I think at the current BTC price it would be difficult to start a new mining farm. You need space somewhere (warehouse), equipment, cooling, someone to maintain it all, etc. The start up costs would be staggering. And I doubt that too many people would preorder with all the scams going around.
You would either need an investor to back you, or a huge wad of cash yourself that you can invest. I hear that Bitmain is coming out with the s6 soon, and that may chage the game a little bit by offering increased efficiency or cheaper used equipment.
Best of luck!
A newly released hardware would be very expensive while being efficient. Having bulls of these hardwares getting released to the public would only increase the difficulty, hence reducing its profitability. Cloudmining is also a risk for the operator, many hardwares can die in a few days or months and sending it for RMA can be quite slow. I doubt a warehouse would be ideal for hosting a server since it wouldn't have sufficient powering or airflow unless you redesign it. These machines does give off a lot of heat. It also isn't good to have high electrical fees. It largely depends on the geographical locations. |
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Name: ranochigo
Position:Sr Member
Wallet address:192fqgb5aCKrjNkudGqSWR6Nuu4J8tEMB7
Starting posts count:1922
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When you will have the bitcoins (also through cash) I suggest you to try a double spend transaction, but I do not know if it will work at 100%. Try to check this section ' https://bitcointalk.org/index.php?board=53.0' maybe you will find someone who will sell you some bitcoins. It is very hard to attempt a double spend attack which will give you confirmation. Any hacker would want their ransom to have confirmations though. Shvdb has a service which allows exchange of paypal to BTC if you have PayPal. The process was abit complicated but at least it protects the seller. |
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Your first character has to be either 1 or 3 so an error will occur and the transaction will not be made. The address goes through some checks before it is being sent. The odds of getting Bitcoins sent to an address typed wrongly is 1 in 4 billion. Amount will only be sent if you send it to an address you copied from elsewhere and didn't copy the one that you are sending to.
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If I send some bitcoins to some address, and I pay the proper fees, how sure am I that it will be included in the next block? Are there any guarantees if I want my payment to be included in the next block that is mined?
Actually just pay recommend fees you can get your transaction sent less than 10minutes. Guaranteed  is there no limit to the number of transactions in a block? what if everybody pays recommended fees? so some will still not make it? am i right? Then it will depend on priority[1]. Technically, if everyone pays the recommend fees, those with higher priority or higher coin age, input amounts, fees and lower transaction size will get into the block till it's filled. The miner would still have the final say however. [1] https://en.bitcoin.it/wiki/Transaction_fees#Technical_info |
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Howdy,
I've been using one for a couple months now and it's given no reason to mistrust it. But it seems weird to me sending my money to an intermediary that's neither a wallet nor a bank and is entirely online. Feels like the money is hanging out in some nowhere zone that isn't completely under my control...
Dies any one else feel this way or do I just not understand this stuff well enough yet?
Thanks!
It's definitely a shot in the dark if you aren't dealing with a reputable/responsible and well funded exchange. For instance, it is known that Coinbase is pretty much the most capitalized company in the space aside from 21, and it can be expected that their security practices would be par-none. For the most part, it's tough to know how secure the other large exchanges are. As good practice, it's probably best not to keep your coins sitting on any exchange for a long time. Mt gox was pretty trusted among many people too. Since coinbase only operates in US and there are some people who aren't from US, it isn't a good choice. Your best choice is to choose an exchange which has a proof of solvency audit available for you to review. It should however only be used for references and shouldn't make the exchange automatically trusted. Audits can be unreliable as time passes though. |
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The map is accurate to a extent. The most accurate one would be for China. Due to the fact that is has great factor that increases the profitability of Bitcoin. For other countries, uses for currency remittance is pretty accurate since most of them have relatives or family members at other place of the world and don't want to pay for huge fees to send money.
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It depends on the signature campaigns.
For instance a signature campaign pays 0.045 BTC for 60 posts in a month for a member account, so you "may" sell it 0.05 btc
Full member account "may" earn 0.4 btc in a month (on dadice, maybe more now). activity is important yet. if it's 120-199 then it's around 0.1-0.15 if it's over 200 activity that means it'll be Sr in a short time (1-2 months) so it can be sold for 0.2 btc
Sr member accounts 240-399 activity can be sold 0.3 BTC. 400+ accounts may be sold 0.4 btc.
Generally accounts worth 1-1.5x of the top paying fixed signature campaigns.
green trust: doubles the price btw.
Green trust sales mean people are going to scam doesnt it? or set up a legit business and are buying trust, 1 or the other. Yes in most cases if someone is buying a account looking for trust they are a scammer. This thread has went on far to long. OP can you please close topic? It keeps jumping up... and up. No real additional info is being added. It's really not worth it to buy and scam. The change in posting style would be too obvious and they probably can't sign a message with an aged account. Needless to say, no additional benefits can be obtained after you are proven to be scamming and thus it's not very worth it. |
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Many exchanges scammed people by closing their services but there are some genuine exchanges also.
Was Mt. Gox the biggest scam in exchanges? I think it got a lot of press release but I heard some things about other exchanges. Yes, in fact it was the biggest scam ever, about 850,000BTC were lost. This was mainly due to the fact that it had highest trading volume at time before hack and many people used it as a wallet too. |
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Mining is basically dead best to just buy your bitcoins.
