BTCUSD — Bitcoin Chart und Kurs — TradingView

Current Bitcoin Value Exchange BTC To USD

With regards to getting or sending cash worldwide, paypal buy bitcoin is one of the quickest and most secure nearby installment administrations on the planet. Regardless of what kind of business you do on the web, Payoneer's worldwide installment administration makes it simple for you to get paid in all significant sorts of monetary forms.
This installment administration permits you to get installments from global organizations enabling them to make a nearby bank move without any problem. Payoneer's Global Payment Service requires an appropriate record enlistment measure with your preferred bank, to get paid for any nearby or worldwide online work.
Payoneer's worldwide installment administration makes it simple for you to make global virtual ledgers in various nations with your monetary standards, to effectively get cash from any of the worldwide organizations on the web or different pieces of the world. It gives an elective technique to pay individuals legitimately without including any outsider. You can undoubtedly send or get your installment around the world.
Similarly, as though you need to move your installments from Japan to Pakistan, you just need to give the financial balance subtleties to the particular area you are in to get the sum. A Payoneer installment record can work in two different ways, one with a worldwide installment administration and the second is to demand an installment strategy. With regards to contemplating a bookkeeping technique for an installment move, the primary most significant need that individuals ought to consider is the most secure of all, and Payoneer's installment administration ends up being one of the most secure installment administrations. You can likewise utilize Payoneer to exchange your Bitcoins. It additionally permits you to sell, exchange, or purchase digital currencies. Bitcoincashout offers the most noteworthy potential rates for Bitcoin and you likewise have the alternative to pick Payoneer as your getting account.
When your card is stacked, you will get your installments inside two hours or under two hours. You would then be able to pull back the sum through an ATM. Notwithstanding, you can apply the two strategies to get paid for any sort of work from different worldwide organizations or different spots on the planet. It is one of the quickest and least demanding exchanges. Many trade destinations permit clients to exchange or trade their computerized cash, Bitcoins, utilizing a btc to usd calc . It is dependable and secure. You can follow your exchanges with certainty.
submitted by zarihzhaider to u/zarihzhaider [link] [comments]

10-03 23:35 - 'How do I calculate the entry position for BNB/BTC deal?' (self.Bitcoin) by /u/dev_lurve removed from /r/Bitcoin within 27-37min

'''
I know that this questions might not directly relate to Bitcoin, but I am just looking for reddits where I can get help wrt to such questions.
Hi guys,
  1. I trade on Binance.
  2. My account currency is BUDS (just want to have the USD-pegged stablecoin as the account currency). I assume that it's always pegged to $1...
  3. My account amount is $1000.
  4. I want to sell BNB/BTC because I believe that the chart is going to go down.
  5. My SL is at 0.0026700, and my entry is at 0.0026340. I want to enter on the spot market. Thus, the SL BTC-wise is 0.0000360.
  6. I want to have the 1% risk exposure to my account (i.e. the exposure for -$10).
  7. (and just fyi I plan to exit at TP = SLx2; and just fyi, I use the mental SL and TP)
  8. How to I calc the actual amount for my order. As far as I understand, I need to first convert the BTC-wise SL distance from BTC to USD, right? I.e. 0.0000360 BTC x 10500 $ = 0.4$. So, I got this part, but I am not getting what my next steps should be.
Thanks for your advice in advance!
'''
How do I calculate the entry position for BNB/BTC deal?
Go1dfish undelete link
unreddit undelete link
Author: dev_lurve
submitted by removalbot to removalbot [link] [comments]

TRUE historical data on yearly lows (correcting repetitive historical false information spread on reddit and twitter)

Recently, wrong historical data on the alleged Bitcoin yearly lows could be repetitively read in ill-researched or "blindly copy-pasted" posts and tweets, e.g. falsely claiming a yearly low for 2013 of $65, where $13 is the correct value (wrong by a factor of 5)!
Here is the correct data:
TRUE yearly lows (first historically recorded trade occurred at MtGox exchange on 17th July 2010; bitstamp exchange started operation on 13 Sep 2011*):
*not included: Bitcoin prices of around $0.003 on Bitcoin USD markets recorded since 25th April 2010, consistent with famous two Bitcoin pizzas from 22nd May 2010 worth $30 for 10,000 BTC.
Yearly absolute lows (just omitting obvious implausible data flaws) - not recommended because short outliers of very low trade volumes can bias the view of the real market situation:
Yearly lows of daily weighted averages - more useful because short outliers with very low volumes are not biasing the statistics:
  • 2010: $0.05 (MtGox, 17th & 24th & 25th & 26th July)
  • 2011: $0.29 (MtGox, 4th January)
  • 2011: $2.24 (bitstamp, 21st October)
  • 2012: $4.33 (bitstamp, 19th February)
  • 2013: $13.01 (bitstamp, 1st January)
  • 2014: $305.81 (bitstamp, 5th October)
  • 2015: $189.84 (bitstamp, 14th January)
  • 2016: $370.21 (bitstamp, 3rd February)
  • 2017: $783.46 (bitstamp, 12th January)
  • 2018: $3171.72 (bitstamp, 15th December)
  • 2019: $3365.06 (bitstamp, 7th February)
  • 2020: <= $7030.21 (bitstamp, 2nd January)
Change rates:
  • 2011: x 5.8 (+480%)
  • 2012: x 14.9 (+1390%)
  • 2013: x 3.0 (+200%)
  • 2014: x 23.5 (+2250%)
  • 2015: x 0.6 (-40%)
  • 2016: x 2.0 (+100%)
  • 2017: x 2.1 (+110%)
  • 2018: x 4.0 (+300%)
  • 2019: x 1.1 (+10%)
  • 2020: <= x 2.1 (<= +110%)
How to do this yourself:
Example for 2013:
https://bitcoincharts.com/charts/bitstampUSD#rg60zczsg2013-01-01zeg2013-12-31ztgSzm1g10zm2g25zv
Click on "Load raw data" below the chart, copy-paste to spreadsheet like Libre Calc or MS Excel or Google documents, apply "min" function on the column of daily lows or daily weighted averages.
For year 2013 on bitstamp, the yearly low was reached on 1st January 2013: - Daily absolute low = $12.77 - Daily weighted average = $13.01
submitted by Amichateur to Bitcoin [link] [comments]

Potential BTC value on today's buying power (math experiment)

Today, i want to do a little math to calculate where we are in the crypto space (based on bitcoin).

There are 43 million wallets.
Source: https://www.blockchain.com/charts/my-wallet-n-users?timespan=all

Some people will have multiple wallets, but on the other side, some people will have no own wallet (*).
(*) coins on exchange combi wallets.

Coinbase has 30 million users (maybe a few more now).
Source: https://cointelegraph.com/news/coinbase-added-8-million-new-users-in-the-past-year

Binance has round about 14 million users (maybe a few more now).
Source: https://www.youtube.com/watch?v=kFjE-KYbXU8 (start at minute 25)

Many users use multiple exchanges! I did not found any exchange with more than 30 million users.
( if you know one, please tell us and include a source link )

On the world live now 7,75 billion people!
Source: https://de.wikipedia.org/wiki/Weltbev%C3%B6lkerung (german)

35% of the people are older than 64 years or younger than 15 years.
Source: https://de.statista.com/statistik/daten/studie/71063/umfrage/weltbevoelkerung-nach-alter-und-regionen/ (german)

This leads to 65% potential users, which would be at round about 5 billion people.
Now we must accept, no system will be used by "all" potential people...
Let´s calc only with 20% of the 65% potential of all the people on planet earth!

Now we get a good round 1 billion!
Now we just say, each wallet is one single user (as i said many users own multiple wallets, many users own none wallet).

( based on this calculation )
___43,000,000 BTC users exists today!
1,000,000,000 BTC users are possible in the future!

After all BTC are mined, each BTC user could own only 0.021 BTC (average)

Today's wealth average per person is at (independent from who you live, just world average!)
70,849 USD ... but only 7,087 USD (median) ... so, let´s use the lower value.
Source: https://de.wikipedia.org/wiki/Liste_der_L%C3%A4nder_nach_Verm%C3%B6gen_pro_Kopf (german)

If 0.021 BTC represents 7,087 USD...
This leads us to a potential BTC value of
337,476 USD (at todays buying power)
3 million, if we use the average wealth and not the median but no person would put all there wealth in bitcoin, so the median value should be better for this calculation.

This doesn't mean prices like 1 million / BTC is not possible.
It is! And based on todays buying power, not only through inflation.
Why?
We will see more bubble phases, which get BTC to absurd values!

The point is - even if BTC "only" reach roundabout 340,000 USD at today's buying power, this is huge!
So go on and stack sats - but this is not a financial advice - only my thoughts

Please share your opinion and thanks for your attention.
submitted by InvestWise89 to Bitcoin [link] [comments]

A simple yet profitable approach to building crypto currency portfolios.

I have been trading crypto currencies for about 5 years now and I have only found 1 strategy that reliably generates returns with minimal day trading efforts. That strategy is simply stated as "Hodling the market cap weighted cryptfolio." When everyone else is running around with their hair on fire because they can't call tops and bottoms (hint: nobody can and nobody makes money reliably attempting to do so), I'm sitting there watching liquidity flow from one component of my portfolio to another. When that flow drives my portfolio weights out by a sufficiently significant threshold (defined by execution costs, tax implications, etc), then I rebalance. The tool I use to rebalance is a simple node.js script with no external library dependencies. It uses coinmarketcap.com assets and circulating supplies to calculate weights and prints them to the console.
https://github.com/cellularatomaton/cryptfolio
Before you reply with your TA strategy that netted you 1000x over the last year in hindsight without any real understanding of how back-testing actually works, please save yourself the embarrassment. I have over 10 years of experience as a financial engineer and quantitative trader in private capital, market making, and dealing, in the Commodities, FX, IR, and Crypto markets (spot, physical, futures and options). I have managed trading systems spanning all classes of strategy including arb, stat arb, event, flow, microstructure, machine learning, bayesian methods, and the list goes on. With a hundred or so traders and engineers highly capitalized and incentivized to produce profitable results, the TA class of strategies has always been the easiest to throw out given sufficient computational resources. At any rate let's not waste any time arguing about the merits of TA, it is a waste of our time until you have done the due diligence to demonstrate statistical significance of excess returns.
On the other hand, in crypto land the market cap weighted portfolio is reliably stable, while also sitting somewhere very near the efficient frontier. And it is simple to calculate (you can easily do it in a spreadsheet if you don't like or trust my script). Since I started hodling this portfolio a few years back, I have seen around 40x return and reduced the volatility of my portfolio by about half. The only time I really have to touch the weights is right after big moves, so I never need to predict anything ;-). At any rate, take it or leave it, just my 10 Sat.
Edit: If you ever want to use this script and post the output to Reddit, you can invoke it like:
node calc-weights.js 10 50000 markdown 
Which will give you the top 10 market cap weights for a $50k portfolio and format as markdown so that it shows up in a table like this (for market values on 2017-11-10 8:59pm):
Coin Weight USD Position
Bitcoin 63.05% $31522.60 4.66 BTC
Ethereum 16.14% $8069.08 26.71 ETH
Bitcoin Cash 9.24% $4617.88 4.69 BCH
Ripple 4.49% $2243.02 10760.49 XRP
Litecoin 1.82% $909.66 15.02 LTC
Dash 1.44% $721.03 2.15 DASH
NEO 1.06% $530.99 18.15 NEO
NEM 1.02% $508.64 2513.38 XEM
Monero 0.93% $466.37 4.28 XMR
Ethereum Classic 0.82% $410.71 27.18 ETC
submitted by CellularAtomaton to CryptoCurrency [link] [comments]

What is dev team going do about Dogecoin's dangerously low hashrate?

