In Canada they don't have this type of stimulus, they got some government programs to help however you can only apply to them if you lost your job due to covid19. The stimulus cheques in USA were sent to pretty much everyone correct? Whether you lost your job or not. I think the only requirement was that you filed your 2018 or 2019 taxes.

This doesn't make sense because they would of been better off just sending it to the people that need it. The people who lost their jobs and need money. For the ones who are still working and spending their stimulus on big screen TVs doesn't make sense. In the long run it hurts the economy more due to massive inflation.

If it was regular RandomX he would just go on Nicehash and rent tons of hash there no problem. He says its for some modifed RandomX algo. So its possible its another coin however what is the difference between his randomx algo and the regular algo? Most likely the modified one is much quicker.

So someone has an advantage here and they want to lease as much CPUs as possible to take advantage. However the smarter thing to do here would be just to release a closed source miner and charge a miner fee. If the speedup is large enough then many people will switch to the new algo because it wouldn't make sense otherwise.

You should actually try and put them on Craiglist and see what happens. I've been slowly getting rid of my GPUs on there and basically sold an average of 1 every month or so. However with this covid19 mess all of a sudden I quickly sold 5x as much in a single month.

Basically most people were buying them for their kids to build a gaming PC to keep them occupied. The prices haven't really gone up but at least they are selling quicker and might be a good time to sell any 4GB you got laying around.

The only issue I see you running into right now is that you are probably outside of your home country and creating an account on Coinbase might be difficult if they detect you are trying to create an account in one country while residing in another. I heard this was an issue with some people.

If you already have an account then it shouldn't be an issue. However on their end its a red flag when someone tries to open an account and the origin of the country is from somewhere else.

So you might actually just use Swift instead, will take longer but you won't run into this issue.

The issue right now is all the money that the fed is printing and how it leads to huge inflation. Hence why people are buying stocks because their cash is going to become worth less in the near future.

With bitcoin and its halving coming up its the complete opposite of cash. So I believe him in that regard. However the $1 million price point is just out of hand even in 5 years. I think if we even hit 6 figures that will be considered a great price.

Right now we just need to break the ATH set in 2017 and then the retail market should start to invest and the price will accelerate quickly.

The general retail market will probably ONLY buy bitcoin if they see it break the ATH. Right now most retail traders are all buying (or shorting) the wrong assets.

One example can be Oil. There have been tons of USO stocks purchased in the last month or so. Because retail people think, "it must go up!" however its a contango and doesn't work well in bear markets and doesn't fully track the price of oil.

Another is shorting SP500 when they should of longed. Many lost 100% of their money because they bought expensive Put contracts on the SP500 betting it would go down. Employment numbers are horrible but stocks are still going up but people are still shorting it and losing money.

Hence with bitcoin, they will buy when its too late.

It seems that there is some modified private miner for XMR because I believe this is the 3rd person in the past couple of weeks that I noticed that is offering to pay more than market rate for CPU mining.

Fortunately renting any type of AWS will cost more than profit made so hence why he is asking for private miners. The issue with the previous threads was that many people didn't want to run private executable files because they are worried about security.

Like I said in the previous threads, you should just release a closed miner with a fee  and you could make more profit that way instead of private mining.

Well according to,

https://etherscan.io/chart/hashrate

The hashrate is completely constant so most likely he has some 4GB GPUs and he is getting slower speeds with them due to the DAG limit being hit on the 4GB cards.

Like it was discussed in this thread many times, nothing to do but downgrade to Windows 7 or Switch to Linux or sell the 4GB and buy a 8GB instead. However most likely due to the low profitability nobody will want to go thru the hassle of doing that.

Thanks for the reply. I checked my version and it was after 2.7.9 so its not affected by this bug.




Why is it that in the release notes (for version 3.2.0 - June 30 2018)  it says to upgrade both the online and offline versions because there will be compatibility issues. Something about the partial transaction format has been changed.

I actually checked my transaction history and back in Jan 2018, I actually was sent a Segwit transaction. It was when I had to upgrade my online version because I couldn't get it to sync properly. Looking at the raw transaction details it has the 0x0001 bits and it contains witness data according to the block explorer. This input I also resent in the past without any issues. So it seems that even with the old version I can still receive Segwit and send those inputs without issues.

Well there are actually "some" that are buying bitcoin with their stimulus check, the coinbase ceo twitted this a few days ago,

https://twitter.com/brian_armstrong/status/1250907110730170370

Basically he posted a chart which shows deposits in an amount similar to $1200 spiked about 4x during the last few days. So its either a coincidence or people are investing their money in crypto. Kind of like Costco had big screen TVs at exactly $1200 last week.

This reminds me of when Claymore had to add passwords to his miner software because it was very easy to find people who were actually miners and had an open network and didn't use a password. So people would basically scan a network of IP addresses looking for the remote manager port and if they found someone they would quietly change the server info.

In 2017 this was a big deal because back then if a hacker took over someone's rig which had 5+ GPUs, that was maybe $20/day of profit per rig. So if it was unnoticed for a while looking at their pool stats the losses were pretty huge. But Claymore quickly took action and disabled any time of modifying from the remote manager unless a password was set.

So I am surprised there are these issues still arising these days.

Most people that "invest" which is pretty much most people who got some type of retirement fund, never actually do the trading on their own. They basically get some financial company to do it for them. They don't even care which sector they invest in. For most they won't see the money for decades so they don't really care what they are buying as long as it makes them a profit in the end.

