Bitcoin Forum
May 24, 2024, 04:39:24 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 [35] 36 37 38 39 40 41 42 43 44 45 46 47 48 49 »
681  Alternate cryptocurrencies / Mining (Altcoins) / Re: Which pool for mining VIVO? on: June 02, 2018, 09:18:22 PM
Have you checked the VIVP ANN thread on this forum:

https://bitcointalk.org/index.php?topic=2110690.0

There is a list of mining pools. I see that some of them might not be functional any more, but, for example, on https://www.mining-dutch.nl/ you can mine VIVO.

By the way, I find it fascinating that the official VIVO website has no info about where a person can mine their currency. Really strange.
682  Alternate cryptocurrencies / Altcoin Discussion / Re: Easy Way to Claim Fork Coins - Import Electrum Seed into Bither? on: June 02, 2018, 09:06:00 PM
is it possible to import your electrum wallet seed (regular btc addresses)
into bither?
Why would you want to import Electrum wallet seed in Bither? You should check whether they are compatible (do they use the same standard) to begin with. Btw, I'm curious, what can you do with Bither that you cannot do with Electrum?

bither will sync and import all private keys automatically?

cause I have a couple hundred private keys and it will take FOREVER to import
them manually into the bither 'import private key copy paste ' function.

I'm not really familiar with Bither, but you would definitely need to check whether the standards are the same. There are two prevalent standards for HD wallets and mnemonic seed generation, BIP-39 and Electrum compliant schemes. If they are compliant, then yes, you can import the seed and you won't have to copy paste each private key manually.
683  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining DGB on: June 02, 2018, 05:23:47 PM
I'm not really sure that is the normal rate for your hardware. I think you should be getting more, even without overclocking. My Nvidia 1080 Ti can get something like 880 MH/s with overclocking using the same ccminerAlexis78 miner for the Skein algo. Maybe you should check the ccminer version and/or try other mining software. The best tool for overclocking that I know of is MSI Afterburner.
684  Economy / Trading Discussion / Re: Which indicator's are best for BUY decision? on: June 02, 2018, 01:28:34 PM
Recently I've started using Ichimoku Cloud. It is a sort of several indicators packed into one.
It can help you recognize support or resistance levels and the approximate moments of trend reversals.
It works equally well for BUY and SELL decisions. If you choose to get into Ichimoku, here is a great
youtube video:

How to Use the Ichimoku Cloud - Technical Analysis Series

I promise you it's entirely worth your time.
685  Alternate cryptocurrencies / Altcoin Discussion / Re: I want to buy my first crypto on: June 02, 2018, 12:35:19 PM
Is it just me or are you also seeing something strange about the OP's post?


Which one is it? Are you buying or selling? Because if you already own some YDY, how come you want to buy your first tokens? Probably you want to buy your second tokens.
686  Alternate cryptocurrencies / Altcoin Discussion / Re: Atomic cross chain trading on: June 02, 2018, 11:42:48 AM
Atomic cross-chain trading (Atomic swaps is another name) is, for example, when you hold, say, BTC and I hold LTC and we decide to trade directly without a centralized exchange to serve as a mediator.

The problem is, of course, who sends the coins first. Can the sender trust the other person that they will send their coins back without cheating, or, for example, without chaning the agreed upon exchange rate.

It's fine when you trade with someone you know (like it happened recently when the creator of Litecoin successfully traded LTC for BTC, VTC, and DCR), but what about when you don't know the other person? Hence a trustless mechanism is needed.

In principle, these swaps rely on two mechanisms: either on using time locks or on using contracts.

More info: https://en.bitcoin.it/wiki/Atomic_cross-chain_trading
687  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which new promising altcoin to mine ? on: June 02, 2018, 09:31:13 AM
First of all, what coin you are going to mine very much depends on your hardware. Not all algos are equally suited for certain classes of hardware.

I don't care if it's profitable now or not and don't tell me "go mine XMR, ETH, etc..." or "Mine BTC and buy the coins"...

Any good coins ?

