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Sorry buddy you missed the boat. Bitcoin is exclusively mined by ASICs now.
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Hopefully there will be new miners :X ... you can watch the unconfirmed transactions out there here https://blockchain.info/charts/mempool-count , at least for now the amount seems to shrink a little and so should the fees. Adding miners doesn't really help. The network is designed to have 1 block mined about every 10 minutes and the blocks are only 1M long. The max bandwidth is pretty much fixed. |
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- Real estate
- Index option spreads
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Guys, client apps don't have different fees. Clients like Electrum and Mycelium have different algorithms for automatically choosing a fee based on market conditions. If the fee seems high it's not the client but the network's current conditions driving it. You can in fact override the suggested fees (at least on Electrum) and enter anything you want. But keep in mind that entering a lower fee will potentially cause your transaction to take days or weeks to be confirmed.
Bitcointalk is full of threads with people crying the blues about stuck transactions who entered a fee that was too low for conditions.
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I had similar problems with getting a Gekkoscience 2Pac running. I needed to use the cgminer version from the Gekkoscience 2Pac thread.
The Jalapeno is directly supported by CGMiner. I just fired up mine a couple weeks ago for giggles with CGMiner 4.9.2 and it worked fine. So I would try it on a Linux or Windoze machine for a test to make sure the hardware still works then move to the RPi. I dusted off my old Jally and fired it up a while back myself. It made me sad for old times.  |
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Something else to consider: Paper currency is regularly removed from circulation as it deteriorates and replaced with new notes. The supply of paper money is effectively infinite.
Bitcoin on the other hand is definitely limited to about 21 million. As the blockchain ages, Bitcoins will increasingly become "tainted" until nearly all are.
What is more, once you're paid you can't just decide to not take some of it because it's tainted.
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US $20 bills are supposedly contaminated with cocaine residue. Would any reasonable person stop using them because of that?
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You don't need a hardware wallet for maximum security. 99% of people getting ripped off are keeping all their BTC on a web wallet or in an online trading account. Following these rules will eliminate most Bitcoin rip-offs: - Stop using web wallets
- Don't keep all your BTC in your trading account (if you trade)
- Store your Bitcoin using a method where you have possession of your private keys. You can use the bitcoin-core client if you're willing to download 150GB of data. Or you can use one of the thin clients. Electrum is a good example: Make a new wallet with a deterministic seed phrase, print it and keep it somewhere safe. If your computer is stolen or destroyed you can regenerate the wallet from the passphrase.
- Stop using Windows. The Windows world is full of viruses and trojans that can steal your wallet.
- Use a Linux computer with whole-drive LUKS encryption for Bitcoin.
- Practice good internet hygiene. Don't download porn or torrents on the same computer as your Bitcoin. Keep your Bitcoin on a separate computer. Bitcoin is money and it's serious business.
- If you're a profitable trader move your profits from the trading site to your secure wallet. Don't keep all your eggs in 1 basket.
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I use the Simple Bitcoin Widget app on my Android phone. All day, every day.
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My transaction has been stuck for 4 days....I transferred from one exchange to another, paid the fee that the exchanged asked me to paid. anyone please help PLEASE!  Transaction ID 7cbf0bbdaad69e0b0e19649f6b456afbf3f6af0a73f834ba496390ee64cf22c7 Thanks a lot The whole point of the post at the beginning of this thread is for you to be able to do this yourself: https://bitcointalk.org/index.php?topic=1802212.0Your transaction has 45 sat/byte fee which is kind of on the low side. Check out the "Fee per byte" field: https://blockchain.info/tx/7cbf0bbdaad69e0b0e19649f6b456afbf3f6af0a73f834ba496390ee64cf22c7You might consider increasing the fee using the suggestions here: https://bitcoinfees.earn.com/You can replace the transaction using the double-spend method. You can also request a miner to give your transaction priority which is easy, doesn't cost anything and you can do it yourself. Nobody in this thread has magical powers to do this, in spite of appearances. |
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Obviously a scam.
I mean, this is just stupid.
Dont even click the link people.
I'm gunna. |
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There ya go dude.  |
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Guys this a shit-post from a 10 post newb trying to create buzz. There is nothing to OP's claim.
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More women in Crypto . what do you think about that guys ?
Only if it's a crypto sandwich. |
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The fees are not "ridiculous" or "unreasonable" at all. More transactions have entered the Bitcoin network than can be stored in blocks. The miners all have the historically largest transaction backlog to work through. If you want to get your transaction added to a block you have to compete with other transactions and that's done by paying a higher fee than the others. It's economics in action. https://jochen-hoenicke.de/queue/#2d |
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Nah, it's not the death to Bitcoin, just a wake-up call.
The Core devs need to get serious about the block size issue. 2 recent opportunities to address this were rejected. I think it's time to revisit the issue and adopt one of the solutions.
So Bitcoin is centralized then? Who are the "core devs"? They are the decision makers for Bitcoin? Thought Bitcoin was de-centralized. You're absolutely right. The *core* devs can't seem to address the block size issue but the 2 hard forks *did* address the issue. Unfortunately the miner community seems resistant to shifting to one of the hard forks. So they stick with core bitcoin which has no good path forward. |
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