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Don Lapre posted:A set a lady up with a cheap pc that "has to run all the time" today to get her coins. It sounded to me like shes buying a contract and they use some way to interface with a pc she has running to deposit the coins in her wallet? Part of me wants to believe she's getting set up with a local wallet and was just told to keep it on constantly because that's easier than explaining why the wallet has to spend potentially hours syncing back up up with the blockchain whenever you want to use it. But yea she's probably getting scammed somehow.
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# ? Oct 12, 2017 00:22 |
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# ? Mar 29, 2024 14:35 |
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I turned off my mining machine today, value is just too low for dual 1080ti No burrito for the next few days
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# ? Oct 12, 2017 00:46 |
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im still rolling in burittos, how low is too low for you? Is your power expensive? I have been running with "start mining when idle" and its been great. I never think about it anymore because it only runs when im not using my computer.
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# ? Oct 12, 2017 00:49 |
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Still mining, value is bigly.
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# ? Oct 12, 2017 00:53 |
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Risky Bisquick posted:Still mining, value is bigly. Hooray $5220 *confetti*
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# ? Oct 12, 2017 15:35 |
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Fauxtool posted:im still rolling in burittos, how low is too low for you? Power IS expensive, but yesterday it dipped to like 1 dollar a day and that didn't even seem worth it. Now it's back up to 5 dollars so more crypto burritos for me!
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# ? Oct 12, 2017 15:59 |
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Comfy Fleece Sweater posted:Power IS expensive, but yesterday it dipped to like 1 dollar a day and that didn't even seem worth it. Now it's back up to 5 dollars so more crypto burritos for me! $1 a day on... two 1080tis? Something was just plain wrong then. Maybe it was mining some garbage thing
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# ? Oct 12, 2017 16:05 |
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I am mining vertcoins now because I am diseased.
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# ? Oct 12, 2017 16:30 |
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Looks like burritos are back on the menu as we've blasted past 5k.
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# ? Oct 12, 2017 19:49 |
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1gnoirents posted:$1 a day on... two 1080tis? Something was just plain wrong then. Maybe it was mining some garbage thing I’ve diagnosed the problem to a poo poo TPLink WiFi adapter dropping connection every few hours -_- But when it’s working it’s about 3-5 USD so yeah, market has not crashed.
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# ? Oct 12, 2017 20:31 |
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the market is always strong only humans are weak
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# ? Oct 13, 2017 00:30 |
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I know I just went Omg just this morning but it just hit $5700 ... lol
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# ? Oct 13, 2017 04:07 |
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1gnoirents posted:I know I just went Omg just this morning but it just hit $5700 ... lol *Throws bitcoin wallet printouts at burrito artist* "And put extra guac on everything, pronto!"
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# ? Oct 13, 2017 04:22 |
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quote:*Delay Alert* CAD crazies take note
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# ? Oct 13, 2017 14:05 |
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such an action is never followed by lots of money disappearing and pending transactions being lost. Sorry guys there was literally nothing we could do. I am shutting down the site and going on vacation for an unrelated reason
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# ? Oct 13, 2017 22:54 |
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I've been mining about 4 months and now have ROI on 2x 1080Ti, hopefully this keeps up for 4 more months so I can have every silly hardware purchase back to the Sandy Bridge era paid off.
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# ? Oct 13, 2017 23:53 |
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It is notoriously hard to get actual money out of shitcoins in the great white north so if coincards "has a catastrophic system failure" then looooool that basically shuts down one of maybe three avenues to get goods and services with bitcoin that doesn't require a scan of your passport etc
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# ? Oct 14, 2017 00:07 |
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Stay safe ghost of coincards.ca I was JUST about to drop another $300 into them for a newegg GC too.
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# ? Oct 14, 2017 00:23 |
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Don’t overwhelm them, it’s a two man team collecting more bigly margins than claymore or nanopool, combined
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# ? Oct 14, 2017 01:15 |
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what is the purpose of altcoins why doesn't everyone just mine bitcoins serious question e: out of pure curiosity I downloaded nicehash today and left it running on my gtx 970 while I went out for the day. it says i have accrued a whole 30 cents. thats my story. e2: how do i make the "view stats online" page private i dont want people knowing how rich i am Boris Galerkin fucked around with this message at 18:30 on Oct 14, 2017 |
# ? Oct 14, 2017 18:25 |
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Bitcoins were the first step in the Ponzi scheme. Eventually it became too hard to mine with GPUs so some other ponzi operators started making alt coins which are derivatives of bitcoin which is backed by hokus pokus. Now we all mine the derivatives which by and large are exchanged into bitcoin and then into fiat. Now anyone with an idea, or vision if you’re a true believer, starts an alt coin with an ICO where half the new altcoin is premined and held by the founders of the currency. It’s money laundering through and through, but we get burritos so I’m cool with it.
