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Dear Admin,
Thanks for starting the new site. It was really confusing having the shitty coins that can be mined but not sold all mixed with the shitty coins that can be staked and not sold.
Thanks for starting the new site. It was really confusing having the shitty coins that can be mined but not sold all mixed with the shitty coins that can be staked and not sold.
Re: [ANN] TeaCoin [TEA] -@Bittrex - Fast - 0 Premine - 2.5% inflation
TEACOIN
This coin was apparently abandoned by the original dev team and picked up by the operator of Hobbyist Pool. The wallet there is the latest version, and at least part of the current node list below comes from the Home page of their Teacoin pool. It has been a profitable coin for us. Here is everything we know.
Wallet:
https://github.com/Hobbyistpool/teacoin
Nodes:
addnode=203.20.114.252:7921
addnode=coins.prohashing.com:6827
addnode=76.95.178.229:48666
addnode=91.121.221.92:7921
addnode=104.183.139.17:7921
addnode=50.225.198.67:33530
addnode=149.28.164.168:43628
addnode=76.95.178.229:58844
Explorer:
https://prohashing.com/explorer/Teacoin/
Markets/Exchanges:
tradesatoshi.com - Teacoin trades regularly and well in at least four of five markets..
Mining Pools:
You can still mine Teacoin at the pools below. The low difficulty makes it perfect for older or low difficulty miners. Stack them in the order below for best results.
prohashing.com
hobbyistpool.ddns.net/tea/
Analysis:
This is still a great coin for a few reasons. First of all, it is fairly stable. The pools listed above have been cranking away reliably for months at our mining farm, and though sometimes Teacoin will drop off the list at Prohashing.Com because of occasional radical price fluctuations, Hobbyist pool remains up when Prohashing.Com is down, making it the logical failover pool.
Prohashing automatically pays out at $1.00 worth of Teacoin. As stated above, whether it is mineable at Prohashing.Com is based on some price calculation at PH. It sometimes falls off the mineable coins list, so be sure to set a failover pool. We set our payout coin at PH to Teacoin and then mined high network difficulty stable coins. The result was large daily payouts of Teacoin. See "Strategy" below for more info on this.
Hobbyist Pool has a very low automatic payout at 200 Teacoin, and this can be a bit annoying if the pool difficulty is low and you are mining a shit ton of Teacoin. Also, it is a project pool, and they are very clear about that. We have not been able to send substantial hashrate to the site because it becomes overloaded. Finally, and this is IMPORTANT, do not use the feature in settings that allows you to turn off the threshold. According to a recent discussion with PH support, Teacoin has a lot of bad inputs, and so it can be difficult to make large payments as the inputs must be consolidated before payout can be effectively completed. When we turned automatic payments off and then attempted to manually withdraw a larger amount of Teacoin, Hobbyist Pool had some difficulty with it. Ergo, we recommend leaving unchanged the automatic payment suggested by the pool.
There are five markets available at TradeSatoshi. They are BTC, USDT, DOGE, ETH, and LTC. All but BTC trade fairly regularly, and ETH and LTC trade daily. BTC has no buy orders, but occasionally during price swings to the up side buys will be made for one satoshi each. We had no trouble perking up the price on this coin and always making more than the value listed at Prohashing.Com. See "Strategy" below for more information on this. Many low market cap or zombie coins at TS aren't even available on all five markets, and the fact that Teacoin is represented in all five speaks to it's stability.
There is one troubling consideration that is vital to note. Teacoin is kept alive by the market at TS and the pool at PH. If PH or TS delist Teacoin, the party is likely over. To truly stabilize Teacoin there needs to be at least one more dependable exchange and another pool capable of handling considerable small miner traffic. In our experience, if the coin isn't moving it's because it's down at Prohashing. Their volume completely drives this coin.
Strategy:
The strategy for this coins is fairly straightforward. As stated above, we set our payout coin at PH to Teacoin, then mined high network difficulty stable coins, In doing so, PH exchanges the stable coins for Teacoin by buying them at TS. This drives the market. Go to your chosen market at TS and scan through the recent history for Teacoin. We like Doge for small market cap coins, but the choice is yours. Just about all of the buy orders will be from PH. Look at the price at which they have been buying and sell for that or slightly higher. That's it.
