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Would you consider STORJ as an optional decentralized storage system as well. They offer 25GB free storage every month for a whole year.
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OK, have been mining for over a day now and it says "1000 Biblepay / 2 rounds" near the bottom of my wallet. But there is zero pending.  This must be ur first time mining ^^""" Not neceddarily. Some wallets don't show this information. Only wallets like DASH show this. Probably he mined without using this kind of wallets. |
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Do you see a abrupt drop of the mempool size today? from 55M bytes all of sudden dropped to 8M bytes. I never any thing like that. what could possibly happened?
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What you think of recent sudden increase of bitcoin transactions? I sent a bitcoin transaction 12 hours ago and spent almost 1$ on the fee, it still not confirmed yet.
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It's so common nowdays every coin claim that it is the future of cryptocurrency world, yet after looking into the details they don't have any special uniques separate them from the other 1000+ altcoins.
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I was wondering this for a while but what-if Satoshi sold all his BTC already somehow under the table.
I mean its very possible for him to sell each mined block just by giving the buyer the private key associated with the account. Of course there is a certain degree of risk here but I guess if you got 1 million coins then why steal 50 from someone.
Would it be possible for Satoshi to create some transaction that would make his coins be sent to the buyer at a specific time in the future, using that time-lock function?
How about if Satoshi just created a signed raw transaction and just sold that transaction to the buyer and told them not to broadcast until a specific time.
Anyone got any other conspiriacy theories?
lol, what if sotashi lost all his private keys and feel shameful about himself and thus don't want to face every one and hide himself from reality. lol. just joking... |
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I kind of see the decentralized everything coming in the next decade. decentralized payment system, decentralized stcok exchange market, decentralized voting system, decentralized governance
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The hashrate is increase exponentially and certainly unsustainable. What will happen if one day, the hashrate is so high, no miners would profit from mining it?
difficulty adjustments Do you think the bitcoin hashrate will decrease at some point? Historically, it's been increasing all the time? When do you think it will happen? That's not completely true... The hashrate has had drops in the past... In this case the diff was adjusted downwards. To answer your question: for most miners, if they cannot make a profit, they'll shut down their gear... Hashrate drops, diff drops at the next adjustment, the leftover miners can mine at a lower diff (making more profit)... I kind of see a miner monopoly coming in the future. Any miners with high electricity bill will be out of market and small business miners will be out of market due to higher cost and may lead to one or several miners monopoly in the future. |
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The hashrate is increase exponentially and certainly unsustainable. What will happen if one day, the hashrate is so high, no miners would profit from mining it?
difficulty adjustments Do you think the bitcoin hashrate will decrease at some point? Historically, it's been increasing all the time? When do you think it will happen? |
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The hashrate is increase exponentially and certainly unsustainable. What will happen if one day, the hashrate is so high, no miners would profit from mining it?
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one day, it would cost more electricity to mine. so there is no profit at all for any miners in the world. the price would drop, it would cause FUD and bitcoin will die
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After more than a week of staking, I finnaly found a stake. But it was only 0,90 onions?
Isn't it supposed to be 10% of your wallet that you get?
It is 10% for a full year if I understood that correctly. So you only get a small share of that. For the 10% you ll have to let it run for the whole year. So how would that 10% interest distributed to our wallet? Do I need to open the wallet and let it run in order to get that 10%. Or I can just open it after one year and magically that 10% will be added to my wallet? lol |
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it reached 0.03 now  did you mean 0.003 it's really normal for markets to going up and down Yeah, I meant 0.003. These days it seems all altcoin market goes down. btc become the only one rising. lol. Can't expect btc to stand out of this mess lol. |
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It's very interesting project. Can you provide more information?
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what's the best machine to mine this coin? cpu? gpu? any specific ASIC you can recommend please?
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Dear members, I was recently asked the following question on the Russian Thread: where does the info about '110 BTC Owners dying every day' come from? Here is simple arithmetic: Data about the amount of cryptocurrencies' owners from University of Cambridge research paper: "The current number of unique active users of crypocurrency wallets is estimated to be between 2.9 million and 5.8 million." (1). The research was published in May, so it is reasonable to assume that today the amount of users is closer to 5 million, rather than 3 million. Data about the amount of daily deaths: 151,600 people die every day (2) The ratio of people using cryptocurrency in the world: 5 million / 7000 billion = 0.0007 Multiply the amount of daily deaths and the ratio of people using crypto: 0.0007 * 151,600 = 106.12 Thus, approximately 110 BTC owners die everyday. Sources: 1) https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/alternative-finance/downloads/2017-global-cryptocurrency-benchmarking-study.pdf2) http://www.ecology.com/birth-death-rates/Thanks for sharing about this. It looks like the will business will be a real and big business as crypto getting more and more popular. Maybe in the future, every one needs to have a crypto will. |
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I just ordered a quad processor, quad core xeon server (4 CPU, 2.9ghz speed with 4 cores per proc), so I can do some heavy duty algorithm testing on our PoBh algorithm.
Btw, for the person who had the xeon earlier, could you please share the specs with us? Model, proc count, core count, ram, disk drive type?
Thanks.
Im thinking in the future, we finely tune the algorithm to benefit full nodes based on work done by the node for biblepay, and watts consumed, but we will have a discussion as we go.
I have a quad core xeon E3-3225 v5. It was from dell.com. It has 8GB memory and 8GB swap. 1TB harddrive I installed linux on it. It performs quite smooth for every thing. |
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solo is more difficult but you get more out of the blocks - 20k-ish currently
mining is less difficult, but you get less, coin dependent, but usually just very frequent portions of a block; and you have additional fees such as withdraw, pool, auto-payout fees...usually.
both of them have pros and cons. But in the long term, do you expect to get the same amount of blocks? Let's say in one year. |
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can anyone walk me through the advantages of mining at a pool. Isn't the profit of solo mining and pool mining the same in a long term?
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It seems now its' hard enough for solo mining. I used to get one or two blocks every day using my i7 4 cores and 8 threads computers. Now two days passed and not a single one block.
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