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If you have the password memornic you can simply enter it on the right were it says "recover wallet' and enter the memonic, it will then display your password for you.
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I read it somewhere, but dont understand what is it ?
A m-of-n transaction means there are a total of n parties in the transaction, each with their own private key. The transaction need to be signed with any m parties, to make it a valid transaction. So, with a 2-of-3 setting, you can get 3 persons to be escrows, and you will have no problem even if one of them disappears. For 2 - 3 you would have the buyer and seller each have one "key" and the escrow person would have one key Ideally the transaction would go smoothly and you both sign a TX that sends the coins to the seller. If there is a dispute the escrow person will review the facts and send the coins to the buyer/seller based on the facts. |
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I wonder how many people noticed the thread was made in 2012, and at that time 1 btc was just $12...
There are still many people asking the very same question today. |
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I think you are right. My bad. |
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Hi, I have access to a PC that runs 24/7 and I don't pay for its power costs. I also have a "spare" 7950. From what I understand the profitability of mining bitcoins with GPUs has dropped massively due to ASICs (may be wrong, I don't really know what I'm talking about  ). So with GPUs, people seem to be mining Litecoin (or some other currency?). How much could I roughly expect to make in 6 months? 7950s seem to have a "KHash rate" of 600+, and putting that into litecoin calculators with no power costs brings up about $214 profit (per year). Is this roughly accurate? Thanks! Definately check out coinwarz to determinte most profitable coin to mine. Fact is, GPU mining any scrypt coin at this point probably won't net you as much as one of the Scrypt-N, X11, X13, or Grotesl coin's will. Heck, even sha3 (maxcoin) is better to mine than LTC with a GPU right now imho *Not to mention your GPU will last longer if your not trying to mine straight scrypt with it.  Even scrypt mining will not be profitable for long with GPUs as ASIC have entered the market and will soon saturate the market. |
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How do you know where the coins ended up? Shared Sent TX have at least 10+ inputs and outputs for each layer
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Some faucets ain't all that bad, you can get high pay outs from faucets like free bit co...
when i first started with bitcoin thats the faucet that got me started.
Yep but today the amount gathered from faucets is so small, perhaps early in 2013 thats was still a way to get bitcoin but now i prefer to spend 20 usd and will have the faucet amount of 100 days.  but don't you see? in 2011, faucets were well worth it for 2013. in 2013, they were well worth it for 2014. hold your faucet payouts for a year or two, and then see how much they are worth! don't go buy how much they are worth today. the price of bitcoin is going up, long term. During both of those time periods bitcoin saw huge price increases. I know people said this before, but it would be difficult to continue to see the same level of price increases. |
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Thank you so much everyone for taking the time to explain some of it. Things like "mining" still seem confusing cause really what the heck are you mining for lol Yes bitcoins but what makes a bitcoin...
Anyways. I know i cant expect you guys to explain everything, i have to do my research. Thank for the kind welcome !
You're mining for a secret number that will solve a cryptographic puzzle. That's about as mch detail as you can handle right now :-) http://en.wikipedia.org/wiki/Cryptographic_hash_functionThat is not exactly true. You are trying to find an equation to which the solution is at or below a certain number. With mining you are trying a lot of equations until you have the right one. |
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Localbitcoin is faster
I use this service Face to face trades would probably be best. |
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Well, ASICs are far more profitable now than GPU mining, I prefer you google around for some solid ASICs and invest in them for the long run.
Don't go with GPU mining as you will be the only loser.
Not if you know what you are doing. Tell me how is GPU mining profitable from your own point of view. I think he wants to point out that if you mine x13, x11 or something similar with GPU and convert them into BTC, you can still make tons of profit. This will probably not be profitable for long. It is claimed to not be possible but ASICs will almost be certainly be developed for x11 sometime in the future, similar to how ASICs have been developed for scrypt. |
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I would like to know too,.
I don't think it's possible  " the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. " If you were running a full node and a TX that is broadcast by that address was broadcast directly to you node then you would know their IP address. |
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Using a VPS for mining would be best on Brand New Coin launches. Since the diff will be low and you can deploy the instance rather quickly you should be able to rack out some coins pretty fast.
Sustained mining on a VPS is not really a good idea, you will either break even or loose your shirt.
The new coin might just be a pump and dump coin, most of the coin value would be very low. Your VPS provider will most probably terminate your VPS for taking too much resource. They would probably not terminate your current instances if you are current on your payments. They want more of their resources to be used. They may however limit your ability to use additional resources. Mine was terminated within 8hours of CPU usage of more than 80%. They would do this since you are affecting other people's resources. Mining is also against the TOS of a lot of vps providers. I don't think VPS providers care if you are mining or not as long as you are not breaking the law and as long as you are paying them. It does not affect other people's resources as you are leasing a specific instance. |
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The last posting from your IP was less than 360 seconds ago I cannot reply even after one day of pausing and I cannot write any message to other parts of this forum  If you share your IP address then anytime anyone on your IP either logsin or posts then it counts as a post. When you log in you must wait at least 6 minutes before posting. |
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I believe that coinbase also offers paper wallets. |
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You could create a API that automatically pulls the rate from a specific exchange every x seconds and copies this information to a spreadsheet.
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My advice to you is to not touch your computer starting now.