It is easy to twitch the market up and down on this coin because of the predictable relationship between PH and TS, however, be aware that PH sometimes stops buying if the price goes too high. We have assumed this is based on internal calculations at PH. Last week Teacoin was unavailable for days. When we sold a chunk of Teacoin at the going buy rate at TS, it suddenly came back up again and was available for mining. So it appears that some arbitrage in the form of shutting the coin down to avoid price spikes or a rise in overall value is in play at the one pool that entirely drives the market for this coin.
As stated above, the current state of Teacoin is this: if the circular relationship between TS and PH breaks down, this coin will fall flat. It needs more pools and at least one more exchange to really get fat. However, the upside is clear. Small hardware miners, and even some CPU/PU rigs, can take advantage of the low difficulty and regularity of this resurrected small market cap coin.
So go mine some Teacoin and sip the profits!
Strugmo - Prairie MIners
Cryptocurrency Research Mining
This coin was apparently abandoned by the original dev team and picked up by the operator of Hobbyist Pool. The wallet there is the latest version, and at least part of the current node list below comes from the Home page of their Teacoin pool. It has been a profitable coin for us. Here is everything we know.
Wallet:
https://github.com/Hobbyistpool/teacoin
Nodes:
addnode=203.20.114.252:7921
addnode=coins.prohashing.com:6827
addnode=76.95.178.229:48666
addnode=91.121.221.92:7921
addnode=104.183.139.17:7921
addnode=50.225.198.67:33530
addnode=149.28.164.168:43628
addnode=76.95.178.229:58844
Explorer:
https://prohashing.com/explorer/Teacoin/
Markets/Exchanges:
tradesatoshi.com - Teacoin trades regularly and well in at least four of five markets..
Mining Pools:
You can still mine Teacoin at the pools below. The low difficulty makes it perfect for older or low difficulty miners. Stack them in the order below for best results.
prohashing.com
hobbyistpool.ddns.net/tea/
Analysis:
This is still a great coin for a few reasons. First of all, it is fairly stable. The pools listed above have been cranking away reliably for months at our mining farm, and though sometimes Teacoin will drop off the list at Prohashing.Com because of occasional radical price fluctuations, Hobbyist pool remains up when Prohashing.Com is down, making it the logical failover pool.
Prohashing automatically pays out at $1.00 worth of Teacoin. As stated above, whether it is mineable at Prohashing.Com is based on some price calculation at PH. It sometimes falls off the mineable coins list, so be sure to set a failover pool. We set our payout coin at PH to Teacoin and then mined high network difficulty stable coins. The result was large daily payouts of Teacoin. See "Strategy" below for more info on this.
Hobbyist Pool has a very low automatic payout at 200 Teacoin, and this can be a bit annoying if the pool difficulty is low and you are mining a shit ton of Teacoin. Also, it is a project pool, and they are very clear about that. We have not been able to send substantial hashrate to the site because it becomes overloaded. Finally, and this is IMPORTANT, do not use the feature in settings that allows you to turn off the threshold. According to a recent discussion with PH support, Teacoin has a lot of bad inputs, and so it can be difficult to make large payments as the inputs must be consolidated before payout can be effectively completed. When we turned automatic payments off and then attempted to manually withdraw a larger amount of Teacoin, Hobbyist Pool had some difficulty with it. Ergo, we recommend leaving unchanged the automatic payment suggested by the pool.
There are five markets available at TradeSatoshi. They are BTC, USDT, DOGE, ETH, and LTC. All but BTC trade fairly regularly, and ETH and LTC trade daily. BTC has no buy orders, but occasionally during price swings to the up side buys will be made for one satoshi each. We had no trouble perking up the price on this coin and always making more than the value listed at Prohashing.Com. See "Strategy" below for more information on this. Many low market cap or zombie coins at TS aren't even available on all five markets, and the fact that Teacoin is represented in all five speaks to it's stability.
There is one troubling consideration that is vital to note. Teacoin is kept alive by the market at TS and the pool at PH. If PH or TS delist Teacoin, the party is likely over. To truly stabilize Teacoin there needs to be at least one more dependable exchange and another pool capable of handling considerable small miner traffic. In our experience, if the coin isn't moving it's because it's down at Prohashing. Their volume completely drives this coin.
