In real life, has been around 4 years and the reason for that is: I woke up after a period that lead to a lot of losses but happily with the help of a therapy, I got rid of the urge to keep on gamble. In online world, I think has been around 3 months, I only play occasionally and only use free money and not my own invested money since I don't want to put them at risk.
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BTCitcoin is has the right potential to be known as international currency but the problem is, when it's going to be and since up until now, there are some countries that have problem of obtaining internet connection, then it's going to be in the next 10 to 20 years. There are a lot of ways to use it, like there are some credit cards that you could fund with BTCitcoin and use it normally anywhere so it's matter of particular country accepting certain credit cards that could be funded with BTCitcoin, therefor using it without exchanging it, is actually a small matter.
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First of all, it would be better to not put up our own assumptions in the thread (American invention), since you already stated on your 2nd comment (I guess not) plus there was a word used by him "colour" that is an indication of being non American (he/she could be British, Canadian or any other nationality that use that type of spelling). Some links: https://bitcointalk.org/index.php?topic=1427158.msg14441255#msg14441255https://en.wikipedia.org/wiki/American_and_British_English_spelling_differences#cite_ref-10Now about Chinese people destroyed BTCitcoins decentralization, can't agree that as well since none of them own half of the hash rates until now and even though many of them often are in contact with devs, it's most likely just to have an insight of certain situations that could either go with their plans or not.
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All these processes are indirect since your going to pay from your bank to an exchange and then they will send you the appropriate amount in BTCitcoin. As noted above me, since we don't know about your location, we can't give an accurate advise but base on the local exchange that I use, they ask for picture of governments I.D together with your bank card in order for them to verify your account then right after that, everything is quite fast (buying BTCitcoin is always faster than selling it on exchanges since when you pay, it gets sent to you right away but when you sell, you have to wait for confirmation process). The following exchanges might do the trick for you: https://www.kraken.com/
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There seems to be a pros and cons to this move (if ever went through). The good thing would be the avoidance of future inflation (in case someone will be able to get their hands on them) but on the other side, it's still Satoshi's property and by doing so, it's like a centralized move instead. On the other hand I do like Theymos OP_LAMPORT soft fork proposal since it makes it more secure than now.
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AFAIK, the blockchain.info wallet (legacy), hasn't changed it's fee structure base but I'm not sure about the new blockchain.info wallet (in case your using that one). Do you have an idea of how much the transaction size is since it has direct effect on needed normal fee. There might be too many small outputs used (even though your trying to send small amount) therefor it also increases transaction size and it's needed fee.
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Thanks for this great video. It's amazes me with the amount of mining rigs that they've got there, pretty much makes it my dream (feeling of being in heaven). I like it's location, some where that noise isn't an issue and has nice and quite surrounding but the workers seem to stay there for 24/7 and I think it would be a bit boring unless they have something else that makes them busy (aside from maintaining the hardware's).
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Personally, I had a bad first experience with them. There was a promo back then (on one of the websites) that if xapo based BTCitcoin address were used, there will be some good extra rewards and I created one and availed the reward but the next time I logged back, there was a message saying my account was blocked due to my geographical location therefor I wasn't able to use it fully but they tend to control every action (more like centralized nature) but others don't.
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Before anything else, you might want to read the following article, in which two bitcoin miners were arrested in Venezuela: https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/So would you risk yourself and your investment like this? Because you might get arrested there too and never get any ROI. You will be needing 8 x Antminers S7 to get $1500 per month (assuming no network difficulty change, which there is all the time). Aside from everybody's comments, you should make sure that it's noise wouldn't be a problem for you (these are very loud, just look at some YouTube videos).
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The thing with nowadays kids is, those that not the least are the ones who talk the most (clearly the case with this boy). The facts that he kept saying BTCitcoin is anonymous, shows clear indication of lack of knowledge (it's so simple yet he clearly doesn't have any idea). The only other things that he sited was the decentralized nature and it's loss of value in few days but that's not what BTCitcoin is only about and clearly there are a lot of other things that makes BTCitcoin unique. IMO he just needed a little bit of attention and he clearly got it this way.
