Figuratively, how long ago did you get it? I'm guessing aeons. |
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Hi,
if I understand correctly BTC has a 21M cap as far as the total circulation is concerned and at the same time is PoW type of crypto, so it needs constant mining. So, how are the miners going to be rewarded after all 21M BTC will be already in circulation?
What am I missing here?
On the other hand, ETH has unlimited circulation, so it's inflationary by nature. Right now it's PoW type of crypto, but it's supposed to switch to PoS at some time in the future, so my understanding is that ETH holders will be rewarded just for possessing the crypto and no more mining will be needed. How would the switch between PoW and PoS work exactly?
Thanks!
you're missing the transaction fees. |
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Just had my bank call me asking for more information about some wire transfers to bitstamp over 3 months ago. It appears western union contacted the bank to make more inquiries. Western union starting to get nervous or the pressure is tightening...... BULLISH
It's day 5 at my show and I've had the "BTCitcoin accepted here + 10%discount" sign posted but no transactions yet. Surprisingly not as many inquiries as I had thought or holders. Still in very early adoption apparently and too complicated for most although probably magnitudes easier to understand than fiat value.
Goal is 1 transaction before the show end. 10 more days.
A person with Bitcoin might see the 10% discount sign and realize they stand to make more than that by hodling for another day. By the way, what and where is the icygreen show? |
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'cause Jihan Wu is a fukn dick. I mean because freedom!  |
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Guys, i had 100 bitcoin on polo and made sure, that i didnīt lend out on 01.08. 13:16 UTC, and transfered all to my exchange account before that date, on 31.07.2017.
I got 3.8 BCC credited for my 100 bitcoin !
Turns out, that my lending on Polo went on through that time (history-lending).
So, the person who lended from me has 96.2 BCC, which is a lot of money, as of now.
I suspect itīs employees of polo, they canīt keep their fingers off of it.
Careful with polo, guys !
Are you sure you don't have 3.8 Bitcoin because Polo? |
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Has anyone had any luck mining with these? I've been mining for 2-3 weeks on mmpool and haven't earned anything yet: http://mmpool.org/user/guttermonkSo I tried switching to mining BCC on suprnova for the last week and haven't gotten anything there either. My miners are running on cgminer at 135MHz with no errors. You didn't switch them to BCH during the frenzy I guess? The Bitcoin difficulty is far too high to earn much with these sticks. time( to find a block in seconds) = difficulty * 2**32 / hashrate ( I'll call it 16 GH/s) time = 923233068449 * 2**32/16000000000 time = 247828489723 s if you mine on a pool that regularly finds blocks, your share would be based on this number so 12.5(coins) / time = 5.04381X10 -11 bitcoins per second or 4.3579X10 -6 per day or 0.00159 bitcoins per year per 2Pac You can check my math but it looks about right to me. Really, you should run the 2Pac on a lottery type all-or-nothing pool like solo.ckpool.org - you mine using only your Bitcoin address as a username and when in the unlikely event you mine a block, you get all but 1% of the winnings! I've been playing for about a month, my best share is 32.5M difficulty but we're looking for 923B for the win...for the next 6 blocks at least and it is set to drop to 888B so our luck will improve shortly!  |
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Thank for the advise and to anyone who helps, the other post explaining is about 70% full of useless information and people just talking garbage. But if I had 50 coins theoretically speaking of course then I would get 50 bitcoin cash coins right? So which is the best option because I have been reading things online 1)open a new wallet on my junk computer that I dont use , a wallet that accepts bitcoin cash support , like the https://coinomi.com/Send the coins there and the bitcoin cash will automatically arrive? By putting my privatekey there is this not risky..? 2) plan 2 is setup another wallet one my same old computer I dont use and then transfer coins there after they are cleared and ready, then transfer it to another computer ( i have many) that has the btc cash compatible wallet on it and ue the private key of that new wallet with the fresh balance- the reason to do this is to not expose the private key I have used for years and backed up in many ways but I dont know if because the money arrives after to that fresh wallet after the august 1 time that maybe it will be void to give me the btc cash coins Also I see the trezor wallet is a compatible wallet for btc cash,I have on of my wallets on a trezor from a long time ago.If i transfer all my coins to the trezor will this then give me my btc cash and it will show it all there in the trezor wallets management screen?? like balance in btc = X balance in btc cash= X Move all of your Bitcoins first because you must reveal your private keys in order to get the BCH. Once you have moved your bitcoins to a new wallet, you can safely move the private keys of the old addresses into a BCH wallet you will create. I personally used Bitcoin ABC and it took days to download the blockchain... there are quicker methods I'm sure. 99bitcoins has a pretty good guide for various wallets (including Trezor) |
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But I can not find all the answers there and also I am very excited! So if I have 50 coins on an electrum wallet that does not support this bitcon cash then I need to transfer those to a wallet that supports bitcoin cash and then in that wallet it should show my bitcons and also my bitcoin cash balance??.Now it is August 24 so it is not too late right?