Strategy:
The strategy for this coins is fairly straightforward. As stated above, we set our payout coin at PH to Teacoin, then mined high network difficulty stable coins, In doing so, PH exchanges the stable coins for Teacoin by buying them at TS. This drives the market. Go to your chosen market at TS and scan through the recent history for Teacoin. We like Doge for small market cap coins, but the choice is yours. Just about all of the buy orders will be from PH. Look at the price at which they have been buying and sell for that or slightly higher. That's it.
It is easy to twitch the market up and down on this coin because of the predictable relationship between PH and TS, however, be aware that PH sometimes stops buying if the price goes too high. We have assumed this is based on internal calculations at PH. Last week Teacoin was unavailable for days. When we sold a chunk of Teacoin at the going buy rate at TS, it suddenly came back up again and was available for mining. So it appears that some arbitrage in the form of shutting the coin down to avoid price spikes or a rise in overall value is in play at the one pool that entirely drives the market for this coin.
As stated above, the current state of Teacoin is this: if the circular relationship between TS and PH breaks down, this coin will fall flat. It needs more pools and at least one more exchange to really get fat. However, the upside is clear. Small hardware miners, and even some CPU/PU rigs, can take advantage of the low difficulty and regularity of this resurrected small market cap coin.
So go mine some Teacoin and sip the profits!
Strugmo - Prairie MIners
Cryptocurrency Research Mining
Re: FaucetHUB.io || +Microwallet (9 coins) ||+Dice & +Jackpot||+Games||+Exchange
Well, I have had no response to my questions here on the forum, and no response from FH support. So, good luck if you have a problem. You would think a site with a fee for literally every single action taken on the site would find a way to support users that want to work them.
CAVEAT EMPTOR.
CAVEAT EMPTOR.
Re: FaucetHUB.io || +Microwallet (9 coins) ||+Dice & +Jackpot||+Games||+Exchange
MexicanTarget, this might be kind of a long post, so thanks in advance for taking the time. What you do here, and on FH, is greatly appreciated.
I first ran into you early last year, here, about the time Epay took a shit. I was already using Faucet System for a small list of faucets, and you invited me to try FH. And since then, I have been trying to use FH for my faucets. But I keep running into a few issues, and I would like to address them here publicly so that others might benefit from the answers as well.
First, a few stipulated factors. Let's assume for these examples that I am not a premium user, I am running a known stable script, and my site is behind CloudFlare.
When I set up a new faucet and add it to the site, it fairly quickly begins to get some users and payouts. And for the first few days, there is sort of stable daily level of use. Then at some point, the traffic goes up ten fold, and just starts claiming the faucet down to nothing. It is of particular concern to me because, during that first few days or week of operation, the number claims roughly matches the number of CAPTCHAs completed, as do hits to the site, and so on. But when that wave hits, all of a sudden the traffic and CAPTCHA counts don't match anymore. CAPTCHA and traffic counts drop to under ten percent compared to the number of claims I get in FH.
Where is this traffic coming from that can claim from a site without viewing an ad, without completing a CAPTCHA, and without generating at least a non-unique page view in my server stats? On one of my actual faucets, I have had over 2,000 claims in the past 24 hours, and my server stats show under 100 page views.
So, my first question is, where is all this magic invisible ninja traffic coming from? While I trust you are making every effort to provide the best security you can, it seems implausible that there would be such a huge wave of purely unprofitable traffic without tripping some sort of alarm.
My second question might be more of a feature request. Isn't there some way to at least estimate the amount of traffic a site might experience when added to the FH list? For someone who comes in new, it's got to be a shock to the system to wake up three or four days after adding their shiny new faucet only to find that it has been drained in a few hours.
Further, I understand there is a large possibility I am fucking it up somehow. In fact, I am very humble on this point. But I am fairly savvy guy, I have done my best to gather the best info, implement the best protections I can, and secure these sites. If I can't figure it out, there's probably a lot of newbies that are going to have that wake up moment. There doesn't seem to be a lot of guidance in regard to actual security, how to identify traffic anomalies, what to report, what is normal, and so on. So maybe that's something to consider as well.
