I have a property that I was thinking of putting up for sale and to only accept BTC.

Its a three double bed next to the new Chinese business quarter in London Docklands. Next to the Thames river and there is a new super fast train service that crosses London and we have a station nearby all of which is due for completion in the next year or so.

http://www.london.gov.uk/media/mayor-press-releases/2013/05/mayor-announces-1bn-deal-to-transform-royal-albert-dock-into

http://www.crossrail.co.uk/benefits/#

750 BTC. Just think that wouldn't have got you a pizza 2 years ago.

Using the funds to buy some bitcoin Neptune mining gear.

Its as secure as the owner is. But remember, if you don't control the keys, you don't control the bitcoin.

Blockchain.info is a much better wallet because you get to keep control of your keys

I am not sure what you are looking for but this my help you out. http://www.wheretomine.com/

Because mathematically you need to know the prior block hash before you can compute the next one.

And unless you have > 50% of the total network hash rate, then you can't permanently compute the next hash faster than the network can.

Note you can with declining probability P (< 1) compute the next hash faster than the network with less than 50% of the hash rate. Since probability is multiplicative, then doing this for two consecutive blocks is P x P, e.g. 0.1 x 0.1 = 0.01 so from 1 in 10 for one block rises to 1 in 100 chance for two blocks. Ditto for N consecutive blocks, e.g. for four blocks then 0.1 x 0.1 x 0.1 x 0.1 = 1 in 10,000 chance.

When it comes to transferring bitcoins the yes bitcoin is superior to everything. If you want to convert those bitcoins to fiat then things become a little more complicated.

I think the way you are going about this is going to end up costing you money. Are you really going to invest your money based on what random people on the internet tell you? Investors that just throw money at something they know nothing about generally lose that money. Just look at all the newbies that spent thousands of dollars on mining equipment only to discover that they will never make a profit.

Learn about the industry first, then think about what to invest in.


This is what I'm talking about. You are ready to throw money at bitcoin mining without even knowing if you will ever even get it back. Then you go and listen to some yahoo that says "mining is dead". You don't understand what he means and I suspect he doesn't either. Mining is not dead. There is more computing power devoted to mining bitcoins than anything else on this planet. It is certainly not dead. Can you make money mining? Probably not, especially because you don't know anything about it.

NO NO NO.
You are getting it all wrong.  Do NOT buy from coinbase, PLEASE.  They are turning into a dictatorship.
If you buy coins at a low price, and the price jumps up, coinbase will rape your money with an excuse of "high risk transaction".  If you don't believe me, look at the dozens of other members' complaints.

I'd suggest localbitcoins, and this


Localbitcoins seems pretty good but the prices are high.

What is the process for buying bitcoins on here?  I am looking to purchase two bitcoins.

What are some ways that the system for buying and selling bitcoins could be made easier and more safe from being ripped off?  Seems like improving this area could you really get a lot more people willing to try bitcoin.  I am new to this so I don't know the answer but I think about it a lot.

Most Bitcoin transactions have fees, people mainly use it for investments or gambling. If you do not participate in any of those, use something with no fees.

Definitively not share in a mining coop, you wont mine as much Bitcoins as you pay for the share in a mining coop (you can buy the shares only with Bitcoins)

If you buy the mining equipment with USD, you might be in profit depending of the price. Use mining calculators to find out