Bitcoin Forum
June 16, 2024, 06:50:45 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 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 »
7561  Bitcoin / Bitcoin Technical Support / Re: Question on 51% attack on: December 23, 2018, 09:12:07 PM
I don't know whether am on the right board but I need some little help to grasp something.
I have been trying to read about the 51% attack but am having a hard time to understand the part where the attacker can "double spend the coins"

So in a layman's language
1.  What is a 51% attack on the blockchain?
2.  What would happen if someone managed to pull this off say on the bitcoin network?

Anybody well informed about this, I will appreciate your time and help.


I would like to add a couple of  things that the fine gentlmen missed, which i think are very important and most average people don't know these.

The limitation of 51% attack

- the attacker has no way to use any coins that are stored in wallets they have no private key for. thus they are mainly limited to re-using aka " double spend" their own coins ONLY.

-The attacker can not make or create BTC out of no where except for what he they can mine.

- the attacker can not change the protocol rules, for example they can not say , okay block reward is every 10 seconds and block reward is 1000 btc.

- it is nearly impossible to perform such an attack in stealth-mode, every one and their grandmother would know if such an attack is launched on btc.

---------------------------------

if one understands the limitation as well the consequences of such an attack they will release that nobody who poses enough hashing power will even think of deploying such an attack, because that much power means a shit load of money invested, and as someone here mentioned that such an attack on BTC will sink it's value therefore taking the attacker to rekt city as all of their hashing power + whatever BTC they have will be worthless.
7562  Other / Meta / Re: Preventing Signature Spammers and Increasing Quality of Discussion on: December 23, 2018, 07:34:22 PM
why would campaign managers care about what you post anyway? I am pretty sure a campaign managers will be more pleased with a shit-post that gets more views than a very helpful and technical post that only a few people read.

that's the point of any ad campaign > more views.
Wrong. Take a look at the Bitcoin Discussion board. Do you think any of those ads are being seen? All those spammers do is go from thread to thread posting some generic redundant bullshit, making 30 pages of non sense posts which will quickly be buried by other spammers in a few minutes. No one is seeing those ads.

Now, let's go to a thread where a legit user is trying to get some help. You will help him, he will read your post and see the ad. He may even visit the website because you helped him, so you must be a legit guy. But at the end, it was a legit user who saw the ad, and not a random spammer who is only here to make a few bucks.

you do realize that these are not targeted advertising, the quantity beats the quality. this applies to every ad campaign on planet earth. do you think people who pay millions  of $ on TV ads are stupid ? knowing  that the majority of people never watch their ads by either going to the toilet, going to the kitchen to grab more popcorn or simply looking for another channel until the movie starts again?

same shit applies to this forum ads, just be on as many places as possible, the legit posts you were talking about are very limited. if we would to assume that 90% of the posts on this forum come from shit-posters then that is the place you should target, because the a few geeks on the say the bitcoin technical support will probably not even bother reading your ads and even if they all did, it's nothing compared to the accessibility of the average and shit posters else where. 1% of the shit-posts audience ,is larger in number than the 100% of quality posts audience.

what you suggesting is very similar to you going next to the river to sell a few bottles of mineral water, in ad campaigns it is always cheaper and more profitable to target the masses and go by the saying of " quantity beats quality".
7563  Other / Meta / Re: Preventing Signature Spammers and Increasing Quality of Discussion on: December 23, 2018, 07:17:00 PM
This would only work if campaign managers were going through everybody's posts and checking what threads they've posted in and discounting the ones with no signature displayed. For most spam campaigns they won't be doing any thorough checking and as long as they've made the posts then they'll get their share. 99% of campaigns don't care what you post or where, especially the problem ones, hence this would do largely nothing about spam other than at best move spam into other threads that aren't 'de-sigged', and there are plenty of those about.

why would campaign managers care about what you post anyway? I am pretty sure a campaign managers will be more pleased with a shit-post that gets more views than a very helpful and technical post that only a few people read.

that's the point of any ad campaign > more views.

7564  Bitcoin / Mining / Re: My "mini" mining farm on: December 23, 2018, 06:57:46 PM
You can heat up the house in winter with it  Grin

sadly it's far from home  Sad , but you can actually roast a whole chicken in the hot side of the room  Grin

What pool are you mining at?
Just came up with a thought on how much we do lose by mining at pools like antpool, slush or btc.com...
Nice farm, though

oh the majority of the miners are not BTC miners, but if you asking about BTC mining i use ck pool and slushpool. i never liked antpool to be honest.

also i don't see how would you lose by mining at those pools unless the luck happens to be so bad while you were mining ( assuming it's not PPS) or they are simply scamming you. I had zero problem with slushpool and ckpool.

for the non btc miners i usually stick to nicehash, for mainly 2 reasons.