I want to build a business model that uses FH exclusively for a wide array of sites. But until I figure these things out, it's just not possible. Again, sorry for the long post. I know you are busy. I really appreciate the breadth and magnitude of everything you do.
I first ran into you early last year, here, about the time Epay took a shit. I was already using Faucet System for a small list of faucets, and you invited me to try FH. And since then, I have been trying to use FH for my faucets. But I keep running into a few issues, and I would like to address them here publicly so that others might benefit from the answers as well.
First, a few stipulated factors. Let's assume for these examples that I am not a premium user, I am running a known stable script, and my site is behind CloudFlare.
When I set up a new faucet and add it to the site, it fairly quickly begins to get some users and payouts. And for the first few days, there is sort of stable daily level of use. Then at some point, the traffic goes up ten fold, and just starts claiming the faucet down to nothing. It is of particular concern to me because, during that first few days or week of operation, the number claims roughly matches the number of CAPTCHAs completed, as do hits to the site, and so on. But when that wave hits, all of a sudden the traffic and CAPTCHA counts don't match anymore. CAPTCHA and traffic counts drop to under ten percent compared to the number of claims I get in FH.
Where is this traffic coming from that can claim from a site without viewing an ad, without completing a CAPTCHA, and without generating at least a non-unique page view in my server stats? On one of my actual faucets, I have had over 2,000 claims in the past 24 hours, and my server stats show under 100 page views.
So, my first question is, where is all this magic invisible ninja traffic coming from? While I trust you are making every effort to provide the best security you can, it seems implausible that there would be such a huge wave of purely unprofitable traffic without tripping some sort of alarm.
My second question might be more of a feature request. Isn't there some way to at least estimate the amount of traffic a site might experience when added to the FH list? For someone who comes in new, it's got to be a shock to the system to wake up three or four days after adding their shiny new faucet only to find that it has been drained in a few hours.
Further, I understand there is a large possibility I am fucking it up somehow.
In fact, I am very humble on this point. But I am fairly savvy guy, I have done my best to gather the best info, implement the best protections I can, and secure these sites. If I can't figure it out, there's probably a lot of newbies that are going to have that wake up moment. There doesn't seem to be a lot of guidance in regard to actual security, how to identify traffic anomalies, what to report, what is normal, and so on. So maybe that's something to consider as well.I want to build a business model that uses FH exclusively for a wide array of sites. But until I figure these things out, it's just not possible. Again, sorry for the long post. I know you are busy. I really appreciate the breadth and magnitude of everything you do.
LitecoinMiner.Top offers a "set it and forget it" web miner paying in Litecoin.
Give it a try!
http://litecoinminer.top
- Instant, anonymous web mining - just enter your LTC address.
- No ads, popups, cashlinks or other hassles.
- Use with PC, phone, tablet, any modern web browser enabled device.
- Use with multiple devices.
- Automatic payouts - no manual withdrawal.
- Pays directly to FS/Cryptobara.
- Current pay rate and min payout threshold available on dashboard.
- Sorry, no referral program.
Give it a try!
http://litecoinminer.top
First of all, it's not a scam just because you don't take the time to read and understand what the site is all about. You could not possibly have withdrawn your 1,000 satoshi since there's a 20,000 satoshi withdrawal threshold, which you would know if you had taken the time to actually LOOK. I have been using this site continuously for over a year. They have always paid, corrected issues for me as a faucet owner when needed, and there is obviously now a push to improve the site and make it even better.
I was paid today, a day earlier than the scheduled payout shown in the wallet area of the site.
I would also like to take the time to say... the site is looking really good. The new features are outstanding. The site is in desperate need of help files, FAQ, and so on. I understand it's in transition, but one thing that FS has NEVER been good at is communicating with users, and doing so would go a long way to solving some of these types of issues.
I was paid today, a day earlier than the scheduled payout shown in the wallet area of the site.
I would also like to take the time to say... the site is looking really good. The new features are outstanding. The site is in desperate need of help files, FAQ, and so on. I understand it's in transition, but one thing that FS has NEVER been good at is communicating with users, and doing so would go a long way to solving some of these types of issues.
Bitcoin futures allow investors to bet on the price of Bitcoin without purchasing or participating in the network at all. That's just going to add speculation and volatility to an already volatile market, and increases the likelihood of a price crash.
