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Another good option is Bitcoin Well for the US and Canada. I started using them last year.
They have an account option that doesn't require KYC but has a higher spread. It is much lower for verified accounts.
They have an OTC desk if you happen to be a whale.
They have an account option that doesn't require KYC but has a higher spread. It is much lower for verified accounts.
They have an OTC desk if you happen to be a whale.
I will check it out, thanks for the tip.
I ended up going with Swanbitcoin over strike. I read some extremely negative review regarding strike.me on trustpilot, and I got scared off.
Swanbitcoin was reasonably easy to get setup. I did have a little trouble getting my bank account setup with them, but their online support helped me through the issues. I made my first purchase yesterday. When using ACH transfers, they do have a 10 day hold on your purchase before you can withdraw. I'm going to test out the withdrawal process and fees. If that goes smoothly, I'll setup the recurring purchase/transfers, and I will provide an update.
I don't use either, but i would suggest you to check these as part of your research.
1. Check whether their withdraw fee is only network fee. One way to find out is by comparing it with TX fee recommendation on https://mempool.space/.
2. Check Bitcoin price/buy rate with other exchange. You can use https://www.coingecko.com/en/coins/bitcoin as comparison.
If you plan to enable auto-withdraw with minimum amount, take note you'll have lots UTXO. It means you'll pay higher TX fee if you plan to send big amount of Bitcoin.
1. Check whether their withdraw fee is only network fee. One way to find out is by comparing it with TX fee recommendation on https://mempool.space/.
2. Check Bitcoin price/buy rate with other exchange. You can use https://www.coingecko.com/en/coins/bitcoin as comparison.
If you plan to enable auto-withdraw with minimum amount, take note you'll have lots UTXO. It means you'll pay higher TX fee if you plan to send big amount of Bitcoin.
Thanks for the tip about the UTXO. I didn't think about that, at all. Definitely made some significant changes to my plans. I'm going to try swan out, but will likely do a monthly buy instead of hourly. I will update thread if I learn anything else useful.
I'm looking at setting up some recurring Bitcoin purchases. I've been doing some research, and I'm interested in Swanbitcoin and Strike. I was wondering if anyone had any feedback or other recommendations.
Recurring availability:
- Swan offers daily, weekly, and monthly recurring purchases
- Strike offers recurring hourly, daily, weekly, and monthly purchases at no fee.
Strike gets the point here. The hourly purchases is pretty sweet.
Deposit & Purchase Fees:
Neither seem to charge a deposit fee if using ACH. I'm planning on creating a middle-man checking account, where I can setup auto deposits from my primary checking account, to provide me some protection from my main account.
- Swan charges .99% for BTC purchases
- Strike offers no fee for recurring purchases. There is .99% for the first week of purchase(s)
Strike gets the point. The 0 fee... too good to be true?
Withdrawal Fees and Minimum Withdrawal amounts:
- Swan charges no fees (beyond network fees) and auto-transfer to multiple addresses (minimum withdrawal amount of .0001 BTC)
- Strike charges no fees (beyond network fees) and auto-transfer to 1 address at specific balances (no minimum withdrawal amount)
Swan gets the point here. I like the idea of sending to multiple addresses.
I'm leaning towards Strike, just because of the 0 fees, otherwise it seems like either are capable of accomplishing my goals. If you have any other recommendations or feedback on these sites, I would appreciate your input.
Thanks!
Recurring availability:
- Swan offers daily, weekly, and monthly recurring purchases
- Strike offers recurring hourly, daily, weekly, and monthly purchases at no fee.
Strike gets the point here. The hourly purchases is pretty sweet.
Deposit & Purchase Fees:
Neither seem to charge a deposit fee if using ACH. I'm planning on creating a middle-man checking account, where I can setup auto deposits from my primary checking account, to provide me some protection from my main account.
- Swan charges .99% for BTC purchases
- Strike offers no fee for recurring purchases. There is .99% for the first week of purchase(s)
Strike gets the point. The 0 fee... too good to be true?
Withdrawal Fees and Minimum Withdrawal amounts:
- Swan charges no fees (beyond network fees) and auto-transfer to multiple addresses (minimum withdrawal amount of .0001 BTC)
- Strike charges no fees (beyond network fees) and auto-transfer to 1 address at specific balances (no minimum withdrawal amount)
Swan gets the point here. I like the idea of sending to multiple addresses.
I'm leaning towards Strike, just because of the 0 fees, otherwise it seems like either are capable of accomplishing my goals. If you have any other recommendations or feedback on these sites, I would appreciate your input.
Thanks!
Is it available in the US?
Yes, it's available in US on Netflix.
