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wolrah
May 8, 2006
what?

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?

I have no idea whats going on and didn't pry but she did not look like the bitcoin type, she hardly knew how a computer worked.

How bad is she getting scammed.

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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Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

I turned off my mining machine today, value is just too low for dual 1080ti

No burrito for the next few days

Fauxtool
Oct 21, 2008

by Jeffrey of YOSPOS
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.

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
Still mining, value is bigly.

1gnoirents
Jun 28, 2014

hello :)

Risky Bisquick posted:

Still mining, value is bigly.

Hooray $5220 *confetti*

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

Fauxtool posted:

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.

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!

1gnoirents
Jun 28, 2014

hello :)

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

Stealthgerbil
Dec 16, 2004


I am mining vertcoins now because I am diseased.

J33uk
Oct 24, 2005
Looks like burritos are back on the menu as we've blasted past 5k.

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

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.

Fauxtool
Oct 21, 2008

by Jeffrey of YOSPOS
the market is always strong only humans are weak

1gnoirents
Jun 28, 2014

hello :)
I know I just went Omg just this morning but it just hit $5700 ... lol

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

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!"

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord

quote:

*Delay Alert*

Coincards.ca continues to face very high volumes. Current delays to all new orders are approximately 48-72 hours or more.

We are continuing to push through our volumes as quickly as possible. During this time, we ask you please refrain from creating tickets in regards to processing times until this message has been cleared. Creating tickets takes away resources allocated to processing orders.

This volume was definitely unexpected, and a direct result of Bitcoin price gains. We apologize for any delays, however we are making our best efforts to be as transparent as possible.

Thank you for your understanding,
- Coincards.ca

CAD crazies take note

Fauxtool
Oct 21, 2008

by Jeffrey of YOSPOS
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

MaxxBot
Oct 6, 2003

you could have clapped

you should have clapped!!
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.

Kazinsal
Dec 13, 2011



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 :allears:

Stanley Pain
Jun 16, 2001

by Fluffdaddy
Stay safe ghost of coincards.ca :ohdear:

I was JUST about to drop another $300 into them for a newegg GC too.

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
Don’t overwhelm them, it’s a two man team collecting more bigly margins than claymore or nanopool, combined :kheldragar:

Boris Galerkin
Dec 17, 2011

I don't understand why I can't harass people online. Seriously, somebody please explain why I shouldn't be allowed to stalk others on social media!
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

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
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.

MaxxBot
Oct 6, 2003

you could have clapped

you should have clapped!!
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.

Boris Galerkin
Dec 17, 2011

I don't understand why I can't harass people online. Seriously, somebody please explain why I shouldn't be allowed to stalk others on social media!

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

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord

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 :snoop:

divabot
Jun 17, 2015

A polite little mouse!

Boris Galerkin posted:

what is the purpose of altcoins

why doesn't everyone just mine bitcoins

serious question

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.

1gnoirents
Jun 28, 2014

hello :)

Boris Galerkin posted:

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

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)

QuarkJets
Sep 8, 2008

well, and the fee you pay for moving bitcoins from one wallet to another

1gnoirents
Jun 28, 2014

hello :)

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.

QuarkJets
Sep 8, 2008

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.

Sometimes it auto generates new addresses on its own. Im not sure what conditions causes it to do that though.

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

1gnoirents
Jun 28, 2014

hello :)

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

But sure, creating wallets is free

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

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

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

Axe-man
Apr 16, 2005

The product of hundreds of hours of scientific investigation and research.

The perfect meatball.
Clapping Larry
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.

QuarkJets
Sep 8, 2008

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

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord

coincards posted:

*Delay Alert*

Update - October 17th: All Non-Amazon Gift Card orders have been processed and should not face any further delays.

All Amazon Gift Card orders placed before October 17th should be processed shortly.
All Amazon Gift Card orders placed on or after October 17th are still subject to a 24-48 hour delivery period.

We are working hard to get these orders out as quickly as possible and have made some internal changes which should help the situation moving forward, however those changes may not be fully enacted until October 19th.

We are continuing to ask you please refrain from creating tickets in regards to processing times until this message has been cleared. Creating tickets takes away resources allocated to processing orders.

We apologize for any delays, however we are making our best efforts to be as transparent as possible.

Thank you for your understanding,
- Coincards.ca

Update, they will send your giftcards

1gnoirents
Jun 28, 2014

hello :)

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

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

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

QuarkJets
Sep 8, 2008

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.

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

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

1gnoirents
Jun 28, 2014

hello :)

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.

Axe-man
Apr 16, 2005

The product of hundreds of hours of scientific investigation and research.

The perfect meatball.
Clapping Larry
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.

QuarkJets
Sep 8, 2008

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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Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord

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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