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1201  Other / Beginners & Help / Re: Could someone please explain "paper wallet" & "cold storage" please on: February 09, 2014, 04:32:39 PM
A paper wallet is a way to store Bitcoins that involves printing the Bitcoin addresses

If you only get the addresses, the bitcoin will be lost forever lol.


"Cold Wallet" and "Cold Storage" are generic terms that encompass any and all methods of storing bitcoins that keeps the information necessary to access the bitcoins physically separated from the internet.

This can include such concepts as:

  • Paper Wallet
  • Armory offline
  • Electrum offline
  • Offline storage of your Bitcoin-Qt wallet.dat file
  • Brain wallet

A "Paper wallet" involves generating a private key and bitcoin address pair, and then printing out that information on a piece of paper.  The private key is then deleted from the computer where it was generated.  For additional security this is typically done on a computer that has not been connected to the internet.  Frequently the private key and bitcoin address are printed out in both human readable ascii format as well as in QR-Code format for easier use in the future.

It is not enough to just have the bitcoin address, you must also have the private key.  With the bitcoin address you can receive bitcoins, but if you don't have the private key, then you'll never be able to spend them.

DannyHamilton's reply is always informative and helpful. Smiley
1202  Economy / Games and rounds / Re: Giveaway of Bitcoin - guess a number between 1-1000 and Win 0.01bitcoins on: February 09, 2014, 04:30:39 PM
12DxuMLLb3YUif8GFrNMqUnhLo8MxZ1Nxv

369
1203  Other / Beginners & Help / Re: Is a mining rig a fire risk on: February 09, 2014, 04:29:49 PM
Your rig is pulling 4k kw/h what?  Shocked

Isn't it just 4.67 KW/h?  Huh
1204  Other / Beginners & Help / Re: Need help buying bitcoins. I keep failing. on: February 09, 2014, 04:25:13 PM
I wasn't aware this thread was so old, until I read OP wanted to buy $20 bitcoin. Tongue
1205  Other / Beginners & Help / Re: bitcoin transaction on: February 09, 2014, 04:16:48 PM
You are not informed . There is an end for mining! Ask someone else

You must hear that info from an secret source lol Smiley
1206  Other / Beginners & Help / Re: Wallet addresses in signature on: February 09, 2014, 04:15:01 PM
Yes, you can do it.

If someone know your bitcoin address, they could check the tx to and from your address, but they cannot steal bitcoin from it.
1207  Other / Beginners & Help / Re: will the bitcoin reach $1000 one day...? on: February 08, 2014, 11:20:39 AM
It seems to me at the moment that good news only affects BTC's price marginally, whereas bad news really hits the price.

It is always easier for those speculators to panic-sell than panic-buy lol.

When they see the news "Google is considering accepting bitcoin", they will not put a lot of their fiat in bitcoin.
When they see the FUD "Russia banned bitcoin", they could be in panic. Cheesy
1208  Other / Beginners & Help / Re: Hi to all: a question on hyper-threading on: February 08, 2014, 11:17:06 AM
Welcome.

is it better to have a thread working at 100 k/hash or two threads working simultaneously at 50?

It is just the same.
1209  Other / Beginners & Help / Re: http://www.clickbitco.in/ is dead? on: February 08, 2014, 11:14:39 AM
hello, this website will work in the future just be patient


When you are planning to start?

Thank you

I don't think Smileyftw is the site owner...
1210  Other / Beginners & Help / Re: Beginner on: February 08, 2014, 11:10:48 AM
Welcome to the bitcoin world.

Before buying any hardware and hashrate, please check your mining profitability.
http://bitcoinwisdom.com/bitcoin/calculator and https://cex.io/calc

Make sure you understand how difficulty adjusts itself every 2016, and its effect on your profitability.

In the past, there was a terrible delivery delays for every BFL pre-order units (from months to 1+ year).
1211  Other / Beginners & Help / Re: New Here on: February 08, 2014, 11:08:10 AM
Welcome.

Just a friendly reminder, you are very likely mining at loss (after hardware cost and electricity cost) with your hardware now.
But if you are having fun, just go ahead. Smiley
1212  Other / Beginners & Help / Re: Merging Wallets on: February 08, 2014, 11:04:43 AM
The easiest way would be to export the private keys of one wallet and import them to another.

Which wallet are you using now? Bitcoin-qt? Multibit? Electrum?
1213  Other / Beginners & Help / Re: how are you promoted from newbie to jr? on: February 08, 2014, 10:41:25 AM
Wait... Im still a newbie  Shocked

Not anymore Smiley
You now have 32 activity.  Smiley
1214  Economy / Games and rounds / Re: Giveaway of Bitcoin - guess a number between 1-1000 and Win 0.01bitcoins on: February 08, 2014, 10:30:33 AM
12DxuMLLb3YUif8GFrNMqUnhLo8MxZ1Nxv

923
1215  Other / Off-topic / Re: 0.4 BTC stolen by hacker - please return them on: February 08, 2014, 12:43:32 AM
OP, sorry to hear your loss.
Well, at least you now find the bug and fix it.  Cheesy
1216  Other / Beginners & Help / Re: Multi Faucet Coin for Beginer on: February 08, 2014, 12:37:57 AM
Another post just to show your referral link http://qoinpro.com  Angry
1217  Other / Beginners & Help / Re: Anyone want to mine litecoinon my account? on: February 08, 2014, 12:31:41 AM
well simple put, i'd make a miner for you from my account in a litecoin pool, then send you the necessary software to mine with depending on if you'd be mining with your cpu or gpu, then all you'd have to do then is mine and you'd be earning litecoins much quicker than if you were mining alone

So, you want us to point our hashrate to your account, right?
How would I earn LTC much quicker then?

anyways because it's a mining network all pointing to one account the combined hash rate will be greater than what you would be getting by mining in the pool alone, so you'd earn ltcs much quicker

hmm so you're saying it would be better to mine solo with all hose computers on the network?

I have never asked anyone to do solo-mining.
Indeed, I am comparing "each person do pool-mining themselves" and "everyone direct their hashrate to your account to do pool-mining as one entity".

I am telling you the expected revenue will be the same, but the variance will be just a little bit lower.


Of course, the expected revenue for solo-mining will still be the same, but the variance will be so huge that you could probably never receive anything for weeks.
1218  Bitcoin / Bitcoin Technical Support / Re: My btc has never received by my windows wallet -- please, help me on: February 08, 2014, 12:24:00 AM
But, I have downloaded over 16.3 GB , and now my wallet shows a green tick mark ....nd it says up to date
Try to do a -rescan then.

how can I do ?

Do I need to re-download blockchain ??

No need to re-download the blockchain.
You can just start your bitcoin-qt with the argument -rescan.

If you are using Linux, use "./Bitcoin-Qt -rescan"
If you are using Windows, make a shortcut for your bitcoin-qt.exe and append " -rescan" to the end of the target field.
1219  Other / Off-topic / Re: Todays price drop of BTC on: February 08, 2014, 12:08:04 AM
Its good for buyers and bad for sellers
And what about hodlers?

We're unaffected. It's a stress free life. We don't sweat the short term  Grin.

On the other hand, it is a really tough day for the speculators Cheesy.
1220  Other / Off-topic / Re: STUPID PEOPLE ABOUT SPAM on: February 07, 2014, 11:45:51 PM
IMHO, your post is a spam  Smiley
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