First of all, let me apologize in advance if anything I say offends people or if I am not very nice. I am stating my opinions and don't like to sugar coat things. So it might be a bit jarring when compared to typical shibes you see around here. :)
The last time I talked to the Dogecoin dev team, they were still trying to figure out what they wanted to do. And Jackson said that he would wait for 2 more halvings before considering merged mining. Well it's been 2 halvings, and the Dogecoin hashrate has behaved pretty much as I expected: LTC/DOGE hashrate comparison
When I did my merged mining AMA, the dogecoin hashrate was about 1/2 of litecoin's hashrate. Today, the hashrate is 1/15 of litecoin's. Pretty much all the ASIC hashrate went to Litecoin, which I warned would happen. The Dogecoin's network security is in danger of being attacked. The top 3 Litecoin pools can easily pull off a 51% attack on the Dogecoin network. In a few weeks, the top 6 Litecoin pools can easily do it.
A Scrypt ASIC farm can decide that it wants to have some fun. The Dogecoin network hashrate is about 45 ghash/s. So as an example, a 50 ghash/s farm can easily 51% it. Here's the earning ability of 50 ghash/s: litecoin mining calculator. It makes about $20500 per day. Let's say it takes about 30 minutes to pull off this attack... that's 30 Dogecoin confirmations. The attacker loses about $430 if he stops mining Litecoin for an hour. They could try to attack one of the top Dogecoin exchanges and try to steal 0.7 bitcoins to make it worth their time. Or they can double spend a lifetime subscription to Hustler.com, which is worth about $500. Or maybe they just don't like Dogecoin. And it only costs them $430! Dogecoin's network security is worth only $430.
So what can you do? Honestly, I'm not sure merged mining is a viable option anymore, as it is becoming less and less viable with each passing day. Merged mining was the best option in April, when I first proposed it. At that time, if merged mining was implemented, almost every single Litecoin and Dogecoin pool will switch to do merged mining right away, because adding merged mining of Dogecoin would increase their mining output by 50%! Today, adding merged mining will only increase earnings by 6%. It's hard to say how many pools will switch. Some might think it's not worth their time. So it would take a big PR push to make this work.
You're now left with a hard choice:
I think the dev team needs to do something soon.
submitted by coblee to dogecoin [link] [comments]

05-30 08:44 - 'Bitcoin Cryptocurrency FIFO Gain Calculator' (self.Bitcoin) by /u/pksoni removed from /r/Bitcoin within 137-147min

'''
[[link]2
Spreadsheet is ready to calculate FIFO Profits up to 2000 transactions, which can easily be extended further by dragging the formulas as per your requirement.
You will just have to put Transaction Type (buy or sale), Date Transaction, Bitcoin Quantity and Price. Sheet will display important data for every row:
You can purchase this tool from Eloquens.com marketplace for USD $10 only. LIFO (Last in First Out) and Google Sheet versions are also available.
FIFO Profit Excel Calculator: [link]3
LIFO (Last In First Out) Profit Excel Calculator: [link]4
**You can purchase it for Bitcoin or other cryptocurrency from [link]5
Please let me know if you have any question or suggestion to improve this template.
'''
Bitcoin Cryptocurrency FIFO Gain Calculator
Go1dfish undelete link
unreddit undelete link
Author: pksoni
1: *ww.*outu*e.c*m/*a*ch?v=pQ8Zz**6S*c 2: www*yo*tub*.com/watch*v=*Q8Z*P*6S**]^^* 3: w*w.eloq**n**co*/t*ol*3MdI*v*engin*e**n*/cr*ptocurren*y-*x*el-templ*tes/bi*co*n***ypto**rrenc*-fifo*Profit-calc*lat**-for-t*xation 4: w*w**loq*e***com*tool/3B4**y9X/e*gi*e*ring*cr*pto*urrency-ex*el-*e*plat*s/bitcoin-*ryp**c**r**cy-lifo**ast-i*-first*out-*ro*it*calcu*a*or**or-taxation 5: www.fifocalculator.com**
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

05-30 08:44 - 'Simple Excel Calculator to Track your Bitcoin Trading Profits using FIFO' (self.Bitcoin) by /u/pksoni removed from /r/Bitcoin within 195-205min

'''
Spreadsheet is ready to calculate FIFO Profits up to 2000 transactions, which can easily be extended further by dragging the formulas as per your requirement.
[Bitcoin Cryptocurrency FIFO Gain Excel Calculator]1
You will just have to put Transaction Type (buy or sale), Date Transaction, Bitcoin Quantity and Price. Sheet will display important data for every row:
You can purchase this tool from Eloquens.com marketplace for USD $10 only. LIFO (Last in First Out) and Google Sheet versions are also available.
FIFO Profit Excel Calculator: [[link]5
LIFO (Last In First Out) Profit Excel Calculator: [[link]6
You can purchase it for Bitcoin or other cryptocurrency from [**[link]7
'''
Simple Excel Calculator to Track your Bitcoin Trading Profits using FIFO
Go1dfish undelete link
unreddit undelete link
Author: pksoni
1: r*d**t.com/link/b*pal9/vi*eo/t0*d*vnz*a13*/p***er 2: www**loqu*ns.*om/*ool/3MdIA*/e*gin*eri*g/***pto*urrency-ex*el-templa*es/bi*coin-*rypto*urre**y-f**o-*r***t-***cula**r-for-taxatio* 3: www.*lo*uens.com/**ol/3B4lfy*X*eng***ering**ryptocu*re**y-excel-templat*s/bi*coin**r**to*ur**ncy*l**o-last**n-f*rst-out*Pr*f*t-calc*la*o*-fo*-taxa*io* 4: w*w.fifocalc***tor**om 5: w*w.eloquens*co***ool/3MdI*v/engi*eering*c*ypt*cur**n**-excel-t*m**ates/bitco*n***y*t*cu**en*y-fifo-**ofi*-c**cu**tor-for-taxat*on]^^2 6: ww*.el*quens.com/tool/3B4lfy9X/*ngin*er*n*/**yp*ocu*r*n****xcel**e*plates/bitcoin*c*yp*ocur*ency-l*fo-*ast-*n-first-out*Pr*fit-**l**l*t*r-f*r**axation*^*3 7: www.fifocalculator.com**]^^4
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

I've been working on a bot for crypto subs like /r/bitcoin for a few days now. Say hello to crypto_bot!

Hey guys, I've been working on crypto_bot for some time now. It provides a bunch of features that I hope will enhance your experience on /bitcoin (and any other subreddit). You can call it by mentioning it in a comment. I started working on this a few days ago. I'm constantly adding new features and will update this post when I do, but if you're interested I'll post all updates and some tips at /crypto_bot. Please either comment here, message me, or post there if you'd like to report a bug, request a feature, or offer feedback. There's also one hidden command :)
You can call multiple commands in one comment. Here's a description of the commands you can use:

Market Data:

crypto_bot 
Responds with the USD price of one bitcoin from an average of six of the top bitcoin exchanges (BTC-E, Bitstamp, Bitfinex, Coinbase, Kraken, Cryptsy).
crypto_bot ticker 
Responds with the USD price of one bitcoin at seven exchanges (all of the ones listed above, plus LocalBitcoins). Also lists the average at the bottom.
crypto_bot [exchange] 
Responds with the USD price of one bitcoin from [exchange] (any of the seven listed above).
crypto_bot [litecoin|ltc|dogecoin|doge] 
Responds with the USD price of one litecoin, or the price of 1 doge and 1,000 doge.
crypto_bot litecoin|ltc [exchange] 
Responds with the USD price of one litecoin from BTC-E, Bitfinex, Kraken, or Cryptsy.
crypto_bot [currency] 
Responds with the price of one bitcoin in the specified currency. Available currencies (symbols): JPY, CNY, SGD, HKD, CAD, NZD, AUD, CLP, GBP, DKK, SEK, ISK, CHF, BRL, EUR, RUB, PLN, THB, KRW, TWD.

Information:

crypto_bot [about|info] [arg] 
Responds with a short description about [arg], as well as a link to an external site (Wikipedia, bitcoin.it, and some others) for more information. You can list multiple arguments and get a description for each. Available arguments: bitcoin, block chain, transaction, address, genesis, satoshi, mining, confirmation, coinbase, gox, cold wallet, hot wallet.
crypto_bot legal 
Responds with a chart about the legality of bitcoin in 40 countries, copied straight from Wikipedia.
crypto_bot [explain transaction delay|explain tx delay] 
Responds with an explanation of why transactions may take longer to confirm (the bot specifically discusses spam-transaction attacks in this command).

Network information/tools:

crypto_bot difficulty 
Responds with the current difficulty of the bitcoin network.
crypto_bot [height|number of blocks] 
Responds with the current height of the block chain.
crypto_bot retarget 
Responds with what block the difficulty will recalculate at, as well as how many blocks until the network reaches that block.
crypto_bot [unconfirmed transactions|unconfirmed tx] 
Responds with the current number of unconfirmed transactions.
crypto_bot [new address|generate address] 
Responds with a newly-generated public and private key. This is mainly to provide an explanation of what both look like, and contains a clear warning to not use or send bitcoins to the address.
crypto_bot blockinfo [height] 
Responds with information about block #[height], including its hash, time discovered, and number of transactions.
crypto_bot [address] 
Responds with information about [address], including its balance and number of transactions.
crypto_bot [transaction_id] 
Responds with information about [transaction_id], including what block it was included in, its size, and its inputs and outputs.

Calculators:

crypto_bot calc <# miningspeed> [#][w] [#][kwh] [#][difficulty] [hc$#] [$#] [#%] 
Responds with calculations and information about how a miner would do with the above data (mining calculator). The only required field is mining speed. Order of the arguments does not matter. Everything other than hashrate defaults to the following if not given: w (watts): 0, kwh ($kilowatt cost/hour): 0, difficulty: current network difficulty, hc$ (hardware cost): $0, $: current bitcoin price in usd (according to Coinbase), % (pool fee): 0. The calculator does not account for nor allow for input of the increase/decrease of difficulty over time, though I may add this feature soon. Working hashing speeds: h/s, kh/s, mh/s, gh/s, th/s, ph/s.
Example usage: "crypto_bot calc 30th/s 10w .12kwh hc$55 1.5%" (to make it easier to remember, th/s can also be inputted as ths). This calls the bot with a hashrate of 30 th/s, electricity usage of 10w, a cost of $.12 kWh, a hardware cost of $55, and a pool fee of 1.5%.
crypto_bot number of btc <$amount to convert> [bp$bitcoin price] 
Responds with the number of bitcoins you could buy with <$amount to convert>. If the comment specifies a [bp$bitcoin price], it calculates it with that exchange rate. Otherwise, it uses the rate from Coinbase.
Example usage: "crypto_bot $419.29 bp$180.32" This calculates how many bitcoins you can buy if you have $419.29 and the bitcoin exchange rate is $180.32.

