I prefer electrum. It uses change address really well (like in Bitcoin-QT), you can choose the "send from" address, the entire wallet is HD so it can be recovered from a 12 word seed (memorize this +/- write it down somewhere) and it's easy to setup cold storage. However, if you want your bitcoins to be more mobile then Hive may be a better option for you (it can be difficult to get electrum on your phone).

If you need PC storage of bitcoins only: use electrum
If you want to have a small amount of BTC accessible from your phone, add in either hive or blockchain's wallet.

10/18/14: I am now 126% ROI for my bitcoin invested in gaw's bitcoin miners (actually scrypt hashlets)!!!  My plan at this point is to now build my mining power with future profits

If you'd like discounts on GAWMiner's hashlets check out my thread here

Hello I started this thread to see IF and WHEN the gaw miners hashlets will ROI in terms of both USD and BTC.

I purchased a GAWMiner 1MH/s Hashlet on 8/21/14 for $15.99, which was BTC 0.030839 at the time with an estimated ROI of 52 days after fees.

Note: 8/21/14 is a partial day of mining and thus not a full days worth of mining payout

Date  |	BTC Received |	$ Received |	BTC ROI Time |	$ ROI Time |	BTC per MH/s on ZenPool|	Total BTC Earned   |	% ROI to Date (BTC)
8/21/14	0.0001017	$0.05	Partial, NA	Partial, NA	BTC0.00065055	0.0001017	0.32%
8/22/14	0.0005801	$0.29	53 Days	55 Days	BTC0.00073722	0.0006818	2.2%
8/23/14	0.00049838	$0.25	62 Days	63 Days	BTC0.00065734	0.00118018	3.8%
8/24/14	0.00056351	$0.29	55 Days	54 Days	BTC0.00072287	0.00174369	5.6%
8/25/14	0.00051760	$0.27	59 Days	59 Days	BTC0.00067560	0.00226129	7.3%
8/26/14	0.00053079	$0.27	58 Days	59 Days	BTC0.00068671	0.00279208	9.1%
8/27/14	0.0009866	$0.50	32 Days	31 Days	BTC0.00114244	0.00377868	12.3%
8/28/14	0.00056912	$0.29	54 Days	55 Days	BTC0.00072672	0.00434780	14.1%
8/29/14	0.00055373	$0.26	56 Days	61 Days	BTC0.00071237	0.00490153	15.9%
8/30/14	0.0004824	$0.23	64 Days	70 Days	BTC0.00064408	0.00538393	17.5%
8/31/14	0.00049723	$0.23	64 Days	70 Days	BTC0.00066355	0.00538393	19%

9/15/14: I am now 52.4% ROI in terms of bitcoin!!

9/28/14: I am now 85.6% ROI in terms of bitcoin!!

10/18/14: I am now 126% ROI for my bitcoin invested!!!  My plan at this point is to now build my mining power with future profits


Each ROI calculation is done as if the miner was first mining on THAT day, so that I can track if there are any jumps in ROI times without averaging in past days.

If you'd like discounts on GAWMiner's hashlets check out my thread here


Estimated Zen Solo Hashlet ROI time in days:

So currently the Zen Solo's cost 20.85 aka 0.0438 BTC for 1 MH/s. Each MH/s makes 0.00063617 BTC per day. Now if the zenpool payout per day stayed constant the machine would reach 100% ROI in 69 days. However, with difficulty increases of each coin and usually decreasing cost of altcoins the payout per day should be decreasing pretty quickly. HOWEVER, zenpool payouts on 8/21/14 were 0.00065055 BTC/MH/day and now its only declined to  0.00063617 BTC/Mh/day which is only a 2.3% decline over almost a full month! This intentionally does not account for the $0.08 fee per MH, which could increase in BTC amount if price goes up, or could become nearly no BTC fee if BTC price goes up as many people are projecting.

Lets extrapolate 2.3% decline in BTC for for the 69 day projected ROI and we get an estimated ROI time of 72 days (compounding decline).

Zen Primes will need to have some cool features added to them before I believe that this will be a clearly profitable hashlet to go with. The biggest thing they could add to these right now would be the ability to mine different algorithms as scrypt already has a LOT of competition and thus lower prices. With that being said, I also expect them to increase the price of the hashlet primes along if/when they ever add the other algorithms to them, because at that point they profitability will most likely increase quite nicely.

I received some PM"s today about the $10 off gawminers coupon. I was informed by GAW that currently discount codes only work for orders over $150. They won't be able to offer new discount codes or lower the $150 minimum until they get their new website all settled in, but hopefully this upcoming week they will be able to add some new discounts for us.

Right now the Zenpool is paying out 0.00065BTC/Mh which is twice as high as a payout per MH as other multipools such as clevermining.com. If you only buy 1 MH then your going to have to wait a few days to withdrawal because the network fee that they force you to pay is 0.0002BTC, which is essentially 30% of a single mining day.

