|
In general Bitcoin holding is just like gambling. There is a viable amount of risk, almost the same as most gambling games. The price is highly volatile, a single event [eg. collapse of Mt gox] can affect the BTC price. It would make sense to only invest what you can lose and not your life savings. If you have invested at $1000, it wouldn't be a good investment if you look at it now. If you invested at $1, it would have been an excellent investment.
|
|
|
|
So I happened to find an old bitcoin mining rig thats still in complete working condition, it has 10 GPU's and a power supply, i don't think it would be profitable to use it for mining, is there anything else i can do with 10 GPU's?
It would be hard to define complete working condition. Even though it is working, the performance is likely to be lower due to the long hours of power on time. Failure rate would be quite high due to the constant heat too. If it has 10 GPU with one single power supply, it would possibly be a low powered GPU, not suitable for gaming. You may want to try to use it for alt coin mining. Due to the volatility, your profitability can be negative or positive. |
|
|
|
Earning bitcoin by fauctes and buying and selling bitcoin and by trade with reliable person. signature compaign is also way of earning Bitcoin.
Faucets aren't the best way due to the smallish payouts. Unless you are looking to earn cents per day by filling captcha. I doubt much trustworthy people would be interested to trade large volumes per month. You can't earn viable amount unless you have either large amount of BTC or fiat. The fees have to be competitive too. It is more of an investment than earning from 0 BTC. For signatures, look at https://bitcointalk.org/index.php?topic=615953.0. There aren't good rates for Jr member but still better than the mentioned options. |
|
|
|
any idea what to do except waiting or praying?
Yes... I'm thinking this might work... Basic Idea is that you swipe the unconfirmed transaction to another address you own. Most wallets actually have many addresses in the pool. Anyway, when you swipe the unconfirmed transaction, you put a real juicy TX fee on your swipe TX. Point is for a miner to claim the juicy swipe TX, they have to confirm your floating TX with it. Basically you pay a bounty for a miner to mine your incoming transactions. That's the BIP anyway. I know I sound like a broken record on this, hopefully once I run some tests on testnet3 I can back it up with some code or results... Just a proposal based on theory right now. EDIT On Bitcoin-Qt v0.10.2, when you prepare your SEND transaction, there is a button for "Choose Fee". Default is 25 blocks for confirmation, if you max it out, it claims you will get confirmations in 1 block. Isn't there something called the replace by fee patch which miners can accept the transaction with more fee than the transaction with less fee? Most mining pool didn't implement that. IIRC, most miners only accept the transaction which reaches their node first and most nodes only relay transactions with inputs that aren't already in your mempool. The 1 block fee can be quite high if the network load is high. If an attacker stresses the network with high fees, your transactions will get pushed down to the bottom unless you are willing to pay a premium. Nothing. Even though it is small and the outputs are of a good size, your coin age is low. The coin age resets everytime the inputs is used so your input's coin age gets low. If you want fast confirmation, use at least 0.00001 BTC as a fee. |
|
|
|
|
As per our PM,
Username: ranochigo
Rank: Sr Member
Post count: 2060
Address: 192fqgb5aCKrjNkudGqSWR6Nuu4J8tEMB7
|
|
|
|
Very high starting bid. Try lowering it.
I would consider lowering it if it's any other of sr member account. I won't lower this one since you hardly find a early account with a good post quality. |
|
|
|
can you de-stick this thread ?
v0.10.x solve the slow network diffusion ... only SLOW blockchain creation is from CPU and HARD DRIVE SPEED issues.
Core 2 Duo 2,9GHz = 3 days to recreate the blockchain.
This isn't much of an issue. Most people at least would have I3 or I5, if they don't have that, SPV clients would be a better way to go. But still, a Pentium g3258 is quite powerful while being under 80USD. The main problem is that he is talking about using a external HDD which may be a bottleneck and we don't really know his internet speed yet. |
|
|
|
|
There are currently no bids. Auction will end in less than 36 hours.
*mods please delete previous bumps.
|
|
|
|
Hi all, sorry in advance if this is a silly question, but am bit of a newbie to this - please can someone advise me on how I transfer bitcoins from my wallet (using Electrum 2.3.2) to my bank account? Do I need to change/sell them back to GBP first via localbitcoins or similar site, or is there a way of transferring directly from wallet please? Thanks in advance  you can order Bit-x debit card and u can use it on any ATM. Your card is tied with your BTC balance in your Bit-x account. You send BTC to your account and then withdraw GBP on nearest ATM machine. Bit-x will convert your BTC to GBP at current exch. rate. Then you go with money to your bank, and make deposit to your bank account. BIT-X fee is high especially inactive fee, so I recommend http://www.advcash.com/. If I'm not wrong, advcash needs your ID even when requesting for a physical debit card. Bit-x doesn't need it but the fees are high. It's basically you need to pay a premium for privacy. |
|
|
|
Hi guys,
I like the idea of crypto currency and thought it would be fun to try mining. I have been reading up on the more popular currencies, I.e BTC and litecoin. It seems mining for profit is pointless unless large scale and using specialised hardware, I would like to see at least some cents worth.
