You said put it in the cloud? Any guides on how to do that? Keep in mind I am brand new and still learning
Not cloud - cold storage. Essentially you're putting the coins somewhere that they are able to be accessed from the internet regularly. This way they can only be destroyed in your house or stolen if somebody breaks in. Armory has a very simple to follow step-by-step procedure for cold storage. It might be a little over the top for $50, but it is definitely secure, especially with an M of N paper wallet: https://bitcoinarmory.com/about/using-our-wallet/Armory definitely is great and very secure, especially for setting up a fragmented m-of-n wallet. But for $50, a paper wallet generated with bitaddress (when your computer is disconnected with internet) should be good enough.  For me, Armory was quite hard to start... For first month of playing with BTC, I'd go with simple blockchain.info wallet. Armory is overkill if all you have is play money. If you have a week of income or more in BTC I would secure it in a cold wallet. A small amount can be kept in an online wallet and if it gets hacked it's not such a terrible loss - it's the price to be paid for convenience. There's nothing that says you can't have 2 wallets. Most people have more than 2 places they store money - cookie jar, bank, wallet, car glove box, under the mattress lol |
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Just stop. Rotation? Best faucet? That's like asking what's the best dumpster to find donuts or pizza in? Why are you guys promoting people to waste their time? Faucets make money for the owner of the faucet (which is not a bad thing) but it doesn't generate any income for the receiver (probably uses more electricity to run the computer than you get in dust). Did you see the above post about $0.03 after 16 hours of faucet work? How can there be a best in that?   |
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Notice how we haven't seen a single post from any people of Muslim faith coming in here and condemning this behavior. A few posters are criticizing others for judging everybody based on the actions of a rowdy crowd, but nobody has condemned the act. Does it say somewhere in the book that you cannot speak ill of others of the faith?
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Well I said in the IRS thread the most egregious offense in the Obama administration is the use of a government body to attack it's own citizens. Since Senators are borderline civilians I guess we could feign a little outrage. It needs to be clamped down and have some limitations set - I think Congress/Senate will only exempt themselves, however, just like they did with the ACA.
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Lol comparing extremist groups and trying to find something in common. Why not compare the LGBT fanatics versus the radical Muslims who want to kill people for being gay. You think either of them would tolerate the other? They both align into radical groups and I'm sure the LGBT group would be happy to bear arms against radical Muslims. You think LGBT would support Hamas? Since LGBT isn't exactly friends with the Tea Party...
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And yet it's still more dangerous to cross some streets in Chicago in them middle of the night than it is out there in Texas. But urban gang violence just isn't "fun" to report on.
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I'm not sure why you posted this in mining speculation.
Nobody will utilize small players as an exchange. Your neighbor Coinbase is a HUGE BTC company and a lot of Bitcoin users still don't like them or trust them.
I would develop services that use BTC as payment, avoid fiat altogether so you don't have to deal with the mountains of paperwork as a money exchanger.
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DrG the only frustrating part is for medium sized players like us who invested heavily in this space to see we are competing with the same people who are supplying us with the hard ware..
How the hell does one compete with the manufacturer of the very same product they sell you?
Defeats the purpose.. I mean I get it from a business stand point it makes sense - I asked myself the same question - Even stated it to investors - What is the sense in them selling me hardware which they can use themselves - the hardware literally 'makes' money. Obviously if they sell it to themselves at wholesale and line off warehouses with Peta hashes it makes sense logistically.
But using smaller players money to fund the seed project to then compete against the very same people leaves the distinct taste of ass in my mouth.
