Bitcoin Forum
June 07, 2024, 12:16:59 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 [364] 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 ... 463 »
7261  Other / Beginners & Help / Re: newbie restrictions on: June 21, 2015, 02:13:30 PM
Is there a newbie prison?
What are the restrictions?

It was gone a long time ago.
The main restrictions are having a 6 minutes break between post decreased linearly with activity. Reduced to 74 seconds when you get 16 activity. The signature is subjected to restrictions, no links, no long characters. You will have a warning message sent to the receiving party when sending PMs. You can send up to max 5 PM per hour at activity below 16.
7262  Bitcoin / Bitcoin Discussion / Re: What are the advantage for how run a master node? on: June 21, 2015, 02:07:55 PM
What are the advantage for how run a master node?
 Because for what that I have understand, running a master node has the weight of high hard disk space demanding, low time of synchronization, none "monetary" advantage…
I missing some thing?!?
Back in the days, you had to run a full client to spend Bitcoin or a full node to mine. Nodes are beneficial for Bitcoin as it forms the backbone of the blockchain. Without these nodes, there wouldn't be blockchain or Bitcoin. Bitcoin Core is safer than SPV clients for example since they don't trust miner to enforce the network rules. They are essentially trustless clients. Bitcoin nodes are best to be distributed evenly around the world. The general thinking is the more nodes, the better. The nodes would be beneficial towards anyone near you who is downloading the blockchain since the speed would be faster. There are also lots of features.

Like you mentioned, there are some downsides to running one. The required hard disk space is around 40GB+ as of now. If the block size increases in the future, the amount of increment would be much higher than now. The hard disk price is decreasing due to the introduction of SSD and lower production cost. It doesn't cost much to get a new hard disk. Synchronization is reduced significantly with the introduction of heads-first synchronization. This would allow the client to get the blocks simultaneously from various nodes connected thus reducing the time taken to synchronize. But the bottle neck is there if your CPU isn't very powerful. There isn't any incentive to run a node now although there is a program that randomly rewards users https://getaddr.bitnodes.io/nodes/incentive/. To run a node, you must first run Bitcoin Core and open TCP port 8333. Ensure that you have more than 8 connections. 8 outgoing and 1 or more incoming.

Gavin Andresen has said that the network doesn't need nodes that shuts down frequently or isn't reliable. Network needs high uptime and reliable ones.
7263  Bitcoin / Bitcoin Discussion / Re: From 370,000 Full Bitcoin Nodes to 6,000: What happened? on: June 19, 2015, 10:50:26 AM
It seems to me that there needs to be a distinction between "running a full node" and running Bitcoin Core.

There may have been 370k people running Bitcoin Core, but how much benefit were they providing to the network? Running Bitcoin Core long enough to sync the block chain and send some bitcoins or view your balance provides very little benefit, especially if you haven't opened port 8333.

If you have over 8 connections one can assume that port is open?
By default, Bitcoin Core only allows 8 outgoing connections. To attain more than that, port 8333 must be open. However, you can still modify net.cpp line 57 and change the max connections. The best way to check is by going to https://getaddr.bitnodes.io/ and check your connection by using the join the network.
7264  Economy / Speculation / Re: Why did cost of bitcoins surge to 1200 then drop to 500 and 200? on: June 18, 2015, 06:07:28 AM
Not a newb, but am a noob.

How did bitcoins rise so drastically???
I still remember this fairly clearly. That day, US Senate had a hearing and the price surged all the way to $900 before briefly crashing and China investors started to invest and accept Bitcoin then it surged past $1000. It was truly amazing I must say. Bitcoin was heavily regulated in China and it started to slide gradually. However, a few months later, Mt Gox became insolvent and the price crashed due to it being the largest exchange at that time and loss of confidence.
7265  Other / Beginners & Help / Re: How can bitcoin be used in shops, if payments take so long to process? on: June 18, 2015, 04:20:25 AM
Payments take long? They're instant. Sometimes I think the people who ask this question have never actually sent bitcoins themselves.
Even though double spending risk at no confirmation is little to none, the risk is still there. People don't understand how Bitcoin works and draw the conclusion that any no confirmation transaction have the risk of double spending. However, it is worth noting that in the event of 51% attack, transactions can be reversed relatively easily. It can be done but lots of computing power is needed to initiate such attacks. Many other methods still exist for transactions with no confirmations, all the seller have to do is to take precautionary measures to ensure the risk is minimal.
7266  Bitcoin / Mining speculation / Re: Best investment place? Mining or Investing or Trading? on: June 17, 2015, 12:51:29 PM
What about Hashnest?

