So whats the earning potential from them using this supercomputer.. 1 petaflop lol.. maybe someone can post up just an hour and a day using this computer for BTC mining..bet it would be insane haha

I work in IT for a large bank. last year 4 analysts were shown the door for using a fail over IBM series 900 to mine bitcoin. It later came out that during night shifts over a 9 month period they pocketed 1.8 ish million $. No redress, just hushed up. not a bad hourly rate:)

And I though no one ever got sacked for going with IBM ;)

you don't if you pay for it, they just did'nt pay. :(

Hmm

I want one of those supercomputers

That beats launching the missles

Yes! This could be the way to redeploy the military and still satisfy their greed.

what about the body bags business youre not going to solve their problem are you?

Ha I always thought it would be cool if all the world's soldiers just switched to game terminals and we agreed on the outcome. They have all kinds of rules of war anyway why not just add a few we can wind up in the same place without killing anybody.

Skynet says "yes... mwahahaha"

Monero ;)

Steve Bannon was his right hand man?

Always be your own right hand man

Yuk. Left hands yum

LOVE this

shows anything is possible kids

Just get the bitcoin when you need them, having them just sitting around is stupid, all the future market guys sold December last year when it was 14k a coin, I was told sell the coins as soon as I get so I lost 33% over a week

True that mate and I don't see a reason it's going to go up.

It never has mate. But the same up manipulation is set up each time it goes down so no worries

Don't know what you are complaining about Daily puff, Bitcoin coming in no Puff going out you are still up,

Guys I appreciate it you standing behind your orders and not cancelling them like I've seen elsewhere when the exchange rate shits itself. That said know it sucks for customers too, we buy the coins we need then it comes up short then it falls some more while we buy the extra :(

I need a really really good reason for an alt coins existence otherwise its btc or eth. There are enough forks and scams and me toos. I like filecoin because it solves a real problem, distributed storage.

There are a few good altcoins that I can get behind. They have a good purpose or at least intend to when they catch on or when the time comes. However the volatility is horrible. They are good for doing some swing trading when you can spot one that is going to take off but lack stability. But then at the time of this post so do BTC and the other big coins.

I do a little alt coin trading on Binance but more so short holds for some small but quick proffits then put it back into BTC or ETH depending which is on the rise. Just play around with trading when my stock friends give me a heads up that something is going to break out into a bull run or if I am checking out the market and see one that looks promissing and on the rise.

Pretty much all coins vary in value like stocks do. There is finite supply of coins based on mining, which is using processor power to solve pieces of the block chain which gets more difficult as it progresses. However no matter the amount of coins that are availible if they are not wanted then the price goes down.

Often times certain events influance the demand for the currancy. The reason it went down this time was due to a Coinbase announcement that they where not going to be allowing BCH trades for a specific period after the hard fork that happened just recently. A big BTC holder sokd off a shiload of coin which started it to drop and of course others started following suit and sold off their coin as well. There are also things like market corrections, people pulling out to invest in stock or alt coins and a bunch of other random shit. Some of which is predictable and others very much not so.

Hope that kinda sumarizes things.

Shouldn't that coinbase announcement help BTC as it's a substitute for BCH?

The cryto world is even more fickle then the actual stock market. CoinBase is one of the biggest market places / sellers of crypto so it put a lot of people on edge. Been downward a lot since then.

I noticed my wallet went down a couple days ago, the pound happened to drop at the same time, is this just purely coincidental?

Supply and demand. Not being short here but every price comes down to that.

OK what determines supply and demand?

Supply is limited by mining difficulty so it's always growing at a slower rate. Basically coins are getting harder and harder to mine.

So the bitcoin value should be increasing not decreasing?

Demand is another matter, who buys bitcoins? Besides biggaz? Speculators, "fin-tech" traders of every size and shape but they all look for one thing: a quick profit. Their dealings amongst themselves is all game theory and meme-pumping. So lots off ups and downs.

Bought up 1100 in BTC just two days ago with a card. Have to go theough different verification steps and gain a little trust first.

https://spectrocoin.com/ using this all the time from 2015

Very good one but here is quote from them :(

"you're not allowed to link a card unless you would apply for user verification process - which is not possible because of the regulations in USA"

Coinmama has been accepeting cards for years, another good option is with better rates is xcoins.io.

Zell transfer using localbitcons.com. Super fast, like minutes.

