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It contribute, because it costantly relay the blocks and the transactions. Since it's a p2p network, the more active nodes there are, the better. You are another node with a full blockchain on the network, one more from wich everyone can get blocks.
As for YOUR bitcoins, make sure you backup and protect your wallet.dat file
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And? Very few ppl know how a credit card really work, but still everyone use it.
No need to know everything about bitcoins too to use it.
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Wonderful news! You should post this in the main forum  And i quote Jack of diamonds, being able to spend by using bitcoin is very nice, much much simpler than having to use a credit card or paypal or what else |
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Maybe if we put up a 2000 or 3000 btc bounty someone will fix this...
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It should definitely be changed
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Lol, look at the photo, it's Mr. Fusion!  Even the "Home energy reactor" writing is the same  |
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its true, all about perception.... why does no-one put "1,2,3,4,5,6" as their uk lottery numbers? it has just as much chance as winning as any other combo of numbers up to 49!!
bitcoin has a way better chance of "paying back", plus everything WE do to encourage people to trade in bitcoin only improves the "chances"!
All for fun
Jon
Only an idiot would put 1 2 3 4 5 6 Why? A lot of ppl put 1 2 3 4 5 6 so if that combo is the winning one you have to divide your prize with all that put that combo. Since the chance is the same, it's clever to put ANOTHER combo, one that no one put As for ppl wasting money on lottery...well you cannot expect clever things like investing in bitcoin from ppl who waste tons of money on lottery |
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(hell.. if I owned a major international bank, I would budget at least $100MM to kill this very serious threat - if not much more) Do you realize that 15millions of $ are enough for a 51% hashrate attack? |
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I read somewhere on these forums (or an article) that Bitcoins could even be sent via smoke signal. All they are is a code, so in theory one could transfer that code in a million creative ways =)
Only bitcoins? Ahem... everything digital can be sent via smoke signal and is a code. A binary code, 0 or 1. Every computer work with 0 and 1, that's the fundamental point of the digital signal theory So you could make a computer what work via smoke signal if you want... sure it will be a bit slow... |
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Having poker players using bitcoin would be very nice!
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Piccola riflessione: se caricassimo il file compresso con 7-Zip criptato con password AES 256bit da 12 o 16 caratteri su un server? O criptato con Truecrypt. Cosa state aspettando? Inviatevelo via email su ogni indirizzo che avete. Gmail, yahoo, msn. Se avete msn mettetelo anche su Skydrive. (e ricordatevi la password) 50 bitcoin in un wallet e nessun backup valido? Follia. |
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I don't think it revolves around bitcoin either. However bitcoin now has more processing power than the combined processing power of the top 500 super computers. If this trend continues at even a fraction of it's current rate I doubt the argument would still hold water in as little as a year's time.
If the price trend continues, something that could easily happen with the advent of proper simplified cellphone to cellphone payments, then I would argue that it follows that mining interest would again peak.
As far as JP Morgan is concerned, if something does not stop bitcoin it is the end of the road for them, finish, kaput, klaar.
Made either of cpus or nvidia gpus. None of these "supercomputer" is good at mining. The bitcoin processing power is worth 15 millions $ or less (money required to buy enough ATI GPU and computers to have the current hashrate). Much less than a single supercomputer... |
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Of course, many miners will call it quits. Profitability MUST fall in any competitive industry over time until the rate of profit mirrors the capital costs and risks associated with continued operations. Given the fact that some people can mine without paying electric costs, I expect them to be the long-term miners.
The "amateur miner with his video game gpu" is a temporary phenomenon. If BTC prices skyrocket again, this process is drawn out further, but it must return to average profit rates of business.
Remember that videogamers buy the GPU to play, mining is an extra. While miners buy their GPU to mine. So gamers have to calculate only electricity used by mining in their expenses (because they would have a good gpu, bitcoin or not). |
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The 1000 serie doesn't support opencl (and cal and whatever gpgpu, it's too old), too old.
So, no mhash at all.
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by 2020 i herd we could start seeing simple quantum computers, if that were to happen it could start to be a problem of people cracking you wallet files from public keys.
Let me guess, you think a "quantum computer" can do everything just because it's "quantum"? Go learn about shor's algorithm http://en.wikipedia.org/wiki/Shor%27s_algorithm |
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Is it the thread where ppl insult windows cause they think it's still windows 3.1?
First you call windows a trojan and now you say that you just want to know why ppl use closed source.
In page 3 you will again change the point of the thread?
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Some other genius can come out with a new crytocurrency. Most people on this forum at least are willing to try something new. Maybe in the next five years a new bitcoin competitor comes out. Also with bitcoin most likely not upgrading to SHA-3 then there is a pretty high possibility that it gets cracked.
No. |
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Bitcoin has dropped occasionally down to 10 USD, but is remaining stable around 10 EU. Is 10 a psychosocial number for BTC? If this is a trend, then why is it significant? What other numbers will be significant?
Yah whaa? Been well above 13USD all today while I've checked it. For your information 10 EUR is 14.27 USD, which is where the Bitcoin price has been all day by a margin of only 3%. It may be a psychological level. Miners may not want to sell below 10 EUR, and buyers don't want to buy above. Maybe americans still think that 1$ is 1€... |
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Prison.
Why? Well you must buy the bitcoins and the money that go from the credit card to the bitcoin exchange can be happily traced. So it's clear that it's not bankrupt but fraud and there are proofs
Sure, they then won't be able to take the bitcoin from you (you encrypt the wallet and everything) but you still go to jail.
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