|
So many Satoshi post's today all of a sudden in many of these sub-categories. Wonder why?
One common trend is that I find that whenever there is a huge Bitcoin bubble, everybody starts to go for the hunt of Satoshi. It happened in 2013-2014 when they found that old guy living in California which had the name Dorian Nakamoto. And during Q4 2017 bullrun there were many posts about "Who is Satoshi".
And now history repeats, BTC hit $14K about a month back and everybody wants to find the whereabouts of Satoshi Nakomoto again.
I honestly don't think he will ever be revealed.
|
|
|
|
this is my default position. i only sign transactions offline on an airgapped machine. how vulnerable do you think this setup is when using USB thumb drives instead of QR code?
I used to use thumb drives to sign transactions back to the online computer but then got a little paranoid after reading some article that its possible to get some virus that can re-program the USB Bios (or whatever that part of the USB flash drive is) and it can steal private keys when connected to the offline computer and when it gets back on the online computer it will send it to the hackers server. This seemed very rare but I decided to use QR code instead with air gapped digital camera's going back and forth. |
|
|
|
|
I think the reason why they got delisted was either due to low trade volumes or due to the dev miner fee where a large percentage of a mined block was sent to the developers wallet.
From what I recall the block reward was 314 MUSIC and later it was reduced to 250 MUSIC where the difference went to the dev wallet.
This created an issue because it pretty much was no different than having a premine and generally coins which have premine are similiar to ICOs and most of those were labelled as securities and since Bittrex is in USA they need to comply with SEC.
Most likely if they never did the forced dev block miner fee, then they would of remained listed.
|
|
|
|
|
In Canada there is an even bigger mess with Crypto taxes.
I don't know if you guys heard of QuadrigaCX, it was the largest exchange in Canada that went bankrupt at the beginning of the year. Apparently the owner sent all the customer's Bitcoins to Bitmex and Bitfinex and margin traded it all and got liquidated when BTC broke $6K last year and faked his death.
Most Canadian's used this exchange including me. I stopped using it 2 years ago due to withdraw issues was a blessing in disguise. However I think that more than 75% of all Canadian's probably used the exchange and when it went bankrupt the website went offline.
Now here is the part where it gets crazy. People couldn't login to get their trading records for taxes. And basically the CRA (IRS equilvaent) told people to "guess" how much they made and to try to guess higher rather than lower because when the website comes back online in a few years they might need to do a final adjustment.
|
|
|
|
Will you come to that point that you are going to ask for KYC?
I might depends on location where MintDice placed their company, and license they have (if they have it). Most of online casinos don't ask for KYCs, but there are some exceptions, especially if someone withdraw huge money, KYCs are required, just in those cases. High amoint of money really needs KYC but if you are player who withdrawing small amount of money KYC will not need for sure. But I don't think Mintdice will required KYc because player did not want KYC and as a team they did not allow to decrease their player because they requiring KYC. This is a common misconception and its not true. It doesn't matter whether its large amounts of BTC or small amounts, as long as your deposit is not from shady sources then most gambling sites won't have issues giving you a withdraw or ask for KYC. There are only a few sites that require KYC and one of them is that Pornhub casino and they require KYC because they accept credit card deposits. And there are 1 or 2 shady gambling sites that force KYC when you got a big win and they don't want to pay out so they use KYC as a last resort because they know that many people might forfeit the winnings, its only shady casinos that do this. Some large casinos might have KYC in the past and that was only because the deposit was from a tainted address, basically it was some stolen BTC and it was sent to the casino and didn't make any bets and a withdraw was attempted, so they tried to use the casino as a mixing service and got their funds frozen. |
|
|
|
|
This reminds me of what happened with eBay a few years back when they started to send IRS info from people who had sales over a certain threshold.
Basically people were making a living selling items on eBay and assumed it was tax free and got away with it for years until they started to crack down.
Most likely it's the same situation with crypto now.
|
|
|
|
|
There are too many people that think his tweet was bullish for the market. Their reasoning is that since he meantioned it, it means it is going mainstream and bullish for price. I think the only reason why he meantioned Bitcoin was probably due to all the mess that Libra created that week, if Facebook never went into Crypto then most likely it wouldn't be on his radar.
I don't think he can outright ban it but if he meantions something of this sort then most likely price will tank because all the US institutional investors would be running for the doors. And that would definitely put a negative trend on the price, even though it might not actually get banned in the US.
|
|
|
|
|
If it is almost always restarting around the 24 hour mark then it's most likely some software update or some hibernate cycle that you got set.
Go to power settings and make sure everything is Always On and not to suspend or hibernate after 1 day.
Another issue could be it might be some virus scanner that starts everyday after there is 24 hours of inactivity or some type of Windows Update which always fails to install and 24 hours later tries again and has the same issue.
Don't think it's a GPU issue here.
|
|
|
|
|
Crypto taxes are never easy, even if you got the funds to pay the tax bill the amount of work involved to calculate everything out to the dollar is stressful.
