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8921  Bitcoin / Bitcoin Discussion / Re: actual number of people using Bitcoin? on: November 03, 2016, 09:30:05 PM
I think there is no way to know the exact number. Actually, there's a lot of people who are using bitcoin at the moment. In short, it's already countless. As time goes by, there's more and more people who are joining the world of bitcoin and this is actually good for bitcoin.

We just need to estimate the order of the magnitude. At present, there are fewer than 500,000 people.
8922  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum to go up or down? on: October 17, 2016, 07:06:24 AM
Ethereum is now working better on its way and I think in the future the investors of ethereum will increase and more traders will do trade with ethereum so we can say that the price of ethereum will increase in the coming future.

But after experiencing the past crash of ethereum it is very hard for me to once again take part in this altcoin. I have invested in a number of altcoins but in this altcoin I am investing only a minimum amount.

yeah, me too. the crashes are always hard and big. and we are seeing another crash although the speed of it right now is very slow.

the only reason for these crashes are the pumps and the bubbles that take form with ethereum. and right now i am waiting for the crash because of bubble burst + another hard fork.

The Ethereum price is still around $12 at the moment. I do not see any big crash. it is normal price.

The ETC price rose 10% in the last 24 hours. Is there any reason for the rise? I thought it is not going to hard fork.
8923  Bitcoin / Bitcoin Discussion / Re: actual number of people using Bitcoin? on: October 08, 2016, 05:19:09 PM
Is there a way to determine the number of people who are actually using Bitcoin till date? Who would have access to such information? Meaning a way to find out, how many new people have used Bitcoin in 2016 , so that we can say exponential growth is natural not artificially created by hoarders.


I think to determine the actual number of people using bitcoin is can be found in the exchange platform, or in the blockchain. But not precise count I think.

Not everyone trade bitcoins with other currencies also not everyone use blockchain.info
So predicting the numbers of users on these things is useless.
If I am not wrong then many Darknet websites uses Bitcoin and counting the users who use bitcoins there is nearly impossible.
So I think it's impossible to find the number of users using bitcoin , It's like counting the starts.

we can never know the real number of bitcoin users that is why the only thing we can do is to speculate and make guesses based on the usages that we can see.

so all of the above can be right, and this actually gives us a general idea about the real number. I can add to the list the following: number of transactions per day, the number of wallets on coinbase, and if possible number of addressed with more than 0.01BTC on them.

Maybe the actual number of the people own the people does not matter too much. The number of people doing active transaction matters more.
8924  Bitcoin / Bitcoin Discussion / Re: actual number of people using Bitcoin? on: September 14, 2016, 04:53:12 PM
It is a difficult information to obtain, perhaps is possible to get approximations, but with high margin of error. In my opinion, the number is something around 250k users.

I think the exchanges can help with the actual figure

Information from exchanges regarding unique users can give a decent estimate (more than now) as to how many people are trading, but I don't think they will share that information with the outside world. Otherwise they would have done it already I guess. But then again, it will still be an estimate, and nothing can tell us whether or not it's close to the actual amount.

The exchanges will protect the information of all the users. Otherwise, nobody will use the exchange any more.
8925  Bitcoin / Bitcoin Discussion / Re: actual number of people using Bitcoin? on: September 03, 2016, 01:05:57 PM
we can not calculate the actual number of bitcoin because there is a huge number of people are using bitcoin and i think anyone never know the actual number of bitcoin users.

We can just get a very rough estimate of the bitcoin users. I think we have about 200 active users by the number of transactions.
8926  Alternate cryptocurrencies / Mining (Altcoins) / Re: Ethereum mining still profitable? on: September 03, 2016, 11:28:02 AM
I have been running my eight 480s for like 3.5 weeks now and closing in on 1BTC worth of ETH.
My plan was to go ROI at end of November and it seem like i am going to make it.

I am not going to sell one single ETH this year though, stacking up and paying the electricity out of my own pocket.

Two more 480s arriving today hopefully and they should ROI in December at the latest.

Do you think your 480 can ROI in 3 months? Did you consider the rise of the difficulty. It rises 30% every month.
Yeah i am pretty sure i will reach ROI even if the diff rises alot.
I think that the ETH price will go up from here until we know if it goes POS or more POW.

I hope so. But for the last few months, the Ethereum price did not rise. If the trend continues, it will not be profitable.
8927  Bitcoin / Bitcoin Discussion / Re: actual number of people using Bitcoin? on: August 20, 2016, 03:20:23 PM
I think no one knows about the actual number of bitcoin users and especially in this time when it is the starting ages of bitcoin adoption, it is very hard to find out that how many people are on bitcoin and how many have joined in this year or month.

Yeah, I'd be surprised if anyone could get a good approximation and would like to know the parameters used as reference.
agreed also that no one would know how many active users of bitcoin cause bitcoin is international currency which is anyone is able to use, and time to time there are new users entering in bitcoin and every day the percentage of users is continuous increasing.
bitcoin is really great currency that people use worldwide and in my opinion you are right that we will never know how much people are actually using it, though it isnt a bad thing

You can do a rough calculation. The bitcoin can do on average 3 transaction per second (not 7), so for 24 hours, that is 250,000 per day. If one user does one day, that is 250,000 active users.
8928  Economy / Exchanges / Re: Bitfinex HACKED - funds stolen ! on: August 04, 2016, 09:19:11 AM
If you're stupid enough to keep your coins on an illegal exchange, then you deserve to have your coin's stolen. This was probably a good thing.
I don't think when people who leave 120K on an exchange like bitfinex are stupid and not smarter than any of us. There are always reasons people have money on them, so actively trade or trade against new players who might have been more active on those exchanges. Some do not follow social media or forums religiously and aren't aware of the hacks and scams that have happened in the past.