Broadcasting

SignMessage! "" 
Signs a message in the bitcoin block chain in a transaction using OP_RETURN. The message must be less than 40 characters.
Example usage: "SignMessage! "Post messages in the block chain!""
I hope you find this bot useful! Again, if you have any questions or comments, please either comment on this post, message me, or post on /crypto_bot.
Update 1 (June 24, 2015, 17:35): The bot now responds with information if you post a link to a block, transaction, or address on Blockchain.info in a comment, even if you don't call it. For example, if I wrote "https://blockchain.info/block/0000000000000000126448be07fb1f82af19fbbf07dd7e07ebcd08d42c2660cb" in a comment, it would respond with information about block #362,377.
Update 2 (July 10, 2015, 1:59): The bot now has two additional commands: "unconfirmed transactions" (or "unconfirmed tx") and "explain transaction delay" (or "explain tx delay"). The first command responds with the number of unconfirmed transactions, and the second explains why transactions might take extra time to confirm.
Update 3 (August 24, 2015, 1:34): The bot now responds in a better way than before when transaction ids or addresses are posted. Before, it only responded when the transaction id or address was used in a link to Blockchain.info. Now the bot will respond whenever a transaction id or address is posted at all; a link to Blockchain.info is no longer necessary.
Update 4 (August 27, 2015, 3:00): The bot can now sign messages in the Bitcoin block chain using OP_RETURN.
submitted by busterroni to Bitcoin [link] [comments]

The ₿ Store for RotMG

Store is still being updated. More bundles will be added soon

⚠ This store only accepts Bitcoin payments

All items are delivered on mules

Skins

⇣ Skin Bundles ⏤ Stock Price in USD. BTC calc Here
8x Slime Archer Skin $3.00
8x Slime Knight Skin $3.00
8x Slime Priest Skin $3.00
8x Slime Ninja Skin $3.00
8x Slime Wizard Skin $3.00
8x Slime Sorcerer Skin $3.00
8x Slime Trickster Skin $3.00
8x Slime Mystic Skin $3.00
8x Slime Huntress Skin $3.00
8x Slime Necromancer Skin $3.00
8x Slime Assassin Skin $3.00
8x Slime Paladin Skin $3.00
8x Slime Rogue Skin $3.00
8x Slime Warrior Skin $3.00
8x Puppet Master Skin $3.00
8x Jester Skin $3.00
8x Infected Skin $3.00
8x Slime Samurai Skin $3.00
8x Brigand Skin $4.00
8x Agent Skin $4.00
8x Bashing Bride Skin $4.00
8x Eligible Bachelor Skin $4.00
8x Nun Skin $4.00
8x Witch Doctor Skin $4.00
8x Shoveguy Skin $4.00
8x Scarlett Skin $4.00
8x Deadly Vixen Skin $4.00
8x Stanley The Spring Bunny Skin $4.00
8x Nexus No Miko Skin $4.00
8x Drow Trickster Skin $4.00
8x B.B. Wolf Skin $4.00
8x Lil' Red Skin $4.00
8x Holy Avenger Skin $4.00
8x Ranger Skin $4.00
8x King Knifeula Skin $4.00
8x Witch Skin $4.00
8x Platinum Knight Skin $4.00
8x Platinum Warrior Skin $4.00
8x Platinum Rogue Skin $4.00
8x Ghost Huntress Skin $4.00
8x Skeleton Skin $4.00
8x Huntsman Skin $4.00
8x Demon Spawn Skin $4.00
8x Hunchback Skin $4.00
8x Vampiress Skin $4.00
8x Frankensteins Monster Skin $4.00
8x Jack the Ripper Skin $4.00
8x Death Skin $4.00
8x Avatar Skin $4.00
8x Zombie Nurse Skin $4.00
8x Ascended Sorcerer Skin $4.00
8x Mischievous Imp Skin $4.00
8x Vampire Hunter Skin $4.00
8x Poltergeist Skin $4.00
8x Dark Elf Huntress Skin $4.00
8x Santa Skin $4.00
8x Little Helper Skin $4.00
8x Iceman Skin $4.00
Skin Collector, Archer $2.40
Skin Collector, Rogue $3.00
Skin Collector, Wizard $2.40
Skin Collector, Priest $1.80
Skin Collector, Warrior $3.60
Skin Collector, Knight $2.40
Skin Collector, Paladin $2.40
Skin Collector, Assassin $3.00
Skin Collector, Necromancer $1.80
Skin Collector, Huntress $3.60
Skin Collector, Mystic $1.80
Skin Collector, Trickster $3.60
Skin Collector, Sorcerer $2.40
Skin Collector, Ninja $1.20

Pet eggs

⇣ Pet Egg Bundles ⏤ Stock Price in USD. BTC calc Here
8x Common Humanoid $1.60
8x Common Aquatic $0.96
8x Common Automaton $0.96
8x Common Avian $0.96
8x Common Canine $0.96
8x Common Exotic $0.96
8x Common Farm $0.96
8x Common Feline $0.96
8x Common Insect $0.96
8x Common Penguin $0.96
8x Common Reptile $0.96
8x Common Spooky $0.96
8x Common Woodland $0.96
8x Common ? ? ? ? $0.96
8x Common Mystery $0.96
Vouches ⏤ 230
Most recent vouch thread:
https://old.reddit.com/rotmgvouches/comments/a008lk/ufearey_vouch_thread/
Older vouch threads:
https://www.reddit.com/rotmgvouches/comments/8ftn68/ufearey_vouch_thread/ https://www.reddit.com/rotmgvouches/comments/65jlk1/ufearey_vouch_thread/ https://www.reddit.com/rotmgvouches/comments/57qss9/ufearey_vouch_thread/ https://www.reddit.com/rotmgvouches/comments/4ff2b2/feareys_vouch_thread/ https://www.reddit.com/rotmgvouches/comments/76efxx/ufearey_vouch_thread/
Only responding to inquires through my Discord Ant#6460.
If this is your first time doing business with me, have me message you through Reddit to confirm my identity, to avoid being scammed by an imposter.
submitted by Fearey to RotmgRWT [link] [comments]

Price Action

Looking at WhatToMine I guess it makes sense. https://whattomine.com/coins/161-sc-blake-2b?utf8=%E2%9C%93&hr=815.0&p=1200.0&fee=3.0&cost=0.13&hcost=1300.0&commit=Calculate
Power cost per month / coins generated per month on an A3 makes the intrinsic value about .0022 USD. Anyone mining this on ASICs probably sees anything over .0022 as profit so they sell.
I’ve bought and I hold. I’ll probably buy more if this dip continues. But I won’t be surprised if my held position goes down significantly more. At some point the current generation of ASICs will stop being profitable (when more of the same generation of ASICs come online or as sellers continue to book profits). Then the price should find some intrinsic support. ...until the next generation.
Time. It will take time is all. Same calc for a bitcoin ASIC shows intrinsic value of around 9k. So at the very least the coin is a store of the value of the power cost to generate it. I think...
submitted by SkipBit to siatrader [link] [comments]

New people please read this. [upvote for visibility please]

I am seeing too many new people come and and getting confused. Litecoin wiki isn't the greatest when it comes to summing up things so I will try to do things as best as I can. I will attempt to explain from what I have learned and answer some questions. Hopefully people smarter than me will also chime in. I will keep this post updated as much as I can.
Preface
Litecoin is a type to electronic currency. It is just like Bitcoin but it there are differences. Difference explained here.
If you are starting to mine now chances are that you have missed the Bitcoin mining train. If you really want your time and processing power to not go to waste you should mine LTC because the access to BTC from there is much easier.
Mining. What is it?
Let's get this straight. When making any financial commitment to this be prepared to do it with "throw away" money. Mining is all about the hashrate and is measured in KH/s (KiloHash/sec). Unlike the powerful ASICs (Application Specific Integrated Circuit) that are used to mine bitcoins using hashrates in the GH/s and even TH/s, litecoin mining has only been able to achieve at the very best MH/s. I think the highest I've seen is 130 MH/s so far. Which leads us to our next section.
Mining Hardware
While CPU mining is still a thing it is not as powerful as GPU mining. Your laptop might be able to get 1 a month. However, I encourage you to consult this list first. List of hardware comparison You will find the highest of processors can maybe pull 100 KH/s and if we put this into a litecoin mining calculator it doesn't give us much.
Another reason why you don't want to mine with your CPU is pretty simple. You are going to destroy it.
So this leaves us with GPUs. Over the past few months (and years) the HD 7950 has been the favourite because it drains less power and has a pretty good hashrate. But recently the introduction of the R9 290 (not the x) has changed the game a bit. People are getting 850 KH/s - 900 KH/s with that card. It's crazy.
Should I mine?
Honestly given the current difficulty you can make a solid rig for about $1100 with a hashrate of 1700 KH/s which would give you your investment back in about a month and a half. I am sure people out there can create something for much cheaper. Here is a good example of a setup as suggested by dystopiats
PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU AMD Sempron 145 2.8GHz Single-Core Processor $36.01 @ Amazon
Motherboard ASRock 970 EXTREME4 ATX AM3+ Motherboard $99.48 @ OutletPC
Memory Crucial Ballistix Tactical Tracer 4GB (1 x 4GB) DDR3-1866 Memory $59.99 @ Newegg
Video Card Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) $245.38 @ Newegg
Video Card Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) $245.38 @ Newegg
Video Card Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) $245.38 @ Newegg
Power Supply SeaSonic Platinum 860W 80+ Platinum Certified Fully-Modular ATX Power Supply $146.98 @ SuperBiiz
Total
Prices include shipping, taxes, and discounts when available. $1078.60
Generated by PCPartPicker 2013-11-29 00:52 EST-0500
Estimated Hashrate (with GPU overclocking) : 1900 KH/s
Hardware Fundamentals
CPU - Do you need a powerful CPU? No but make sure it is a decent one. AMD CPUs are cheap to buy right now with tons of power. Feel free to use a Sempron or Celeron depending on what Motherboard you go with.
RAM - Try to get at least 4 GB so as to not run into any trouble. Memory is cheap these days. I am saying 4 GB only because of Windoze. If you are plan to run this on Linux you can even get away with less memory.
HDD Any good ol 7200 RPM hard drive will do. Make sure it is appropriate. No point in buying a 1TB hard drive. Since, this is a newbie's guide I assumed most won't know how to run linux, but incase you do you can get a USB flash drive and run linux from it thus removing the need for hard drive all toghether. (thanks dystopiats)
GPU - Consult the list of hardware of hardware I posted above. Make sure you consider the KH/s/W ratio. To me the 290 is the best option but you can skimp down to 7950 if you like.
PSU - THIS IS BLOODY IMPORTANT. Most modern GPUs are power hungry so please make sure you are well within the limits of your power consumption.
MOTHERBOARD - Ok, so a pretty popular board right now is Gigabyte GA-990FXA-UD3 and the ASRock 970 Extreme4. Some people are even going for Gigabyte GA-990FXA-UD5 and even the mighty Gigabyte GA-990FXA-UD7 because it has more PCI-E slots. 6 to be exact. However you may not need that much. With risers you can get more shoved into less.
PCI-E RISERS - These are called risers. They come in x16 to x16 and x1 to x16 connections. Here is the general rule of thumb. This is very important. Always get a POWERED riser otherwise you will burn a hole in your MoBo. A powered rise as a molex connector so that additional power from PSU can be supplied.
When it comes to hardware I've provided the most basic knowledge you need. Also, take a look at cryptobader's website. This is very helpful. Please visit the mining section of Litecoin Forums and the litecoinmining subreddit for more indepth info.
Mining Software
Now that you have assembled your hardware now you need to get into a pool. But before you do that you need a mining software. There are many different ones but the one that is most popular is cgminer. Download it and make sure you read the README. It is a very robust piece of software. Please read this if you want to know more. (thanks BalzOnYer4Head)
Mining Pools
Now that your hardware and software is ready. I know nothing about solo mining other than the fact that you have to be very lucky and respectable amount of hashing power to decrypt a block. So it is better to join pools. I have been pool hopping for a bit and really liked give-me-coin previously known to the community as give-me-ltc. They have a nice mobile app and 0% pool fees. This is really a personal preference. Take a look at this list and try some yourself.
How do I connect to a pool?
Most pools will give you a tutorial on how to but the basics are as follows:
  • Signup for a pool
  • Create a worker for your account. Usually one worker per rig (Yes people have multiple rigs) is generally a good idea.
  • Create a .run file. Open up notepad and type cgminer.exe -o (address_to_the_miningpool:port_number) -u (yourusername.workername) -p (your_worker_password_if_you_made_one). Then File>Save As>runcgminer.run (Make sure the drop down is set to "All Files" and .txt document.) and save in the same folder as cgminer. That's it.
  • Double click on runcgminer.run (or whatever you named it) and have fun mining.
Mining Profitability
This game is not easy. If it was, practically everyone would be doing it. This is strictly a numbers game and there are calculations available that can help you determine your risk on your investments. 4 variables you need to consider when you are starting to mine:
Hardware cost: The cost of your physical hardware to run this whole operation.
Power: Measured in $/KwH is also known as the operating cost.
Difficulty rate: To put it in layman's terms the increase in difficulty is inversely proportional to amount of coin you can mine. The harder the difficulty the harder it is to mine coin. Right now difficulty is rising at about 18% per 3 days. This can and will change since all you miners are soon going to jump on the band wagon.
Your sanity: I am not going to tell you to keep calm and chive on because quiet frankly that is stupid. What I will tell you not to get too carried away. You will pull you hair out. Seriously.
Next thing you will need is a simple tool. A mining profitability calculator. I have two favourite ones.
coinwarz
I like this one cause it is simple. The fields are self explanatory. Try it.
bitcoinwisdom
I like this one because it is a more real life scenario calculator and more complicated one (not really). It also takes increasing difficulty into account.
Please note: This is the absolute basic info you need. If you have more questions feel free to ask and or google it!
More Below.
submitted by craeyon to litecoin [link] [comments]