I have Mini itx size pc if any random coins still use gpu mining, otherwise I thought perhaps a Raspberry and usb miner like Antminer U3 etc.
Is there any coins that are not too difficult to mine and is not totally volatile? As stated I'm not looking to make profits, just experience budget mining and see something in a wallet and I would like it keep is small and quiet like a raspberry project etc.
Thank you
Hardware mining is so 2013. Have not you heard of cloud mining ? Cloudmining is just handing your money to companies who promise that they are "mining" on real hardwares and promising real returns. Hardware mining is much more profitable than cloudmining, believe or not. Cloudmining incurs more expenses than self owned mining since maintenance fees are high and electrical fees only take a small part of the entire fees. Cloudmining also have more risk. |
|
|
|
um why are people complaining about blockchain size I mean 1tb drives aren't that expensive
I helped a friend download the blockchain a couple of days ago and set up a node, it only took 2 days to download and about 38 GB iirc on a 1tb external drive Might have been faster to use the torrent but we were not in a hurry anyway and the laptop was around 7 years old so probably the cpu would have kept us from going much faster I think most people could spare 38GB at the price drives are now, for the people who can't there is always multibit By the time he can fill that 1tb drive, it maybe several years down the line and storage and bandwidth will be much cheaper than now It should probably be around the same speed since there is headers-first synchronization. Just out of curiousity, did it took 2 actual days to download and what version are you using? Unless you have weak CPU and the external drives becomes a bottleneck, it should take slightly less than 1 day max. Torrent version is quite far behind so they can still take sometime to download the remaining blocks. |
|
|
|
Hi all, sorry in advance if this is a silly question, but am bit of a newbie to this - please can someone advise me on how I transfer bitcoins from my wallet (using Electrum 2.3.2) to my bank account? Do I need to change/sell them back to GBP first via localbitcoins or similar site, or is there a way of transferring directly from wallet please? Thanks in advance you can sell them back to GBP first via localbitcoins or you can use bitsamp, bitsamp is bigger market where you can withdraw with wirebank or you can sell your bitcoin in here section https://bitcointalk.org/index.php?board=53.0Bitsamp? Isn't it Bitstamp? LocalBitcoins offers a variety of methods for you to exchange your BTC to cash or vice versa. They are basically a middleman. Alternatively, you can try kraken which doesn't require ID verification for basic low limits withdrawals which is more convenient than Bitstamp since they require ID verification and can take days. Both of them allow SEPA withdrawal method. |
|
|
|
How about I give the root key to my server
Change it and give back on payment
That's the same as giving someone your PayPal password. You can easily reset it back via the control panel or do a full wipe. Furthermore, there isn't a way to prove that the server is not expiring soon and it wasn't hacked. It isn't worth a lot anyway. |
|
|
|
Some reputable sites like the long lasting cex.io and the newly emerged bit-x.com allows bitcoin cloud mining from 0.0001 BTC. I had used cex.io for fun when the difficulty was 1/3 of now, and the price was about 5x of now. So mining now is more profitable than before, however the ROI time is still long, like about 1 year. Also by the increasing difficulty you may never get a ROI. Better choose a site that allows you to resell you hashing so you can stop any loss/take the profit anytime you want.
If I'm not wrong, the cloudmining operations for cex.io has been suspended due to the price and maintenance fees. ROI has not been possible after factoring in the maintenance fees. The only was to make money there was by trading but that isn't technically mining. |
|
|
|
Hi guys,
I like the idea of crypto currency and thought it would be fun to try mining. I have been reading up on the more popular currencies, I.e BTC and litecoin. It seems mining for profit is pointless unless large scale and using specialised hardware, I would like to see at least some cents worth.
I have Mini itx size pc if any random coins still use gpu mining, otherwise I thought perhaps a Raspberry and usb miner like Antminer U3 etc.
Is there any coins that are not too difficult to mine and is not totally volatile? As stated I'm not looking to make profits, just experience budget mining and see something in a wallet and I would like it keep is small and quiet like a raspberry project etc.
Thank you
Mini ITX PCs tend to have worst airflow due to their size. It isn't recommended to do any mining in them since the temperature is quite high. The potential of decreasing the lifespan of your PC is high. Antminer U3 mines on SHA256D cryptocurrencies. There aren't many of them and for most of them, there would be lots of competition already. If you want to try, try out Unobtanium [from http://coinchoose.com/], they have pretty good profitability and isn't too hard to mine. |
|
|
|
|
* Anyone below Jr member should PM before making a bid.
|
|
|
|
|
This account was originally used for participating in signature campaign. All of the recent, large portion of total posts are considered as constructive.
Account info:
Registered: Early 2011
Activity: 320+
Posts: 350+
Trust: 0: -0 / +0(0)
One untrusted positive feedback
On Default Trust: No
Signed message: yes
Starting bid: 0.3BTC
Bid increment: 0.005BTC
BIN: 0.5BTC
Ending time: June 30 2015 12PM GMT [Ending time extended by 15 minutes if any bid is made after June 30 11.45am]
This account has never been banned and it does not have any open loans.
|
|
|
|
|
Show Posts