That can be a risky but profitable strategy. To choose a relatively unknown but promising coin (by relatively I mean at least promising in the short run) without checking the current profitability. Once it goes up, dump the coins and make profit.

I suggest looking into X16R or X16S coins. They seem to be ASIC resistant, at least for the time being.
688  Bitcoin / Wallet software / Plausible Deniability: BIP-39 and Electrum Wallet on: June 02, 2018, 09:12:57 AM
In "Mastering Bitcoin" Andreas Antonopoulos talks about seed derivation in a BIP-39 compatible wallet (e.g., Trezor) from a mnemonic phrase + salt.

The mnemonic (typically 12 words phrase) is derived for you automatically by the wallet. (Or you can provide it yourself as discussed in this post.) The standard allows adding some salt words at the end, and then the seed is generated. It is derived by repeatedly hashing the combination of mnemonic phrase + salt with a key stretching function called PBKDF2.

Code:
PBKDF2(mnemonic phrase + salt)=seed 
The principle is illustrated in this image [1]:


Every salt we choose to extend the initial mnemonic phrase yields a different seed, which means each time a totally different (HD) wallet is obtained with different public and private keys.

Andreas Antonopoulos mentions the possibility to use this salting procedure to create a situation with 2 wallets derived from the same mnemonic phrase. This will serve as a form of plausible deniability to help us protect our wallet in case of attack.

Here is what he says:

Quote
A form of plausible deniability or "duress wallet," where a chosen passphrase leads to a wallet with a small amount of funds used to distract an attacker from the "real" wallet that contains the majority of funds. [1]

Now, Electrum does not follow the BIP-39 standard, but we can use more or less the same trick with Electrum as well.

Here is how I think it could work (please feel free to correct me if this guide is wrong at some point):

Step by Step Guide for Electrum

In principle, we can use one and the same computer with the same Electrum installation, but it is much better to have Electrum installed on 2 computers: computer A which can be air gapped and serve for cold storage and computer B - any other computer.

Computer A

1.
Here we create the wallet that will keep the majority of our funds. It should preferably be on an air gapped computer. Verify your Electrum installation files (if you don't know how, here is a guide how to do that on Windows and LInux).  Check "Standard wallet" and click "Next"


2. Choose "Create a new seed" and click "Next"


3. For Seed type choose "Standard" and click "Next"


4. Write down the mnemonic phrase


5. Then choose Options and mark the checkbox like this:


6. Enter the passphrase you are going to extend your mnemonic with.


I think you can choose something easy to remember, it doesn't have to be a complicated password. The point here is not to increase the entropy or improve the cryptographic security. The point is to create a totally different wallet from the same initial mnemonic phrase.

7. Now confirm the seed


8. Then confirm the passphrase


9. You may encrypt the wallet if you like

At this point, it is important NOT to confuse the wallet encryption with the mnemonic seed extension from the previous steps. They are two very different things with two different purposes.

10. Now you have installed your real wallet on the air gapped computer.

Computer B

11. Go to the other computer, probably the one you use daily.

12. Rather than creating a new seed, choose "I already have a seed"


13. Enter the same mnemonic from before, but now don't click on "Options" and don't extend it with a passphrase.

14. Finish the remaining steps and again, you can encrypt this wallet too if you like.

Similar procedure can be followed for a BIP-39 type of wallet.

What have we achieved?

We have created 2 wallets from the same initial 12 words. They hold different keys and different addresses, which is easy to check.

Our real wallet with (hopefully) significant funds is extended with a passphrase.

The other, decoy wallet, is not extended at all. It may hold small amount of funds which you can afford to lose in case of attack.

Say someone (a possible attacker) came into possession of your mnemonic. After all, there's no other way but to keep this phrase on paper (or in memory which can be risky).

So, in case of attack, you can give the attacker access to your fake wallet, while your main wallet remains protected.

You can also feel more at ease, having several copies of your mnemonic at different locations, and knowing that compromising the security of your mnemonic is not the end of the world.

I would appreciate your thoughts, and especially if there's something that is not done correctly.


