A newbie in crypto world ? Ask your question here (Totally Free) - page 2.

hkall_018

newbie

Activity: 25

Merit: 0

Quote from: SayNumo on January 04, 2018, 04:43:32 PM

Thank you for starting this!

Mostly responding to monitor the thread, but here is a fun question I'm sure lots of newbies wonder about:

If I wanted to buy bitcoin from a bitcoin ATM, how would it work? Do I need to come with my wallet address handy? Would I just walk up to it, give it cash and leave to start waiting for BTC to pop up in my wallet? Or?

Usually Bitcoin ATM's works like vending machines.. indeed you need to have your Bitcoin wallet address handy, the machine might have scan functionality so you don't have enter the address manually.. you choose how much BTC to buy (or fiat currency to spend) then you can deposit the bills into the machine (depends on the places where the ATM at there could be credit card purchase possibility)

After a while a transaction will be broadcasted and the amount will be deposited to your wallet.. take in consideration the current network delays Bitcoin network is experiencing, also investigate the the fees which the ATM provider will charge (sometimes is very hight due anonymity )

I found this website with a list of known BTC ATM's based on location: https://coinatmradar.com

bottom line Bitcoin ATM acts like online exchanges nowadays although they started way back in time

hkall_018

newbie

Activity: 25

Merit: 0

Quote from: MassaCreto on January 04, 2018, 04:39:44 PM

Hello,

I love the idea for the thread... Thumbs up!

So... now to the question: I currently own a miner that is set for LTC and am expecting a delivery (yeah, Ant Wink

) of a setup for BTC. I have no clue on what to expect of the UI (if it will be the same as the one I currently use) and where to actually set-up the machine to work. All recommendations and explanations are more than welcome...

Looking for a stable and fair pool and some guidance on configuring the S9... Wink

Kind regards,
MassaCreto

The UI for Bitmain Antminers are all the same, so for S9 once you connect it to power supply (sold separately) and connect it to your LAN.. then go to your computer, you'll need an IP scanner software to recognize the all machines on your network (including the new S9 miner) after you know the IP of the miner you can just type it on your browser and you'll be able to configure the pool and your bitcoin address.. I found this instruction video for you: https://www.youtube.com/watch?v=QNek1wjUIF4

As for choosing the pool there is not really concrete which one is best, these are you options:
1. Rent your miner on NiceHash or MiningRigRentals for fair price and predictable payment
2. Join one of the mining pools for variable daily payments however on overage it'll be predictable

you can get a sense of your income from the following calculator: https://www.cryptocompare.com/mining/calculator/btc?HashingPower=13&HashingUnit=TH%2Fs&PowerConsumption=1300&CostPerkWh=0.2

finally mining pools are different in fees (ranges from 1% to 4%) and the payout scheme (PPS, PPLNS, ...) you need to review this information before deciding to join the mining pool: below are the list of mining pools that you use your new S9 with ... happy mining

https://blockchain.info/pools

MadCryptoHedonist

newbie

Activity: 14

Merit: 0

Hi there!
I want to join the cryptoworld too!
Can someone tell me step by step on how to proceed?
I have no clue on how to start or open an account.. x/
I am mostly interested in some new icos on horizon! I dont want to miss out the presale! Tongue

Rkoshay

jr. member

Activity: 96

Merit: 3

Thanks so much for the thread! Here's my noob question. I've been trying to get on coinbase with no luck, the system says it's overloaded. The same is true for Kraken, I'm all signed up but when it comes to getting authenticated it says the system is overloaded.

I want to buy some Ethereum and some BTC, keep some and also do some trading for other altcoins but find myself locked out for now. This has been going on for over a week.

Any suggestions on a safe way to get some of those two coins and then proceed with being able to trade with them would really be appreciated.

Thanks again!

SayNumo

jr. member

Activity: 62

Merit: 3

Thank you for starting this!

Mostly responding to monitor the thread, but here is a fun question I'm sure lots of newbies wonder about:

If I wanted to buy bitcoin from a bitcoin ATM, how would it work? Do I need to come with my wallet address handy? Would I just walk up to it, give it cash and leave to start waiting for BTC to pop up in my wallet? Or?

MassaCreto

copper member

Activity: 1

Merit: 0

Hello,

I love the idea for the thread... Thumbs up!

So... now to the question: I currently own a miner that is set for LTC and am expecting a delivery (yeah, Ant Wink

) of a setup for BTC. I have no clue on what to expect of the UI (if it will be the same as the one I currently use) and where to actually set-up the machine to work. All recommendations and explanations are more than welcome...

Looking for a stable and fair pool and some guidance on configuring the S9... Wink

Kind regards,
MassaCreto

hkall_018

newbie

Activity: 25

Merit: 0

Quote from: Ciscopro2000 on January 04, 2018, 03:46:22 PM

Cool thread!

Newbie question: What is the preferred exchange right now to buy/sell crypto currencies? I?m looking for most secure and lowest fees. Example, I want to buy Ripple. Thank you.

Hi, you can find a list Exchanges from which you can sell/buy ripple here: https://ripple.com/xrp/buy-xrp/

I'm not really into crypto trading but out of the list in the link above, kraken is quite reputable amongst crypto forums and news sites

What I can help with is to research major coin exchanges and make a comparison in terms of fees and security measures .. I'll let you know once its ready

Ciscopro2000

member

Activity: 494

Merit: 10

Cool thread!

Newbie question: What is the preferred exchange right now to buy/sell crypto currencies? I’m looking for most secure and lowest fees. Example, I want to buy Ripple. Thank you.

hkall_018

newbie

Activity: 25

Merit: 0

A Crypto Enthusiast who'd love to help

Hi All, I've come across BTC and Crypto currency world very recently I consider myself a newbie too. However, over the past year I've learned a lot about Blockchain, Cryptocurrency, Mining, ... and I'm still educating myself everyday. I'm more than glad to share my knowledge with you, just ask your questions and I'll gladly answer it or even research the answer if I don't have it at hand .. This is my way of giving back to the community. Its totally free of charge, you don't have to pay anything to get an answer to your question, and donating doesn't prioritize questions.

You can also Join my Telegram channel to ask and interact with me here

Donations are welcome to support the cause and not mandatory
BTC: 12BkTbnMt9VG8TEhqWbfGFsA2DT4frvSCY
ETH: 0x1F145FCA3EDb1728512611A31A933baA5B7Fb13f
LTC: LcAf3dsqtWAMB4JJBHs7gEQgTY3TLW2Peb
Dash: XhDizuphWjfY2R9z2ck88EuDPuaCf4UTxe

Topic: A newbie in crypto world ? Ask your question here (Totally Free) - page 2. (Read 355 times)