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Do you generate it online or offline? If you have to generate it online, there is a possibility of it getting hacked since you have an internet connection. You can call it super secure if you generate it offline. However, it is less secure if you generate it online.
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mining is not profitable (wich service or miner is?). But mining+trading it is
You cannot be certain about how the price will rise and drop. There is still risk involved. |
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cex.io best at cloudmining even though it has a higher price you can sell your ghs at any time (those 1 year contract from other cloudmining sites seems a very stupid idea for me). And it also mines NMC, DVC, IXC
1) The price may be decreasing at a fast rate anytime soon, depending on the rate of difficulty increase 2) You don't earn too much from those merged mining 3) The maintenance fees are very high. |
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A clever person would use coin mixing services to hide the stolen coins. That is what I am suspecting anyway. |
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Virwox has very high fees. And if you are a first time user, I don't think you can even pay for $100 worth of bitcoin if you wanted to. I never bothered with that site...
You don't have to go through all that AML/KYC verification which takes alot of time. For newbies, they would want to buy around $10 to test bitcoin, no matter how much is the fees, I believe most newbies would rather use their existing paypal to pay for BTC and not verify ID and wait for a few days before buying it. |
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Ok so aside from the ongoing discussion,
Mining is not profitable unless you can pick up GH/s for REALLY cheap. Don't bother mining BTC, just go and mine some alts with the GPU in your computer. Far more profitable.
Make sure to find a semi-new coin with a large community, however, to lessen the likelihood that it's pump-n-dump.
There's a lot of alt mining going on nowadays, so you might as well jump on the bandwagon.
Some Alts already have ASICs developed for them, it may not be at all profitable if the price is not stable, the best is to use multipool and mine ASIC resistant coins. No one knows if the price will suddenly crash. The best is to buy BTC directly, you have to consider about the stability of the coin, electrical cost, hardware cost and time taken to setup. |
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Using a VPS for mining would be best on Brand New Coin launches. Since the diff will be low and you can deploy the instance rather quickly you should be able to rack out some coins pretty fast.
Sustained mining on a VPS is not really a good idea, you will either break even or loose your shirt.
The new coin might just be a pump and dump coin, most of the coin value would be very low. Your VPS provider will most probably terminate your VPS for taking too much resource. They would probably not terminate your current instances if you are current on your payments. They want more of their resources to be used. They may however limit your ability to use additional resources. Mine was terminated within 8hours of CPU usage of more than 80%. They would do this since you are affecting other people's resources. Mining is also against the TOS of a lot of vps providers. Isn't everyone's CPU resources separate from everyone elses when you have a VPS? Read: http://en.m.wikipedia.org/wiki/Virtual_private_server. It is still running on the same hardware node. The CPU will eventually be damaged after long hours of 100% CPU use. Unless you use dedicated server, they will block you to mine on VPS. If you are leasing a certain amount of HDD space, RAM and processing power there isn't any reason not to be able to use all of what you are leasing. That is kind of like saying that you lease 100 GB of HDD space and you get kicked off because you used up 95 GB of storage You are still sharing the CPU resources. You cannot peg the CPU at 100%. HDD and CPU is different if you use all your HDD, no one would care since it doesn't degrade their performance. However, if you are sharing a whole CPU and you get 1 core while the others get 1, and you use up 100% of that, their performance is still degraded. I have not looked into the TOS of VPS services that closely. I understand what you are saying that using up all of that core may degrade the rest of the CPU. What my point is that I fell that there is no reason why you shouldn't be able to use 100% of the resources that you are paying for. My agreement with the VPS provider is that I pay $x per hour for the use of "y" resources, if my usage for my "y" resources make it so others cannot use their service to their satisfaction then either their service is not appropriately priced or their setup is incorrect (using/leasing too high a percentage of total resources available). Generally, VPS aren't designed to host programs that uses too much CPU. I believe that your VPS provider should be able to detect the program that pegs too much CPU. It is pretty unfair to degrade other people performance for your own benefit. Especially when everyone is paying such a cheap price and you are using more percentage than others. VPS are in a shared CPU environment, you only get your own HDD, RAM and brandwidth, your CPU is shared among some others. Get a dedicated server if you need to mine. |
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Best option would be using a local trusted exchange, if you have this option in your country. You can ask for reliable local exchanges in the subforum of your language, if you are not from an english-speaking country, or maybe here, if your language is english but your home is not UK or USA.
Or find some friend with bitcoin, but unlikely, since bitcoin still is underground.
