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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

FOUNDER AND PRESIDENT OF THE KUATO FAN CLUB 4/2/13-PRESENT

KUATO IS MY HERO! AMA!


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



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.


Still mining, value is bigly.

1gnoirents
Jun 28, 2014


Risky Bisquick posted:

Still mining, value is bigly.

Hooray $5220 *confetti*

Comfy Fleece Sweater
Apr 2, 2013

FOUNDER AND PRESIDENT OF THE KUATO FAN CLUB 4/2/13-PRESENT

KUATO IS MY HERO! AMA!


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


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 15, 2004


I am mining vertcoins now because I am diseased.

J33uk
Oct 23, 2005


Looks like burritos are back on the menu as we've blasted past 5k.

Comfy Fleece Sweater
Apr 2, 2013

FOUNDER AND PRESIDENT OF THE KUATO FAN CLUB 4/2/13-PRESENT

KUATO IS MY HERO! AMA!


1gnoirents posted:

$1 a day on... two 1080tis? Something was just plain wrong then. Maybe it was mining some garbage thing

Iíve diagnosed the problem to a poo poo TPLink WiFi adapter dropping connection every few hours -_-

But when itís working itís about 3-5 USD so yeah, market has not crashed.

Fauxtool
Oct 21, 2008



the market is always strong only humans are weak

1gnoirents
Jun 28, 2014


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

Comfy Fleece Sweater
Apr 2, 2013

FOUNDER AND PRESIDENT OF THE KUATO FAN CLUB 4/2/13-PRESENT

KUATO IS MY HERO! AMA!


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.


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



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

I'm the tortoise in the race, but I'm a joyful tortoise.


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

Stanley Pain
Jun 16, 2001

Bit. Trip. RIP.


Stay safe ghost of coincards.ca

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.


Donít overwhelm them, itís a two man team collecting more bigly margins than claymore or nanopool, combined

Boris Galerkin
Dec 17, 2011


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 Oct 14, 2017 around 17:30

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.


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 youíre 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. Itís money laundering through and through, but we get burritos so Iím cool with it.

MaxxBot
Oct 6, 2003

I'm the tortoise in the race, but I'm a joyful tortoise.


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


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 thatís why I asked about altcoins in the first place, because I donít understand the basic concept of them.

ďHmm, 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.Ē

Is that pretty much how it works?

Boris Galerkin fucked around with this message at Oct 14, 2017 around 18:07

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.


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

divabot
Jun 17, 2015

Why should I follow your Founder when he is not an Eighth Level anything outside his own cult?

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


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

Donald 'Duck' Dunn: "We had a band powerful enough to turn goat piss into gasoline."

(QuackJets.)
~SMcD


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

1gnoirents
Jun 28, 2014


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

Donald 'Duck' Dunn: "We had a band powerful enough to turn goat piss into gasoline."

(QuackJets.)
~SMcD


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


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

FOUNDER AND PRESIDENT OF THE KUATO FAN CLUB 4/2/13-PRESENT

KUATO IS MY HERO! AMA!


Thereís 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 doesnít matter if itís a new wallet, if youíre transferring the coins from one to another, theyíre leaving a trail and you can see all their movements.

Itís 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 Terror the South has travelled North for more Slaughter!


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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QuarkJets
Sep 8, 2008

Donald 'Duck' Dunn: "We had a band powerful enough to turn goat piss into gasoline."

(QuackJets.)
~SMcD


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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