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# ? Oct 14, 2017 18:36 |
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I've said this before but I'm surprised that no third world dictator has an altcoin named in their likeness, especially since some of those dictators are currently plagued by worthless hyperinflated currency and are seeing a big surge in bitcoin use like in Zimbabwe.
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# ? Oct 14, 2017 18:54 |
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MaxxBot posted:I've said this before but I'm surprised that no third world dictator has an altcoin named in their likeness, especially since some of those dictators are currently plagued by worthless hyperinflated currency and are seeing a big surge in bitcoin use like in Zimbabwe. http://www.trumpcoin.com e: Serious question though, but if I were a dictator of some country what exactly do I have to gain by introducing an alt coin. Like that’s why I asked about altcoins in the first place, because I don’t understand the basic concept of them. “Hmm, if I make a mathematically hard problem to solve and get enough people to solve it, then I can give them xcoins, which they will then use to buy my bitcoins thus earning me money.” Is that pretty much how it works? Boris Galerkin fucked around with this message at 19:07 on Oct 14, 2017 |
# ? Oct 14, 2017 18:58 |
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MaxxBot posted:I've said this before but I'm surprised that no third world dictator has an altcoin named in their likeness, especially since some of those dictators are currently plagued by worthless hyperinflated currency and are seeing a big surge in bitcoin use like in Zimbabwe. Coinye
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# ? Oct 14, 2017 19:12 |
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Boris Galerkin posted:what is the purpose of altcoins The main value proposition is "maybe I can get rich for free too, if I make my own magical Internet money!!" Back when it was all Bitcoin/Litecoin copies, they'd create a coin, pre-mine a fuckload, get it onto an exchange (any exchange) somewhere, hype it up and then dump the premined coins. ICOs have distilled this idea to an even purer form: you just create all the tokens out of thin air, you claim they're for some vague future purpose, and both you and the buyers know you're actually selling them tokens they can gamble with on the exchanges. You get a pile of Ether, you then you cash it out all in one hit and crash ETH on GDAX.
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# ? Oct 14, 2017 19:30 |
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Boris Galerkin posted:what is the purpose of altcoins You cant make your address private, thats a fundamental part of how bitcoin works. Its just anonymous in the sense its pretty meaningless information to a random person if they somehow have the address. What you can do is just change wallet addresses, theres no real inconvenience with doing so other than generating it (those would be attached to an account that is private in the traditional sense)
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# ? Oct 15, 2017 04:13 |
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well, and the fee you pay for moving bitcoins from one wallet to another
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# ? Oct 15, 2017 04:17 |
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QuarkJets posted:well, and the fee you pay for moving bitcoins from one wallet to another No I mean generating a new address within the same wallet service. All I know about is Coinbase, but you can make new wallet addresses on a whim with one click. Since Coinbase is account based those addresses are associated with you automatically and it all deposits in the same "wallet", even though its actually multiple wallets. I might be breaking a lot of technicalities on that but in terms of not wanting certain addresses to show too much you can always do that. Sometimes it auto generates new addresses on its own. Im not sure what conditions causes it to do that though.
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# ? Oct 15, 2017 04:33 |
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1gnoirents posted:No I mean generating a new address within the same wallet service. All I know about is Coinbase, but you can make new wallet addresses on a whim with one click. Since Coinbase is account based those addresses are associated with you automatically and it all deposits in the same "wallet", even though its actually multiple wallets. I might be breaking a lot of technicalities on that but in terms of not wanting certain addresses to show too much you can always do that. Okay but the concern was that someone would see a bunch of bitcoins in a wallet, and the proposed solution was that you could move the bitcoins to some other wallet. Just creating a wallet doesn't really serve any purpose But sure, creating wallets is free
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# ? Oct 15, 2017 06:58 |
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QuarkJets posted:Okay but the concern was that someone would see a bunch of bitcoins in a wallet, and the proposed solution was that you could move the bitcoins to some other wallet. Just creating a wallet doesn't really serve any purpose Yes, if its a concern thats all you can do to my understanding. If someone has access to every wallet you make you probably have other issues
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# ? Oct 15, 2017 20:37 |
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There’s an image out there about how the authorities trace bitcoins to their source the moment you cash them out somewhere, since the ledger is public. It was related to the BTCe bust I think. It doesn’t matter if it’s a new wallet, if you’re transferring the coins from one to another, they’re leaving a trail and you can see all their movements. It’s a terrible system for privacy really. Monero bitcoinz are supposed to be better for this whole privacy thing doing some obfuscation between transfers
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# ? Oct 15, 2017 22:32 |
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The problem is that only people getting drugs or child porn are the ones that really don't want anyone ever even the bank itself where the transaction is going. Kind of beyond the libertarian true believers still out there.