120 k is a large amount of money. I think they should put the money in a cold wallet so it is not easy to access.
8929  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum to go up or down? on: July 22, 2016, 12:57:38 PM
For the price performance so far after the hard fork, it seems there are new money coming to absorb the dump.
8930  Bitcoin / Bitcoin Discussion / Re: actual number of people using Bitcoin? on: July 07, 2016, 08:00:09 AM
i believe only based on number transactions you identify the  usage of the bitcoin .number of bitcoin accounts , number of bitcoin address and mainly number of transaction will be helpful to estimate usage of bitcoin and so number of bitcoin users.

The number of the users has increased a lot recently. The block sizes are mostly over 990kB for the last few months.
8931  Economy / Speculation / Re: Welcome back $410 on: July 06, 2016, 07:13:10 PM
Welkom back to 410? is the price of the bitcoin dropped that low that cant be true for sure. The price of the bitcoin yesterday standing
on 634 so i think you are way to early becausse i think after this he will rise much that is what i know.

The OP was created in January. At that time, the $410 is a reasonable. Now it should be welcome to $800.

True, wasn't it for the fact that the price is very volatile. Right now it would good to see 700 again. Although I doubt i see it before halving.
The only thing that can do this is either brexit or china.

I'm not sure from where is so many specialists of price prediction, but for me dump even to $400 is still possible.
Don't feel confident, everything can change from hour to hour. Bitcoin is only experiment ..Wink

do you mean the price will go back to $400? I think it is not possible unless the SegWit has some problems.

The SegWit is being tested in the testnet. It has been tested for several months. It could be on the mainent soon.
8932  Bitcoin / Bitcoin Discussion / Re: actual number of people using Bitcoin? on: June 22, 2016, 02:15:54 PM
i think aproximately it ranging from up to 1.5M u its only up to 2M
im not exactly sure about it,its only a guess Wink

I think it is between 200,000 to 500,000 users. We have about 800,000 users account here, but I think we just have about 100,000 unique users.
8933  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum to go up or down? on: June 08, 2016, 11:45:23 AM
The Ethereum price is going up at the moment, even without any good news. What is behind the recent rise?
8934  Alternate cryptocurrencies / Mining (Altcoins) / Re: Ethereum mining still profitable? on: May 27, 2016, 07:08:01 AM
I will build 6x390 with the undervoltage is under clock. That is more efficient that the 6x380, but more expensive.
Yes definitively more efficient but I was looking for info about of 6 x 380 VS 5 X 390.
Was wondering Hash Rate/ Power Supply Sizes etc..

Is it  380 x 6 = 20 x 6= 120 MH/s and 1300 Watt PS
and  390 x 5 = 30 x 5= 150 MH/s  and Huh   Watt PS

Just trying to stay away from building with two power supplies.

If you undervolt the R9 390 to -200 mV, it will consume about 160W at 27 MH/s. So for 6, it is 960W, plus system, it is about 1060W. But you can undervolt less, to say -100 mV, it is 230W at 30.5 MH/s.
8935  Economy / Speculation / Re: Welcome back $410 on: May 20, 2016, 02:09:52 PM
Small the drop in the price of BTC today... Hopefully it's just a temporary drop, and I think the overall trend is going to be bullish for another few months Smiley

Quite big drop of the bitcoin price today. It is almost at the current bottom range. It makes people less confident.
8936  Economy / Speculation / Re: Welcome back $410 on: May 07, 2016, 04:16:35 PM
If the price goes high too fast, there will be big crash after. That happened in 2013 and caused three year bear market.
8937  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum to go up or down? on: April 24, 2016, 06:34:15 PM
Ethereum Developer Vitalik Buterin Sold 25% Of His Coins. So a big chunk of overhang is cleared. The price might rise.
8938  Other / Beginners & Help / Re: How earn 1BTC a year? on: April 01, 2016, 02:47:39 PM
From the signature campaign, it is difficult to earn 1 bitcoin a year or 0.125 bitcoin a month, starting from newbie account.
8939  Bitcoin / Mining speculation / Re: The halving is coming. What's your next move? on: March 09, 2016, 08:30:00 PM
Sell some of my miners, take the "profit" and invest in Bitcoin itself.

I'm not running a huge farm, so I'm more than likely going to cut my losses prior to the Havlening. Won't sell off my miners until a few weeks after the Halving, just to see how much more difficult things get.


I have a feeling in last few weeks pevious gen will take a decent jump down.  Current gen... not sure on it unless something else better comes out.

I would not wait till last minute.  I sold mine a bit back on last gen, and invested in coins.  So far I did much better then I would have mining older gear (I have normal not cheap electricity)

I think the current 14 or 16 nm miners are already out. They are being "tested" by the manufacturers to mine a lot of coins.
8940  Other / Beginners & Help / Re: How earn 1BTC a year? on: February 25, 2016, 11:43:04 AM
earning bitcoin in signature campaign is easier,,, you will earn more than 1 bitcoin in year with  a member rank account, but if you are a full member or above, then you will earn 1 bitcoin in less than a year...  Smiley

The payment for the member account is too low. It is better to buy a full account or higher and will earn more.
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