Bitcoin Forum
May 09, 2024, 11:03:13 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 ... 98 »
221  Economy / Exchanges / Re: List of bitcoin debit cards on: December 16, 2017, 02:49:32 PM
Are their cards able to be used again? I haven't caught up with what's going on with Uquid after the whole history with myChoice cards. What's happening in there?

I didn't even knew that they stopped working? I never used the physical card but for the virtual one, I didn't have any issues.


Huh. Where are you located? I reside in the U.S. and had only the virtual card with them and I was completely blocked from the website for a period of about one month. My card itself was not blocked, but it became impossible to load it or to use the UQUID website for anything related to the card, as I was IP-blocked for a while. Even when I (and I assume the rest of the U.S.) was unblocked, the loading feature still would not work as they said they were still trying to find a new card provider that would work for them and even then, it appeared as if they were going to just completely drop the U.S. market and focus solely on issuing cards to E.U. residents through Wave Crest, which does not work outside of the E.U.
222  Economy / Service Discussion / Re: Chain.so on: December 16, 2017, 05:39:09 AM
Hey there. I replied to your previous post that you made on the technical forum, and since this post seems to be the exact same copy of that one, I'll just refer back to my earlier reply:

Hello I have asked this question on several forums and got no answer.

I was wondering how is it that Chain.so is struggling so hard to process all its BTC transactions. On 13/12 I have sent 0.07862241 BTC from my Hashlfare wallet and payed 0.00078572 in fees (so not a low fee transaction). Hashflare confirmed it but and my transaction has still not arrived in my Exodus wallet after 2 days. Yet when I send the same amount from my Exodus wallet for example or any other wallet for that matter and pay the same fee the transaction gets processed in under one hour. I also cannot find the transaction ID on https://blockchain.info/ it only exists on Chain.so. I do understand that miners prioritize the transaction with the highest fee and (my transaction being one of them) can somebody here be so kind and enlighten me about how is this even possible that after 2 days my transaction is still not confirmed ? I am just trying to understand the logic behind this.
Many thanks

If it is not on Blockchain.info but it does show up on some other blockchain lookup tool, it probably means that the transaction is still unconfirmed and was in this status long enough for Blockchain.info to drop it from their own mempool. This means that unless the transaction does end up getting confirmed, they will stop broadcasting it. Also, it is important to note that a transaction with a higher fee may have less priority than one with a lower fee depending on the actual size of the transaction in bytes. What matters is the fee per byte, not the raw fee itself. If you go to https://btc.com/stats/unconfirmed-tx you can check what a good transaction fee is, which right now is showing at around 400 satoshi per byte. If your transaction has less than that, you might have to keep waiting longer or have the sender resend it or double spend it.

I am still not fully sure of what you mean when you say Chain.so is struggling to process transactions. I took a look at the website and from what I can tell, it is simply a block explorer like Blockchain.info. Unless I am wrong about this, my previous reply explains why it is that a transaction will not show up on other nodes. Unless I misunderstand something, you must be new to Bitcoin. If you are, take a look at the Beginners and Help section where you can ask and see answers to similar questions: https://bitcointalk.org/index.php?board=39.0.
223  Economy / Digital goods / Re: [AUTOBUY] ✔️ $1 .Edu eMail Lifetime Warranty - UNLIMITED GOOGLE DRIVE on: December 16, 2017, 05:24:49 AM
How exactly do you plan to provide a lifetime warranty for these emails? I assume most of these use the same domain, which would mean that they would all at one point stop working all at the same time and you would have to re-provision them all at the same time as well. Also a note for everyone interested in buying these: OP does not have much of a reputation in the forums and it is likely this warranty on the accounts is not worth much. Furthermore, the accounts themselves might not last long if OP is actually selling them in bulk. The purchase might be worth it for some of the services, but if you want it for the Google Drive Unlimited then you should probably look elsewhere, as these tend not to last long as they go against the Google ToS.
224  Bitcoin / Development & Technical Discussion / Re: Dynamic Scaling? on: December 16, 2017, 12:49:42 AM
I'd like to add that I don't believe that Lightning Network is the best solution to scalability. While it can certainly address the currently high fees, I have some long-term concerns about relying on it. The thing is, the Bitcoin network was designed such that less coins are minted over time so that the miners can gradually transition to being paid in fees. Eventually the only financial incentive miners will have is transaction fees, which means more transactions would lead to better mining incentives.

