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1  Economy / Goods / [WTS] EVENTYR - SKYGGEN - GULD on: September 14, 2014, 07:37:13 PM
I hereby want to sell my HC. Anderson gold coin.
Please see more: http://kgl-moent.dk/shop/eventyr-skyggen-guld-186p.html

Only serious offers.

BTC or USD
2  Economy / Goods / WTB Playstation 4 on: September 14, 2014, 07:13:04 PM
WTB PS4 with games.

Please between 200 - 250 dollars
3  Bitcoin / Bitcoin Discussion / Re: Help me Archive Satoshi's Emails on: June 23, 2014, 12:59:53 AM
Let the man be anonymous.
4  Other / Beginners & Help / Re: A Question from a Novice to an Expert on: June 22, 2014, 10:33:45 PM
Quote from: shorena on June 22, 2014, 09:35:33 PM

The idea is that not the fees increase but that the amount of transactions increase over time because bitcoin gets more and more popular.


Banks are the only treath to Bitcoin's development since Bitcoin runs on the P2P network. It is simple and it is revolutionizing.

I wonder what will be of banks in the next 5 years. And for the sake: what will be of Wall Street?

Anarchy is near.
5  Other / Beginners & Help / Re: A Question from a Novice to an Expert on: June 22, 2014, 09:21:25 PM
Quote from: shorena on June 22, 2014, 07:42:41 PM
Quote from: MX450 on June 22, 2014, 06:05:00 PM
-snip-
1. You can mine blocks for an award and

2. then you can mine to keep transactions going

Thats the same thing.

Quote from: MX450 on June 22, 2014, 06:05:00 PM
My question to experts out there is:

Is there any award linked to "mining" transactions?

My thoughts swarm to bitcoin mining in 3 years or so.

As the award of each block will be halved every year the industry of mining will be unprofitable.

Thus, "mining" transactions could be a profitable alternative.
-snip-
Example: If you have 20000 people each sending a payment to a family member (P2P transaction) someone would have to "mine" those transactions. "Hashing" them from point A to point B.

To set in perspective: Banks around the world use servers to calculate their customer's transactions.

Banks vs. Bitcoin = Servers vs. ASIC machines

Let me quote Satoshi here.[1]

Quote
The steps to run the network are as follows:
1) New transactions are broadcast to all nodes.
2) Each node collects new transactions into a block.
3) Each node works on finding a difficult proof-of-work for its block.
4) When a node finds a proof-of-work, it broadcasts the block to all nodes.
5) Nodes accept the block only if all transactions in it are valid and not already spent.
6) Nodes express their acceptance of the block by working on creating the next block in the
chain, using the hash of the accepted block as the previous hash

The transactions are part of the block. So miners actually get both the block reward and the fees. The blockreward was just implemented to give miners an incentive [2] to start mining.

As you can see here
https://blockchain.info/tx/31d25b6afb97f6f8de3cd57e24ffe1a581c175dbbd0e2332475fc25e7ff8bed4

This newly found block gives an reward of 25.08861653 BTC
25 BTC from the "incentive part" and the rest from fees.

It helps to read the original paper again from time to time, because every few months you understand it better Smiley


[1] https://bitcoin.org/bitcoin.pdf - section 5 Network
[2] https://bitcoin.org/bitcoin.pdf - section 6 Incentive
Very good and detailed answer.

Furthermore, we can ask if the fee of each transaction will double each year as the block award halves each year.

If that's the case we can by the theory mine forever as nothing happened.

But do you know this?
6  Other / Beginners & Help / Re: A Question from a Novice to an Expert on: June 22, 2014, 06:05:00 PM
Quote from: Wusolini on June 22, 2014, 05:47:09 PM
Quote from: MX450 on June 22, 2014, 04:35:15 PM
I would like to call my self a novice since there are several aspects of Bitcoin which I fully do not understand.

The very one aspect that has drawn my attention lately is mining within a pool.

Mining itself is very understandable and I get the idea.

But then come the "ways" of mining in the Bitcoin industry.

1. You can mine blocks for an award and

2. then you can mine to keep transactions going

My question to experts out there is:

Is there any award linked to "mining" transactions?

My thoughts swarm to bitcoin mining in 3 years or so.

As the award of each block will be halved every year the industry of mining will be unprofitable.

Thus, "mining" transactions could be a profitable alternative.

But the question is of course how.

Could you specify what you mean by  "mining transaction" ...Huh... ??

when you mine block (it contains number of transactions) and you get reward (fees of those transaction).


Hey.

Example: If you have 20000 people each sending a payment to a family member (P2P transaction) someone would have to "mine" those transactions. "Hashing" them from point A to point B.

To set in perspective: Banks around the world use servers to calculate their customer's transactions.

Banks vs. Bitcoin = Servers vs. ASIC machines
7  Other / Beginners & Help / A Question from a Novice to an Expert on: June 22, 2014, 04:35:15 PM
I would like to call my self a novice since there are several aspects of Bitcoin which I fully do not understand.

