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Despite the fact that many people never see it, there are exchanges that trade FIAT for Bitcoin and other alt coins. In fact, most of the big exchanges do this. The newer laws require that a user go through a verification process first and some exchanges can't do this with customers in the USA.
There are hundreds and thousands that do this everyday. So, for most people a $50 flux in the market price can be a big deal
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The other day I was on Paxful and saw several users buying Bitcoins at an enormous price. For those that don't know, on Paxful you trade Bitcoins back and forth for various account deposits.
I plugged in $10 and they would have deposited $150-300 in a Square Pay account. Paxful covers the initial transaction, they do not get the Bitcoins until you tell Paxful that you got the Square Pay deposit, but I am sure that the funds would have been disputed hours later. If I had an instant Square Pay to bank option, I might have done it, lol. |
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I love all the work that you have done with this and your other projects. I just hope that people watch these new pools closely. When it becomes this easy to deploy a mining pool, and the startup costs become no more than the domain, the server and maybe some promotion. Does this make for unqualified pool owners and managers?
Providing the software for free to run a good pool is indeed a two edged sword. It lowers the barrier of entry to the point where anyone with the minimum necessary knowledge can start up a pool which is not a good thing because a pool needs to be run by someone who is a software and networking expert in their own right and can provide the kind of 24/7 experienced support and maintenance that a good server needs, not just 'some random guy renting out a vps.' However it also provides the bitcoin world with a well tested, developed, scalable solution that is designed from the ground up to provide the best experience for miners and hardware that does not waste hashrate, electricity, and make hardware misbehave, along with a block creation system that is guaranteed to support the bitcoin blockchain in the best manner possible, not creating empty, partially validated blocks and skimping on transactions - which is the whole point of bitcoin. The mining was never meant to be a means unto itself, it was meant to be a system to validate transactions. Pools that choose software options that don't do this are harming or at least holding back bitcoin's growth and maturity - the four largest pools all do this - one has even published new pool software code that encourages it. Providing free software is also a two edged sword, but that debate is better left elsewhere. My sum position is the software world at large has realised that it is better off with free software as it helps improve the global pool of knowledge more than it helps just lining the pockets of the people who created the software in the first place. I've always believed in this ideal and pushed my contractors to choose free software when possible, and even charge less to write free software than private code. With luck, even those that have little knowledge will slide through without losing people's money. Some people will scam, some people will simply fail and lose the funds. I love the software, I would love to jump on it myself and actually considered using it to combine the efforts of multiple miners at my office and home. |
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I have heard about burst coin 1 year ago, but i still not try to mining it. Because i just use laptop and doubt to trying mining it, am i can mining burst coin using laptop? Of course i have big capasity of harddrive?
Thank you for answers.
Anyone can mine Burst, even with a laptop. Check out the main Burst forum for instructions: https://forums.burst-team.us/topic/165/videos-step-by-step-video-guides-how-to-mine-burstcoins. If you encounter problems, just ask in that forum and you will get help from fellow Bursters. This is true, the part that uses the processor the most is the plotting, so that might take time. But, you can literally move that "plot" around from drive to drive. For the TB drives that we will be using, this doesn't make sense, as the time it takes to move it is just wasted. However, even though you can move the plot from one place to another, copying it makes no sense unless the two copies are not mining at the same time. I am not sure if someone could cheat using this system and mine the same plot from two different locations, but it is basically stupid. But, if you have a friend that has a power PC, you can use his PC to plot say a 200 GB plot, and then move that plot to your laptop and you might save a very small amount of time. But wouldn't different computers mine the same "plot" in a different way? This is where it gets confusing. Honestly, I am not sure. I do not think so. I am not positive what data is held in that "plot". I do know that if you are mining and get disconnected, reconnect quickly and the same block is there, you get the exact same set of deadlines. Honestly, though it takes about the same amount of time to plot a drive as to move move those big chunks. They are not needed for the plots to be seen, but they give the user the ability to mine directly from the plots. I wonder if each hard drive could mine to a private pool the site controls and that pool could then be pointed to an outside pool so that the outside pool sees those pooled miners from your site as one entity. |
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Providing that an account has neutral or positive trust, then the buyer can put it in whatever campaign they choose. The only way that the camp will make a difference is if the account has negative trust and has somehow found its way to be grandfathered in the camp.
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With Bitcoin, there is the daemon/client and a GUI. The wallet GUI is nothing more than a program pushing commands to the daemon. Someone wants to start programming or creating side chains or assets and they immediately hit a wall of nearly impossible learning depending on their initial knowledge base.