Did you have a lot on there? Sounds like it, but I'm hoping not. And yeah, that phrase is so vague as to how fundraising is going to be accomplished that it's meaningless.
I had around 12K KAS. Not terrible, it just hurts. It was the remnants of my original Kaspa wallet that I mined when Kaspa first came out... was worth $0.0002 at that point. I was just trying to clean up some VMs and get some more BTC while the market was down. I get they weren't the most respectable exchange in the universe, but as someone said, they had a lot of altcoins, which I enjoy tinkering with, and respectable volume. Circle of life. Get lucky with Kaspa then Unlucky.
⭐ Merited by The Sceptical Chymist (3)
I thought I was going to make it out alive. They seemed to be restoring wallets as time progressed. They properly showed my Kaspa and USDT balance with Withdraw and Trade disabled, but it's since been replaced with "Promissory Token".
From their site:
"What are these Promissory Tokens?
In order to bring the system fully back online we had to create some temporary promissory tokens. If you have a balance in these tokens, then they will be replaced with the actual asset as funds are raised and brought back into the system. In the meantime, these tokens will earn a monthly interest of 0.5%. We will work to resolve these as quickly as possible."
I had that Kaspa on the exchange for 1.5 days.
"As funds are raised"...
From their site:
"What are these Promissory Tokens?
In order to bring the system fully back online we had to create some temporary promissory tokens. If you have a balance in these tokens, then they will be replaced with the actual asset as funds are raised and brought back into the system. In the meantime, these tokens will earn a monthly interest of 0.5%. We will work to resolve these as quickly as possible."
I had that Kaspa on the exchange for 1.5 days.
"As funds are raised"...
I have some old L3+ laying around. I've been thinking about making a custom box for them, out of wood. Making them look like a nice piece of furniture.
I thought I could pull (2) of the hash boards and the controller board out, install some quiet fans, put a raspberry pi to bridge a wifi connection through the ethernet port, and power the entire thing with a PC 750w PSU. I can get the boards down to about 160 Watts each) Figure I'd be about 400W with the Boards, Controllers, and Fans.
I have some family members that use space heaters quite a bit, and I thought they would get a kick out of watching their wallet tick up, instead of getting $0 for powering their space heater.
Terrible idea, or awesome present? (Fully aware they sell things like this, but I like making stuff.)
I thought I could pull (2) of the hash boards and the controller board out, install some quiet fans, put a raspberry pi to bridge a wifi connection through the ethernet port, and power the entire thing with a PC 750w PSU. I can get the boards down to about 160 Watts each) Figure I'd be about 400W with the Boards, Controllers, and Fans.
I have some family members that use space heaters quite a bit, and I thought they would get a kick out of watching their wallet tick up, instead of getting $0 for powering their space heater.
Terrible idea, or awesome present? (Fully aware they sell things like this, but I like making stuff.)
You can read about old miners like Antminer S9. It is generating 14 Th/s with 1372W power consumption.
The S9 is something that I considered. My thought was just to try running it with 1 board.
Well the two are almost implied as if you're looking for 300W there is less heat to dissipate so less fan spins less noise, also since it's just 10 means less chips so much cheaper 
But efficiency, you're not going to get it compared to the new generation, so ..really hard to come with something.
But efficiency, you're not going to get it compared to the new generation, so ..really hard to come with something.Obviously, I don't just want to burn money, so efficiency does matter, but I'm really just HODLing. I've got to heat my house one way or another, I get to support the network, and maybe some day, my $50 month increase in the electric bill turns into something more. I have a whole bunch of mining stuff that I use to heat my house, but my basement is cold, and I think the wattage range of 300-600 will put me in the Goldilocks zone.
The few things that I've been looking at:
- The S9, likely only running 1 board (I think that's possible) It's very inexpensive, but ancient and inefficient. It would get the job done, but the fan noise is a downside.
- Avalon Nano 3 (Thought about getting a few of these) Seems like they are quiet, and reasonably efficient. Downside of these, it doesn't seem like they quite exist yet, and the purchase process felt a little iffy
https://shop.canaan.io/products/avalon-nano-3?VariantsId=10282
- Apollo BTC Pretty similar to the Nano spec wise, but it's a little more expensive. Purchase process seems legit.
https://shop.futurebit.io/products/pre-order-apollo-btc-a-bitcoin-asic-miner-and-desktop-class-computer-running-a-full-node-and-much-more-batch-1-ships-in-late-april-to-may
Trying to find some BTC miners that are reasonably low power.
Ideal range would be 300-600 watts. Something efficient and quiet. I need the lower wattage as we we limited in the US. Looking for something I cohk
I use Asics to heat my home in the winter, but I need a couple more to really provide complete coverage.
Trying to find something that is efficient, quiet, and not break the bank. Does anybody have any suggestions? Also, must run on 110V.
