What is the cost of running a full node? on VPS?
I have mine with We Love Servers. 60GB SSD (for now rapidly expanding blockchain size) -- price: $2/month. Nice. I didn't know this one. Also you can use the CPU of the VPS and mine Monero to reduce the cost by about 50% to 100%. No, that is impossible. You cannot mine on VPS as the processor are being shared and most of their TOS ban mining and will immediately suspend your VPS if you do so. VPS performance is actually pretty bad so you can't really get much. CPU coins used to be exclusively mined on VPS. It depend of the TOS but mining do not use the bandwidth or the HDD at all, only the CPU. In most case it fit the TOS. I never seen any VPS miner getting banned (unless it was on a trial account). They may warn you by email you if you use 1000 VPS only to mine but it is really exceptional. That's the problem. You are clogging the node's resources if you really do mine. There are certain providers which allow you to mine on their VPS but I could guarantee their price is high and the performance isn't good as people mine on the VPS, consuming the resources. Take a look at the TOS of one VPS provider. Forbidden Content:
Bitcoin/Litecoin “Mining Software” VPS mining is usually forbidden on most VPS unless you have a dedicated server which only you use the whole node.However, they are quite expensive compared to a VPS. I have tried doing it once and I was banned within 24 hours for continuously consuming the whole server resource, this is classified under server abuse and I was terminated immediately. |
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What is the cost of running a full node? on VPS?
I have mine with We Love Servers. 60GB SSD (for now rapidly expanding blockchain size) -- price: $2/month. Nice. I didn't know this one. Also you can use the CPU of the VPS and mine Monero to reduce the cost by about 50% to 100%. No, that is impossible. You cannot mine on VPS as the processor are being shared and most of their TOS ban mining and will immediately suspend your VPS if you do so. VPS performance is actually pretty bad so you can't really get much. |
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it usually happens when you send a small amount fraction below .1 etc.
Wrong, transactions above 0.01 will confirm relatively fast if the coin age is high. Transaction above 0.01 can confirm slowly without a fee if the coin age is low. I haven't heard of cases which the transaction gets stuck when transacting 0.01BTC and above without fee. |
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When someone runs bitcoin-qt in his personal machine connected to the internet with default configuration, is not he running a full node ?
Not unless he also opens Port 8333 on his firewall. Actually you are... you have the same amount of data as a business does, its that only ~ 8 people can access it . Now to get more people to run full nodes, do like darkcoin does.. their supernoods get a % of each block that is found.. The more connections you have to your node the more of the btc fees you get. Icon You can only have 8 outgoing connections which means you are connecting to others and not others connecting to you which is pretty much useless. By portforwarding 8333, you allow others to connect to you and therefore you are running a full node. That would pretty much render all ASIC miners and mining operation useless if you allow nodes to get transaction fees instead of miners. |
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Though i wanted to mention that vouchers, codes and so on are a risky thing to buy. Accepting those things as payment or paying for them is risky as long as you cant really trust the seller. The reason is that the real buyer of those codes can, at some point in time, claim that his codes were stolen. If that happens you lose. Those claims can be done months after selling so you should be cautious in general with vouchers. Sometimes the one youre buying from bought those codes from a provider and doesnt know what will happen too. Im not saying anything about Bob, only in general. Because thats a point that wasnt mentioned the first pages of this thread that i have read.
This is very true, however I think that using VPN/VPS services by/from him is even more risky. This is especially true for a VPN. When you use a VPN you allow the provider to potentially be able to see all of your traffic and potentially be able to monitor any unencrypted data (or even potentially encrypted data if he uses a vulnerability like POODLE). Another issue is that he asked users to provide him with a password (and many people are very lax with their password policy and will reuse passwords, this will potentially allow him to have passwords to many users' various accounts (either bitcointalk.org or other accounts - as he can see what websites you are visiting) I generated a random password and set that as my vpn password. The risk can be migrated by upgrading your internet browser or disable SSL3. Most website have already disabled SSL3. It is pretty hard for him to steal information as most website already have https implementation and it is easy for user to detect if he does a MITM attack. As for the gift codes, many trusted user have verified that he have bought it using Bitcoins which cannot be reversed. |
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Keeping an address to yourself or just for faucet payments doesn't mean people wont be able to spam it with payments. Once you use your address it's recorded on the blockchain and bots can then find it to spam you with. Happened before and it'll happen again, though those payments you recieved will most likely be just from some other faucets.
It's basically a wallet which allows faucet owners to send small amount of money to the people who claim faucet without fees and the system will group them together and combine all the micropayments into one and send to your address once you reach a certain threshold. It is like a online wallet but they don't allow deposits from blockchain. How would they be able to distinguish any payment from Blockchain? I seriously don't get it. In that context, I guess you meant Blockchain, or you meant "...but they don't allow deposits from the blockchain." Which would be even more confusing. Since, Bitcoin is basically built- I rather not babble on. Apologies, I didn't phrase that well. I meant that they don't allow any deposits in Bitcoin for the users, unlike coinbase. It is just a wallet which allows users to store mini payments from faucets. |
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What contract is good? Considering the risk of operator running away, datacenter downtime etc. The problem is difficulty is not always predictable, huge difficulty can increase due to miners bring shipped. I went to search for various cloudmining plans, they are either unprofitable or untrustworthy. The operator would just mine for themselves instead of selling shares if profitability is high. Trading isn't for everyone, the risk is high, you are more likely to lose money than getting profits if you are inexperienced.