Who says Bitcoin isn't used anymore?
Bitcoin are used more now than ever before !!
In my country all big companies now accept Bitcoins as Payment, the local people are talking about Bitcoins, not just the young people.
Bitcoin was never meant to pay for cups of coffee, besides it isnt expansive to transfer Bitcoins.
Yesterday i transferred btc worth 10.000usd and paid less than 3usd in fee.
You sir, are wrong in so many ways.
Bitcoin are used more now than ever before !!
In my country all big companies now accept Bitcoins as Payment, the local people are talking about Bitcoins, not just the young people.
Bitcoin was never meant to pay for cups of coffee, besides it isnt expansive to transfer Bitcoins.
Yesterday i transferred btc worth 10.000usd and paid less than 3usd in fee.
You sir, are wrong in so many ways.
What country is that?
It's really too late to do this, even if you think it's a good idea. If you did it last year, you would have been in great shape. But the intrinsic value of a Bitcoin is around $1500, and the price is, well, whatever the very volatile price is at this millisecond. You can argue about whether it's actually a bubble or not, but with so much real estate between the price and the intrinsic value, the entire idea of borrowing to gamble seems like an incredibly risky strategy.
Next month the story will be, "Irate Americans who took out mortgages to buy Bitcoin can't figure out who to sue for their losses."
Next month the story will be, "Irate Americans who took out mortgages to buy Bitcoin can't figure out who to sue for their losses."
Bitcoin isn't even Bitcoin anymore.
I read here everyday, it seems like everyone is suffering from some sort of mass hypnosis that allows them to ignore reality. Bitcoin, now that it has been completely and fully co-opted by the investor class, does not even resemble what it was originally intended and believed to be. The fact that investors can gamble on the price without even buying any Bitcoin means that the price is subject to even more volatility and risk for a bubble.
Let's take a look at the Bitcoin Wikipedia page.
"Bitcoin is a cryptocurrency and worldwide payment system."
Well, not really. It was, but it's really not now. A number of large retail operations have recently begun removing Bitcoin as a payment option, bank acceptance is virtually zero, truly effective card services still aren't there, and with such a volatile market price there is really no way to know how much money you have from one second the the next. So it's validity as a currency or payment method is pretty questionable. Can you buy a car with Bitcoin? Probably. Can you buy the car you want in the town you are in from the shop you usually buy cars from? Probably not.
"Paying a transaction fee is optional."
Well, not really. I guess if you want to commit your funds to digital purgatory for a very, very long time then you might try to get your transaction through without a fee. But the fact of the matter is this. No one is ever going to buy a cup of coffee with Bitcoin when the fees exceed the price of the coffee. And the fees are outrageous. Why?
"Miners can choose which transactions to process and prioritize those that pay higher fees."
Well, not really. Saying they "can choose" is a little misleading. They do choose to do so, and that is why we have runaway fees and a very volatile and inflated market price... the miners ultimately drive the bubble because there is no reason to process any transaction for a fee less than the last. I have always seen this as a glaring problem with the entire concept. To be effectively used as a currency, small fees for routine daily transactions would have to have the same priority as any other large, investment related transaction. Right now, the fees are driven not by regular users of Bitcoin, but by investors. And they don't care if users get priced out of the market.
"Because of bitcoin's decentralized nature, nation-states cannot shut down the network or alter its technical rules."
Well, not really. Perhaps a nation state cannot technically shut down the network, but, as we have seen in the USA, they can prosecute users of cryptocurrency for a wide variety of reasons including operating a money transfer business without a license, tax violations, and more. So while technically the government may not be able to stop it, they can prosecute the hell out of it.
Final Thoughts
The futures market? Really? That just tore it for me. The fact that people can bet on the price moving up and down without actually purchasing Bitcoin or participating in the network in any way just sets off alarm bells in my head. This isn't pork bellies or Florida oranges or corn. It's people's money.
The long and short of it is this - it was a lot of fun, some of us made some money, a few of us made a lot of money, but now that the investor class has taken over, I am out. I truly wanted Bitcoin to keep the promises above, but that ship has sailed. The last fee I paid for a Bitcoin transfer a few days ago was greater than all the fees I paid in 2016 combined, and I am done with it. If I can't eventually use it to put gas in the car or buy a loaf of bread, what's the point? There are less volatile and more sensible investments, and at this point, that is what Bitcoin has become - an instrument of investment.
