I'm not sure what you mean by "that is not what it says" because that is what the nodes check.

Anyway, think about it. If it is not weighted by difficulty, then it would be trivial for somebody to create a longer chain where the difficulty is always 1.

Funny. The "longest chain" is measured in blocks weighted by difficulty.

I believe it will end when the BCH difficulty shoots up and the price drops from all the mining selling.

I'm sure that they have already been overtaken, but cryptocurrency holders tend to be quiet about it.

For example, a single person bought 30,000 BTC in one of the Silk Road auctions for about $19 million. Another bought 24,000 BTC and paid about $10 million. Assuming they didn't sell them, their bitcoins are worth more than $100 million.

Several early bitcoin investors have probably gained more than $100 million by buying 1000's of bitcoins when they were worth less than $1.

Finally, Satoshi's bitcoin stash is easily worth more than $1 billion.

Look at this sub-forum: https://bitcointalk.org/index.php?board=217.0

That is a mistake. The fastest, easiest, and most convenient way to obtain bitcoins is to buy them. Most people that earn bitcoins directly through faucets and signature campaigns are paid pennies per hour on average.

The legendary oracle Paul the Octopus predicted, in the moments before his death in 2010, that the price of bitcoin would reach $1 million someday.

In case you have never heard of Paul the Octopus:


Yes, this is sarcasm. Anybody can predict a future price, but nobody really has any idea. There are no experts when it comes to predicting the future price of a bitcoin.

Some clarification of terms would help here:

• Private key - A value that allows you to spend the bitcoins at the address associated with it. Anyone that knows the private key for an address can spend the bitcoins at that address.
• Address - In simple terms, an address holds bitcoins. It is frequently (and incorrectly) called a "public key". It is not a public key. It is also frequently (and incorrectly) called a "wallet". It is not a wallet.
• Wallet - A container holding one or more private keys and their associated addresses. Also, it typically includes software that maintains the wallet, connects to the Bitcoin network, and creates transactions.
• Seed - A unique value used by a wallet to generate all of its private keys. This is also sometimes referred to as a "recovery phrase". Anyone that knows a seed can create the wallet that uses it and spend all the bitcoins in it.
• Password or passphrase - A password may be used to encrypt the data in the wallet. This is not a seed.

Only you can determine if you can mine for a profit. You can try Nicehash if you want to mine altcoins and trade for bitcoins. Otherwise, this is a Bitcoin forum. You will probably get better answers in a Litecoin or Ethereum forum.

1. What happens if bitcoin goes down?
2. How can you prove that your service is not a Ponzi scheme?
3. Why would people give you bitcoins if you are investing in bitcoins?

That's DASH. This forum is for Bitcoin. I think you will get better answers if you ask in a DASH forum such as https://www.dash.org/forum/

It's a reasonable idea except that once winter is over you will have expensive equipment sitting around earning nothing.

The flaw in you logic is that demand can be high even if fees are low. I apologize if this has already been pointed out.

Sorry. Bitcointalk is not a platform for making money.


I don't know who told you that or why.

Anyway, stick around and do lots of reading and learn about Bitcoin.

A paper wallet is a piece of paper with one or more private keys written on it.

A software wallet also holds one or more private keys, but it also has the ability to send bitcoins from the addresses it holds.

A hardware wallet is like a paper wallet except that it is electronic and it never exposes the private keys that it holds.

A custodial wallet (such as at Coinbase or any exchange) is not really a wallet. It is an account.

To all those that have issued the blanket statement that "Bitcoin mining is not profitable":




Obviously, mining bitcoins is profitable for some people, but maybe just not for everyone.

Your terminology is wrong.

A "wallet" is a container that holds one or more "private keys" (and the associated "addresses"). A "wallet" is not a "private key" or an "address".

If you want a new address, the wallet will create one for you by generating a new private key. Most wallets do that automatically every time you use an address.

Typically, a wallet has a unique "seed" or "recovery phrase", and if you want a new wallet, you get a new seed.

People write things like "send bitcoins to a wallet" or "a wallet has X bitcoins" for convenience when they actually mean "send bitcoins to an address in a wallet" or "a wallet has addresses with a total of X bitcoins"

You don't need Bitcoin Core (or any wallet software) to hold bitcoins, and so you don't need TOR. Look up "paper wallet".

Furthermore, all information on the Bitcoin network is public knowledge and unencrypted. There is little benefit to using TOR in your case, except to prevent others from discovering that your IP address is on the network.

Those are overkill. Most wallets already give you the ability to encrypt the data

Thanks for the input. I think he's going to redeem it.