My question has always been where do you put your coins when selling? If I sell a token it automatically goes to Bitcoin … but you’re still exposed to crypto volatility. To sell that Bitcoin and transfer it back to my bank just doesn’t make sense. Is there a way to leave it as dollars somewhere? Also, is there offline storage for all the other misc tokens?
Bitcoin mining is what gives bitcoin value. Miners are not so much solving a math problem as they are spending a lot of effort making guesses until they guess correctly. Bitcoin works by having a linked set of "blocks" of transaction records that document who has what bitcoin. To make bitcoin work, they needed some way to ensure that the record of blocks is immutable, i.e. nobody can change it. The way they accomplished this was to create the concept of mining. Miners take a current set of transactions, which includes a link to the last set accepted, and make many trillions of guesses, each time putting a number into the "nonce" field of the block header. The block header is run through a hash function, also known as a "one-way" or "trap-door" function. In this case, the SHA-256 hash function is used twice. If the output of the hash function is below a threshold value, then the block is valid, is accepted by other miners, and the miner who guessed correctly is rewarded with the block reward, currently 25 bitcoins. The lower the hash function output threshold, the harder it is to provide a guess that will cause the output of the hash function to be low enough, and just how low the threshold is is determined by something called bitcoin "difficulty." Difficulty adjusts every two weeks so that no matter how much mining is happening worldwide, a new block continues to be created every 10 minutes on average. It's a little hard to get your head around, but as soon as you do you'll see that bitcoin has created the world's first immutable ledger, the Blockchain. What you write in it, stays in it. Bitcoin is a currency that is the first asset tracked on the Blockchain, and because it is used to pay the miners, Bitcoin and the Blockchain are intertwined. But as long as the Bitcoin ecosystem continues to roar away, you can use the Blockchain to write anything down forever.
Bitcoin is making headlines in mainstream media on a daily basis, and deservedly so. It's the grandaddy of all cryptocurrency and, with few exceptions, tends to dictate the profitability of all other alt coins beneath it. On a value-per-coin level, it's worth far more than any other digital currency in existence -- and there are more than 1000 of them. Stuff like Litecoin, Dogecoin, Electroneum, Ravencoin, Ethereum, and GRAFT.
Like we mentioned previously, in order to send or receive bitcoins you will need to have a bitcoin address. You can get a bitcoin address either by downloading the bitcoin client or by getting an online wallet. The two most popular btc clients are Bitcoin-qt and Multibit. The main difference between these two clients is in the size of the block chain that needs to be downloaded. If you decide to go with Bitcoin-qt, have at least 10 Gigabytes free space on your hard drive for the block chain. As Bitcoin-qt is the ‘’official’’ bitcoin client, if you can spare 10 GB, go for this option. Here’s a page that has step by step instructions on installing Bitcoin-qt.
As you can see on the picture, you can only set the stoploss as a distance from the current price (in the pic this is set as 50 points). The default is 88 points below entry. This is exactly where my stop was, 88 points below 935 at 847. There is a trailing stoploss option but despite my best efforts, I couldn’t make it work. So essentially, once you set your stoploss on Btc.sx, you’re stuck with it.
Any new industry is full of scams and the Bitcoin and Crypto industry is no exception. From scam coins to mining rigs and contracts there are a multitude of methods to steal your hard earned cash and pull the wool over your eyes. So how do you identify a Bitcoin scam. Well it's really difficult for anyone to know and the scam artists are becoming more clever.
The quickest way to make money through Bitcoins is that you should go straight to the markets. Go for the reputable and reliable Bitcoins exchanges operating in the market. Its similar to foreign exchange (forex), where fiat currencies from across the globe are traded 24 hours a day. But it will be more beneficial for you to learn and understand cryptocurrency trading techniques and tactics before involving in any trading procedure. You can find some decent learning resources here.
The problem with having an algorithm that is "easy to mine with" (referring to the ability to CPU or GPU mine profitably) is that mining should be hard in order to secure the network. When a mining algorithm is difficult to make ASICs for, there is a higher barrier to entry. A high barrier to entry increases the time that the first group to create ASICs will monopolize the market (and the time the network is vulnerable to a 51% attack from a single source). Many argue that the creators or the developers could simply change the mining algorithm when an ASIC is developed, but this defeats the purpose of decentralized consensus by causing centralization.