Using the lightning network to open channels through which several transactions can flow without fees circumvents that and can actually lead to higher average fees for everyone else. At present, it would work great because that would remove from the Bitcoin network large amount of transactions that would otherwise congest the network and improves usability for smaller transactions, but that doesn't side step the need to address network scalability issues. If anything, it seems like the lightning network would be better used as a tool for decentralized exchange between cryptocurrencies, but shouldn't replace the ability of any particular coin to act as an exchange of value.

If node operators were rewarded by the network the way miners currently are according to their bandwidth they would have a financial incentive to scale up their capabilities leading to the network as a whole scaling up if dynamic scaling was implemented. That would ensure that transactions everywhere confirm cheaply, and the lightning network can still be of use for quicker in person transactions at stores where you don't want to wait more than a few moments for the transaction to confirm.

If we go the route of relying on secondary networks to exchange value, how exactly are the miners going to be paid when there are no coins to mint and no on block transactions to confirm?
To answer the first bolded text: While you are not wrong about the nature of decreasing the block reward in order to put the focus on the transaction fees as the rewards for miners, the scaling issue of transaction fees does not really relate to that. What matters is where the reward lies, not the amount. The amount will always be related to the supply and demand of the available hardware in the network. If transaction fees decrease, miners get paid less and therefore mine less, which lowers the overall difficulty of mining and makes it more profitable for the remaining miners who are still in it. If they increase, the number of miners will increase with it as will the difficulty to balance everything out.

To answer the second bolded text: There will always be coins to mine. The Lightning Network still depends on miners. All it does is perform the reconciliation of may more separate transactions off-chain into a single final entry that once "closed" gets put into the blockchain. To get put into the blockchain, miners still have to choose the transaction and will still get paid a fee. The difference is that the fee will be much less than it would be with all the separate transactions, which is fine considering the supply (miners) numbers will adjust accordingly.
225  Bitcoin / Development & Technical Discussion / Re: How do BTC transaction work? on: December 16, 2017, 12:23:19 AM
Hello I have asked this question on several forums and got no answer.

I was wondering how is it that Chain.so is struggling so hard to process all its BTC transactions. On 13/12 I have sent 0.07862241 BTC from my Hashlfare wallet and payed 0.00078572 in fees (so not a low fee transaction). Hashflare confirmed it but and my transaction has still not arrived in my Exodus wallet after 2 days. Yet when I send the same amount from my Exodus wallet for example or any other wallet for that matter and pay the same fee the transaction gets processed in under one hour. I also cannot find the transaction ID on https://blockchain.info/ it only exists on Chain.so. I do understand that miners prioritize the transaction with the highest fee and (my transaction being one of them) can somebody here be so kind and enlighten me about how is this even possible that after 2 days my transaction is still not confirmed ? I am just trying to understand the logic behind this.
Many thanks

If it is not on Blockchain.info but it does show up on some other blockchain lookup tool, it probably means that the transaction is still unconfirmed and was in this status long enough for Blockchain.info to drop it from their own mempool. This means that unless the transaction does end up getting confirmed, they will stop broadcasting it. Also, it is important to note that a transaction with a higher fee may have less priority than one with a lower fee depending on the actual size of the transaction in bytes. What matters is the fee per byte, not the raw fee itself. If you go to https://btc.com/stats/unconfirmed-tx you can check what a good transaction fee is, which right now is showing at around 400 satoshi per byte. If your transaction has less than that, you might have to keep waiting longer or have the sender resend it or double spend it.
226  Bitcoin / Press / Re: [2017-12-15] 9 Bitcoin Experts Share Predictions of Bitcoin Future (Buzzfeed) on: December 15, 2017, 11:43:19 PM
It's a pretty weak list of experts. I've been around for a long time and I only know two of them.

Qualifications like this aren't exactly convincing:
Quote
Investor and in the IT industry for 25 years. Researching and being more and more fascinated by blockchain technology for more than 2 years....

Not only that, but BuzzFeed itself is not known for its reliable news. There have been way too many times that reporters, writers, and editors at BuzzFeed manage to release a poorly researched article that either lacks context or is made public simply to attract clicks. They probably are just trying their hardest to get in on the Bitcoin bandwagon without having to put the effort into learning about it. I would not be surprised if they do not have any standards to consider the individuals on this list experts. I would just stay away from them.
227  Economy / Services / Re: Need help recovering my wallet! Blockchain.info * Second password* on: December 15, 2017, 06:21:08 AM
There are only 2 possible ways of getting access to your bitcoins if you forget your second password: you have to either know your 12-word seed / recovery phrase (which it seems like you don't) or you have to try to bruteforce it. I am not familiar with the strength requirements of the second password, but if you feel like it is possible that you were using a weak password (let's say, all-capital letters, no special characters or digits, and short in length) then there is a good chance that you will be able to brute force it. If it is somewhat strong at all and you know that even a dictionary bruteforcing algorithm would not get you anywhere, then you are pretty much screwed. Good luck, though.
228  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: December 15, 2017, 04:09:57 AM
Chipmixer down? Currently getting 504 error. "504 Gateway Time-out".