Seems to be the most legit, backed by Bitmain.
ROI is around 250 to 285 days.

Slow but stable...
40btc nets me around 25 Ant S5's.
I already have 5 taking me to 30x S5's.

My daily average for the last 2 days = 0.005171497btc per miner.
So 30x S5's in a month nets me = 4.718991013btc.

Now that's not tooooo shabby, but obviously I want more to pay off debt quicker.

Also that doesn't account for diff increases or Bitmain releasing the new S6/7 and the price of S5's dropping in market.
Meaning selling my miners could be at a loss.

Might need to wait till July for any announcement before purchasing anything more.
Well, the release of new ASICs can potentially increase the difficulty by a huge amount. Depending on how you look at it, it can be positive or negative. Mining is usually really risky and hard to ROI. Not to factor in the risk of bitmain closing down and there goes your dreams. Hashnest seems to be okay but like all mining operations, it is risky.
7267  Other / Beginners & Help / Re: How can bitcoin be used in shops, if payments take so long to process? on: June 17, 2015, 09:14:52 AM
As my online shopping experience, some sites requires no confirmation to the transaction. So since the tx appears on the mempool almost instantly after broadcasted, and it will detect that if it is a double spend (if not, then it is a real tx). So some shops may do this.

there already are shops that don't require you to wait for confirmations. you get what you buy instantly. but i don't think they will do the same if amount is higher than $20-$30

if we can have a very good regulation and services that take all the risk about a possible double spend when you perform a transaction, then there will be shops in the future who are willing to accept $200 worth of a transaction without any confirmation

the problem is having an authority that deal with this kind of stuf, a third party that connect the user to a shop, like coinbase, but coinbase still require confirmations, so a better thing than that
Bitpay. I have used them on various site and they don't seem to require any confirmations if the owner chooses to. If you wait for a few minutes and check for competing transactions, propagation and fees, I don't see why would you have much risk when accepting such transactions. The best way is to ensure that the transactions is in the mempool of the top pools and they have reasonable priority.
7268  Bitcoin / Mining speculation / Re: Best investment place? Mining or Investing or Trading? on: June 17, 2015, 09:09:35 AM
Mining is okay if you have large funds, land and cheap electricity. However, risk like DOA and late shipment can occur. This would result in potential loss of profit and you have to bear that risk. The price can be a huge factor too.
Investing at gambling site can be risky but the risk would be moderate. The profit tends towards the house edge in the long run. If you aren't prepared to wait for sometime, then this isn't for you. Main issue here is trust. You have to trust the site owner to not cheat you or run away.
Trading is very risky. For those who have experiences, go ahead but the risk is still there. In the long run, you can lose all your funds if the coin you invested in crashes. Trading bots aren't designed to generate profit. You have to test it out yourself and find the settings. Again, no guarantees.
Yeah like I say, I've tried trading... Didnt go so well for me...

I love mining, and would have my own mining farm if prices of elec in UK was any better and I had space.
I looked into colocation and all but its not viable in the UK.

Hence why I need to use cloud mining.

