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Mining is no longer profitable unless you have a high budget and can get hold of new tech when it is released and sell it just before the difficulty rises its a very risky market but can pay off in the 1000+
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I don't its worth getting a miner unless you just want help Bitcoin out by mining it and potentially making the rest of Bitcoin more valuable but I don't think there is much profit in mining no more.
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Can some one guide me through the escrow process every little detail please what the buyer/seller needs to do and what the escrow supplier does too.
I'm going to be needing a escrow for trading and I would like to know all the steps in order to achieve a successful trade and know that nothing can go wrong can someone please list steps which each person does?
Say you are buying an ASIC from a seller, and ask Ella to provide escrow. 1. You contact the seller and make a deal. 2. Both you and the seller confirm the trade details with Ella. 3. You send bitcoin to Ella's address. Ella then tells the seller to ship the ASIC to you. 4. You receive the product. You then tell Ella you are happy with the product, and Ella releases the bitcoin to Amy. What's the deal with PGP keys involved with escrow what does that prove? If the seller is claiming I have recieved my ASIC how would I prove to the escrow holder that I have not recieved it? |
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I had problems signing up to maybe you should look at the code again and see if its storing the data in the database?
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Look how popular this coin has become because of the name flappy in it and because of the recent sucess of the ios app flappybirds very unique concept develop good job.
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I hope you are doing a peaceful project and not cause a riot as that would look bad for the Bitcoin communicty and make Bitcoin look very bad in the news.
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Can some one guide me through the escrow process every little detail please what the buyer/seller needs to do and what the escrow supplier does too.
I'm going to be needing a escrow for trading and I would like to know all the steps in order to achieve a successful trade and know that nothing can go wrong can someone please list steps which each person does?
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I would follow the post John k made in the meta section as that is the post he will probably reply to when he returns.
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there are so many ponzi schemes opening recently just to scam in the long run its hard to understand why.
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I hope that the new forum will not be to complicated otherwise it would just be a waste it be usee friendly otherwise no matter how much fancy features it will be hard to navigate and extremely annoying.
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AGAIN! NSFW TAG. Fuck, some people have jobs that they view a forum at, don't need someone getting reprimanded because your stupid ass never put a 4 letter tag.
Why is this even here? what are you talking about? the person was suggesting adding the tag to the title to tell people its not safe for work. |
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check the digital goods sub-forum it is packed with people selling games and also advertising their sites which sell games.
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I don't think its a auction its in the digital goods sub-forum I am interested in this domain how much are you looking for in Bitcoin?
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Look up Rpietila. He is investing in a Castle in Estonia to serve as a Bitcoin "resort" of sorts. Or perhaps more of a meeting place for Bitcoiners to meet and discuss Bitcoin related business. I personally don't have enough funds to even think about that right now. If BTC does well this year the family has already voted for a trip to Disneyworld. We will see how that goes.  If BTC gets to $5000 by Summer than I think the trip will happen for sure. Also, I am planning on a mission trip to India in the Fall so my calendar is pretty full as of now. I hear there is a pretty cool Bitcoin Conference coming up in Dubai though! Didn't you post about that? Travelling and staying in dubai would cost a fortune so a lot of us will miss out on the great conference which is a bit sad. |
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If Bitcoin is not backed by anything what determines the value? I know it's a question which been asked a much now but none of the answers have been clear enough for I to understand.
Before I answer your question, please take a moment to think about your answer to this question: If gold is not backed by anything, what determines the value? Now that you've taken some time and thought about that... The "price" of a bitcoin is exactly what someone somewhere is willing to pay for it, and someone else is willing to sell it for.
MtGox Bitcoin currency exchanges provides a place for people who want to buy bitcoins and people who want to sell bitcoins to find each other.
Example:
Albert has 100 BTC. He needs to pay his electric bill and the electric company doesn't accept bitcoin as payment. He decides to convert some of his bitcoin to USD. Albert logs on to MtGox an exchange and creates a limit order offering to sell 10 of his bitcoin for $33.45 each. He is not willing to sell the bitcoin for less than $33.45 because at any price less than that he'd rather just hold on to the bitcoin and pay his electric bill with other funds.
