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Hey everyone,
I'm from the US and have some Amazon.co.uk gift cards. I could just sell the cards for cash on one of the traditional card-for-cash websites, but I thought it would be cool to get some bitcoin for them.
What do you think is the best way to do this?
I'm from the US and have some Amazon.co.uk gift cards. I could just sell the cards for cash on one of the traditional card-for-cash websites, but I thought it would be cool to get some bitcoin for them.
What do you think is the best way to do this?
I just found out that you can't withdraw a designated amount of Bitcoin from paper wallets, you can only sweep or import them.
This seems kind of weird to me. What is the point of a paper wallet if its sole purpose is to later on be swept clean of its coins? If security is an issue, wouldn't it make more sense to have a software bitcoin wallet that runs off an encrypted usb drive?
This seems kind of weird to me. What is the point of a paper wallet if its sole purpose is to later on be swept clean of its coins? If security is an issue, wouldn't it make more sense to have a software bitcoin wallet that runs off an encrypted usb drive?
You've had some really great responses in this thread. In my view, paper wallets are inferior to the double-flashdrive approach.
Just keep your wallet.dat files on 2 drives stored in separate locations. Then, keep a bitcoin client "containing dust" fully synchronized on your machine on the ready.
Now, when you need to make a withdrawal, close the client, copy over your USB wallet.dat, reopen client and make withdrawal, then reverse the process to restore the dust wallet. Keep one flashdrive hidden and one within easy grasp.
Interesting. Would that be considered a multi signature wallet?
I just setup a wallet that I'm thinking is super-secure. Basically, I have Multibit and my wallet files/keys running off a usb drive. The drive is then encrypted using a piece of software called VeraCrypt. I'm thinking that this wallet is near impossible to crack. The password to the drive is ginormous and since Veracrypt takes about 10 seconds to verify the password is correct, it won't likely be bruteforce-able. The wallet is still easily accessible for me because I can get the usb drives password quickly using another app called 1Password.
In reference to 1Password, check this out:
http://arstechnica.com/security/2015/06/serious-os-x-and-ios-flaws-let-hackers-steal-keychain-1password-contents/
What you have described sounds reasonable otherwise. Maybe not use computer software to store your passwords.
Also make sure you have a backup somewhere else, for your USBs.
I'll keep using paperwallets in the mean time..
I just came back to read that article about 1Password. From what I gained, the attack happens through iCloud. I disabled iCloud completely on my Mac and use dropbox for 1Password backups. Do you think it'll be safe from that type of attack?
I just found out that you can't withdraw a designated amount of Bitcoin from paper wallets, you can only sweep or import them.
This seems kind of weird to me. What is the point of a paper wallet if its sole purpose is to later on be swept clean of its coins? If security is an issue, wouldn't it make more sense to have a software bitcoin wallet that runs off an encrypted usb drive?
This seems kind of weird to me. What is the point of a paper wallet if its sole purpose is to later on be swept clean of its coins? If security is an issue, wouldn't it make more sense to have a software bitcoin wallet that runs off an encrypted usb drive?
You've had some really great responses in this thread. In my view, paper wallets are inferior to the double-flashdrive approach.
Just keep your wallet.dat files on 2 drives stored in separate locations. Then, keep a bitcoin client "containing dust" fully synchronized on your machine on the ready.
Now, when you need to make a withdrawal, close the client, copy over your USB wallet.dat, reopen client and make withdrawal, then reverse the process to restore the dust wallet. Keep one flashdrive hidden and one within easy grasp.
Interesting. Would that be considered a multi signature wallet?
I just setup a wallet that I'm thinking is super-secure. Basically, I have Multibit and my wallet files/keys running off a usb drive. The drive is then encrypted using a piece of software called VeraCrypt. I'm thinking that this wallet is near impossible to crack. The password to the drive is ginormous and since Veracrypt takes about 10 seconds to verify the password is correct, it won't likely be bruteforce-able. The wallet is still easily accessible for me because I can get the usb drives password quickly using another app called 1Password.
In reference to 1Password, check this out:
http://arstechnica.com/security/2015/06/serious-os-x-and-ios-flaws-let-hackers-steal-keychain-1password-contents/
What you have described sounds reasonable otherwise. Maybe not use computer software to store your passwords.
