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the best one i ever made was in 2014, when i discovered cointelelct and made tons of bitcoin by taking advantage of the possibility to earn a big amount with a single account that was limited in the hasharet
so one just had to create many account to have a very big profit per day, almost 1 btc sometimes, then you reinvest those bitcoin earnign in a rental website such as minignrigrental and add other account with that profit you made
was very profitable until it lasted, around two months, then they closed everything probably because they noticed it...
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Well I think it's impact on the global financial system can not be underestimated because now the exchanges would have to pay more fiat for any bitcoins sold to them and they'd take more fiat for less Bitcoin they sell to the public and so it's going to affect fiat currency movements all over the world.
i don't think so, we are talking about a very tiny marketcap, here, will not put any dent outside of the crypto worl, not to mention that the whole volume of all the exchange is not reflectign the marketcap at all i mean there are not 16 millions+ coins sitting on the exchange, they are something around 200k per big exchange if lucky, which is even more tiny of an amount to be worth considering let's make this discussion again when bitcoin reach 100k maybe.... |
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I think the bitcoin will fall because of RANSOMWARE,it is impossible/Difficult to track who did this and in futur Bitcoins will be considered as a motivation mean for such act
Well, so far your theory remains a far cry from reality Bitcoin has been rising and it will likely continue to rise in the future. If anything, it proves its robustness as a decentralized (read free of government control) currency. Using it for extorting ransom is a sort of real life stress test, but that doesn't mean in and of itself that this is the only field of Bitcoin's application. I'm in no case justifying such acts (i.e. encrypting file systems and then demanding money to be paid to decrypt it), but, as to me, the effect of that would be positive on Bitcoin in the long run. In other words, don't shoot the messenger, he is doing his best! as it look now it prove that investors don't care at all about any thing outside of their daily trading activity or they are not the same people, i mean it's not like the people affected by this malware are the same that are pumping now bitcoin... actually evidently, this malware is bringing more attention to bitcoin, and making it even more famous, and it's not that bad as many think |
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To pay 1$ to 5$ for big bitcoin transactions is very acceptable, but I don't want to pay the same 1$ for little transactions like two digits transactions. I don't think it's a good idea to try making persons accept it as it is now.
It will make persons lose interest about bitcoins as they want to pay lower fees and have more profit by using crypto currency, otherwise they would be happy with fiat.
as i said there should be a lyer for different kind of transaction, micro transaction should be viewed with a different fee for miner, too bad they only see the size of the transaction, which is stupid at present if the fee was based on the amount and not only on the size, we not have all this problem right now, i mean you still would have the block issue, but the priority for small amount TX would be different there should be two way of priority with micro transaction working on a priority that is 10%(just an indication) of the big transaction, the definition of big or small transaction should be established carefully let's say up to $25 or $100 maximum is considered small all the other are big |
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no sense they want an additonal $5(250k satoshi) to accelerate my transaction, when in most case i can do good with a way lower amount than that, this is clearly a scam viabtc is far better probably because it work with miner to have your transaction accelerated without additional cost |
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stay with bitcoin, ETH is more centralized than bitcoin will ever be, even so there are gpu mining there, it will go 100% pos soon, and we know how pos is bad and destroy every coin in the end
also ETH or any other coin is not accepted as a currency, which is the whole point of being a good currency, if it can't be used, i'm not interested in a just a pump and dump scheme
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And the SIA difficulty has risen 50% in 12 hours. Soon it will not be profitable any more..
The ccminer 2.0 stratum is not working on most of the pools. Only on nicehash..
are you sure, currently on sia one 1070 is earning still a lot, the value increase again, we are talking about 400k satoshi per gpu... I dont think thats true, the sia difficulty has risen, but quite a little, not by 50%. To be honest i expected faster reaction  not enough gpu, the value is increasing on various altcoin, check hush skein and lbry, the hashrate can't keep with the pump |
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And the SIA difficulty has risen 50% in 12 hours. Soon it will not be profitable any more..
The ccminer 2.0 stratum is not working on most of the pools. Only on nicehash..
are you sure, currently on sia one 1070 is earning still a lot, the value increase again, we are talking about 400k satoshi per gpu... |
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SIA still earning more then Equihash, especially after today.
