Development / Re: What king of faucet will be popular? on: January 19, 2017, 06:46:00 AM
examplens is right IMHO. I'm currently developing a faucet, but i didn't add anything "special".
Personally, i feel a faucet is used by surfers who just want to claim free BTC (but didn't make a calculation about how much they'll gain per hour of "working")... Usually, they don't care about anything else but getting free BTC. So everything that makes it harder for them to do this, will make a faucet less interesting, everything that makes it easyer to receive free BTC will make it more interesting.
4318  Economy / Trading Discussion / Re: Tumble Coins for free on: January 18, 2017, 12:04:13 PM
Thanks! This information was really helpful. It seems like with the fluctuations, transaction fees, and also the amount limits and verification measures, it might be easier and more cost effective to go with a tumbler that charges 1% fee. Do you know of any reputable ones? In the past I've used helix, but their fee's are high (2.5%).

I've used the one in my signature a couple of times, IIRC, their fee started at 0.5% + 0.0005BTC. There are a couple other trusted ones around to, but i've never used them.
The fact that i've used them without a hitch does not mean i completely trust them, nor that i'm completely vouching for them... It just means i've used them and got my coins back with a good taint analysis.
4319  Economy / Reputation / Re: The BCT PGP/GPG Public Key Database: Stake Your PGP Key Here on: January 18, 2017, 10:59:07 AM
fingerprint:   B455 831A 61A9 A934 0099 14CD 6A7C AD19 3093 FF54

Code:
-----BEGIN PGP PUBLIC KEY BLOCK-----
Version: Keybase OpenPGP v2.0.62
Comment: https://keybase.io/crypto

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Quoted that for you Smiley
4320  Economy / Trading Discussion / Re: Tumble Coins for free on: January 18, 2017, 09:37:04 AM
This is more along the lines of what I was thinking, but coinbase doesn't want you sending the coins to another exchange either. This is why I was thinking: Buy the bitcoin on coinbase, transfer to another wallet, then transfer to another exchange and swap the bitcoin for altcoin, then back to bitcoin. The issue that I have here is that I don't have any experience with other cryptocurrencies.

Long time since i last traded BTC to ALT on exchanges, but does the exchange use the inputs they got on your deposit address to generate outputs to your withdrawal address (the answer is no IIRC)? If not, there is no need to exchange the BTC to an ALT, the ALT to BTC and then withdraw the BTC from this exchange... It would be exactly the same as depositing BTC and than a couple hours later withdraw the BTC again... You still have:
  • transaction fees
  • deposit fees
  • withdrawal fees

If you really want to break the bond completely, you should
Buy on coinbase => transfer to a desktop wallet => deposit to exchange A => trade BTC to an anonymous-centered ALT => withdraw this ALT from exchange A to the deposit address for this alt on exchange B => on exchange B trade the ALT back to BTC => withdraw the BTC to a second desktop wallet => send the BTC to LBC

If you have criminal intention, you should even do this over TOR/proxy/VPN, even a different method for each step Smiley

And some mixers actually have way less fees than the 2.5% you mentioned, so it might be a lot easyer for you to just use a trusted, cheaper, mixer, and just give 1% service fee + a transaction fee...
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