Reference:

[1] https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch05.asciidoc


689  Alternate cryptocurrencies / Mining (Altcoins) / Re: Electroneum - After the fork on: June 02, 2018, 07:56:15 AM
This is a difficult one. There are a few problems right now. Empty blocks, low hashpower for the difficulty, time between blocks is very high. You normally do not get paid until a block is mined. Since the pool has not found a block, you are not going to see a payment. The hope is that the pool finds the block and the Bonus system that is currently in place will pay out and you will be compensated for your mining effort.

I've been on it sice the start and still have 0 due from hashvault pool despite over 6000 accepted shares.  any help would be appreciated.

This can only mean one thing. The network difficulty hasn't been adjusted for the new, much lower overall hash power. Shouldn't the developers have considered this fact before the hard fork? They could have roughly estimated the new hash power and reduced the difficulty accordingly. 
690  Alternate cryptocurrencies / Mining (Altcoins) / Re: Electroneum - After the fork on: June 01, 2018, 06:26:58 PM
Do you know what percentage of the network has moved to the new mining software? I imagine the hashrate must be low currently, so it has to be beneficial for people who mine cryptonight to move to your coin. Can you share some insight as to how the fork was done. Specifically, to what extent was the algo changed, and is it now fully ASIC resistant.
691  Bitcoin / Bitcoin Discussion / Re: Bitcoin can never be be mainstream, because bankers and corporations.... on: June 01, 2018, 05:43:44 PM
THE BANKERS and CORPORATIONS have got o strong and are so much used to suck easy blood of generals that i dont think they will simply allow bitcoin revolution to pass, atleast there will be a WW type of bloodshed globally in order to this system to come into force completely.
If they can help it, the bankers and corporations won't allow the bitcoin mass adoption. The question is whether or not they can stop the wheel from turning now. And yes, they will fight it with every resource they have at their disposal. Maybe it won't be a bloodshed, but it will be a good fight, that's for sure.

There are still some mature writings missing on the broad economic implementation of bitcoin, or atleast there is a need to collect small writings and collect it in a single big volume.
It's too early for that. I think such writings will follow, once mainstream adoption has become certain.
692  Alternate cryptocurrencies / Altcoin Discussion / Re: Bittrex USD trading pairs on: June 01, 2018, 04:39:43 PM
Personally, I would welcome this, as I'm pretty bored of the altcoins following BTC's trend. Even if some big names criticise Bitcoin, but not any other coin, makes the whole market drop, while only Bitcoin should. This may change easily, and I'm hoping for it.
As I see it, Bitcoin is technically outdated, and I see no point of it other than everything trades into it.

I get your point, but for me, it all comes down to where you put your trust in. I personally value BTC much much higher than USD.
To me, it only makes sense to trade vs BTC. Bitcoin is my reference point, because it is ultimately the currency I would like to keep.
As for being technically outdated, I have to disagree. When billions of dollars are at stake, you need no fancy untested technologies.
You need a stable, tested code, a code backed up by excellent developers that has endured the test of time.
Otherwise things like the Ethereum DAO hack or similar hacks are just around the corner.
693  Alternate cryptocurrencies / Altcoin Discussion / Re: Be careful submitting your information(KYC) to random ICOS on: June 01, 2018, 04:25:10 PM
I take part in many ICOs, and bounties. Recently I have noticed a trend where even tiny unknown coins are requiring purchasers and bounty participants to submit their personal info before they receive or unlock their coins. In some cases they do not even mention this until after buying.

That's what I find the most irritating with some bounty campaigns out there. It is completely fine and acceptable to clearly say up front that KYC is required for all participants in their campaigns. People who care about their privacy and anonymity may choose to leave. But to ask for KYC afterward, that's totally unacceptable. For me, my privacy is way too valuable to trade it for any bounty, payment, or reward.
694  Alternate cryptocurrencies / Mining (Altcoins) / Re: what should i mine and how? on: May 31, 2018, 03:55:13 PM
Nicehash does have somewhat substantial fees (which is a tradeoff of using one-button mining software), so it may be wise to simply go on Whattomine
Yes, and another thing: with Nacehash and his GPU, it would take something like eternity to cross the payout threshold, which is pretty hefty (if they haven't reduced it in the meantime). So yes, Whattomine is a way to go.
695  Economy / Trading Discussion / Re: Which instant Crypto-to-Crypto exchange ? on: May 31, 2018, 03:08:25 PM
Whats the most trustworthy instant crypto-to-crypto exchange at the moment, are shapeshift, changelly any good still ?

