Unless your computer looks like this...  I would forget about mining. As pictured above, bitcoin mines are now reaching industrial scale. Where is that picture coming from? Which mining farm does it show and what's their hash rate? Looks mezmerizing  It is from a news which covered bitcoin. They actually went inside the mining datacenter. It is owned by megabigpower.com. They are located at north America and their hashrate should be about 6 PH. |
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I just filled the form and updated my signature.
Where can I see cofirmation about that I'm in?
If you have filled up the form correctly, you are in. Look at the currently enrolled users on the first post from time to time to check if you are enrolled. |
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this should be a sticky towards that newbie section thread w. list of faucets.
No use, not much newbies use them. Since their payouts are so low for newbies to even try it out. It would be a really complete of waste of time for newbies to use them, putting it as a stickier would be no use since we always tell them to avoid all of the faucets. |
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satoshidice.com
Satoshidice requires at least 0.01, minusing the transaction fees. Bitcoin is worth about $600, 0.01 is $6 which would not be the minimum amount. Their house edge is also very big, so that gamblers might not win as much as lower house edge games. |
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Pm mining contuniues to be interesting with all the speculation however they do continue to deliver every week.
Another newbie question: what are mixed coins?
Coins which originates from other places. It often helps to prevent people tracking on the bitcoin. It promote anonymity. For example, if you do not want people to track it, you would send the coins to a service which helps you to mix the coins. The coin associated with your older transaction will not appear in the new transaction. Therefore, people won't know where the coin you sent went. An example mixer is bitmixer.io Exactly. If PBmining does have 1300TH/s, they should get about 10 blocks a week on average and they could send payments directly using the block rewards. Instead, they use a mixer to hide where their coins came from... Using a mixer would incur a larger fee, makes no sense since they wouldn't want to waste their money on this. They may be trying to hide their pool though, they might not want people to know which pool are they mining on but that seems suspicious as they don't have much reason to hide a pool. |
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The best would be to get a bitcoin app for your phone, send like 0.25 to it and try to use it as much as possible. Get used to how the transfers go, and how quick things are verified. Experience always is the best.
OP should just research more before trying out small amounts to online wallet or lightweight wallets and get more experience. No newbies would immediately buy $125+ for a thing they don't have knowledge about. |
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Starting posts: 255
Bitcoin address: 1ELuGSK1qyNLPChHhPX1yja6iQ4x9jdEdQ
I have joined this campaign over month ago and I haven't been posting for a while because I had some issues in RL and now I back. Do my posts still count? If you did not enroll via the form, you cannot claim payout. Everyone's enrollment were resettled when this system was put in place. You can ask Stunna to help you with it. Otherwise, if you enrolled via the form, you can just claim the post rolled over and post made this month on the 17th. |
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If someone borrows BTC from me and uses LTC as collateral, I couldn't care less about the dollar value of either. But I sure as hell want the collateral (LTC) to always equal or exceed the amount owed (BTC). Therefore I am interested in the volatility of LTC/BTC value, and I will always require extra collateral to cover that risk. Otherwise I'm not lending money to some anonymous person on the internet (who might be a hacked account, bought account, scammer, etc.). It is just not going to happen.
Ok so lets go over this so far, you say you want protection and 120% collateral to protect in case the coin declines in value right? OK, what happens if today i borrow 10 litecoins from you with a promise topay them back in 30 days and in 29 days bitcoin drops 100 dollars in price and litecoin doubles, what protection does your borrower have against that,? Lending is a two way street is it not so if you are protected as a lender with 120% collateral how is your borrower protected if the value exponentially increases? Just curious  As far as my take on the laws,TRUST and BELIEVE bro if anyone is doing any kind of lending of any kind of value represented in absolutely any way with the USD, the tax man wants his share, the law man wants his share (licensing offices) and theyb dont care about your or my take on the law, they will find a reason to slap you with fines and court fees. If you base any lending at all on the united states dollar in any way shape or form, you may as well open your own payday loan office and pay for the licenses, because if they find out and want to be pricks about it, they will USA is already taxing and implementing trading laws on the exchanges that trade the USD market against cryptocurrency, what makes you think they wont impose the same lending laws against a party using fiat values to lend his coins out, AND they are taxing bitcoin income as well in a lot of states already.
If you don't like a lenders terms, DON'T BORROW FROM HIM.
If you don't like a borrowers terms, DON'T LEND TO HIM.
This is a great idea,one I use actually. The lender should be one who is trusted enough to hold your collateral. That is unlikely to happen since if Bitcoin value drops, the alt coin's value should also drop. If you dont trust the lender enough, then use a escrow. Most of them won't risk their reputation to scam in a loan collateral. |
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Always use cold storage for large amounts of BTC. Secure it with a strong passphrase, keep backups over a few different locations. Be wary of dealing without escrows and dealing with untrusted members. Always try to use escrow for every transaction. Get a good anti virus for your computer and do regular scans. Do not download suspicious software's. Do not cloudmine, they will never ROI and can run away with your money.
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If you're looking for a pool, I'd recommend you look at the pool comparison page which you can find by searching and then find one with low fees, a good interface, and one that's reliable. Do not go with Ghash please as they are up to something no good, IMHO, or else are just really greedy and don't care about BTC.
