GOOD LUCK OP!!!
Keep us updated on if you win a block! I'd love to hear you did!!
I'm getting one of those sidehack stick; https://bitcointalk.org/index.php?topic=995675.0Maybe i'll use it as a lottery ticket  They use even less electricity so running them on unpowered USB should be a-ok! Great Idea, you aren't just gambling but supporting the independent miner maker and all the work he has done while not wasting much electric per stick! Yep!  The electricity cost is absolutely minimal and there's future project from Sidehack i would like to see to completion. I guess it's a bit like kickstarting him except i get a little something from it now. I could also mine a few cents a week with it i suppose haha xD |
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Nevermind that Satoshi isint necessarily a person. It could be an alias, or a group, a compagny, a government... etc...
Members of Satoshi could already be here on the forum posting about possible solutions.
The creator is not necessarily better since this is a system based on decentralization, that use consensus.
Asking a single person to "fix everything" pretty much throw everything out of the window...
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Sure, you're a moron.
Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.
what do you mean? The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in. The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting. And how can a stock trading via blockchain work without a vital blockchain? It does work with a proper accounting system, the blockchain is a different, newer type that draw attention. What are you trying to say? such a system can not be just as efficient as a dezentralized blockchain with miners How so? Ever heard of Proof of Stake (PoS)? All they would need is nodes and the system isint less usable if centralized... Its security would become a sole responsibility, just like the bank system is now. Or they could integrate the technology in other system. They arent trying to copy paste the code and using it. They are interested in its Concept. ok now i understand the concept of ripple. anyway what are the advantages between a such centralized system? if the bank get insolvent how can the network still longer work? The federal bank with its own currency will just print more money and cause inflation. If it went insolvent it'd be the same whether its local currency or blockchain technology and they could just want to use it for the local currency too. And if they are centralized it wont really be a network either, in comparison to blockchain coins. It would be similar to how it is already. Again they probably arent trying to use the code as is. Its just advanced method of putting transactions into a ledger with high integrity and solid verification and tracking options. |
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Most people don't spend their Bitcoin because they view it as an investment, and don't want to lose future value. Once this goes live, people will finally be able to spend their Bitcoins on other investments, and can continue to see their value grow without being forced to hold.
No difference for me. I will continue investing my BTC earned into generating more BTC. I am not sure how much upward pressure that project would bring but it otherwise doesn't change anything for a small miner like. |
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This is interesting. If you can get a lot of income on BTC you can retire early and enjoy life early.
Just invest what do you think you can afford to lose since nothing is sure in the future.
Risk/reward is currently better in bitcoin than in stocks, bonds, commodities and houses. What else is there out there to invest in? Literally? With real estate comes with land. There is also Development and Technologies. And investing in banks at most interest rate is usually a bad choice, since you you would probably lose more with the inflation than you would gain in "interest". Risk/reward ratio can not be calculated, not even after the fact. You have to assess the possible reward outcomes, and assess the risk of each, yourself. Do you think real estate prices are static? See here: https://en.wikipedia.org/wiki/Real_estate_bubble#2007:_Many_CountriesI do not think they are static at all. They tend to go way up in high traffic areas, like where i live. They have kept going on steadily for the past 20 years. Up enough to be huge investment return. This is not true everywhere. Or always. Anyhow i was just merely adding it as an option for investing. Proper investment in critical populated area is probably a safer investment than BTC. But BTC has much more potential, imo. If you rent your real estate, it's a bit like mining Bitcoin, too. But the rent value probably wont go up or down much, unlike* Bitcoin! |
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a question, I have 4 x s5, yet I could find a block of this pool?  You would have 8x the chance of my one S3+ solo mining here for the summer.  "Could"? Definitively, of course. You could with a block erupter, or could CPU mining too. "Will" you? Maybe, several time more likely not than yes. marvykkio would earn a few BTC if he mined normally in a pool... Going solo sound like gambling to me. |
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Maybe it is also a clue about Satoshi's mysteries?  Well... You can look at it in two ways: 1. Satoshi must be from UK since he used the UK times. 2. Satoshi is not from UK, since he would never use a paper from his home country, since it would be easier to guess his identity. So bottom line, the newspaper provides no useable clue. Speaking off Satoshi, I think those analysis made, where someone found correlation in noun spectra for the first 0-50000 blocks is really interesting. The statical information could be used to make a "good guess" on how many block rewards he actually claimed. Another interesting thing, the first blocks mined (especially block 0), is much more worth than 50 BTC, these virgin coins could properly be sold on auction at a much higher price. Naw i didnt mean it literally/simply like for a location of where Satoshi is from. Just a piece of the puzzle or words in the articles etc. After all, this is cryptography and developers often love adding "easter eggs" to their projects. So why not a Crypto easter egg? |
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I have a family to feed and monthly expenses. I cannot quit a day job and pursue a bitcon dream. I would love working for a bitcoin related company and be paid regularly in bitcoin. Sure on a bi weekly basis, it doesn't matter if its a bitcoin job or not. As long as you're getting your conversion to fiat somehow. It would be unwise for most people to leave their day job solely because of the job security and benefits that it provide. Its hard to say where bitcoin will be in 1-2 years and even though unlikely, it could collapse rapidly and then you'd have to find a new job |
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Sure, you're a moron.
Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.
what do you mean? The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in. The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting. And how can a stock trading via blockchain work without a vital blockchain? It does work with a proper accounting system, the blockchain is a different, newer type that draw attention. What are you trying to say? such a system can not be just as efficient as a dezentralized blockchain with miners How so? Ever heard of Proof of Stake (PoS)? All they would need is nodes and the system isint less usable if centralized... Its security would become a sole responsibility, just like the bank system is now. Or they could integrate the technology in other system. They arent trying to copy paste the code and using it. They are interested in its Concept. |
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Wow i never knew the history behind block 0. This is another one of those "damn i wish i had a time machine" moment. Maybe it is also a clue about Satoshi's mysteries? |
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Je ne veux pas arnaquer non plus, mais je pensais que ca aurait une valeur un peu plus importante quand meme
Haha désolé. Il y a toujours l'option d'essayer de les vendres sur Ebay et esperer que quelqun l'achète. |
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Sure, you're a moron.
Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.
what do you mean? The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in. The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting. And how can a stock trading via blockchain work without a vital blockchain? It does work with a proper accounting system, the blockchain is a different, newer type that draw attention. What are you trying to say? |
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You few last posters; Mastercard AND Paypal keep an additional 2.5-3% to the user when converting from a currency to an other. That is not negligible and i was able to avoid, with bitcoin, very hefty conversion rate while trading with odd currency and a fair % on CAD/USD conversion.
For example while i used my CC i had a conversion rate of 0.74~ CAD/USD instead of the real conversion rate which is 0.77! You want to transfer 600$ and they keep almost 20$.
There are tons of small semi-hidden fees like that...
No idea how to get around that with a card. I have set up my Paypal to use dollars since that is what i normaly need when my own currency is no good. Then i get away from the fee when i send to someone. If i recive money trough Paypal it is also in dollar and i can send it to my bank who convert it much cheaper but not free. Yet.... ...there are still many cost related to using a credit card! Proper use aside, it is also a tool that let you easily overspend and "lose" even more money on interests and again on all those fees. The average use of mastercard comes with interest, since in marketing, the temptation of getting something "now" even though you will have to eventually pay more is rampart. I wouldn't lending BTC is any better however, especially with how easy it is to run away with BTC. Using a credit card on a "buy now pay later" scam or getting another card to cover debt from the first are known issues... Just as with bitcoin you need to know what you are doing. Well yes, and it is also harder to control. Those known issues are intended and perpetuated by the banks to hook the citizens. It would be harder to do on Bitcoin. This is a great video that simplify the issue for most people to understand this concept; https://www.youtube.com/watch?v=mII9NZ8MMVM |
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This is interesting. If you can get a lot of income on BTC you can retire early and enjoy life early.
Just invest what do you think you can afford to lose since nothing is sure in the future.
Risk/reward is currently better in bitcoin than in stocks, bonds, commodities and houses. What else is there out there to invest in? Literally? With real estate comes with land. There is also Development and Technologies. And investing in banks at most interest rate is usually a bad choice, since you you would probably lose more with the inflation than you would gain in "interest". |
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You few last posters; Mastercard AND Paypal keep an additional 2.5-3% to the user when converting from a currency to an other. That is not negligible and i was able to avoid, with bitcoin, very hefty conversion rate while trading with odd currency and a fair % on CAD/USD conversion.