If I feel frustrated at an enterprise level god knows how the kid who saved up all his pennies for years to buy a single BitFury or a Terraminer feels earning peanuts per day (While he lies to his mum that the influx in electricity is not him)
Oh I agree with you 100%. But that's the nature of free market and Bitcoin is not regulated - everybody is free to do as they wish. If the senior members issue warnings and the new users want to keep dumping their fiat... let them. There's nothing an enthusiast can do. Either 10 enthusiasts need to pool together and get an ASIC developed themselves or they just need to quit mining. After my abuse by BFL I decided to avoid Bitcoin mining - I kept 1/3 of my GPU farm for the altcoins to keep myself interested. I guess I missed out on a few money makers like the S1s, but overall I am glad I have not been scammed and haven't supported these crooks. |
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What's up with all these newbies posting this silly questions and then not coming back on for 2+ days? It's hit and run posting. He hasn't been on, or logged in at least, since he posted about his power. The new forums should have a feature to mark a thread dead.
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The benefit of cloud mining is avoiding all the headaches of dealing with hardware. The downside is that you're adding another variable into your mining success. You're relying on the mining cloud or contract to uphold their end of the bargain. Once they have payment you really don't have any recourse.
You can make money with contracts if you can treat the miners as your own in-house eq and control the pool they mine on and the algo. Very few mining contracts offer this.
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Except if BFL existed in back then the Sheriff would have had those clowns thrown in prison a long time ago for running a con-man scam. The whole pre-order model would have been nipped earlier. |
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Banned for being confused about a banned rhino that somehow isn't from Africa
Banned because you forgot about the very rare Indonesian Rhino. Banned for previously skipping somebody else's reply. Banned for being an animal banned cause i misread your name as btclaire, and i like the name claire... Banned for disclosing personal fetishes in this thread - might want to keep that in the NSFW threads. Banned because I'm brand new. Banned for banning himself.. Banned for quoting such big quote which I had to quote also. Banned because I am in a bad mood! Off with his head! Banned for assuming he/she is a he. What the hell did I just say, OMGBBQSAUCE |
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As long as you can financially bear the separation and he's not going to stalk you I would leave him. The only reason not to would be for kids. If no kids say adios. I'm married but if my wife or I cheated I can see either one of us saying adios. Life is too short to be wasted on fools who can't understand the commitment.
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If you live in a country that is known for having something tasty or decorative that others want (like Belgium chocolate or a Russian coin) then you could try selling those. You won't make money at first, but if it is a popular item you can establish a decent business. Just be wary of selling stuff that has customs regulations.
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Yeah man, the thing is people don't seem to understand that even if their machines are new and all poweful for gaming purposes. They are all-purpose machines. If you build a dedicated machine that can only do one thing and optimize it on doing that (an ASIC) it's like 100x as effective (not exaggerating!!)
You have no idea what you are talking about. Actually what he said is correctly - although lack it might be lacking a little grammatical correctness  ASICs (the dedicated machines he was referring to) are 100 to 1000x more efficient than GPUs and certainly more so than CPUs. What part did you not understand? |
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I NEVER thought I would say this, but try PayPal.
Unless he is sending the Paypal - never use Paypal. Paypal is full retard. OP is complaining the guys in the dark back alley are shady....hmmmm.... maybe go to the lighted street and use real established exchanges for arb. |
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Unless you live in a 3rd world country where $1 is a 1/2 a day of work, there is not point in using a faucet more than once or twice. A faucet is useful to teach new people how to install the QT or other wallet and how to send coins. Once they learned that they should move on, not look for pennies on the sidewalk. People are entitled to do whatever they want, but you would be more prosperous looking for loose change around a vending machine.
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You said put it in the cloud? Any guides on how to do that? Keep in mind I am brand new and still learning
Not cloud - cold storage. Essentially you're putting the coins somewhere that they are able to be accessed from the internet regularly. This way they can only be destroyed in your house or stolen if somebody breaks in. Armory has a very simple to follow step-by-step procedure for cold storage. It might be a little over the top for $50, but it is definitely secure, especially with an M of N paper wallet: https://bitcoinarmory.com/about/using-our-wallet/ |
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Spend $50 and find some older laptop or desktop on craiglist - it doesn't need to be powerful. Leave that on as a 24/7 head to the miners. You could use a Pi but that limits future miner expansion while the old PC would leave you open for more configs.
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