But there is something in mining that is a passion for me... I love it.
And would like to continue to mine for more BTC, just obviously with less risk.
There's no such thing with no risk when investing in cloudmining. Mining isn't profitable for small players and cloudminers anymore. The only one profiting is the owner of the cloudmining company. It's hard to mine for guaranteed profit nowadays, even with altcoins.
7269  Bitcoin / Electrum / Re: Hacked but would like to know what happened on: June 17, 2015, 08:43:43 AM
Hey if you're still looking for a solution and don't won't to wipe your computer, then download zonealarm, it's a very powerful. I've been ratted and infected many times over during my MMORPG gamer days, after trying out a combination of firewalls and antivirus, i found that the overpowered Jagex approved tool was capable of mitigating 99% of these attacks. Either this or use AVG to try find and quarantine programs with suspicious characteristics.
Solutions like this will not work in all cases. Many malware are capable of being stealth and many can't be detected. Other than that, OP's problem has already been solved.
7270  Other / Beginners & Help / Re: Faster BTC confirmation time on: June 17, 2015, 08:36:14 AM
The standard fee only ensures that your Transaction will get picked in the next upcoming block, if the Tx Fee is less than recommended it might get picked within 6 blocks or more, so the only way to make sure that you get 1 confirmation asap is to add the standard fee, the rest of the confirmations depend on the block timings and they're the same for all the transactions.
Half correct, miners have the rights to reject your transaction or they may just set a higher minimum fee limit for them to include your transaction. The transaction also depends on network load. If there are a lot of transactions and most of them pay more than 0.0001BTC/KB and you pay 0.0001BTC/KB, your's might not get confirmed first if the block gets filled with transactions from their mempool. This is due to the fact that miners rank non high priority transactions according to transaction fees.
thats what altcoins are for

Avoid posting irrelevent stuff. This thread is for discussing Bitcoins.
7271  Bitcoin / Bitcoin Discussion / Re: MasterCard makes the case that it’s safer and faster than Bitcoin! LOL on: June 17, 2015, 08:20:55 AM
Since a transaction fee is essentially a tax, couldn't governments setup mining operations and become the majority of the miners then require that all transactions have large transaction fees otherwise they won't include them in blocks? This would essentially be taxing any and every Bitcoin transaction, and they could earn even more from all of the shady illegal stuff that occurs through Bitcoin but isn't taxed when using fiat.

If mining is controlled by one government, then it can impose a rule like you describe. If many governments and individuals are involved, then there will be competition.

When a government wanted to control mining, they could ask few governments to make alliance. So, they could control mining again
They also can use laws & power to prevent them from mining, so there won't be competition anymore
The government would require lots of funds. To even get half of the hashrate, they require more space than the biggest datacentre every built or roughly a big island. Needless to say, the power consumption would be ridiculous. The law can't completely regulate the mining industry, it can't stop mining at all. If packets are filtered, encryption can be used. Even if the government gets half of the hashrate, there's still another half. Unless the government takes 100% which is extremely unlikely, Bitcoin transactions will still get confirmed.
7272  Bitcoin / Bitcoin Discussion / Re: 5 Chinese mining pools propose 8MB block size on: June 17, 2015, 07:45:51 AM
Will they please stop trying to blame the great firewall of china?

15 MBit = 11 seconds to transfer a 20 MB block.  Additionally, for every block mined outside of China that needs to traverse this "bottleneck", there's one mined inside China that needs to migrate out.  With over 50% of blocks now mined inside China, a larger block size stands to benefit them on average, albeit by a tiny amount.
Connecting to a server in China isn't the same as making a connection from China.
Just to reiterate, the mining farm can connect to a pool near China to mine, one with faster internet. It shouldn't matter much. Also, you are just testing one server from the entire country not to say that you are testing from US. I'm sure it would be better at the mining farms but again, stratum requires little bandwidth and speed.
7273  Bitcoin / Bitcoin Discussion / Re: Using bitcoin adddress as email on: June 16, 2015, 03:29:32 PM
How about add note in blockchain addres with your email,,,? I think that simple than use adress btc
You can't really add a note in using Bitcoin transaction or anything. Those messages you see on Blockchain.info is embedded by users who adds them using Blockchain.info wallet and isn't visible on other block explorers. Pretty worthless I would say since a data loss will result in the messages being lost.
7274  Other / Beginners & Help / Re: 0.005 BTC send + 0.0012 BTC fee ... why to much? explain please... on: June 16, 2015, 03:10:59 PM
Well, that's why few people don't use faucet anymore. They will create huge transaction Sad
But, good thing that you already move all small inputs. I bet the receiver will be mad Grin
-snip-
There are faucets which run on the API provided by a service and they will consolidate the payments from different faucets into one block of transaction with the amount being the minimum withdrawal limit you or they specify.
I guess you don't quite understand the concept. The transaction consolidates all the small inputs into one output. With one output, the reciever wouldn't have to use much fees. The size from the previous transaction doesn't affect the size of the next transaction.
7275  Other / Beginners & Help / Re: 0.005 BTC send + 0.0012 BTC fee ... why to much? explain please... on: June 16, 2015, 02:50:14 PM
Use Xapo instead and you don't need to worry about the transaction fee as it's free.