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# ? Oct 15, 2017 22:41 |
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1gnoirents posted:Yes, if its a concern thats all you can do to my understanding. If someone has access to every wallet you make you probably have other issues My point wasn't that someone could see your other wallets, it was that it costs bitcoins to move bitcoins between wallets. It's a small inconvenience But on that, indeed, since bitcoin is a public ledger anyone with the inclination and who has identified you as owning one of the wallets can easily see that you own the other wallets
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# ? Oct 16, 2017 00:27 |
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coincards posted:*Delay Alert* Update, they will send your giftcards
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# ? Oct 18, 2017 21:31 |
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QuarkJets posted:My point wasn't that someone could see your other wallets, it was that it costs bitcoins to move bitcoins between wallets. It's a small inconvenience Well what I mean are addresses, which is the public bit where you can see how much youre mining and so on. You can create new addresses for free and there is no cost to transfer bitcoins between them because they are associated with an account automatically and it pools into the same "wallet". So i could have 5 miners pointed to 5 addresses but it still shows the consolidated amount as if it were one wallet and behaves as one. I assume thats what the original concern was about. If somebody knows an address you use then they can see quite a bit. If thats disconcerting creating new addresses alleviates that unless your actual wallet account is compromised
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# ? Oct 18, 2017 21:55 |
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1gnoirents posted:Well what I mean are addresses, which is the public bit where you can see how much youre mining and so on. You can create new addresses for free and there is no cost to transfer bitcoins between them because they are associated with an account automatically and it pools into the same "wallet". So i could have 5 miners pointed to 5 addresses but it still shows the consolidated amount as if it were one wallet and behaves as one. There's a cost to move bitcoins between wallets, your account is just showing a consolidated balance. When you go to buy something (say a gift card) from your 5 addresses that means paying fees for 5 transactions
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# ? Oct 18, 2017 22:33 |
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QuarkJets posted:There's a cost to move bitcoins between wallets, your account is just showing a consolidated balance. When you go to buy something (say a gift card) from your 5 addresses that means paying fees for 5 transactions Are you sure? I've mined to two addresses at once and I never noticed increased fees (it didn't even distinguish that the funds were coming from two addresses at all). I supposed I could just test it... though I dont want to lol, twice as long for payouts. Speaking of, I hope they tweak the payout limit at Nicehash since the value has tripled since then.
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# ? Oct 18, 2017 22:42 |
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What a lot of Bitcoin companies do is they make the change immediately or they don't use the blockchain for everything. So instead of you being on the Bitcoin address that's just what your wallet is and basically if you get hacked via the exchange you lose everything because none of its on the actual account connected with you. Is the most common problem Bitcoin companies have. They basically play the numbers so they can buy expensive cars while their company is insolvent.
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# ? Oct 18, 2017 22:50 |
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1gnoirents posted:Are you sure? I've mined to two addresses at once and I never noticed increased fees (it didn't even distinguish that the funds were coming from two addresses at all). I supposed I could just test it... though I dont want to lol, twice as long for payouts. Speaking of, I hope they tweak the payout limit at Nicehash since the value has tripled since then. As I said, it's free to have as many addresses as you want, and mining to them won't cost you anything. But if you ever want to actually consolidate those funds then you'll have to pay money to do that (aka moving bitcoins from 5 addresses to 1 address is a transaction, which costs a fee)
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# ? Oct 18, 2017 23:45 |
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# ? Mar 29, 2024 14:35 |
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1gnoirents posted:Are you sure? I've mined to two addresses at once and I never noticed increased fees (it didn't even distinguish that the funds were coming from two addresses at all). I supposed I could just test it... though I dont want to lol, twice as long for payouts. Speaking of, I hope they tweak the payout limit at Nicehash since the value has tripled since then. This sounds like coinbase, and their network fees are enormous for BTC
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# ? Oct 19, 2017 01:40 |