1- i get paid straight in BTC
2- the payout is usually higher for God knows why " probably the noobs over pay to rent hashing power on nicehash to mine shitcoins" or could be people like BCH buying the hashrate to win the war against one another, but i could care less as long as the payment is good. Grin
7565  Economy / Speculation / Re: NEW BAKKT game on: December 23, 2018, 06:51:16 PM
I personnaly think it is small pump before the last flash dump to 2000 $ !

Keep dreaming bud, bitcoin won't hit $2000 again.  I'm guessing your a fear spreader that is trying to get fools to dump their btc for cheap prices.

Don't fall for the FUD guys and hodl strong, our patience will pay off in the end.

if the 3k support does not hold , don't be surprised that bitcoin will go to 900-1100$. i am willing to bet the horse on that.

with that being said, the 3k support area is incredibly strong, it is nothing like the 6k support. 

i made a more detailed explanation on why i think the 3k is the bottom of this bear trend , you can read about it here > https://bitcointalk.org/index.php?topic=5088650.0

there is really nothing interesting about 2000 , it is either 3000$ or 1000$ , if price breaks the 3000, money won't come in until the price is tempting enough which is around 1000$.


7566  Economy / Speculation / Re: Bitcoin in 2019 on: December 23, 2018, 06:45:48 PM

 I think the first half of the 2019 will be slow and boring, mainly ranging from 3k to 6k with some dips to sub 2k potently. the end of the 2019 will however will be the beginning for the next bull market, i think 20k will not be possible in 2019 but sure  thing we should be somewhere close to 10-12k , 2020 on the other hand will fun , 100k by the end of 2020 is very doable.

7567  Economy / Speculation / Re: ichimoku cloud says 3100$ is the cheapest bitcoin will ever be on: December 23, 2018, 06:39:26 PM
https://bitcointalk.org/index.php?topic=5088650.0

this is an update, a combined analysis on bitcoin bottom.
7568  Economy / Speculation / Bitcoin Bottomed out ? TA analysis. on: December 23, 2018, 02:45:15 PM
 before you start reading. if you think TA is useless, gtfo now because this is going to be painful to read.

if you believe in TA and history repeating itself on the chart, jump in this could be very interesting.


I made a few posts regarding Bitcoin price prediction, with no bragging what so ever, i managed to sell before the collapse, re-bought very close to the last low, thanks to TA ( this line goes to those who say TA is bullshit but didn't gtfo  Grin ) > https://bitcointalk.org/index.php?topic=5071613.100

-------------------------------------------------

Ok b.s aside  let us first start with analyzing the big picture of bitcoin, and why do i think that we have either bottomed out or just about to bottom out.

I will be combining a few a technical views, some of which i have mentioned before.

1- 50 Moving Average on the monthly chart.



the chart you looking at is the BLX, it has the longest data you can possibly find, the first candle goes to first of July 2010.

looking at the chart, we can clearly see that the 50 MA was never closed below and price did have a wick going under but not a single monthly close below.

while the current monthly candle have not really touched the MA which is why i think we could possible have make another slightly lower low with a wick that can go to as low as 2000$ but the monthly candle has to close above 2900$ for this 50 moving average to be valid.

2- 200 Moving Average on the weekly chart



almost the same look of the monthly 50 MA, except that on this weekly chart we did actually touch the 200MA and bounce right of it, you can also see that the 200 weekly moving average has never had a single weekly close below it, price did have a wick but not a close, and this suggest that if we were going to go down again to touch the monthly 50 moving on the monthly then price will come up fast enough before a weekly close.

3- The 2800-3100 is a major support/resistance level.



this price level has acted as both support and resistance level for about 105 days during last year. for 105 days it was the only critical line on site level that traders had their buys and sells around, it held the almost 35% drop in Aug 2017 and price surged from there.

 many traders have been setting their long positions at around the area, which justifies the recent pump, as many traders think that we bottomed out and are trying to enter as early as the can.