Blockchain to fix horribly broken e-mail system like it is today?

E-mail as it is, is horribly broken. Horrendously broken.
It wasn't that many years ago that you could be assured your e-mail reaches whoever you were mailing to. Today it is a mere suggestion, that perhaps this should be delivered to this person, at least for any automated e-mail. This seems to be creeping to manual, organic email as well. Hell, we are seeing even internal e-mails being flagged by spamassassin as spam, organic, human written conversations! In that instance, the spamassassin is also maintained by one of the largest hosting providers in the world...
Hotmail/MS services has been for years (atleast about 4 years now!) been silently dropping email, not all, but some. There's a bit of relief lately, as they have started to favor a bit more marking as spam, rather than silently dropping.
I know, most email users don't see this problem, but those who use email a lot to do their work, and those who need to send automated emails (say, welcome e-mails for a service) this is a big problem. (Disclaimer, for us, our niche of hosting probably causes flagging as well. Our site is blocked by many corporate firewalls for example)
Blockchain to the rescue?
This is an idea i've been toying around with a few years. What if any single e-mail would cost a faction of a cent, and who receives the e-mail, gets paid for it? Now that would solve a lot of problems. I realize there has been some half assed attempts on blockchain based e-mail, but they are about replacing email (never going to happen). Using blockchain to enhance the current experience, with least minimal friction should be the goal, not re-inventing the wheel.
Imagine a say 0.01 cent (0.0001 USD) cost per e-mail. This price would not be cost prohibitive even for free e-mail service providers (Ad revenue etc. should exceed this value), never mind any legit e-mail users. Especially considering you get paid for receiving. So all legit e-mail services would work rather well regardless of the cost. (never mind free email service could profit from this)
Spam however? To send 1 million emails you would need to pay 100$. How many spammers would continue doing so? At least it makes things much harder, not so easy to use a botnet to send your email when you need to include your private key(s) to the botnet, or make some kind of private key management system, makes more complicated.
Small business newsletters? Say you need to send 100k e-mails to legit customers, 10$ is nothing. To human time crafting that newsletter is order (possibly orders) of magnitude greater than that.
Price would also fluctuate as per the market. The most difficult thing would probably be setting the self balancing mechanisms to keep per mail cost sensible. As such, the biggest hurdle in this might not be technical at all.
Technically, how could this work?
Sender sends a TX for e-mail they are sending for recipient. This TX contains message with mail ID, and a segment which can be used with the email contents to unlock the private key for the payment. This way it is verified that recipient mail servers receives and reads the email. Once the recipient server has calculated the private key, they can either TX the received sum to their wallet, or this needs to be formatted so that once the sender has sent it, they cannot recover the private key and double spend (technical hurdle A. For someone who knows their stuff unlikely to be an major hurdle)
Step by step repeat: * Sender checks if recipient has "MailCoin" capability * Sender sends TX to recipient * Sender sends the email to recipient * Recipient notices on mail header (say x-mailcoin-tx: TXID_HERE) that this is a "mailcoin" mail * Recipient checks TX if it has been received * Recipient puts the mail on delivery queue, antispam is instructed of heavy negative score (MTA admin configurable) * Recipient claims the value of the TX (this is the hurdle A). Recipient can only claim the TX value in case they have received the full e-mail. (Question, can this step be pushed even further down the delivery chain, but still remain MTA only level without mail client support?). Most likely solution is that the header contains the encrypted private key, and chain TX contains the key to decrypt that private key to claim the coins, or vice-versa?
Once recipient has the email & payment, they simply mark on their Antispam a automatic lower score and deliver it normally.
E-mail server side we have several components:
Most typical scenario would be the Recipient server works as outgoing as well, with single wallet. So depending on your mail volume, do you send or receive more on that wallet you might never need to worry about the coins (except for value going skyhigh and having like 10k $ worth of "MailCoins").
So perhaps additional components on per use case are needed, or more likely rudimentary scripting capability (ie. "MailCoin" daemon api) to keep the balances in check.
Technical hurdle B: This needs to be super super simple to setup. Or sufficient financial incentive. One would need to develop standard components & configs for exim, postfix, and other MTAs. Infact, make it autogenerate wallet ID etc. and easy to replace or import private keys etc. to put in coins for sending if you need to.
Privacy: On the blockchain you would not see the e-mail contents, only that e-mail likely took place (TX with mail UUID) to recipient. If sender can be deciphered it depends on them if it can be traced who they were. Automatic mixers? :) Recipient can also keep cycling the receive addresses to keep things private if they want to.
The biggest problem i see here, is that if an attacker can deduce the sender and/or recipient, it might to lead to some issues out of the scope of technical solutions. If attacker could read the emails, they would already have accomplished MitM and could just grab all e-mails.
Default implementation should be so, that from recipient address outsider cannot deduce the recipient server nor hostname.
Also, if attacker gains access to your mail with full headers, they could see the TXs in blockchain. MTA might need to scrub mailcoin related headers (yuck, scrubbing headers ....) for paranoid users, but most likely solution is that recipient retransmits those mailcoins as soon as they got the private key for the balance.
Blockchain: Blocks needs to be done every 10seconds or so, it needs to be fast. Preferrably even every 5 seconds, as not to cause any undue delay. Then again, if your application is reliant on receiving email within seconds, one should consider another means for communicating. Imho, email should be considered a little bit like snail mail, but on internet pace: Couple minutes delay is just OK.
Block size given the e-mail volume needs to be fairly large as well, considering the time between blocks. This is technical hurdle C: Hosting the full blockchain. I can easily foresee that this would grow to be terabytes in size. However, any large email operator would have vested interest in ensuring smooth operation of the blockchain, and for them, running a full node would have neglible cost.
(Technical hurdle C) Single email sent using the system could easily have TX contents of 100 bytes + TX headers + block headers etc. Say 100 bytes, and 100 million emails per day: 9.31GiB per day, 3 399GiB per year, 5 years later: 16.60 TiB just for the mail TXs.
Some estimate there is 200+ billion emails per day, but we all know large portion of this is spam. But even at 50 billion emails a day, 100 bytes per mail TX would add to 4.55TiB per day! So optimizing the blockchain size is obviously going to be important. The volume will be obviously much smaller as semi-spam (those daily half opt-in spamvertising from companies you know) will be lower as well. So probs 100+ billion emails per day at 100% adoption.
Blockchain should then be compressed, the whole block. Algorithm probably should favor speed over compression rate, and should be task specifically optimized (needs a simple reference release, where you can just stream the block contents into it and get output as compressed or uncompressed). The more compression there is, the more full nodes will be hosted by smaller operators :)
For large e-mail server clusters there should be central store for the blockchain, but this can be accessed on the system administratoconfig level already. The MTA components will just remotely talk to single full node daemon (so not really different from many implementations in existence right now), instead of each one running locally a full node.
At today's cheapest hosting rates 16.60TiB is roughly around 85-100€ a month. Purchase cost per 8TB drive is around 230€ mark right now, externals are cheaper. Not an issue for any even semi serious mail provider. Not even issue for datahoarder individuals.
However at 100 billion mails per day: 9.09TiB per day added, which is prohibitively large! We should be targeting something like 20bytes per mail final storage spent, or even less.
If it looks like it is going to grow really large, full node needs to have configurable multiple storages, so they can store parts of the blockchain on multiple different devices (ie. individual might choose to have it on 4 different external drives).
Filesystem side optimizations are needed as well, but these are fairly simple, just split into multiple subdirectories by the 10 thousand blocks or so, ie. 1 for blocks 1-10k, 2 for blocks 10 001 to 20k etc. Filesystems get exponentially slower the more files there is per directory. 10k might start to show slowing down, but is not significant yet.
Nodes could also implement secondary compression (compress multiple blocks together), if the blockchain starts to become stupid large. If it starts to become impossible to maintain, we could possibly implement a scrubbing methodology, where very old blocks get the TX contents wiped as they are not necessary anymore. Should not be an issue
Blocks with 10second target generated per annum: 3 153 600 Mails per 10second: 115 740 e-mails per 10second block. Final compressed size (say 20 bytes per mail): 2.20MiB + headers etc. per block Let's start small and allow linear growth to this, say 0.1% per day (36.5% annual) and start from 20k / 512KiB. After 3 years: 41.9k / 1072.64KiB per block, After 10 years: 93k / 2380.8KiB. (2027 we should have HDDs in the size of 30TB and daily max size for chain growth is 19.61TiB)
On the positive side every problem is an opportunity in disguise. If the blockchain is large, once again botnets will have a hard hard time to spamming, they can't host the full blockchain on infected machines. They will need to develop centralized mechanisms on this regard as well. One method i can see is by having TOR client built in, and via .onion domain to anonymize, but this is two way street, security researchers could exploit this (see above about the private keys) as well. Even without botnets, spammers will need to dedicate significant resources to host the full blockchain.
On the flip side, if spammer has also mining operation on the same local area network, they have both the income for mailcoins + full blockchain, and could leverage economies of scale, but this too would increase cost. And after all: This is all about increasing cost for spamming, while having the price in vicinity where real e-mail users, real businesses it is not a significant impact, or may even be an income source
Client side
Zero, Nada changes. No changes to outlook, thunderbird etc. Everything works under the hood at the MTA level. Very easy adoption for the end user. Everything is in the backend, server side.
Economics for users
Cost of operation has above been shown to increase wildly for spammers. But how about normal use cases?
Joe Average: They receive e-mail a lot more than they send, all kinds of order confirmations, invoices, newsletters and other automated e-mail. They will actually earn (however tiny amounts) from using this system. So for the masses, this is a good thing, they will see the earning potentials! which brings us to ....
New business opportunities! I could foresee a business setting up spam traps, the more e-mail you receive the more you earn! So it pays to get your receiver into spam lists. You don't ever need to read these, just confirm receive of them. All of sudden we could see even greater numbers of invalid e-mail addresses in spam lists, making spamming ever more expensive!
Free email services might proof to be extremely profitable, to the point of potential revenue sharing with Joe Averages (and above spamtraps). Because free email is mostly joe averages, they will have greater influx than outgoing. On the caveat, free email needs to have limits, but due to the low cost and potential of earnings, they could implement "mail credits" system, base is like 20 emails a day, but each received email could increase this credit limit. As such, it makes actually sense for free email services to implement this at the very least on the receiving side.
Business mass emailings. A business which has 100k valid e-mails on their database will not have a problem with paying few dozen bucks to have their mass mailing delivered. BUT they will make extra sure the content is good and targeted, something the recipient wants to receive. These will be the biggest spenders on email, apart from spammers.
ISPs, hell they get paid to provide e-mail. And they are on the same spot as free email service providers, they stand to earn more than spend!
Blockchain economics
This is where things might get interesting, there is so much potential.
However, there are several things definitively should not be done:
1 & 2 are easy, just do not mine outside of testnet prior to launch. (If devs get paid by companies, there is conflict of interest as well, but let's not get into that right now)
3: Miners and/or full node maintainers decide what goes on. Probably miners like bitcoin is supposed to.
4: Infinite & preferential supply: No after the launch "contracts" etc. to give coins to preferential parties, it should remain as on the launch unless majority consensus says there will be a change. Proof of stake is gray area imho, but then again also proof of work is the rich gets richer.
Mining: Storage requirement is a blessing in disguise, the massive storages required for this to function means that there will be no central hardware developer who sells all the shovels, without significant other markets. Ie. WD, Seagate, Toshiba the main players.
This means algo needs to be based on the full blockchain being hosted. The hashing needs to be so that GPUs are the king most likely, since almost anything good for CPUs is also doable in GPUs. Eventually someone will likely come with ASIC alternative, but due to masses of data it WILL require high bandwidth, high memory. Nothing like bitcoin currently, where low bandwidth, no memory requirement for the ASIC. There needs to be some expensive commodity components in there (RAM, Storage), and as such GPUs are the most likely candidate, and the bottleneck will not likely be computation, but I/O bandwidth.
Quickly thinking, previous block could include number of blocks to be included on the next for verification, in a highly compressible format. Let's say difficulty is number of blocks to be hashed, or from difficulty you can calculate number of blocks to be included. Previous blocks miner just chooses on random blocks to be included on the next one. Listing 10 series of blocks to be included, which can include series instructions. It could request block #5729375+100, or #357492+500 stepping 5 (every 5th block). Hell the random generator could use last block as seed for the next one to make it deterministic YET random as the emails and TXs change. (WTF, Did i just solve how the algo needs to work?!?) Only blocks which would differentiate is the first few, and obviously Genesis, for which an "empty" block would be what is to be hashed.
Hashing algo could be SHA256 because of the high requirement of streaming data, and most ASIC miners lacking in bandwidth (infact, it could be made compatible with bitcoin, but only those ASICS with higher I/O bandwidth than storage/ram I/O bandwidth is could actually boost the perf)
Different hashable list operations could be (on the block list what to be hashed on the next one): * Single block * Block # + number of blocks * Block # + (number of blocks with stepping) * Block # + number of blocks chosen by random using each hashed block as the seed for choosing next one (makes prefetch, preread, caching not work efficiently) * Number of previous blocks mined (ie. 50 last blocks) * Above but with stepping operator * Above but with choose random next X blocks, with variations based on the last hashed, sum of the hashed * All random pickers would have operation modes for the seed to be used: From hashed sum, the whole block, block contents, block header
These modes would ensure the blocks are there and makes it a lot dependable on variable factors, RAM speed, I/O seek time, I/O bandwidth.
This way we have proof that the miner has access to those blocks in efficient manner and the full blockchain is stored there, even if it is not practically retrievable from him / her over the internet for others to obtain a copy. HOWEVER, due to the data volumes, i think it is given they have fast access, but a miner would probably prefer not to share their blockchain contents to have bandwidth free for their mining, as the deadlines are tight. It could be built into the full node spec that they do not accept new blocks from sources which are not ready to supply any given block, and perhaps even periodic test of this. However, this would be unenforceable if people start running custom coded nodes which disables this, as it is not part of the blockchain calculation. It is not miner's benefit to "waste" precious bandwidth to serve others the vast blockchain, meanwhile it is end users benefit those running full nodes without mining to get them fast. So an equilibrium might be reached, if miners start loosing out because other miners will not share their blocks, they will start offering them, even if prioritized.
At 2MiB blocks, 10 second deadline, a miner would preferentially want the new block within 500ms, which would be barely sufficient time for a round trip across the globe. 500ms for 2MiB is 4MiB/s transfer rate inbound, and when block found you want it out even faster, say 250ms you'll need 8MiB/s burst which very very few have at a home. At more usual 1MiB/s it would take 2secs to submit your new block. On the other hand, if you found the block, you'd have immediate access to begin calcing the next one.
Block verification needs to be fast, and as such the above difficulty setting alone is not sufficient, there needs to be nonce. Just picking the right block is not guarantee there will be match, so traditional !???? nonce needs to be set as well most likely. As such, a lot of maths needs to be done to ensure this algorithm does not have dead ends, yet ensures certain blocks needs to be read as full and stored fully by the miners, just plain hashes of the blocks is not sufficient.
Perhaps it should be block data + nonce, then all the blocks hashes (with nonce, or pre-chosen salt) and to be generated block combined hash with nonce needs to have certain number of zeroes. Needs testing and maths :)
So there are many ways to accomplish proof of storage, we'd need just to figure out the which is the best.
Sidenote, this same algo could potentially be used with different settings for immutable, forever storage of data. Since there is no continuing cost to store data, TX Fee for every message (data) byte should be very high in such a coin.
Supply. Needs to be predictable and easy to understand. It would be preferential the standard mailing out is always 1x MailCoin, albeit coin itself should be practically infinitively divisable, and as such supply needs to be in the trillions eventually. But these things get complicated really fast, so we need to set a schedule.
Current email use is very large, so we should have something in the same magnitude. 8640 blocks per day - so maybe 10 000 coins per block == 86 400 000 new coins per day == 31 536 000 000 new coins per year, halving every 2 years. First halving: 63 072 000 000, Second halving: 94 608 000 000, Third (6 years): 110 376 000 000, but only halving 4 or 5 times to keep some new supply for ever increasing adoption and lost coins.
Got all the way here? :D
Thanks for reading up. Let me know what you think, and let's start a discussion on the feasibility of such a system!
I cannot develop this myself, but i would definitively back an effort up in the ways i can if anyone attempts to do something like this :) And i know i got probably many of the details incorrect
The main point of the methods described above is ease of adoption. Without adoption any system is worthless, and with email, you just cannot replace it like that (see the attempts trying to replace IPv4 with IPv6 ...), but you can enhance it. adoption is very critical in communications systems. (No one would have a phone if no one else had a phone)
Addendum 1: Forgot to add about pricing and markets, read comment here
Addendun 2: Bad actors and voting
submitted by PulsedMedia to Bitcoin [link] [comments]