Also make sure you have a backup somewhere else, for your USBs.
I'll keep using paperwallets in the mean time..
Damn... I'm not worried about anyone getting my usb password, since they can't use it unless they physically have it, but I have a ton of other passwords on their as well. I guess it's time to look for a better way to store passwords...
I just found out that you can't withdraw a designated amount of Bitcoin from paper wallets, you can only sweep or import them.
This seems kind of weird to me. What is the point of a paper wallet if its sole purpose is to later on be swept clean of its coins? If security is an issue, wouldn't it make more sense to have a software bitcoin wallet that runs off an encrypted usb drive?
This seems kind of weird to me. What is the point of a paper wallet if its sole purpose is to later on be swept clean of its coins? If security is an issue, wouldn't it make more sense to have a software bitcoin wallet that runs off an encrypted usb drive?
You've had some really great responses in this thread. In my view, paper wallets are inferior to the double-flashdrive approach.
Just keep your wallet.dat files on 2 drives stored in separate locations. Then, keep a bitcoin client "containing dust" fully synchronized on your machine on the ready.
Now, when you need to make a withdrawal, close the client, copy over your USB wallet.dat, reopen client and make withdrawal, then reverse the process to restore the dust wallet. Keep one flashdrive hidden and one within easy grasp.
Interesting. Would that be considered a multi signature wallet?
I just setup a wallet that I'm thinking is super-secure. Basically, I have Multibit and my wallet files/keys running off a usb drive. The drive is then encrypted using a piece of software called VeraCrypt. I'm thinking that this wallet is near impossible to crack. The password to the drive is ginormous and since Veracrypt takes about 10 seconds to verify the password is correct, it won't likely be bruteforce-able. The wallet is still easily accessible for me because I can get the usb drives password quickly using another app called 1Password.
Re: Can somebody (profitably) get into cloud mining for a low cost?
At this point, I'm giving up on mining altogether. After all the hours of research that I have done, mining just seems to be an arms race of who can get the biggest and baddest hardware. It just doesn't seem sustainable in the long-term.
However, what I have been interested in is Bitcoin trading. It seems pretty easy and doesn't require you to invest a lot of money. I made a couple bucks today when the price of Bitcoin went to $252.
However, what I have been interested in is Bitcoin trading. It seems pretty easy and doesn't require you to invest a lot of money. I made a couple bucks today when the price of Bitcoin went to $252.
Trading is not as easy as it seems like. 220-240 circle has just been broken. Good Luck though
I'll have to do more research. I don't have much experience in investing but it seems like the price of Bitcoin is so volatile that its easy to buy low and sell high-ish. Anyway, trading seems a hell of a lot more reliable than mining.
Giving the market your money without significant trading experience will almost certainly result in you losing it, if not right away, eventually when your luck runs out. Paper trade for a few months to see how you do, then start with like $5. Trading is not easy. Not not not.
Good advice, however I never plan on investing a lot of money into Bitcoin. I'll definitely try out some stock simulations just to see what the heck happens.
I just found out that you can't withdraw a designated amount of Bitcoin from paper wallets, you can only sweep or import them.
This seems kind of weird to me. What is the point of a paper wallet if its sole purpose is to later on be swept clean of its coins? If security is an issue, wouldn't it make more sense to have a software bitcoin wallet that runs off an encrypted usb drive?
This seems kind of weird to me. What is the point of a paper wallet if its sole purpose is to later on be swept clean of its coins? If security is an issue, wouldn't it make more sense to have a software bitcoin wallet that runs off an encrypted usb drive?
Re: Can somebody (profitably) get into cloud mining for a low cost?
At this point, I'm giving up on mining altogether. After all the hours of research that I have done, mining just seems to be an arms race of who can get the biggest and baddest hardware. It just doesn't seem sustainable in the long-term.
However, what I have been interested in is Bitcoin trading. It seems pretty easy and doesn't require you to invest a lot of money. I made a couple bucks today when the price of Bitcoin went to $252.
However, what I have been interested in is Bitcoin trading. It seems pretty easy and doesn't require you to invest a lot of money. I made a couple bucks today when the price of Bitcoin went to $252.
Trading is not as easy as it seems like. 220-240 circle has just been broken. Good Luck though
I'll have to do more research. I don't have much experience in investing but it seems like the price of Bitcoin is so volatile that its easy to buy low and sell high-ish. Anyway, trading seems a hell of a lot more reliable than mining.
