Bitcoin Forum
March 08, 2021, 10:03:50 AM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 »
1  Alternate cryptocurrencies / Altcoin Discussion / Re: JINN news on: December 08, 2017, 05:58:22 AM
Ah don't you just love a good mystery coin?

As you'll have noticed their website (at least the one linked to coinmarketcap) is empty, but it wasn't always like that. This is what the internet archive shows us:

https://web.archive.org/web/20141005232852/http://www.jinnlabs.com:80/

Then the coin was discussed in detail here:

https://letstalkbitcoin.com/forum/post/making-sense-of-jinn

Also, note the comment at the bottom of one of David's links (https://dev.to/buntine/the-balanced-ternary-machines-of-soviet-russia):

  • (...) FYI the IOTA project has a prototype ternary microprocessor (called JINN) and they are working on plans for widescale adoption in Internet-of-Things devices. Specifically it will provide low-power high-velocity nanotransactions. They have their own "cryptocurrency" token with it as well. So we may see a resurgence in ternary coming soon. (or maybe not, who knows?)

Since Iota just went sky high after announcing a big deal with (among others) Microsoft and Fujitsu (see: https://cointelegraph.com/news/iota-price-explodes-after-agreement) I am guessing the current spike in Jinn is stemming from a small group of people that are very aware of the link between these projects.

Have to say: sad I didn't figure this one out before..
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Cardano On The Rise on: November 29, 2017, 09:16:26 AM
Can't sell your ADA on Bittrex at the moment, says wallet is out for "Automated Maintenance".   Undecided
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DECENT Announcement - Decentralizing Content Distribution on: November 05, 2017, 11:55:18 AM
Did anyone notice the vast amount of empty blocks being mined?

https://decent-db.com

Chain seems almost abandoned?
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][GRS] Groestlcoin | Segwit activated | Adding Segwit to all our platforms on: November 02, 2017, 12:57:28 PM
Why price back to 50 cents?? I buy at $1.20 and was promised $10 by end of week.... wtf is this scam?!
A few post before you said you bought a bag at 75 cents.
And for as far as I can see only you promised yourself a price of $10.
But, never buy in a pump, only sell in a pump. (unless you like some risky business)
The price will definitely go much lower ..... and later on higher .... lower .... higher.
It's a good coin, for many years already, you can only scam yourself.

Haha, you should check out this guy's post-history.. you might wonder if it was even worth responding Wink. He's all about strong words, zero content. Yet, fully agree to what you said, one can only scam oneself, true that..!
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Storj - Decentralized Storage on: October 30, 2017, 09:09:32 PM
So they are switching from Counterparty platform to the Ethereum one. In my opinion this is a good and a smart move to do right now but there are a lot of coins based on ethereum platform , hope they know what are they doing cause I always had an interest on Storj.

How come you suddenly start referring to something that was announced over 6 months ago -> http://blog.storj.io/post/158740607128/migration-from-counterparty-to-ethereum ?

Still though, didn't realize yet that STORJ apparently switched from Bitcoin-related to an Ethereum related coin back then. So thnx.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Storj - Decentralized Storage on: October 29, 2017, 12:51:33 PM
ive been renting my diskspace with Storj for quite some time now and at first i have to say congratulations on the Software its idiot proof to install and run it. But now im asking myself is ther any link or something on which an can see how many Storj i already earned and how many i can earn per TB / Month which would be nice because im thinking about upgrading my System with some more Storage if its profitable in anyway.

Would love to see some DEVS respond to this. I've read similar requests for a profit-calculator all over and I would certainly like to see one for myself.

The only estimated earnings I managed to find was some guy in the STORJ community slack that said 100TB of storage should most likely earn you around $150-$300 a month..

Yet, if I look at the price of the necessary hardware (a full 100TB rig would cost about $5000 I guess?) and the electricity it would cost to run it.. a quick guess would be that even in the most positive scenario of $300 a month it would take you at least 16 months to reach your return of investment. And that is the upmost positive scenario..

Unless the price of STORJ rises of course and you'd make a lot more then $300.

Yet, if that happens, probably more people will come to rent out space and thus lowering the potential STORJ tokens to earn, right?

Someone please clarify for the noobs out here that might be willing and able to participate.

I'm not a dev but I've been following Storj for a long time and use Storj Share.

You should use what you have available at this stage not thinking of getting a 100TB rig built to make a profit.
Even if you have one it is not guaranteed you will fill it up with data or it could take a long while.

