What about a person who actually needs to potentially spend his bitcoin from two (or more computers) but has no real way of knowing in advance when they would need this.
As much as all of us would like to use our MultiBit as much as possible, I guess I'd suggest this situation might better be handled by a secure online wallet -- which would hold whatever balance was needed in both or all locations. Or, one could carry his/her single MultiBit wallet on a portable device to carry with them. A mobile device could potentially be stolen/lost, even if the point of the theft of the device is not to steal the bitcoin they would be significant risk. Online wallets carry their own risk that is separate from using MultiBit in this manner. More risk? I am not sure |
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With 6BTC ($600x6= $3600).....Maybe. I have already invested nearly 10 grand (mining equipment) and I haven't made ROI yet. Most likely I might spend another 3 or 4 grand this year.
Do not go with preorder route, in fact do some basic research about the company. I recommend Bitmain.
Your ROI is not going to depend on how much you spend on your equipment, it will be based on how much you paid per GH/s (or TH/s) and how efficient (in terms of electric usage) the machines are. |
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I'm still not entirely sold on the reason to use mixers yet. I think in the future they will definitely be useful, but I feel like btc is still at a stage where it isn't rally being tracked all that efficiently in the first place.
Even if your TXs are not tracked now, they could be tracked in the future as all TXs are stored permanently on the blockchain |
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You can also try investing in famous dice sites , i'm sure about just-dice.com, that investors there make like 0.8% per week, which is quite nice, but still it's very safe there.
I find it ironic that you suggest investing in a gambling site while advertising a different gambling site on your signature. Investing in a bitcoin "casinio" is one of the more "sure" investments that bitcoin offers |
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This is a tricky question, OP. Next, we'll be discussing the racial and ethnic makeup of the current coin holders and requiring a more "balanced opportunity" consistent with societal demographics.
I'm getting really tired and fed up of these kind of discussions but you're exactly right, they don't stop either  It's like this obsession lately with people claiming that we 'need' more women in the engineering industry/sector, if they're interested good for them, if not then they're not, leave them the fuck alone, the worst thing you could do is hire someone who has no interest in their job and hire them just because of their gender or race because they'll do a worse job than somebody who is interested in their work and that's just a fact. It has to do with people wanting bitcoin (and the engineering sector) to be more "diverse" |
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Doesn't have to be a bit coin auction site though. Those are ebay fees and how they make their money even if they accepted BTC it would still be the same.
Would eBay or PayPal accept digital currency, it would be the end. eBay and PayPal is a "legal" criminal organisation. It's not about the fees, every one can ask as much fee as he want, but no one can open a business without an address or a company license..., except eBay and PayPal! Try to find their contact details, business registration number or company address... You can't ! Typing in "ebay" into google and the right hand side has a box with details about the company. Among the details is this Customer service: 1 (866) 540-3229 (Consumer) It looks like you don't even need to go to their website to get their phone number |
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2) But if these coins go for a premium over market price, then the buyer will hold them forever.
The reason that the coins would sell for a premium (I highly doubt they would) would be because they would be paying for something that an exchange could not otherwise provide. This would not affect the time frame of any investor of these coins |
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What would happen if all bitcoin miners unionised and decided to go on strike? Most likely it's highly unlikely to mobilise such a global union but hypothetically what would happen if one day the mining stopped?
If all the miners go to strike i just put my all cards on mining and get 100 btc a day..  or less .. well if one and only user miner was me then i get it .. well the miners not going to strike .. If you read my post above, you will know you won't get any blocks with your GPUs even if all miners stop mining suddenly. Your assumptions are based on a strike happening at the beginning of a difficulty change and all at the same time. Although the miners "going on strike" in the middle of a difficulty period would mean that difficulty would decrease by less then it otherwise would. Regardless the miners have no incentive to go on strike. They have incentive not to |
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They have to call them "tax havens" because if you were to call it "a country with no taxes" liberals would claim that such a place cannot exist except in Somalia.
What abort da roadsh!!?!???!!?
I think the island does have taxes but only on income that is produced in the country and capital gains are not taxed. |
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Disappointing to see that over a quarter of the people in this forum still haven't got a clue about how decentralised currencies are supposed to work. The two possible correct answers are either 'NO', or simply not bothering to vote for an option at all because stupid poll is stupid.
Go and start your own Tardcoin that isn't fungible if you want to be able to block transactions and balances. You don't belong here.
It's just over a quarter of People, who look into this thread. There have been so many threads about blacklisting coins and all the good arguments against it, have also been used many times. So, I think most experienced users are just ignoring such threads. Yes, fingers crossed you're right on that one. Perhaps the people who voted in favour of blocking coins, or said they weren't sure haven't been around as long and are still new to the concept of crypto. Thankfully there's enough old hands around to make sure it never actually happens and terrible ideas like the one in the OP never become a reality. What if the votes were just "voting spam" of people that just vote random answers on polls on these forums? I have sure seen stranger things |
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One thing that I don't understand is how people buying Cex.io shares effects Ghash's total hashing power.
The way I'm thinking of it is that this is hashing power that's already 'working' as it were and people are just buying the rights to mining that's already being done anyway. Is this not correct?