Blockchain is ridiculous when it comes to fees especially when you receive money from faucets. They charged me $0.6 fee when I had to send just $1 from my wallet and hence I stopped using faucets long back due to this issue and now I only use Xapo.

The regular fee of Blockchain if you receive big amounts (>$1) is 0.0001 ($0.02) which is OK.
Xapo stores all your coins at a central address and won't care about how big is the transaction from your wallet as they don't need the funds to confirm easily. They have a big reserve behind them. And, Xapo is not secure enough. Bc.info is not too. But, Xapo can always run away with your funds on their hand. At least Bc.info can't run away with your funds on their hand.

Why blockchain can't shut down? Xapo also makes a user to verify their mobile number while Blockchain.info has no verification process. Xapo has introduced their own debit card as well and seem to be much more reliable than BC.info.

xapo is anonymous based, difficult to trace his purpose, that make some people like that

also i see yesterday some one not recomended using blockchain again, after maintenance and double spend problem
Since when? Xapo has never been anonymous at all. They do all kinds of verification while never promising any anonymity. It can log your IP at anytime. It can easily be traced too since they are done on a single server.

Blockchain.info has never had any double spend problem at all. The only problem they had that compromised the security was the flawed RNGs on two occasions which is the reason why everyone dislike blockchain.info.
7276  Bitcoin / Bitcoin Discussion / Re: 5 Chinese mining pools propose 8MB block size on: June 16, 2015, 12:54:04 PM
Increasing the block size is good for increasing the volume of bitcoin, however everyone's bitcoin program may grow by more than 1GB per day (8MB*144 blocks/day=1152MB/day) because of this, which is a waste of storage (and that's why I don't install the bitcoin core on my computer).

Dude - you can buy a 2TB drive for almost nothing.  By the time the blockchain gets to 2TB - you'll be able to buy a 200TB for next to nothing.  Drive space isn't the problem.

You have to store the data in a ordinary hard disk, not SSD.
I see no difference in storing in a SSD or hard disk. They pretty much do the same function and speed isn't too much of a issue for nodes. A decent hard disk would do. In my country, a 2 TB one would cost $100USD. It should be cheaper at other countries. Blockchain pruning is in the works now so it can potentially solve some problems too. For now, most people don't really use Bitcoin Core due to their ISP limitations, a SPV node can do the job just fine for an average joe.
7277  Other / Beginners & Help / Re: 0.005 BTC send + 0.0012 BTC fee ... why to much? explain please... on: June 16, 2015, 06:14:21 AM
Hi... I send 0.005 BTC to cloud mining and total amount send was 0.0062 (that is 0.0012 fee). It's really a lot ... I study the fees a little and discover that will be fee because it's less than 0.01 but really to much? Can be the fee too high because i receive a lot of transactions what are small as 60 bits? Please explain me it a little bit and please tell me how to avoid it in the future. Thanks a lot.

Hash: https://blockchain.info/tx/cb8337e6635fadf423bb19fb4f8e2b147e85ccb8a41c8f1cff16d532be8f2052

Sended from blockchain wallet to scrypt.cc and I don't fill miners fee.

you can set miner fee
Open your wallet than click custom and fill miner fee you want, also you can set 0satosi fee but iam recomended 10k satosi or 0.0001BTC


0.0001 fee for a nearly 10kb transaction would never be enough. If I calculate correctly, the priority is 2,367,898. This transaction will not qualify for the 50kb max space in the block qualified for the high priority transactions. Hence, it would have to depend on the fees/kb if it pays 0.00001/kb, the transaction would be rank at the bottom. Please correct me if I'm wrong.
7278  Economy / Service Discussion / Re: Recent breach at Blockchain.info -- Android App did a stupid. on: June 15, 2015, 08:09:56 AM
am happy that the blockchain mobile app (latest ver) i installed last week didn't synced with my web wallet.
There was so much to loose Sad

