I don't get it how these developers make a profit by referring people to mine their own developed coins?
You may be trying to say that developers mine some coins first before they publish it that's pretty common those coins are mostly churned and burn once the coins gain value on the market developers who mine lots of coins will sell all mined coins and eventually die.
Also, if it asks for KYC that's not a good project better avoid them because most of them are just collecting KYC data from people that can be used later not only for selling the data but also can be used for scamming purposes.
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All useful links are already in this section you don't need to make this thread because this section already has sticky threads for newbies like you, you should read them first before you make a thread number one this " Newbies - Read before posting".
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Did you let it run first for a few minutes? The image shows it only has around 19TH/s is that your miner's current hashrate?
That's weird if that is your current hashrate it might be a bug. Would you mind switching to other pools to test and try to switch it to performance mode? Also, try to factory reset the unit first and update here with new logs.
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It seems that this wallet does not have a seed phrase function they said it's a non-custodial wallet and you have full control of it but the fact is their wallet does not produce a seed phrase. Why do people trust this wallet?
For me, I can't trust this wallet all your funds are stuck there once the wallet server is down or closed, another thing is they are using .xyz domain which is a $1 domain most of the .xyz domains that I know are made only for scamming/Churn&Burn purposes. I also reviewed their site, and they never fix some pages with 404 errors it seems they don't care.
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I had a few ASIC units before including D3 I made some profit before with SHA256 units but for D3 I regretted buying this before it never made me any profit. Currently, I sold my units because it's not profitable anymore and also due to financial issues. I was planning to try new units but until now with the current electricity rate it is still not profitable I don't know if after the block halving, we will see it become profitable again just like before.
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Thank you for the response. I understand what you are saying. Is there any way this could be prevented? If we could resolve this issue Bitcoin could be amazingly fast.
Merchants or people out there already have a solution about this. To prevent or to avoid this issue as a receiver or a merchant owner who accepts Bitcoin always keeps waiting for 3 confirmations before you release a product or anything in exchange because most transactions with 3 confirmations are irreversible even a transaction with 1 confirmation can't double spend but for safety always wait for 3 or 4 confirmations.
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That video was published in the year 2021 today is 2024 mining with GPU with Bitcoin might be possible but most pools only accept hash rates with 1gh above hashrates below 1GH are most likely to be rejected by pools so it's not worth mining with GPU even mining altcoins is not profitable and it is also depends in your current electricity rate. Bitcoin is worth mining with ASIC units check this link below to find which ASIC unit is profitable to mine BTC don't forget to use term "sha 256" to sort all ASIC units that can mine Bitcoin and then enter your current power cost. - https://whattomine.com/miners
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What I mean is this unit does not support ASICboost so if you mine on the pool that supports only units with ASICboost the unit you have will not work.
About this unit Avalon 1047, does not have ASICboost feature you probably looking for firmware that has the ASICboost feature but I can't find any tools or firmware to enable it.
Are you trying to set up your own pool with an open-source Yiimp pool? Try to ask this on their Yiimp GitHub page and maybe someone can point you to or help you with this case or maybe they know how to edit a few codes on the Yiimp pool to support units with no ASICboost feature.
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which stock firmware?
Be very careful of looking for custom or modded firmware I heard some miners who flash modded firmware to Whatsminer units and now its bricked and can't able to revive. That is why stock firmware is recommend you can find it from the link that I provided above but make sure to check the current version of your unit before flashing to the latest version.
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Thats not enough proof it's just an email you need to provide a TXID or a transaction link if you deposited to any of the addresses they provided via email. If all conversations are in Gmail how did you trust them with that big amount? I can't even access their site so it's weird how you contacted them.
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Maybe the pool where you trying to mine with your unit do not support non asicboost units so you can try to mine this coin on other pools then update here. Check other pools listed here https://miningpoolstats.stream/deutscheemark
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The site is inaccessible and it is 6 months old site. I can't seem to find more info outside this forum about this site. There is already a thread about this that talks about stuck withdrawal you can check this link below - https://bitcointalk.org/index.php?topic=5459628.0Do you have any proof that you deposited on this site so that we know if you actually using the site or promoting it here because there are a few newbies here talking about it but their issue has never been solved but keep mentioning the website here on the forum. And take note if you sent a crypto to them the transaction is irreversible so I don't know the Payback. ltd will be able to help you with the deposited amount.
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Do you know any way to recover my Bitcoin?
There is no way to extract or export the seed phrase backup from Trezor that's impossible Trezor will warn you after during wallet creation that never lose your seed backup if this backup is gone you won't be able to access your wallet ever. The only thing that I think will work is if you can still access your wallet offline and maybe you can able to make unsigned transactions and sign the transactions on an offline device this might work if your Trezor already has access to that device before(I mean wallet file created with your Trezor data).
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To put it simply, I developed a mint inscription tool, and then they donated about 5,000 transactions to me, and each transaction was (2000 Satoshi). Now I find that I can't get these Bitcoins because I need a lot of gas. This is a cost I cannot accept That's a lot of transactions I don't know if you can withdraw or send them in whole amount or I guess your total amount will not be enough to pay the transaction fees with the current network congestion. Just weird that you talk about gas fees because these terms are only used in Ethereum, not in Bitcoin. Would you mind to tell us what wallet you currently use?
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We shouldn't blame the admin for removing Mixers he just wants to make the forum clean and safe.
Why worry about them their forum is not yet the same as Bitcointalk which has more impressions than this forum. There's no problem for any forum users to teleport there since we can be active here and there(I myself am actually more active here than there). And I agree the campaign rates there are pretty low and not so active unlike here on the forum.
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I don't think these tokens ORDI and SATS making transaction fees rise if you check the chart it is just a roller coaster of ups and downs but yesterday and a day ago as you can see it also pumped but the transaction fees are low around 36sat/vbyte.
There might be other reasons why transaction fees increase I think most nodes right now change their minimum relay fee to higher to help miners earn more incentives?
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The public key turn into a private key to verify the signature. Still not clear on my cognition, but I understand the concept. Both priv key and public key created 1 way encryption that can be verified for the public key but I still dont see how it can not be attacked by fake priv key mix
No, a public key will not be able to turn into a private key it's a one-way function the process looks like this below Image source: https://sherminvoshmgir.medium.com/cryptography-blockchain-part-2-eb57ebb778d6The algorithm that Bitcoin uses is the Elliptic Curve Digital Signature Algorithm(ECDSA) to retrieve the public key/bitcoin address from the private key It's a one-way function that can't able to reversed.
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Admob is an advertising platform if you create an app or games you can add banners or interstitial ads anywhere in your app.
Try to download some free games from the Play Store so that you can familiarize what it looks like. Usually, you can see these banner ads on the top or at the bottom or interstitial ads popup every time you get free coins or it automatically pops up every 3 minutes of playing the game.
And a bit of correction if you own the app and click every ads in your own app it's not counted Google won't pay you if you are the one who clicks it you should bring traffic to your app and naturally earn from impressions(CPM) and clicks(CPC) and a I think a bit of commissions.
So what he said.is true but I think it would be better if you are going to take the offer from your friend make sure the ads banners and interstitials should be your own account, not from him.
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