I agree, there's always the risk of the company running away, that's why cryptocurrency has ben plagued by frequent scams. Last one that succeded was probably Lunamine in the cloud mining area, but there were even more among the hardware suppliers. Most recently we had AMT, and MAT, not to mention BFL. So cloud mining is probably as vunerable as hardware. Question is: If you're interested in mining at all and willing to take the risk, should you buy shares or hardware? In such case I'd buy shares. Why? -you start mining immediately, don't have to wait 2 weeks or more for the miner to ship. -you don't have to pay customs duty, usually a significant sum. -no need to buy a PSU -no problems with heat and noise -you can relax while somebody else checks on your miner. There are also some other marginal difficulties you face when mining at home, like your kids pulling the wires, losing money when you lose connection because the ISP or electric company had a maintenance, and some miners. e.g. the ones from KNC are known to to burn the cables. There are many reasons why people offer shares instead of mining, one of them is that they get the money right away, if they mined, they'd be getting more in the end, but it would take 6 months or more. And don't be fooled, most of them were and are mining for themselves. They usually have 100+ miners constantly online and if you buy a share you just direct the profit from one of these miners to your account, while the rest still mines for them, until someone buys another share  There's some reputable ASIC manufacturer out there, the incredibility high maintenance fees, 50%+ really make cloud mining unprofitable. If you really want to profit, you need to take more risk. You can always place the rig in your garage and place some fans. There are monitors available which can allow you to monitor the ASICs. Use a UPS backup if you are afraid your miners would go down due to electrical problems. Mining is most suited for those who have space in a datacenter and can host their ASIC there. |
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Most of them don't bother to run one because of their bandwidth and large disk space requirement. People would ultimately want to use the wallet instantly and Bitcoin core typically take around a few hours to sync and on some computers, even days. SPV wallet are more convenient. The network need more reliable node with high availability so it is pretty useless for a average home user to run a full node.
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This just recently came to my attention.
How is it that an account's email can be changed without verification from said email? Likewise with password changing..
This should be implemented asap, before the new forum (another year will be too long of a wait for such an issue)
This should be implemented to prevent hackers from gaining full access to the account. However, some people don't use a real address to register or use temporary email to register a account. The forum don't send email verification to activate your account, most people don't bother to use an actual email. If they need to change email or password, they would have a hardtime. |
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Keeping an address to yourself or just for faucet payments doesn't mean people wont be able to spam it with payments. Once you use your address it's recorded on the blockchain and bots can then find it to spam you with. Happened before and it'll happen again, though those payments you recieved will most likely be just from some other faucets.
It's basically a wallet which allows faucet owners to send small amount of money to the people who claim faucet without fees and the system will group them together and combine all the micropayments into one and send to your address once you reach a certain threshold. It is like a online wallet but they don't allow deposits from blockchain. |
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Cloud mining is never and will never be profitable. Buy some hardware(not preorder) and host them at your garage, provided if your electrical fees are low. If not, if you have a big investment fund, install some high efficient solar panel or rent space at a datacenter.
Both cloud mining and hardware is unprofitable. So choose cloud mining cause you don't need to do anything with it  Hardware mining is actually profitable for some. Winter is coming so some miners can just turn off their heater and use the miner to heat up their room. Some people also have cheap or even free electricity, they can ROI pretty soon if they don't buy preorders. Cloud mining is definitely unprofitable. Cloud mining IS profitable, you just need to choose a good contract. There's a group of people who simply take the numbers and say: "Oh, I need over 6 months to ROI at current rates. Not worth it!" It's not that simple. Just read some ROI tracking threads and you'll see. There are people who got profits after just 2 or 3 months, by simply trading their shares. Sitting on your ass and whining won't get you anywhere What contract is good? Considering the risk of operator running away, datacenter downtime etc. The problem is difficulty is not always predictable, huge difficulty can increase due to miners bring shipped. I went to search for various cloudmining plans, they are either unprofitable or untrustworthy. The operator would just mine for themselves instead of selling shares if profitability is high. Trading isn't for everyone, the risk is high, you are more likely to lose money than getting profits if you are inexperienced. |
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Bitcoin is neither in Beta stage or Alpha stage. You are mistaken. If you really want a secure one, then you can use hardware wallet like Trezor or BTChip. OR you can use Bither wallet, and use Bither cold wallet on a cheap android device and then send all the BTC into the address generated. Then, install Bither on your mobile(Android or iOS) and select Bither hot wallet. Then just create watch only mode wallet on hot wallet for your Bither cold wallet, then you can make unsigned tx and then scan the barcode with Bither cold wallet and it will sign that tx, then again scan with hot wallet to push tx. Now your private keys isn't compromised here. Now what do you think about BTC?