4- The Stotcastic RSI on the monthly chart



 the Stochastic RSI is at as low as the bottom of 2014 ranging at around 0.24 , while we still need to see a cross to confirm the start of an up trend , and since is is a monthly chart so another 500-1000$ drop from the latest low won't have much of an impact on the monthly layout which indicates an over sold market that is ready to change bullish.


5- The RSI on the monthly chart




The current value of the RSI is 45 while the last bear market had a bottomed out at 44, this only indicates that there is no much room for more dips, and the bottom should be there or just around the corner.


6- The ichimoku cloud on the weekly chart

 

sorry about the dark black ground on this one.

nothing much to say about this, it's clear that every time the red cloud appears, the bear market get's closer to end.


7- The lack of support below this level.



The bulls know for sure this support is a do or die, as we certainly have no sort of support below this until 900-1100$ , with only a minor weak support that has been tested only once, technically that support line is as good as not there, therefore the need for defending this area and to never have a weekly candle close below 2900 is very important for the bulls.

-----------------------------------------------------------------


Now giving the fact that these analysis are based on large time frames, so the results will only confirm in months from now, saying we could have bottomed out does not mean you look at the hourly chart and say why are we dropping , the chart on the small time frame still looks as bearish as hell, so if you are a day trader then you should be following the current trend to place your positions, but if you are a long term trader then you should be only using any potential dip to buy so you can level up a good average price of your holdings.

it makes 0 sense to sell now if you are planning to hold for so long, i expect the price to test the 5k region and then make another leg down, this can be a good change to short and then to re enter the sub 3k as most likely every bottom has to be tested twice before making a V shape to the upside.

also keep in mind that the end of bearish trend does not mean the start of a bull run, it usually means a few months of consolidation between the bottom and the last high of the last leg down , which in our case if we were to assume 3k to be the bottom then the siedways market will be between 6k and 3k which can last from a few months to a whole a year before breaking the 6k and going on a bull run that will mark new ATHs.

long story short, buy around 3k , sell around 6k  until once of those levels are broken then you act accordingly. if you don't know how to trade,and you failed to sell at 5.7k then don't sell now, the room to the upside now is more than that to the downside.

This is not a financial advice, trade safe. follow the trend.






 


7569  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 23, 2018, 01:22:54 PM



everything goes fine until suddenly you realize the rubbish bot is actually working, and you then you decide to use it and it turns back to rubbish and take you to rekt city. Grin
7570  Local / العربية (Arabic) / مقترح لتغير حجم الخط في القسم العربي on: December 23, 2018, 12:50:48 PM
السلام عليكم.

لاحظت انه الخط في المنتدى العربي صغير جدا حيث ان حجمه هوا 10 فقط اسوا بالخط المتسعمل في اللغة الانجليزية..لكن المشكلة في عرض الخط العربي تختلف عن الحروف الالتينية لذلك توجد صعوبة في قراءة المواضيع العربية.


ولانه من الصعب تغير الخط عند كل رد او كتابة موضوع خصوصا للمشتركين الجدد. فقمت بوضع مقترح في قسم التطويل لجعل حجم الخط الافتراضي 12 في القسم العربي والمقترح موجود ع الرابط هدا

https://bitcointalk.org/index.php?topic=5088192.msg48811955#msg48811955

لا اعرف ماهي ظوابط ومعاير الموافقة على المقترحات لكن اعتقد انه في حالة اكتر من شخص ضم صوته للمقترح يمكن ينجح وينال موافقة قسم التطوير.

ان كنت موافق على تغير الخط الرجاء دعم المقترح .
------------------

هدا السطر بالخط الافتراضي الحالي

هدا السطر بالخط المقترح



وبالتوفيق للجميع
-----------
7571  Other / Serious discussion / Re: Does Real Wealth Get Lost When Bitcoin "Crashes"? on: December 23, 2018, 12:19:52 PM
The fiat-based value of BTC is down over 80% from the Big-Time highs of late 2017:

(Q) Did (for example) a large number of bitcoins disappear forever?
(A) No, they simply passed from generally weaker players to "more serious" (long-term successful) ones.


