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Showing 20 of 32 results by btguydude
Where can I buy 0.03 Monero using Paypal or Bank Transfer in Europe?
I need to hit 0.2 Monero to be able to transfer it to Binance (or another exchange - feel free to recommend a better and more trustworthy one, I'm totally new to cryptocurrencies) and start trading.
Basically you have a choice: a) just pay instantly using your debit/credit card, or b) pay using BitCoins after wasting some of your time.
U said it all here, just think about it for a second. If u need something u need to use some kind of paymant for that. For payment u need money/bitcoins. So dont u see its almost the same thing. Everyone like something, here people like bitcoins. Pretty simple, wasting time here, or wasting time on some 12 hours per day job on wind, rain, sun... well we all need some income.
For many of us this is a side thing, so why not to use my free time to try to earn something on nice and comfortable way (sittin in may chair, drinking something, smokin a cigar..al that in nice and hot room).
In my case its nice way to earn something for gambling. I dont spent my money, just what I earn here and on internet and its pretty fun acctualy.
I'm talking about paying using BitCoins, not buying a bunch of hardware and mining it. I do see your point if you don't spend anything to get BitCoins and use it for say gambling. But that's still offtopic.
Alright, I see the point of view you're coming from here, so I'll try to work with this a little better.
For the silk road case, if I remember it correctly, the reason why the Bitcoins were seized was not because of them being traced, it was because they were being stored on accounts that were accessible by any party when they are in the right location, similar to having a typical wallet on your desktop. You can just get past the user password and you're in.
The thing is that it isn't, from what I know, the tracing of the transaction that gives away the identity of a user; it's other mistakes that pile on top of each other, which allow for government agencies to tie transactions to them via internet traffic or through similar means. This just serves as more evidence, and is typically not where government organizations can determine who an owner of an address is. Once they seize the hardware of a suspect, they can go through and trace transactions, compare them to the blockchain, and then figure out who other people are through interpolating/extrapolating the information of other communications. This would be like I tell Person A "I'll buy weed for $50" and then they see a transaction for $50 going to Address X, they can have high confidence that Person A owns Address X. This might be what you are referring to. The same thing would go for credit cards or any other forms of payment, not just Bitcoin.
I understand that Bitcoin is -technically- worse than other form of payment, when it comes to saving time, however it is better for merchants because it is harder to reverse a transaction, in turn making it more difficult for scammers to succeed. You did cover this in the other statement however, so I'll just leave that.
This is just what I remember/know, and I could be wrong.
Also I find this somewhat entertaining, it's always fun going back an evaluating why I think is something is correct. I apologize if I come off as rude.
For the silk road case, if I remember it correctly, the reason why the Bitcoins were seized was not because of them being traced, it was because they were being stored on accounts that were accessible by any party when they are in the right location, similar to having a typical wallet on your desktop. You can just get past the user password and you're in.
The thing is that it isn't, from what I know, the tracing of the transaction that gives away the identity of a user; it's other mistakes that pile on top of each other, which allow for government agencies to tie transactions to them via internet traffic or through similar means. This just serves as more evidence, and is typically not where government organizations can determine who an owner of an address is. Once they seize the hardware of a suspect, they can go through and trace transactions, compare them to the blockchain, and then figure out who other people are through interpolating/extrapolating the information of other communications. This would be like I tell Person A "I'll buy weed for $50" and then they see a transaction for $50 going to Address X, they can have high confidence that Person A owns Address X. This might be what you are referring to. The same thing would go for credit cards or any other forms of payment, not just Bitcoin.
I understand that Bitcoin is -technically- worse than other form of payment, when it comes to saving time, however it is better for merchants because it is harder to reverse a transaction, in turn making it more difficult for scammers to succeed. You did cover this in the other statement however, so I'll just leave that.
This is just what I remember/know, and I could be wrong.
Also I find this somewhat entertaining, it's always fun going back an evaluating why I think is something is correct. I apologize if I come off as rude.
The thing is, blockchains are visible to everyone, I do recall this sentence in one of the articles explaining why it's traceable and not private/anonymous.
I would assume (and I could be wrong), that if you do not use your BitCoins it's harder to trace them back to you, but you have to use them, otherwise it's pointless to sell something for BitCoins. So say if you sell them and get usable currency like USD or send it to say Amazon (I think it accepts bitcoins now?) and buy a book, it's tied to you. In other words, in the end it always becomes tied to you somehow. I may be wrong here again, and if it doesn't - I would sure as hell like to know how. I like something like Monero and ByteCoin and a couple of other currencies due to their untraceability, hence being anonymous/private.
