Question popped up in my head today... Figured no better place to ask.

Crypto (well, mostly. I don't like company owned and/or closed source currencies like zcash, ripple etc) is decentralized and is mined just about everywhere. Looking at btc for example, there is no company/ceo owning it and it can be mined anywhere in the world (albeit with specialized equipment, but that's another discussion lol). Mostly is China I believe. About %80-85. Now if Chinese govt said (and they could) no more bitcoin mining. If we see anyone, it's immediate prison if you're even involved in it.

China drops from 85 majority to %5... The other countries can't pick up the slack.

What happens? Let's not talk about the price of btc dropping. I'm talking more about hashrate etc. Will the algorhythm get easier so others can mine more efficiently to keep up with demand of handling transactions? It's not like it'll get so easy that we can start mining with our computers right?

Just trying to get a handle on it, so I understand... I guess my question simply is. Is BTC mining scaling? I believe it does scale. but will it ever scale so far back (if it needs to) that if regular desktops need to mine, they can? What if 95% of all miners using ASIC just quit now?

Thanks guys! please feel free to fill my curiosity!

Hey guys,

I believe I already know the answer, but I want to make sure...

Should I pull my money from the exchanges (bittrex and Binance) and put it in my cold wallet for the fork to make sure I get the b2x coins?

It's currently on profit trailer's bot mercy, but I will sell them and convert to BTC if I must.

Thanks

Hey guys,

I have a Ledger Nano S, and I recently downloaded the app sentinel and bitcoin balance apps from the android play store...

I got sentinel to show my BTC wallet balance which is awesome...

However, I can't figure out how to get my LTC and ETH wallet balances...

I tried bitcoin balance app and that one I think only accepts legacy addresses.

I actually got one of my LTC balances to show up there (I can't remember what adress I used fom the ledger app) but the external wallet address thing (XBC I think it was called?) is not giving me my balance...

so long story short, is there a way (an app or something) that you know of which will show me my balances in my ledger?

I love sentinel app, but it's unfortunetly only btc, and dev will not be doing a ltc/eth version anytime soon.


Thanks!

Hey everyone,

I'm curious the discrepency I'm having on coinwarz vs whattomine... I entered my h/s for lyra2rev2 and equihash...

one says I need to be mining Bitcoin Gold and the other says to mine vertcoin... same rates entered. looks like different exchanges, but still...

any idea how I can pick what to mine?

ps. I'll be using 1x GTX 970

I started off with nanopool's zcash, but then realized I could make slightly more if I go VTC or BTG...

https://s17.postimg.org/scw6ep79r/coinwarz.png <---- Coinwarz screenshot
https://s17.postimg.org/97sx4y0bj/whattomine.png <---- whattomine screenshot

Hey guys,

Now sure if nanopool has their own forum (couldn't find it) but I'm a bit confused as to what's going on with my nanopool mining monero.

After the whole nicehash ordeal and losing like 70 bucks, I looked into some alts and came up with nanopool. The whole mining thing is still confusing to me, but I got zcash up and running and bringing in little bit of money.

I'm also trying to get the CPU running for monero (cryptonight) and I got it running. I'm hashing about 131 or so with my i5-2500k OC'd...

I do see the shares being found etc and it's running good... However when I look at my stats on nanopool, it's showing me offline with sporadic share dumps. zcash doesn't do this. It shows me online chugging away...

any ideas why? Mind you I only started both of these few hours ago, with monero being about an hour old...

I would assume everything is setup correctly, because I am getting the small payouts and stuff, so there is a successful connection...

Can someone tell me what's going on, or point me in the right direction? Thanks!

here is the link. now it's showing me online, but keeps going offline...

https://xmr.nanopool.org/account/44tLjmXrQNrWJ5NBsEj2R77ZBEgDa3fEe9GLpSf2FRmhexPvfYDUAB7EXX1Hdb3aMQ9FLqdJ56yaAhiXoRsceGJCRS3Jxkn.4335cd7685641a163f005afe665f88475b87063bdb8a507240d76fdbb3c2b6f8

Hey guys...

Curious if this would work. I would assume so, but I'm not sure...

Let's say I create a wallet on mycelium, I get my private key and then my 12 word passphrase.

Later I decide I want to use exodus, or trezor, or whatever...

Can I click restore, use the passphrase I have from mycelium, and restore my private key to exodus? (or another wallet).

or are the passphrases proprietary to each software?

Thanks!

Hey guys,

I want to get a cold wallet for funds storage, but I'm having a tough time picking between the two...

I've taken keepkey out of my runner ups because of cost, and the fact that it's not as established as the other two.

I like ledger for it's size, price and form/function.

I like trezor because it is established, and I "believe" it has some cool functions like you can choose transaction speed/price and gives you an estimate etc. I don't think ledger has that. It's also easier to update firmwares and etc.... it's also 100 vs 60 bucks...

So I'm at a loss here. I haven't pulled the trigger, because simply... I can't decide which I want to go with lol...

let me know what you think?

I like the fact that some of these connect with other software for ease of use. I believe both will hook upto exodus? or mycelium to send funds?

Couldn't think of a short title to explain what I mean lol...

Recently got into bitcoin investing... Should have done it 5 years ago when I looked into it. Oh well... anyways... lol

I do stock investing with Robinhood. If anyone knows or uses it, with their gold membership, they give you a courtesy instant funds transfer upto 1K (or maybe 2K, I can't remember). So when I see a stock worth getting into, I go into Robinhood, initiate a transfer from my bank account and immediately I have about a 1,000 to invest with. Sometimes these things are so dynamic, I see an opportunity an hour (or minutes) before I decide to buy the stock. There is no fee taken out btw for the instant funds transfer (again, it's based on good faith that the bank account has the money and the transfer will complete)

I started using Gdax recently and figured I start off with about 100 dollars to invest with just so I can understand the dynamics of crypto exchange and I don't do forex or anything.

It took me 4 days to get the 100 dollars... during that time the bitcoin dropped from like 7500 to 5300ish and I could no nothing but watch this crazy drop as I waited for my money to come in... So I missed out on that 

So my question is, what do you guys do? Have some USD waiting in an exchange just ready to purchase some stuff? Do you use coinbase and do the debit transfer and eat the 5% fee they charge? Is there some instant funds exchange like robinhood that I don't know about?

Would love to know what you guys do. I think this is exciting, but I want to make sure I'm taking all the benefits from things I may not yet know.

Thanks!

Hello,

Very new to cryptocurrency... I wish I got in on this game in around 2012 when I first looked into it. I'd be much richer than I am now... Oh well, better start now than later.

I had a question regarding transfer fees. I noticed the transfer fees are very high with bitcoin. I understand the fundementals of it, and grasp the basic idea. Unlike a bank that might charge you 10 dollars to send 100 dollars, bitcoin checks to see if you have 100x1 dollar bills, or 1x100 dollar bill (size of data being transferred for hashing?) Well I noticed with bitcoin, these fees can be very high... It really makes bitcoin inefficient for everday currency (imagine giving your friend 20 dollars via bitcoin... you might pay fees half as much).

So I'm here to understand how to make the transfer fees more efficient. Is that even possible?

Thanks!