I read here everyday, it seems like everyone is suffering from some sort of mass hypnosis that allows them to ignore reality. Bitcoin, now that it has been completely and fully co-opted by the investor class, does not even resemble what it was originally intended and believed to be. The fact that investors can gamble on the price without even buying any Bitcoin means that the price is subject to even more volatility and risk for a bubble.
Let's take a look at the Bitcoin Wikipedia page.
"Bitcoin is a cryptocurrency and worldwide payment system."
Well, not really. It was, but it's really not now. A number of large retail operations have recently begun removing Bitcoin as a payment option, bank acceptance is virtually zero, truly effective card services still aren't there, and with such a volatile market price there is really no way to know how much money you have from one second the the next. So it's validity as a currency or payment method is pretty questionable. Can you buy a car with Bitcoin? Probably. Can you buy the car you want in the town you are in from the shop you usually buy cars from? Probably not.
"Paying a transaction fee is optional."
Well, not really. I guess if you want to commit your funds to digital purgatory for a very, very long time then you might try to get your transaction through without a fee. But the fact of the matter is this. No one is ever going to buy a cup of coffee with Bitcoin when the fees exceed the price of the coffee. And the fees are outrageous. Why?
"Miners can choose which transactions to process and prioritize those that pay higher fees."
Well, not really. Saying they "can choose" is a little misleading. They do choose to do so, and that is why we have runaway fees and a very volatile and inflated market price... the miners ultimately drive the bubble because there is no reason to process any transaction for a fee less than the last. I have always seen this as a glaring problem with the entire concept. To be effectively used as a currency, small fees for routine daily transactions would have to have the same priority as any other large, investment related transaction. Right now, the fees are driven not by regular users of Bitcoin, but by investors. And they don't care if users get priced out of the market.
"Because of bitcoin's decentralized nature, nation-states cannot shut down the network or alter its technical rules."
Well, not really. Perhaps a nation state cannot technically shut down the network, but, as we have seen in the USA, they can prosecute users of cryptocurrency for a wide variety of reasons including operating a money transfer business without a license, tax violations, and more. So while technically the government may not be able to stop it, they can prosecute the hell out of it.
Final Thoughts
The futures market? Really? That just tore it for me. The fact that people can bet on the price moving up and down without actually purchasing Bitcoin or participating in the network in any way just sets off alarm bells in my head. This isn't pork bellies or Florida oranges or corn. It's people's money.
The long and short of it is this - it was a lot of fun, some of us made some money, a few of us made a lot of money, but now that the investor class has taken over, I am out. I truly wanted Bitcoin to keep the promises above, but that ship has sailed. The last fee I paid for a Bitcoin transfer a few days ago was greater than all the fees I paid in 2016 combined, and I am done with it. If I can't eventually use it to put gas in the car or buy a loaf of bread, what's the point? There are less volatile and more sensible investments, and at this point, that is what Bitcoin has become - an instrument of investment.
Well, yes and no. They took away 5 yr contracts in August. Last week they took away 24 hr contracts, too. So if you are a new user from the USA, there is no way to actually purchase any Gh/s at all. You can mine for it using hardware miners or rentals from outside the site, or you can claim from the faucet. But that's it.
They have posted nothing about it on their site, they are still allowing new US users to sign up, deposit, etc. But no mention of the fact that one thing you really cannot do at this cloud mining site if you are from the US is actual cloud mining.
They have posted nothing about it on their site, they are still allowing new US users to sign up, deposit, etc. But no mention of the fact that one thing you really cannot do at this cloud mining site if you are from the US is actual cloud mining.
Eobot.Com has removed all GHS purchasing for USA customers. Support letter reads:
"Unfortunately, we have had to remove all GHS cloud mining for US based customers. This is a result of outside circumstances and there is no plan to add it back in the near future."
Discuss.
"Unfortunately, we have had to remove all GHS cloud mining for US based customers. This is a result of outside circumstances and there is no plan to add it back in the near future."
Discuss.