If you're going to buy some hashlet power you should check out some of the discounts that I listed in this thread to at least save yourself some money.

Also since we don't know the long term outcome of being able to supposedly mine scrypt coins faster than any other multipool out there, I'd suggest not investing too heavily in these miners. However, with that being said the 1MH/s miner currently would only take 46 days to have an ROI of >100% so maybe start small and as they pay themselves off, re-invest the earnings to make more BTC per day and build it up from there.

That one photo with the ground being a reddish discoloration with a hue of green in there does not have to resemble a moss, it is more likely just a camera/light effect. Notice how dark the images are closer to the base of the camera, the quality is obviously low as well. Also if it were truly a moss it would require moisture in order to reproduce, which won't be present on the moon without an adequate atmosphere.

As far as landing on a "powder" surface, sure there would be some powder kicked up, but without any moisture that powder would not stick to any equipment and it would fall right off the landing equipment.

I'm not saying that the american lunar landing is real nor am I saying it was a fake, but the arguments around the powder and green discoloration to some of the chinese images don't mean anything at all.

Well to be honest you should always worry about your bitcoins on someone else's private keys....always. Never store your bitcoins in any wallet but your own, otherwise you run the risk of getting "goxed" whether they intentionally run with  your bitcoins or they get hacked and they are gone.

Put coins/money on the exchange -> execute the desired exchange -> send coins back to your personal wallet. Even if you're a day trader, at the end of every day I'd still move all the coins off the exchange....as far as fiat goes, well that would be stuck until you execute another buy order.

When they say "always profitable" what they mean is that the miners will always make more BTC than they will charge you for hosting it. It doesn't mean that you will get the BTC back that you invested in their hardware. Which basically means that eventually they will charge you fractions of a penny a day so that the BTC earned/day > BTC price for hosting/day.

Don't think that you will definitely get all your BTC back that you paid for the hardware.

I wouldn't do it personally, I'd just wait for Peter R to release Aethereum

Any cryptocurrency that is essentially one huge IPO is likely a "get quick rich" scam by the creators IMO. Look at bitcoin and litecoin...did they require any IPO at all? Nope. How about every scam coin out there, did they have IPO's or massive pre-mines? you bet.

Update 12/8/14
Hello Everyone,

Unfortunately I have to terminate my discounts on Gaw products due to their new ToS which forbids me from handing them out. It has been a fun ride and I hope everyone finds the HashStakers and HashBase system to be useful in this world of forever increasing altcoin difficulties and low payouts in Proof of Work systems. I'm new to Proof of Stake systems myself and will be personally checking out the HashStaker and Paycoin to see if there is good benefit.

Take Care,
--Lyth


Update 11/28/14

Gaw Miners are switching their system from hashlets to HashStakers and Paycoin. These will be a Proof of Stake (PoS) system whereby the MORE coins/stakers you own the MORE money you make per day.

The HashStakers will have 0 fees! and their profitability will NOT be affected by difficulty increases like most coins out there.

Everything is hosted on Gaw Miners HashStaker website

Once again if you plan on buying a HashStaker or Paycoins I will be giving a discount on them both. I have spoken with my contact at Gaw and I will be able to give:

2% Discount on all HashStakers, Paycoin and Gaw Miner's products. <-- Click there

Just use that Link above or the one in my Sig, make your purchase and send me a PM with:
1. Date of purchase
2. Country you live in
3. Total Purchase amount
4. What BTC address you'd like your coins sent to!

Happy Mining!


UPDATE 8/30/14
Be sure to have an empty cart when using my link. You must use the link, then add the products to your cart, then make the purchase. If you use anyone elses link or if you already have the items in the cart I will not be able to see the purchase and will not be able to get your BTC back for you.

If you want a discount on hashlets use THIS LINK , complete your hashlet purchase, and then send me a PM with the date of your purchase, your country and your total purchase amount. I can then get you 1.5% of your BTC back from GAW Miners (but please be patient with the timing with me)

WELCOMETOGAW - $10 off bitcoin mining hardware

For larger orders:
GAW3FOR3000 - 3% off  bitcoin mining hardware
GAW4FOR4000 - 4% off bitcoin mining hardware
GAW5FOR5000 - 5% off bitcoin mining hardware

Have suggestions for deals or coupons you'd like? Post them and I'll see what I can do!!

Hello everyone,

I'm in direct contact with a GAW Miner employee and I'm working with them to get us some discount codes and coupons for the GAWMiner products, including the Hashlet. Listed below are the ones I have so far, and I'm working on getting more. If you have any requests for other deals or coupons please post them and I'll see what I can do (they have to be reasonable though).










