I would like to know too,.
I don't think it's possible  " the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. " If you were running a full node and a TX that is broadcast by that address was broadcast directly to you node then you would know their IP address. If the person wasn't running a client but withdrew from an exchange or gambling sites or online wallets, you will only know their IP.The worst case is that the person ran their bitcoin client behind Tor. |
|
|
|
Your mining rewards does not depend fully on the pool, you will get more payout frequency but smaller payouts per block in pools that are bigger(With more hashrates) while you get lesser payout frequency and higher payouts per block in smaller pools(Lesser hashrates). In the long run, both make the same amount.
The pool you use does slightly affect your mining profit. Your expected mining profit depends on the pool fee, the presence of merged mining and profit-switching features. Your actual mining profit depends on the pool luck. It doesn't depend much on the pool luck since it will eventually even out, if you mine at least 6 months. Other than fees, merged mining and profit switching, there isn't much affecting a mining pool. |
|
|
|
Hello! so me and my 2 brothers and a friend are going to put our computers together and but tons of bitcoin mining Equipment!
now, we're kinda new to this and we're not really sure what to buy :/
we're aimming to go 5TH/S +++ Power cost is not a problem. belive it or not but we do have our own build power station haha. but anyway, please give us tips on what to buy!!
Impossible to even reach GH mark on the fastest GPU, even ASICs have problems with ROIs. The difficulty would increase too fast for your ASIC to gain a lot of profit. Why don't you try to buy some bitcoin? |
|
|
|
There is nothing called "safest".
Any wallet can still be hacked or cracked, it depends on how vulnerable your mind is.
Still, some are more vulnerable than the others. For example, blockchain.info is better than coinbase, as you don't need to worry about the site vanishing. Similarly, offline wallets (created correctly) are better than online wallets, as you don't need to worry about keylogger and hacking. Offline wallet isn't 100% foolproof. Yes, they are more secure than any other method. But, if the device that generated the offline wallet have problems with the RNG like what happened to android last time, you can also be hacked. It may not happen but you still have to pay attention to the bitcoin news and move your bitcoin if your wallet had vulnerabilities. |
|
|
|
|
1) Yes, they have to verify that you are legitimate user.
2) Nope, its only your first withdrawal
3) Based on my experiences, no. However, you have to becareful not to hit the daily limit.
|
|
|
|
Hey there, new to the whole crypto deal! Seems to be a fair bit of helpful info here, been lurking for a few weeks. Anyways-
In short, I'm looking to get into the bitcoin and mining deal (Also looking into forging NXT coins too, but this isn't the place for that) . I have absolutely no idea whether or not it's worth my time, where I should pool, and what I should use to mine. I'm looking to purchase about 5 of the Antminer U2 USB miners and just have them run 24/7 (I will OC them from 2.0 GH/s to 2.4 GH/s, and equate to a total of 12 GH/s). These will cost me about $71, a powered USB strip (nice brand) about $40-$50, and the energy and PC is free (I have my own personal gaming rig, good components but I refuse to GPU mine). My hope for this is that I can make about $3-$10 a day depending on the pool I join (A guesstimation, I have no idea if I'll make anywhere above or below that). Problem is, this is all 100% new stuff to me. I've had my eye on Bitcoin mining for a few months now and I finally have decided to get a little serious about it. I'm a little confused about all this currency and program has to offer and would like for someone to explain to me how I can begin using this seemingly great service. Thanks in advance! I'm open to all suggestions, but I don't want your advertising about your all-powerful mining pool and why it's the best. Just a newbie looking for some help. I'll take pool suggestions of course but I would like an explanation on why I should join it, don't just drop a link and leave. I'm a pretty techy person so understanding isn't a hard thing at all, I just need seasoned guidance to start.
Your mining rewards does not depend fully on the pool, you will get more payout frequency but smaller payouts per block in pools that are bigger(With more hashrates) while you get lesser payout frequency and higher payouts per block in smaller pools(Lesser hashrates). In the long run, both make the same amount. It isn't really a good idea to buy those USB miners, they are quite over priced and you also have to consider about the heat generated. It is impossible to ROI depending on the rate of difficulty increase. As more ASIC miners are shipped, the difficulty will increase very fast. |
|
|
|
Thanks. I started syncing and looked in my ~/.bitcoin/blocks directory and can see a load of blk00xxx.dat files being generated. Each one is 134.2MB and I was thinking that the client will use those once it's fully synced.
Currently about half way through sync and I will delete bootstrap.dat once it's finished.
BTW, Is it a good idea to leave bitcoin-qt running permanently as a node to help the bitcoin network when I'm not using it?
If you keep your computer on for 24 hours, it can be a good idea to be a full node. However, if you are only using it for a few hours per day, it will not be a good idea to run a full node. The network needs full nodes that are reliable and achieve more than 99% uptime. |
|
|
|
|
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.
|
|
|
|
|
Enrolling,
Current post: 117
Bitcoin Address: 192fqgb5aCKrjNkudGqSWR6Nuu4J8tEMB7
|
|
|
|
|
The signature is too big for Jr members and newbies.
|
|
|
|
Why is this thread so long?
Martingale really works. But, just like any method it works for against time, the longer you play the more likely you are to lose!
Mainly because of the house edge and a little luck (maybe). I played on PD with high risk martingale before. It worked well for 5 hours and out of nowhere, it suddenly have a long streak of reds. |
|
|
|
|
Would you mind if you could open source it? More people would trust it if you open source it.
|
|
|
|
The owner will never go bankrupt if the house edge exist. House edge prevents the owner from falling into the negative range most of the time.
In that case you will need a big bankroll to prevent that . Correct, most/all of the casinos have a very big bankroll. |
|
|
|
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. |
|
|
|
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. I don't think VPS providers care if you are mining or not as long as you are not breaking the law and as long as you are paying them. It does not affect other people's resources as you are leasing a specific instance. Are you sure? The resources are shared among other users, their speed will degrade significantly if I take up 100% of the CPU. Even if I am not affecting them, I am damaging the CPU by shortening the lifespan. I don't think the VPS provider would want to spend more money and fix the CPU. |
|
|
|
|
The owner will never go bankrupt if the house edge exist. House edge prevents the owner from falling into the negative range most of the time.
|
|
|
|
|
I believe the anti virus actually searches some signatures of the virus. The blocks mined might contain the signature of that virus since the encryption used is sha256. Just a wild guess though, please correct me if I am wrong.
|
|
|
|
OP, if you can make 10 constructive posts a week, try to work a little bit harder to get 2 constructive posts a day (60 posts a month). If you can only make 10 posts (partly constructive, partly not) a week, you should check hilariousandco's post history and learn from it lol.  I agree, I hardly (if not none) see any post that are not constructive from hilariousandco. I wonder how does he does that. |
|
|
|
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. |
|
|
|
|
Ghash.io have already hit 51% now. Time for all those attacks.
|
|
|
|
|
Show Posts
