I think after halving the trading will be more beneficial and more people will be involved in bitcoin trading , as at that time everyone will sell and buy bitcoin on large scale so there will be a large profit in trading.
I also think that after halving a large number of people will buy and sell bitcoin so every exchange will be more efficient and within a day a trader will earn a bigger amount of profit and will be millionaire sooner. Now that is very optimistic "millionaire", good for you! IMHO, only due to the halving, other factors aside, the price will stabilize somewhere in the 700 to 800 USD range. This will allow the miners to be profitable, which sustains the blockchain and allows our transactions to keep flowing. I also think it is not out of the realm of reality to think some of the larger miners are playing a role in the rise we are currently seeing. |
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Bitcoin Address: 1FbnZT1eREurr9DCcMuRuhn6yfSgCgEtFd
Message: This is JarBinks owner of this account from bitcointalk.org and today is June 18, 2016
Signature: IHE4/fkvQzCNCkWkN34RhCqvqRwZkrnQjE8efYEw2gcTwiGLlBMxBbL6oAG9TBNmrOZFAtlFomIAaMuKPTsysk8=
I know it has been said but, this is a great idea and a real service to the community.
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I have 2 X AntMiner S3+. I'm looking for a new coin to mine. Preferably a new coin who got potential to become worth something in the long run.
Any suggestions?
hmm, that is an SAH256 rig so you are a little bit limited to mine a coin directly. Are you looking to mine and hold, or mine and exchange to BTC? Picking the best coin to mine is not an easy task and many factors go into the decision. A site like http://www.coinwarz.com/ can be a starting point to help you decide. I like some of the Auto-Exchange pools like https://miningpoolhub.com or http://www.zpool.ca/ An added advantage with http://www.zpool.ca/ is that you can get paid out in any coin they mine, as long as it is active in the pool. For instance, you could send them SHA256 hash and get paid in a coin that is Scrypt. As always, read the pools page and check out their bitcointalk page and/or their IRC channel before making a commitment. |
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Ethereum Mining Pool Hub
Mining Pool Hub's ethereum 20535 port supports both previous stratum, and new nicehash stratum protocol now.
Also Ethash auto profit switching port 17020, Ethash multi-algo endpoint 12020 are also compatible.
us-east1.ethereum.miningpoolhub.com:20535
europe1.ethereum.miningpoolhub.com:20535
asia1.ethereum.miningpoolhub.com:20535
Happy minig.
Awesome, Thanks for the update. Let me see if I can make us both some coin now! |
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i got scammed 2-3 times in cloud mining...and my luck was so bad that i have not got a single return of my amount....hashprofit and cloudminr.io they ran with my btc  Why didnt you did a bit of research on cloud mining on this forum first and see that so many people are against it I agree there is alot of information here about the pitfalls of cloud mining, use it but, also learn enough to make your own decisions. Keep in mind mining itself has low profitability so if you see an offer that is really good, it is probably a scam. I remember when I first started in bitcoin I found a piece of sha256 mining hardware that was 2x faster and used 1/2 the electricity of anything else. I got all excited and was about to spend some money, I came here and of course I learned it was a scam. I looked for it just now and could'nt find it, which makes me feel better, but I bet it's still out there somewhere. ooooo, I found my scam and the bitcointalk thread on it https://bitcointalk.org/index.php?topic=883534.0 Man that brings me back |
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I live in a major city and I always look for and ask if the places I spend my USD accept BTC, I have yet to use BTC once in the real world.
Until people can use BTC for everyday transactions the adoption will be limited to people like us.
Which is kinda ok for me but I do like the general idea behind BTC and someday, not soon, but someday it may replace USD.
I think it has much better chance in places/countries where the idea of money a little less standardized and fixed, like where bartering is prevalent.
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i got scammed 2-3 times in cloud mining...and my luck was so bad that i have not got a single return of my amount....hashprofit and cloudminr.io they ran with my btc Why didnt you did a bit of research on cloud mining on this forum first and see that so many people are against it I agree there is alot of information here about the pitfalls of cloud mining, use it but, also learn enough to make your own decisions. Keep in mind mining itself has low profitability so if you see an offer that is really good, it is probably a scam. I remember when I first started in bitcoin I found a piece of sha256 mining hardware that was 2x faster and used 1/2 the electricity of anything else. I got all excited and was about to spend some money, I came here and of course I learned it was a scam. I looked for it just now and could'nt find it, which makes me feel better, but I bet it's still out there somewhere. |
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I agree about cloud mining, I have not seen it pay. Though I do use https://www.nicehash.com and https://www.miningrigrentals.com/ to buy hashing. While it is not risk free it is shorter term and especially NiceHash is market driven so there can be some opportunity. As with anything, invest small and learn as much as you can. With hardware mining, it can pay if you can get very cheap electricity, most of the big mining operations build next to hydroelectric stations. |
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I don't think we are done with the rise yet either, though I am not sure we will see $1K.
IMHO, this rise is all about the halving and not other external factors I have seen mentioned on other threads.
In the mean time I am very happy to watch it in the 700's when I was use to 400's and 200's before that!!
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Sounds quite risky to me also but I bet if you get 1 person to bite other will as well, lemmings!
You have to be a little careful as well because if you run a too many miners your usage will become easily noticeable, if it's tracked.
Most multi miner operations need dedicated circuits installed to handle the draw and it is not a small amount.
And it's on all of the time, bitcoin mining is turning electricity into bitcoins.
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And also the price has a big fluctuations and big rise nowadays so in a sudden rise only those people can make profit who do trade manually, bot those who have set the bots for it , they will lose all the coins at a certain low price relative to that time.