Should we be worried or?

since the site under constant ddos attack, I think ChipMixer should suspend timer on any open session
or even better they could implement auto extend of any open session whenever the site down
this way people don't have to worry about expired session
it is possible to do something like that, isn't it?

I completely agree. I have seen a few support requests being posted publicly here in the forums. If these people are the same people using the mixer at times in which a DDoS attack is being launched onto the ChipMixer servers, it could potentially mean that they would be losing the chips that they had just recently tried to mix. This is most likely to happen at times in which the site goes down near the deadline for withdrawing for an individual who had previously mixed. Implementing a sort of timer or just pausing the session when an attack is launched would be a great improvement and could be implemented by using a separate, private server (obviously not public-facing) to ping the web server and update the session information on the database (which I assume is also hosted separately) to delay the time of deletion persistently until the attack on the web server ceases and the individual is able to once again access their funds.
229  Economy / Digital goods / Re: SUPER CHEAP - HIGH QUALITY RELIABLE VPS - PayPal, BTC, ETH - Multiple Tiers on: December 15, 2017, 03:33:01 AM
Hey, so I am quite interested in getting a tier 1 of your VPSs as well as potentially a VPS that would be mainly used for storage. If possible, I would like a quote on the latter (a private PM with different storage options would be fine). Furthermore, I would like to know what kind of control panels or server management interfaces, whether as web-apps or CLIs we would be getting to manage these. I would also appreciate a trial account so I can check these out for myself. My main concern for my storage/backup VPS would be how high you could go with the hard drive storage, as I might need a significant amount or just a decent number of separate VPSs for this so that I can create redundant storage for backup purposes. Thanks.
230  Economy / Goods / Re: Trezor and Ledger Nano S shared buy in Canada on: December 13, 2017, 10:08:56 AM
I am interested in buying a few for people I know, but I do not reside in Canada nor live near the border to it. I am currently on the east coast of the United States, but we might be able to arrange something if you cannot find anyone else. I can chip in for somewhere around 20 pieces. If this gets close to being achieved then I can figure out the specific details and shipping costs if needed. I could also probably buy surplus and resell just as you are doing yourself if it would help get to the 200-piece Ledger Nano S goal.

If others are in, post here for awareness.
231  Economy / Goods / Re: Cat6 calbles made to order on: December 11, 2017, 06:55:57 AM
Why would anyone need this service? I understand that they are made to custom order, but how custom can a Cat6 cable be other than a specific length or color? Cat 6 cables are already provided in a great variety of lengths and colors for cheaper online than what one could get by ordering from you. How do you differ from the already established hundreds of sellers that already have a reputation and known quality and price standards? You are going to need to provide more information if you want to run this service successfully.
232  Bitcoin / Development & Technical Discussion / Re: The confirmation of the payment is more then 24 hours delayed on: December 11, 2017, 06:00:49 AM

 The transactions ID's made 3 days ago:

 fa1e0bfbb0b9e3df882330ca750872e7b08c65d2da8113f93eb79f5230deb38b
 7c5e1cc9fb3895631e51301c4a3f30392e0c307167e55ea82bdba58f76744267
 4ef9edb74d26b50ce32b6abfdebe4ddf3f7c4a24170432d89f6beb199b46b1a9
 1e6b7f74983541f6589cd6770b11977223473e446173596886afc5595282b4cc

 At 2 of them I chouse the option to pay a fee in order to made the confirmation faster, and I get this status for them:
 "This transaction raises the network fee for a previous payment" but when I go to transaction id's for this 2 I get: "Transaction not found"

 The problem is geting so frustrating because I chouse btc in order to make a transaction faster then normal, but this problem block me for 3 days already and I dont know how long will take to be resolved.

 The ARM is Robocoin.

Blockchain.info dont see this one "4ef9edb74d26b50ce32b6abfdebe4ddf3f7c4a24170432d89f6beb199b46b1a9". But Blockchair and blocktrail can see it. (https://www.blocktrail.com/BTC/tx/4ef9edb74d26b50ce32b6abfdebe4ddf3f7c4a24170432d89f6beb199b46b1a9)
It could take some time. Unconfirmed transactions deleted from the network within few weeks. Or until they get confirmed. Maybe your transactions were bad broadcasted to miners or something like that. You can only wait now.
Also, as i see you tried to spent output from unconfirmed transaction. You must wait until the genesis transaction get confirmed.