Ideal range would be 300-600 watts. Something efficient and quiet. I need the lower wattage as we we limited in the US. Looking for something I cohk
I use Asics to heat my home in the winter, but I need a couple more to really provide complete coverage.
Trying to find something that is efficient, quiet, and not break the bank. Does anybody have any suggestions? Also, must run on 110V.
Im also quite interested with this topic. Not yet trying out master node or running nodes but its one of my goal this year to be able to cope and learn to do that as they say that most of the privilege and potential incomes are come from testing and doing node runners. Like some tokens and coins of celestia and other major coins in the past. Maybe its out of my line too but I am willing to learn to OP.
Am I on right inquiry? Or same topic about nodes?
Am I on right inquiry? Or same topic about nodes?
Maybe I will take some notes, and share my journey on the forum.
For testing purposes, yes you can run and experience how it is to operate it but it's no longer an option to make money even staking isn't profitable or I would say not worth the risk we are putting in it. So just learn about the trading if you want to make some money or just with the holding alone so you could be making more money while doing nothing at all and the only job you have to do is to invest on the right projects.
you missed that boat and even then it was more lucrative just to buy and sell than try to mine those coins
Trading is exciting, but doesn't completely satisfy the inner nerd. Although, I have tinkered around with trading APIs, and that is a fun idea... Mining is fun though, and it keeps my house warm in the winter!
Instead of going with masternodes, there goes the staking(PoS) from different projects and that's much better if you'd ask me if you want some passive income. And the gains won't that be much for the good ones but still a passive thing, right?
I realize I'm not going to make a fortune with this, but I just like to tinker. I just haven't really got into the proof of stake stuff much. I do hodl some, but I'm more hopelessly obsessed with mining and PoW coins. I've been reading about this for a few days now, and I'm in. I will document my journey though. Will post it in a different thread, but I'll link to it here.
Thanks for your input, everyone.
Are masternodes even still a thing in 2024? The last time masternodes have been hot was in 2016-2017 with projects like Dash. The cryptocurrency industry has moved to staking now — which makes a bit more sense because it's pretty similar to dividends with stocks.
I'm generally late to the party. I'll probably get into staking in 2031
Experimenting with masternodes on a VM can be cool! The number depends on your machine's power, but you can usually run several. Returns vary, so check each coin's potential gains. It's a mix of tech fun and potential profits and worth a shot if you enjoy both 
That's pretty much what I'm looking for. Really not concerned with the profits too much, as the machine is just sitting there most of the time anyways. But, yeah... just looking for something to nerd out on this weekend.
If anyone else has any feedback on coins to avoid, I'd appreciate it. My first one will probably be something with a extremely low entry cost, just to dip my toes in the waters.
Reading a lot about masternodes of a bunch of different coins.
Interested in setting some up as a test on a VM.
- Anybody have much experience with them?
- How many do you think you can run on 1 machine.
- worth the trouble?
Seems like there is some decent info out there, but do you see some return on the work?
Thanks,
IdMineThat
Interested in setting some up as a test on a VM.
- Anybody have much experience with them?
- How many do you think you can run on 1 machine.
- worth the trouble?
Seems like there is some decent info out there, but do you see some return on the work?
Thanks,
IdMineThat
You try to act like hunters who have recently come to hunt and begin to divide the unkilled prey among themselves.
Fair. A kitten is still technically a hunter. I am sincerely just trying to learn.
Bitcoin is not primarily protected by legal laws that will not help ordinary citizens. Bitcoin is protected by mathematical laws that are fairer.
That, is rather lovely.
If someone randomly selects the exact same private key with yours (which is immeasurably improbable to happen), then two people have custody of the coins, and either of them can spend them to themselves. No, there is no law that protects you from such scenario.
Thanks! I think that's kind of the beauty of the challenge really, even at 266, nobody has figured it out in years.
I was just reading through the puzzle/challenge stuff, experimenting with some code, and naturally I tried hashing "password", which resulted in an address that did receive and send bitcoin. So, I started trying other random words, phrases, etc... I got a surprising amount of hits. I figure most of them are done comically, sarcastically, but I found it interesting, and wanted to see what the consensus was, or if there were any previous court rulings, or real world examples of this.
Random and clone were a poor choice of words.
Let's say that someone hashed something, a book, a phrase, a word, etc... and used that hash as a private key to generate an address. You happen to generate the same private key, in the same manner. If there is a balance on that address, and you have the key, do you own it? The mantra, "Not your keys, not your coin" comes to mind.
I'm no lawyer, but seems to me there ain't really any laws yet dealing with newfangled digital coins like cryptocurrencies specifically. But we can take a look at the legal framework around regular physical stuff people find and draw some parallels maybe.
