Is Bitflyer the only option for Japanese buyers?
There are 11 licenced Japanese exchanges. |
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thanks. I found these acronyms: Carolina Country Music Fest Closed Casket Mo* Fu* Criminal Case Management Framework Central Coast Mothers Favorites Core Component Measuring Fixture Common Cost Management Framework Canadian Consultant Management Fund ...   |
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What's going on? why does price skyrocket with no news?
Been sleeping off a night shift so I didn't see this until now but it seems to coincide with the increase in value:  edit: here's some of the story from cointelegraph - 19th National Congress of the Communist Party of China, the most important conference in China this year, ended on Oct. 24. With the end of the conference, some temporary regulations and policies are canceled as well. Among the regulations, the shutdown of Bitcoin trading in China might be one.
On Oct. 28 ZB.com, which is a new cryptocurrency trading platform, announced that all trading functionality will be available from Nov. 1. Users can sign up for accounts and deposit now.
The platform claims that people all over the world, including those in mainland China, can exchange and trade on the platform. The languages of the website are Chinese and English. However, it’s too soon to state that the regulation toward Bitcoin and other cryptocurrencies is invalid. Maybe the platform will be closed by the government soon. Nevertheless, there are also people saying that the Chinese government is behind the platform.
 Even in absentia they can still mess with the Bitcoin! |
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You don't make enough money mining to support a huge network of people while paying them commissions for signing up new members. The money comes from signing up new members period. The Bitcoin aspect is simply the lure. Bitcoin is the latest and greatest thing and it's in the news daily. Bitclubnetwork simply feeds on that to attract new money.
The Bitclubnetwork does not own and operate all of the hashing power shown as they have opened a zero fee pool to all takers. It makes them look larger than they really are to attract new suckers members.
You make money at this buy taking it from friends and loved ones - take devonbuy for example, signing up his own wife just to get extra commission. It's a cult of greed that feeds on money from new members.
Oh, let's sayyou had purchased $4800 in Bitcoin at the beginning of the this year and held it rather than putting it into this MLM scheme as you did. You would have purchased around 5 Bitcoin which would be worth US$28,000+ today - 9 months later. TL;DR What did you make again? How do you mine for 1000 days on a machine that becomes ineffective in half a year? You don't, because it isn't possible.
So where does the money come from?!?
Ah I see...
Get paid in Bitcoin by referring friends family and loved ones. Got it.
Recommendation: Avoid.
I have already debunked most of the points you raised in another discussion here on this forum in detail if you care to read up. Time and time again, people like you who are not part of the programme get your facts wrong and peddle false information by referring to fake reviews (who also get their facts wrong) and share misleading image captions (like you just did)...a case of the blind leading the blind. I will put it in summary here because I don't have the time to cover it in detail over and over again. Your comments are placed in bold: You don't make enough money mining to support a huge network of people while paying them commissions for signing up new members. The money comes from signing up new members period. The Bitcoin aspect is simply the lure. Bitcoin is the latest and greatest thing and it's in the news daily. Bitclubnetwork simply feeds on that to attract new money.Referral commission payouts are from hardware sales and membership fees. You get compensated for the time and effort you put in. The founder pool which gets you ownership of your own mining hardware is $3,500, and including all the associated costs with ordering, delivering, installing, setting up, maintaining etc. this price is just about what you pay for buying a hardware of your own. When you opt out, the hardware is delivered to your home address. The price is fair - they are not asking for $5,000 or $8,000. Commissions are only paid up to a certain level. When you buy life insurance, the same thing happens at the agency. No one complains about that. In BCN, you don't get new members, you don't get paid commission. Period. In this instance, you only get paid mining earnings, which is slightly better than what you would get if you were to mine on your own. Based on this advantage alone, it would already be better mining with BCN than on your own. And if a friend decides to join you, you get a little extra, which you would not otherwise get by mining on your own. I've already mentioned that the active 30% in