SIA is now earning $7.27 per 1070. How much do you want for letting out that miner? I have been looking everywhere, cant find anything that does more than 1800 on a 1070  that is the one that do $7.27 afaik there no better miner Hi Amph, Could you please direct to the miner that you use for this coin - windows binary. Also an example of the bat. Thanks, C ccminer 2.0 can do 1725 already, the sib version of alexis can do 1800, but i can't find it on the web anymore, i was lucky i didn't erase it from my sdd |
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something strange in my wallet, i have 85k but the sum of all transaction is only 77k? no hidden address found
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SIA still earning more then Equihash, especially after today.
SIA is now earning $7.27 per 1070. How much do you want for letting out that miner? I have been looking everywhere, cant find anything that does more than 1800 on a 1070 that is the one that do $7.27 afaik there no better miner |
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the value of bitcoin would be higher in fiat, but since one 1 usd will be worth less the value against other currency like euro will be lower, i guess we will see more trading between bitcoin and euro or cny or other fiat currency, nothing major will change in the end
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sp you should improve skein, on ccminer alexis version i get more than your version not much but sligtly more
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It's physically impossible to have unlimited electricity. Find out the amperage rating of the circuits/panel and subtract a 20% margin. That's how much you have to work with.
I believe the OP is referring to the cost of electricity. In his case, he has an opportunity to pay a fixed cost for unmetered electricity use which essentially means PROFIT for mining. he is still limited by his/her maximum current that he can use in his house, and if this value is low, he can probably overpay with a fixed rate if he have a high amount of KW, it make sense to go with a fixed rate otherwise not so much, he need to check that first, still paying 90/126(gbp) a month for 3kw for example is damn good price |
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"Free" electricity isn't always stealing. Most notably apartments with electricity included, although a S7 is on the noisy side to run in an apartment. You do, of course, pay a premium over apartments without electricity included.
that isn't free it's "included" you know, real free electricity is always stealing, but there are case when you can have almost free electricity like 1 cent, that is the cheapest electricity you can have withotu stealing It's "free" in the sense that using more (within the limit) doesn't cost more. For that matter, while the space the mining equipment takes up is never truly free, it is rarely considered at the hobby scale since the space used is considered to be otherwise unused. it make sense because what you are paying in that "included" bill is already accounting with the limit you can use, you are still paying it but you don't know how much you pay actually if you don't use all the limit you are probably overpaying it, because in these case they charge you the rate for the maximum limit you are allowed to use so if you have 10kw of power already included, and you use 1, you are still paying for the 10kw rate....if it is based on power, but the logic apply anyway |
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s9+ with different hash/and watt ratio could be possible, but usually these stuff are done immediately not more than one year after the release of the original miner
like wasfor the s5 if i'm not mistaken, the s5+ version was released not long time after the release of the s5, the s11 make sense only with 10nm at this point, which can't happen before the next year
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Actually paying tax depends on your Government's policy. If they take external source of income in tax boundaries then you have to pay tax as you earn from bitcoins.
capital gain is taxed everywhere as far as i know, the same is true for your income per year, if it exceed a certain threshold, at least here in italy it work like that but recently it seems that you have not to pay anything here, to exchange bitcoin in fiat, unless you don't exceed a certain amount per week, still not very clear, they don't even know how to see bitcoin... i think i'll go ahead, and don't do any tax return for now, the amount i exchanged is very low, it should not arasi any problem |
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Was there a way to fight back and clean it up without paying?
the last one called wannacry stop the possibility tor restart your computer, so you need to shut down your sevrer/pc and do a secure erase, if when you restart you are still under wannacry, i think the only psssibility at that point is to change the ssd/hdd which is a pain in the ass, but if you have a backup you save your data and load them again in the new hard drive |
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i don't remember any deposit fee in any exchange, i only use kraken at the moment and there is no, to withdrawal tehe fee is also very low, both in bitcoin and in sepa, in sepa is ridiculous non-existent like $0.09
what exchange you are talking about exactly with this high fee?
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first target is $10k, when you reach that reaching $100k would be like reaching $10000 from 1k, like we were some time ago and now we moved to 2k
if the story repeat itselft, this what will happen in the case of 100k we will probably move to 20k first and so on, i believe it need two more halving at least, or in 2028, 20 years from the beginning like the satoshi prediction about no volume or big volume....
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