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Showing 19 of 19 results by Vistman
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Board Press
Re: [2018-08-24] Another Japanese Company Developing 7nm Bitcoin Mining Equipment
by
Vistman
on 26/08/2018, 08:46:31 UTC
Well its about time that other players should enter the arena. We all know that Bitmain has total monopoly of bitcoin mining hardware so it will be good if they see some competition behind. What's makes its more interesting is that Bitmain is enforcing KYC which may sway a lot of potential buyers to look for alternatives like GMO and Triple-1. And we all know that Japan has far more advance in terms or technology so I'm sure that those bitcoin mining gear they developing can match or even surpassed that on Bitmain in terms of efficiency and cost.

https://samsonmow.com/bitmain-ipo-and-technical-challenges/

This is an article repeatedly squished by Bitmain but here it is to stay.

Something of an agenda no doubt but the TLDR is that Bitmain have blown it, for now at least. Interested to see if they pull it back or whether they fade away.

I wonder why Bitmain does not have 7nm out now.
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Board Press
Re: [2018-04-13] Nine Japanese Crypto Exchanges Have Suspended Operations So Far
by
Vistman
on 13/04/2018, 14:56:50 UTC
Now Japan does not seem to me a Paradise for cryptocurrency lovers. It is a closed society that does not allow new members. We have long hoped for salvation from persecution on the Japanese Islands. But it is not. Our fate is in our hands only and no one will help us. We must unite ourselves and build our own society.

It depends. If the exchange behaves properly and secure user funds, then it will be allowed to operate.
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Board Press
Re: [2017-11-07] Bitcoin has no future because of its anonymity
by
Vistman
on 08/11/2017, 15:05:30 UTC
Off course bank executives will just give negative statements about bitcoin since it is really hurting their business. For an 8-year old technology that is giving them a threat of replacing their purpose in the world. Then what do you expect them to say?

I think the Bitcoin is more traceable than the cash. It is a good tool against crime.
Post
Topic
Board Mining (Altcoins)
Re: PC Mining
by
Vistman
on 27/09/2017, 17:13:52 UTC
Hello,

I have PC with specification

Intel Core i5
16 GB RAM DDR4
VGA : GALAX GeForce GTX 1050 Ti
MotherBoard : MSI B250I Gaming Pro AC

so can i use My PC for mining ?



You can use your CPU to mine the Monero if it has AES_NI.
Post
Topic
Board Speculation
Re: Remember $4,300 this is one of your last chance to get cheap coin
by
Vistman
on 15/08/2017, 13:57:20 UTC
The BTC price is about $4020 now. I think it is better to wait for a few more days before buying.
Post
Topic
Board Mining (Altcoins)
Re: Ethereum Miner
by
Vistman
on 21/05/2017, 08:21:32 UTC
Claymore's dual miner and Genoil's ETH miner are pretty much a tossup on net mining speed for ETH, due to the "fee" Claymore's miner inflicts on it's users.

 If you are JUST going to mine ETH IMO ignore Claymore and go Genoil, if you plan to dual mine then go Claymore of course.


That is right. Genoil is good for solo mining.
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Topic
Board Speculation
Re: 1000+ is anytime now
by
Vistman
on 28/02/2017, 12:33:14 UTC
Now it's clear that they are going to be praying for another sub $1,000 scenario, it's going to be fun since it looks like it's holding strong, and even if it dips under $1,000 we are going to look at a quickly bought dip. In fact, it's going up again as we speak.
I guess this is just a beginning for a new start and from what I feel that bitcoin isn't going to go below 1000$ ever now unless external things happen to it like hacking which can't be controlled. Nonetheless within the end of this year bitcoin will have a solid price of $2500+ for sure.
How can you be so sure of that? Well In my opinion it might stabilize to the price ranges we have now but it is also possible that we will see another sub 1000$ price this year. Price ranges such as these ones attracts hackers to do something like hacking an exchange so we can't say for sure that it will go up more. Also whales tend to dump at big prices such as these to buy lower so it might cause dips if a whale dumps and many others follow.

If the ETF coin is not approved, the price might drop below $1000.
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Topic
Board Speculation
Re: 1000+ is anytime now
by
Vistman
on 31/12/2016, 16:43:58 UTC
The bitcoin price going crazy especially in the Chinese exchanges, it is now between $990-993 vs $964-969 in the western exchanges
If it will continue like this $1000 will be reached before 2017  Wink

It is good that it did not continue like that and the price is still below $1000. I expect it to be $1000 in first quarter.
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Topic
Board Speculation (Altcoins)
Re: ETH under 10$!!!
by
Vistman
on 25/11/2016, 17:58:32 UTC
poor eth, it is hard time for eth now. but every hardfork makes etherium stronger, so dont panic. I hold my eth for better time.