Nice setup. I personally don't like Android as it seems anybody can hack it, and if you lose your 'cheap Android device' you lose your money (like a USB stick--I have picked up an old USB stick from five years ago and found it no longer works). But your system seems to work. Nevertheless, I still say BTC is alpha/beta stage. Make a paper wallet and store it at a safe place. True, there was a vulnerability which affected the randomness of the private key last year. It was fixed and the wallet now function well. You can't hack a Android unless you have a internet connection, keep your Android offline and create a wallet, not even the most professional hacker can hack it unless the RNG have vulnerability. I really wouldn't recommend storing bitcoin private keys on electronic devices as they have a huge potential to be damaged easily. Paper wallet are less likely to get damaged however. |
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If you like to download software, movies, audio from upload sites or E mails probably your computer is mining BTC for the hacker, modern antivirus software could not help - if hacker soft is not wide spread  now, i know that the existing antivirus software can not help to find the virus which mining BTC for hacker. so some time we can find it through the abnormal process! There are viruses which are hard to detect, they mine only when inactivity is detected and they hide their process from the task manager. There are more useful things to do on botnets than mining worthless alt coins and mining bitcoin slowly. You wouldn't profit a lot unless you have a huge botnet and the infected host don't detect your mining activity. |
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Bitcoin Core is the way to go. You contribute one active node to the network. That's very important to the whole btc network.
If everybody runs a lightweight wallet, the network's gonna be more vulnerable.
That is only if you port forward 8333 TCP on your router. Most beginners don't bother to do that to become a full node. The network have no use for nodes which goes down often, network needs nodes which are stable and have high uptime. |
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Cloud mining is never and will never be profitable. Buy some hardware(not preorder) and host them at your garage, provided if your electrical fees are low. If not, if you have a big investment fund, install some high efficient solar panel or rent space at a datacenter.
Both cloud mining and hardware is unprofitable. So choose cloud mining cause you don't need to do anything with it Hardware mining is actually profitable for some. Winter is coming so some miners can just turn off their heater and use the miner to heat up their room. Some people also have cheap or even free electricity, they can ROI pretty soon if they don't buy preorders. Cloud mining is definitely unprofitable. |
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Cloud mining is never and will never be profitable. Buy some hardware(not preorder) and host them at your garage, provided if your electrical fees are low. If not, if you have a big investment fund, install some high efficient solar panel or rent space at a datacenter.
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i dont think with faucets you can earn much
When you urgently need 5k-10k-25k satoshi, faucets can help. If you need more it is better to use another way. Urgently as in a few weeks? Most faucet don't allow you to earn that much in at least a few days or even weeks, unless you spend days without sleeping and fill out captchas one by one. You're lucky to even get 10k satoshi in 3 days. It's better to trade your fiats to Bitcoin than wasting time and electricity filling up captchas. |
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Consider to send your transactions with a fee of 0.00000001 (one satoshi) instead of none fee.
Sorry, that's nonsense. Either leave out the fee (and risk that the transaction won't be processed) or add the standard fee of 0.0001 BTC to ensure that everything works as it should. Miners that refuse to process no-fee transactions would most likely refuse one-satoshi transations as well. Onkel Paul currently is ok to use 1 satoshi No it isn't. 9999 satoshi or anything less than that is considered non standard fee. 1 satoshi won't even increase your priority by a bit and most nodes would consider it as a dust transaction and refuse to relay it. Most mining pool also wouldn't include it in their blocks unless your coin age is high and outputs are more than 0.01 BTC. That is not absolutely right. First of all there is no such thing as non standard fee(unless it has negative value) every transaction fee included(or not) is considered standard.Secondly you should know that there are 0.9.x miners who mines transaction which put 0.00001(1000 sat) per 1000 bytes so 9999 satoshi fee is 9.999 times higher than they require. This is what bitcoin wiki tells me Note that a typical transaction is 500 bytes, so the typical transaction fee for low-priority transactions is 0.1 mBTC (0.0001 BTC), regardless of the number of bitcoins sent. By standard transaction fee, I meant the fee for the transaction to be accepted ASAP. Obviously, you don't have to put one if your coin is old enough and have outputs of more than 0.01BTC. That don't happen with majority of the pools/miners. Most of them require a 0.0001BTC fee at least. Obviously, that depends on the kind of software client they are running, different ones have different behaviour. |
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Consider to send your transactions with a fee of 0.00000001 (one satoshi) instead of none fee.
Sorry, that's nonsense. Either leave out the fee (and risk that the transaction won't be processed) or add the standard fee of 0.0001 BTC to ensure that everything works as it should. Miners that refuse to process no-fee transactions would most likely refuse one-satoshi transations as well. Onkel Paul currently is ok to use 1 satoshi No it isn't. 9999 satoshi or anything less than that is considered non standard fee. 1 satoshi won't even increase your priority by a bit and most nodes would consider it as a dust transaction and refuse to relay it. Most mining pool also wouldn't include it in their blocks unless your coin age is high and outputs are more than 0.01 BTC. |
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