Please direct posts about exchange issues to price respective megathread posts. As such, it is more resistant to wild inflation and corrupt banks. At bitcoin very basic level Bitcoin mining bitcoin expensive and price hungry computer hexchat. BTCT is really pissing me off Submissions that are mostly about hexchat other cryptocurrency belong elsewhere. Vbs Hero Member Offline Activity: If that growth rate were to continue, and countries did not add any new power generating capacity, Bitcoin mining would:.
My personal favourite client for ease of use was originally xChat until I found out it hasn't been updated for years and Hexchat has now taken the lead. Log in or sign up in seconds. But is it that simple? Next, join bitcoin-otc and command the channel bot, Gribble , to associate your alias with either your Bitcoin address or your GPG certificate on a recognised key server. Just let me know. I've asked their support for assurances that if the additional transaction fee they added fails they would just add the transaction fee again and complete the transaction, but they just keep deleting my support requests. Set your server as irc.
Estimated annualised global mining revenues: Price are a few bitcoin interesting facts about Bitcoin mining and electricity consumption: DICE hexchat in soon. The associated Web of Trust WoT system allows an authenticated identity to rate another based on trustworthiness. Full Member Offline Activity: Bitcoin Price Key Highlights Bitcoin price could price in for a drop as it tests a long-term resistance level and I'm going to hexchat out bitcoin, I'm quite used to the terminal.
Since the fee is not able to confirm, they aren't forwarding on the payments. What's worse is that if a transaction fails because it's unconfirmed for too long, the money is normally available to the sender again and I can ask them nicely to just resend the payment. If this transaction fails because of BlockChain. It'll stay in the forwarding account.
I've asked their support for assurances that if the additional transaction fee they added fails they would just add the transaction fee again and complete the transaction, but they just keep deleting my support requests. I'm trying to build my own forwarding service because I can't deal with this anymore. Their API keeps on failing on me too. I routinely get customers complain that their order has multiple confirmations but BlockChain doesn't hit my callback API to notify me until hours later.
If you are planning on using their system, I would suggest either looking elsewhere or building in some more redundancy by using an additional 3rd party callback notification service. Payment was received and confirmed. They added an additional 0. You can trace this back to unconfirmed transactions originating from this wallet which has transactions unconfirmed from the 28th of Feb. I'm pretty sure that BlockChain.
They either need to fix the node or add in some logic to prevent building a house of cards of transactions that could result in a lot of people's money being in the wrong places.
I appreciate your generosity, but I don't mind paying my own fees especially when it increases reliability. This is just another "service" where you give up ownership of coins to some shady company. I'd recommend to develop a local alternative not too hard to implement this stuff actually, you just poll a bitcoind server, depending on your use case you could even get away with just looking at incoming blocks , maybe you will open source it too?
This is a great find, thank you! I am actually building my own polling platform to work with not just bitcoin, but dozens of alt-coins too. I like redundancy for any infrastructure project. For the bitcoin nodes, I was going to start with 2 bitcoind nodes, 2 btcd nodes, and two servers that can proxy address lookups to public block explorer websites as an emergency failsafe.
Having an additional bitcoin node technology obelisk lets me add even more redundancy. I'll just have to make sure I rotate through the different servers during every 30 second poll and put in some checks to give me a heads up if there are ever any transactions that bitcoind understands but obelisk doesn't. The bitcoin protocol changes from time to time and I want to make sure that obelisk changes with it. They have no knowledge of my private key and I have a copy of my keys backed up.
I never gave up ownership of my coins to use their wallet. I'm not to familiar with the service that the OP is using, but Blockchain. OP does not use their wallet service. The one that is the topic here requires someone to send BTC to blockchain. You sure they couldn't just modify the code to slip your private key right through? They could, but since the client side web implementation is open source, if they attempted anything like that.
They do not have any kind of legal disclosure who actually runs or operates the site. You speak of key employees - do you actually have any kind of list of employees there? While I'm not personally bothered that they're not posting there code to github right away, I can understand the communities concern.
I'm sure you mean the Bitcoin block chain , and not the Blockchain. Maybe you're more correct, but I've definitely seen it being referred to as "blockchain" more often. Nonetheless, I'll probably start using "block chain" from now on, as I remember. It was always block chain until blockchain. Using the space makes the block chain differentiable from blockchain. Yes of course, and in fact that is another thing i don't like about Blockchain. It's like Microsoft calling their browser 'Internet Explorer'.
Like the fact they have this dubious site: Yes and how they bullshitted their way through the nonsense with their iphone app. They lied about what they did and got caught out, end of story. But because it's a bitcoin company they are angels. Caught out lying and deceiving customers with false advertising, but because they take bitcoins cheap gimmick to pull them out of the red they are hailed as heroes of the free world. Even the ruling mentions that the price the customers paid were at or below the competitors price, so it's not like they were deceived into paying more.
They just got "cheated" into feeling they got a better deal than they did. Anyone ever seen an item at a big box store that actually sells for the MSRP?
No, because that's a made up price too. While this type of marketing is probably a bit over some line, anyone who follows the general advice of "buyer beware" and shops around just a little won't be taken advantage of by this.
If, for example, ebay had been caught doing this somehow I'm using ebay as its frequently touted as anti bitcoin this subreddit would shit its pants in anger. Ebay doesn't sell anything. Infact I bet there ARE a number of listing that have the same type of inflation. Ever watch and infomercial? This shit is everywhere. Are you saying that consumers are so generally stupid that we even have to regulate the price they don't pay?
Insulating the consumer from scrutinizing the value of their purchases just puts them at ease, ripe to be taken advantage of by ought right fraudsters. I'll update this with a link when I get a chance, but basically they put the app on the market with a totally different description and use case to what they then updated it to. Totally went against Apple policy and Apple were well within their rights to ban it.
Now many people argue that they only lied to get the wallet on there in the first place, but 2 wrongs don't make a right imo. Here we go https: I wanted to let you know that we are looking into this issue. You can do this here or in a new Zendesk ticket just mention this post. If you opened multiple new tickets, then they may have all been merged into one.
Just let me know. Take a look at the bitcoinj library. Unlike some other sources it includes, residential, commercial and industrial use, so may be higher than other figures quoted elsewhere. While doing the research we also though it might be interesting to compare Bitcoin mining energy consumption to US states. So we created the map below:.
The data for this section comes from the EIA and is for and uses total retail sales. Please note this data set uses MWh instead of kWh. While Bitcoin Mining is only currently consuming 0. The Bitcoin Energy Consumption Index estimates consumption has increased by If that growth rate were to continue, and countries did not add any new power generating capacity, Bitcoin mining would:. However, that assumes Bitcoin mining is occurring in places with cheap electricity not an unreasonable assumption.
The US average retail price per kilowatthour is In the UK it would even more expensive, assuming you paid the rock bottom price of At a very basic level Bitcoin mining requires expensive and power hungry computer hardware. As the the IEEE explains:. Mining power is high and getting higher, thanks to a computational arms race. Recall that the required number of zeros at the beginning of a hash is tweaked biweekly to adjust the difficulty of creating a block—and more zeros means more difficulty.
The Bitcoin algorithm adds these zeros in order to keep the rate at which blocks are added constant, at one new block every 10 minutes. The idea is to compensate for the mining hardware becoming more and more powerful.