The way you earn right now depends on the amount of storage you actually store for Storj users on your node.
There are several other variables including your uptime, bandwidth, reliability, etc... which all affect how much you can earn.

There is a lot of competition for storage with several thousand active farmers at a point, Storj has recently announced 5 PetaBytes of storage used on the network.
As storage demand increases with new Storj partnerships and customers, farmers will also see an increased utilization of their storage which could mean more rewards.

Hence why it is not easy to make an earning calculator. What I heard is that the team will be moving at some stage to more frequent, automatic payouts (via Etherem smart contracts)
which will potentially mean more data to work with as well as more reliable ways to estimate earnings.



Great answer, took quite some time to figure this out myself but at least now it's written here in clear language. Hopefully it will also be of benefit to others that end up here with the same question. Thnx! Smiley
7  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Bitcoin Gold Electrum support on: October 29, 2017, 12:47:22 PM
Electrum Gold released (edit)electrum-gold.org

CAUTION

Above mentioned wallet is not "official electrum wallet".
Personaly I'm very sceptical about it as to me it looks like the author is just trying to take advatage of well known "electrum wallet" to lure people (what other reason could be to name it like that ??)
Use at your own risk.

EDIT: @CryptoVinny - it's your first and only post  Cheesy ..  Im pretty sure you are the author ... nice try, but next time try to find better way to make money then from scamming others.
Now GTFO.

Likely a scam indeed. Bitcoingold.org does not show any electrum variant as wallet and the site linked above links to at first glance shady pages that ask you to "import" your private keys/seeds. For some reason they require you to have a current bitcoin (BTC) balance, which is bullshit. You just needed to have a BTC balance for block 491406 in order to have BTG now.

Haha, from all the scams I've seen this must've been one of the easiest ones to spot.

That said; on claiming Bitcoin Gold: I thought the split had already occurred, but from what I gather from here -> https://medium.com/@coinomi/collecting-your-free-bitcoin-gold-btg-coins-da937d4255d1 (message from Coinimi wallet on Medium) 25 October was mere the moment the snapshot of the BTC network was taken. The actual split won't happen until the 1st of November.

I'm guessing, after that date, one might simply download the Coinimi wallet and import your Electrum keys into it to claim the Bitcoin Gold?
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Storj - Decentralized Storage on: October 28, 2017, 08:12:40 AM
ive been renting my diskspace with Storj for quite some time now and at first i have to say congratulations on the Software its idiot proof to install and run it. But now im asking myself is ther any link or something on which an can see how many Storj i already earned and how many i can earn per TB / Month which would be nice because im thinking about upgrading my System with some more Storage if its profitable in anyway.

Would love to see some DEVS respond to this. I've read similar requests for a profit-calculator all over and I would certainly like to see one for myself.

The only estimated earnings I managed to find was some guy in the STORJ community slack that said 100TB of storage should most likely earn you around $150-$300 a month..

Yet, if I look at the price of the necessary hardware (a full 100TB rig would cost about $5000 I guess?) and the electricity it would cost to run it.. a quick guess would be that even in the most positive scenario of $300 a month it would take you at least 16 months to reach your return of investment. And that is the upmost positive scenario..

Unless the price of STORJ rises of course and you'd make a lot more then $300.

Yet, if that happens, probably more people will come to rent out space and thus lowering the potential STORJ tokens to earn, right?

Someone please clarify for the noobs out here that might be willing and able to participate.
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [B3]B3Coin Hybrid POW/POS [Scrypt] - ANTI-INSTAMINE, NO PREMINE, NO ICO, NO IPO on: October 15, 2017, 10:00:30 AM
Looked into this coin.. 24h trading volume of less then $50.000, can't seem to find lots that's special about it. Other then a very long term staking oppertunity/guess I wouldn't bet on it.

Good fortunes to those who do.
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: October 10, 2017, 10:51:30 PM
In vain I bought it for $ 500, now I do not know what to do with it

Well.. way I would see it: best to hodl until Bitcoin's Segwit2x fork. See, the Segwit2x is a hostile fork attempt without replay protection: meaning Bitcoin users that initiate any kind of transaction will be unsure if their BTC will be lost, will end up on a different fork or.. well enough scenario's to be scared about. It will cause people to at least temporarily halt doing any transactions and they're likely to search for alternatives, who knows.. maybe they'll jump ship to Bitcoin Cash.