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The reason for this, could be the fact that they had few users choosing BTCitcoin payments options over the others and have seen similar cases in the past that bitcoin used to be accepted and then ditched in the future, due to less demand. IMO this move is bad for them and us since it bad for us because simply we love using it and it has it's advantages of itself while compared to other options for this kind of industry but also for them, due to the fact, it won't take too much for this to continue receiving payments in BTCitcoin (at all), and yet they ditched a whole market that would surely grow in the future.
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You will be needing 5 x Antminer S7 (with current difficulty and BTCitcoin value of $463). The exact TH/s needed is 23.15 TH/s and with those, it gives you 23.65 TH/s (a little more than required but with difficulty changes it comes handy). Currently a single Antminer S7 goes for $533 (excluding shipping), but if you look closely in the computer hardware's section, you could find some giving free $100 discount coupons for Antminer S7 (current batch). Lastly they all need PSU's as well so have that in mind too.
Regarding cloud based minings, it would be better if you wouldn't use any one of them (even though there's one that until now has been clean and trustworthy). It would be better you invest on something you have full control over them.
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If by then, I've been able to accumulated around 30 BTCitcoin (2 to 3 BTCitcoins per month - separate to my real life income), then that would be the point in which I could call myself a happy one. But on the other hand since it's value isn't stable and were all unsure of it's future value, then my number is regardless of future and purely based with current rate.
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Although it's really nice someone investing such amount in BTCitcoin, in order to gain certain profit in the long run but you also gave up almost whatever savings you had and in case of emergency, those would have been handy. Another thing is, you literally gave information to a possible criminal mind on how to locate those so you might want to change it's location now and this time don't share with us. There's a lot of other ways to make it safe just like how some have mentioned and I advise to change your initial plan the soonest.
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I'll exchange all the BTCitcoins that I have on my disposal to fiat, then will find a local guy that sells BTCitcoin mining rigs, then pay him in fiat for mining rigs (I'll buy as much as I could afford) and use those to mine BTCitcoin which is the best possible option in terms of profit. Take note that this don't apply to others since I have a very cheap electricity compared to most.
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Well even though it's nice to see about how you could withdraw your earning in BTCitcoin now (on Kinguin) and exchange it to GM and other digital currencies or vice versa (Gamecredits), it still lacks something. Recent BTCitcoin payment implementation in steam is really great but more platforms should embrace it if it's going to make it known much better. For instance does online platforms that you need to buy certain premium privileges could have a good impact since users have to keep on using it, something like nexon platform might be good (for instance Warrock game needs this).
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It seems that they've come out of beta too but haven't openly made an announcement on twitter, probably to make most users log into the new one instead since by default, it always goes to the new wallet instead and you have to be careful to not log in right away due to inability to go back to the old one (legacy). Base on the signs, there's still lack of signing messages so definitely something to consider prior to the upgrade. The only good thing that I've seen so far is that, the new version has better interface but lacks functionality. It seems that the old API had some changes for developers since there's a message on top of the page saying: "If you are a current user of our Receive Payments or Blockchain Wallet APIs, please visit the documentation for important updates." So most likely the old one wouldn't work to an extent.
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Was your "Default Fee Policy" set to Frugal instead of normal one (on your account settings)? That's the only way it could be sent through quick send option, without any miners fee. And if that's the case then maybe you accidentally chose it and as result, that would be your mistake (not theirs). I've mine on normal fee and none of my transactions that I used quick send, ever went without a fee.
After checking your address, it seems your attempting a double spend, so hopefully it gets drop the soonest.
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My first try on minionfaucet and it gave me the following error: "You didn't wait for an hour. Shame on you." (it was literally my first try so there's a coding problem there). Another thing is, paytoshi has a log of bugs (not sure if it's fixed). I've reached the payout threshold in the past but never got those delivered to my own address so I think using faucetbox is the best thing, even Xapo could be a better alternative.
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I disagree with you on this one. Just because there are some majority holders, doesn't make it to have less importance since functionality wise everything is still the same and regardless of how this could have indirect results in the market, there will be users all the time.
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