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Thanks all.
What would you recommend for a ready to run rig around 10k budget?
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Hi,
Can anyone point me into the direction of the latest altcoin mining info?
I did a bit back in 2013 by mining a lot of altcoins through a couple of GPU rigs, doge, meme, main, quark and many more that I can't remember because I lost them all when Cryptsy folded. I had around 2 mil in Dogecoin alone and another 1.4 BTC worth of other alt coins but lost interest when I lost them all.
I am potentially looking to get up a and running again but the landscape looks verrrry different now.
Is it still worth it or is the difficultly too high?
Is mining low value coins still going on or are most resources now directed at the established GPU mined coins, albeit at much higher difficulty?
Any new coins on the horizon that may be worth a punt?
Much appreciated
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Hi, I swept the private key into electrum for the BTC and created wallets on coinomi to sweep the forks. BCH and BCG worked but not BSV. |
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Is that because once redeemed the private key becomes public and anyone can then use it?
Your private key will always remain private unless you leak it by mistake. It doesn't matter if you used it create a signature (create a transaction and spend your coins). If your address doesn't show any forkcoin balance it is most probably because you spent your bitcoin before any of those forks took place. For example BCH fork was on height 478558 (2017-08-01) and you would only get BCH if you had spent your bitcoin in block 478559+. Subsequently if you didn't have BCH you can't have BSV either. I managed to recover the BCH and have them in a wallet. I no longer have the BTC so that is the problem? |
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The amount that you have depends on the amount of coins that you have at the point of fork. When did you move your Bitcoin Cash?
BSV was forked on 15/11/18 at the block height of 556766 from Bitcoin Cash. Did you move your Bitcoin Cash before that?
Hi, I redeemed a coin in 2018 and one more recently (a few weeks ago). |
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Hi,
I redeemed a 1 BTC Casascius coin a few years ago for BTC, BCH and BTG. However, I understand there are other forks that I missed out on such as BSV etc. When I try to use the private key there are no funds available for these other forks.
Is that because once redeemed the private key becomes public and anyone can then use it?
Is there anyway to recover lost forked coins from redeemed Casascius coins?
Much appreciated.
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The biggest crash in the history of BTC has been occurred from 2 days ago till now. It' all over now. If you don't buy after reading this post you will cry soon.
You must be new to Bitcoin because that is not even close. 2013 witnessed a crash of almost 90%, from $2,000 down to almost $200. The current price would need to fall past $2,000 from a high of $20,000 to exceed the last crash but that is never going to happen. It is too strong now even for the whale investors, institutional manipulators and pump and dump brigade. |
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but for a new player in the crypto world, like me, would be very worried about this. then how do you think about the price of btc the next few months, is it going down or vice versa?
Thanks
I purchased my first bitcoin at $55 and then a few more at near $200 only to witness the first bitcoin crash as it dropped back to $50. A few weeks later I was buying at $1500 only to witness the second bitcoin crash as it sunk below $200. Fortunately I held, although most of these were later stolen but that is a different story. I very rarely checked the price. Just forgot about them really as they were always procured as a LONG TERM investment. Couple of years later it recovers and 2 years after that it exceeds $10,000. It is a very simple principle: Bitcoin is a VERY HIGH risk, VERY HIGH reward investment with the potential to hit $100,000 or more. This WILL NOT happen overnight and requires a long term holding plan. |
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Be grateful you have a crypto holding and spare a thought or two for those that have lost theirs due to greed, fraud, theft etc. I had around $200,000 of BTC stolen from my wallet and over $40,000 of alt coins stolen from Cryptsy exchange. Fortunately I had a few Casascius coins kept by but many were not so fortunate.
Although bitcoin has transformed the lives of many for the better it has also destroyed many lives and bought out the crooks looking for a quick buck.