For example while i used my CC i had a conversion rate of 0.74~ CAD/USD instead of the real conversion rate which is 0.77! You want to transfer 600$ and they keep almost 20$.
There are tons of small semi-hidden fees like that...
No idea how to get around that with a card. I have set up my Paypal to use dollars since that is what i normaly need when my own currency is no good. Then i get away from the fee when i send to someone. If i recive money trough Paypal it is also in dollar and i can send it to my bank who convert it much cheaper but not free. Yet.... ...there are still many cost related to using a credit card! Proper use aside, it is also a tool that let you easily overspend and "lose" even more money on interests and again on all those fees. The average use of mastercard comes with interest, since in marketing, the temptation of getting something "now" even though you will have to eventually pay more is rampart. I wouldn't lending BTC is any better however, especially with how easy it is to run away with BTC. |
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Sure, you're a moron.
Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.
what do you mean? The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in. The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting. |
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PoS encourages hoarding rather than using the currency. This means that the biggest users don't necessarily want to use their coin to see uncertain growth, the natural growth of their coins through staking is enough. PoW, on the other hand, usually means that the currency has to be sold to break even with electricity and miner costs. The mintpal hack: https://www.cryptocoinsnews.com/mintpal-gets-hacked-pos-vericoin-fork-result/ showed another problem of PoS coins. It is a lot easier to suddenly out of nowhere spring up with a large amount of PoS coins that you've been buying, the exchanges are fairly open. On the other hand, suddenly creating mining power to disrupt the Bitcoin network seems harder. So overall, I think the weaknesses of PoS are that by very design, it seems counter-intuitive to community growth and also, it can be dominated more easily if one centralized party holds lots of coins at any point, as compared to PoW where it is not as easy to gain control of the hashing power. What prevents someone from stealing million BTC from any exchange ? I don't see how PoW prevents this. With decentralized Asset Exchange like NXT trade.secureae.com problem of stealing from exchanges does not exist. BTC pump of 2013 - 2014 shows that mined currency does not have to be sold and can be hoarded too. I still don't see compelling arguments in favor of PoW. Well there is one. In the creation of a currency, something with a value is brought in. It need to have a cost for its creations and to then be based on something. Like gold, it has a value, oil, diamonds and... electricity. Having a cost to its generation provide to its value. |
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You few last posters; Mastercard AND Paypal keep an additional 2.5-3% to the user when converting from a currency to an other. That is not negligible and i was able to avoid, with bitcoin, very hefty conversion rate while trading with odd currency and a fair % on CAD/USD conversion.
For example while i used my CC i had a conversion rate of 0.74~ CAD/USD instead of the real conversion rate which is 0.77! You want to transfer 600$ and they keep almost 20$.
There are tons of small semi-hidden fees like that...
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aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way
it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag
real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d
Ok, did anybody try really wide distribution without any scam ? You would have to check ripple; http://coinmarketcap.com/currencies/ripple/It's a weird coin so you would have alot of reading to do. It was 100% premine i believe and is being distributed manually to prevent this among other things. It is the #2 market cap coin so this is probably the closest to do what you're talking about. |
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just found us a block 25 minutes ago  Oh my god, a 59% block. Surely the pool must be broken! Any idea why these big fish leave? If they would stay it would be a 5ph or larger pool. We are still over 100% long term and top notch code and service. Just don't see where they can do better, I think anything over 100% luck is best you can do compared to the pools you have to choose from. Unless they usually solo mine, just don't get it.
Any insight anyone?
I wonder about this as well. They would receive a majority of each block reward at this pool, so the payouts would be larger (but less frequent) than if they were at one of the big Chinese pools. I would love to hear from them and know what their strategy is for where to point >1PH. With that much gear running I'm sure they have to maintain a pretty decent amount of btc incoming. Maybe with that much hash, you can't take any variance and need x amount daily to pay the bills. But even with variance, you still need to be at 100% to cover your costs and the big pools are between 98-102 on avg. Over a 30 day period I think you would do good on a smaller pool and help get the hash out of China. I will never mine a China pool, I don't have much hash but if all the under 100th guys mine smaller pools then we can make a dent to decentralize. I am pretty sure they would be fine, if a good portion of them pointed their PHs to a single solid pool outside china. I also pretty much doubt they need 100%~ on a daily basis. Big business seldom roll on a day to day basis. |
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