Way I understand it, whether you get to keep something you find depends on the details, like how and where did you find it, what is it exactly and whats legal in your jurisdiction.
General rule of thumb is if whatever it was got abandoned - as in, the owner done gave up on getting it back and said sayonara - then finder's keepers. You find it, it's yours now.
Few exceptions though. Say it's property whats been lost, just misplaced accidental-like and the owner still aims to come back for it. Or it's stolen goods that got taken without permission. Then finding it don't entitle you to squat.
So in the case of cryptocurrencies it'd come down to the specifics I reckon. If theyre truly abandoned with no chance the owner tries tracking them down again, you could argue they're legally yours now. But if they're lost or stolen, probably not. Of course, that's just my casual understanding. Like I said, aint no lawyer here.
Well said.
I do feel like the lost property argument would be challenging to win on (also not a lawyer). If you didn't have the key, it would be really difficult to prove an address was "yours"
Let's say that someone hashed something, a book, a phrase, a word, etc... and used that hash as a private key to generate an address. You happen to generate the same private key, in the same manner. If there is a balance on that address, and you have the key, do you own it? The mantra, "Not your keys, not your coin" comes to mind.
Hypothetically, if some was able to crack a BTC address with key, Do they own the coin?
I'm no lawyer, but seems to me there ain't really any laws yet dealing with newfangled digital coins like cryptocurrencies specifically. But we can take a look at the legal framework around regular physical stuff people find and draw some parallels maybe.
Way I understand it, whether you get to keep something you find depends on the details, like how and where did you find it, what is it exactly and whats legal in your jurisdiction.
General rule of thumb is if whatever it was got abandoned - as in, the owner done gave up on getting it back and said sayonara - then finder's keepers. You find it, it's yours now.
Few exceptions though. Say it's property whats been lost, just misplaced accidental-like and the owner still aims to come back for it. Or it's stolen goods that got taken without permission. Then finding it don't entitle you to squat.
So in the case of cryptocurrencies it'd come down to the specifics I reckon. If theyre truly abandoned with no chance the owner tries tracking them down again, you could argue they're legally yours now. But if they're lost or stolen, probably not. Of course, that's just my casual understanding. Like I said, aint no lawyer here.
Well said.
I do feel like the lost property argument would be challenging to win on (also not a lawyer). If you didn't have the key, it would be really difficult to prove an address was "yours"
I've been reading a lot about the 1000 BTC bounty for cracking a range of private keys.
It made me think... Hypothetically, if some was able to crack a
BTC address with key, Do they own the coin?
Been reading through the Bounty and had the good & evil pop up on my shoulder.
Beyond the ethical ramifications are there laws projecting you if someome randomly clones your private key?
How do you own a key?
It made me think... Hypothetically, if some was able to crack a
BTC address with key, Do they own the coin?
Been reading through the Bounty and had the good & evil pop up on my shoulder.
Beyond the ethical ramifications are there laws projecting you if someome randomly clones your private key?
How do you own a key?
Just wanted to give your site a compliment.
Just started Litecoin mining recently. I've been testing on a variety litecoin/merged site, but I really like your layout. It's simple, but it's artfully beautiful. Everything on the page is relevant, no flashy bs. I really love it.
Thanks for your service!
Just started Litecoin mining recently. I've been testing on a variety litecoin/merged site, but I really like your layout. It's simple, but it's artfully beautiful. Everything on the page is relevant, no flashy bs. I really love it.
Thanks for your service!
Hi,
I've been screwing around with a yiimp mining pool and was curious if anybody knew why the default yiimp settings for Minimum difficulty and Maximum difficulty were chosen? Is there any significance to these numbers?
#define YAAMP_MINDIFF 0x0000000080000000
#define YAAMP_MAXDIFF 0x4000000000000000
0x0000000080000000 = 2,147,483,648 = 231
0x4000000000000000 = 4,611,686,018,427,387,904 = 262
I've been screwing around with a yiimp mining pool and was curious if anybody knew why the default yiimp settings for Minimum difficulty and Maximum difficulty were chosen? Is there any significance to these numbers?
#define YAAMP_MINDIFF 0x0000000080000000
#define YAAMP_MAXDIFF 0x4000000000000000
0x0000000080000000 = 2,147,483,648 = 231
0x4000000000000000 = 4,611,686,018,427,387,904 = 262
⭐ Merited by Lucius (1)
Just wanted to say thank you for everybody's feed back on this. I ended up printing $20 BTC notes for Christmas presents. Half of the people gave me the oh, thanks. Half of the people were really exciited.
Anyways, thanks for your help! It was a fun learning project.
Anyways, thanks for your help! It was a fun learning project.