There presently is a problem, but it's related to the inefficient way that bitcoin core initially acquires the block chain. This is a matter of downloading speed, not blockchain size. The problem arises because the client downloads from only one full node at a time and makes no attempt to find fast nodes. As a result, the downloader may see a slow speed. When I was running a full node, I had to limit my upload speed to 50 KBps so I could continue to use my network for other purposes. That's because I have a slow DSL upload speed. It takes about 6 days to upload the entire block chain at this speed. Taking 6 days to download the block chain is definitely a problem, and restarting it in the hopes of finding a faster node for the download is perhaps an even worse problem, since it requires attention from the newbie. However, there is another way around this and that is to use the torrent. This will enable downloading at one's full download Internet bandwidth.
I have to agree, sometimes the progress stops because your connected only to very slow nodes (or nodes not sending blocks). When this happens, to speed things up I had to disconnect from internet and reconnect again. It then finds new nodes. Downloading and storing 30GB of data is no problem today, just lil more inteligent downloading is necessary |
|
|
|
|
Entry #42
And this litle Piggy went hashing !
Cant wait the halloween draw.
|
|
|
|
|
Im in
1Kci5BMz8izsx7HymBTPXvD4s9XfpoyaA5
Thank you
|
|
|
|
And this piggy went hashing as well Entry #42  |
|
|
|
|
The Newbie section was usefull for basic questions for newcommers... we will see how the changes will work
|
|
|
|
So yes, BTC has all the infrastructure and a large network, but why if you're actually just freeing your money from the banks, fiat (IMF money) and capital controls, do you pay so much for the protocol of bitcoin to carry your money? Why not go with any other protocol? The protocol is neutral, the value you have to put onto the protocol is a big deal. The protocol is just a carrier of the 'value' you put into it. So at $10,000 a unit, why do you keep yourself married to that 'carrier' protocol (BTC) that has insane valuations?
Do you realize most crypto coins have different numbers of total coins ever available, and term coin is just arbitrary, Bitcoin lowest unit is Satoshi. You can buy one mBTC for just 0.7 USD, it is 100,000 Satoshi for under one dollar |
|
|
|
would it be smarter to invest in the even smaller coins?
Definitively not smarter, I would say much more speculative |
|
|
|
|
When I GPU mined, my bitcoin sometimes smelled like burning cable
|
|
|
|
the question is when it will stabilize at $ 1,000!???
currently crushing very badly and now around 700$ and other alt coins also crushing right now badly now just watching what happening in near future Without bad news it is just bear trap. Ultra weak hands might sell though  |
|
|
|
Sir, by the way, who is owner account above?!?  AFAIK both of the above accounts are owned by the FBI. In other words the FBI has the private keys to these two accounts. FBI should give the private keys to central bank, so US could get Bitcoin reserve for future. United States pawns everything |
|
|
|
if the growth of bitcoin is not the limited, then the value will fall and it will not be worth. I agree, Bitcoin is designed to store value. It is like gold, but digital |
|
|
|
3) And what is the best software do mining the coin you suggested? (cpuminer, bfgminer, cgminer, etc...)
Did you know these programs are flagged as malware with antivirus software? |
|
|
|
Whats funny is that Ripple inst (fully) open source. They are like twitter, claiming to be open source because a tiny part of their script is online.
Your right, Ripple is affraid their brand is not recognized enough to allow publish full open source, and they are right |
|
|
|
They recently received Time's Top 10 Startups of 2013 (number 2), and jumped from 200,000 accounts to 600,000 accounts. I'd say they're solid.
+1, This makes me confident with my bitcoins on their wallet, at least small amounts |
|
|
|
The last ATM I saw from the back had a nice windows logo on it's screen.
Also the people in the bank are using computers running windows.
The largest corporation I saw using only Linux was Jurassic Park Inc.
I agree, Microsoft is doing good work and publishing security patches regularly. You pay for it and many programmers working on windows security |
|
|
|
If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.
This doesn't make any sense. Lets say im an early invest with 100 btc. BTC reaches one million. I sell all of my btc. The price will crash because of the fact that people wont be able to buy at 1 mil. If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.
Some early adopters have over 100,000 BTC, do you see something like this happening now  No, because btc is still at a reasonable price. People can still buy 1 btc whole. Just to inform you, 100 BTC * 1 mil USD = 100,000 BTC * 1,000 USD |
|
|
|
I do give away bitcoins without any strings attached. Just promoting Bitcoin.
You running faucet? If so, which faucet, I like the ones with minimum adds |
|
|
|
|
Show Posts
