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Showing 9 of 9 results by JakethePilot
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Topic
Board Beginners & Help
Re: I'm new here...
by
JakethePilot
on 19/04/2013, 04:50:05 UTC
Good post to begin with. These are exciting times. We're all fortunate to get in at the beginning of Bitcoin.
Post
Topic
Board Beginners & Help
Re: Safest storage for bitcoins?
by
JakethePilot
on 19/04/2013, 04:42:53 UTC
Bitcoin wallet is good. USB is better. Paper wallet/writing it down on paper is by far the best.
I don't have too many bitcoin but hopefully in the future they will grow in value so much that I will have no choice but to put the private keys in a physical safe.
Here's to hoping.
Post
Topic
Board Beginners & Help
Re: How fast will the bitcoin mining difficulty increase?
by
JakethePilot
on 19/04/2013, 03:49:44 UTC
All the reading I've been doing on the rest of the forum has lead me to believe that I started GPU pool mining wayy too late unfortunately.
The mining difficulty will increase an immense amount in the following weeks.
Post
Topic
Board Beginners & Help
Re: How does mining work?
by
JakethePilot
on 19/04/2013, 03:37:43 UTC
I appreciate smaller posts like this, informative and to the point.

If you don't have a big rig devoted to mining only, I would recommend joining a pool. It is consistent but small amounts of money.
Can't really complain since the computer is doing all the work.  Wink

I've heard about pools... How do you start looking for those? It's like groups of miners right? And if there are 5 miners you get 20%, 10 miners you get 10% etc.

The way that I found the pool that I am a part of was simply googling it. I have a Macbook Pro and so therefore I was slightly limited to what pools I could join. I found one that would work for my situation and went from there. No problems so far and have seen small profits!
And yes a bunch of miners crunch the numbers together, and the profits are divided up according to the rules of the pool you're involved in and how many people are a part of the pool.
Post
Topic
Board Beginners & Help
Re: The Price Of Bitcoins Has Lowered!
by
JakethePilot
on 19/04/2013, 03:22:46 UTC
The Clark Moody site is a great tool to keep track of current prices.
It aided me in buying a few bitcoins when it was down at $51 recently and now its up to $116!

Hopefully over time I will see a much greater return on this small investment.
Post
Topic
Board Beginners & Help
Re: How does mining work?
by
JakethePilot
on 19/04/2013, 03:11:02 UTC
I appreciate smaller posts like this, informative and to the point.

If you don't have a big rig devoted to mining only, I would recommend joining a pool. It is consistent but small amounts of money.
Can't really complain since the computer is doing all the work.  Wink
Post
Topic
Board Beginners & Help
Re: Introduce yourself :)
by
JakethePilot
on 18/04/2013, 17:01:20 UTC
Hey,
I've been watching Bitcoin prices and reading through this forum a lot recently.
I'm excited to see what Bitcoin will develop into in the future.
Post
Topic
Board Beginners & Help
Re: Official Newbie BitInstant Support Thread (Active Customer Support)
by
JakethePilot
on 18/04/2013, 16:42:09 UTC
I have used your service twice to acquire bitcoins. The service is seamless and easy to use. I used the Moneygram option. I found your service to be the easiest and most economical way to acquire bitcoins for cash.

Thank You


I used bitinstant for my first bitcoin purchases and it worked great. Keep up the good work.
Post
Topic
Board Beginners & Help
Re: Trust No One
by
JakethePilot
on 18/04/2013, 16:40:21 UTC
This is a great post (at least the first couple pages) for someone new to Bitcoin like myself.
I'm glad it was one of the first posts that I read on this forum.