Exchanges will not allow you to buy the same day. Here I can transfer or deposit money from a local bank account, then send the deposit's information and they put the money deposited minus fees on my account. Usually happens in the same business day, if I make deposit and send confirmation before noon. Don't know how things are in USA and in other parts of the world. You might need to verify ID, but at least here it quick, and there is at least one exchange that lets you make cash deposits without veryfiying, but with low daily limit, and with no direct bank transfer. What I was saying is that exchanges will make you wait several days after you send them funds while they wait for the funds to clear If you use virwox, you don't need to verify your documents and you can transfer using PayPal instantly. That only applies to PayPal though. They let you transfer money to them using paypal? How do they prevent themselves from getting scammed? They are first converted from the money to SLL, they can prove that the user actually recieved the SLL that was brought. They are established business with their own merchant account. They do not only sell bitcoin and they also have higher fees and lower limits. |
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I can tell, there is something terribly wrong with you close-minded people. I've bet you dont even know me spoiled brats.
I am not closed minded. I would be willing to loan $400 with of btc for $444 worth of btc paid back within 60 hours. Sir, If you google me, You'll find me everywhere on almost all forums. I don't believe you can't find another guy who is trusted on other forums and use his nickname here. |
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I was minning on BTC Guild the address they used was from my wallet was: 1KUa5crBP8mJRu9Bhq8iWvS4iQbfyWUEEo Looks like they spent my bitcoins I believe they were from Switzerland maybe. Transaction View information about a bitcoin transaction a80a666ee19be52c8b005ad89274d2f762655ee4ca9da7899f6d94b1bfe86734 1KUa5crBP8mJRu9Bhq8iWvS4iQbfyWUEEo (0.01 BTC - Output) 1KUa5crBP8mJRu9Bhq8iWvS4iQbfyWUEEo (0.27 BTC - Output) 1KUa5crBP8mJRu9Bhq8iWvS4iQbfyWUEEo (0.01 BTC - Output) 1KUa5crBP8mJRu9Bhq8iWvS4iQbfyWUEEo (0.01 BTC - Output) 1CpS5ik4WxtwdWHYxJaWWj2axswoabwgHs (0.49660874 BTC - Output) ------- 1ME9sErsy44Hfk2Jh6GGucbMpKM2NYgnUq - (Spent) 1.07595932 BTC 1CpS5ik4WxtwdWHYxJaWWj2axswoabwgHs (0.04513143 BTC - Output) 1CpS5ik4WxtwdWHYxJaWWj2axswoabwgHs (0.23461915 BTC - Output) 1.07595932 BTC Summary Size 1079 (bytes) Received Time 2014-06-10 21:36:23 Included In Blocks 305169 (2014-06-10 21:39:39 +3 minutes) Confirmations 1060 Confirmations Relayed by IP 74.71.81.112 (whois) Visualize View Tree Chart Inputs and Outputs Total Input 1.07635932 BTC Total Output 1.07595932 BTC Fees 0.0004 BTC Estimated BTC Transacted 1.07595932 BTC Scripts Hide scripts & coinbase Transaction Visualization a80a666ee19be52c8b005ad89274d2f762655ee4ca9da7899f6d94b1bfe86734 https://blockchain.info/tree/582140551ME9sErsy44Hfk2Jh6GGucbMpKM2NYgnUq 1.07595932 BTC origin 1.07595932 BTC 74.71.81.112 USA to address 1ME9sErsy44Hfk2Jh6GGucbMpKM2NYgnUq 46.28.204.51 Switzerland Not accurate, a person in US can connect to a Switzerland node and a person from Taiwan can connect to a Switzerland node. There isn't much accuracy. |
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I don't think either of the signature campaigns operator would want to see two paid signature in one signature space.
MinerSource allows other signatures. To Join:
1. Put the code below in your profile signature, other signatures are alowed
2. Post on this topic with your BTC addy and your current forum post count
4. Write 50 posts within a month to claim, our signature must be displayed for the full 30 days.
5. If you want to continue for another month, simply make another post 30 days later
6. All participants will also receive a $5 Gift card to our Store, on top of the BTC.
Also I do not see prohibition of other signatures in lightlord's signature campaign Does 777coin allow? Edit: You might want to verify with him, he may not want anyone else's paid signature at the same space. |
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Lots of good info that keeps coming in, I appreciate it people!
Now, as for what you just calculated for the USB miners profit, let's I buy that rocketbox miner that goes for $85 and mines at roughly 34 GH/s (obviously a better choice than the 5 USB ASIC's. Would I see a better return?
Is any form of mining even worth getting into at this point in time? Do you have any suggestions?
