3% minus whatever you earn from referrals - we pay the referral earnings out of that 3%. 3% is the maximum fee ever paid to the pool. Sorry if that was confusing.
In essence you can earn back much more than the 3% the pool takes for operating expenses by referring others.
Thanks for the clarification. It seems interesting and I like the fact that my account gets immediately linked with CampBX, but there are lots of established pools already... Maybe you should try to announce in the newbies forum? Anyway, good luck with your project. |
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Any more details? What kind of game is it? I don't like adding strangers  |
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Honestly I think you guys and Mt.Gox should follow flexcoin on this this policy, no links in e-mails.
It will help stop crap like this happening to our clients.
It would help, but most people tend to forget that. Just saying that there won't be any emails with links is not a bullet proof technique. |
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A bid is what people want to buy at and an ask is what people are willing to sell at. When a bid price equals a sell price, a trade is made. You can sell to the highest bidder or, if you feel that his offer is too low, you can set your own price and your order will show up in the orderbook until someone buys at that price. The same thing for buying. Check the MtGox orderbook for example. They have much more volume than Intersango... |
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That's two weeks old... It was already posted here somewhere.
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The fee is not 3%... It is 3% + 1.75% from the referral chain, right?
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Honestly, none of the graphs really work if you are in for long term predictions (since you are including 1 year of data, I assume we are talking about mid/long term). An year ago we had like 10 people with great technical knowlege. Right now, we have 1000 people and 90% only wants to profit. Next year, bitcon could be outlawed, completely dead or it could be flourishing.
There are a lot of changes in the userbase and in the environment surrounding bitcons that make it very very difficult to predict long term prices (with or without charts).
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At the end of the day, I find bitcoins to be quite cumbersome and frustrating to use. Not to mention how every transfer or transaction takes half a week to process. I don't know if there's a way to speed it up, but even if there is the process is still quite annoying. I guess I'll keep trying different stuff and hope it turns out better, I lost about 50 bucks from this whole thing...
It never takes half a week to process. Where exactly are the bitcoins right now? Where did you send them to/from? |
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I'm suprised that MtGox hasn't put in a feature to temporarily block access based on drastic ip changes. That would make it a little harder to prevent account hijacking.
Or an email confirmation on BTC address change, like bitmarket does. It's a simple step that improve security a little. |
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im trying to make money off bitcoins bcuz my parents only give me $10/wk. wtf does it matter2u?
Because that's the reason why you are using bitcoins. I could tell you that bitcoins are great for international money transfers or that it is a technological/social project with many interesting cryptography concepts, but why would you or your parents care? You do not need to make international transfers, you certainly are not studying any of the underlying technology and you should not be making high risk investments if you are young and you do not have your own money. That's why your parents cut your allowance and they did great. You should only be spending money you don't need with bitcoins. Money you don't need is something that you don't have, because you do not work to earn it. |
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You are rude and your behavior is inappropriate. Additional schooling could improve that.
What are you doing with your bitcoins anyway? Why do you need them? That's what you need to explain.
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well, since the ponzi scheme is still at its early stage, and more people will get convinced, SO, jump in right now!
Man.. you will not profit from this. Haven't you been reading? When you want to withdraw you will pay more than what you received. Flexcoin has advantages besides the discounts and you are paying to use their service (of course that you will indirectly win something by using Flexcoin to Flexcoin transfers, but none of this is has any relation to a ponzi scheme). I think there are people here in the forum who specifically search for threads that haven't been trolled yet. Maybe there's a "Show untrolled posts" button and I didn't see it... |
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If you think that it is going down and then back at $15, it really doesn't make any sense to hold  If you sell now and buy when the price is just $0.1 lower you will make more profit. |
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if you have more coins, you get a higher percentage interest payout...it's determined by a ratio of your coins to total coins on server, not a flat interest percentage
Make transfers to his ID you do actually earn money, transferring to his ID is FREE. But you still collect from the people that still use old school bitcoin addresses.
We are trying to make bitcoins easier for the general population.
From what I understand, everybody got 0.02%. Of course that who has more coins earns more discounts, but the percentage is the same. Am I wrong? Anyway, I am not criticizing the service. I understand the benefits of having a Flexcoin ID. |
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So how do you change this?
Honestly, I don't know. Maybe the problem is that the Bitcoin client is not user friendly, or that there isn't an easy fast way to buy bitcoins, or that a lot of websites have been hacked lately, or maybe the problem lies in Bitcoin itself because it isn't appealing to most consumers. I'm still trying to figure it out... It feels like one of the main reasons people get involved with BTC is as an investment vehicle- Either to start mining, or to play the 'buy low sell high' game (I guess scammers could fall under this too, get money quick schemes). This doesn't support BTC in the long run- A major drop in the exchange rate and people in this category would leave. Already I get the feel that most of the forks are in the same vein- Longing for the days when BTC was much easier to mine, before the peak in prices over the summer.
You are correct. A lot of people are only in it for the profits. And most of the alternative chains were created because people wanted to "get in" early and mine with low difficulty. A few of those alternatives are already succumbing due to poor design decisions and critical bugs in the code. |
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I can't believe no one mentioned the most objective advantage of bitcoin: I can send money around the world without paying anything.
It may not be that useful to the average consumer, but it is the first currency that allows this. For example, I am an european and I really like dealextreme.com because they offer free shipping and they sell cheap stuff. I would really like to pay them with bitcoins because I lose a lot of money with the EUR/USD conversion.
Also, bitcoin is not anonymous by design. It allows for a certain degree of privacy and it can be sort of anonymous, but you must use other tools for that. I agree with most of what faustianover said. Bitcoin does not have one simple great advantage for consumers. It is technologically rather interesting and it offers some interesting features that some people want. However most consumers simply don't find these attractive enough to justify the change. At least right now.
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You will not earn anything if you are mining with a CPU. You will however lose money on electricity costs and maybe reduce the lifetime of your laptop.
CPU mining earnings are around $0.5 per month or maybe nothing (if your CPU is too slow, it won't keep up with the network and all computation will be wasted).
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You can start by learning how to phrase a question.
Do you want to create a pool server or do you want to mine in a computer with Windows Server?
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ArtForz, a German person, successfully ordered and implemented his(?) own ASIC design. It set him back ~$60,000, and for his pains, he was mining about a 20-25% of all the bitcoin production, somewhere around May or June of this year.
I believe he only tweaked the GPU client. I never heard of ASICs mentioned. Here's the wiki article: ArtForz is a regular on #bitcoin-dev. He was the first person to mine with GPUs, using private mining code that he wrote himself. He once held a high percentage of network computation power (~25%) but reports[1] that he now controls less than 1%. He claims that his mining software is still more efficient than all other GPU miners. He uses a heavily-modified version of Bitcoin; notably, he requires less transaction fees and he doesn't perform IsStandard checks.
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