Does Real Wealth Get Lost When Bitcoin "Crashes"?
and/or...
Does the chaos and "pain" create many new opportunities for various types of "hungry" people?


your answer would be valid if this is the bottom of the drop, if btc is still going to 1k or 100$ then btc passed from strong hands, to weak hands only to be picked up again by strong hands at lower price.

there is really noway of sorting who sold to who , but a general rule is , usually the noobs buy at the peak, sell at the bottom, so i would like to assume that the strong and the smart beeg selling btc from 19 k to 6k and now are re-buying it for cheap from the noobs who bought it high, and they will sell it for higher price later on before it collapses again.
7572  Other / Serious discussion / Re: Critque my solutions for quantum computers and EDCSA on: December 23, 2018, 12:10:24 PM

Another concern of quantum computers is the effect it would have on Bitcoin difficulty and rising it so much that it would price out "normal" every day users out of the market causing a price crash in Bitcoin.

My proposal to the solution of difficulty increase is that we impose a hard restriction of the maximum amount of hashing rate per device.


what does price crash have to do difficulty rising? you do understand the most investors never bothered understand the meaning of mining in general and price is only driven by supply and demand? they could careless who mines bitcoin or how btc is being mined in the first place, so this statement is pretty wrong.

and how does a quantum based miner differ from a huge mining farm in China that cause spike in difficulty? there has never been a rule that says mining has to profitable or doable by everyone, it has always been a game where people with less power cost and more hash power dominate the mining industry, and this will always be case.

technically there is no way for us to have anything on the blokchain that will limit the hashrate for a certain device, the blockchain does not know where the hash comes from, this is how mining pools operate, everyone mining to that pool basically appears as single large miner on the blockchain. so such rule has no way to implemented neither is important.


this quantum computer fud is highly exaggerated when to comes to bitcoin, the media is fooling the people by presenting quantum as a deadly weapon to bitcoin when it really is not, i suggest you spend more time reading about what quantum is actually capable of doing.
7573  Other / Meta / Re: Preventing Signature Spammers and Increasing Quality of Discussion on: December 23, 2018, 11:31:22 AM

It amazes me to see inconsiderate people like you on this forum who does not care about quality discussion and who measures the quality of one post based on "Merits".

Probably because the financial part of sig spamming clusterfuck is more important to you than quality discussion. Nor your opinion neither the ones who will post here with their signature does not hold a value for me.

says the guy who is mainly active on  Announcements (Altcoins) and his last topic is "Bounty Campaign" .
7574  Economy / Trading Discussion / Re: 100$ trading challenge. Follow this thread and maybe you win a prize on: December 23, 2018, 11:17:01 AM
3800% in a year is very doable, but having to set a fixed gain to your portfolio will put you under pressure and take you straight to rekt city.

one should only trade when they see a valid signal based on their strategy , if you force yourself to trade only to trade then you are simply gambling.

good luck.
7575  Other / Meta / Re: Preventing Signature Spammers and Increasing Quality of Discussion on: December 23, 2018, 10:25:03 AM
I do not understand the point of this anti-signature war.

if anyone is willing to pay someone for shit posting then why do we need to fight it? let them post and make some money.

if you want to read quality posts then go to quality boards, there are tons of them around, but you can't be navigating the alt board and expect to see satoshi discussing about a serious matter on BTC.

and honestly what do you expect from people who have little to knowledge on crypto and are here only to make money "which is see nothing wrong with"?


I don't see any of you complaining about the forum it self generating money from shit-ads ? it is always easier to start a war against the weak and the helpless isn't it? why not start a similar topic asking theymos to stop accepting ads on the forum?

Allow the masses to make some money dude, isn't this the vision of bitcoin ?  Grin stop nagging

if you really care about the forum quality then counter the shit posts with quality posts, there is nothing else anyone can do about it.


** surprisingly this post comes from someone who received 0 merits for quality posts.  Grin
7576  Other / Serious discussion / Re: Where to spot the opportunities like that on: December 23, 2018, 10:01:43 AM
you don't have to go to far, it's here BTC

the total market cap is 70 billion dollars, a relatively very tiny small market. take the

take the S&P 500 market cap for an example it is equal to 23 trillion dollars at the time of writing this. that is 23*1000 = 23,000 billion $

if only 10% in fiat migrate from S&P to bitcoin this will put bitcoin market cap at 2,370 billion $.

assuming the circulation supply by then is 18 million BTCs then each BTC will be worth  = 2,370,000,000 / 18,000,000 = 131666 $ per btc.

again the 2.3 trillions don't have to come only from Sthe &P, there are a lot of markets that are highly inflated and investors will at some point seek a market with more growth potential which is BTC.

assuming you buy 10 bitcoins now for 4k each this is an investment of  40k $ . once and IF bitcoin hits the number you will have 1.31 Million $.