Traders are different. They take their own trades and do their own analysis. However most of the time they are new and have no idea what they are doing. And they usually want to make money quick and fast and they jump back and forth in and out of the market which is a receipe for disaster. Hence why they lose money. Long term investing just takes too long and they rather day trade but most people can't handle trading on such small timeframes.

Looks like its located in Cyprus, generally any broker located there is considered a bucket shop exchange. What bucket shop means is that when you enter a trade, its not sent on the open market, they usually take the other side of the trade. Sometimes they hedge to reduce exposure however they goal is that most people lose money trading that they hope your account will go to $0.

So if you make little profit or lose money, you won't get issues with the broker. The issues arrive when you make something like $>10000 and you try and withdraw. Usually they find some way not to pay you. Hence you should just avoid these exchanges all together. Use something like Binance or Bitmex which doesn't scam people.

Thanks for the reply.

The cold storage version is 2.7.xxx or so. I remember I ran into an issue where the online wallet wouldn't sync anymore and I had to upgrade to get it to fully sync. Surprisingly using version 3.x still was able to get signed in version 2.7.xxx so I just left it as is.

So you are saying that even if I receive a segwit transaction I can still get it spent with this version since it will send it as a legacy transaction? I am a bit confused here.

Here is the issue with your charts. The first support was already tested and created a wick and went up from there. So most likely it won't provide support again a 3rd time. And when the first support fails, most likely the remainder 2 won't hold either. This is generally what I found when trading bitcoin from the last couple of years. Whenever there is some obvious support level, it usually never holds. It either comes close to the level, doesn't touch and start to go up from there. Or it just breaks the level completely.

I still think that level where we had the massive crash which was around $8K or so will be a huge supply level. Most likely we will retest this level eventually and we will see how it will react to it. However I think its mostly up to the equity markets. Whether they rally or not. What is going on with the oil markets is not helping the equities and it also isn't helping the crypto markets. And this coronovirus is showing no signs of slowing down or flattening the curve at all.

When you are gambling at any site such as say Dice, there is always a house edge but its not the house edge that makes most people go bust. Sure if you take enough rolls its always against you in the long run. The reason why people lose all their money is because they usually try and martingale their strategy.

Martingaling is when you double your bet on a lose, its a great system because if you are playing a game such as "Head or Tails". When you get heads, chances are the next flip will be Tails, correct. Hence if you lose 5 times in a row, chances are the next roll will be a winner. So people do this and what gets them is that eventually they run into +10 losses and they no longer have the account balance to keep betting. And the reason why this happens is due to statistics and probability. I think I had like 12 losses in a row which cleaned me out maybe a few months after I started with dice. It can happen sooner or later but it always will. Sometimes you get lucky enough to double your account this way but for most people they end up losing their balance. This is how gambling works.

I don't think its considered like short term investing. Honestly short term investing means more like day trading cryptos or stocks. And what usually happens to most people that short term invest? Unless they are extremely lucky and catch the bottom most 98% or so lose their money due to greed. Look at what happened with the stock market and oil markets. Most retail investors were long oil and short S&P500 and the complete opposite happened.

With bank-roll investing is more like long term investing. Basically like buying a stock like APPLE and hold for 10 years or buying Bitcoin and holding for 5 years. Chances are you will most likely make some money, however at a very slow pace. So there is some degree of risk but its pretty low compared to anything else. Sure you can leave it in your bank account and pretty much get nothing for it. Nothing else out there which pays you more for less risk. So its a good investment in my opinion.

Dual mining was very profitable during 2017-2018 because there were not ASICs back then. The reason why dual mining was possible was because the GPU actually stays idle the majority of the time and it's the GDDR that does most of the work. So claymore figured out if there is some algo out there that doesn't require tons of memory like ETH or ZEC or XMR then it's possible to dual mine like DCR SIA and PASCAL.

Issue with this is that it's very easy and cheap to design an ASIC which is much more efficient. So you basically have one ASIC that is maybe 50x the speed of one rig. Hence why the days of dual mining are done. Since the ASICs took over and not worth mining at all these days.

Looks like the site redirects to poker.co.ag but there is a direct link from Poker.com

Honestly it looks like a poorly designed site given the valuable domain name "Poker.com". The instructions given are very poor and there isn't much info about KYC. I am assuming since Poker.com uses merchants so will Poker.co.ag and most likely if you attempt to make a withdraw you will be forced to KYC. Similar to what happened with the pornhub casino.

Its also confusing because it says you can use Electrum or Blockchain.com as your wallet and you use a credit card or debit card to buy the bitcoins and load them on the wallet. As far as I know you can't buy bitcoin with credit card by Electrum. They should of just used Coinbase or Gemini as an example instead.

Either way, poorly designed but they will be successful due to the domain name alone and will get traffic.

Basically I am an old timer using an old version of Electrum.

I got my Electrum fully sync'd up until my last input for all my wallets. And haven't used it since. Sometime a year ago or so, I heard that if you are using an old version of Electrum and you receive a Segwit transaction then it won't be possible to have that transaction signed on the cold storage system due to a different signature format.

I know about the phishing attacks and such but they are not an issue because I don't connect to any servers, I just got the wallet sync'd to the last block which had my last transaction so I can create a new transaction, sign it offline and broadcast it by a block explorer.

So from what I understand there are 3 ways to tell if its segwit or not.


1) Is by looking at the Sat/Byte and Sat/WU. If there is ratio of exactly 4, then its not segwit. Basically something like
4 Sats/byte and 1 Sats/WU ?

2) Is by looking on the block explorer at the inputs and if it says N/A under Witness.

3) Looking at the raw transaction and checking the 5th byte and if its 0x00 then its Segwit and if its anything else then its not segwit?