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You bought the contract right! initially you may find the cloud mining seems profitable but soon they will charge for maintaining your account and some cloudmining platform may block your account. Still looking to connect the profitable pool nanopool or antpool. I see the image link you are shared here but this is not a profitable amount for the amount you invested. Please understand and turns to GPU rig mining. with the 5 cards you will be able to make around 350 USD for a month. i agree. cloud mining is sometimes too good to be true at the start. then, later on, you will see the true color of that cloud mining site as most sites do. but, it's his money. so good luck! Thanks, i invested ~$260 into btc mining and by the end of the year i should have 500 usd worth of bitcoin (what it's worth now) by the end of the year surely the price will be worth much more. How is it not profitable with the amount i've invested? Why does it even matter how much you invest? The ratio appears to be the same. I was aware of the maintenance fee for btc. I thought that was the only fee? And i did a lot of research everyone said only nice thing about cloud mining idk why now all the sudden everyone says its not that great...-.- |
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same thing i came on forums today in hoping to learn. Hashflare is the last cloud miner that is trusted and isn't out of stock. the fact that all other cloud mines are out of stocks goes to show that yes it is profitable but I have many questions; my biggest one being: after the next 6 month mark won't the difficulty get 2x'd and then the cloud mine can't support its 365 contract deal? <--- my biggest concern.
also: Is it even worth investing anything over 2k into a cloud mine? can't i just buy a sh-258 whatever it is..lol i'm a noob. Somebody show me the ropes
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I bought an ethereum instantly earlier today
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They have bitcoin cash to solve all these problems. I believe bitcoin will be used for large transactions that involve lots of security. for ex. buying a home, car, land, plane, building etc. and bitcoin cash can be used for smaller online purchases and things like that. I do think there needs to be a crypto currency for every day grocery shopping and things like that if we really expect to see the world solely use crypto. just my theory but what do i know
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with ethereum at 800 on coinbase i don't see any reason to not buy
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a real veteran knows this is just another minor dump, nothing compared to its exponential gains in the near future. maybe it will crash more but there is way too much support at 10k it will not break i don't think.
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Yes it is. Buying bitcoins at cheap prices doesn't come every days. Look at graph below  It turns out in each year Bitcoin had similar experience decline in early month January-Feb, the price will recovery in Feb-March and increasing up to Oct-Nov. WOW that is spectacular to look at. what exchange did you use to look at 2k15 2k16 graphs like that individually? |
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I suppose we will see another dip on the new year events. Lucky this not a crash just a normal dip as peoples going to take profits and enjoys for their holidays with family.
Nothing to worry or fear
here we are bud This one feels different though, i think this one will last much longer than the december recession. I really do think bitcoin will go significantly go under 9k, if it does you best believe i'm buyin |
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i don't know how much u make how much u have saved what ur risk management is but i can tell you that if you hold and btc goes down to 7k it will definitely make a bounce back from there to 11k-12k again...meaning you will have another opportunity to sell at this price surely. If you hold and price goes back to normal and then some, you make money. before 2k19, do you really think btc won't hit 15k again?
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I would say it depends on how you look at it.
How long are you willing to leave it in? are you comfortable knowing your money is worth half of what it should be for a couple months? btc could crash to 7-8k tomorrow (doubtful) but anything is possible. In the long run surely bitcoin will surpass 30k without a doubt by the end of the year.
Who can guarantee this? nobody.
but based on the fundamentals 99% sure crypto will take over the world very quickly
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do you guys have a contract address so i can deposit your tokens to myetherwallet? i do NOT want to keep them on mercatox (pos exchange lol)
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A fork is a change to the network's protocol rules. Anyone can do it, as long as they are able to change the code in the client.
There are two kinds of fork:
Soft Fork- Backwards compatible. You don't have to upgrade to use it.
Hard Fork- Non-Backwards compatible. Older clients will not recognize your rules and they will not see your newly generated blocks as valid and thus diverge from the majority chain.
Backwards compatible? non-backwards compatible? |
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What bitcoin has done in the past has proven that it is a legitimate place to hold and build wealth (I always like to think of it as gold). the market is ranging between .5-.8 trillion. Experts all have no doubt it will reach 5 trillion, and a lot of experts even say that it could and maybe even will be worth 1 million dollars one day. So for the purpose of this topic, lets just assume all this is true and here we are 2 years later and bitcoin is lets say 100k. Everyone is freaking out because they fear the value of the dollar and other paper currencies will go down. So there has to be a point in this transformation of worldly currency, that the value of bitcoin begins to overall outweigh the dollar in a way that its not worth holding anymore and should be invested into assets because from then on out holding bitcoin would have the value of a lot of dollars but because of that the dollar wouldn't be worth anything...so then at that point what would the bitcoin value even be based upon? Do you guys think that (assuming everything i say becomes a reality) that it would get to a point where you'd be better off investing your bitcoins into assets because it has no more room to grow since the US dollar (and other paper currencies) at this point has become almost irrelevant? Just a thought i had today and i thought it was interesting and that i'd share with you guys. P.S. is there anywhere i can change my user? lol  |
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Burt, you are the man! thanks for clearing that up  Now you mentioned that the deterministic wallet doesn't have to keep track of every transaction like core does, are you referring to the blockchain? If so, would that mean that all deterministic wallets use 3rd party blockchain service? and if so, isn't that something i should avoid? thanks Deterministic wallet balance and transaction history reconstruction: Reconstruct the sequence of public/private key pairs from the seed and look them up on the blockchain Core (and other) wallet balance and transaction history reconstruction: Iterate over the list of public/private key pairs kept in the wallet.dat file and look them up on the blockchain In all wallets the balance and history of your wallet is kept on the blockchain and your wallet needs access to the blockchain in order to work. Thanks Burt, appreciate it. Gonna get myself a Deterministic wallet!  |
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For maximum security, maximum privacy and maximum long term fungibility of the Bitcoin system every Bitcoin address should be used exactly twice: once when the address gets funded from another address or addresses and the second time when all the coins at that address get spent.