We're also talking about legal purchases here mostly, as that's what I'd be using it for, like Amazon and whatever other useful sites allow for BitCoins. Even then though, it'd be tied to my name. So I still fail to see the usefulness of it.
Not at all, I was being afraid I'm coming off as rude, you seem more of a diplomat that I am.
If you're strictly comparing using btc vs debit cards for shopping on the Internet, I agree it's not a huge breakthrough or game changer. I think it is a way more secure but we have a system where you're not responsible for unauthorized charges on your accounts... Imagine if you were responsible for unauthorized charges on your credit cards, nobody in their right mind would ever use a debit or credit card because the storage of those #'s is not in your control.
Also your assumption that you have to give up privacy for shipping is not correct though https://www.privatebox.co.nz
So are you concluding it's a useless idea because it doesn't make shopping easier for you?
Also your assumption that you have to give up privacy for shipping is not correct though https://www.privatebox.co.nz
So are you concluding it's a useless idea because it doesn't make shopping easier for you?
You need to provide your real identity information for a mailbox in new zealand. a) it's in new zealand. b) and more importantly - you have to provide your real information. Which means it is tied to you.
No, I'm concluding that it's a useless idea because I don't see how you can use it anonymously and privately, which in my understanding is the idea of cryptocurrency.
To buy goods and luxury car
And this is the kind of spam posts due to "signature advertising" I had in mind in another thread.
Speaking based solely on my point of view, we use Bitcoin as it has value, and stable value, as opposed to every other coin which fluctuates to all hell.
I am also curious as to what articles make you think Bitcoin isn't all the private or anonymous. And as to why you say we are wasting our time.
It's fine by me if you want to watch your savings depreciate over time and, when you're 60 years old, you find out that your life savings are worth 30% of what they where when you earned them. But I on the other hand am interested in appreciating assets.
I am also curious as to what articles make you think Bitcoin isn't all the private or anonymous. And as to why you say we are wasting our time.
It's fine by me if you want to watch your savings depreciate over time and, when you're 60 years old, you find out that your life savings are worth 30% of what they where when you earned them. But I on the other hand am interested in appreciating assets.
I'm not talking about using it instead of altcoins, I'm talking about credit/debit cards, so let's not compare that. Although there are coins with much more stable value, I don't recall which it was though, but it was one of the actually private/anonymous/secure coins.
I don't save articles so I can't link you, but I remember how my route of research went the first day, so maybe that'll help. I was reading about privacy, then went to crypto forums, which lead me to a few articles about government ceasing assets and bitcoins from people, including the guy who ran silkroad. Then I googled around for more ceasings and tracebacks as to who was using bitcoins and found more info. That's probably where you would stop reading. Afterwards, I googled private coins and read tons of articles on comparisons and individual assesments as to how particular coins (mainly bitcoin at first) work.
We're also not talking about savings here either, we're talking about using bitcoins to buy stuff online instead of using credit/debit cards. Please read the post again, I think I made it clear.
Bitcoin is secure, much more so than credit/debit cards. You are much more likely to get your credit card information stolen than you are to get Bitcoin stolen. With Bitcoin, there is no need to reveal your name or address. You don't reveal a credit card number so thieves can't steal your credit card and make your credit score tank. Credit card fraud is a huge problem and Bitcoin completely removes that.
Another thing, Bitcoin does provide a layer of anonymity. It is pseudonymous, so while yes people can trace your transactions, they don't actually know who you are. They don't have an identity associated with the address unless you choose to reveal it. There is no name or physical address to steal. Along with that, you can't get your identity stolen like you can with credit/debit cards.
Bitcoin is also a lot more convenient than credit cards or debit cards, especially to those who can't get those cards. If you have bad credit then you can't get a credit card. Bitcoin gets around that, it is like a debit card, but it doesn't have the problem that debit cards have, theft. Debit card numbers are easy to steal, and that can drain your entire bank account. Bitcoin doesn't have that problem.
Payments made through credit and debit cards are not instant. They do not instantly become reversible. Those transactions are reversible up to 180 days. With Bitcoin, it becomes irreversible after 10 minutes. Even if it takes longer, those transactions are still confirmed in less than 180 days. This is better for merchants than consumers.