I just checked and it seems like you are right. That is most likely because Blockchain.info's node dropped the transaction since it did not get confirmed in such a long time. I am surprised this is the case, as this transaction has a fairly decent transaction fee that should not last all that long to get confirmed. Since OP is not the creator of this transaction (but rather, the receiver), it is impossible for him to do anything other than pay separately to a miner to get the transaction through. If he does want to pay a miner, he should look for a pool's transaction accelerator that accepts payment or tips to accelerate and this will most probably ensure that the transaction makes it through in no more than a few hours. I advise you contact the ATM manager.
233  Economy / Exchanges / Re: 2017 Bitcoin Debit Card Reviews on: December 11, 2017, 05:36:45 AM
So what would be the best solution for a "long term storage" card ? just somethin to have like 1k on it to use for daily expense, and that has the lowest fee possible ?

Again, this is completely dependent on many factors. You need to be able to answer what you current location of residence is, what customer information you are willing to give up, and what fees you are willing to pay up. The location is probably the most important one. If you are in the U.S. and want minimum fees, I can personally recommend the Shift Card. It connects directly to Coinbase and spends from your Bitcoin wallet up to a custom limit that you can set. Outside of the U.S. you actually have more of a choice, since the regulations are more relaxed. If you are in the European Union, however, you are most likely going to have to deal with the Visa/Mastercard identity verification requirements.
234  Economy / Web Wallets / Re: Bitcoin stolen from Blockchain account on: December 10, 2017, 09:02:13 AM
I'm surprised nobody here has mentioned the possibility that OP's information just got phished. He says that he read about an issue with Blockchain.info that nobody else knows about. Blockchain.info is known for being one of the online wallets with the most amount of phishing emails sent to users. If you were guided to a website that claimed you had your Bitcoins stolen and that they can be refunded, know that the website is fake. Do not put any of the information in it, as that is what will lead to your real bitcoins getting stolen from you. Blockchain.info has not claimed any security breach and has certainly not said anything about paying anyone back. Furthermore, consider using that as just a hot wallet and getting a hardware wallet for your cold funds; it is safer to hold Bitcoins this way.
235  Bitcoin / Press / Re: [2017-12-07] Lightning Network is a Success! First Bitcoin Transaction Sent. on: December 10, 2017, 12:57:49 AM
During Bitcoin’s development numerous problems have emerged and developers continue to fix them. Scalability is one such issue. But another major problem is the network capacity of dealing with small transactions. Ethereum has been tackling that problem with Raiden, and Bitcoin’s solution is almost the same but with a different name: Lightning Network. On Wednesday, December 6th, the developer team announced that the first mainnet Bitcoin transaction using Lightning Network was a success.

More at: https://dowbit.com/ln-success-first-bitcoin-transaction-sent/

It is surprising that Bitcoin is down and Bitcoin Cash is up today. Scaling problems were actually the only reason why people thought Bitcoin cash could be successful. The lightning network is a step in that direction, but the market seems to be ignoring that.
And you should most certainly ignore the upward movement bitcoin has experienced the last couple of days. Yesterday bitcoin cash was down about 20% alongside practically every other altcoin. The lighting network isn't something new so I'm assuming it has become more of a fundamental and it has been priced in gradually. Not all markets, especially not the bitcoin one, are heavily relient on hype or good news to surge in price nor does the market adjust immediately to relatively small news like this (giveen you're a legendary member you should be aware of that) .

Not only that, but also the reason why announcements about the Lightning Network are not going to affect the price of alternatives to the scaling solution such as Bitcoin Cash and other altcoins is because of the fundamentally different ideologies held by everyone. If you go and ask a Bitcoin Cash supporter what they think about the Lightning Network, the most likely answer is going to be dismissive, focusing on how the lightning network does not count as centralization and puts too much trust in big parties, completely brushing aside any fundamental problems that they may know about Bitcoin Cash itself. I used to be subscribed to the /r/btc subreddit mostly to hear out the logical arguments some Bitcoin Cash supporters had to make about the LN, but the sheer amount of trolls significantly outshone the number of people who were actually helpful and were in for an actually constructive discussion. I do not see much disagreement in people in this forum, so I assume that it does not apply here.
236  Economy / Services / Re: Bounty for someone to accelerate or cancel my unconfirmed transaction on: December 09, 2017, 11:54:32 PM
You can never cancel a bitcoin transaction or/and in any cryptocurrency.
Just use the search engine of this forum and you will find a lot of free services that can help you to accelerate your unconfirmed transactions. You will need to wait and it will confirm soon.