Use a bank account instead of a card, your options go from shit to shinola. You can even use your coinbase account, basically every exchange loves it.

Cex.io takes cards. They are a very legit exchange.

Bitcoin is a platform for money - like social accounting software vaguely.

Ethereum is a platform for contracts between computers - like networked a legal system vaguely. The coin is a subset of all this.

Just to expand on "social accounting" its basically a bunch of computers agreeing that a coin moved from one to another, with all the records being opened and "confirmed", thats why you wait for confirmations after you send coins.

The motivation behind them is hugely different. bitcoins were created by libertarian types, looking to create a free world on the internet.

Ethereum was more about technical perfection for such an effort. It's not only a coin but a language for commerce between machines.

Very outdated guide, Coinmama does not let you remain unverified, Shapeshift has implemented KYC too. Here's a more up-to-date howto

Thanks Emeralds, people should keep in mind that even these exchanges have limits on unverified transactions. If they don't post them openly (eg wall of coins) then ask them before you buy. In general you will want to make multiple smaller transactions as you test an exchange.

I asked wall of coins, they said the threshold is 2,000 usd.

Agreedba, wall of coins is a good one.

They are not at all helpful, don't answer questions and wanted me to sign a paper stating I had received something before I received it. I'm not going to pay approx £100 and say I've received it before I HAVE RECEIVED IT.
I agree with others who say their costs are excessive.

I just checked... it sucks. If l paid $195 l would get $47 worth of Bitcoin. That's bullshit. I think you should try to find someone else to buy from. As much as l hate coinbase, they still have one of the lowest rates, 3.99%. It's a pain in the ass to sign up with them, but it still beats the crap out of Paxful. Happy hunting my friend.

Excellent selection of ways to pay here.

LocalBitcoins.com gives you a ton of payment choices for making purchases.

I use Satoshi Point ATM (4 times) and pay cash in, they take a small fee but all you need is your code/recieve address. It normally clears in a couple of hours....

You can use a ton of different sites to buy btc. I personally recommend localbitcoins.com; changelly.com is a good one too. local will give you a variety of payment methods; all btc are locked in escrow and I haven't had an issue buying from anyone there yet.

That depends on how you pay for it. If you use PayPal or CC the rates will be a lot higher than using your bank account or cash.

When you get to the buy page on little biggy there is a list of suggestions for people who dont have coins.

there are lots of superior alternatives, what country are you in?

What are better alternatives for CH and /UAE?

localbitcoins.com is a very good alternative for both of these countries. let me know if you need any help.

Is it just me or localbitcoins has way too high exchange rates?

If you are in one of those countries you are going to pay a premium just to get coins and given the privacy of lbc that's worth it right there. But more importantly the thing with bitcoins is the fees are a fraction of the change in price from volatility. In the time you worry about the exchange rate from any particular trader the market moves more than this.

I don't think he (dbrndbrn) is in those countries. Cex.io is a good one for exchange rates.

What kind of machine do you need for that?

I use gtx 1060 the price changes daily but for 5 cards this what I earn

My plan is to keep adding cards, I have almost filled up my rig and will get a larger frame, in theory the more cards I run the more bitcoins I earn

With nicehash you can even use a Windows PC

So does honeyminer, anyone know which is better?

It's uneconomical to mine BTC with anything less than a server farm and/or a very low cost of electricity. However you can mine some new alt coins with a single PC. It's actually a fun and cheap way to bet on them.

Good boy, Davey.

The "best" way (from my POV) for you to "lose" btc is for you to send them to me here --- 1EVpX3nEJ83q7LkaGaYffECrBrTjVXFwkt

The "worst" way to "lose" your btc is for you to either forget your priv key/password and/or for you to publish your wallet info online.

Either scenario is the same; you don't have those btc anymore. But, tbh; I prefer choice 1...

I was going to say buying them. I've lost plenty just by buying them. Don't wait to use them. You can lose a mint waiting. They even skim them from your USD wallet, not a lot but l thought it wasn't possible. I'm talking about Coinbase. I haven't tried other sellers because most don't do business in Georgia and the ones who do charge about 50% for every Bitcoin dollar you buy. Hopefully, this website will start accepting bch. From what l hear it has almost no fees when you buy it and send it and it's easier to use than btc.

Ha this is actually a real good question I lost 500 bucks worth when I lost my password!

The best way to not lose bitcoins is to spend them or store them carefully, it's the in-between where folks lose them.

In between can be a bitch.

