According to the bitcoin clock bitcoin will drop to 12.5 btc per block in late July of 2016.

How will miners react to this?

What will it take to keep miners mining?

What if miners in large numbers decide not to mine?

Hello to all,


Just purchased 188GHs on a ANTS5 miner from Hashnet. Is it a seperate step to join a pool or Am I automatically joined to the Antpool? I would like to join the antpool to try it out. How do I go about doing that?


Thanks in advance

Actually, there are no laws regulating bitcoin in Argentina. It is perfectly legal to mine, buy, sell, or trade BTC.
We are not a communist country, and from the way it looks, it is going to stay that way. It is in the U.S. that bitcoin traders have to worry. The U.S. is scared of Bitcoin and they will regulate it soon more than likely. People have already been charged for trading in bitcoin without a license in FL. CA requires a license now and other states want to start regulating it.

Well, I have a traverler coming in December, who is a U.S. Citizen. I am not concerned too much about the laws as Argentine Customs does not bother U.S. Citizens that much. It´s their own that they scrutinize the most. I am not certain on the laws here. I was told by a lot of travelers that one electronic item is O.K, as long as it´s not for resale. It´s when you start bringing in multiple items that they want to start taxing you.

As far as the cost of electricity down here exactly, I am not sure. I know it is cheap compared to other countries. I think somewhere around $0.03 per kwh. When I get my hands on a bill I will post it. Again the place I am moving into, electric is free. Might as well mine.

Yes, that is what I am thinking. At home mining with free electricity is the way to go. Might as well get something out of it since I will be paying rent.

I am moving into a place in Buenos Aires, Argentina where power will be free. Power is cheap here anyhow. How much mining power do I need approximately to generate 1 btc a month?

I heard another way of mining is to actually buy mining power on line. You don´t have to worry about any equipment breaking down.  Is there a tutorial on mining and how to perform all the necessary calculations? What about a excel spreadsheet?

What are your thoughts?

Thanks for the info guys. Much appreciated. What I ended up doing is sending all of my btc to an electrum wallet where I generated a new private key. I have the seed saved just in case anything happens.

Is that because the private keys would have been imported and not generated in electrum iteself?

Still have 7 weeks left. I am hoping when I wake up in the morning it will be done and my btc will show up. Anyhow, Why does the core wallet need the entire blockchain and light wallets do not? If I don´t need to maintain such a large database why do it?

You can´t check 1600 passwords a second, sorry to dissapoint you. Most properly written encryption software will allow 1 per second if the iterations are set high. In your case, you may need the help of a professional. If you had a passphrase with a high bit rate you are going to have to remember a good portion of your password, and then a script can be written to attack it. Again though, if the encryption for the wallet was written propertly, you may only be able to try 1 password per second. I used a script written by someone else to crack my LUKS encryption password to a flashdrive. I knew what the pw was. just didn´t know what symbols I added to the beginning and end. I was able to incorporate the symbols I thought were used in the script and after several days i got it. however, i knew most of the passphrase. LUKS encryption only allows you to try 1 password per second because of high iterations.

The other option may be to try to do a forensic search to see if the password was cached somewhere? This is unlikely however, as good encryption software prevents this from happening.

Hello everyone,


Just installed Bitcoin Core wallet on windows and the blockchain was 6 years and 50 weeks behind or so. The first 5 years went by fairly fast, however, the last year and 50 weeks are dreadfully slow and still going. There are 46 weeks left as I write this and it has been two days. There are 8 active connections to bitcoin network. Can anyone tell me why it is taking so long? How can I avoid this next time I set up another wallet, and can someone point me to a good tutorial on wallet management? Any information would be greatly appreciated.