BCN cannot support the remaining passive 70% in BCN for the last 3 years. If these figures don't make sense to you, it means you don't understand the difference between a genuine MLM programme and a ponzi scheme. Everything with this structure would appear to be a scam to you. BCN had to stop sales of contracts twice in the last 2 months due to a sudden surge in sales volume. A real ponzi relying on membership fees to pay out to old members would have continued to accept new members regardless. But you didn't know that, and talked based on plucked assumptions from the sky. The Bitclubnetwork does not own and operate all of the hashing power shown as they have opened a zero fee pool to all takers. It makes them look larger than they really are to attract new suckers members.Again, plucked assumptions from the sky. There are no pool fees because BCN's pool is not open to takers and external sources. All the hashing power shown and resulting mining earnings are distributed internally within members. We can't make ourselves look larger by faking hashrate percentages on the third party sites I mentioned. BCN do not operate like SlushPool or F2Pool. Again, shows how little you know about this industry, and BCN. The real suckers are the ones who believe everything they read at face value on the internet, and don't care enough to do careful research and fact-finding. You make money at this by taking it from friends and loved ones - take devonbuy for example, signing up his own wife just to get extra commission. It's a cult of greed that feeds on money from new members.I have already covered this many times, so read it up elsewhere. But if it's too difficult for you to understand, I'll quote an easier example for your comprehension. Forget insurance. You buy a house, and the real-estate agent, who could be your spouse or relative, gets a commission. His team manager gets a commission, as well as from other agents in his team who sell properties. The commission comes from the price of the house, which the buyer you pays. It doesn't come from the real estate agency. The price you pay for the house is fair market price, which you're ok with. It's not inflated a great deal to cover commissions. I don't see you complaining, unless you've never bought a house through a real-estate agent before. It may be greed to some, but a way of surviving and making a living for many others. BCN is spreading awareness about bitcoin to new folks faster and better than you are doing by yourself in this forum or anywhere else. It's an approach that benefits the whole bitcoin community in general, and if adoption has an effect on bitcoin's rise in price, then BCN have in some way helped pushed for broader bitcoin awareness and movement wherever the members are in the world in the most efficient way you can think of, and maybe played a very small part in its value appreciation, including the value of your own bitcoin, if you own any. Oh, let's say you had purchased $4800 in Bitcoin at the beginning of this year and held it rather than putting it into this MLM scheme as you did. You would have purchased around 5 Bitcoin which would be worth US$28,000+ today - 9 months later. TL;DR What did you make again? So where does the money come from?!?Again, people who don't understand bitcoin and bitcoin mining make this mistake time and time again. Yes, I could have purchased 5 bitcoin at the start of the year. And that's what I did. And I paid BCN another $5,000 (in the form of 5 bitcoin) to get started in mining. A total of 10 BTC. There is a big difference between the two. Bitcoin is both a product and a service. The former serves as a store of value, the latter as a payment method. After their own analysis, people who want to invest in a bitcoin mining programme will buy into a mining programme for whatever reasons, for whatever returns, for whatever time frame, for whatever risks, whether it is paid in cash (USD) or cryptocurrency (BTC). BCN allows people at an individual level to find bitcoin mining viable. Otherwise, it will be left only to the big players who have millions of dollars to invest in tens of thousands of mining rigs at a go. Individual miners will eventually be phased out as the mining difficulty increases, and your chances of profiting from this industry will only be limited to being part of a large mining pool. If everyone thought the way you did and preferred to just buy bitcoin and hold, no one at an individual level would be doing bitcoin mining. Without the growth of the bitcoin network by people investing into mining hardware and contributing it to the network, it wouldn't cost as much as US$30 billion to hack the bitcoin network today and far easier to achieve more than 50% of the computational power of the network for a successful hack. As it is today, any hacker with that sort of resources would be better off doing mining himself than trying to hack the network. The bitcoin network looks after itself, so to speak. Would it have been better if I had held onto 