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In the future when bitcoin is fully adopted, the value of a bitcoin will flatten out and the return from investment will go to 0, so nobody will invest. What will support the price then?
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No matter how much the transaction demand is, if a money is quickly losing its value every day, it will be refused in transaction.
If money is "refused in transaction", then demand is lower, negating the premise. |
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I hear lots of people saying its not worth it or its hard to break even, but what if you already have a really good PC that you can use for it?
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There is no PC, no matter how good the specs are, that will make a profit by mining bitcoins, even with free electricity. You are competing against miners with specialized mining devices that are 50,000 times more powerful and 5 times more efficient. A PC mining only on a CPU might generate $0.02 worth of BTC per year. Even using a graphics card, you will be lucky to generate $1.00 worth of BTC per year. BTW, you can buy mining devices for about the price of a PC. |
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I see these everywhere is there really a program called bitcoin generator most of the ones I have tried to download all carry virus or bitcoin stealers. If it is legit where and how can I get it thanks
These "bitcoin generator" scams have been around for a long time. The short answer is no. It is not legit. Mining on the other hand is legit. Do some research. |
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So when the price of bitcoin varies significantly as it may, what is the true price of bitcoin? How do I price my goods and services? There are 2 obvious options to this, 1) a localized approach, "i use BTC-E so i shall use their price when factoring the price of bitcoin"...
#1 is the best answer. Why did you ignore it? |
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You are competing with purse.io. At purse.io, a buyer can get a 20% discount (or more if he is willing to wait). Good luck.
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If you didn't use the localbitcoins escrow, then this is entirely your fault. Also, this belongs in scam accusations.
That's ridiculous. You can't blame the victim for being defrauded. |
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It's not a groundbreaking idea -- miners have been heating their homes since 2009, but it is a good one.
In a simple system, the maximum operating temperature of the chips determines how hot the water can get. If the max for the chip is 70 degrees, then that is the maximum temperature of the water. 70 degrees is too hot for a home, 50-60 degrees is typical. The chips don't need to be immersed, though they would probably be more efficient if they were. The real issue is how quickly the miner could heat the water.
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There was probably no real spike. It was probably a result of how the hash rate is estimated, which can introduce random changes even when the hash rate is actually constant.
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Buyers on Localbitcoins are well-protected as long as they follow the instructions and don't trade outside of of the site. Did you dispute the trade?
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Thus to prevent complications, I ordered a Ledger Wallet where one can securely initiate and validate a transaction either with the "second factor authentication card" or by "smartphone pairing". I forgot to mention that I also use a Trezor, which is a hardware wallet like the Ledger Nano. I definitely recommend it for security -- it can't be hacked. It interfaces to several software wallets including Mycelium and Electrum. The Ledger wallet is cheaper than the Trezor because the security is less convenient. |
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I have not heard of airbitz. Are they a new company as i have never heard anyone mention them?
Go to https://bitcoin.org/en/getting-started. Pick choose your wallet and then look at the different wallets for different platforms. Airbitz is under Mobile, Android and iOS. |
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Airbitz is the best.
Mycellium is great, too.
None of the desktop walets are as good, though Electrum is my favorite desktop wallet.
As for the poll, perhaps all of the major wallets should be added rather than the random assortment. "other" has the most votes.
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Can a SHA256 or Scrypt ASIC rigs be repurposed/rented out to be used in other industries like Oil & Gas, supercomputer type applications?
ASIC stands for Application-Specific IC, which means that it is designed for a specific application. In this case, the application is Bitcoin mining (or other similar cryptocurrencies). But it could also work as a heater, as mocacinno suggested. |
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Because they can? Why would that indicate a lack of programming talent?
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So let me get this straight guys.
People have speculated he has 1.5 million coins worth right now $566,490,000.00 USD
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That number seems to grow over as time goes on. A year ago it was estimated that he had half that number of coins. |
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Snobs forget not all of us have many thousands of dollars of disposable income to throw around (ready to lose)
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When i got up to around 12 grand i figured screw it ..i am cashing it all out and spending the money.
Glad i did ..no regrets.
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Now who's the snob? |
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Position Size
1.0800
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This might be a clue. |
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I was reading through the forums and found that if I go to block chain or something I can verify that that person has the amount that I am looking for. Can someone please let me know how to do this. Here is a copy and paste of the info I am wondering how to verify: 3) Ask for his coin address and always search it on blockchain.info or www.cryptocoinexplorer.com to verify if his address has the amounts he is claiming. Enter the bitcoin address into a block explorer search box (such as blockchain.info or blockr.io). If there are any bitcoins at that address, the block explorer will show them. BTW, that forum advice is not very useful. Many (if not most) people have no idea which address (or addresses) the bitcoins are going to come from because a good wallet hides that information and an online wallet provider won't tell you at all. |
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