Untrue. Mining is still possible and profitable if you have enough money to invest. Large capital is pretty much just the small part of the equation for profit in mining. These are the remaining: - the cost of running a farm is high. With high electrical cost, ROI is not possible - If you want to make profit, you need to make it big scale. You probably would have to rent a warehouse. It has to have low rental rates to maintain the highest profit possible. - Ambient temperature for the whole year
- if you live in the colder area, you wouldn't need much exhaust fans thus saving electricity. - You would probably have to hire someone to look for the ASICs in the warehouse. - You would need to find a supplier who can deliver fast and at low price to get into the game early this increasing chances of ROI. |
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Faucets sucks..they just hold ur satosis and let you wait for a predermined value as threshold and in the mean time they run off bits..they eventually scam you..
In general, you are wrong. There are several great faucet sites[1] which have pretty low withdrawal thereshold. I haven't heard of any faucet running off though. True that they pay pretty low but they are a great way for newbies to learn about how Bitcoin functions without investing or posting on the forum. [1] freebitco.in is my favourite. |
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I suggest you build a decent reputation on bitcointalk first, newbies, jr, members and members dont make enough money, and its just not worth it, I suggest you start signature campaigns when you're at least a full member, that is , 120 activity, in that case you can earn a good amount of money
An account will have to post to become Full Member. So why don't him/her join a campaign to get a small amount? It is better than spending precious time on useless faucets*. You can play with Bitcoin transactions if the amount you get isn't usable IRL. * Faucets are precious if you either have lot of referrals or if you are using a bot. I half agree with the first part. You could gain small amounts by posting your way up but the trick is if you could really post constructively while learning all about Bitcoin. Bots are generally not profitable due to the difficulty of solving recaptcha and solvemedia. (most of the faucet use thoses) At a given rate of lowest 0.0005$ per captcha, it wouldn't be profitable to even cover the cost of running it. |
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Due date extended by 14 days. Good luck! Due date extended by another 10 days. Please repay on May 23. Thank you! Confirmed. Thanks! |
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OK...I know this is stupid but....imgur?? I should, but don't know. Where is that?
1. Go to imgur.com 2. Press Upload images 3. Click browse your computer and upload then image. 4. Press start upload and follow the steps on my previous reply. |
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It is very hard to regulate. Bitcoin would encourage more money laundering due to the anonymity it provides. Regular people still don't understand Bitcoin and think of it as some kind of scam.
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Go to imgur and upload the picture. You would then get http://imgur.com/XXXXXX. Post it on the forum in this format (remember to add .jpg at the end), [img]http://imgur.com/XXXXXX.jpg[/img] |
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now that i think about it, how 777coin(and others newbies campaign) deal with multi account? they are in a bad position like all the other newbies campagin, because making newbie account it's basically a joke
one could made 10-20 newbie account in a sec(you don't need to rank up) and start spamming with the 777coin sig...i think there are already member that are doing this
I think how they deal with it is paying very low prices. They have done a good job cornering most beginner signatures. I would guess a lot of theirs are multi-account. But also forum moderates (it might take staff level) can look at IP I cannot remember. Assuming they don't use a diffferent IP for each account low quality post, and IP chances are forum staff can catch some. The staff will notice that there are the same ip but different account so they cannot do that. And i think that 777coins must high their rates because we do a good job i get small payment. Theymos once told me that IPs weren't logged. I'm not sure if thats accurate now though. Moderators don't moderate multi accounts unless they spams alot. If you sign up with a signature campaign for both of the account and you spam a lot, both accounts would probably be banned. Ofcourse it will be banned if they spam but it will recognized that the different account was the same if IP address but if they have a vpn security they will not be caught that there were the same IP Similar posting styles would likely expose you no matter what. I don't think the moderators bother much about the fact that people are using multiaccounts to participate in signature campaigns since most of them emphasizes on quality posts. It is a hassle to switch account since you have to reopen incognito windows clear cookies or switch VPNs. And spamming anywhere will just result you in a ban. |
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It just needs to be strong not ridiculously long. The longer or more complex it is the more likely you'll forget it. Keeping your wallet safe and your over safety of your comp is most important. If you have a key logger it doesn't matter what your password is as they'll know it immediately.
The keylogger will only get your password if you type it in. It won't know it immediately when infected. If you are using the passphrase to create a password, you would definitely need a random password that is seriously random. You can try to recite it to yourself three times per day or write it down on somewhere safe. If you are encrypting wallet keys, password will only protect you in the event of someone gaining control of your PC. |
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Dear Members, I am new to Bitcoin. Just experienced the grueling process of downloading the block chain (4 days). I do have a problem, that I can't seem to reconcile, if someone could cast an experienced eye over this please. The 'Bitcoin Core - Wallet' window shows no address for the wallet itself (refer to attachment). Have checked that the wallet does exist (under Bitcoin on my computer) and have made a couple of test transactions by requesting payment (via the Receive tab on the 'Bitcoin Core - Wallet' window ). But for the life of me I cannot find the wallet address itself <a rather large string I believe> (which I assume I need to do any bitcoin transaction to or from my wallet - right?) Much appreciated if you can assist Regards Nioctib You need to generate a wallet by clicking request payment. Addresses are already pregenerated in your wallet.dat. Don't forget to backup it. Some addresses are also hidden as they are change addresses though. You can just use coin control function if you need to spend a specific output. |
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The thing with Bitcoin not being able to replace the real money is that it does not have the protection of the state. Legally you have no guarantees of your bitcoin investments like there is for example when you are making bank deposits. That is why there were these bitcoin "robberies" we hear about now and then.  Those wouldn't exist if you kept your device virus free. I doubt you would able to get your fiat back even if you lost them though. The main problem is the volatility and acceptance rates. Most brick and motar shops would only accept fiats rather than Bitcoin since they may think it is a hassle to set it up. The acceptance rates is still currently quite low due to the lack of understanding among normal people. Double spend can already be prevented by taking steps so there's not much reason why it can't accept fiat other than volatility. |
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