Another thing, Bitcoin does provide a layer of anonymity. It is pseudonymous, so while yes people can trace your transactions, they don't actually know who you are. They don't have an identity associated with the address unless you choose to reveal it. There is no name or physical address to steal. Along with that, you can't get your identity stolen like you can with credit/debit cards.
Bitcoin is also a lot more convenient than credit cards or debit cards, especially to those who can't get those cards. If you have bad credit then you can't get a credit card. Bitcoin gets around that, it is like a debit card, but it doesn't have the problem that debit cards have, theft. Debit card numbers are easy to steal, and that can drain your entire bank account. Bitcoin doesn't have that problem.
Payments made through credit and debit cards are not instant. They do not instantly become reversible. Those transactions are reversible up to 180 days. With Bitcoin, it becomes irreversible after 10 minutes. Even if it takes longer, those transactions are still confirmed in less than 180 days. This is better for merchants than consumers.
If you don't reveal your name or address, how are you going to get your shipment? I was actually looking into that, but from my - so far very short - research, there is no way to do that, especially in the US (i'm from europe though).
As for revealing credit card numbers and all that, read up on bitcoin fraud, there's plenty of articles on that, most of which I even skipped as my main concern is privacy, and because I trust myself to not use my credit/debit card at places that say "buy 1 Geforce 980ti, get one free!"
You have to reveal it if you want your shipment, so that's a moot point, so I'll just refer to the two paragraphs above.
First off, stop repeating yourself with the theft, it's getting annoying to read the same over and over again. And now to the point: How is BitCoin more convenient? I outlined specific points as to why debit/credit cards are a hell of a lot more convenient than bitcoins. Your workplace won't pay you bitcoins, it'll put cash into your bank account which, which means debit/credit card. As for a bad credit, that's only relevant to a) big purchases, b) credit cards. And bitcoins work like a debit card, which you can get whether you have low credit or not.
I don't see why it's better for payments to be irreversable - if you want a refund (or issue one, though we're talking purely about the customer's perspective here as outlined in the first post) it's a hell of a lot easier. And whenever I payed for anything, the payment was always instant. Always. No exceptions except for one (out of literally 100+ times) when I transfered money to a friend's bank account around new year.
I don't get it, now that I investigated and read much more about BitCoins and altcoins.
BitCoins are not secure, not private, not anonymous and to use them - you need extra effort.
Payments made through debit/credit cards are instant and most people keep their money in the bank (in fact, most workplaces choose to pay money only to your bank account now). That said, to use Bitcoin you'd have to buy BitCoins, which creates extra effort. Why do that? I don't get it!
Basically you have a choice: a) just pay instantly using your debit/credit card, or b) pay using BitCoins after wasting some of your time.
I always thought BitCoin was about privacy and anonymity, but clearly it isn't (just read the news...), so that argument goes straight outta window. Other than that, I see zero advantages, and considering what I just said - far as I understand it right now - BitCoin is a completely useless idea, unless we ditch it and start using one of the truly private and anonymous coins, which isn't gonna happen and is irrelevant to this discussion anyway.
So, am I missing something? Am I misunderstanding something? What's up with BitCoins when it comes to buying stuff? The more research I do about it, the less sense it makes to use it.
I'm not posting this to get on someone's nerves, I'm posting it because I want to understand. So don't get all personal and defensive and value-oriented here, I'm looking for facts. Thanks.
I'm talking only about paying using BitCoins. E.g. buying a monitor or a book or headphones using BitCoins instead of a credit/debit card. It's not about being a merchant or selling/buying illegal stuff on .onion sites, nor is it about using altcoins.
Note by which I seek to quench one potential argument: if you buy something and want to get it at some point in your life - you have to enter your name and address.
BitCoins are not secure, not private, not anonymous and to use them - you need extra effort.
Payments made through debit/credit cards are instant and most people keep their money in the bank (in fact, most workplaces choose to pay money only to your bank account now). That said, to use Bitcoin you'd have to buy BitCoins, which creates extra effort. Why do that? I don't get it!
Basically you have a choice: a) just pay instantly using your debit/credit card, or b) pay using BitCoins after wasting some of your time.