10 BTC instead of holding half and putting the other half into mining? I don't know, and neither do you. This is my way of diversifying investments. The earnings from mining alone could surpass this if we continue to mine long enough in the future, and the people who get into mining are eyeing on this. It is a calculated risk with cryptocurrency investments at a different level, compared to buying and holding. Likewise, trading cryptocurrencies has its risks at another level. Maybe I didn't enter at a suitable time (close to the start of a new halving era and bitcoin price). As the price of bitcoin climbs to what it is today and a founder pool costs only 0.62 btc at today's rate, mining becomes a viable alternative for accumulation of bitcoin in the long term. But you would have to be part of a large sustainable pool with mining done correctly in the right conditions to have a chance to succeed at this, not mining on your own pointing to a known pool and bearing pool fees and electricity costs and other overheads at your own expense. There are synergistic advantages to being an inherent part of running your own pool, provided it is large enough. Just keep track of BCN's hashrate in the next few months, and if you don't take everything you see at face value and can see the underlying reasons, you will understand why the referral commissions matter. Without a referral incentive in place and without new members contributing hashrates, the crowdfunded setup that BCN is would have failed in its very first few months in 2014. Or course, not every investor sees it this way. Most people are selfish by nature and are more concerned about dollars and cents as their bottomline, or may even want to see quick returns, and there's nothing wrong with that. But if fewer people and companies went into mining and just bought and held bitcoin, the bitcoin in your hands would eventually be worth less. The strength and integrity of the bitcoin network today is the way it is because of the miners, not because of how many bitcoins everyone bought and held. For the self-serving ones who want to see quick profits, then yes, your advice applies. Just buy and hold, and sell a year or two later. Or join HYIPs and ponzis. In that same vein, maybe gold mining investors should not buy excavators and machineries to mine ounces and grams of gold daily, when they could just buy and hold tonnes of gold bullion with the same amount of money instead. Granted, bitcoin mining (as with gold mining) is a slow process, and is not for everyone and may not fit into everyone's investment portfolio. How do you mine for 1000 days on a machine that becomes ineffective in half a year? You don't, because it isn't possible. That is why we have repurchases of partial shares. The warranty of machines from the manufacturer only last 365 days, so what gives? And since you asked, I will explain. Members continually contribute back selflessly (whether by intention or not because it is automated) to ensure that our hardware remains efficient and relevant. I have already mentioned that we had upgraded multiple times in the past, and had even upgraded twice within a year a couple of years ago with the S5 and S7. This is made possible because of the repurchase mechanism built into the platform. It is a selfless approach by design to ensure that the entire community continues to mine profitably for the long term. The operating hashrates over time can be found at https://bitclubpool.com/index.php?p=stats. These hashrates tally with the hashrate given at third party sites which BCN has not control of and cannot be faked. Those who have mined for at least 3 months with BCN will understand repurchase. Those who don't, think we are paying out from new membership fees (read above again on 30:70). The repurchases can now be set to 0%, for those who wish to claim maximum returns on a daily basis with no plans to do mining beyond the 1,000-day contract period. Ah I see...Get paid in Bitcoin by referring friends family and loved ones. Got it.Covered above already. The images you posted do not come from BCN directly and were created by some members, who may use unethical methods or misrepresent information to get referrals (more below). The points made in those images may be true but they do not paint the whole picture. As mentioned in an earlier post, the commission structure in BCN are based on tried-and-tested MLM formula. Not everything that looks like that or have the word binary in it is a ponzi, although ponzis are based on binary. One is a subset of the other, and not the other way round. There is nothing wrong in getting paid in bitcoin for the effort you put in. And it takes a lot of effort explaining to people about bitcoin, let alone bitcoin mining. Definitely a whole lot more difficult and time-consuming than opening a door for you to view a property, selling you that property, and earning a commission from that purchase, which comes from you. Some members have even registered the word "bitclub" in their