The very one aspect that has drawn my attention lately is mining within a pool.

Mining itself is very understandable and I get the idea.

But then come the "ways" of mining in the Bitcoin industry.

1. You can mine blocks for an award and

2. then you can mine to keep transactions going

My question to experts out there is:

Is there any award linked to "mining" transactions?

My thoughts swarm to bitcoin mining in 3 years or so.

As the award of each block will be halved every year the industry of mining will be unprofitable.

Thus, "mining" transactions could be a profitable alternative.

But the question is of course how.
8  Bitcoin / Mining / Re: Boycott GHASH.IO/CEX.IO permanently on: June 18, 2014, 06:52:19 PM
Quote from: ChuckBuck on June 18, 2014, 05:43:37 PM
Quote from: MX450 on June 18, 2014, 05:25:05 PM
The problem is that no one matches cex.io's service.

Cex.io's totally up to date.

The others are living in the stone age...

What's wrong with BTCGuild?  I've been mining there since December, and it's always up.  If there's any outages or downtime it's for like a couple minutes tops.

Stable as a motherf#cka.

I'm not talking about up or down time but the ease of access to trade or sell giga hashes with bitcoins.

That you physically don't need to have a miner is mindblowing and no other pool seem to copy this idea.

It's all a matter of time when physical mining will be impossible for the individual.

Cloud mining is the future and I think the major pools should addopt it due to 51.

You really need to have a flexible mindset in this business.

P.S. besides for clouds I think BTCGuild is the 2nd best after cex.io/ghash.io.
9  Bitcoin / Mining / Re: Boycott GHASH.IO/CEX.IO permanently on: June 18, 2014, 05:25:05 PM
The problem is that no one matches cex.io's service.

Cex.io's totally up to date.

The others are living in the stone age...
10  Economy / Currency exchange / Re: WTB 0.25 BTC on: June 18, 2014, 05:15:02 PM
*update

WTB 0.1 BTC

Wire
11  Economy / Currency exchange / Re: WTS small amount of BTC so I can buy cigarettes on: June 18, 2014, 05:07:47 PM
Quote from: Altoidnerd on June 18, 2014, 04:08:21 PM
I lost my debit card, and have no cash. I need about $10 tops, but if you wanna sell me more USD that can be done... 

Somebody is gonna have to trust me and do paypal for this one (unless you have a better idea).  Ive been around for a while, have lots of trace online.  Help a brother out.

I can help you out.

PayPal or wire?
12  Economy / Digital goods / Re: [WTT] Agora membership on: June 18, 2014, 08:26:17 AM
preview: http://oi59.tinypic.com/15xc8y.jpg
13  Economy / Reputation / GMX450 on: June 18, 2014, 07:34:24 AM
GMX450 Feedbacks

Post your feedback in this thread.
14  Economy / Digital goods / [WTT] Agora membership on: June 18, 2014, 06:41:16 AM
I'm trading Agora membership for 0.1 BTC.

edit: lifetime membership
edit 2: preview http://oi59.tinypic.com/15xc8y.jpg
15  Local / Skandinavisk / 0.1 BTC on: June 18, 2014, 05:38:34 AM
Hej.

Er der nogen som kan sælge mig 0.1 BTC?

Har kun mulighed for at bruge PayPal eller købe ting for dig på amazon eller lignende.
16  Economy / Currency exchange / Re: WTB 0.25 BTC on: June 18, 2014, 04:14:15 AM
Quote from: ExpressCoin on June 16, 2014, 08:38:58 PM
Hey! I'm from http://expco.in/t9. We can do a paypal trade with you! PM me if you're interested.

Jeff
http://expco.in/t9

Who do you think you are?
17  Economy / Currency exchange / Re: WTB 0.25 BTC on: June 16, 2014, 06:42:33 AM
Quote from: Justin00 on June 15, 2014, 07:54:20 AM
mx450 where you located ?
probs have more luck meeting someon in person... just be careful as alwasys the case when you meet a random in stranger.


btw is your name in relation to juniper mx450 network device ?



Yup Smiley
18  Bitcoin / Bitcoin Discussion / Re: Bitcoin.org on: June 16, 2014, 04:04:28 AM
Quote from: DeathProxy on June 16, 2014, 03:52:03 AM
I think Sirius still owns bitcoin.org and bitcointalk.org. We know that theymos now runs [Suspicious link removed]. It is possible that theymos is also running it now.

I really like your answer, and thanks DeathProxy.

So who is Sirius? And theymos?
19  Bitcoin / Bitcoin Discussion / Bitcoin.org on: June 16, 2014, 03:17:47 AM
I've been speculating about who runs Bitcoin.org

They say nobody is in control of it but... Of course there is!

Who stays behind it all?
20  Economy / Currency exchange / Re: WTB 0.25 BTC on: June 16, 2014, 02:47:21 AM
Thank you all for showing interest in my post.

However, I will only accept from trusted users.
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