★☆ Get Help Here | The Ultimate Help Thread! | Free Giveaways ★☆ - page 6.

Pkofet

sr. member

Activity: 406

Merit: 250

Quote from: devthedev on June 11, 2014, 05:33:12 PM

Quote from: Cancan on June 11, 2014, 04:49:45 PM

Quote from: devthedev on June 09, 2014, 05:31:37 PM

Let me know if that answers your question (:

It sure did

. To be honest, I knew the difference, but wanted to get this thread started. I'll just ask some stuff that I find interesting to get another opinion, so feel free to ignore my posts if other do actually need help.

Ok, next question: There are rumors that Satoshi has ~ 1 mil. BTC. How can we be sure?

We're not sure, it's an estimation. Here's block one. http://blockr.io/block/info/1. For weeks he was testing the system and basically mining alone. If you calculate 50 bitcoins every 10 minutes for the whole period, you can guess how many Bitcoins he and the other early miners have. I'll have to do some more research on the technicalities but I think it's safe to say he has held a ton. One thing we're not sure about is whether or not he still has the private keys for the addresses.

Not sure how many bitcoin satoshi has, but he has only touched 50 btc, according to https://bitcointalksearch.org/topic/satoshi-only-spent-50-btc-heres-where-those-coins-are-now-548508

icet208

hero member

Activity: 762

Merit: 500

Quote from: newIndia on June 12, 2014, 03:02:41 AM

Quote from: icet208 on June 12, 2014, 02:52:39 AM

Maybe it`s a newbie question but Where the fees from a transaction goes?

Transaction fees goes to the miner who found the block that includes the transaction.

so one block reward is 25+fees BTC ?

newIndia

legendary

Activity: 2226

Merit: 1052

Quote from: icet208 on June 12, 2014, 02:52:39 AM

Maybe it`s a newbie question but Where the fees from a transaction goes?

Transaction fees goes to the miner who found the block that includes the transaction.

icet208

hero member

Activity: 762

Merit: 500

Maybe it`s a newbie question but Where the fees from a transaction goes?

newIndia

legendary

Activity: 2226

Merit: 1052

For a mining pool owner, is it required to run his own miner, e.g. ASIC or a GPU rig, or he can operate it from laptop by setting it up in a web host, where miners will join with their mining machines ?

Parham6

member

Activity: 70

Merit: 10

Deceased

Regarding vanity addresses, do they have a higher chance of having two people finding the private key to the same address? Because the first few characters of address are the same, does this affect the private key (after encoding and hashing and all the stuff)?

devthedev

legendary

Activity: 1050

Merit: 1004

Quote from: Cancan on June 11, 2014, 04:49:45 PM

Quote from: devthedev on June 09, 2014, 05:31:37 PM

Let me know if that answers your question (:

It sure did

. To be honest, I knew the difference, but wanted to get this thread started. I'll just ask some stuff that I find interesting to get another opinion, so feel free to ignore my posts if other do actually need help.

Ok, next question: There are rumors that Satoshi has ~ 1 mil. BTC. How can we be sure?

We're not sure, it's an estimation. Here's block one. http://blockr.io/block/info/1. For weeks he was testing the system and basically mining alone. If you calculate 50 bitcoins every 10 minutes for the whole period, you can guess how many Bitcoins he and the other early miners have. I'll have to do some more research on the technicalities but I think it's safe to say he has held a ton. One thing we're not sure about is whether or not he still has the private keys for the addresses.

Cancan

newbie

Activity: 27

Merit: 0

Quote from: devthedev on June 09, 2014, 05:31:37 PM

Let me know if that answers your question (:

It sure did

. To be honest, I knew the difference, but wanted to get this thread started. I'll just ask some stuff that I find interesting to get another opinion, so feel free to ignore my posts if other do actually need help.

Ok, next question: There are rumors that Satoshi has ~ 1 mil. BTC. How can we be sure?

devthedev

legendary

Activity: 1050

Merit: 1004

Quote from: Kprawn on June 11, 2014, 01:51:50 PM

And are they legal? {In my country, they only allow the National lottery, so I would have to find out, how they regulate winnings on online sites like these}

What country do you live in?

Kprawn

legendary

Activity: 1904

Merit: 1074

Short for yet another bitcoin lottery - Name is like a linux deamon

Not well known for using great names, but it works 100%.

Acidyo

hero member

Activity: 588

Merit: 500

Will Bitcoin Rise Again to $60,000?