Apparently only a minority of users were affected, so it's likely that you would have been safe.
It affected everyone who ran android 4.1 and below. Based on the number of transactions, 227 as of now, it isn't that small. AFAIK, only if you generate an address on the wallet, you will be affected.
7279  Other / Off-topic / Re: BUYING GAMING LAPTOP need advice on: June 15, 2015, 07:54:37 AM
1) CPU: i5 4690 should be more or less enough
2) CPU Cooler: Stock intel cooler will do the job just fine
3) Motherboard: Motherboard choice is easy. It isn't necessary to choose a gaming one even if it offers more features. A normal mid end one like MSI Z87 PC mate would be more than enough
4) Try WD Blue 1TB. They are great
5) ODD I can't comment much
6) For video card, you might want to go for GTX 970. Even with the 3.5GB ram issue, it won't affect much unless you play at super high quality
7) Chassis. Choose which ever you one
Cool I would recommend Seasonic. They are pretty nice for the price. Go for 620watts.
This suggestion seems decent, although are you sure that he can buy everything for $1000.  However your PSU choice is the worst. Seasonic has the highest failure rate standing at 3,32%.
I would recommend Cooler Master or Antec.
I don't know too much about PSU but I have been using seasonic m12ii 620w for sometime now. Works well for me. I'm sure he can fit ininside $1000. I built mine for $990 with the price inflation in my country. Furthermore, I had the Z97 PC Mate. H87 would work fine for him in this case.I had a pretty expensive chassis too.
7280  Other / Beginners & Help / Re: How can bitcoin be used in shops, if payments take so long to process? on: June 15, 2015, 05:29:18 AM
A payment takes 10 min to process. In what store can you buy something under 10 minute really?

Sometimes you have to wait 15 min at the tilt because the employee is a moron, if you could do that in 10 min i`d be very happy.

You just buy the stuff quick, pay for it, then put the bought stuff in a safe storage inside the magazine, and go looking at the other products until you wait for verification. Then after the verification is done, pickup your bought goods and leave.

It would change shopping habits, but whatever.

 No ,that would make people leave..Really once blockchain see's the transaction you are good .i have stood their and tried to double spend and never succeeded(Testing) So , if you really want bitcoin to be used by the masses . Maybe try going to a real store and spending some ?

A payment takes 10 min to process. In what store can you buy something under 10 minute really?

Sometimes you have to wait 15 min at the tilt because the employee is a moron, if you could do that in 10 min i`d be very happy.

You just buy the stuff quick, pay for it, then put the bought stuff in a safe storage inside the magazine, and go looking at the other products until you wait for verification. Then after the verification is done, pickup your bought goods and leave.

It would change shopping habits, but whatever.

Not all blocks take 10 minutes, that's the average time but some of them I have seen to take more than an hour. It is a minor problem and it has been discussed before but if any store does starts to accept BTC as a payment method then the person paying with bitcoin has to wait until the Tx has received 1 confirmation because the shop owner won't accept payment until it has 1 confirmation and for now this is how it is.

Ok plan B

Have an offchain  bitcoin based payment processor designed solely for shop purchases.

You sign up to this payment processor, deposit like 2 bitcoins, and then go on shopping. When you pay for the goods & services you pay directly from the PP's account you hold with them, which would take 15 sec perhaps like if you would buy with credit/debit cards Smiley

This would be an easy off-chain solution, and would need a bit of technical integration from the vendor's part.

But i`m sure something like XAPO or similar could come up with an offchain system like this.

plan c

The shop itself should have an internal account with you. Most shops already give out fidelity cards, perhaps they can give out debit cards now and you can have an accoutn with them.

Especially big hypermarkets and plaza's so you just make an account there deposit 2-3 bitcoins when you enter, buy it off and then you leave you can take out the change.
Plan B: Offchain wallets are generally aren't safe. You would have to trust the operator to store your coins in the safest way. There is a risk of the operator running away. One of the biggest scam is inputs.io. They appeared to be quite trusted to majority of the Bitcoin community. In the end, they got "hacked" and 4100BTC were lost. Also, the shop owner must be sure that the operator will not block off their payment and there is no way to prove that the user had actual coins and coins weren't created out of the thin air.
Plan C: This would be like a debit and credit card. This again, requires trust. It is a hassle to maintain so many cards and it would cost some money to issue the cards. This would also cause the centralisation of coins.

As others have said, accepting 0 conf transactions is secure enough. There are less risk associated with it now if precautions are taken.
Pages: « 1 ... 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 [364] 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 ... 463 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!