A small improvement of bitcoinity (You can see what your BTC are worth in real time)

User -Mahn made something similar this week to show the corresponding USD price at BTCChina on bitcoinity. You can find it here:
http://www.reddit.com/BitcoinMarkets/comments/1qbuat/i_hacked_bitcoinity_sort_of/
Inspired by his work I thought it would be nice to see how much my BTC are worth at the current price. So I wrote a Greasemonkey script which does exactly that for you:
When opening the tab: http://i.imgur.com/EtXgLAY.png
After entering your number of BTC: http://i.imgur.com/OtNq7uO.png
As long as the tab is open you see hte prices in real time!
Update: Included Version 4 from artiomchi here in the main post with the key features!
If you want a Version with support for some small investment/profit calculation see his post below.
If you want to try it follow this description for Firefox:
Get Greasemonkey here
After Greasemonkey is installed go to
Extras -> Greasemonkey -> new Userscript http://i.imgur.com/uA6ABvQ.png OK
Then Extras -> Add-Ons -> Userscripts, Right-click on the script -> Edit
// ==UserScript== // @name Bitcoinity_MyBTC // @namespace bitcoinity.org // @include http://bitcoinity.org/markets/* // @exclude http://bitcoinity.org/markets/btcchina/* // @version 4 // @grant none // ==/UserScript== var execute = function (body) { var st = document.createElement("style"); st.textContent = ".MyBTC_Input { border-style:none none dotted none; color: #808080;"+ "border-color: #282828; background-color: #000000; font-size: 22px; text-align: center; }"; document.body.appendChild(st); if(typeof body === "function") { body = "(" + body + ")();"; } var el = document.createElement("script"); el.textContent = body; document.body.appendChild(el); return el; }; execute(function() { $('
') .append('') .append('BTC') .insertBefore('#last_price'); $('
') .append('0.00') .append('USD') .insertBefore('.subprice'); function calcUserCoins() { var coins = parseFloat($('#user_coins').val()); var xchg = parseFloat($("#last_price").text()); var usd = Math.round(xchg*coins) * 100 / 100; $("#mybtc") .text(usd.toFixed(2)); } if(typeof(Storage)!=="undefined") { $('#user_coins') .val(localStorage.userCoins || 0) .change(function() { localStorage.userCoins = $(this).val(); calcUserCoins(); }); } if ($('.currencies .active').length > 0) $('.user_currency').text($('.currencies .active').text()); calcUserCoins(); window.Markets.push_callback2 = window.Markets.push_callback; window.Markets.push_callback = function(a) { calcUserCoins(); window.Markets.push_callback2(a); } });
Save it and you're good to go!
I normally don't use Chrome so please see artiomchis description below!
submitted by schossel to BitcoinMarkets [link] [comments]

Practical question on bitcoin mining?