Quote from: Kprawn on June 11, 2014, 02:31:37 PM

Ok.. then here is a example of such a site, but I do not know if they paying or a scam site.

If I am not allowed to post the site, I would only give the name. yabtcl {This way, I am not advertizing, just asking if it's scam or real}

Just from the name it doesn't really sound like something I would trust my bitcoins with. Tongue

Kprawn

legendary

Activity: 1904

Merit: 1074

Ok.. then here is a example of such a site, but I do not know if they paying or a scam site.

If I am not allowed to post the site, I would only give the name. yabtcl {This way, I am not advertizing, just asking if it's scam or real}

Acidyo

hero member

Activity: 588

Merit: 500

Will Bitcoin Rise Again to $60,000?

Quote from: Kprawn on June 11, 2014, 01:51:50 PM

Question 3 - What bitcoin lottery sites are worth the time? Not a scam? Paying?

I have not tried any of them, and would like to have a stab at it, without burning coins on scam sites.

And are they legal? {In my country, they only allow the National lottery, so I would have to find out, how they regulate winnings on online sites like these}

Would appreciate your inputs.

I haven't heard of any popular lottery sites with bitcoin yet (which I think is sort of weird) but if you are looking for gambling sites you can check out my banner or visit the Marketplace>Gambling section and there you can find anything from dice to mines.

Kprawn

legendary

Activity: 1904

Merit: 1074

Question 3 - What bitcoin lottery sites are worth the time? Not a scam? Paying?

I have not tried any of them, and would like to have a stab at it, without burning coins on scam sites.

And are they legal? {In my country, they only allow the National lottery, so I would have to find out, how they regulate winnings on online sites like these}

Would appreciate your inputs.

DannyHamilton

legendary

Activity: 3472

Merit: 4801

Quote from: Kprawn on June 11, 2014, 01:35:42 PM

Thanks, very quick response and detailed answer.

I always, just use the "single wallet" because it's so simple.

Question 2 - What QR code reader, do you use? {Windows based} I need it for a demonstration, I am busy with. See main beginners & help thread. Still got no answer.

I don't use Windows. You'll have to wait for someone else to stop by with suggestions.

Kprawn

legendary

Activity: 1904

Merit: 1074

Thanks, very quick response and detailed answer.

I always, just use the "single wallet" because it's so simple.

Question 2 - What QR code reader, do you use? {Windows based} I need it for a demonstration, I am busy with. See main beginners & help thread. Still got no answer.

DannyHamilton

legendary

Activity: 3472

Merit: 4801

Quote from: Kprawn on June 11, 2014, 01:12:34 PM

On Bitadress.org - What is the difference between a single wallet and a paper wallet?

Real noobie question, but a lot of people is asking this on other forums.

The site, do not have a lot of online help.

A bitaddress.org "single wallet" gives you only 1 bitcoin address and its private key. It is in a plain boring black-on-white page.

A bitaddress.org "paper wallet" gives you multiple addresses and the associated private keys. They are formatted on decorative backgrounds that can be cut apart after printing. The can be generated using a passphrase protected private key.

Kprawn

legendary

Activity: 1904

Merit: 1074

On Bitadress.org - What is the difference between a single wallet and a paper wallet?

Real noobie question, but a lot of people is asking this on other forums.

The site, do not have a lot of online help.

DannyHamilton

legendary

Activity: 3472

Merit: 4801

Quote from: JohnFromWIT on June 11, 2014, 12:48:11 PM

Another vanity address question.
If it runs for a long period at once, is it more likely to find an address than if it's running for a few hours a day with restarts inbetween?

If I roll a set of 20 six sided dice continuously, am I more likely to roll all 20 sixes than if I roll them for a few hours a day taking breaks in between?

The question is the same. In both cases, the results are random. The odds of rolling 20 six sided dice and getting sixes on all of them is about the same as the odds of generating a specific 9 character string in a bitcoin address. (To get even closer to identical odds, toss a coin in with the dice. A "winning" result is one where all 20 dice land with the 6 up, and the coin lands with heads up.)

It will take longer, because you are spending less time each day trying, but it won't change the odds. If you spend only 1 hour a day running it, then it will take 24 times as long as if you just left it running continuously.

Pkofet

sr. member

Activity: 406

Merit: 250

Quote from: JohnFromWIT on June 11, 2014, 12:48:11 PM

Another vanity address question.
If it runs for a long period at once, is it more likely to find an address than if it's running for a few hours a day with restarts inbetween?

The chance should be the same, as you just keep generating new addresses randomly, until it matches your requirement.

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