-------------------

I have been trading forex, stocks and commodities for quite sometimes, and I do not see any project with much room to grow and backed by an incredible technology and has all the tendencies to expand but BITCOIN , or crypto in general for that matter.

this is not a financial advice what so ever, it is only my own  opinion , and for what it is worth , i can tell you that we are still considered to be the early adopters. 5 years from now , you will be amazed of how undervalued bitcoin was.
7577  Bitcoin / Mining support / Re: T9+ Miner Status on: December 23, 2018, 09:26:01 AM
you will be amazed with the little to no info bitmain support has  Grin .  bitmain will only suggest a reset and a reboot or sending the miner back to china to have it fixed. for years i had to tackle my own problems and received 0 help from their support. so i wouldn't count on them.

but honestly this this is a network that you have to fix by yourself. there is plenty of room of asus tri-band , is it 3200? i doubt you can fully utilize the dhcp table, there is well over 200 IPs to be given, but your default setting might be limiting the DCHP table to a certain number of ips.

also i wouldn't rely on dhcp , for my small farm i use DHCP setting on the miner but i force the router the to give each miner a static IP based on mac address, so even if i flush a new fw or reset the miner the ip it's going to take is always the same. after applying these settings i have not had a single problem network related since then.

7578  Other / Meta / Re: Increase default font size on the Local Arabic board."please" on: December 22, 2018, 03:41:13 PM
I recommend changing the "zoom percentage" on your browser, so by default everything appears bigger in size [including fonts].
- I'm using a 4k monitor and this is the only easy solution/fix [applies to your situation as well].
No, we need it for Arabic letters only, it is really hard to read.
Changing zoom percentage will zoom every thing else and we don't want that. Besides, it is hard to do when using a smart phone.


Thanks for explaining my point  Grin you saved me time.
7579  Other / Meta / Re: The general "condition" of this forum on: December 22, 2018, 06:53:47 AM
depending on which part of the forum you frequently watch and participate in, you may be right.

if you are hanging around the alt board reading about new shitcoin ICO every 5 seconds where you get a dozen of people shilling it then yes it is indeed a fucked up situation, and this is where most newbies go to , because everyone wants a Lambo next year .

so honestly when you stick your head in the toilet you do not expect to smell lavender, unless something is wrong with your brain.

now if you come to meta to enjoy seeing new improvements or people fighting over the silliest things , sitting there scrolling through the posts while on the sofa with a large bowl of popcorn is free-fun. or maybe I am mental ! Grin

all the shit aside, if you go to the technical serious boards such as Mining or development & technical Discussion , you will be surprised that even the newbies there could be far more informative and knowledgeable than many high rank members on the alt section.




7580  Bitcoin / Mining support / Re: T9+ Miner Status on: December 22, 2018, 06:05:03 AM
This looks like a pool or connection/network problem , i am 99% sure.

based on the fact that you can only get 1 working miner at the time, then I am willing to bet the horse that this is a network problem.
i guess if you turn of the currently working miner, turn on the original miner, it will work.

this could be the cause of these 2 following:

1- you are using a static IP which is similar on all ASICs, so once you restart the router, the router works based on first come first serve, whoever make the hand shake, get's the IP , the other one sit there and cry all night.

2-your DHCP client has a limited IPs to give, maybe you have other devices along with the single working miner that is fully utilizing all the IPs on your dhcp table.

*so if you do turn the working miner off, then turn your router off and on again, wait 2 mins, turn the original one on and it works. then we know your problem is router related, and i will tell you how to fix it in.

if my theory is wrong , then try this

try these in order, 1 at the time , reboot after every trial and you need to allow 10 mins at least after each reboot

1-copy paste the pool info from the working T9, make sure you copy it exactly , confirm you have no trailing spaces

2-change the network setting on the miner, if it's DHCP , give it a static IP address, copy the DNS and other info from the working T9, everything must be kept the same except for the last part of the IP needs to be something different, for example if the working IP is showing
192.168.1.40
the ip on the non working miner should be 192.168.1.45 or 192.168.1.30 or 192.168.1.67

3- back up the firmware from the working miner,put it in the non working miner, if it has static IP, make sure you turn off the working miner , then restart the non working miner

report back , if i take too long to respond , feed free to shot me a pm.
Pages: « 1 ... 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 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!