Also, it makes sense, even those that oppose of 2x aren't necessarily against a bigger block size per se, but just against the way it is currently being forced onto the network. They might look at Bitcoin Cash and conclude that hey.. those guys already have both SegWit & Bigger Blocks.

Just newbie insights here.. weight them on your own terms.
11  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Steemit.com: Blogging is the new Mining on: October 09, 2017, 08:11:54 PM
oh look another shit scam coin traded on a shit exchange

have fun getting raped newbies

if this is rape, then i very much enjoy it.... i didnt know rape was so profitable lol...... salty scrub.

Statement made by @nrg_wolf on 14 july 2017 when price was $4.31.. price has since dropped to $0.96.

 Grin
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Hshare(HSR) and Hcash on: October 09, 2017, 08:03:34 PM
I have been doing a little research on this crypto. I saw it when it was 14 dollars, apparently it is running along the same concept similar to omisego. It seems to be catching steem and I will be keeping a close eye on this crypto. I believe it still have more room to go much higher at least into the 3 digits in the beginning of next year.

The quoted statement was made on 28 aug when this coin was still trading at $38... now it's been under $10 for quite some weeks..

Worst prediction ever?  Grin
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ONIX PROJECT, A DECENTRALIZED LOANS PLATFORM! on: October 07, 2017, 04:40:11 PM
Only until now am I beginning to see the crazyness around these airdrops everywhere.. there are a lot of accounts on here catching a few free pieces of almost every new token out there.. seems like a fun activity that I think I will also indulge myself in a bit over the coming weeks. That said though, the whole idea of chasing airdrops and selling your tokens a.s.a.p. once the market opens is off course nowhere near a sign of actual support of the ideals behind the token, which is obviously why so many scams exists.
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ONIX PROJECT, A DECENTRALIZED LOANS PLATFORM! on: October 05, 2017, 06:18:04 AM
Allright, newbie question here.. from what I understand from the vid on the website I'm able to deposit ONX tokens to take a loan (of a similar amount of ONIX?), and then I can use that loan to do stuff.. and after I pay it back I get my tokens back..

How is that different from short trading that I can do with any token on a lot of exchanges? Besides taking a loan.. am I also able to lend my tokens to other users to short with?

Thnx for any insights!

If I confuse concepts.. hope you'll enlighten me Smiley!

Thnx guys Smiley

where do you see the loan part on their website please ?

Sorry to catch a late reply but.. how do you not see the loan part on their website? The whole project is centered around it way I see it.. (again, enlighten me if incorrect)

The name of this thread is "ONIX PROJECT, A DECENTRALIZED LOANS PLATFORM!".

The video on the website says users are able to "Deposit Onix on a fixed term for an specific time (spelling error not mine, it's in the vid) and Onixcoin.com grants a loan with a yearly interest rate."
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Some insight on ADA coin/Cardano on: October 05, 2017, 06:08:38 AM
An article on Cardano by Trustnodes for who's interested in a more thoroughly researched opinion then mine: http://www.trustnodes.com/2017/10/02/cardano-eyes-ethereum-smart-contracts-grabs-half-billion-market-cap
16  Alternate cryptocurrencies / Altcoin Discussion / Re: Some insight on ADA coin/Cardano on: October 05, 2017, 05:39:53 AM
Quote
Some newbie insights: Well, ok, for a coin with such a high market cap this coin has a whole lot of question marks floating around it.. not to mention the dubious articles on it's founder as you dig into it..

That said, even if it is dubious, question is if the coin is a good or bad investment as of this moment..

As a long term solid investment I wouldn't gamble it, but if you're on a hunch for a quick profit, who knows..

Standard tactic. Charles is a shady dude. He murders puppies and pollutes the rivers = Dubious project. Notice he didn't mention the whitepaper https://whycardano.com/ the research papers https://www.cardanohub.org/en/academic-papers/ the dedicated research centers http://www.businessinsider.com/iohk-sponsors-blockchain-research-lab-at-the-university-of-edinburgh-tokyo-tech-2017-2 the code with over 11,000 commits in haskell https://github.com/input-output-hk/cardano-sl the successful peer review https://www.forbes.com/sites/amycastor/2017/08/23/at-crypto-2017-blockchain-presentations-focus-on-proofs-not-concepts/#44f468ba7b70 the team https://iohk.io/team/#cardano or pretty much anything else that's positive.

It's basically project destruction by character assassination. This is why the mainstream can't get into crypto. It's a series of toxic clubs that try to destroy each other when they disagree.