if you have 50 coins in an electrum wallet, you should firstly STFU about it in public; it's a lot of money. The private keys to the coins you controlled on Aug. 1 2017 can be exported from spectrum electrum and used in a BCH wallet (bitcoin ABC for example) to get your BCH. You should really transfer your Bitcoins to a new wallet preferably on a new computer before attempting this. Congrats on your stash. Edited to correct autocorrect |
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Bones is right, just over a week ago , he said it had to be 0.17ish and he was spot on, and bch got there.
This week its higher, and it will get there to, over 0.3 and maybe over 0.4.
Let's hope it doesn't get there because Bitcoin drops to $2220  |
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Jbreher is...getting paid, trolling ore just plain stupid to see what the consequences are when Jihan takes the lead.
Pick one assertion and stick with it... ASSHOLE. Hey. I'm thinking of dumping 100 B itCH in the next hour or so. Do you think it's gonna head back north of $700 or should I just dump it in one go on a market order and see what happens ? IDK... there's $555k USD between now and $700 on Kraken and the B itCH 's hashrate is falling. There would have to be some intervention to prop it up... I'm only guessing though. |
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The difficulty has already went up for BCH, hours ago. Surprisingly, the average block time has only been about 15 minutes since then. They may be able to go this entire 2016 blocks without the emergency difficulty adjustment kicking in.
Interesting I thought it was later tonight. Maybe things won't play out the way I described above but we will see. I have my popcorn ready just in case. Maybe a lot of the miners that they have retained just haven't had the chance to change where their miners are pointed to. We'll get a better idea how it goes in about 24 hours, to see how many devotees they managed to retain. Perhaps some miners are speculating the the BCH will pump up the market again to attract the lost miners back. ...so the value of BCH will be pumped to ~ US$1250? Not taking into consideration the profit made from transaction fees, BCH must command a price of 272,888,550,038.82/923,233,068,449=0.29557926309 BTC for their profitability to be on parity with BTC. So help me out here please; I'm a little tired so I might be way off. The average of the last 10 or so blocks is about 14k USD per Bitcoin block in fees and the average for the last same number of blocks for Bitcoin Cash is SFA in fees (less than $1). Does this mean that in addition to the 0.29557926309 BTC we need to add $14,000/12.5 BCH to the value of each coin to make it equally profitable to mine BCH? In this case, I think we're looking at a BCH value of around US$2,330 per BCH just to make mining one or the other equivalent. With the 4X higher difficulty, the last 10 average block time is now 20.5 minutes. Why do so many continue to mine the less profitable B itCH? edit: SFA is closer to $25 than my initial less than $1 estimate. I believe it is still SFA when compared to $14k |
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The difficulty has already went up for BCH, hours ago. Surprisingly, the average block time has only been about 15 minutes since then. They may be able to go this entire 2016 blocks without the emergency difficulty adjustment kicking in.