domain names to make it look like they represent BCN, and then use fake testimonials and photographs to lure members. Hypothetically, if someone registered facebook.info and promoted "Facebook" using dubious means and fake testimonials, that does not make Facebook a scam. Admittedly, things could be better, and BCN could have purchased all the extensions for their domain name, but BCN is not Facebook or Google. They are more concerned with ensuring that the mining rigs are running at optimum efficiencies and mining earnings are paid daily to members on time. If you're mining with BCN, you would know. If you could differentiate between real and fake (phishing) websites, you would know too. If you ever run out of points like everyone who tried to peddle misinformation about BCN has, you could always bring up that so-called sex-offender article up next and we can discuss. Or you could read up about that elsewhere. I have meant for all of the above to be a summary, but got carried away trying to explain the intricacies of bitcoin mining for your education. If I have more time, I could tell you a lot more, but only if you're interested to learn. If you're just rehashing the same old false info that everyone before you has done, I simply don't have the time to explain. Recommendation: Avoid.Recommendation: Do your own due diligence and fact-finding, and decide if this is for you, as with all investments. You haven't debunked anything. The BCN hash rate isn't faked - it simply isn't 100% controlled by BCN and there isn't a site on the internet that can tell you what portion is controlled by BCN. This is why it was opened up to the public. The MLM method is unsustainable and the hashing rate can never grow proportionally to the number of members. There simply isn't enough room after the cost of a miner plus hosting and electricity to pay multiple levels of commissions on sales of miners. This is an unsustainable model fed by ignorant new members. I didn't say people shouldn't mine Bitcoin - don't misrepresent what I said. Since you brought it up, when the value of gold is lower than the cost to mine gold, mines go bankrupt; people lose jobs - because it's unsustainable. Bitcoin mining is not currently unsustainable - your MLM model is unsustainable and only survives with the injections of cash from new members. Recommendation: Avoid
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But mining is problematic. You won't mine forever or until 2146 with the same mining equipment, the difficult is constantly increasing, also there are extra costs if you are mining physically, on the cloud it becomes worse as the ROI takes too much time to happen or it may never happen.
Let's say with $5000 I buy 1 Bitcoin. But with the same $5000 investment in mining I'm not able to get 1 Bitcoin from it.
Dear mrcash02,
Indeed you are right to say that mining is problematic - and that is why we leave our rigs at the farm in Iceland to be looked after and maintained 24/7 by on-site technicians. I am a technical person, and even then there are benefits when you have people who do this for a living look after some 20,000+ AntMiners all at the same time. At BCN, we understand the need to upgrade hardware along the way in order to remain relevant and ahead of the game, and over the years since 2014, we have upgraded a few times. We started with the S3, and over the years moved up to the S4, S5, S7 and currently the S9. On one year, we had to upgrade twice. Some of the AntMiner S5 (now just an expensive paperweight) we used from 2 years ago which we did not dispose off were given to members as souvenirs in the last visit to Iceland in June this year, which you can see at http://www.coinpurveyor.com/benefits-of-joining-bitclub-network/.
The upgrades were all done without new capital reinjection from members, because of a repurchase mechanism within the platform programme. Members are required to put aside a portion of their daily earnings (varying from 30% to 100%) to account for this, and as a result, your repurchases will accumulate partial shares in little increments that will allow you to mine for an indefinite period of time past the 1,000-day contract period, until it becomes no longer profitable to mine.
Mining difficulty is a relative term, and with a large pool like BCN, we are not affected by it as much as say an individual miner. As members join the platform with Founder Pools, more machines are added to bump up the hashrate to put us at top positions on the hashrate distribution chart - that's the advantage of a crowdfunded setup like BCN. See http://www.coinpurveyor.com/bitclub-network-one-worlds-largest-bitcoin-mining-pools/. People mistakenly think we're a cloud mining site, but we're actually running our own private pool which is mining exclusively for members using only members's mining hardware. Our hashrate is derived solely from our own hardware and not from external mining hardware sources pointing in, and that's how the operation is kept profitable for members.