I guess it's fair critique I didn't mention those positives, which I agree they are. It's not that I didn't look at them and it may well be that they prove to be a valid and strong foundation for Cardano and the ADA coin.

That said, I did state I was just spilling some newbie thoughts.. given the amount of negative news regarding crypto-scams, of which we cannot deny there are a lot floating around, I feel it is only healthy to be on high guard. So, if a new coin pops up with a major market cap I don't feel it's unhealthy to be skeptical about it: guilty till proven innocence rather then the other way around. It's not how I like it to be but I perceive it necessary in crypto land.

Reason crypto isn't mainstream in my eyes is because on regular markets there are a lot of regulations and government-oversight that to some extend protects it's users. Simultaneously though those same regulations form a sometimes suffocating grip on things, forcing a status quo when we in fact would like to see a natural evolution of things. Crypto at the moment still offers that freedom, but that also means it lacks the regular protections.

My post probably sounded a bit more negative then I meant it. When I said I wouldn't gamble on it I meant 'as of this moment'. Still feel that way though. Might be a lack of insight or understanding, once again I'm just a newbie here so people should judge for themselves if they consider my thoughts shortsighted or not.

I do indeed like the Haskell approach on Github and the stated motivations behind the entire project at https://whycardano.com/, so if my early musings prove shortsighted I'll be the first to admit when the time comes..

I'll state it one more time so it's clear: I am just stating some newbie hunches here, not an expert overview. If you are thinking about investing in this coin: do your own research and draw your own conclusions.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Some insight on ADA coin/Cardano on: October 04, 2017, 08:22:23 PM
Some newbie insights: Well, ok, for a coin with such a high market cap this coin has a whole lot of question marks floating around it.. not to mention the dubious articles on it's founder as you dig into it..

That said, even if it is dubious, question is if the coin is a good or bad investment as of this moment..

As a long term solid investment I wouldn't gamble it, but if you're on a hunch for a quick profit, who knows..
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EXTN]🔷AIRDROPS 🔷ExtensiveCoin Pow/Pos 99% APR Rare [ICO]!!Bounies!! on: October 04, 2017, 04:20:59 PM
So sad many airdrops require a minimum type of membership to Bitcointalk.. just wish I had been here earlier when all the first real airdrops started flying their rounds..

Still though, enjoy your tokens everyone!  Wink
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥⭐[ANN] WiC|Monetizing WiFi Sharing| ⭐🔥 Markets open on Livecoin 🔥⭐ on: October 02, 2017, 06:27:02 PM
Could someone explain the benefits of using WiC App in highly populated areas like major cities? I'd say as soon as a few people "sell" their wifi, in order to compete with these and draw any traffic to your own hotspot your price would soon need to drop to near zero.. furthermore, in a highly populated area chances of people misusing your wifi and causing you legal problems seem quite real..

I've read the devs statement on page 1 that misuse is unlikely since people wanting to commit harm would be more likely to go to a free-WiFi spot at like MacDonalds rather then pay WiC for yours.. this logic however (to me) seems broken. For if there is a free-WiFi spot nearby why would anyone else rather choose to pay WiC for yours? Could be bandwidth/connection speed but the same would apply for scammers etc.. Also, everyone knows that at free-WiFi spots there is usually a ton of logging taking place.. while if you could use someones private WiFi you'd be much more anonymous..

So, as far as I see it.. high risks (misuse of your WiFi causing you legal problems) for small / neglectable gains.

In more remote locations where WiFi spots are (very) scarce it might be profitable to run the app but it would still be (in my eyes) a huge security risk and you probably won't draw a lot of traffic in less densely populated zones (so again, not much to gain..).

If anyone could explain me why I'm looking at this the wrong way round, please explain Smiley.

---

PS: If the price goes to moon because of pure speculation however, it might still be fun to buy and hodl a few and sell at peak..
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ONIX PROJECT, A DECENTRALIZED LOANS PLATFORM! on: October 01, 2017, 08:20:19 PM
Allright, newbie question here.. from what I understand from the vid on the website I'm able to deposit ONX tokens to take a loan (of a similar amount of ONIX?), and then I can use that loan to do stuff.. and after I pay it back I get my tokens back..

How is that different from short trading that I can do with any token on a lot of exchanges? Besides taking a loan.. am I also able to lend my tokens to other users to short with?

Thnx for any insights!

If I confuse concepts.. hope you'll enlighten me Smiley!

Thnx guys Smiley
Pages: [1] 2 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!