A place to discuss the crypto-currency, Traincoin.
Traincoin is the hottest new crypto-currency. It is designed to reward early miners, with rapid increasing subsidies and even quicker decreasing subsidies. Once crazy subsidy rewards are over and difficulty has increased tremendously, and the price has rocketed, there will be a maildrop of XTN to the citizens of Cape Town. We hope to build the community here! Everything is welcome, ideas, crit, art, everything!
So I keep getting this Bitcoin ad every once in awhile in my Gmail and I always block it but I just keep receiving the same email from same looking email Everytime is there a way to block it completely so they won't send me these anymore?
08-31 08:44 - 'It depends on the current fee market and how much it takes to get into the next block. At the moment you can do it for around 5 sat/B, but sometimes it's much higher that, so it depends. / You can check the following site...' by /u/NimbleBodhi removed from /r/Bitcoin within 673-683min
''' It depends on the current fee market and how much it takes to get into the next block. At the moment you can do it for around 5 sat/B, but sometimes it's much higher that, so it depends. You can check the following site to get an idea for what fees you would need to pay to get into the next block based on priority: [link]1 ''' Context Link Go1dfish undelete link unreddit undelete link Author: NimbleBodhi 1: *empoo**sp*ce/ Unknown links are censored to prevent spreading illicit content.
08-31 08:46 - 'Massively(!) overpaid, but this should get you into the next block. Keep in mind that while every new block is mined every 10 minutes on average, the actual time can vary between few seconds and an hour (though both is...' by /u/TheGreatMuffin removed from /r/Bitcoin within 681-691min
''' Massively(!) overpaid, but this should get you into the next block. Keep in mind that while every new block is mined every 10 minutes on average, the actual time can vary between few seconds and an hour (though both is unlikely), so there is some inherent variance, even with the highest fees. You can look at the current status of the mempool (= other transactions that compete with your transaction for confirmations) here: [link]1 ''' Context Link Go1dfish undelete link unreddit undelete link Author: TheGreatMuffin 1: j*che*-ho**i*ke.de/*ueue*#0,30* Unknown links are censored to prevent spreading illicit content.
08-02 11:55 - 'Bitcoin and Ethereum crash by more than 12% in 6 minutes as more than $1B of positions gets liquidated - The Block' (theblockcrypto.com) by /u/MetallyRetarded removed from /r/Bitcoin within 169-179min
How can bitcoin become a actual currency if one day mining rewards get so low that no one will want to mine new blocks anymore ?
A lot of people like Bitcoin and other crypto-currencies for trading, but if we want them to become actual currencies, it should get stabilized and offer easy payment methods. (Edit : I know Bitcoin payements are easy, but I mean, Bitcoin should become attractive enough so anyone can buy stuff with it, without having to convert it the way it’s done currently I guess) I actually would like it to stabilize around 8 or 10k. But what will happen when the mining reward will get too low and nobody will want to mine new blocks for new transactions ?
Is there a safe way to buy bitcoin with amazon gift card balance? I was thinking Coin Cola or Paxful but don’t want to get scammed. Thanks in advance! (This is not a solicitation no messages please you will be blocked) (x-post from /r/Bitcoin)
Bitcoin Mining: Do I only get paid if my miner discovers the block?
Two questions that I am struggling to find the answers to. Say I get a mining device like an Antminer S9 (just as an example). I'm trying to think through where the profit on mining comes from. I understand there are sites that will calculate the profit/loss per day for you but I like building my own financial models.
If block rewards are only given to the unit that discovers the correct block hash function then what if my S9 never correctly finds a block? Or is the block reward divided up to all units that contributed to the total hash power that solved the chain? Basically do I just base my profit off the probability of finding 6.25 blocks as a function of the hash rate of the machine I buy or will I be rewarded everyday with partial coins?
How should I account for transaction fees that are given as a part of including the transaction in the solved block? I understand these fees are variable and will change over time but I'm trying to figure out how to calculate what percentage of the fees would go to the S9 unit per day. Not sure if that is the correct way to think about it.
Any help is appreciated, thanks to this awesome community!
Block 448k reached! Syscoin Bridge #interoperability is now open to all #Ethereum Standard #ERC20 tokens! Do you want fast, low-cost micro payments, scalability, & bitcoin-compliant security, while keeping your smart contracts on #ETH mainchain? Come and get it. Info in thread👇
05-19 18:15 - 'To elaborate, with your full node wallet, you get to choose what size block chain you support. You can choose to run the full node software that follows the 1mb (BTC) chain, or the full node software that follows the 32m...' by /u/buttonstraddle removed from /r/Bitcoin within 80-90min
''' To elaborate, with your full node wallet, you get to choose what size block chain you support. You can choose to run the full node software that follows the 1mb (BTC) chain, or the full node software that follows the 32mb (BCH) chain, or the full node software that follows the 128mb (BSV) chain, or you can start your own chain at whatever blocksize you want and start mining it yourself. The point is, by using your own software, you vote with your intentions. If I refuse to accept coins from the 32mb rulechain, then that's my preference. Just the same as if I refuse to accept MS Office documents, and only plain .txt files, then I am voting for my preference. "Sorry my text editor can't read your .docx file" is the same as "Sorry my node isn't showing your txn". Its not what some web block explorer says. Its not whether some Google docs website can read your MS Office document. Its what your software can recognize, because you only trust the software that you choose to run. If enough people are like me, and want and choose the same thing, then a community/network starts to emerge. That's how this thing works. No one in control; each individual choosing. Developers are irrelevant if no one is going to choose to run that software. Yes, that means you need to have a technical understanding of the tradeoffs of both sides, so that you can make a conscious choice. You want to disrupt central banks, then you have the responsibility of educating yourself. ''' Context Link Go1dfish undelete link unreddit undelete link Author: buttonstraddle
Peter R. Rizun: "The average user can be their own bank and verify their own transactions with a SPV wallet, that requires no more data than a SMS text message package for a dumb phone in Nepal. This will always be true regardless of how big blocks get. See Section 8 of the bitcoin white paper."
"Discussion at Satoshi Roundtable this morning: Lightning will suppress tax fees. What about the Bitcoin fee market? Well, we might have to introduce a low inflation rate to Bitcoin once the block reward gets too low. "
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