In February 2014 the world's largest bitcoin exchange, Mt. Gox, declared bankruptcy. The company stated that it had lost nearly $473 million of their customers' bitcoins likely due to theft. This was equivalent to approximately 750,000 bitcoins, or about 7% of all the bitcoins in existence. The price of a bitcoin fell from a high of about $1,160 in December to under $400 in February.
Hello everyone. I thought I'd start a new idea ... as this could be the final drop ... I do hate saying "final", but things are setting up for a bottom retest. Let me explain. For over 2 months we've been stuck below 6.8k ... aside from one crazy wick due to tether devaluation on 15 Oct, which I am ignoring. Although this in itself is not really a big deal, ...
If you do choose to mine cryptocurrency, you will essentially do so to accomplish three main things. The first is to essentially provide a bookkeeping service to the coin network. You are basically providing a computer accounting service 24/7; you will get a paid a very small reward for these services, and this will be paid to you by you receiving a fraction of coins every couple of days; you should also place focus on keeping your personal costs down, which should include electricity and hardware. If you follow these three simple tips, you have the opportunity to mine crypto coins effectively.
Transactions that occur on the network such as, “Alice sends 10 bitcoins to Bob”, are collected by a miner and bundled up into a block. The miner then verifies that all transactions in the block are valid, as if he attempts to submit a block with an invalid transaction, the block will be rejected. An example of an invalid transaction would be Alice sending 10 Bitcoins to Bob, even though she does not have 10 Bitcoins to send.
An increase in cryptocurrency mining increased the demand of graphics cards (GPU) in 2017. Popular favorites of cryptocurrency miners such as Nvidia’s GTX 1060 and GTX 1070 graphics cards, as well as AMD’s RX 570 and RX 580 GPUs, doubled or tripled in price – or were out of stock. A GTX 1070 Ti which was released at a price of $450 sold for as much as $1100. Another popular card GTX 1060's 6 GB model was released at an MSRP of $250, sold for almost $500. RX 570 and RX 580 cards from AMD were out of stock for almost a year. Miners regularly buy up the entire stock of new GPU's as soon as they are available.
But…that said, if you are looking to mine as a hobby, and have the initial startup costs that will buy you all of the equipment that you require, it can be really great, and overtime, you can make a couple of dollars a day doing so. Certain coins, such as Litecoins, Dogecoins and Feathercoins are easier and more accessible to mine, and people can expect to make up a lot of their hardware costs in one and a half to two years.
Thanks to some great partnerships we have established with hardware producers, as well as to our large scale purchases, we get better prices on our employed technology. This means we buy the hardware cheaper than the market price. What also bears great importance, considering the maintenance costs, is the storage of the miners: we have several farms around the globe, and each location was chosen to fulfill two important criteria: cheap electricity supply and little or no need for cooling.
Once again, Bitcoin is dangerously close to the local lows. Since June, we have many times seen that bulls stand up for protection of the benchmark of the cryptocurrency on the falls to around $6100. Meanwhile, reversals to decline on the BTCUSD pair are happening on low levels. Last week, the reach of just $6500 became a turning point to the next reversal. It ...
Common sense doesn't apply for some traders. In October, Spatafora started trading bitcoin, litecoin and ethereum to learn about the market and understand whether any of the coins were undervalued. Instead, he found that many of the investors exhibited irrational exuberance in believing the virtual currencies would never stop their climb in the market.
Two members of the Silk Road Task Force—a multi-agency federal task force that carried out the U.S. investigation of Silk Road—seized bitcoins for their own use in the course of the investigation. DEA agent Carl Mark Force IV, who attempted to extort Silk Road founder Ross Ulbricht ("Dread Pirate Roberts"), pleaded guilty to money laundering, obstruction of justice, and extortion under color of official right, and was sentenced to 6.5 years in federal prison. U.S. Secret Service agent Shaun Bridges pleaded guilty to crimes relating to his diversion of $800,000 worth of bitcoins to his personal account during the investigation, and also separately pleaded guilty to money laundering in connection with another cryptocurrency theft; he was sentenced to nearly eight years in federal prison.
Hi, could you review Coinut? www.coinut.com It is a Singapore registered exchange platform, and it claims that they using C++ so that having a smooth experience (not too sure though). It also support fiat currency (USD & SGD). They are having a low transaction fee for takers and FREE for makers tho. Seems like the founder are graduated from National University of Singapore (NUS - pHD in CS) and he is also one of the early members of Litecoin developer. Please do check it out and review! As sometimes I really struggle which to use.