You got websites like Bitcoin.Tax however it's never perfect and requires lots of manual intervention. Then there is the issue if you margin traded which the website does very poorly or not at all.
|
|
|
|
@Symphonized
Do you guys have a data that shows if the amount of bitcoin and wagers increase or decrease during bull runs and bear runs?
Like if bitcoin goes down, does the amount wagered here and the number wagered here changes? Same for bitcoin going down.
I feel like bitcoin going down must mean the bitcoin amount wagered here must be staying about the same but the number of wageres must be lowering and people would be betting bigger numbers per bet but the end result for total must be same. Whereas when bitcoin goes up they must be betting smaller ones but more frequently which still the end result stays the same. I have no data to back this up and if you could ask one of your guys to check how the price changes affect primedice or if there is any affect or not, that could be an awesome information.
If I were to guess I would say that as Bitcoin goes down so does the amount of bets and amount wagered. When BTC is up, people have more net worth and they spent it on either products or gambling. When BTC is down, people have less disposible income and cut back on certain things like gambling. One way you can calculate this is see how many rolls per day or week were performed during a bull market and compare it to a bear market. I understand that the amount wagered can't be calculated this way but assume its the same. So most likely the amount of rolls in a bear market will be less than a bull market like today. |
|
|
|
The person who sold all these 150 gpus was relieved from heavy sleepiness duty ehhe
He sold and took a long vacation and never looked back. This person was finally unchained.
You trolls will never understand what freedom really is until you do exactly what this person has done ehhe
This person enjoy and understands what freedom really is ehhe
The funny thing is that this is how I felt when I ran a large GPU farm. I still mine but with a few GPUs here and there and mostly for fun. Basically only betting on ETHBTC going to 0.05BTC one day and will sell it all for BTC and Hodl that. I remember the stress of having GPUs crash and I had alerts set and was awoken many hours of the night. And when I wasn't home I kept getting alerts about crashed rigs and had to drive home, reboot the rig, and drive back. This got very stressful during the $5/day/GPU when there was alot of profit on the line. Now that the profitability is much lower you can sleep throughout the night and not worry, because a crashed rig doesn't cost you as much as before. |
|
|
|
|
Only way to predict the peak is in hindsight, however if you look at the weekly charts and do basic analysis of those you will see when you should get out so it doesn't go down further.
When the peak was hit in 2017, everybody was buying the dips in 2018 however what the smarter traders noticed was that it kept making lower highs and usually kept hitting the 61.8 fib and heading back down.
So the writing was on the wall that $6K would eventually break and cause a huge sell-off.
|
|
|
|
|
Forex brokers which are regulated all require some form of KYC. Whether its a simple bank statement or something more of like a Passport photo, all of them will require something.
The issue with using a forex broker which didn't do KYC and accepts Crypto as deposits is as follows. Most people about 99% that make a deposit, usually end up losing that deposit due to poor trading. The problems will start if you are the 1% which actually makes money.
You try and make a withdraw and most likely it will get flagged. You will be demanded KYC and even if you provide it , since they aren't regulated you might not get paid anyways. These brokers are typically bucket shop brokers, they trade against you.
So if you want to trade forex just use a legit Forex broker and do it the proper way with KYC and make a deposit from your bank or Credit card.
|
|
|
|
All bitcoin maximalists like to say that Bitcoin is the only coin we should buy, but there could be others we should look at, which at the moment are not clear.
Clearly ETH is not a store of value.
Which coin do you think can be the Silver2.0 or Copper2.0, just like Bitcoin is Gold2.0
Any new coin with merit and deflationary supply curve like Bitcoin ?
What do you think ?
PS: Dont shill your bags, it is not the purpose of this thread
I don't think any of the other alts are really considered store of value. The reason why bitcoin is/was considered store of value was because making transactions on the bitcoin network can get expensive. Hence people only buy it for the long term. If the transaction fees go back to the $50/transaction then most likely people will buy Bitcoin once and keep it stored and then sell it a few months/years later paying the expensive transaction fee only once. This is just an example, it doesn't mean the fees will actually go that high. ETH and LTC don't really suffer from these high fees. Its very cheap sending coins on most alt-coin these days. That's why many sites have started to accept alts because the network is more clear and its quicker to send and receive coins. Only example I can think of Silver 2.0 is maybe Litecoin. |
|
|
|
it's high time to think about buying asic, if you are a miner. now only they can earn a normal amount. you can't do that on video cards
Well now is the time to order, isn't it - was going to order but Bitmain's prices are just too high, $480 for the S9k, plus import? I can get it for the same INCLUDING power supply on eBay from US sellers, so no point really. 6-8 months to ROI even with no power costs? No thanks. Difficulty will be 30-50% harder by then too. There's just no margins left basically. Maybe a huge facility with almost free power power and that cares enough to spend the $480 to hopefully eek out double that amount over the next three years of running the machine. If Bitcoin were to double in the year, doesn't even make sense to buy one ASIC... difficulty will only pile on faster. Even in 2017 when it was all time high, difficult was much lower than it is now. The demand has been met, it would look like... only thin margins remain. GPUs are still worth 40% of what they cost, but man, they'll keep dropping too. Already been a year since the 20xx series were announced. If you are worried about losing money on hardware then you should just stick with GPUs. They will always have a market for Gamers and Youtube Video renders, while ASICs on the other hand become expensive door stops. If you buy a bunch of second hand GPUs these days they won't go down in value too much unless you are getting the high end Nvidia stuff. If you buy a new ASIC today then most likely you will lose alot of money if BTC starts a bear market in the near future. So you are better off just not buying ASICs, especially since its going to be a hassle getting 240V. |
|
|
|
I recommend not RMAing cards for fans.