I understand that BC mining isn't exactly lucrative when done on a small scale, but I do have a more practical question. It seems that one of the biggest costs is A/C. Well I live in Northern Canada, and it sometimes gets to be -50 here in the winter. Would it be reasonable that profit, or ROI could be greatly increased by running a 6 month operation, by opening a window?
edit: forgot to mention that we pay about 100-150 in heating per month; so I was thinking of a two birds one stone. The idea would be to invest maybe 2-5k in equipment, and even if I don't have to heat and don't mine a single BC, I would be saving about 800 a year in electricity due to no longer needing to heat.
edit2: here's the calcs I came up with for this product https://www.amazon.ca/AntMiner-T9-11-5TH-0-126W-Bitcoin/dp/B01NCX6ZPO/ref=sr_1_7?ie=UTF8&qid=1485137997&sr=8-7&keywords=antminer
http://www.coinwarz.com/calculators/bitcoin-mining-calculato?h=11500.00&p=1450.00&pc=0.09&pf=0.00&d=392963262344.37000000&r=12.50000000&er=927.60000000&hc=0.00
Total estimated profit : $1,348.33 USD: or about 1.8 years; however, add the about 800 CAD I spend on heating my place, this becomes about 1900 USD, or about 1.4 years (estimated). That'd be like buying a stock with a 75% dividend yield. Any thoughts?
edit 3: forgot that I could only reasonably run this for 6-8 months out of the year, so approximately a 2 year ROI. Still, that's pretty damn good if you ask me, no?
submitted by Mike77321 to BitcoinMining [link] [comments]

Serious question about btc and btc mining.

I know a lot of users on this forum have personal vendetta's for everyone who is new to btc or asks some sort of stupid question that can usually be answered via Google or common sense. Regardless, I'm looking more so for advice and a recommendation based off my question. I've used bitcoin for three years now. As a payment type for buying and selling online as well as virtual goods. I dont buy and sell coins in exchanges or anywhere for that matter, but i want to push my involvement further. Btc mining has always been an interesting topic, and I want to start doing so. I ran numbers on the top three search results for mining calcs if I were to buy half a mil (USD) on ant miners s7/s9. I live in a dorm where electricity is free, I can fit around 5 before hitting the electricity ceiling, but I wanted to rent a warehouse near me if I were to scale the process. I found electricity costs at 6.37 cents per kWh and the numbers seem too good to be true, even factoring in security system hardware, as well as renting costs internet costs and many other factors. The numbers were about 250-300k per year (that's just at current pricr, not to mention but cache integration and estimated price raises within the next 1-3 years). But after the halvening, this just seems too good to be true. If I'm missing something please let ne know. Or if there is better ways to go about setting up such an operation please tell me. I'm eager to see what others know.
submitted by ChuffsTrade to Bitcoin [link] [comments]

A small improvement of bitcoinwisdom.com (You can see what your BTC are worth in real time)

Like I did a few days ago, I wrote a Greasemonkey script which shows you how much your BTC are worth in real time. The first script was for bitcoinity.org and this was the thread:
http://www.reddit.com/BitcoinMarkets/comments/1r3gm3/a_small_improvement_of_bitcoinity_you_can_see/
The second one now does the same for bitcoinwisdom.com and it looks like this:
http://i.imgur.com/qSMxmV0.png
Update: artiomchi did some of his magic and made the following changes:
If you don't know how to install it, please see the thread mentioned above. It is explained there for Firefox and Chrome!
I'm no programmer, so the script will work but it is quick'n dirty! If someone is able to enhace the code I would gladly appreciate it. The first script was enhanced by artiomchi and I send him the second one too but haven't heard back till now. Perhaps this wil happen anytime soon, so please check back for a better version later!
The Script V2:
// ==UserScript== // @name Bitcoinwisdom_MyBTC // @namespace bitcoinwisdom.com // @include http://bitcoinwisdom.com/* // @version 2 // @grant none // ==/UserScript== var execute = function (body) { var st = document.createElement("style"); st.textContent = ".MyBTC_Input { border-style:none none dotted none !important; color: #FFFFFF !important;"+ "border-color: #FFFFFF; background-color: #000000 !important; font-size: 11px; text-align: center;"+ "font-family: Consolas,monospace; margin-left: 6px;}"; document.body.appendChild(st); if(typeof body === "function") { body = "(" + body + ")();"; } var el = document.createElement("script"); el.textContent = body; document.body.appendChild(el); return el; }; execute(function() { $("#nav-charts") .before($('
  • ') .append('My BTC:') .append('') .append('BTC')) .before($('
  • ') .append('= ') .append('0.00') .append('USD')); function calcUserCoins() { var coins = parseFloat($('#user_coins').val()); var xchg = parseFloat($("#price").text()); var usd = Math.round((xchg*coins) * 100) / 100; $("#mybtc") .text(usd.toFixed(2)); } if(typeof(Storage)!=="undefined") { $('#user_coins') .val(localStorage.userCoins || 0) .change(function() { localStorage.userCoins = $(this).val(); calcUserCoins(); }); } var currency = new RegExp(/BTC\/(\w+)/i).exec($('#market a').text()); if (currency && currency.length > 1) $('.user_currency').text(currency[1]); calcUserCoins(); setInterval(function() { calcUserCoins(); }, 300); });
    Have fun!
    submitted by schossel to BitcoinMarkets [link] [comments]

    Bitfinex Platform Changes don't mitigate systemic cascading liquidationm risk, & are as much about PR as they are about reducing risk

    Cross posting this from the BitcoinTalk thread as I think the quality of discussion is better here.
    TL;DR - The change to not needing swap until you exceed your trading wallet USD balance will actually reduce risk for lenders, but only if the calculation for liquidation prices remains unchanged (and if lenders are paid before traders in case of liquidation). It will however do this at the cost of reducing the demand for swaps by anywhere between 40% to 100%.
    BFX, can you also please clarify what effect the changes will have on liquidation prices? I'm going to run through an example to clarify my understanding of all the changes, please correct.
    Let's say we have a trader, with the 1000USD and 1BTC in their trading account. BTC is trading for 600 say, so their margin balance is $1600. They have 2.5:1 leverage switched on, so their liquidation price is when their effective margin reaches 13% of their margin.
    Their tradeable balance is (note that swap interest is a negative value):
    Pre-July 21 calc: leverage * margin balance (in USD) + unrealized profit + unrealized swap - balance spent on any open trading position(s) 2.5 * 1600 + 0 + 0 - 0 = 4000
    Post-July 21 calc: leverage * margin balance (in USD) + unrealized profit + unrealized swap - balance spent on any open trading position(s) - value of BTC component of margin balance* 2.5 * 1600 + 0 + 0 - 0 - 600 = 3400
    (The BTC value of the margin balance is subtracted from tradable balance because this is treated essentially like taking a BTC 'position' with some of your tradeable balance)
    What I call 'effective margin' is margin balance plus unrealized profit plus unrealized swap. At the moment a position is opened it is always = margin balance as there is not yet any profit or swap. When the margin ratio = effective margin/margin balance hits the trigger, (in this case 13%) the trader is liquidated. This is how we calculate liquidation price.
    If we assume a simple position of n bitcoins bought at price Pbuy and CUSD USD plus CBTC BTC in the trading account, then Margin ratio equals: ( nP - nPbuy + Iswap + CUSD + PCBTC) / (CUSD + PCBTC)
    Liquidation price is when this equals 0.13, so Pliq = (nPbuy - 0.87CUSD - Iswap) / (n + 0.87*CBTC)
    Lets say the trader opens a position by buying 5BTC at $600. Their tradeable balance and liquidation prices at the moment the position is opened look like the following:
    Pre-July 21 calculation: Tradeable balance = 2.5 * 1600 = 4000 Active swaps = 5 * 600 = 3000 Liquidation price = ( 5600 - 0.871000 - 0 )/( 5 + 0.87*1 ) = $362.86
    Post-July 21 calculation: Tradeable balance = 2.5 * 1600 - 600 = 3400 Active swaps = 5 * 600 - 1000 = 2000 Liquidation price = ( 5600 - 0.871000 - 0 )/( 5 + 0.87*1 ) = $362.86
    (BFX - Is this new liquidation price calc correct ie it remains the same? Does anything change?)
    OK, that's all good, but if the liquidation prices are the same, where does the reduced risk come from? The answer is that this change probably doesn't reduce the risk of a cascading liquidation by much, (assuming that I'm right and the liq. price calc doesn't change) but if it works the way I am assuming then lenders will be more protected because even in the case of a forced liquidation, it will be the trader's money that is put at risk first. Let's see what I mean.
    Under the pre July-21 system, a liquidation causing a loss to lenders will occur when the effective margin drops below zero. This is when the loss is equal to the total margin balance, so when
    Plosing = (n*Pbuy - (CUSD - Iswap) / (n + CBTC)
    This will occur at (5*600 - 1000 - 0)/(5+1) = $333.33. We can see that liquidating the position by selling the 5 bitcoins, plus the 1 bitcoin collateral, will yield 6 * 333.33 = 2000. This plus the 1000 in the trader's wallet will be just enough to pay back the lender their $3000 swap.
    OK, what about after July 21? Say price goes to $333.33 and we liquidate. We get the same $2000, and the trader also has the $1000 in his wallet. The lender gets paid back the $2000, and the trader at least still has his $1000 USD collateral too. There's an 'extra' $1000 USD of margin in play here!
    In the case that the liquidation price is below this amount, I would assume that the lender takes priority (again BFX need to clarify here!). So this means that the actual price that will cause a loss to lenders post July 21 is when effective margin = negative USD collateral, so: Plosing = (nPbuy - (2CUSD - Iswap) / (n + CBTC)
    So yes this change will result in reduced risk for lenders, but it will also mean that demand for swaps to cover the portion of the position that otherwise would be bought with the trading wallet USD balance will vanish. Given that for each individual, their current leverage is bounded between 1 (they are borrowing less than their margin balance) and 2.5, this drop in demand is bounded between 100% and 40%. Obviously most people using the margin trading feature have leverage above 1, so it's unlikely that the drop will be near to 100, but it's also unlikely to be near to 40% either. I would guess between 50 - 60%.
    It's also worth noting that this part of the change doesn't affect the likelihood of a cascading flash crash very much. However the change in the treatment of BTC/LTC collateral will have an effect there, by reducing the effective leverage possible for these traders.
    I think this change by BFX is as much a PR move as it is a move truly intended to avert systemic risk. The headline 'swaps active' number is going to drop by a huge amount; this is all BFX management really want, cos they hope that then people will stop whinging about it in the forums and making them look bad. Given Giancarlo's response to the completely reasonable thread about there being a BFX credit bubble (he called it FUD and was childishly abusive) I think the real motivations here are clear.
    Lender beware.
    submitted by mrmrpotatohead to BitcoinMarkets [link] [comments]

    A Question on Wallets and LiteCoin Profitibility

    How do you keep the bitcoin wallet on a flash drive when the program is currently over 20 GB in size? Do you need a giant flash drive or...what? And is keeping your wallet out of reach of the internet a sure fire way to keep it from getting hacked, or is there another way to get the info?
    Secondly, a question about LiteCoin- originally posted to bitcointalk:
    I recently took an interest in mining but the standard Bitcoin profit calculators told me the sad news: that my PC would produce such a pitiful number of coins (like $20 worth a year, even with some simple gear) that it wasn't worth it (especially when considering electricity costs). But I happened upon a litecoin calculator and put in the same values (20 GHs/s, current difficulty, my computer's wattage, power costs, etc.) and the calc told me I could mine around $500k worth of LiteCoin (after exchanging to BTC then to USD at the current rates).
    I'm assuming something's very off. Here's the calculator: http://www.coinwarz.com/calculators/litecoin-mining-calculator
    I'd be getting two Butterfly Labs 10 GH/s USB blocks ($50 each) and run my AMD Radeon 7700 GPU for a little more. I have a 250 watt PC and power's about 0.12 a kW. What's broken here, or can I really get rich on this alt currency?
    submitted by mrmayge to BitcoinBeginners [link] [comments]

    Need some external perspective on my latest project

    A while back I found the calculator app I've been looking for, it's called Soulver, you can see a screencast that gives a good idea of how it works.
    After a while with Soulver I realized that the concept could be taken quite a bit further. I decided to create something like Soulver, but web-based and much more powerful.
    I've been working on it for a few weeks now and while there is still quite a bit to do (including quite a bit of css styling, it is very bare-bones right now). It's called "LastCalc" and you can see some examples of its usage here and play around with it:
    http://lastcalc.com/BZn6kSqr
    Currently it has the following capabilities:
    Over the next week or two I will add the following capabilities:
    Note that this last one, when combined with user-defined functions opens up incredible possibilities for extensibility, basically LastCalc can become a programmatic front-end to the Internet.
    My problem is that most of the people I've asked to look at it so far don't seem to know what to make of it! I'm hoping for some feedback from some people that haven't been staring at this thing for two weeks :-)
    Oh, and if you'd like to follow my progress with LastCalc you can follow it's Twitter account here.
    submitted by sanity to webdesign [link] [comments]

    [Table] IAmA: I sell on ebay for a living. Ask me anything.