Interesting I thought it was later tonight. Maybe things won't play out the way I described above but we will see. I have my popcorn ready just in case. Maybe a lot of the miners that they have retained just haven't had the chance to change where their miners are pointed to. We'll get a better idea how it goes in about 24 hours, to see how many devotees they managed to retain. Perhaps some miners are speculating the the BCH will pump up the market again to attract the lost miners back. ...so the value of BCH will be pumped to ~ US$1250? |
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Devil's advocate for a day here. Maybe they're too scared to speak?
You must not be too familiar with the U.S. millionaire entrepreneurial mindset. They are anything but shy in voicing either their views or concerns. You make an excellent point. |
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I have a newfound respect for the Winkles and their ability to not say a bunch of stupid shit.
Something I never considered. Good point. Actually if you've not noticed, none of the big time Bitcoin investors have said anything during all this controversy. Because they know it is just a bunch of ongoing FUD drama designed to shake out the weak minded. Tim Draper Richard Branson Tyler and Cameron Winklevoss Reid Hoffman Wences Casares Peter Thiel etc., etc. Devil's advocate for a day here. Maybe they're too scared to speak? |
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Yeah WTF?!  |
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Hello guys, Im new here but I was reading this and other topics from speculation for long time.
I have few BTC can You advise me what to do now? Hold it or sell? I have read few pages earlier that we have to hold because after 23.08 another changes are coming and course can go up again. But from other side many people talking about big correction now. I really dont know what to do now, please help me guys.
Im sorry for my english but I hope You can understand me.
Kind Regards
Yes. I can Advice you. I would Advice you to sell every single bitcoin. Why? Because you seem uncertain about the value of bitcoin, so you should sell those bitcoins to someone who appreciates them more.  Advise. The word is advise. |
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Dumped $50k worth of Rogercoin tonight on Kraken.
Thanks for helping to pay off a mortgage, Mr. Ver !
Sold off in chunks between $720 and $740, with a few market sell orders for shits and giggles here and there.
Are you done or should I sell my pittance before you fully tank the price? I see it's under $700 now. I'm done for the night More tomorrow Damn! I'm working nights. Try not to fully kill it before noon |
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Dumped $50k worth of Rogercoin tonight on Kraken.
Thanks for helping to pay off a mortgage, Mr. Ver !
Sold off in chunks between $720 and $740, with a few market sell orders for shits and giggles here and there.
Are you done or should I sell my pittance before you fully tank the price? I see it's under $700 now. |
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It's in Euro's, just like the link in the post I quoted.
Was checking around and prices have seem to have gone up, it's more like 200k euro's now haha.
Thanks for pointing that out. My apologies but the posts are coming in fast and furiously. I just don't have time to read everything and I usually don't follow links. You could buy a detached home with a bit of property in most states of the USA with that kind of money! |
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Real estate isn't really "stuff".
It's a hell of a lot more "stuff" than make believe super mario tokens. The only downside is that in lieu of hyperinflation, the price of real estate should collapse to 1/2 or less of what it is now, so they will likely print us into hyperinflation to prevent deflationary collapse since it's the lesser evil of allowing the system to continue for a brief period longer. Silver is one of the few underpriced assets on the entire planet right now, while gold is also lower than it should be, but not anywhere to the extent of silver. I think you know even less about real state than you do about Bitcoin. The real state bubble exploded years ago. Maybe in some places/locations/type of property there is still some overprice.... but there are LOTS of great buying opportunities. Ie: PLease tell me how do you consider this overpriced, and how could it go 1/2 from here?: https://www.idealista.com/inmueble/32360792/It's just an example. Could show you hundred of others. Lol an appartment like that would be around 175.000 where I live =D 175.000 is really not very meaningful on an international website. Is that a decimal place or a separator? Also, is that denominated in Bitcoins or a fiat currency? |
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