If you are looking for instant crypto-to-crypto exchanges, neither shapeshift nor changelly are really instant. I've had some experience with shapeshift in the past. You may have to wait several hours or more, depending on the current circumstances. I don't know what the situation is now, but there were times when a single transaction could take days to be realized.
696  Alternate cryptocurrencies / Mining (Altcoins) / Re: what should i mine and how? on: May 31, 2018, 02:57:11 PM
Hello , i have a gaming pc and i used to spend around 3-4 hours using it daily , i want to try using it for mining when i am not around ...

It's possible to mine part time, but don't expect huge profits.

-GTX1080 8GB

With your GPU, you might want to try mining Equihash or Lyra2v2 coins.

i know some of these specs doesn't matter for mining , just to make sure .

Exactly. It probably makes no sense to mine using your CPU. Use your GPU.

single GPU is earning slow but as long as it's profitable , im in .

No, you won't earn much. It also depends on the price of electricity you would have to pay in your country.

i would like to ask for some advice ,  what coin should i mine ( with better profit ) , where & how ...

Go to http://whattomine.com/ and enter your graphic card. It will give you some ideas what coins to mine and go from there.
In general, you would have to (i) install the right software for the chosen algo and (ii) join a pool.

697  Alternate cryptocurrencies / Altcoin Discussion / Re: Best masternode coins to invest in? on: May 31, 2018, 02:13:46 PM
Be careful with masternode coins in general, but especially when they promise huge ROI. Many masternode coins try to attract new investors by promising insane returns, but soon enough they find themselves on a downward spiral. So even though you migh see some ROI initially, that period might be followed by a huge depreciation of value. Dash is probably the most stable masternode coin, but the requirement is to have a minimum of 1000 coins for a MN.
698  Alternate cryptocurrencies / Altcoin Discussion / Re: Which is the best privacy-focused cryptocurrency? on: May 31, 2018, 07:32:49 AM
Zcash, Monero, Sah or PivX ?
I guess you mean Dash, not Sah.

If I had to choose, I would choose Monero. In short, comparing the privacy features:

Monero: ring signatures + confidential transactions + stealth addresses + privacy by default
Zcash: zk-SNARKs (privacy is optional)
Dash:  CoinJoin method
PivX: architecture similar to Dash, uses Zerocoin method

This topic was already discussed on the forum, for example, check out this great post.
699  Alternate cryptocurrencies / Altcoin Discussion / Re: EOS and Cardano are better than Bitcoin on: May 30, 2018, 03:33:11 PM
If technically speaking, a lot of altcoin actually exceeds bitcoin.
I can't help myself but laugh at this statement. I don't think people are aware what they are doing when comparing bitcoin to these quasi-coins.
I mean, EOS doesn't even have a mainnet yet. How can it possibly rank higher than Bitcoin and compare with its fully functional 9+ year old mainnet??
700  Economy / Trading Discussion / Re: Does a Trible bottom confirm a Bullish sentiment always? on: May 30, 2018, 02:55:04 PM
As it is usually the case with technical analysis, you shouldn't use just this one indicator to make a final decision.
You should use several indicators in conjunction before making a move.

As for triple bottoms, you have to make sure that (i) there is a bearish trend before the occurrence of the triple bottom
pattern, (ii) there is a drop in volume indicating that the bears are losing strength, and (iii) the three oscillations should be of
roughly equal intensity. 

More info on these three conditions: https://www.investopedia.com/terms/t/triplebottom.asp

To summarize, use this signal together with other signals, like divergences, Ichimoku cloud crossings, and others.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 [35] 36 37 38 39 40 41 42 43 44 45 46 47 48 49 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!