    Verified? (This bot cannot verify AMAs just yet)
    Date: 2013-08-22
    Link to submission (Has self-text)
    Questions Answers
    What's the weirdest thing you've sold? How many hours would you say you work per week? What's the most valuable thing you've sold? Weirdest, that's hard to say since I collect oddities myself. Vintage jock straps would make the list. Link to imgur.com Link to imgur.com
    Why were these links already purple for me? They were on the front page of WTF a few weeks back so maybe you looked at them back then.
    Annual gross sales? Net profit? Where do you buy your stuff from? $110,000, $60,000 and I buy mostly at auction.
    Does it get exhausting ALWAYS having to look for new product? Sometimes. That's honestly the easiest part though. The shipping is the biggest pain.
    What's the shipping process like, especially on your bigger items? And how do you deal with having to potentially ship multiple big items around the same time? Sometimes I will spend an entire day just packaging. I bubble wrap my item and then put an two inch layer of foam cubes all the way around. Sometimes I will have to re-size a box or two.
    What was the Black Keys experience like? And does it provide a steady income or does it come in spurts instead? It's all about averages. I sold the Black Keys a very rare drum machine. I shipped it to their studio but never talked to any of them.
    How did you know it was them? One of their names was on the account and it was being shipped to the studio where they were recording in Nashville.
    Have you ever been dicked by PayPal or ebay? Oh yea.
    Elaborate … It's happened more than once. I had one customer who eBay allowed to return a package that they had accidentally run over with their car. The customer claimed that the post office had delivered it that way but I talked to their postmaster who said that was not the case.
    That is not that bad compared to some stuff I have heard. This one guy sold a tape machine for >$5000 and the buyer claimed he never got it, and then the buyer got a full refund without any argument. I've had customers try to rip me off for more but I won the cases.
    Do you have a lawyer or something, or you just spend hours on the phone arguing? On occasion I've been able to point out to them that the buyer is leaving a large amount of negative feedback which indicates fraud. In short though, you have to waist a lot of time on the phone talking to them.
    Do you think if eBay where to start accepting bitcoin as a usable currency on their site that you would accept them for your transactions? I doubt it. ebay owns paypal so I think they want to keep as much of the profits as possible.
    What sale has been the most special to you and why? I remember one customer who purchased a Christmas ornament from me. They were really excited and thankful because it was one that they had had before their house burned down.
    Do you have any advice for people wanting to sell big ticket items ($500+ such as iPads, computers, cameras, etc.)? The last time I sold on ebay, I was scammed out of an iPad. The buyer claimed SNAD, by saying that I sent him and empty iPad box. Of course Paypal sided with him after I appealed the claim. What has been your strategy towards mitigating fraud? That's a hard one. Although in recent years ebay has gotten better at dealing with fraud it is still a pain in the neck to deal with their support team. There is no sure fire way to avoid fraud. Always buy insurance and if you are worried about fraud you can take additional steps like taking video the item working and taking pictures of your packaging process. When you have an issue with fraud also check the buyers feedback and feedback given to see if you can see a history of fraud. This can help when talking to an ebay rep.
    How did you find your niche? I don't have a niche per say. I've found that it is better to have a well rounded knowledge. If you buy enough of any item though you will become more and more familiar with it.
    If you had to set a standardised size for italian meatballs, What would be the diameter (in cm) of said meatballs? 2"
    What are your primary marketing resources? Search marketing? FB? Newsletters? Word of mouth? Anything else? How much are your marketing costs? I don't do any marketing of my own. ebay spends a huge amount of money marketing their auctions. I don't do many consignments so it doesn't matter if people know who I am.
    But you sell only very niche, special interest items. How do people find your stuff if you don't advertise it? Are there people searching specifically for the book 1639 The Use of The Lord Verulam Viscount English Law Book 17th Century? Not many if any. That's why the key words "English Law Book 17th Century" are in the title. Some items take a long long time to sell. I do sell other items such as cameras and audio equipment that sell much quicker as they have a much broader appeal. I also keep 400-500 items listed because like you said, there aren't many people looking for some of my items.
    What's a good week's worth of income for you? About how many hours a day do you work? I try to make a profit of about $1,200 a week. I don't always work the same number of hours but I probably work 40-50.
    That[s pretty good I would think that this would take a lot longer like 80-100, good job. Was it way longer at the start until you got 'faster' or always like that. I've only done this full time for 3 years so I had lots of time to practice while I sold part time. I was much slower when I started but luckily I didn't have to do it to make a living at that point.
    How old are you? How far do you expect to grow this business? Will you be making six figures next year? What uni did you attend. I am 32. I will not be making six figures next year. I am still a few years away from that. I attended Cincinnati State. My degree is in Graphic Design. I was a graphic designer for 5 years.
    Did you start your business out of necessity or out of opportunity? I was 18 when I started. My brother was 16 and we sold as partners. We've always been hustlers so we saw it as a fun opportunity.
    Worst thing that happened to you during a sale? How about worst purchase. I once purchased hundreds of brand new shoes of of craigslist with plans of reselling them. Turned out, none of them matched.
    Were they supposed to match? If they were what did you do? They were supposed to match but were just in a couple of giant boxes. There wasn't really anything I could do because after I noticed there was no way to find the buyer.
    Sucks man. Well maybe someone else got the same shipment except they got the other shoes instead lol. Ha ha, I think they were display shoes from a store.
    How bad is paypal to deal with? Terrible if their is an issue. They are getting better though.
    What does eBay charge you for each listing? What about PayPal? It depends on what category that you list in. This calculator can help you figure that out Link to www.newlifeauctions.com
    Do you have to file taxes in every state with income/franchise taxes? I assume you have a CPA that handles it. No, I only have to file taxes in the state of my residence.
    Are you expecting a massive drop when the laws change regarding online sales? No. A large percentage of my customers are fairly wealthy.
    Why did you stop graphic designing? It didn't pay enough, my boss was a jerk, and I hated working regular hours.
    I'm guessing less than 60k then? Yes, far less. I was worth a lot more but it was a tough market.
    How can I get started? Start by selling small things that you have sitting around your house. Don't go big, start small and work your way up.
    What if I run out of things to sell? Do I buy things online and sell for a higher $$? Yes.
    Any good items to sell for starters? Cameras? furniture? antiques? Stick with what you now best. Do your research on recent ebay sales of the same item to figure out how much you will make.
    What kind of auctions do you buy from? Any tips for sellers that you can give us? I buy mostly from estate and consignment auctions. My best tip is research, research, research. When you buy don't be impulsive. Know your market.
    Do you have a target market? I always wondered if it would be wise to try to market to a niche on ebay or just put all sorts of things out there. Ebay has gotten so big, it attracts a diverse crowd looking for all kinds of goods. I sell a huge variety of items so my target market varies from item to item. If you have an eBay store you can ad categories so if a person finds one of your items they can easy find other like items that you have for sale. You can also list in your sales that you offer combined shipping to encourage people to buy more than one thing.
    Interesting, I've been seriously considering hustling and makin some money by going around to garage sales in my area. You can get some great deals. Once I bought a 5.1 receiver for $5 and then turned around and sold it to a friend for $30. I imagine I could extend that to ebay. If you have some free time and a little extra money I say give it a shot. Plus the hunt can be fun.
    Do customers try to scam you ever? Occasionally but it is rare. That happens more with consumer electronics while I deal more with vintage, antique, and business.
    Do you list items for sale that you are interested in buying beforehand, to see if you can make profit? No I do not. That's a dangerous game of chicken and violates ebay policy.
    Do you pay federal income tax? Has the IRS every given you a hard time? I do. I've not had any issues.
    Is it worth it? The commission they take must be ridiculous! How do you protect yourself from fraudulent buyers. I've heard ebay is very buyer biased. You have to calculate the fees when purching things for resale. It it is always worth it for me. Make sure you insure your packages, take lots of pictures, and don't be afraid to block a buyer.
    Any tips you'd like to add? I'm a 15yo who does the occasional sell on ebay so would love some! Thanks! :) My tip would be to do your research. Check completed items to figure out what the average sale price of an item is. And if you need to check fees use a fee calculator like this one Link to www.newlifeauctions.com
    How much would you take for your 6ft Mid Century Industrial Age Machine Work Bench w/ Cast Iron Legs & 2 Drawers? I think I almost broke my back moving that monster. I'm open to offers. If you picked it up it would be less.
    How to you figure out what to charge for shipping ahead of time? Do you ship all items even oversized ones? I use a postal scale to estimate shipping costs. For items over 80lbs you have to use a freight service.
    Vague answer. Care to elaborate? Sorry, when you are listing an item you have the choice to either choose flat rate, estimated, or freight. For most items I choose estimated. I weigh the item, ad what I estimate the packing material will weight (it depends on the size but generally a pound or two) enter that information on the form, and ad a handling charge to cover insurance and packing material. For items listed as freight the buyer has to contacted me and I get a quote from my rep at freightquote.com
    When is the best day and time to end a auction item? It depends on what you are selling. I would normally try to end on any day but Friday or Saturday, early evening.
    What's the largest amount of profit you made from a single sale? Probably $2,000.
    How much 'time off' do you give yourself? And what do you do about listings when you're on vacation? Don schedule any to end during that time? I sell mostly store items so when I go out of town I shut down my store sales. I've taken two weeks off this Summer.
    Ever made a substantial loss on something? Not more than a few hundred.
    Whats the most profitable item youve sold? I once made over 2k off of an accordion.
    What's the beat and cheapest place to ship from? Box supplies also? Thank you. I ship using USPS. UPS is generally cheaper for large items. I get a lot of my boxes and supplies from friends and family but when I buy them I use Link to amshipping.com
    Where do you store all this stuff? Currently at my house.
    Can you explain your process, maybe give us a run down on your workflow? Do you have a minimum ratio you are looking for? How you minimize shipping costs? When you say you buy at auction, does that include ebay? If so, primarily ebay? I start my week by making a list of all of the auctions that I plan on researching. After that it's pretty much just buying, listing, shipping. It's not the same everyday. My profit margin depends on how much has to be invested in the item, estimated time it takes to turn it over, and the difficulty in shipping it. Higher priced items generally have a lower margin of profit. I buy everything from audio equipment to books at auctions. I don't buy to resell on eBay.
    I notice you do pretty much everything as a Buy-It-Now/Make Offer -- there's only nine things as an auction listing. Is there a reason for that? In recent years it's been my experience that for most items buy it nows get you the most money. The issue I have is a lot of my items are high dollar, niche items. There may only be a couple of people looking for them so if I sell them at auction I run the risk of them going very cheap.