IMO it is better to go with Slush's pool @ 2% fee. Now Discussfish is 2nd largest pool but you will have to mine in it at 4% fee. Which pool would better : 1) Mining in a pool which finds blocks fastly @ 4% fee . 2) Mining in a pool which finds blocks in a time( neither faster nor slower ) @ 2% fee . I excluded Ghash.io as it doesn't seem good. Kindly, MZ 2) would be the best. If you join a pool which find blocks every day, you are likely to experience lesser payouts but in the long run, you should get around the same,more frequent blocks equals less payout per block but less blocks equals to more payout per block. In fact, the pool with lower fee will win the other pool with higher fee. |
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Bitcoin Core is so fucking slow that I have to stop it, and restart it in order to get a decent sync speed again. Anyone gets this?
You need a better computer and memory. Other than the purchase of new hardware, OP could try downloading a torrent of the blockchain. Additionally, kingama offered up a good suggestion for speeding up the transaction synchronization process. This solves two of the problem. However, there is still one extra problem. If the CPU is slow, it still can take sometime to verify all the blocks. Torrents aren't usually that fast and their checkpoint is usually quite far behind so you would still have to sync for a few blocks. Blocks syncing are usually slower when coming to the later blocks since blocks size are bigger. |
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investing in cex.io is not profitable
price of ghs is fluctuating every day
Well I'd be more worried about what ROI you actually get with the ghs rather than the fluctuating price of it. ROI is certainly impossible but for people who invested in it to try out, they would want to sell it very soon. If the price drops ridiculously, they won't get back the same amount of what they invested. I have seen the GH/BTC dropping a lot for the last month. Even if they exit very early, they won't be able to get back what they invested. i live example of i bought ghs @ 0.0049 GHS and sold @ 0.0046 i got 0.0004 BTC in wallet from mining and got nothing now i am trading in sites and getting 0.01 btc profit daily Both trading and mining does have significant amount of risk. The days needed for 1GH to earn 0.0001 is around 3-4 days. By the time, the price may have already drop a lot and you can't even be in positive profit after minusing the transaction fees. |
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I have used their faucet last year and got around 0.0001 for hours of hard work. I usually either get a blank page or timeout errors, I haven't try them for a long time. It would really be more profitable to even join a newbie and Jr member signature campaign. You wouldn't like to sit there for it to load while typing the annoying captchas.
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investing in cex.io is not profitable
price of ghs is fluctuating every day
Well I'd be more worried about what ROI you actually get with the ghs rather than the fluctuating price of it. ROI is certainly impossible but for people who invested in it to try out, they would want to sell it very soon. If the price drops ridiculously, they won't get back the same amount of what they invested. I have seen the GH/BTC dropping a lot for the last month. Even if they exit very early, they won't be able to get back what they invested. |
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Is that just me, but investing in cloud mining is dead, unless you are hosting and selling those gh/s by yourself ?
Not only you. It is either they charge the price of the GH too high or the maintainence fees too high. There isn't any reason for them to sell GH if they can actually mine themselves and profit. Their maintenance fees are way too high. They do not actually set the prices on their GHs, the market does, however it is very difficult to tell when the price is overvalued or when it is undervalued due to the uncertain amount of future difficulty. To be honest, the difficulty will increase since ASICs are produced at a fast rate. The maintainence fee would cut your daily profit by 10-20%. Even with small difficulty increase, you are actually paying for more than what you earned. They allowed cloud mining to allow themselves to benefit as more new model of ASICs are popping up. |
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Stunna can you please add me on skype to get this sorted? Zepherox
Stunna don't usually give people his Skype, there are a lot of imposters around. Try sending it to support or PM Stunna about this, I usually have it sorted within 24 hours. |
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Don't worry - Tor wont be evil any more once Mike "Bitcoin Judas" Hearn is done adding blacklists to it.
So no more accounts can be registered with Tor in the future, right? What about using Tor to log in an existing account?  Using tor to login to an account doesn't gives you unit of evil. You must create the account with your real actual IP to bypass the fee. The forums would immediately detect your IP as a tor node and force you to pay a fee, this feature already exist. |
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Pm mining contuniues to be interesting with all the speculation however they do continue to deliver every week.
Another newbie question: what are mixed coins?
Coins which originates from other places. It often helps to prevent people tracking on the bitcoin. It promote anonymity. For example, if you do not want people to track it, you would send the coins to a service which helps you to mix the coins. The coin associated with your older transaction will not appear in the new transaction. Therefore, people won't know where the coin you sent went. An example mixer is bitmixer.io |
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Do lending you can make some profit.
Lending isn't the right way. No one in the right mind would want a $5 loan. Even if they need it, they most likely would not provide collateral which puts you at the risk of the borrower defaulting. There are people who even scam for $3 in the lending forum. |
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stunna, does PD# offer investing from playing? if not i think you should research and add it. it will double your rev.
The trust required to trust stunna with your money is very very high. Stunna is making enough revenue from his own bankroll. He would be held responsible if any suspected roll manipulation is reported, even though he may not. If the site gets hacked, he would need to repay every investors's money which can be big and his repuation would be ruined if he does not pay. |
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