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Showing 6 of 6 results by peterbyte
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Topic
Board Games and rounds
Re: 0.025 BTC for a puzzle
by
peterbyte
on 12/12/2013, 22:32:35 UTC
Is it a smartphone?  Wink
Post
Topic
Board Beginners & Help
Re: Losing blockchain every time my laptop runs out of batteries
by
peterbyte
on 10/12/2013, 23:07:46 UTC
You could backup the blockchain files on external device and copy it back when it happens. Should save you some time.
Post
Topic
Board Beginners & Help
Re: Offline Wallets - Public/Private keys - Retrieving funds
by
peterbyte
on 10/12/2013, 23:00:17 UTC
The public key is to receive funds like your bank account number. The private key is like the password to your funds. To spend it you have to import your private key in a bitcoin wallet. So if you want to spend the coins importing the private key is not a huge mistake it is the only way to do it.
Post
Topic
Board Beginners & Help
Re: I have 9btc in bitstamp at 1000 should I wait?
by
peterbyte
on 08/12/2013, 23:30:41 UTC
yes it is legal. At btc-e you can see how many bots are trading there.
Post
Topic
Board Beginners & Help
Re: Need major help - PLEASE 1600 BTC
by
peterbyte
on 08/12/2013, 18:52:35 UTC
Only cash out what you need for your personal spendings and maybe some other values you can easily buy like gold  and build up your reputation on localbitcoins till you are 18. When you are 18+ sell a larger amount of it and buy a house for you and your family. If you want to invest in mining or try investing at the stock markets use small amounts for testing till you convinced yourself that it is something you wanna do longterm.
You also need to check out what happened to the price of LTC and BTC after silk road and atlantis were closed. Wink
Post
Topic
Board Beginners & Help
Re: in all honesty, could it still be profitable to get into mining?
by
peterbyte
on 06/12/2013, 19:44:14 UTC
Quote from: yetisalmon on December 06, 2013, 06:03:55 PM
Say I was to buy a machine like this:

http://advancedminers.com/bitcoin-mining-hardware/1-2ths-bitcoin-miner/?gclid=CKjFyaOSnLsCFYl9OgodXFMASQ

If I am really mining at 1.2 TH/s then I am generating roughly 25BTC per month....

From this standpoint, it seems like a no brainer....the machine cost $6K, so I would make it up in one week of mining.....

Am I missing something?  I know the difficulty will be going up.....
And what happens in 2016?  BTC gets halved every 4 years?  What is that all about?


Any thoughts would be greatly appreciated.

Thanks,
RLF

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php

Check out this site. 25BTC/month and 1 week for break even wont happen.