Bobby only has a two bitcoin that he purchased at $32.50 each. He decides that he doesn't really want bitcoin anymore, but he doesn't want to take loss. He logs on to MtGox the exchange and creates a limit order offering to sell his two bitcoin for $32.55 each.
Carl has just received his paycheck. After paying his expenses he has $200 left over. He decides to purchase bitcoin with this money. He feels like the exchange rate might drop a bit and so to get them as cheap as possible, he transfers his money to MtGox the exchange and creates a limit order to purchase 6.25 BTC at $32 each.
David just received an inheritance of $10,000. He decides he'd like to hold the entire balance as bitcoin. He has seen the exchange rate varying between $31.50 and $33.50 lately, and hopes he can get the entire balance at $31.50. He creates a limit order at MtGox the exchange for 317.460317 BTC at $31.50 each.
Earl is in a hurry. He just wants to buy something from SilkRoad TigerDirect right now, and he'll take whatever the current exchange rate is. He needs $60 worth of bitcoin. He transfers his $60 to MtGox the exchange and places a market order for $60 worth of bitcoin. MtGox The exchange sees that the cheapest offer to sell bitcoin at their site at the moment is Bobby's offer of 2 bitcoin at $32.55 each. MtGox The exchange transfers the $60 from Earl to Bobby and at the same time transfers 1.84331797 bitcoin from Bobby to Earl.
At this hypothetical moment the current bitcoin price is therefore $32.55, since that is the most recent exchange that has occurred.
Earl now has 1.84331797 BTC
Bobby now has $60 and 0.15668203 BTC still available for someone else to purchase from him at an exchange rate of $32.55 per bitcoin.
Now Albert suddenly realizes that he doesn't have enough other funds for his bill. He needs $334.50 right away to pay the bill, and needs to sell the bitcoin quickly to get the necessary money. Albert cancels his limit order and places a market order to sell $334.50 worth of bitcoin. MtGox The exchange sees that the most expensive offer to buy bitcoin at their site at the moment is Carl's offer of 6.25 bitcoin at $32 each. MtGox The exchange transfers $200 from Carl to Albert, and 6.25 bitcoin from Albert to Carl. Since Albert still needs another $134.50 worth of bitcoin to fulfill his order, MtGox the exchange sees that the next highest offer is David's offer of 317.460317 BTC at $31.50 each. MtGox The exchange transfers 4.26984127 BTC from Albert to David, and $134.50 from David to Albert.
At this hypothetical moment the current bitcoin price is therefore $31.50, since that is the most recent exchange that has occurred.
Albert now has the $334.50 that he needs, and still has 89.4801587 BTC remaining.
Carl has picked up the 6.25 bitcoin that he wanted, spending the $200 that he wanted to spend.
David has purchased 4.26984127 for $134.50, and still has a limit order out there waiting to be filled for another 313.190467 bitcoin at $31.50 each.
You'll notice that there are actually many "prices" for bitcoin. There is the most recent exchange price as well as the price that each individual is willing to buy or sell their bitcoin for. Some of the more often quoted prices are the "current Ask", "current Bid" and "most recent exchange".
Prior to Earl coming along, the "Current Ask" was Bobby's $32.55 that he is asking to sell his bitcoin (the lowest price anyone is willing to sell for at that time).
The "Current Bid" was Carl's $32 bid to purchase bitcoin from anyone willing to sell that cheap (the highest anyone is willing to pay to buy at that time).
Great explanation again from you thank you very much I was wondering if there was any other factors than just supply of demand thanks for that great explanation. |
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What? Bitcoin has been used in many different shops from large names to local shops Bitcoin is not failing one bit.
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What does those companies have a link to with a quote from the simpsons movie?
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Starting posts: 1022
Bitcoin address: 14EveAw2kStnLA14uYVFRaak4VtBttwun9
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I can't find my post where I signed up my search is not functioning correctly anyone able to help me out? I need to write down the post url next time.
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Some people do this to add public notes to advertise their business they normally don't have any fees though which be a problem.
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