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It is worth noting that bitcoin has and is continuing to go through significant black PR the past few weeks. Media are tearing it apart, pyramid scheme, well know money moguls slamming it etc. Bad new after bad news, yet the price has held well considering. That is actually a bullish sign. A blue chip stock would have thoroughly tanked with a similar onslaught of setbacks and crappy news. Guys, I feel most of you are overconfident of the matter. Remember, the law of markets holds good for Crypto world too and unless the bear market falls, the bull is never gonna take on. And to see what will call in a bull market in Crypto, its the confidence and trust among large players, institutional support and a steady stakeholders. I hope in any one quadrant things should turn positive in the near future to keep the stakes high. I only wish that will happen!
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Crypto price is heavily driven by news and now large trading institutions that have the ability to manipulate price with high frequency buy/sell/cancel orders. This is normal.
Seriously, crypto is not for you if:
1. you are looking for short term gains and need to get your investment back in the short term
2. you are checking the price every 5 minutes
3. you cannot afford to lose your investment.
Many will panic sell. This is also normal and will have minimal impact on the price compared to major investment sell-offs, which is unlikely, except to leverage an even better price. Others will be using this opportunity to buy.
There are only 2 legitimate threats to crypto:
1. Widespread government/bank regulation or prohibition
2. Big players and powers that be manipulating price like they have done with gold and silver for the last decade.
The #2 in legitimate threats is already real, and it is also coming from its competition via fuckheads at bitcoin cash. Yes, I am seeing that too. |
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To add:
World investors have been searching for an investment that has zero potential for manipulation from oversupply. Bitcoin is it. Bitcoin is fixed at 21M, hence it can never be devalued from oversupply like fiat or commodities. Gold is somewhat limited but not to the same degree and hopefully not with the same level of price manipulation.
Ideally, over time its limited supply will provide a stable platform for intrinsic value that other currencies measure up against.
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This is not exactly accurate. Only short term and day traders watch pricing this way. Medium to long term traders don't do this. They may have price stop losses and price warning triggers but that is it. In my opinion crypto is really a long term investment. You need big cahoons to day trade Bitcoin. I certainly couldn't. Well, you are quite right regarding that the bitcoin price is not stable and is not for people who are looking forward to short-term investments but at the same time, it is never wrong to check to bitcoin price like every five minutes if you nothing to do so. Why? Because it can grow anytime, any minutes, seconds or hours and besides it is more likely investing in stock market you have to check the value everytime you are free.
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Not really. It is a set back for South Koreans and the Chinese but that is it. They are dictator run countries and Bitcoin won't collapse as a result.
We only need to worry if countries with elected governments clamp down hard.
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Exactly, the big players are in it to make money and I very much doubt the Vinklevoss twins are shaking in their size 14's.
The only time I would sell the majority of my stake is if non-communist countries started banning Bitcoin en masse but I can't see that happening. Besides, elected governments are recognising the capital gains tax it brings.
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Crypto price is heavily driven by news and now large trading institutions that have the ability to manipulate price with high frequency buy/sell/cancel orders. This is normal.
Seriously, crypto is not for you if:
1. you are looking for short term gains and need to get your investment back in the short term
2. you are checking the price every 5 minutes
3. you cannot afford to lose your investment.
Many will panic sell. This is also normal and will have minimal impact on the price compared to major investment sell-offs, which is unlikely, except to leverage an even better price. Others will be using this opportunity to buy.
There are only 2 legitimate threats to crypto:
1. Widespread government/bank regulation or prohibition
2. Big players and powers that be manipulating price like they have done with gold and silver for the last decade.
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Thanks. Still swipe the BTC into Electrum first or is it safe to redeem BTC, BCH and BCG into a single coinomi wallet?
I wouldn't trust them for my bitcoins even If no losses has been reported yet. It's not open source so It shouldn't be trusted that much. I suggest sending BTCs to Electrum first. Thanks |
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Thanks. Still swipe the BTC into Electrum first or is it safe to redeem BTC, BCH and BCG into a single coinomi wallet?
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