    Also: wifey and I are antique dealers, and so are my in-laws, and our experience, my inlaw's experience, and even what we hear from other dealers is that eBay sales are way, way down for antiques. What do you think you're doing different that keeps the sales coming? I stay on top of buying trends. What people are buying is constantly changing. People in their 30s and 40s are now major buyers while people in their 70s and 80s are dying. Therefore the prices for things from the 1980s are up while things from the 1950s are way down. I don't just buy based on what I was able to sell 5 years ago. I check the current prices.
    What method should I use to pay the ebay sellers fee? - Paypal or by Debit? I use paypal which is directly linked to my checking account. That way I if transferred all of my funds out of my paypal it can pull it from my checking. Both Debit and Paypal will essentially work the same way though. The only issue would be if you didn't have any money when the bill was automatically paid.
    What is your opinion on the eBay Buyer Protection? Do you ever get buyers who will receive an item, say it was not received as described, try to get a refund, send the item back and then turns out nothing was wrong with the item? Buyer protection is pretty one sided. I had a package sent back once that was "not as described" that was never opened. I've also had people try to work the system for a refund while keeping the item. Luckily though most buyers are honest.
    You've said that you mainly get your items from auctions? I've spent a lot of time watching Auction related shows on Discovery but I've never been there myself. I'd like to try acquire an item there and then resell it on ebay? Can I get an interesting product at an auction for around 100 pounds (~155 USD) Can you share some of your auction techniques? Such as how do you know that a particular item you're bidding on will sell at a bigger price? Thanks. I don't buy at storage auctions. Plus those shows are rather scripted and set unrealistic expectations. A lot of estate auctions will have a list of some of the items that will be up for sale that you can get in advance or there will be a preview before the auction starts. Write down the items of interest and then search ebay for those items to see what recent sales have ended at.
    I have an old Spirograph set that I'd like to sell on Ebay. Have never done that before, could you tell me how to go about that? Do I have to type in a lot of info, or is it all automatic? I mean, how do I get paid for instance? What do I need to set up? You will have to set up a paypal and an ebay seller account. You will have to type in all of the information yourself. The process from start to finish is too much to type out but they will walk you through it. You will get paid through paypal and then have the option to transfer it to your bank account.
    Why are you currently selling women uniform shirts? Why not?
    What would you say is your least favorite thing about eBay? And in your opinion, what would be the best thing eBay could change to help benefit the sellers? The high fees. The best fix would be to either lower the fees or to change the way that they deal with buyer complaints.
    Do you operate under an official business? If so, what type? I pay taxes under my name. At this point I've not seen the advantages of becoming an LLC.
    What do you sell primarily? I sell a lot of antique books and vintage audio equipment.
    I'm always looking to expand and branch out. I sell online too. My sales are nothing compared to your sales. My goal is to have a six figure salary before I am thirty, that I have created myself. Last year, I got 1/5th of the way. This year, I look to surpass that. Do you import a lot of goods to resale? I really try to stay away from that. What do your products really include? Do you hate the IRS as much as I do? I buy all of my items locally. And yes, I hate the IRS. I pay them way too much money.
    How did you get started? I attended an auction with my mother and my brother when I was 18 and my brother was 16. We have both always been hustlers to some degree and this seemed like a fun way to make some money. We started off dealing mostly in vintage board and video games.
    When exporting to place's outside of the US e.g. countries in the EU have you ever been screwed over by the exchange rate or import tax? I have not. Paypal converts foreign currency to USD before it goes into my account. The buyer is responsible for all import taxes.
    How do you deal with storage for all of the merchandise, packing materials ect. and do you pack and ship yourself? Any tips on making that a smooth or at least decent experience? I'll admit, I'm not really that good at this. I did purchase another building to put my inventory in but it is not yet ready for the move. I do most of the packaging myself but I do higher some family members from time to time to work for me.
    I see on eBay too for a living, but my average sold item is $31, so I have to do a lot more volume. Been using eBay since 1998. How do you feel about the lack of power that sellers have now? Have you ever been scammed by a buyer taking advantage of the "Buyer Protection Program"? The buyer does have too much power. I agree. Fortunately ebay has recently taken steps towards fixing that. They aren't there yet though. It doesn't happen often but I have been scammed on a couple occasions. I have also won cases as well.
    Does the international shipping charges depend on what country you're shipping to, or is it a flat rate or something? It varies by country. There are also different shipping restrictions for each country.
    Do you use terapeak? How do you SEO your titles and listings? I do not. I generally search complete items and see what key words were used to fetch the highest price. Sometimes some creative thinking works just as well.
    How much time do you spend working daily? Are your hours predictable? I probably average 8. Its not real predictable as it is determined but where I am buying from that day and what inventory I have to list and ship.
    Would you trust people selling pills on eBay? Do you think a lot of them are fake? I wasn't ware that there were people selling pills on ebay. I would look at their feedback to see if they have a history of satisfied customers.
    Do you use flat rate boxes or plain boxes? What's the cheapest way to ship non-media items? I use plain boxes. Flat rate priority can be a savings if you are either mailing heavy smaller items or you ship a lot to far away places.
    What percent profit would you say you have on each item you sell? There is no standard. It varies from 25% to 200,000%
    Funny that this is an AMA right now - this is my SO's store. Link to stores.ebay.com. Within the past few weeks he has been begging me to quit my full time job and work with him and I'm very tempted, your thoughts after quitting? Was it a good decision? It's certainly not for everyone but I've never regretted it.
    Do you have health insurance? No.
    Any advice for people who would want to sell manufactured items, i.e. cell phone cases, how do you go about starting this up? Where do you find people to produce items for you? This is outside my area of expertise. Sorry.
    What freight service do you use? I use freightquote.com
    What made you start selling on eBay for a living? I sold on ebay on the side for 12 years. I was a graphic designer and I just got tired of working for someone that I didn't like for pay that wasn't what it should be. So I quit and started working full time selling on ebay.
    If you were to sell products that are fairly commonplace, is there any way to get your listing to consistently appear higher in search results, or do you list so many that you get more people coming to your channel? Yes, you have to earn the "top rated seller" status. When you search by "best match" it puts the sellers with a "top rated seller" status at the top. Link to pages.ebay.com
    What was the most valuable/unique thing you've ever sold? Most valuable would be a set of coins that I sold for $5,600. Most unique is a hard one. I sold quite a few screen used props from the movie Ben Hur which were pretty unique.
    Ever thought of opening a pawn shop? Not sure what the marketplace is where you live, but you could do both (ebay/physical store). I prefer to sell my own inventory. Dealing with cosigners ads an additional degree of difficulty and aggravation. Plus it would require me to keep business hours.
    How do you do all the accounting? This may be the first year I may actually hit the point where I get sent a tax form, and I'm wondering what I should be doing in the mean time to prepare for tax season. Thanks! I use turbo tax. I keep my records using a simple spread sheet. It is very basic with line items for total month sales, fees, and a breakdown of purchases.
    Congrats on your sales. Your descriptions are very sparse. Do you feel descriptions are overrated? You do not have any info on shipping costs, payment parameters such as when payment is due, etc. Thanks & continued success. If an item isn't unique then a long description isn't normally needed. Most people find the item because that is specifically what they are searching for.
    Do you remember what was so special about the coins? I collect coins a little and I'm just curious It was a proof set. I can't remember the year. There was one gold coin and the rest were silver. The rare one was actually the silver dollar because it was only produced for that set.
    Have you ever considered buying your own Online-Store to save the ebay and paypal fees? What is your opinion on these? A lot of my items are so niche that it would be very difficult to attract the right buyers with my own store.
    Are you able to hookup Google Analytics, to see your customer demographics? Not sure if ebay is that robust for the users... I am not. ebay has some analytic but they are geared more towards the items that you've sold than the buyers themselves.
    That's really interesting. You don't happen to have a picture, do you? Not that I could easily located and I can't for the life of me remember what year the proof set was. I only made $400 off of the purchase but I knew that I could flip it and make that money within 2 weeks so it was still a good buy.
    Have you ever tries etsy? I have not. esty tends to work better for hand made items. At least that's been my experience.
    Ever consider getting into Amazon with more predictable products and using FBA to save yourself some trouble? I also sell on Amazon. I've found that Amazon is good for selling more mainstream items.
    What is the most overpriced thing you have ever bought? The most I've ever lost is maybe $300. The most I've spent on a single item is 5k.
    How many hours would you say you work a week? 40-50. Sometimes more, some less.
    Do you find it worth it? Yes.
    I bet your house is very interesting. Does it smell a bit dusty though? My house is very interesting. I collect oddities and art.
    Do you still ship to Italy ? :p. Some things, like Ben Hur props.
    How's Steve Carrel? I feel like there is a joke in here somewhere but since I am oblivious to it I'm just going to say, "he is doing well but his mom is a bit under the weather."
    Can you approximate your yearly income? 60k.
    Use registered post for anything valuable. Signature required on delivery. USPS requires signature confirmation for anything insured for over $200.
    OP did ... Yep, the answer is of course me. My more recent purchases which are not pictured are two WWII practice bombs and a piece of one of the popes robes.
    You can see the fees on eBay itself. They're ridiculous. I believe it's 9% of the final value fee and PayPal is around 3% or so. There's a few categories that have flat rate listings I believe, like autos. They also cut into your shipping costs as well. They are category specific and vary from 4-9% on ebay. 10% would be a good average to use.
    Why is it people with 0 feed back keep buying my shit but never pay. You can change your settings to not allow 0 feedback buyers to bid.
    I just wanted to tell you that you have a typo in the description of your Industrial Age Work Bench. you wrote "Pleas ask all questions before purchasing" ;) I'll have to fix that. It's certainly not my fist typo ha ha.
    Hello, I was wondering how far from your house do you usually go to find this stuff, and also, what the luckiest find you ever had was. Thanks. Not normally more than a 45 minute drive. I once found a book on a shelf at a second hand store that was 29 cents that I resold for $250. As far as luck goes I was lucky to even see it at the store.
    Last updated: 2013-08-26 18:57 UTC
    This post was generated by a robot! Send all complaints to epsy.
    submitted by tabledresser to tabled [link] [comments]

    So can you actually make money doing this?

    I was interested in bitcoin ~three years ago, but i didn't have the hardware at the time to mine, so i passed on it. I looked into bitcoin mining (currently doing ~ 640 KH with wemineltc) and i was wondering, are the numbers i filled in here actually accurate? cause if so, holy shit.
    submitted by theonefree-man to litecoinmining [link] [comments]

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