Here is your equation
1 mBTC= 0.001BTC
1 uBTC = 0.000001BTC
How about in Satoshis? 1 μBTC = 100 satoshi 1 mBTC = 100,000 satoshi 1 BTC = 100,000,000 satoshi |
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There is no "actual price" for bitcoin, as different places are providing different services and charging different fees.
Some allow you to buy anonymously, some are more trusted, some accept payments that may be chargeback, some have a lower buy limit, etc.
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Haven't heard about this cloudmining site. I just checked its bitcoin mining plans, and it charges you $0.08 per GH/s per week, which means you will never receive any mining revenue.  |
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Thats why i split my coins on different wallets in case
And what wallets is that? you can use different online wallets like coinbase, blockchain and ofc Bitcoin Client etc.. If there is a malware in your pc, your bitcoin on your Coinbase, blockchain.info, Bitcoin Core wallet could all be gone. So it is better to store bitcoin in an offline wallet. |
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You are welcome. Since you joined bitcointalk in Sept 20, you would be able to get to the jr member rank as soon as Oct 14. BTW, thanks mod for moving the thread. |
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Guys, if someone asks me, where is the best place for a newbie to learn more about bitcoin? Bitcointalk not included. Trolls might discourage the newbie.
No one mentioned https://bitcoinhelp.net/ yet in this thread, so I will be the first one. It offers some good articles and links some youtube for newbies to understand bitcoin. |
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Well I just learned that bitcoin wallets used a first letter in there tags im sure bitcoins is a number but litecoin starts with an L and i know Name coins start with an N but since my coin is like litecoin it starts with an L. I think I am correct but not 100% sure If you want to create litecoin paper wallets, you can use https://liteaddress.org/It is like the ltc version of the bitaddress site. |
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Well, next question then, based on the previous response.
What is offchain? I am using blockchain.info wallet, and I think it's online all the time. ^frown^
Offchain transactions are transactions that are not processed and recorded in the bitcoin blocks. For example, you can send bitcoin from your Coinbase account to my Coinbase account. There will be no public bitcoin transaction going through but just only a record on the Coinbase's internal database. |
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Some additional info here, even if you have some trusted positive feedback, you may not have a green trust score.
For example, hilariousandco has a trusted positive feedback but has a black trust score 0: -0 / +1(1)
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TammyChan  |
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TammyChan |
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TammyChan |
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Judging from the list, I should be the 93rd person here. 1BbGtHuFBmtwvz3X5yJsdhHEzC3wwAqdFa |
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TammyChan |
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Hmm we have 1/16 chance to get 2x, 1/16^2 chance to get 10x, 1/16^3 chance to get 100x, 1/16^4 chance to get 500x, 1/16^5 chance to get 1000x and otherwise get 0.5x, am I right?
And from my calculation, that will make the house edge at 33.6%.
I was too lazy to do the math but my first intention was that the house edge might be a bit huge. And yea you showed it^^ Do you consider 50% refund ? Other game like dice lose 100%, this game you still got 50% refund even you lose. Think about it ! Yup, I have considered it already in the calculation. 1/16 * 2 + 1/16^2 * 10 + 1/16^3 * 100 + 1/16^4 * 500 + 1/16^5 * 1000 + (1-1/16-1/16^2-1/16^3-1/16^4-1/16^5) * 0.5 = 0.6637263298 So I can expect to get back 66.4% of my bet size (before tx fee), and expect to lose 33.6%. |
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Received the payment. Please sign me up again. Posts: 610 Bitcoin address: 1BbGtHuFBmtwvz3X5yJsdhHEzC3wwAqdFa |
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it was -35BTC the other day. now it's above water. check back in a few days it should be +35BTC
I've been collecting stats each morning: bets B L invested B L profit B L wagered B L
------------------- ------------------------------ --------------------------- -------------------------------
Mon Aug 25 10:10:05 PDT 2014 B 92474 2644242 I 91.23318102 2238.47739259 P 3.85777050 53.88309915 W 88.91063434 689.14192050
Tue Aug 26 09:44:42 PDT 2014 B 111029 2644446 I 155.09449948 5238.49082651 P 5.54970346 63.60343254 W 1089.08008772 728.95196120
Wed Aug 27 11:08:25 PDT 2014 B 129962 2738558 I 218.52571026 5236.70357660 P -34.06540937 61.81618263 W 1394.30963653 760.72617236
Thu Aug 28 14:41:56 PDT 2014 B 137470 3575036 I 220.01026861 5236.24813698 P -33.37009117 61.93179352 W 1401.35065182 770.41331215
Fri Aug 29 10:35:49 PDT 2014 B 150859 3615380 I 218.76343417 5226.73178913 P -33.91920695 63.36149265 W 1407.06488711 848.17529004
Sat Aug 30 08:44:37 PDT 2014 B 171986 3617557 I 219.95797796 10244.51537888 P -33.49667634 69.12705785 W 1409.37925390 862.27978065
Sun Aug 31 07:30:47 PDT 2014 B 183732 3640655 I 241.74890428 10232.76720154 P -10.12954465 70.42379832 W 2108.77531366 870.19676137
Mon Sep 1 07:37:17 PDT 2014 B 258548 3712247 I 265.77224920 10231.30273647 P 1.29410226 100.77047506 W 2294.46132516 1361.44285924 Hmmm there were 74816 bitcoin bets made in the previous day, and the total wagered amount is just 185 btc?!  It looks like someone was trying to make a lot of spamming bets. |
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This site is a SCAM!!!
Would you mind sharing the details of your experience on the site? |
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what happened with the wallet they "found" did they give these funds to the users that lost their money there?
Not yet, the whole bankruptcy process takes a very long time. The mtgox users can file their claims until May 2015 and the investigation will be in Sept 2015. http://www.mtgox.com/img/pdf/20140728_announcement.pdfWho knows how long it will take for the users to get part of their bitcoin back... |
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