I always thought BitCoin was about privacy and anonymity, but clearly it isn't (just read the news...), so that argument goes straight outta window. Other than that, I see zero advantages, and considering what I just said - far as I understand it right now - BitCoin is a completely useless idea, unless we ditch it and start using one of the truly private and anonymous coins, which isn't gonna happen and is irrelevant to this discussion anyway.
So, am I missing something? Am I misunderstanding something? What's up with BitCoins when it comes to buying stuff? The more research I do about it, the less sense it makes to use it.
I'm not posting this to get on someone's nerves, I'm posting it because I want to understand. So don't get all personal and defensive and value-oriented here, I'm looking for facts. Thanks.
I'm talking only about paying using BitCoins. E.g. buying a monitor or a book or headphones using BitCoins instead of a credit/debit card. It's not about being a merchant or selling/buying illegal stuff on .onion sites, nor is it about using altcoins.
Note by which I seek to quench one potential argument: if you buy something and want to get it at some point in your life - you have to enter your name and address.
many people here for increase their activity imo.
I think I just fail to understand the type of activity that isn't a useful contribution.
Re: Are altcoins practically useful at all, or is it just BitCoins?
15 wallets ? .. that is cute LOL
I deleted most of mine when i broke 14 gigs.
And anon coins will never work so your chasing a gimmick that is a fallacy.
Not only that but the outside world will be less likely to adopt coins that can be tracked.
Banks for example do not want to support hiding transactions from Silk Road guys.
Anon bullshit will do nothing but attract a stupid naive minority here that know shit all about security.
And turn off the outside world (ranging from Grandma to banks)
Bitcoin tracking has gotten people their money back after crimes.
There is a reason there is lots of US Federal laws with money.
There is reasons why you give your ID to exchanges.
Your Dash or Monero etc are going no where.
I deleted most of mine when i broke 14 gigs.
And anon coins will never work so your chasing a gimmick that is a fallacy.
Not only that but the outside world will be less likely to adopt coins that can be tracked.
Banks for example do not want to support hiding transactions from Silk Road guys.
Anon bullshit will do nothing but attract a stupid naive minority here that know shit all about security.
And turn off the outside world (ranging from Grandma to banks)
Bitcoin tracking has gotten people their money back after crimes.
There is a reason there is lots of US Federal laws with money.
There is reasons why you give your ID to exchanges.
Your Dash or Monero etc are going no where.
Privacy is possible except right now you have to go to far lengths to get it. And I don't care about the US, I'm not from there and I'm glad I'm not.
I still think it's possible to use it.
I wonder, how does something like BitCoin work when you're buying at say amazon, how do they count tax and all that for businesses? Do they just report it as normal income in USD?
You could do the same with something like Monero if your business was to accept them, I don't see why not.
9 out of 10 ISIS terrorists prefere Greenbacks for their weapon delivery payments.
So yes indeed, privacy coins are somewhat "out". Probably not even surveilance costs of the crypto sphere are justified anymore from a budget perspective. It's Tax Money.
So yes indeed, privacy coins are somewhat "out". Probably not even surveilance costs of the crypto sphere are justified anymore from a budget perspective. It's Tax Money.
We can debate the need for surveilance in general and the invasion of privacy by the US government, but that's offtopic.
Most of the altcoins are not useful and they are clones of bitcoin.
Why would I use the other altcoins when I can just use bitcoin?
Why would I use the other altcoins when I can just use bitcoin?
For privacy, for example. And security.
There's absolutely no use for altcoins except to provide some different way to do things that Bitcoin may or not adopt. 90% are scams too, 100% are easily manipulated so the market itself is a joke. You can make money of course if you have some inside tips.
As for the future, don't fool yourself with nice talk and features, you can make money trading but there's more chance you hit the lottery than to ride one of these projects "to the moon".
As for the future, don't fool yourself with nice talk and features, you can make money trading but there's more chance you hit the lottery than to ride one of these projects "to the moon".
Well, I'm not looking to trade, I'm looking to accept coins that encourage privacy however. For legal stuff of course. That's the only thing I'm interested.
Otherwise, it's all completely useless. Including BitCoins. They are useless because the idea was crypto, and it's not crypto. Better to just accept euros or dollars and be done with it, the way I see it. Unless it's actually private and secure like Monero and similar coins.