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I guess it no longer applies since they locked the thread but you could have put the YoBit Sig Campaign guys up there for obsessing over "The Button"! Every weekend, holiday, every time the moon moved, "The button is not working!" Lol, I am just poking fun for fun
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how is a system/coin like this affected by the chain above it? You say that this is ETH based, so I am going to make up numbers to illustrate. Lets say that ETH is 0.01/BTC and your asset is worth 100 ETH each. That would mean that an overall value could be placed indirectly at your asset being worth 1 BTC each, 0.01 times 100. Now, as the price of ETH rises and falls, how does that affect your asset?
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It's just too easy to create wallets, so why don't generate hundreds of them just in case? Just like create hundreds of emails, facebook, youtube... accounts. They are always useful.
So why you are going to create hundreds of bitcoin wallets? I don't think you can have some profitable ways by creating hundreds of bitcoin wallets. I know that with facebook, youtube and other some social media accounts can make you some profitable way if you are going to create with them, but with bitcoin wallets I don't think so. They create them left and right, lose the keys, lose the wallets, lose everything and then wonder where it all is. |
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Yeah,you should because if you already don't believe,you'll soon discover the real power BTC possesses and all the possibilities it gives you
and if someone don't believe bitcoin he really can't get all benefits and advantages of bitcoin. only the believers can use bitcoin with compatibility and can use all its feature and earn it for free. bitcoin worth to believed because bitcoin is really legit. there is no doubt on it. People who are using bitcoins or earning them will surely believe in it and in its potential, but its hard for those people to believe in bitcoin who have not yet enter the industry. I think those who are using the bitcoins and know its advantages, they need to transfer their knowledge to other peoples so that more & more people are attractive towards the bitcoins and more people should started believing in bitcoins |
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being rich is not an easy task, requiring enormous perseverance and hard work that is not stopping constantly to be done. I have prepared a plan which is currently only looking for bitcoin as much as possible and collect the money that I get the real world so that when it is collected, perhaps I can build a business that can make me rich someday
that's why we need hardwork to be rich  i have plan to get rich too, i hope your plan running smoothly too. having biggest mining farm is my target to be rich My suggestion is go mine ETH, they will be worth big in the future, bitcoin is not profitable nowadays if you are not a big company for mining. I like you idea but that is not my passion, I will just have to master trading to be rich in the future. Mining is good if the electricity is cheap. You need to do the calculations first and then start the mining to get rich from it. |
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I have 10000 Beam coins to sell. Anyone willing to buy from me ?
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I won't vote president candidate only because he/she support bitcoin, i still have to look other aspect such as his/her views, what will he/she do after become president and many more.
Better vote for best president for majority people and convince he/she to support bitcoin.
I think president will not support bitcoins as they want to control the money and bitcoin does not support centralize controlling |
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I use a wallet which originated from my country. It is an online wallet but because their main office is just nearby, I chose to use it over other wallets because it is by far the safest for me.
Can you share the name of the wallet ? If its secure and used worldwide, maybe we can also try using it ? |
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You also have to learn the payout systems and which is for you. It takes time to figure it all out.
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You mean out of all of the "most dangerous ones", blockchain.info is the safest.
Because no online wallet is safe wallet.
If you really know how to store your coins, and if your computer is free from keyloggers, spyware and trojans, then blockchain.info can be one of the safest places to store your coins. I know a few people who got their coins stolen from blockchain.info wallets. But it was entirely due to their fault. They were careless with their private keys. The blockchain itself, the concept and system of confirmation, solid, the people factor, flawed. |
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I always wondered how much these pools were profitable. Do we have any infos about that ?
With a small rig or medium rig, I prefer a medium pool. Too small of a pool and you might as well be solo mining, too big and your hash is buried beneath the rubble. Sometimes I mine for a while and then stop, shift work is best for me because those 20 minute shifts pay since I was there and even if the block is not solved, I can leave and not lose those payouts. |
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I really don't think a hard fork is a good move.
Maybe a side-chain or something like that.
And well, we have a lot of good alts over there, bitcoin is not unanimous anymore.
It is like saying that every one that shows up and votes gets to pick a president and all those that don't vote automatically vote for candidate 1. Hard forking the coin is like this example |
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That is good advice because exchanges gets hacked often
On any PC, even if the private keys never leave the PC, there are viruses that can log the user's keystrokes and transmit the data, there are copy/paste switching programs that can make you think that you are pasting your public address and switch it to another so that someone else is getting paid. |
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Till it's not accepted somewhere, bitcoin is golobal currency only in people minds, but honestly bitcoin is still young for it.
Yes, to become an international currency, bitcoin must be known by all people around the world. For now, bitcoin is not become a global currency, because there are many people that still don't know about bitcoin and how it works. I want to believe that this is what everyone is hoping for because this will go along way in removing the bottleneck attached to converting to FIAT in other to get basic things in real time |
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