151–160 of 166 posts
I have an increible hard time to get started with bitcoin. Which website? How? Can someone pull through the right path for me? I want to start investing in mining and buying.
Blockchain.info is a good start. Also go to bitcoin.org and learn about how much you should trust 3rd parties vs. your local wallet. I'm just starting too, hope this helps a bit! Ps. Don't bother mining, it's a lost cause for most.
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At one point I owned about 150 bitcoins, but I sold the majority off at the $30-something peak a few years back. I also paid for my bitcoin miner back when bitcoins were $11, and my cost was 58 bitcoins. The miner that I finally received, has made me 5 bitcoins. Sad times.
Yep I had about the same amount, when they were worth around 7-8$ a coin. Bummer, 40,000$ would be nice right about now.
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Second time I read this. How so? The address has been used to receive coins, surely a private key must exist?
A private key is not strictly necessary to receive coins, only to spend them. So while there is still probably a private key with that address (since he intended to actually be able to use those bitcoins), the public key is not revealed unless coins are spent from that address.
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A private key is not strictly necessary to receive coins, only to spend them. So while there is still probably a private key with that address (since he intended to actually be able to use those bitcoins), the public key is not revealed unless coins are spent from that address.
But the public key must be linked to the address, or else you could not confirm the public key belongs to that address. Right?
The address is literally RIPEMD-160(SHA-256(public key)), plus a 4 byte checksum. To receive coins to that address, the sender publishes the amount they are sending and that address, they never see the public key.
When the owner of the address wants to send bitcoins from it, only then do they publish the public key, along with a transaction signed by their private key.
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But the public key must be linked to the address, or else you could not confirm the public key belongs to that address. Right?
Yes, but this information is not published to the blockchain until you spend it. The address is literally RIPEMD-160(SHA-256(public key)), plus a 4 byte checksum. To receive coins to that address, the sender publishes the amount they are sending and that address, they never see the public key. When the owner of the address wants to send bitcoins from it, only then do they publish the public key, along with a transact…
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I'd transfer them over to another exchange and sell them, if I were you. The USD price on Mt. Gox can be considered fake because nobody can get their money out.
Well, you don't necessarily need to cash out to USD to withdraw from MtGox. Instead, you can transfer to an offline wallet with a few physical and/or cloud+encrypted backups.
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Interesting. I'm not sure which disk its on and it might well be corrupt but I had various components that I was going to make into a secondary desktop or donation machine so I suppose I should check while I test, it might pay for itself!
Here's what I've used: http://www.makomk.com/~aidan/wallet-recover-0.3-linux.tar.gz Put this on a bootable usb with ubuntu or something and run it against the drive in question. Let it run overnight, and in the morning, you may find yourself with a windfall. Here's the thread with more info: https://bitcointalk.org/index.php?topic=25091.0 After it runs, it will create a wallet.dat file that you will load with bitcoin…
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Yeah, but she said "no" when they were priced at $20-30. I fully understand the risks involved. Heck, my Economics degree makes me 1% more qualified than most people here to talk about how bubbles work. If I'd bought BTC, I'd have been more worried about technical problems. I don't claim to understand the system in depth, but I know that crypto-fails happen all the time. If an exploit is ever discovered, I wonder wha…
Your wife sounds smart, reasonable and down to earth. Congrats!
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Are you trying to day trade? Are you a long term bull? You gotta come up with an investing plan :) One potential solution to your problem is to do something like: sell Y% of my coins everytime the price increases by X%. An example would be sell 20% after each 50% rise (semi bullish plan. I also made those numbers up, don't consider them as specific advice).
Definitely a long term bull but I agree that my execution could use some refining :) I like your strategy suggestion.