Re: Can somebody (profitably) get into cloud mining for a low cost?
I am still a bit skeptical on how great cloud mining is. The biggest part that confuses me is: why are people renting out the space instead of mining for themselves?
I've heard that genesis-mining.com is pretty reputable. To my knowledge, it allows you to buy GH for a one-time price. You get paid as long as what you're mining surpasses their electricity costs.
Is cloud mining even worthwhile? I just don't see how you could make a profit from it. BTW, I'm not looking to make big bucks off mining. I'm just looking to make a few bucks here and there without a huge initial investment.
Part of the reason I am interested in cloud mining is because I'm not too fond of the initial cost of mining hardware(ex. the $500 price of an AntMiner s5).
Any insight would be greatly appreciated.
Thanks!
I've heard that genesis-mining.com is pretty reputable. To my knowledge, it allows you to buy GH for a one-time price. You get paid as long as what you're mining surpasses their electricity costs.
Is cloud mining even worthwhile? I just don't see how you could make a profit from it. BTW, I'm not looking to make big bucks off mining. I'm just looking to make a few bucks here and there without a huge initial investment.
Part of the reason I am interested in cloud mining is because I'm not too fond of the initial cost of mining hardware(ex. the $500 price of an AntMiner s5).
Any insight would be greatly appreciated.
Thanks!
You are asking the right questions. Why would people rent out the miners if they were profitable? how could it be a smart move for the cloud mining company and the user? They are passing off all of the risk to you, and even if you make the right end of that bet, and difficulty stops increasing and the miners are profitable, they can fuck you over because they have your money, the miner you paid for, and the coins that were mined.
Why are you interested in mining at all? If the answer is get coins, why not just buy coins? I don't think these cloud mining operations (legit or scamtastic) really support any of the other reasons for mining, so just bite the bullet and buy hardware.
If for some reason you still want to do cloud mining. Make them show you evidence that they are actually mining (because all the ponzi ones will run out of money eventually). They should have an address that has freshly mined coins, and they should pay those to you. They should be able to show you pictures and video of the miners running. The payouts should match reality. pool luck, difficulty changes, hardware breaking down, being replaced, being upgraded should make it so that the payouts are not really consistent.
At this point, I'm giving up on mining altogether. After all the hours of research that I have done, mining just seems to be an arms race of who can get the biggest and baddest hardware. It just doesn't seem sustainable in the long-term.
However, what I have been interested in is Bitcoin trading. It seems pretty easy and doesn't require you to invest a lot of money. I made a couple bucks today when the price of Bitcoin went to $252.
you cant, your rank is too low
Thanks! Is there any way to keep track of how close I am to getting to the next rank?
I just received my wagecan debit card a few days ago and I have to say that so far its been great. I have used it at Walgreens and at a few restaurants so far without any issues. It is pretty convenient now that I can just transfer my bitcoins directly to the btc address on the card. It also states that loading the card may take 2 business days , but my deposit cleared in less than 12 hrs.
This is the only card I have currently so I cannot say if its better or worse than anything else out there, but just wanted to share my experience with it so far.
This is the only card I have currently so I cannot say if its better or worse than anything else out there, but just wanted to share my experience with it so far.
Let us know if it gets rejected anywhere! I'm still on the fence about getting a bitcoin debit card. I heard the the Xapo card gets rejected at certain locations.
Re: Can somebody (profitably) get into cloud mining for a low cost?
I am still a bit skeptical on how great cloud mining is. The biggest part that confuses me is: why are people renting out the space instead of mining for themselves?
I've heard that genesis-mining.com is pretty reputable. To my knowledge, it allows you to buy GH for a one-time price. You get paid as long as what you're mining surpasses their electricity costs.
Is cloud mining even worthwhile? I just don't see how you could make a profit from it. BTW, I'm not looking to make big bucks off mining. I'm just looking to make a few bucks here and there without a huge initial investment.
Part of the reason I am interested in cloud mining is because I'm not too fond of the initial cost of mining hardware(ex. the $500 price of an AntMiner s5).
Any insight would be greatly appreciated.
Thanks!