So, to quote your $5,000 investment figure to buy bitcoin instead of mining, allow me to share with you some figures from my own mining earnings with BCN. My initial investment with BCN was actually $4,800 at the start of this year, and I have since bought more pools once I saw and understood how the mining payouts work. But let's just consider my first $4,800 investment (to tally closely with your $5,000 figure), which consists of a large pool and 2 smaller pools. As of today after 9+ months of mining, the total earnings from mining alone are (USD figure in bracket based on 1 BTC = US$5,700 today at time of writing):
1.32854 + 0.19804 + 0.19797 = 1.72455 BTC (US$9.829.94)
After deducting my repurchases, which I have set at a moderate level on average, and even at 100% for some time earlier this year, the net mining earnings from these 3 pools are:
0.79289 + 0.07378 + 0.07401 = 0.94068 BTC (US$5,361.88)
So yes, to put it in perspective, you would be able to get 1 BTC eventually with a $5,000 investment in mining. You would just have to join a large mining pool like BCN to achieve that, not mining on your own. The figures above tally with my projections given at http://www.coinpurveyor.com/buy-hold-vs-mining-bitcoin/.
I can choose to set the repurchase at 0% and still earn 1.72455 BTC (US$9.829.94) if I want to, but in that case, mining for my contracts will end after 1,000 days. So you could say I could throttle my mining earnings in 9 months to be anywhere between 0.94 BTC (mining for indefinite period) to 1.72 BTC (for 1,000-day mining). Either way, these 3 pools have reached ROI in under 9 months. All this is done without having to do anything - no selling, no recruitment etc. Just sitting back and letting the daily earnings roll in. Referral commissions (which are derived from hardware sales) are counted separately, and is an incentive for members who put in the extra effort to bring in new members (read: to increase BCN's overall hashrate). The mechanisms are there to ensure those who work hard are well-compensated for their efforts (which is fair), but even the "lazy" ones who don't lift a finger will earn the figures I have shown above as a minimum for doing nothing. My wife is one such person, and her account has earned over one-third of her initial investment in the last 108 days of mining.
And true that we will not mine forever or even until 2140...and we may not even be mining in the next 20 years, let alone 123 years, but as miners, what we're interested in is the daily yield that comes from mining, and even if we were to mine for another 3 to 5 years, it would already be very profitable.
Most of us who mine are usually believers of bitcoin, and we don't usually touch or sell off the yield until far ahead in the future when bitcoin hits a certain price. The figures above are quoted based on the current price of bitcoin, and even if I were to assume a non-linear earning with a total of just 2 BTC by the end of 2018, and speculate that 1 BTC = US$10,000 by that time, that's $20,000 over my initial investment of US$4,800...and the important thing is, mining will still continue beyond that. Looking at such projections, I am inclined to believe that mining is still a viable option as an investment. Accumulating multiple bitcoins over time to me seems to be a better proposition than just buying and holding one, for the same price of $5,000. And if you owned only one BTC and sold that off next year, you will not have any in your possession to sell off in 5 years when let's say bitcoin gets to $25,000. In mining, you will always be generating new bitcoins to be sold at any time in the future whenever the price is right.
On top of that, you get to feel good that you're helping to validate transaction blocks and to secure the bitcoin network with your mining hardware - an active participant in the whole bitcoin economy instead of a passive one.
Of course, it is also always good to hold some bitcoin as a fundamental investment and I usually encourage people to do so, but if you have "a few spare change" over that, mining is a good way to diversify a little. A Founder Pool costs only US$3,500 + US$99, which is only about 0.63 BTC at today's rate. Anyone who has a few BTC (e.g. 3 BTC) in his possession could look at spending just 0.63 BTC to get into mining with his own hardware, and keep the remainder (2.36 BTC) as fundamental holdings. That 0.63 BTC could just very well turn into 2 BTC over the next few years, bringing the new total holdings to 4.36 BTC. Continue mining for another few more years and you could double that original 3 BTC you have into 6 BTC.
Anyone who is interested to join the pool can follow the steps here at http://www.coinpurveyor.com/join-a-bitcoin-mining-pool/.