Rumor has it that a CEO of an cryptocurrency exchange, i.e., Cryptsy, trading altcoins wouldn't be able to afford a Florida mansion if only trading one or two altcoins. He needs 100s. And, when Cryptsy goes kaputski, as we're witnessing now, said CEO simply goes to China and opens up a Cryptsy clone to trade ... wait for it ... hundreds of altcoins, most having no utility, again, as we're seeing now. BTW, Paul Vernon, the CEO in question, denies that the Chinese Cryptsy clone and Cryptsy are related in spite of having the same email address to contract both. Perhaps, that's just a fluke, easily explained away by those sucking Paul's Floppy Disk on a daily basis. HAHAHA
That's actually pretty amusing even if it's not supposed to be. Hehe
We need as many coins and innovations as possible so when this does go huge we'll know what works, what failed and what people like and dont like.
All these coins are just tests for one day when crypto takes over.
All these coins are just tests for one day when crypto takes over.
One word.
Innovation.
There are here to innovate and build new ideas within crypto not already explored with bitcoin.
Innovation.
There are here to innovate and build new ideas within crypto not already explored with bitcoin.
As someone else said, there's no innovation in over 99% of the coins.
Because people is not enough with just 1 coin, that's why they made altcoin (for the alternative)
I don't know what you're saying to be honest.
People like diversity and I think taht it is good to have many different coins, not just one or two. Like in fiat currencies. And is also kind of competition.
Competition between what, coins that you can't use anywhere?
People have their own visions of what cryptocurrency should be and if Bitcoin is not fulfilling their dreams some will create others. Why not? Even you could make your own coin and try to get it popular. Chances are huge that you won't success but hey, if you have some extra free time go for it 
Crypto implies anonymity and security, and Bitcoin has neither.
Re: Are altcoins practically useful at all, or is it just BitCoins?
There is no useful altcoins, all of them just copy bitcoin's concept and their founders are looking for some quick cash.
I doubt at least some of the very few anonymity/security/privacy oriented coin creators are looking for quick cash. There's at least one guy who isn't, if it could be in any way useful and I had the coding skills, I'd make a coin myself just for that purpose. But seeing as no coin is useful and there's plenty great coins (excluding BitCoin) already out there, that would be a waste of my time.
In the exchange world DOGE can be very useful for moving money because it is faster, usually has much lower fees, it's much better for microtransactions (like faucet size value), and is plenty liquid at most places..
You have to be able to spend the money though, so unless I misunderstand something, you have to go to some exchange site and get yourself some Paypal credit anyway. Perhaps useful for selling stuff, but nobody's using them, and there's many more coins that are much faster than BitCoin and have a huge advantage of privacy, anonymity and even security.
snip
That is too bad... The only way I'd care about coins is if they provided me with security, anonymity and privacy, and I could use them for more than trading for them to stay in one of 15 wallets I had to download.
I have to rethink the whole idea of privacy now. For a day or two I got blinded by all the new information coming in about private/secure/anonymous currency like certain coins. But you just can't use it. So what's the point?
I'm honestly not sure if you can keep your privacy then, considering the only anonymous way of buying something is cash. Unless you get yourself one of those credit cards, but I heard they're being picked off now as well.
I was truly hoping for some positivity or way around it that I missed... Eh.
Are there too many hot chicks on the Asian thread? I think not, my friend. Of good things, there are never enough
Good things also have a tendency of being useful.
snip
Thank you, an excellent post.
There are many reasons. Including:
- people want to experiment with blockchains
- people want to launch pump and dump coin to make money.
- people create fake wallet with trojan to steal your coins
- people want a coin for their community
- some started as joke (dogecoin)
Ironically Dogecoin is on the list of the 'better' coins I've made back when I thinking which coin to choose for my site.
All coins lead to BTC. Namecoin and Ethereum is different as they actually serve a purpose; namecoin being domain registry and ethereum for creating contracts/applications.
Are there other cryptocoins that serve their own purpose other than a currency? Maybe buttcoin.
Are there other cryptocoins that serve their own purpose other than a currency? Maybe buttcoin.
Well, I would say coins that focus on privacy and anonymity serve a purpose too, but they are useless as you can't use them anywhere.
Re: Are altcoins practically useful at all, or is it just BitCoins?
Nope, your analysis is pretty spot-on. I like DOGE for some reason, but there's nowhere to really spend it. Yes, on Reddit there are people who make keychains, pens, and all sorts of DOGE stuff, but I could not live on DOGE alone. Or any other altcoin for that matter. To answer your question, they are very impractical for this very reason. I suppose they're good for gambling, but so is bitcoin.