I recommend busting the power supply side instead.
A lot more work to check the bios when the card doesn't power.
I agree with you that you shouldn't RMA it for something simple as a dead fan because you can just simply re-oil the bearing yourself or buy a new fan on Aliexpress and swap it out. Since you have to pay for the shipping for the RMA, the cost will be equal so in this case you are better off just buying a fan rather than going thru the warranty process. I wouldn't recommend damaging the GPU however. These days GPUs rarely have exploding MOSFET or Capacitors and if you do it on purpose they would know very easily and you would get blacklisted since its highly illegal doing so. These RX 470's are so cheap these days that if one is completely dead just buy another one for like $75 on eBay. Not worth going thru this huge hassle. |
|
|
|
How much btc would you say is a big amount? Even 1 btc now is a big amount to most people right? I mean 0.5 btc is still over 5k usd.
I'm curious but are there many ppl that kept btc in wallets like electrum and jaxxx and those other wallets when btc got really high and say they had like 5 btc there or more? I assume there had to been quite a lot of those ppl right? Since when btc was around the 250 mark, i mean everyone kept btc in electrum or paper wallet or exchange right?
People still keep their BTC in Electrum and Paper Wallets. There is nothing wrong with a paper wallet as long as you generate it correctly, basically offline. And destory the printer or USB afterwards which showed the private key. Same with Electrum, you can use it safely as long as you use it as cold storage and keep your keys on an offline computer which is never connected to the internet. I have to agree here. I don't think you really need all those fancy wallets as long as you know how to keep your stuff properly. The main issue is people forgetting their passwords or seeds. Which is also what makes them use online wallets that let you recover a username/password. And remember, just because things are offline doesn't mean you're safe. You can be ok from hackers but someone could always find out your key if you leave it lying around! The chances of someone finding your key and knowing its a bitcoin wallet key is very rare compared to getting hacked online. Basically if someone has access to your home they can take other things like your cash, SSN, etc. You can either try and remember the 12 words or you can just take a dictionary and mark those words. Nobody will steal a dictionary and let alone actually open it. Most people wouldn't even know what to do when they saw 12 words typed up. They would assume it maybe some poem of some sorts. |
|
|
|
No idea if any of you guys still have your R9 290 GPUs, but turns out you can still use them to mine ETH.
About a year ago I turned mine off because as the DAG grew the hashrate kept slowing down, and the power usage mostly stayed the same.
However now I learnt that its not the same bug that affected the R9 280X GPUs, its something with the Windows drivers and/or Claymore. So on Linux you can use another ETH miner like PhoenixMiner and get the regular 30MH/s rate back. Sure they are powerhogs but Winter will come in a few months and we can put some of them to use again; I almost sold mine on eBay and glad I kept them.
I have "retired" R9-390-8GBs, all 25 of them boxed up, never sold them and still in store room. These old faithfuls have been ROIed several times during the ETH days circa 2015-2016. I am tempted to revive these guys and do some testing like adaseb mentioned above. Any low power mining worthwhile doing before I risk getting a sore back pulling those boxes out from the store room? Basically there is a thread going on for this GPU at https://bitcointalk.org/index.php?topic=2586323.0You can mine GRIN and get like 2.5-2.7GPS, and the poster claims it uses less power than ETH but not sure how much. I have mine still boxed up like you and didn't power it up yet myself so didn't test. Most likely will wait until the Winter before I plug these bad boys in, I highly doubt they will come close to efficency as an RX 470 however. |
|
|
|
Why do some manufacteur's list BIOS's to download and flash on their website then. Take a look at this, https://www.asus.com/ca-en/Graphics-Cards/ROG-STRIX-RX570-O4G-GAMING/HelpDesk_Download/Scroll and find
Version - 2017/05/09
1.42 MBytes
Quiet BIOS for ROG-STRIX-RX570
Since its listed on their website you obviously are allowed to flash the bios, and most people save a backup so they flash back the original bios instead anything goes wrong. So I don't think its right for them to void warranties due to a simple bios flash. |
|
|
|
|
Show Posts