List of People that will be receiving BTC from me
BitcoinPokerBro - Sent 8/28/14:
Dirtbikerr450 - Sent 8/30/14:
davvid3d - Sent 8/31/14:
Crocko -Sent 09/1/14:
SamuelN - Sent 9/3/14:
Kieco - Sent 9/3/14:
Liberator - Sent 9/4/14
miningho - Sent 9/7/14
Damien74 - Awaiting your address
yan7181 - Sent 9/7/14
sonxhous - Awaiting your address

Updates are now made daily as "Replies" to the thread

Like I said, great project! I sent you some bitcoins, keep it up!

Yeah if I were him I'd have a QR code sticker in the back of the cab for customers to scan and send him the coins. He can then check if he received the coins by using his phone to check the Blockchain (not actually log into anything). Then once a shift or every night transfer all the coins out of the address to various other addresses. Otherwise if he has a bunch of coins in one address AND/OR he can access it on his phone, it will encourage people to potentially rob him.

Wow you're doing a great job TETOCONPOLERA. Keep the movement going in Argentina, it may be the one thing that saves the poor from becoming even poorer as they have no other way to protect themselves from the upcoming and continued inflation in your country.

Please PM or post a donation BTC address so I can donate to your cause

If you post your donation address, please PM me too just so that I don't forget.

At current bitcoin prices most small/home miners will probably be holders. In terms of large miners, including corporations they will most likely have to liquidate a large amount of their coins every month to cover space and electricity costs, but even they most likely are holding onto whatever they can due to the currently low price.

Right now most of the venture capital that is invested in bitcoin, is from non-USA countries investing in USA based bitcoin companies, which is a really positive note. As far as the US exporting oil to other countries that are otherwise dependent on foreign oil....that I'm not so sure about. I think the US has a pretty strong sentiment of "use everyone elses oil, then we will more aggressively pump/use our own supplies" which is actually a better long term strategy if we see a continued use of oil for long term. With that being said I can't imagine the US shipping all of our oil to other countries and letting the middle east keep/use their own oil (who will run out first?).

Right now VC funding in USA based bitcoin companies is great and will take us to the next level, both as a bitcoin community and as a nation.

As far as Etherum goes.....well I'm not convinced that it's 100% scam and that they will just run with the raised Bitcoins. I'm more of a fan of Peter R's Aethereum, essential an ethereum clone but no IPO buy in, it initially gets distributed using current bitcoin holdings....a sort of "proof of stake" initial disbursement, which I hope further altcoins will follow.

In order for the pump to "pull the bitcoins" afterwards it would need to know your private key, which is a big no-no. Honestly you don't have to get internet all the way out to the pump machines. Just have the cash register (which is usually a computer nowadays that has an ethernet connection for sales reporting purposes) connected to the internet and be aware of incoming bitcoin payments and to what wallet address (1 per pump). Upon you sending bitcoins to the wallet address the cash register turns the pump on (they already can do this) for the amount of dollars of bitcoins you sent them, done and done

I believe there was some update from the IRS recently stating that small at-home style miners didn't have to pay an income tax on them (be sure to verify this though), as their biggest goal was taxing the corporations with the massive amounts of mining power. Mining right now is largely unprofitable for everyone, whether or not they are paying taxes. The few exceptions might be for people with either small rigs in apartments that have free electricity, or places with super-ultra low electricity costs (IE 2-3 cents / KW)

Yes taxes on Bitcoin as capital gain and mining as income tax is real and needs to be paid unless you'd like to end up in jail over here. As far as it being enforced, the IRS may not have that many tools as of yet, but as time passes they will get better at enforcement and will be sure to tax you up the @$$ for any coins you haven't claimed.

I'm sure there are people evading taxes on bitcoin right now, but that obviously is not advised.

Ethereum may still be dumping coins too. They moved about $600,000 USD of coins 2-3 times and maybe they are selling them in waves so that price doesn't just immediately dump even worse than it is now.

Like others have stated, the transaction fee only has to be 0.0001 right now to usually be included in the following block, which is currently just under 5 cents. Sending 24 cents is what I would consider to be a very small transaction, even for microtransactions. I usually regard Microtransactions to be 50 cents to $3. However, if you actually wanted to send lets say 2 cents to someone (MICRO-Micro-transaction) you simply just don't add a fee. I've sent transactions in the past without adding any fee and the transaction usually takes 1-1.5 days to be included in a block, but at least it still makes it eventually.

Shorting can be seen as this: Right now BTC price is $500 a coin (example) and you think it will be $400 in a week. You don't have any Bitcoins to sell yourself right now so you basically "borrow" someone elses 10 bitcoins and sell them for $500 now. You now have $5,000, but you owe that "person" back 10 coins. So as it turns out your right and the price drops to $400, you now buy back the 10 coins you owed at $400 each, so you spend $4000 and you pay that person's coins back. You just made $1,000 off a falling bitcoin price.

I'm sure someone that uses bitfinex or any other stock exchange often can explain it far better than I, but that's a start. So a high amount of short orders right now, means that many many people are feeling the BTC price will continue to fall....and they are putting their money where there mouth is.