So... Privacy-oriented coins are pretty much pointless then... Since you would have to trade them to BitCoins or Paypal balance or whatever anyway. That said, coins as of now are useless and you might as well go along with Paypal or credit card if you want to shop online. About the same amount of security and anonymity anyway.
That's really too bad, I was wholeheartedly hoping for someone to tell me "YOU'RE WRONG!" and explain why. Oh well...
Altcoins are useful testbeds for proving features that can't be easily included in Bitcoin due to any number of reasons. Altcoins with useful features that cannot be easily incorporated into Bitcoin will have value.
As far as practicality, it's too early to tell. For example, Litecoin continues to be useful despite the fact that isn't accepted by many merchants. Why? It allows for the BTC chain to be broken formoney laundering privacy purposes. In the future, perhaps Monero will provide a superior privacy feature, even if Bitcoin is used on either end, because it breaks the chain of transactions.
As far as practicality, it's too early to tell. For example, Litecoin continues to be useful despite the fact that isn't accepted by many merchants. Why? It allows for the BTC chain to be broken for
Yes, in the future, assuming the government will fail to implement even more severe controlling measures into the society, they will be useful... But right now, in 2015 still... Well.
As for testing stuff... Monero and some other currencies use CryptoNote which as far as I know is the only truly anonymous way for coins to work. There's around 10 coins that use that so far, but having in mind what's above, unfortunately they are all completely useless. Unless you offer hitman services on the darknet or something, but that's not the case for me.
LiteCoin and other well known coins like NameCoin, NXT, Peercoin, QuarkCoin, etc., they don't seem completely anonymous or secure compared to anything that uses CryptoNote. That's as far as I have read so far however, and I'm a total newbie here. I also saw some type of privacy-related hole in CryptoNote that's been recently solved by a fork too.
Anyway, so testing to me seems kinda pointless too, as BitCoin doesn't seem to be going the privacy route, it seems to be going the opposite direction from the few news articles that I've read recently (and I'm very new in the cryptocurrency crowd so I may be wrong).
Re: How to deal with altcoin wallets that sync everything to user folder?
Most coins have the option to set the data directory. Usually it is an option in the starting command. Just add --datadir=
Thanks, I'll do that for all the command line ones.
What about the ones that have a GUI that doesn't offer such options, though?
Thanks!
Re: How to deal with altcoin wallets that sync everything to user folder?
Most coins have the option to set the data directory. Usually it is an option in the starting command. Just add --datadir=
Thanks, I'll do that for all the command line ones.
What about the ones that have a GUI that doesn't offer such options, though?
Are altcoins practically useful at all, or is it just BitCoins?
I know that there are many stores that accept BitCoins nowadays, but do any useful stores accept altcoins, if so - which? I can't seem to find a comprehensive list.
Here's how I see it from the research I've done so far: there are some small insignificant companies that accept a couple of most-popular altcoins that are no better than BitCoins.
Note that I don't want to insult anybody, by insignificant I mean subjectively, here's what's insignificant to me: limited to the US and/or very narrow choice of goods, like some guys selling special homebrew keychains or some type of special clothing, etc.. 999/1000 times I'm either not interested in it or can't afford some special little gadget, and I'm only interested in companies that ship to Europe.
Well, hope I did not insult anyone and explained my question properly.
Here's how I see it from the research I've done so far: there are some small insignificant companies that accept a couple of most-popular altcoins that are no better than BitCoins.
Note that I don't want to insult anybody, by insignificant I mean subjectively, here's what's insignificant to me: limited to the US and/or very narrow choice of goods, like some guys selling special homebrew keychains or some type of special clothing, etc.. 999/1000 times I'm either not interested in it or can't afford some special little gadget, and I'm only interested in companies that ship to Europe.
Well, hope I did not insult anyone and explained my question properly.
Why do they keep popping up and more importantly staying? Isn't just one or two coins enough? Why do we need so many, what's the point, what does anybody gain from that? It just seems impractical to me and I want to understand it.
How to deal with altcoin wallets that sync everything to user folder?
My Windows partition is limited, and when I've to reinstall Windows - I want to not have to copy a bunch of stuff off of that drive. That's how my system is set up now.
I noticed that many wallets don't let you choose the folder and just sync it to the user folder... Is there any way to deal with that? Whether it's GUI or not?