Isn't there a way to recover your password at most exchanges?

Exchanges sure but if you have a wallet on your comp you are on your own. Ironic because I bet a lot is lost this way avoiding the risk of storing coins on the exchanges.

I've lost coins both of these ways! Can't say what the best is but losing the wallet password was the worst since the person I wanted to strangle was well within reach.

Both you and me. It's a nightmare dealing with Coinbase. There hasn't been a single time when l didn't have problems with my purchase(17 times).Tell you what. Swing by my place the next time you feel like strangling them. We can go to California and physically express our grievances with them. Maybe afterwards we can go to Disneyland or some shit like that. Just don't try to get me to go to San Francisco. I couldn't handle being that close to the 9th circuit.

This makes me wish we didnt use bitcoin, they are great but with the energy use to send coins its like taking your kids to school in a semi.

How in the hell did that happen? Seems impossible, especially when you, if you're lucky, only take a couple of minutes to buy and send them. I always question the source when it comes to climate change.

It's the nature of bitcoin that causes this. The transaction confirmations we wait for for require very complex and duplicative processing across a worldwide network of computers. Just think about the security for an open network like this to work and you can start imagine the horsepower.

Granted, but as l said, l always question the source when it comes to climate change. The people who believe in it will say anything to advance their agenda. Now, if we're talking about CERN, that's understandable. They use enough energy to power a large city for a week each time they use it. Also have to take into account the price for electricity has risen quite a bit since last year. I paid over $400 on my electric bill last summer. That's after l used to pay $200 during the same period the year before. I think that should be taken into account as well. It could, on its face, look like more power is being used when it's actually just a rise in price for said electricity. I've been around long enough to know the length people will go to to push their beliefs down everyone's collective throat. This could be one of those times.

I've seen references to btc being energy wasteful but never had an idea it was this bad, thanks for presenting this analogy.

Apbsolutley. That would be brilliant for this site. The fees are getting ridiculous atm anything that could bring those down or eliminate them can only be good for little biggy. The amount of time this site has been active with other crypto currencies available i cannot believe it has not already been done. Let us no if you follow through with the plan we'd love to get on board.

Yes we support this.

Oh yeah, anything with cheaper tx fees would be great!

Always interested in using bch and eth; in fact, I get paid in eth; so, I'm VERY interested.

That's awesome, may I ask how someone gets paid in eth?

Yes please! Would speed things up around here for everyone.

Definitely interested,as bitcoin transaction fees are through the roof right now,I've paid as much as €20 to miners to confirm transactions recently,maybe Litecoin would be another option to consider too,virtually zero transaction fees and extremely fast turnaround times.

Coinbase charged me $31 to send $7. Of course l didn't find that out until after l had tried to send $38, expecting to charged 3.5%. I tried to get a response from them but to no one's surprise, they ignored me. They should be grateful they're located on the left coast and I'm on the east coast. This definitely qualifies as reason to make a personal appearance. Fucking leeches! Before anyone makes a suggestion about trying someone else out, there is no one else that does business in Georgia, at least no one who charges less than 50%. ATMs are also out of the question. The closest one is 150 miles away in Florida.

Just try again and the fee will change. Coinbase is wicked but they aren't that wicked, the btc network is.

Then they are going to be highly upset/disappointed... After all; that is the POINT of DECENTRALIZED CURRENCY; we are taking OUR money back from the banks/governments.

Not "if" big fella.

There are many solutions the easiest of which is an upgrade to the source code of the currency, just like security updates for any software. Cryptocurrencies can evolve around these kind of problems, especially when they are open source with large communities.

On 1 August 2017 a parallel universe was born out of a singularity. We call this a fork. Everything was identical for 1 moment but then the 2 branches: bitcoin (btc) and the new bitcoin cash (bcc) became different currencies with different futures.

Another analogy is its a clone of bitcoin, and everyone with a wallet on Aug 1 gets a free clone. After that new coins are mined separately on bitcoin and bitcoin cash, it's former clone.

It's noteworthy that it had a market cap in the billions from launch. You could call it hype cycling but when you realize what it is: a clone of a proven currency with an agenda to lower fees and serve everyday users then it's not so hard to understand.

Lower fees sounds good, I have paid like 30 bucks on a transaction recently

Yes, here's a guide

thanks

check out the {bounties} page there are many kinds of internet work available for pay in bitcoins.

Bounties? Got a link?

it's called {bitcoin bounties}