That would be true if the bot that was being used had not been taught to deal with the situation. I am not saying bots are perfect and I am not saying they don't make mistakes what I am saying is that a good bot can be quickly educated on changing conditions and adapt. In general bots do not follow the Ron Popeil philosophy "Set It..And Forget it", just like manual trading they need to cared for and loved. |
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Hey Nicehash, can I sell scrypt hashpower and get paid in Ethers instead of BTC?
Pretty sure you cant do that, we will have to wait and see what someone else says. IMHO, you would need to find a pool that does auto exchange to any currency they are using. Maybe MiningPoolHub, though I am not sure so use at your own risk. |
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bought 0.5 btc when it was $550 , now i'm not really sure to hold or to release
One strategy you could take is to sell enough to cover your costs and then you will be only holding profit. This would leave you free to determine when to cash out and not be worried about loosing. So some math. This is just an rough estimate based on price right now and does not include any fees (Trading, Withdrawal or Transfer) 550 * .5 = 275(Total cost), 275(Total Cost) / 750(Current Price) = .37, .5 - .37 = .13(Remaining Investment), .13(Remaining Investment) * 750(Current Price) = 100(Current Profit) |
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Anyone having problems connecting to yobit?
yes. mb ddos Me too. Can't connect for a few hours already. I am not able to connect either for about 3 hours now. Edit: I was just able to get in but it is very slow, If I had to guess it is probably a ddos attack |
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Anyone having problems connecting to yobit?
yes. mb ddos Me too. Can't connect for a few hours already. I am not able to connect either for about 3 hours now. |
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I think the current rise we are seeing is somewhat related to them manipulating the price to maintain their profitability.
Can you prove that miners are manipulating the price, or is that just an conspiracy fantasy from your imagination? LOL, No proof, not a conspiracy fantasy and yes from my imagination. To me it just makes sense that they have the means and the desire to manipulate the markets to maintain the profitability they are accustomed to. How they maybe doing it? Dunno, I bet there is some way to analyze the blockchain to determine part of the story. Not saying it's a bad thing, or a good thing, it just is. To me it's no different than what happens in other markets all around the world everyday. |
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IMHO Since the large mining companies will make 1/2 the BTC when the halving occurs their profits would be cut in half if the BTC prices stayed the same I think the current rise we are seeing is somewhat related to them manipulating the price to maintain their profitability. I am not sure how high it will go, I originally thought 700-800 USD but we are already close to that so I would say not much higher. It also benefits all of us holding BTC as we see our value go up.  |
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As it is using an unsigned 64 bit integer to store the number of Satoshi's any extension to this would not at all be trivial (it would require quite a lot of code to be reworked and a huge amount of testing) so I can't see any such thing happening for many, many years (if ever).
Understand that it affects the entire system in regards to the txs (memory, protocol and storage). Perhaps people might recall the amount of work that was done to solve the Y2K problem?
(am guessing most here are too young to know about that - but it resulted in huge numbers of retired COBOL programmers coming out of retirement to earn huge amounts for a few years)
Those that say "Bitcoin's 8 decimal places can easily be extended" do not understand software engineering.
I agree, Changing either the 8 decimals, very painful, or the total supply, creates uncertainty, is not something that will happen soon. Look at how the needed increase in block size is going!! Ahhhh, COBOL and Y2K, I remember that and ya know I am kinda glad COBOL is barely used anymore! Good luck actually making it happen if it does somehow become necessary! If they can't reach agreement about anything else, I don't see people agreeing on spliting the Satoshi.
Without having to come to any agreement, just add mili/micro (or some other unit that is smaller) satoshi and the problem would be solved. I can see how it would be hard to reach an agreement on the name though. Otherwise it won't be needed. Now even if it does become the world's only currency, dividing the Satoshi into a million Laudas won't be needed: one more decimal will do the trick (to which we'll add 2 more for the sake of clarity).
If you do not use Laudas, I will stall consensus for all eternity! I will vote for Laudas!! |
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Do not rely on auto trading bot, they are not that much genius which you are, you can trade more better than bots and can earn better than them.
Yes that's right because you are the one who will analyze and make a better decision than bots. Bots is for lazy people. So you are saying that the people that control 25% of the NYSE daily volume through Program Trading are lazy people? Well they may be lazy but, when they get it correct, I am pretty sure they make a decent amount of money. Again I went a little ranty!! |
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I did a test with an automated trading bot a while back and even with highly customizable options, I was never able to "dial it in" where it would trade profitably, consistently. It'd make a little here and there then turn around and make 10 losing trades in a row for no apparent reason. The cons definitely outweighed the pro of being lazy and overall my test ended in the red.
It's possible for a good trading bot to be profitable over time, but it isn't easy and most likely requires some degree of babysitting in order to ensure the code used continues to be profitable with more trades than not.
In my case it was obvious that some settings worked some of the time and some worked others... sometimes nothing worked. The trick would be figuring out what works and when and then adjusting the trade options on the fly.
MHO - Don't use a bot, you'll do better learning the what and when and trading yourself.
I agree. Trade without a bot for a long time to understand all of the moving parts. Then you can better understand if a bot is good and what it is doing well or poorly. And if you get adventurous you can develop your own and then you will have 100% control over what it does Yes this is true without any doubts, but using a bot is still not good because bots do not have a brain so they cannot think about the consensuses of a thing they are doing.. And sometimes not having a brain can be a good thing.  True a bot cannot think about what it is about to do, it is up to the developer to infuse it with logic about what they want it to do. Currently...Programs only do what people tell them to, if they do something wrong/bad/unethical it is the peoples fault, not the programs. I can recall, on a few occasions, where coin wallets have done bad things, I don't see people saying "Bad Wallet", I see "Bad Dev". Why are trading bots different? oh, I went a little ranty there,  |
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