Will miners be motivated to step in and power diesel generators to mine Bitcoin, Litecoin, and other Proof-of-Work coins? Seems logical as oil prices will likely drop--or remain suppressed, in coming months
Cointiply Bitcoin Faucet - One of the most versatile and many ways to earn coins. From answering surveys to chat can generate those coins that can be exchanged into crytocurrencies like Bitcoin or Ethereum.
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So instead of (or supplementary to) the traditional advertising-based websites, there is a possibility of trading CPU cycles (aka BitCoin generation) for access to content - for example, instead of requiring a purchase of a subscription, perhaps allow people to run a BC generator plugin. This could be a decent way to support small-to-medium sized websites - thoughts?
04-16 14:14 - 'I've always thought it was stupid. I think they put "coin" in a random domain name generator and "CoinMama.com" was the best result.' by /u/kratlister removed from /r/Bitcoin within 3-13min
I feel like such an idiot 'cause I lost my bitcoins to mSIGNA wallet by using a newly generated invoice address to try and receive the coins. Now the coins wont show and I cant connect to the node to be able to extract them out to electrum. Please help! :(
Update: I managed to send the coins out to electrum with the help of deminero30 setting up a qt node for me to connect to. But my nubiness went and put a very low fee so god knows how long or if the transaction will happen lol.
I've recently been generating a fair number of BitCoins, and I was wondering whether anyone was selling VX parts for them. I've checked a couple of markets, including #bitcoin-otc, but I couldn't find anything. In particular, I'm looking for phase insulating plates (lightly used only, please!), quarter-inch threaded Envel-safe standoffs, a galvanic membrane, and a flux meter rated for at least 0.9 delta with under 2% error. I have about 2000.00 BTC to play with. On a related note, has anyone experimented with using VXes for BitCoin generation? I know the nondeterministic trans-temporal vector field ought to be usable for parallel integer hashing operations, but BitCoin miners are currently all written targeting OpenCL, and it's tough to implement that standard if you can get answers before you ask for them.
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To everyone slamming the altcoins for too many bugs, remember, Bitcoin is NOT immune either: From March 2017 to September 2018 there was a bug in Bitcoin Core that not only allowed users to crash ANY node on the network, but also allowed users to double spend undetected and generate new coins...
Noob question: how far away in time can BitCoin scale?
I think I have a good grasp on BitCoin concepts, and here is my concern: It seems to me that the "value backing" of this currency is the computing power of the BitCoin network of miners. This network exists because mining is, right now, reasonably profitable. However, if I understand it correctly, there will be less and less BitCoins generated over time, and there's a constant arms-race of miners, so, do profits over computing power will tend to diminish over time. I understand that right now, and for some time to come, the diminishing returns of mining are comfortable outrunned by the long-term value gain of the currency relative to other currencies. However, there are at least two scenarios where I find problems: 1st, as I understand, the number of max BitCoins is fixed at 21 million. Is this correct? What happens where there are 20.5 million coins in play and it is ridiculously expensive to mine it? I undertsand that the currency is in itself deflationary, so profits for mining it would tend to go up inherently over time. However, isn't there a place where the computing power that needs to invested is just too much to make a profit? What is the incentive for mining then? Second problem would be: if BitCoin grows and becomes a main form of currency, it is widely used. Mining spikes for a while, as time goes by a lot of miners just drop off the mining business because it's not profitable and the BitCoin network loses nodes. Is there any level of conflict between the number of transactions that are made vs the number of miners required to verify those transactions? Does the increased use of the currency require an increased farming base? Is there not a place where this could crash? Thank you, I'm a fan of BitCoin although not a part of my economic life right now, but I'm very interested and want to have a good understanding of this.
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