You can visit a Best Buy or other computer store and they may be abel to recover your wallet.dat file
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money is not easy
Ain't that the truth. I'm just thinking of ideas of people just wandering into the world of bitcoin who don't have the money or whatever to invest in rigs and what not. Faucet sites are long gone, mining is pretty much dead unless you can put the capitol into it. Amen brother. You need a lot of capital to put into miners. Faucets are still around it is just that they pay next to nothing. The best way to get bitcoin is to sell your services in the marketplace (either on the forums or elsewhere) |
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Is it legal to share personal information without the owners approval? I think this is illegal in most country. This can lead to threat and blackmailing.
This could not be farther from the truth. You can say anything you like about someone as long as it is true. Have you ever heard of the 1st amendment? |
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Can you, and is it a good idea to print the 2FA QR code before you scan and add to your phone?
I am always concerned if your phone is lost you will not be able to access sites that 2FA has been activated. A bit worrying if you have quite a large sum of money locked up and no way to access.
If you print prior to scanning you would have a copy of the QR code to add to a new phone.
Yes, thats what you should always do incase you lost your phone. Also email a copy to yourself. It should be noted that this "paper copy" of you 2FA should be treated like a password. |
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Are you located in China? Is the selfish miner located in China? He claims to be named LiYi, and located in GuangZhou, China. US counts should have jurisdiction in this matter. If the damages were done in the US and one party is located internationally then Federal courts have jurisdiction. 2 - Individual miners may not have standing to sue the selfish miner. In a civil case (involving money/damages) you must prove that damages be caused, but also that he damages were against you. There is clearly a relationship between the miners and the pool (the miners provide work for the pool and in exchange for each unit of work the pool provides a maximum amount of payment, if payment is less then the maximum then when the pool can afford to pay more then the maximum the units that got paid less get paid more). The relationship between miners at the pool are not as clear. I am not an attorney, but I think a likely ruling would be if a miner tried to sue another miner at the same pool, the judge would say that their "beef" is with the pool operator, not the selfish miner. On the other hand if the pool operator were to sue a miner the damages are more clear, as the miner did not provide the work, the miner said they provided the work, and the pool operator paid for the work that was not done. There is clearly a fraud here. Pools don't pay miners for work, merely coordinate cooperation between miners who pay each other. This is especially clear-cut on Eligius, where most of the funds never pass through the pool operator's hands. That may be how it is on a logistics standpoint, but is that how it is in the eyes of the law? If you were BTC Guild or ghash I would say defiantly no, as both of those pools have block rewards (and tx fees) paid to the "pool" wallet, and the BTC is then eventually transferred to miners' wallets via automatic payouts. Eligius is very different in that it pays the block rewards (and tx fees) directly to miners via a TX in the found block. Someone could argue what you are saying but they could also argue that since the pool determines who gets paid how much via the payout cue (this being embedded into the header of work provided by the pool - I think this is how it works) that the pool does really control the found blocks. Even a attorney could likely not answer this question with certainty, as I don't think this kind of dispute has been litigated before. The only person who can answer would be the judge that hears the case (and any appellate panel of judges that hear any appeals). I know for tax purposes, other pools are using this same interpretation. For tax purposes. But that interoperation is the same as if pools considered the block rewards as income (revenue) and the earning paid to miners (independent contractors for tax purposes) as expenses. It would be a wash. This is N/A for eligius but the pool fees would be income/revenue and the expenses (costs to rent servers, bandwidth, salaries if applicable) would be deducted from revenue to get the net profit to find what you owe in taxes. Another argument is that the IRS has ruled bitcoin to be an "asset" but DPR aka Ross Ulbright has been charged with money laundering when dealing only in bitcoin. Just because something is considered one way for tax purposes does not mean that it is that way in "fact" and could be worked another way for "non-tax" purposes. In theory he paid good money for this equipment. Supposedly he made it all himself. That means his primary cost is electricity (actual chips and PCBs do not cost very much to produce). Electricity can add up. Probably not in the millions but still not free. I would be interested to know how to build minors in a similar fashion but that is another conversation. As far as I can tell he has done this to multiple pools. Do you think it would be possible to modify mining software so that only the stratum shares are sent back to the pool with the correct header, but the other shares could use a different header (one that pay out to another address)? Do you have a way to determine when he withheld a block from the pool? If so can you compare that to other blocks found around that time, is there any consistency as to who found the blocks? I know that it has previously been determined that you cannot modify block headers to make a found block payout to your own address as the hash would be invalid, but someone who has the resources to have millions of dollars worth of mining equipment might have the resources to make this happen. It's not possible. I don't understand this part of your post entirely. What is should happen when pool mining is the pool sends a block header (the header contains among other things where to send the block reward to) to the miner, the miner tries a random hash to check if the hash finds a valid block, and if so send the valid block to the pool, and if not then tell the pool they found one invalid (this may not be the correct terminology, but "invalid" meaning the miner did not find a block) hash. This is repeated until a valid block is found by the network. With GBT this is done with every single hash. With stratum the same thing happens, only that only x% of "invalid" (see above explanation for "invalid" - did not find a block) hashes and every hash that does find a block. With every hash that the miner checks, it will use the same block header provided by the pool. What my question was could someone, in theory, modify something so that only the x% of shares/hashes (the exact hashes that are sent to the pool) contain the header provided by the pool? For example, the software knows that hash1, hash 45, and hash 93 will be sent to the pool, only those three hashses will contain the header provided by the pool. The other hashes would contain some other header. My question seems to have been answered by the fact that he spent much less on his equipment then his hashrate would indicate. I am still interested to know what his motive would be in selfish mining. Even if he was not caught he would have a lower payout as the pool would find less blocks. This leads me to believe that he somehow reported that he had a higher hashrate then he really had. |
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