A good deterministic wallet does just that automatically. Every time you want to make a new deposit into your wallet the wallet will give you a new Bitcoin address. Every time you spend money from your wallet the wallet will automatically select one or more of your currently funded addresses to make up the amount you want to send. Any change due back to your wallet will go to a brand new address.
Do not worry about the inner workings so much. It is this use of each address only once that we want. Could other wallets be used that do this same thing? Could you ensure that you use other wallets in this way? Sure. But with a good deterministic wallet this is the default behavior.
With a deterministic wallet you need to only keep track of one thing: The 24 code words that encode the initial seed to the system. That is it. You keep those 24 words safe and private and you are good to go. No other backups are ever necessary. You do not need to remember to backup your wallet periodically, you do not have to worry about loss or destruction of the media used to back up the wallet (USB stick as an example). Also you do not have to worry that when you go to read back your USB stick it has become unreadable because of electron migration over time.
24 words, redundantly stored in safe private places. Done.
From these 24 words you can not only recover your current balance and your currently funded Bitcoin addresses but the entire history of all Bitcoin transactions ever made into and out of the wallet from the first funding transaction to the last. This, opposed to a non deterministic wallet that grows over time as you use it since it has to remember every address ever used in order to reconstruct your transaction history. A data file that grows larger over time and you have to remember to back up versus backing up the seed and keeping it VERY safe.
Burt, you are the man! thanks for clearing that up Now you mentioned that the deterministic wallet doesn't have to keep track of every transaction like core does, are you referring to the blockchain? If so, would that mean that all deterministic wallets use 3rd party blockchain service? and if so, isn't that something i should avoid? thanks |
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Hello BTC forums, So the biggest quality bitcoin has which serves as an advantage to all the other currencies, is the ability to stay anonymous. Now after reading an article about anonymity (Link here: https://bitcoin.org/en/protect-your-privacy) I came to realize that I exposed my identity, by using circle to deposit directly from my bank account to bitcoin...I wasn't thinking. This was my first bitcoin transaction EVER, I am new to bitcoin but have done plenty of research. So my question is, d id I just kill my anonymity for good by making that small mistake? Or will my anonymity rejuvenate once I spend all the BTC from that transaction? (since my compromised address is attached to it) In the future, if I make transaction from the same bitcoin wallet not associated to the same BTC that I received from my bank, will those transactions be anonymous? Or will it be possibly linked back to me somehow... Thanks guys! #FirstPostBtw Since bitcoin is only pseudo-anonymous ( http://www.bitcoinisnotanonymous.com/), whenever a single address of yours is linked with your real identity, all future and transactions involving this address can be be linked to you. Blockchain does not forget its past, unfortunately. You can try to break this link by mixing or moving the bitcoins into anon altocoin, and than back to your new bitcoin address. gosh all this stuff is so confusing, forgive me for asking the same questions but i need to clarify; Let's say I mix my bitcoins and receive them to a new address using the same core wallet, from there on out i'll be anonymous? assuming I don't make anymore mistakes after that? |
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I suggest you get a deterministic wallet for many reasons: your privacy, ease of backup and long term fungibility of the Bitcoin system. I use the Trezor wallet but with a little research you can find other deterministic wallets.
Deterministic wallets never reuse the same Bitcoin address.
Now about your other coins. Just send them to a trading account somewhere (Bitfinex, localbitcoins, any account will do) then wait a while, say a few days, then transfer your balance back to your brand new Trezor or other deterministic wallet. You will not get your same coins back from the exchange. When you deposit them they go into their big accounts for trading, when you transfer your balance out you will get different coins.
Or to more instantly exchange your current coins for new ones use bitmixer.io.
Get your deterministic wallet all set up and then send your BTC to bitmixer.io and for a fee they send you back new coins to your new wallet.
From then on always make deposits to your wallet onto the next address given to you by the wallet (the next one in the sequence). Do this every time.
That is a good start.
Hello, thanks for the reply. I've done a bit of research on deterministic wallets and I understand they are more secure because of the master key, and can't be spent by a hacker, also recoverable in case of a virus on your computer. However, aren't all of these potential problems easily avoided by backing up an encrypted version of a bitcoin core wallet on a USB? Also I don't understand the hierarchical aspect at all, i'll read up on that more in order to have a better understanding. Biggest thing that i'm concerned about, why is a deterministic wallet more private than just a regular bitcoin core wallet? I can't find anything about that on the internet. Thanks! |
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