I guess when they get more revenue, they buy more hardware. That would make sense. But the hashing power that they do not sell I am sure they use to hash for themselves. They wouldn't turn it off until someone buys it. They would keep their unsold GH/s running as long as they produce more revenue then electric costs. |
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We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.
I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights. Some people that have money to invest in miners are less technically inclined and might not be comfortable using a program that only uses "command lines" I agree that having a GUI is useful to those who are less technically inclined however I also agree that Command Line is a good as well as you don't have to worry about the GUI resource requirements on the OS not to mention the automation that you can put in place if a GUI was not required. I have looked into P2Pool lately and I absolutely believe that is a possible solution especially if it was integrated with the popular miners. I just wish the over all hash rate of the P2Pool network was higher to make it more profitable to mine... You could use a GUI that could display the output that your command line program would display in a more "user friendly" format. The GUI could also change settings that you would need to type manually in your command line program. The command line verson of the program could then run in the background and the GUI would only need to be open when the user is interacting and/or watching it. |
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If you're going to get just one, I would get a physical coin just for the novelty. It might appreciate a lot more than just the pure Bitcoin.
Those bitcoin "coins" are very risky. When you buy the coins from a 3rd party you are essentially buying the private address from the seller. You do not truly know what their security measures are when hiding part of the private address, so they could potentially take the bitcoin out of your "coin" |
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Even though ghash is now at 30% I don't think this question is answered at all and this still very much an issue. This is because an attacker could could potentially gain control over more than one pool or more than one pool could collaborate to execute an attack. I would really like to see the pools such that not even any given 5 pools total to 51%. Ideally we get rid of centralized pools alltogether or some serious protocol change is made to make it easier to solo mine, or so that 51% attack doesn't work any more alltogether.
What changes would you propose to implement to make solo mining easier? The Bitcoin difficulty is based on the network hashrate and the network has a hashrate that makes it so most small to medium sized miners would not likely find any blocks during any two week period. Pool mining is the solution to this problem. |
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Seem like everyone giving you advice think bitcoin still go up many folds over the foreseeable future.
Beside dotcom bubble which make a small number of early investors extremely wealthy, I can't think of any investment that will go up exponentially for late investors.
Bitcoin market cap is 7.7Billions it could reach hundreds of billions of market cap of today's dollar considering the potential For exemple, Paypal valuation is 40Billions Bitcoin has many other competitors out there more than Paypal. And governments around the world are doing everything they can to discourage its usage. Lots of people think that Bitcoin is great to do payments. I'm not sure if payment-protocol is the perfect use-case for Bitcoin. But what I do know is, that Bitcoin is great in what it was intentionally ment to be. Good for hoarding. Good to put your savings away. Costs you 0.- to hold it over years, compared to other commodities The clue is that bitcoin needs to attract people, but it's only attracting people if the price is right. And the price is only right if the chart is right. The difference between the .com bubble and the Bitcoin bubble is that the .com companies burn money every day (because they have to pay bills, employees..... ). The Bitcoin value doesn't get burned away by just sitting there. It only goes down if people sell and quit with Bitcoin. If more people leave than enter. I'm here to stay Bitcoin was not meant for hoarding. Bitcoin was designed to be a P2P way of transmitting payments that is not centralized and resolves the double spending issues with other P2P payment methods. If you think that bitcoin is meant for hoarding then what would give it it's value? |
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So with GPUs, people seem to be mining Litecoin (or some other currency?).
Instead of directly mining litecoin, you could use profit-switching pools like https://www.multipool.us/ and http://clevermining.com/. You can get slightly better result with it. Multipools generally do have the best payouts per MH/s. The thing is with that little of mining capacity you would almost be better off on a NPV standpoint if you were to sell it (get money now instead of over time) |
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The rates that they pay make it so it is almost not even worth it. Once you achieve member status, a sig campaign is a must. |
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Free advice ..
No matter how little or how much you make ..
1) Pay yourself first out of each and every paycheck
2) Open a Roth IRA
3) Invest in companies that raise their dividend on at least an annual basis
4) Re-invest the dividend income in additional shares
5) Sell and replace any investment that fails to raise it's dividend on schedule
6) Rinse and repeat
7) This process will replace and exceed your work income over time
This works !!
Triff ..
This is probably one of the best advice on this thread. As fun as it is to invest in bitcoin it can be extremely risky and is really more like speculation then investing. |
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Socialism is a solution to poverty because everyone is poor, but nobody realizes it because everyone is the same.
If everyone is poor then everyone is worse off then they otherwise could be. The true ideal would be for everyone to be rich enough to be satisfied That way there would be no rich or poor but a competition based on skills and innovations to fill the time, simply put Maslows Hierarchy of Needs. This may be ideal, but there is no real way to achieve this (everyone to be rich enough to be satisfied). People will always have varying levels of skill levels and work ethic. This would undervalue people who have high skill levels and work ethic while overvaluing people on the opposite side. Generally speaking in order to be satisfied most people would wish to have something above average. |
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Argentina is no stranger to collapse. Hopefully their citizens have learned to have some money in gold, silver and bitcoin.
This will likely happen to places like Argentina. After they will basically default twice in the span of ~13 years their currency will likely be devalued in the ForEx markets causing high inflation throughout the country. Without a stable currency to use hopefully the people of Argentina will look to bitcoin |
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