it is not just about the bitcoin price and being a giant, the investment needs to yield a good profit after the costs. and one of the main and biggest costs of mining is the electricity cost.
most of these miners that you see are in China are there because they were able to acquire 3 things: cheap electricity contracts + cheap and easily obtainable mining equipment + cheap labor.
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Currently, there are at least 3 client development teams working on the code of the spec. All of them want to stay quiet and away from the propaganda and troll army of certain companies. They will announce themselves when they feel ready for it. Users will be able to install the software and decide whether to join the UAHF.
unknown developers which means we don't know their history short time period for developing the software and implementing delicate changes, sure it mentioned testnet but is that really enough?! expecting users to install and adopt it? we still haven't forgotten the BU node crashes and closed source upgrade. is it going to be the same story all over again?
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the thing you need to know is that people (no matter who they are) can not just wake up one morning and say we want to make a big change in bitcoin which is a decentralized system.
take a look at block size debate. plan on changing 1 MB limit is taking forever, you can make a new version called SegWit, BU, Classic or BTC2.0 and put the proposal out there if you can get majority of the network accepting that change, it will happen (like the changes that have happened so far) and if you can't gain enough support it will never happen (like classic and XT)
so if some day we decide that there are a lot of coins lost and there is a shortage of bitcoin (which is unlikely) we can come to a consensus to solve it, it can be by increasing 21 mil limit or any other way.
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Why is there no hype for ETH? It seems like it's just building quietly
yeah that is right. literary nobody is talking about it with 0 hype... but i don't know why everywhere on the internet that i turn, such as forums and stuff i see some new accounts are created to talk about ETHEREUM! with some similar script. hmmm!
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it looks like this summer ethereum might pass it up.
can you tell me what the problem with bitcoin is?
It can't scale, it's too slow to be a currency even when the blockchain isn't congested, too factional. Segwit isn't even a longterm solution and asic mining means centralization. Bitcoin doesn't do what it was intended to do after 9 years, imagine what problems there will be in 9 more? I'd like to see an asic proof coin become top. your beloved ethereum that you are advertising here: - has worst scaling issues that bitcoin does.
- it is not a currency, it is a token to be used only for smart contracts on the platform
- to this date it has no solution for scaling. they have said some stuff but we have not yet seen any code, or project.
- the fees are extremely high for an altcoin that is not even yet adopted by any major amount of users. the number transactions are extremely low but the average fee per transaction is already nearing $1.5
- it is the similar PoW algorithm which can technically have similar equipments such as ASICs called something else. the reason why there isn't any ASIC-like equipment for efficiently mining ethereum is because of the intentional difficulty bug that was introduced in the early days of ethereum's release which means the difficulty will rise up with a fast speed pretty soon which is known as a little fact called ethereum difficulty bomb so no manufacturer bothered with inventing an ASIC-like miner for mining business that will die soon
- people don't even run or are willing to run a full node because the client is terribly designed and it is going to take up a lot of system resources because the blockchain size is growing at an fast speed. that leads to more centralization. what will become of ethereum in 9 more years?
- smart contracts are known to be easily exploitable. we have already seen a big scale DAO which lead to a roll-back hard-fork and a couple of more smaller ones which didn't have a big enough effect to lead to a hard fork. what will they do next time another DAO happens?
- it is a known fact that ethereum is centralized, you have no say in anything. the reason why SegWit, BU, Classic, XT have never been able to be implemented is because bitcoin is decentralized. you can't fork without having a consensus. with ethereum THEY will fork whether miners and users want it or not and will end up with 2 or more chains.
- smart contracts which is the only thing etherum is supposed to do is not really something great, it can be done on other more efficient platforms (there are a couple of them out there currently, give them a try and you will see how efficient they are) at a lower cost for the developers to register their contracts. also there is rootstock which will work pegged on bitcoin that will practically make ethereum useless.
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can you tell me what the problem with bitcoin is?
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altcoin means alternative coin so anything that is not bitcoin is called alt-coin.but the term doesn't matter.
it is hard to understand what you mean, but it sounds like projects that cloned bitcoin. there are at least a couple of them which took a snapshot of blockchain at a specific time then forked the blockchain and started building on it. suffice it to say that nobody used them and they died a silent death.
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just expect that btw, so far it's remained steady around 2750 btc
I would suggest that you hold your Bitcoins because the trend for Bitcoin looks like it could make it up to around $3,000 in a very short time. The price of Bitcoin was at $2,933 on Bitstamp a few days ago and the price of it now looks like it’s recovering. Now the price is stable, with no signs of moves in any directions. Like if the market is is waiting for something to decide if it will go up or down actually you can look at this stability in another way! take a look at the volume first and the number of buys that are happening. they are still pretty high. this period of stable and low price with high volume can be considered an accumulation phase.
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just a thought/question that i would like to ask here: is it possible that some of these codes for signing a message create a weak signature leading to leaking your private keys?
i know it is possible when creating a signature for transaction. and although signing a message is similar but it has some differences so i am not sure if it is also possible for that!
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What is the status of this big development,did they successfully start their business ,if so, i could not really see any major changes in price,if they become functional i am sure there will be a market rally once again,since you can expect millions into bitcoin with trading platform like that.
i read an article that they opened their bitcoin exchange platform and was greeted with an overwhelming demand. here is the link: https://bravenewcoin.com/news/japans-largest-forex-market-opens-bitcoin-exchanges-to-overwhelming-demand/although i have visited the website and sadly it is fully in Japanese and doesn't have English version. but with a lot of working around this problem i managed to use google translate and sign up and go around a bit. it seems like a good platform but i could not find anything on their daily volume. so if anybody has any information on their Vol it would be great if they could share it.