But what is better time? When Eth goes to Pos? Will we ever see over 100 dollars for 1 Eth?

I don't see why that is impossible. If Bitcoin can have a $10+Bn market cap, ethereum can grow to that level too.
We might see 100 dollars for 1 ETH sooner than you think.

It depends on the new money flowing into digital coins. If the amount is limited, when the bitcoin move to $2000, the Ethereum will be $2.
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Board Bitcoin Discussion
Re: Hardfork = Mitosis
by
Vistman
on 26/10/2016, 17:08:22 UTC

What power is there to grab and who is the current holder of such power?

Or are you full of shit?

Control over 10 billion dollars is a pretty good power, that many wishes to have, but its best if nobody has it.

The stagnation in bitcoin transaction growth is clear evidence the power has been grabbed long ago...

Segwit is coming to rescue the day, it will probably be here before the end of the year.

I heard it will only be activated when 95% of the miners agree. So it might never be activated in the future.
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Topic
Board Press
Re: [2016-10-20] Circle expands bitcoin services in Europe
by
Vistman
on 20/10/2016, 07:24:38 UTC
"The company closed its fourth-round of funding in June, attracting US$60 million from many of their existing investors. The round takes their cumulative total to US$136 million, which has allowed Circle to focus on expanding their services, a process first announced in April, before moving onto other continents.

Circle announced an integration with Apple’s iMessage app in September, allowing anyone using a device running iOS 10 to send and receive personal payments in fiat currencies and bitcoin, all from inside one of the world’s most popular chat applications. While looking forward to today’s European launch, the company said that users would be able to “cash out using almost any bank in the US, UK and, soon, Europe.”

Circle Logo“We're excited to add European cards and the Euro to the growing list of supported card currencies and countries, a list that already includes VISA and Mastercard debit cards from both the US and UK.”

- Circle

The Circle Pay app offers a rare solution for bitcoin purchase and withdrawal, provided full access is available. While anyone could previously sign up for a Circle bitcoin wallet account, only US and British residents could link their credit and debit cards. The only fiat currency choices were US dollars and British pounds. The recent expansion now gives users the ability to hold Euros, and offers some the ability to purchase with debit or credit card.

Sixteen countries in Europe now have access to the suite of Circle services, and can link a credit and debit card directly to a Circle wallet, including Austria, Belgium, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Lithuania, Luxembourg, Netherlands, Portugal, Slovakia, Slovenia, and Spain.



Residents in ten other European countries can deposit Euros through bank transfer only, including Estonia, Finland, Germany, Ireland, Italy, Netherlands, Slovakia, Slovenia, Spain, and the rest of the United Kingdom.

The service introduces a new way to move money between the US and Europe at extremely low rates. Sending an international wire or bank transfer will prompt banks to add extra fees, in the range of 3-4%, on top of the market rate that they charge when converting the currency.

Traditional remittance networks like Western Union are a little better, while the newer digital remittance options like Xoom and Transferwise are even more competitive, typically charging 1-2% above the market rate. Using Circle Pay to send across countries and currencies can be ten times cheaper still, with exchange rates typically around 0.2% to 0.3% above market rate.

“We're not interested in building yet another walled garden or closed network, we want to enable people to get the benefits of the bitcoin network (near-instant settlement, nearly free transactions, highly secure, global and open) without having to think in a new currency or hold the currency themselves."

- Jeremy Allaire, Circle CEO

While the Boston-based company has had its share of complaints from bitcoin users, most of them point to the focus on serving the mainstream market with fiat currencies. The Circle Pay app defaults to showing a balance in local fiat currency instead of a bitcoin balance.



Circle’s CEO Jeremy Allaire said on an internet AMA forum that he and his company are big advocates for the use of the bitcoin network as a kind of behind the scenes value transfer protocol for the internet, “We just don't think that mainstream users interested in 'digital money' want a new currency.”

The company also has some stiff competition in Europe. Coinbase has been offering a similar service since August, while many smaller European-based bitcoin services provide similar services, including Cashila, BTCDirect, CoinCorner, and Paymium.

You can buy or sell Bitcoin with Paymium, for example, which also offers market trading with a smartphone app, but you can’t use a credit or debit card. Cashila, which is integrated into the popular Mycelium bitcoin wallet, works in a similar way, but offers bill payments and other money management options as well.

On the other end of the spectrum, Coincorner and BTCDirect both allow several types of payments, including credit and debit cards, but have limited services.

Bitcoin focused exchanges also provide a myriad of options. The leading exchange by Euro volume is Kraken, and the exchange is well established. The exchange doesn’t sell bitcoins instantly, offer bill payments, nor even offer a way to send money like an email. However, it does handle a euro trades, and it’s only one of many that do so. Bitstamp, BtcX, itBit, BTC-e, and at least 28 other exchanges all allow euro trading in the region."
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Topic
Board Bitcoin Discussion
Re: Hardfork = Mitosis
by
Vistman
on 05/10/2016, 09:36:05 UTC


I think the price of the Etheruem (both ETH and ETC) are consolidation. They will rise a lot in the next few months.

