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Re: Bitduino: Generate bitcoin addresses randomly using Arduino
To test the rng, I am running it on a loop right now to generate 100,000 private keys. When it finishes in a few days, I will upload the results to pastebin and put them here for everyone to see and test.
Looking forward to those results
Hello,
I have a little money that was given to me through inheritance (About £7500, $11,700) and I am thinking of investing it in Bitcoin, I am wondering whether to buy bitcoin direct or buy some hardware and mine it myself, I used to mine with GPU back in the day and then moved to altcoins and I loved it, The whole feeling of just seeing your hardware working.
But I am wondering what is best. Especially with electricy costs in the UK and such.
I would appreciate any advice?
Thanks
JohnLight95
I have a little money that was given to me through inheritance (About £7500, $11,700) and I am thinking of investing it in Bitcoin, I am wondering whether to buy bitcoin direct or buy some hardware and mine it myself, I used to mine with GPU back in the day and then moved to altcoins and I loved it, The whole feeling of just seeing your hardware working.
But I am wondering what is best. Especially with electricy costs in the UK and such.
I would appreciate any advice?
Thanks
JohnLight95
As far as I know, It is counted as IP and not a currency. Therefore collecting any "debt" would be bordering harrasment.
What if you are in a Debt Management Plan or IVA for example and cant afford any payments apart from what you are legally bound to pay, I dont think there would be any way to enforce collecting a bitcoin loan in the eyes of the law.
Thats not to say that when it does become a counted currency, which hopefully it will that you wouldnt be able to chase it. But I dont think anyone is even obliged to pay it once you have loaned it out.
What if you are in a Debt Management Plan or IVA for example and cant afford any payments apart from what you are legally bound to pay, I dont think there would be any way to enforce collecting a bitcoin loan in the eyes of the law.
Thats not to say that when it does become a counted currency, which hopefully it will that you wouldnt be able to chase it. But I dont think anyone is even obliged to pay it once you have loaned it out.
Hi,
I was wondering, is a MultiBit created wallet compatible with Bitcoin-QT? What are the dangers of having a "lite" wallet like MultiBit? I'm thinking of getting myself a secure wallet for me to deposit into (a savings wallet) but I would rather it be in MultiBit than Bitcoin-QT. This is because if I plug it in once a year to withdraw (the savings wallet) I don't want to have to download the whole blockchain...
Thanks
I was wondering, is a MultiBit created wallet compatible with Bitcoin-QT? What are the dangers of having a "lite" wallet like MultiBit? I'm thinking of getting myself a secure wallet for me to deposit into (a savings wallet) but I would rather it be in MultiBit than Bitcoin-QT. This is because if I plug it in once a year to withdraw (the savings wallet) I don't want to have to download the whole blockchain...
Thanks
Multibit is opensource and only downloads about 1-30 MB depending on the number of transactions you ve done.
Multibit isn't more risky than the QT when it's about losing your coins. And reinitializing the blockchain
in Multibit, in case of key-import takes also "ages" because the client has to go through the whole chain
if no start-point is definied.
remember, the biggest risk to lose bitcoins is the person infront of the computer.
If you want to use bitcoin as a longterm investment i d recommend you to transfer the
coins to a cold wallet and hide the private-key (printed & digital[offline]) at a secure place.
If you want to keep them on your computer make sure he s clean.
Antivirus, Firewall & Co. will help you minimizing the risk to lose coins.
Don't install/run unverified software. Try compiling your own wallets.
Don't use download-URL's from forums/advertising and other 3rd party websites.
Always be sceptical and check everything multiple times.
cheers,
bitsta
Good advice.
I will also add that you should be wary of everyone and every service when it comes to your BTC, I have been scammed out of more than 20 Bitcoin since using it for nearly 2 years.
Re: Bitduino: Generate bitcoin addresses randomly using Arduino
I usually just use my arduino as a breakout for RX, TX but actually having a good use for it is really interesting, I will certainly give this a shot. Thanks for the good work.