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unless that coin is listed on pretty small exchanges only, places like bleutrade only and nowhere else! then you can't not pump it, that is big boys game not yours if you think you can even put a dent in an altcoin that is listed on a couple of exchanges that are big such as polo, bittrex, ... or even shitcoins that are small but are listed on shady exchanges such as yobit then you are dreaming my friend. they don't even allow you to swim against the waters. you'll just get crushed.
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if you don't know it already then don't buy! let's say i said buy this and and don't buy that. how do you know if i am giving you a good advice or i am bag-holding this and want to buy that so i tell you to do what benefits me.
i hope you get what i am talking about because that is exactly what will happen to the type of question that you ask in this board. most people will tell you to buy what they are desperate to dump and will tell you to sell what they are desperate to buy.
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this is not an easy thing to answer, we can not predict the future for something that is very new and still being adopted. heck it even still is in beta stage!
but one thing is for sure, a great deal of these altcoins that you see rising today won't even exist in a year from now, let alone in a long term. they serve their purpose which is being pump and dumped and then die. a couple of big altcoins on top 10 will have the same faith too. they have been created as a way of gaining access to private sectors and developers showing off their power and make a portfolio.
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Hi everyone. I'm new to all of this but I have noticed an uptick of bot activity on alt coins once in awhile.
i am curious to know how do you "notice" bot activity and differentiate it from normal user activity? because what we (users not the server itself) see is just orders being placed or canceled and being filled, i can't think of a way to determine whether one order was placed by a bot or a human. I was wondering, does this indicate a pump and dump?
it may. a better factor to look at is the volume. a surge in it can indicate a sudden attention from traders (or pumping groups) that came in and started buying it up.
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you forgot to give a link to the bot here in this topic.
also can you explain to me how you are communicating with Bitsler inside your bot? because Bitsler does not offer any API as far as i know, and i have checked.
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I'll buy monero ( xrm ),
Monero is XMR, make sure not to buy a different coin by mistake ripple and bcn for long time period.
i disagree, mostly with Ripple. you can easily look at its history and see why it is a bad investment. each time it gets pumped a lot and then the price starts on a declining trend for a couple of months of no activity and some small pump and then more decline. For me their price has significant moving and stable volume,
the price rise significance stopped a lot time ago with the high pumping volume!
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every single trade that you make must have a damn good reason for it. (i am assuming you mean this when you say SC: http://coinmarketcap.com/currencies/siacoin/) i have a feeling that you are randomly selecting these altcoins and then buying them at price that your gut tells you to. if my suspicion is true then this won't end well for you. this is just a start of your money loss. mistakes i see you have made: 1. choosing a random altcoin 2. bad timing, you are there in the dumping phase or at least it is after the pump happened. 3. holding it without selling during the dump. you should learn what "stop loss" means and use it. also there is no weekend in cryptomarket. it is global and there are a lot of people from a lot of countries in it and because of that you can't really come up with any time or day of the week for pump and dumps.
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1. What is the best exchange to buy ICOS?
not a good idea to invest in any ICO, you are helping this method of scam to grow when doing so. but since you asked, you have to check and see which exchange is offering them sometimes it is Yobit, sometimes Liqui, others are also listing. choose one and go there. 2. What is the best "sub-penny"(below one cent) coin to buy right now and hold for the long term (3-5 years)
bad idea also. because an altcoin that has such a low price is low for a reason. it did not go down there by accident! it is there because of flaws in its project or in economical aspects of it for example because of a large amount of supply (example Dogecoin) and in long term these coins will only go down. 3. What would you choose for the long term? Litecoin or Ethereum Classic?
again not a good idea to go in long term in any altcoins. but these two options both have good chances. mostly LTC because it has been around for years and it has been above $3-4 for the most part of it. and also it has a good developers team. 4. In what coins are the most banks involved?
Ripple first, then Ethereum because of its (in the shadows) investors.
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...snip...
Not to spoil your party, but can you possibly provide proof of this? You can edit out the sensitive and personal information. We have had some people coming to the forum and complaining about extra high fees and when we ask for proof, they fail to deliver.
This tells me some people make up stories about these high fees or they blame Bitcoin when wallet services charge extra high fees, when it was not necessary. ^hmmmmmm^
There are examples where some services increased the fees, when the Mempool were normal. ^grrrrr^
you know it is not really a strange thing to pay that much fee! someone even provided an example 2 comments above yours. you can also open any of the previous blocks and see transactions like that which have $60 or even more (0.024 BTC) fees. what people fail to tell us in their topics is their transaction size! when you make a big transaction because you have a lot of small dust inputs you obviously are going to pay a much higher fee than normal. size UP => total fees UP and this is true for all cryptocurrencies!
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How do people calculate what could be the price depending on market cap?
For example, people saying that DGB will hit 1$ at 8billion market cap
market capitalization is just a simple number that is calculated by multiplication of price and available supply. now with altcoins their supply can be manipulated, for example Ripple has a ridiculously high supply of 100 billion coins so with a small price its market cap is a big number. now if you want to speculate how much the market cap is going to be you need to speculate how much price is going to be. price will be greatly affected by the supply. for example when there is 100 billion coins available the price drops hard like in the case of Dogecoin which is ~100 satoshi and less. but when the coin has a fake supply but its circulating supply is small the price can go higher because there isn't the same sell pressure. for example coins like XRP and ETH that are on top have a massive supply but it is not all available to everyone. they are stored away out of reach and just affect the number known as market cap to stay on top of the ranking.
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