I've heard that genesis-mining.com is pretty reputable. To my knowledge, it allows you to buy GH for a one-time price. You get paid as long as what you're mining surpasses their electricity costs.
Is cloud mining even worthwhile? I just don't see how you could make a profit from it. BTW, I'm not looking to make big bucks off mining. I'm just looking to make a few bucks here and there without a huge initial investment.
Part of the reason I am interested in cloud mining is because I'm not too fond of the initial cost of mining hardware(ex. the $500 price of an AntMiner s5).
Any insight would be greatly appreciated.
Thanks!
you can trust cloudmining 100%
iam a member of cloudminr.io and bitcoincloudservice
if cloudmining have "real ghs/hardware mining" he can get profit from who rent his GHS
he can get money first, and use that money to build her bussines
and he get profit from electric cost
if cloudmining not have ghs/hardware mining he get more profit because he use ponzi scheme
Both of the sites you invested are ponzis.
How can you tell they are ponzis?
Re: Can somebody (profitably) get into cloud mining for a low cost?
the primarly reason is because of electricity, if you pay too much for it, it is better to go with cloud site, they aren't very different than mining with your equipments, the scammers are everywhere
buying your phisical equipments does not come without risk, actually there is more, compared to cloud, for example
they could arrive damage(assuming who is ship those is legit)
they could arrive in bad conditions and stop working after two week and you can't do nothing at this point
add to this maintanance, better fan system(they are all fuck noisy) ecc...and in the end you will say that it is not worth it to have psysical miners
unless you really love dealing with physical stuff(i love it too, but i love more gpu rig to be honest, sadly they are enarly useless), cloud is more advisable nowadays, the only problem is that only few cloud are legit cloud
besides this cloud work like if you have the best miners in your home, so roi should be around 6 months(assuming no change on the diff)
buying your phisical equipments does not come without risk, actually there is more, compared to cloud, for example
they could arrive damage(assuming who is ship those is legit)
they could arrive in bad conditions and stop working after two week and you can't do nothing at this point
add to this maintanance, better fan system(they are all fuck noisy) ecc...and in the end you will say that it is not worth it to have psysical miners
unless you really love dealing with physical stuff(i love it too, but i love more gpu rig to be honest, sadly they are enarly useless), cloud is more advisable nowadays, the only problem is that only few cloud are legit cloud
besides this cloud work like if you have the best miners in your home, so roi should be around 6 months(assuming no change on the diff)
Have any suggestions for reputable cloud mining companies? Also, what measures should I take to decide if I'll be profitable using a cloud mining service?
From what I heard, BitPlastic is a complete scam. I was sold on Xapo until I heard there was a monthly fee:( At least their fee is small.
Has anyone here bought a Bitcoin debit card yet?
Has anyone here bought a Bitcoin debit card yet?
Sure, I have all the legitimate cards available in the US (I do not recommend BitPlastic, too many bad reviews.) I have a review up at your bitcoin debit card options.
Awesome! Which one did you have the most positive experience with? It looks like you are most in favor of WageCan.
Can somebody (profitably) get into cloud mining for a low cost?
I am still a bit skeptical on how great cloud mining is. The biggest part that confuses me is: why are people renting out the space instead of mining for themselves?
I've heard that genesis-mining.com is pretty reputable. To my knowledge, it allows you to buy GH for a one-time price. You get paid as long as what you're mining surpasses their electricity costs.
Is cloud mining even worthwhile? I just don't see how you could make a profit from it. BTW, I'm not looking to make big bucks off mining. I'm just looking to make a few bucks here and there without a huge initial investment.
Part of the reason I am interested in cloud mining is because I'm not too fond of the initial cost of mining hardware(ex. the $500 price of an AntMiner s5).
Any insight would be greatly appreciated.
Thanks!
I've heard that genesis-mining.com is pretty reputable. To my knowledge, it allows you to buy GH for a one-time price. You get paid as long as what you're mining surpasses their electricity costs.
Is cloud mining even worthwhile? I just don't see how you could make a profit from it. BTW, I'm not looking to make big bucks off mining. I'm just looking to make a few bucks here and there without a huge initial investment.
Part of the reason I am interested in cloud mining is because I'm not too fond of the initial cost of mining hardware(ex. the $500 price of an AntMiner s5).
Any insight would be greatly appreciated.
Thanks!