You don't make enough money mining to support a huge network of people while paying them commissions for signing up new members. The money comes from signing up new members period. The Bitcoin aspect is simply the lure. Bitcoin is the latest and greatest thing and it's in the news daily. Bitclubnetwork simply feeds on that to attract new money. The Bitclubnetwork does not own and operate all of the hashing power shown as they have opened a zero fee pool to all takers. It makes them look larger than they really are to attract new suckers members. You make money at this buy taking it from friends and loved ones - take devonbuy for example, signing up his own wife just to get extra commission. It's a cult of greed that feeds on money from new members. Oh, let's sayyou had purchased $4800 in Bitcoin at the beginning of the this year and held it rather than putting it into this MLM scheme as you did. You would have purchased around 5 Bitcoin which would be worth US$28,000+ today - 9 months later. TL;DR What did you make again? How do you mine for 1000 days on a machine that becomes ineffective in half a year? You don't, because it isn't possible. So where does the money come from?!?  Ah I see...  Get paid in Bitcoin by referring friends family and loved ones. Got it. Recommendation: Avoid. |
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so end october +6K or under Honeybadger just bounced off a support zone and RSI is back down to normal range. We"re going to test 6200 again soon. Happy 🎃! |
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This might be interesting information but it's difficult to see.
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So that's it? Bitcoin is dead? |
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Cea mai noua achizitie sa ma bucur de cafea! De data asta, am gasit o ceasca neagra la magazinul Unirii si am comandat modelul sa fie imprimat. A costat 50 de lei - cam scump dar a meritat https://i.imgur.com/Zg8UmR3.gif |
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2) You could move your coins before the fork to a paper wallet, and then after the fork move them back to the Trezor, BTCGold should be left on the paper wallet.
Didn't the snapshot happen already? Anyway I heard it was today... Fork is in 3hours and 20mins from now. Snapshot happens at block height 491407 So it's probably 2 hours and 50 minutes from now. |
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Here comes $6000 again!  Seventh time's the charm! It has to take one of these times... |
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I'm interested in mining coins like monera (spelling?), ZCash, Dash, Litecoin.
Any pools that I can use with my Pac2 that you know of?
General tips/thoughts about mining coins other than bitcoin with the USB ?
Some pools like SlushPool won't work with CGMiner? I'm using Kano pool now, but the GUI isn't very pleasant to look at.
Thanks again for your tips guys!!
I am going to compose a document: GekkoScience Setup for Dummies and post a link here. Given what I just went through, spent 20 hours on, I think I'm in a unique position to help other ultra-newbiees.
Pete. I replied to you a couple of posts ago and gave a link to the only coins you could mine with SHA256 ie your Gekko 2Pac. Why don't you look at it before you compose your Setup for Dummies document? |
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Here comes $6000 again! |
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Unbelievable! It WAS the Ethernet. What happened was I had a few heavy duty splitters on some of my 120v extension cords, and one of them tripped that happened to contain both that fan and my 24 port Ethernet switch. I didn't notice the switch was off in my panic right before I had to leave town. Up in the attic, a similar but unrelated thing happened where a 120v line went down that contained the switch up there. What a relief!!!! I'm back up and running as I type this. I shuffled some things around so this shouldn't happen again.
So it was a very minor problem. Good news for sure. |
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Why did you attach such a small fee? You'll have to resend the tx with a higher fee. Not possible as the attached fee is too low. I put the minimum amount of fee as I wasn't in rush but didn't expect it will take so long. I've tried to abandon my transaction (Bitcoin Core) and zapwallettexd but nothing happened. I cant resend the transaction due the issues above. Did you try abandontransaction from the console? You should be able to resend your transaction once the command is executed. abandontransaction e49aad910d19bc1f47ec2f0d4ceb7defcf0c335bd4937eb02587711ab6b2acfd
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Electrum gives me several private keys. How do I know which one to use?
Every address that contains Bitcoin will also contain Bitcoin Gold. You will need all non-empty private keys. If you don't know what you are doing, it would be best not to do anything though as you may end up losing your Bitcoins. |
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Why did you attach such a small fee? You'll have to resend the tx with a higher fee. Not possible as the attached fee is too low. |
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