The broker boasts fast delivery and easy ID verification which makes trading small amounts of bitcoins particularly easy. Buying and selling larger volumes of the popular cryptocurrency, though, is a bit tougher due to the strict ID verification requirements. As for fees, the e-wallets come with higher charges while SEPA, SOFORT, GIROPAY, and EPS have very low fees.
Historically, bitcoin prices have exhibited high volatility. In absence of regulations, volatility can be used by the unregulated brokers to their advantage and to a trader’s disadvantage. For example, assume the intraday bitcoin rate fluctuates from $500 to $530 U.S. dollars per bitcoin. For an incoming deposit of 2 bitcoins, the unregulated broker may apply lowest rates to credit the trader $1,000 (2 bitcoins * $500 = $1000). However, once the trader is ready to make a withdrawal, the broker may use the lowest exchange rate and instead of the original 2 bitcoins deposited, the trader only receives 1.88679 bitcoins ($1,000/$530 = 1.88679 bitcoins). In reality, the unregulated broker may be exchanging bitcoins and dollars at say $515, and pocketing the difference at the expense of the client. (For more see Why Is Bitcoin's Value So Volatile?)
Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin. Generally, they project themselves as better substitutes to Bitcoin. The success of Bitcoin as the first peer-to-peer digital currency paved the way for many to follow. Many altcoins are trying to target any perceived limitations that Bitcoin has and come up with newer versions with competitive advantages. As the term 'altcoins' means all cryptocurrencies which are not Bitcoin, there are hundreds of altcoins.
Bitcoin bear trend comes to a close with the final wave of capitulation which has effectively shaken out all weak hands. The only people in the market right now are optimists. Money flow into the market at this point will directly result in price appreciation without much resistance. All of this is going to happen fast. Keep calm and fill your bags.
While it is too early to remark on the Monero contract in great detail - as I just purchased it, I am very satisfied with my early experience with Genesis Mining. My questions were addressed with informative and thoughtful responses. The user experience is intuitive. I have already recommended Genesis Mining to friends and family members. Moreover, I have upped my investment as I feel that I am working with a team that values integrity.
Created in April 2011, Namecoin was the first altcoin. Although it also functions as a currency, Namecoin’s primary purpose is to decentralize domain-name registration, which makes internet censorship much more difficult. As its place among the top ten cryptocurrency market caps suggests, Namecoin has remained one of the most successful altcoins throughout its short lifespan.
Some of the notable adopters as of late include Richard Branson’s Virgin Galactic. You can now buy a private flight into space with your bitcoins. Zynga, the facebook games platform, offered the bitcoin payment option to players in “FarmVille 2”, “CastleVille” and other games. Major adult websites are also starting to accept the new currency as a means for payment.
The Bitcoin mining network difficulty is the measure of how difficult it is to find a new block compared to the easiest it can ever be. It is recalculated every 2016 blocks to a value such that the previous 2016 blocks would have been generated in exactly two weeks had everyone been mining at this difficulty. This will yield, on average, one block every ten minutes.
Last week, cryptocurrency mining company Bitfarms filed a preliminary prospectus with the Ontario Securities Commission (OSC) in a bid to offer public shares on one of Canada’s most prominent bourses, reported Calcalistech on November 12, 2018. Shifting to Booming Canada Bitfarms CEO Wes Fulford noted Canada has “one of the most active public markets” in the burgeoning blockchain sector, with…
Finally, if you want low fees but still want to go the traditional exchange route, I’d recommend either Gemini, a New York-based site which offers some of the lowest fees around (but doesn’t operate in all states so check first to see if your state is catered for), or Kraken, which also charges low fees but can be a bit tricky for new users and the customer service isn’t all that great.
Mining Ethereum can be done in a variety of ways - you can buy a cloud contract and get someone else to do all the hard work for you, or you can do it yourself and get your GPU, or Graphics Card, up and running. However the efficiency of your graphics card can vary a lot and picking one can be quite difficult. What we have done is make the process easier for you by picking a handful of suppliers and showing you how to choose which GPU mines the most and which GPU is the best value for money.
Predictious.com is a betting websites that matches buyers and sellers and doesn’t price the options themselves. Besides betting on bitcoin’s demise or rally, you can also try to predict the next winner of the Oscars or bet on which party win control the US Senate after the 2014 elections. Currently the site takes bitcoin deposits only. Predictious does accept US clients.