I used a calculator and set the difficulty increase rate to very low. Even so, you need at least 103 days to ROI, your electrical cost may be higher and the difficulty might increase faster, there's a lot of factors to consider about. It would be better to use the money to buy some bitcoin. |
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Next time better update first.
He is already at the latest version. There is a signature that matches a certain virus's signature. It is only false positive. |
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if all the btc games provably fair.
two things proove you wrong; one is that a hause allways has house edge, and second, and more important is human greed. Those of you who gamble will know how hard it is to resist sometimes. And variance, you cannot always have one win every two bets on 2x. |
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Best option would be using a local trusted exchange, if you have this option in your country. You can ask for reliable local exchanges in the subforum of your language, if you are not from an english-speaking country, or maybe here, if your language is english but your home is not UK or USA.
Or find some friend with bitcoin, but unlikely, since bitcoin still is underground.
Exchanges will not allow you to buy the same day. Here I can transfer or deposit money from a local bank account, then send the deposit's information and they put the money deposited minus fees on my account. Usually happens in the same business day, if I make deposit and send confirmation before noon. Don't know how things are in USA and in other parts of the world. You might need to verify ID, but at least here it quick, and there is at least one exchange that lets you make cash deposits without veryfiying, but with low daily limit, and with no direct bank transfer. What I was saying is that exchanges will make you wait several days after you send them funds while they wait for the funds to clear If you use virwox, you don't need to verify your documents and you can transfer using PayPal instantly. That only applies to PayPal though. |
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after 35 hr wait, my 1st withdrawal got processed!  now i'm waiting on the 2nd one to get processed..Should I cancel the 2nd one and redo it again for it to get automatically processed or leave it as is? I wouldn't suggest you use that exchange. IMO, it's fees are a bit too high, and paypal and bitcoins don't really mix. I would suggest you just have a look in the currency exchange section of this forum. The fact that it doesn't require any document for AML/KYC is a huge pro for most of the users.  |
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It is near impossible to ROI, the price per GHs have dropped from 0.1 to 0.007 within 1 year, you would need much more time to ROI. Also, their maintenance fees are very high, the difficulty is also rising quickly, you cannot predict how high it can rise. It is rising faster than your earnings.
lol no, it started out at like 0.4 BTC. Went down to 0.15 - 0.2 BTC in the first few days. But currently the price is a bit too high IMO to buy, I bought at 0.0073 BTC, mined for a while, and then sold at 0.0075 BC. Oh boy, made a huge profit, I bought a couple hundred GHS. Well, if you actually leave it there for a year, the price should drop. Then, it shouldn't be able to ROI. |
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Just want to ask which wallet is the safest to store my BTC on? Any suggestions, please. BLOCKCHAIN!!!! its the best and fastest btc wallet online !! You can still get infected by a malware which can collect your blockchain.info password, best is to use an offline cold storage. |
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Using a VPS for mining would be best on Brand New Coin launches. Since the diff will be low and you can deploy the instance rather quickly you should be able to rack out some coins pretty fast.
Sustained mining on a VPS is not really a good idea, you will either break even or loose your shirt.
The new coin might just be a pump and dump coin, most of the coin value would be very low. Your VPS provider will most probably terminate your VPS for taking too much resource. They would probably not terminate your current instances if you are current on your payments. They want more of their resources to be used. They may however limit your ability to use additional resources. Mine was terminated within 8hours of CPU usage of more than 80%. They would do this since you are affecting other people's resources. Mining is also against the TOS of a lot of vps providers. Isn't everyone's CPU resources separate from everyone elses when you have a VPS? Read: http://en.m.wikipedia.org/wiki/Virtual_private_server. It is still running on the same hardware node. The CPU will eventually be damaged after long hours of 100% CPU use. Unless you use dedicated server, they will block you to mine on VPS. If you are leasing a certain amount of HDD space, RAM and processing power there isn't any reason not to be able to use all of what you are leasing. That is kind of like saying that you lease 100 GB of HDD space and you get kicked off because you used up 95 GB of storage You are still sharing the CPU resources. You cannot peg the CPU at 100%. HDD and CPU is different if you use all your HDD, no one would care since it doesn't degrade their performance. However, if you are sharing a whole CPU and you get 1 core while the others get 1, and you use up 100% of that, their performance is still degraded. |
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It depends on the age of the coin. (Number of days it have not been moved)
Amount. (Transactions below 0.01 is considered as low priority)
Size of transactions ( it also depends on how big your transaction size is for example, it have many inputs or outputs, then you will have to pay a higher transaction fees as the size is bigger)
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