We shall see what will happen, i am just wondering how is it possible for ETH and ETC to both rise in value when they should shrink to reach the a mean reversion sorta thing.

If the markets were that easy to predict, we'd all be millionaires by now, heh.  ETC volume is still reasonably strong compared to other alts, but ETH is back to being the main attraction and ETC is merely a sideshow now.  Still not holding much of either, though, as other alts can deliver all the same features (which they had before ETH went live) and are still much cheaper to invest in.  ETH is way overpriced for what it is and relies mostly on hype for its network effect.

Well that is what happens when investors are dumb.

You know people who invest in Greek bonds or negative yield bonds , that kind of people, they never know what is coming to them.

It's not like ETH investors are superintelligent, heck most sscam investment site investors are dumb as hell too, how many people have been scammed so far in the crypto world?

"The markets can stay irrational longer than you can stay solvent!" - Keynes


I would not bet on ETH, nor against it, I am just simply not interested in garbage flawed coins.

Which of the coins are not garbage flawed?
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Topic
Board Speculation
Re: If bitcoin rose to $1M, what you do?
by
Vistman
on 21/09/2016, 17:27:41 UTC
I would try to not to wake up Smiley
but if btc costs 1 mil usd imagine how much a loaf of bread would be? 10.000 usd?
we may also live in a postapocaliptic world by the time bitcoin costs 1 mil usd or usd collapses so much that 1 mil is worth nothing
careful waht you wish for ...

Not necessary. The US dollar does not have to devalue for the bitcoin price to rise. The bitcoin price will rise much faster than inflation.
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Topic
Board Bitcoin Discussion
Re: Hardfork = Mitosis
by
Vistman
on 10/09/2016, 17:01:03 UTC
You will technically have double the coins. But since a hard-fork will support the same functionality as the other, it's highly possible that the value could split.

The point to note is whether the combined market cap after the split is more than the market cap of Bitcoin pre-split. If that is the case, the split has in fact created value.

Bitcoin rely a lot on its network effect, which means it is the most known/accepted token, because it was the first one. If it splits and both chains go on, the network effect may be broken nearly by half, which would weaken bitcoin as a whole.

One of the reasons advanced by Roger Ver for the split is that Ethereum as a whole (ETH + ETC) has risen in value after the hard fork.
So not all forks result in destruction of value.

I'd expect Roger to be a little better in math than that.  The sum of $11.26 plus $1.44 is less than ETH's $20 price just before the hard fork.

I think the price of the Etheruem (both ETH and ETC) are consolidation. They will rise a lot in the next few months.
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Topic
Board Speculation
Re: If bitcoin rose to $1M, what you do?
by
Vistman
on 27/08/2016, 16:09:24 UTC
i would most probably just sell all my bitcoins in order to make some easy profit out of it

That's also the plan of the rest of us. everyone must have cashout before you just before bitcoin's value goes 1 million. My plan would just be to buy some altcoin instead. altcoins that has potential to grow big in the future.

I will not convert my bitcoin into fiat when the price is high. I will just use the bitcoin direclty. That will increase the price again.
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Board Speculation
Re: If bitcoin rose to $1M, what you do?
by
Vistman
on 11/08/2016, 10:17:17 UTC
If the bitcoin price rise to $1 million each, I will be very rich. I will retire and enjoy the life of not working tirelessly.
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Board Speculation
Re: $10k????
by
Vistman
on 28/07/2016, 09:08:15 UTC
It would be better for the bitcoin accepting website to offer some discounts. Their cost is lower than credit cards.

If these websites offer some discount, even that is just 5%, I will use more of them as it is good for bitcoin.

Maybe the cost associated with setting up the bitcoin payment is high at the moment, as not many people use the bitcoin.
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Topic
Board Bitcoin Discussion
Re: Hardfork = Mitosis
by
Vistman
on 18/07/2016, 10:45:01 UTC
If a hard fork like that would come, everybody would pull the money out of bitcoin.
I do not like that idea.

There is no need to worry about that. If the longest chain is 75% of the total hashing, miners will will converge.
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Board Press
Re: [2016-06-09] Hacker Sells Twitter Data Dump On Deep Web For 10 Bitcoin
by
Vistman
on 09/06/2016, 15:51:12 UTC
It is strange to see that these 'hackers' are still picking bitcoin as payment method.
Even when they should know by now that Bitcoin is proven to not be the best way to keep your anonymity.


Yes. I think they should use the Dash or Monero. Maybe the hackers are good at hacking but do not know about the digital coins.