It's possible. If you are using a client wallet (Electrum, Bitcoin Core, etc), you can remove the wallet transactions locally and double spend your transaction with a higher fee, making miners prefer that newer transaction, and put them in the new block.

Besides double spending, after 48-72 hours, the transaction will be cancelled and refunded (unless some asshole keeps rebroadcasting your transaction, which is possible since OP just posted their TX in a popular forum).

How would I do this?

Not who posted the suggestion, but can still help. What wallet are you using? The method of doing this is completely dependent on the wallet, and some wallets will not even allow you to do this or will synchronize immediately with the rest of the nodes, which will redownload the transaction. If you happen to know or can retrieve your own private address from your wallet, then you can use any other compatible wallet or double spending website to create the transaction again with a higher fee.

However, I just checked the mempool status and it is slowly going back down after the craze over the past few days created by the extreme volatility of the price of Bitcoin in fiat exchanges. It should not be much longer until your original transaction gets confirmed anyways.
237  Bitcoin / Development & Technical Discussion / Re: Tracking down stolen Bitcoins on: December 09, 2017, 10:11:18 AM
If you mean a blacklist of addresses rather than a blacklist of wallets, then yes, it is definitely possible. The problem with this is that the blacklist would ultimately be biased by some at-interest party which might have their own agenda. Then those who do not like them or simply do not implement the blacklist feature could get blacklisted themselves if they accepted Bitcoin from a blacklisted address unknowingly. Even if they knew about it, what could they do to stop it? It is not up to the receiving party to decide whether they receive bitcoins or not-- only the sender gets to decide in this case. Besides, who would be responsible for keeping track of all of the possible scams that could be happening out there? It would also be impossible to keep up with the practically infinite number of addresses that these scammers could create. So while it is possible, it is highly impractical and I do not see such a system ever being used as a trusted method for tracking down stolen bitcoins.
238  Economy / Services / Re: Bounty for someone to accelerate or cancel my unconfirmed transaction on: December 09, 2017, 03:25:34 AM
You can never cancel a bitcoin transaction or/and in any cryptocurrency.
Just use the search engine of this forum and you will find a lot of free services that can help you to accelerate your unconfirmed transactions. You will need to wait and it will confirm soon.

This is not entirely accurate. At one point in time, the nodes decide to stop broadcasting your transaction. I am sure that this time varies depending on the node itself, but around a week is a safe assumption. If after this period of time your transaction has still not been confirmed, it gets dropped and effectively stops existing, at which time you can simply create a new transaction with the same inputs and outputs but with a higher transaction fee so that this time it actually gets confirmed. Of course, if you don't want to wait, you can either choose to pay a transaction accelerator to prioritize your transaction or you can double spend your bitcoin with a higher fee (albeit some wallets will not let you do this).
239  Economy / Services / Re: Need Acceleration for transaction on: December 09, 2017, 03:03:42 AM
In case you don't know, there's a lot of transaction acceleration services here, most of them were free to charge, try it.
already "tried" most of them, none work

At this point with the size of the mempool, the transaction accelerations provided by both the members of the community here taking requests manually and the automated transaction accelerators such as ViaBTC's found online are not going to cut it when competing against people paying much higher transaction fees. I have used both and they were both effective during periods of low network activity. The current recommended fee now, however, is around 250 satoshi/byte, which is a much higher priority than the transactions put through accelerators. You are not going to be able to get your transaction through without either having a very high transaction fee or by paying a transaction accelerator a significant amount of money to cover for the lack of such fee. There is no way around it; best you can do is wait or pay if it is urgent.
240  Economy / Exchanges / Re: Best Exchange For API Trading? on: December 08, 2017, 09:37:29 AM
Most exchanges already have pretty decent APIs. Which exchange do you currently use to trade? I can't speak from actual experience for any other than GDAX. I have worked with both the public and the private GDAX APIs and have had nothing but good experiences. The API is much faster than any other RESTful API I have ever used before. It is even faster than the Google Dev APIs, but this is also kind of to be expected with an exchange where latency in trades can be a real issue resulting in loss of money. Also, if you have any experience in popular languages such as PHP or JavaScript (NodeJS) then you will be glad to know that they already have official libraries for those languages. They are all listed in the reference API page: https://docs.gdax.com/.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 ... 98 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!