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Assuming Satoshi Nakamoto is indeed a group of individuals I really suspect one of those would probably be none other than the genius Hal Finney (may he rest in peace).
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Effectively you can mine without being connected to the internet, at least solo-mine. Pool mining to a certain extent as well. But as soon as a new block is being found, your machine needs to receive that block (or new work when mining in a pool) so it can mine for a possible next block.
Without the ability to broadcast your 'locally' processed Proofs of work to the rest of the network this would make very little sense indeed. Sure, you could essentially mine every single coin you want running in local mode but if those found blocks aren't broadcast to the rest of the coin network whether it be bitcoin, dogecoin or whatever your not really mining if you ain't online. Too bad about having the free internet and electricity in different locations. Internet can't be that expensive where you have the free electric, have you considered just getting a low-cost connection at your free electricity location? Bandwidth requirements for mining are pretty small. |
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The only major strain is usually disk access. If you're using a hard drive it might undergo some wear and tear but a SSD should be fine.
Excellent point. I also forgot to mention that HD requirements currently for the bitcoin blockchain sit at ~21,283MB according to blockchain.info source: https://blockchain.info/charts/blocks-size |
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Honestly with so small an investment probably your best bet would be either a dice gambling site (I use primedice personally) or some sort of HYIP program that has a lower payment requirement (i.e. btcgain) thread: https://bitcointalk.org/index.php?topic=761797I actually sent that exact amount for a single day 104% increase (for your first time you get an extra 6%). I would recommend that you go for one of the 7 day loans and see how you do. Be aware: 99.999% of all HYIP schemes turn out to be just that, schemes but so far this one appears to be functioning as advertised. *Never risk more than your able to afford losing entirely if you decide to gamble with your satoshi's |
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how will this effect my laptops ability to function? are there any downsides to downloading bitcoin core? is there any security risk to myself?
Provided you don't do something crazy like 'setgenerate true' under your bitcoin CLI or something the processor and RAM and Bandwidth requirements aren't to burly. Currently my bitcoin-qt client is using ~300MB of RAM, and averaging < 100kbs for bandwidth consumption running a full node with 22 peers. Processor utilization rarely exceeds 1-2% and that's when I have incoming/outgoing transactions taking place. |
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Thought I would bring back this old thread just to remind everybody to avoid this asset like the plague. Without question, jdbif is one of the biggest and longest running scam asset's located on crypto::stocks and believe you me, that's saying alot!
Don't fall in for his, Stock rebuy program, 2 month post-operative silence, or basically anything that flows off the keyboard from this con man.
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Thanks for the update and the sizable dividend payment cannabit. Glad to hear you guys are getting your operation running like the well oiled machine! You guys keep up the good work now ya hear?
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Latest update for BSVM from CS:
Ticker BSVM - Bitsmith Virtual Mining (SHA256)
Date 04 Sep 12:22
Update on whats going on
Long story short the admin that was running the equipment and been thrown out of his house that he shared with his wife and his wife is refusing to let him get anything of his she wants it all, we have a small reserve for recovery that as been bult up but the miners are currently unplugged and unreachable at this time, this is not a end to us but a road block that can be over come this admin is fine and is getting better day by day we will be slow on the dividends for a little while until we can get what miners that are still left. we just ask for acceptant on this and there will not be a trade stop
*So apparently now the excuse is the admin's wife throwing him out and refusing him to gain access to the equipment. 'She want's it all!' I think I've now officially heard everything. Naw, I'm sure I'll be surprised by yet another one of my bone-head investment decisions. Sheesh. Seem's as though there isn't a single individual that can run an honest asset anywhere in the land of Bitcoin that i've explored thus far. Time to start seeking out some new territory I'm thinkin.
If you guys decide to hold your BSVM shares, best of luck to you. I suspect you'll be needing it at this rate. Oh yeah, and if the 'admin' was running these things out of his house, you can almost rest assured they probably didn't invest in any sort of surge protection gear whatsoever.
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What ever happened with "once we get retailer adoption = to the moon". We have global online company's offering it as payment but no moon shot. Is that because of miners/hoarders or because merchants are directly cashing out to fiat?
The majority of retailers starting to accept bitcoin are only doing so with the intention of immediately cashing out to fiat. This inevitably has a downward pressure effect on the price of bitcoin. |
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Hey fellas is it just me or does anybody else find the automated betting feature of PD3 quitting after a certain # of roll's unexpectedly?
same with me , even manual bet sometimes doesn't go through .  Yeah, i've noticed this at times too. Ok, just wanted to make sure it wasn't something specific to me. |
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Not here to defend Steve Swanson in anyway as I've literally lost an ass-ton of bitcoin (for me anyway) investing in his quinto asset on crypto::stocks, but insofar as whether or not he is gambling with the IPO funds I honestly haven't seen any evidence of this whatsoever. As a matter of fact he has been pretty good about getting back to me anytime I ask him the occasional question regarding how things are going on his quinto app's (there have been constant delays as I'm sure you've seen). (p.s. he just posted a link on crypto::stocks to an executable that is supposedly the poker app)...i'll be giving this a try on a fresh system in the next day or two hopefully to see what my bad investment has resulted in.
I personally don't think it's right to accuse somebody of scamming unless you have definitive proof and I think this gambling the funds away hypothesis is nothing more than that, a hypothesis. Again, I have no love for Mr. Swanson and as I've also mentioned have lost a fair amount of bitcoin on his ventures, but an outright thief that's just gambling away all the IPO funds, I seriously doubt it.
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Hey fellas is it just me or does anybody else find the automated betting feature of PD3 quitting after a certain # of roll's unexpectedly?
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I've had pretty decent luck with Stunna's primedice plug plug  site although it doesn't function like satoshi-dice did. Live chat feature is pretty cool as is the automated betting if you don't mind coming back to fewer satoshi's a good part of the time after checking. Overall I've never had any real issue(s) of consequence other than the automated betting feature occasionally quitting on me (not sure if this is on my side or site-related). |
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0.0007BTC is deducted for 7 days of miner fees, it'll be deducted on the first payment sent I actually did a double take at the 7 days of miner fee's until I figured out you just meant the transaction fee's for the 7 days worth of daily payouts. Thanks for letting me know so I don't freak out when the first payment comes in  |
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Interesting. Nothing back on my 24h 1/2 a bit-penny test :/
I'm pretty sure payments and deposits are handled manually.. So this could be the reason. Shortly after posting that I hadn't yet received payment I did have an incoming transaction of 0.0052, given that it cost me 0.0051 to send it in I earned exactly 0.0001 satoshi's for what ended up amounting to ~38 hour loan essentially. Will give it another try with 24h loan on 2 bit-cents and see how that goes. Do you basically need us to post txid in the thread each time? |
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Welcome holdon1987. As I'm sure you've observed your in for one heck of a ride. Insofar as your trying to earn some bitcoin gives some thought to what it is that your good at and like to do and can implement technically and consider posting something under the [Marketplace] [Services] section. It can literally be something as simple as doing custom drawings, logo's, etc. or better yet create a listing with what kinds of skills you have and are looking to earn money for.
Never trust others with your bitcoin unless you've properly vetted them (and even then gox's happen). Avoid investing in mining securities. And absolutely never risk any more than you can afford to lose. These I guess would be the top three things I would advise.
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