I'm asking here generally, because it's widespread it seems...
I noticed that many wallets don't let you choose the folder and just sync it to the user folder... Is there any way to deal with that? Whether it's GUI or not?
I'm asking here generally, because it's widespread it seems...
You can mine some altcoin and sell them for bitcoin. Most good altcoins are not profitable to mine if you have high electricity cost.
Any suggestions which I should mine as long as it's not going to be 1eu/month?
if you are mining and don't know what is happening when you mine. then you did not learn something thats right.
and yours answers to my questions show me that you can learn something while mining.
mining is more than just downloading a client and type e.g. ./minerd -a cryptonight -o stratum+tcp:// in terminal.
Then tell me what is there to be learned by mining as a process specifically? The only thing that I can think of is tuning the settings, which is research and trial-and-error based on your hardware. I'm not arguing that there isn't anything to learn - I just want to understand what there is, since I cannot think of anything myself and I couldn't find a definitive answer as of yet.
A lot of them seem unreliable or even full of ****, sometimes just by checking the site you get a feeling that it's probably some type of fraud going on there...
The reason I'm asking is because some altcoins seem to be quite profitable compared to $6/year from Litecoins on my machine, and that's 24/7, meaning more like $2 a year if I keep it on only while I sleep.
Anyway, I'm just considering to consider altcoins, but fear it may be a waste of time and intense frustration at some point, and having loud fans running loud half a meter away from me isn't that pleasant, while sleeping or otherwise.
Any help is appreciated...
The reason I'm asking is because some altcoins seem to be quite profitable compared to $6/year from Litecoins on my machine, and that's 24/7, meaning more like $2 a year if I keep it on only while I sleep.
Anyway, I'm just considering to consider altcoins, but fear it may be a waste of time and intense frustration at some point, and having loud fans running loud half a meter away from me isn't that pleasant, while sleeping or otherwise.
Any help is appreciated...
sure start mining.
1. start solo mining.
2. join a pool.
3. mine coins with different algos.
you will learn a lot. this will be your profit.
What is this learning everyone's talking about? I mean, what useful is there to learn from mining coins? Setting up software is self explanatory to me so far, even without GUI.
if you already know how thinks work.
then explain in two sentences how a blockchain works. don't copy it from wiki or some site like that.
1. why can a blockchain be used to replace land charge register? explain this to me in a way that my grandmother can understand it.
2. and whats the point of mining in this?
3. what is the difference between POS and POW?
1. As far as I understand blockchain is a database that stores currency data (owner of each block).
2. As far as I understand, mining is kinda like a job that pays coins. They gotta get an owner somehow.
3. Not sure, although I believe that POS makes the coins a lot harder to mine but adds security against attacks of some sort. Don't know more about this one.
Although I think you misunderstood my question: how would one learn anything by mining coins? To me, mining them means mining them. And mining means downloading, configuring and running a program. Then you go to a exchange place, trade them to usable/supported coins or real money and buy a dildo or whatever you wanna buy.
To me learning means opening a page (wiki?) and reading up, or maybe asking on a forum. I really don't see anything to be learned by mining them, that's why I asked what is that learning that everybody's talking about here because maybe I'm wrong.
A lot of them seem unreliable or even full of ****, sometimes just by checking the site you get a feeling that it's probably some type of fraud going on there...
The reason I'm asking is because some altcoins seem to be quite profitable compared to $6/year from Litecoins on my machine, and that's 24/7, meaning more like $2 a year if I keep it on only while I sleep.
Anyway, I'm just considering to consider altcoins, but fear it may be a waste of time and intense frustration at some point, and having loud fans running loud half a meter away from me isn't that pleasant, while sleeping or otherwise.
Any help is appreciated...
The reason I'm asking is because some altcoins seem to be quite profitable compared to $6/year from Litecoins on my machine, and that's 24/7, meaning more like $2 a year if I keep it on only while I sleep.
Anyway, I'm just considering to consider altcoins, but fear it may be a waste of time and intense frustration at some point, and having loud fans running loud half a meter away from me isn't that pleasant, while sleeping or otherwise.
Any help is appreciated...
sure start mining.
1. start solo mining.
2. join a pool.
3. mine coins with different algos.
you will learn a lot. this will be your profit.
What is this learning everyone's talking about? I mean, what useful is there to learn from mining coins? Setting up software is self explanatory to me so far, even without GUI.