Bitcoin On Air: November 2017

Thursday 30 November 2017

Bitcoin Pauses Below Record Peak; Gained 55 Percent in November

By REUTERS via NYT http://nyti.ms/2itypdS

Meanwhile on /r/bigbangtheory

http://bit.ly/2zCDwM7 via /r/Bitcoin http://bit.ly/2niCIKx

Bitcoin Pauses Below Record Peak; Gained 55 Percent in November

By REUTERS via NYT http://nyti.ms/2zGy6j5

Now that bitcoins are worth a decent amount, mining is easier to be profitable, right? When bitcoins were worth less than $1,000, there's no way to be profitable with a simple home computer because the electricity would cost more. Since bitcoins have risen in price by 10x and electricity price hasn't changed, it's easier to be profitable, right?

I'm not asking whether it's smart to start mining vs investing or whether or not I should start mining with a home pc, just want to make sure I'm understanding the concept right.

Submitted December 01, 2017 at 10:38AM by kNyne http://bit.ly/2AooxH0

Reminder

http://bit.ly/2nm1EBc

Submitted December 01, 2017 at 12:51AM by snubbe123 http://bit.ly/2zFg6Wj

Cryptopia exchange: "Due to a lot of users confusing BitcoinCash(BCH) with the real Bitcoin(BTC) we have renamed BitcoinCash to it more popular nickname BCash."

http://bit.ly/2At5Sfw via /r/Bitcoin http://bit.ly/2isU5XM

Miner/wallet suggestions.

I'm just getting into it so I'm looking for suggestions of miners/wallets you use and what ones to stay away from. I was thinking GUIminer but someone told me that was out of date or no good and for a wallet was thinking coinbase but also heard negative things about it. Any help is appreciated, thanks.

Submitted December 01, 2017 at 09:49AM by Badmouth55 http://bit.ly/2BqBxuK

🎉Watch Party🎉 - The Big Bang Theory - Accuracy/Predictions/General Discussion

For those who are unfamiliar: The Big Bang Theory has become one of the highest rated comedy television shows recently and tonights episode, "The Bitcoin Entanglement", focuses around the obvious.We know this show has mixed feelings among this crowd but we expect some extra volume coming in from this show airing tonight. The last episode that aired reached over 13 million people.Sorting has been defaulted to new so all you have to do is refresh during a scene you want to see others potentially comment on.Trailer/PromoShow begins 8PM EST. (Airing Now) via /r/Bitcoin http://bit.ly/2njGtiP

[Showerthought] Eventually, using your bank to buy bitcoin will be like using Internet Explorer to download Chrome

No text found

Submitted December 01, 2017 at 02:33AM by healthytits http://bit.ly/2At1Vrk

Most profitable rig with minimal noise?

My team at work was granted $5000 towards mining equipment (as an experiment within our innovation team) and have been given permission to do it in our office. This means work we won't be responsible for the electricity expenses. We originally decided on a couple S9s.

BUT we want to make sure it is not a nuisance. What rigs would you recommend for the greatest return without causing a massive amount of noise? Any accessories to suppress the noise?

Any advice would be much appreciated!

Submitted December 01, 2017 at 07:09AM by AnchoredDown http://bit.ly/2BpPlG2

Pretty soon btc vs the world financial system.

http://bit.ly/2Ai2vaK via /r/Bitcoin http://bit.ly/2Ao9flA

Looking for a 4,000 USD mining build

In the last few months I have became very interested in bitcoin mining and have been researching different options. I have a idea of what I would like what I was thinking was (4x) MSI GeForce GTX 1080 Ti DirectX 12 GTX 1080 Ti SEA HAWK EK X, 1x8 DDR3 ram, cheapest HDD I can find, Corsair Hydro Series H110i Extreme Performance Water / Liquid CPU Cooler Cooling. 1000W PSU, AMD RYZEN 7 1700X 8-Core 3.4 GHz (3.8 GHz Turbo), Wooden frame. If I have made a critical error, bad choice, non compatible parts please let me know thanks

Submitted November 30, 2017 at 11:51AM by LandSharkCS http://bit.ly/2njaHTn

S9's mining and cheap power

A friend and I have considered mining by buying a few s9's. Power is. 085 in USD and space isn't an issue. I keep seeing how this is cautioned against in regards to not making any money. Every calculator I've seen says we would make around 600 USD a month (per unit) based on current prices.

I understand the formulas for difficulty and the pieces needed to calculate a return rate. I get the fees for mining in a group as well. Just don't see how we could lose out as long as BTC doesn't plummet.

With futures about to be traded, I see BTC headed for a massive rush before leveling out. I'm looking for honest advice and to understand this a little better before we jump into this.

Submitted December 01, 2017 at 07:00AM by imgursucksnow http://bit.ly/2zFUGbP

Give Bitcoin this Christmas. I'll start with 25 Bitcoin... (day 1)

For the 25 days up to Christmas I will donate 1 Bitcoin to a good cause suggested by r/bitcoin. It can be a charity, an open source project, a crowdfund or anything else. When submitting a suggestion it would be great if you could link to a donation page with a Bitcoin donation address if available. This will allow others to find and donate to causes they wish to also. Each day I'll pick from the suggestions, likely the most upvoted one. I'll ignore any scams. Also I think that it would be best to have 25 individual donations so I will pick a different one each day. I would like to encourage everyone here to try and donate anything they can too. Either to the same causes I do, others suggested that I didn't donate to, local charities or family and friends in need. Especially if the recent price increase has been good for you. I will try to send donations as fast as possible but there may be times where I have to do more research or checks to verify the suggestions are legit. Proof of funds: Message: "Give Bitcoin this Christmas"Address: 34WbSyrtibUJiFbRa7ukLC8RGdFMnQRn4bSignature: I8vZgsyOb1CKbTjo/Mravp03yIFnC94GNTVYOkBbhIUPUajfKPg4nh8zj7dWu5qzev2nsAtByLwpHHDnVwyAxsI= Lastly, if you wish to give but don't have the time to check Reddit for the next 25 days you can send Bitcoin to the address above. I will divide the extra Bitcoin sent to that address by 25 and donate it to each of the chosen causes on the 25th or the 26th. P.S. Please make sure that any donation websites or addresses posted are legit before sending Bitcoin as unfortunately we usually have to deal with a lot of scammers when doing giveaways. via /r/Bitcoin http://bit.ly/2zD9urG

Markets Pass Another Milestone, as Investors Remain Fearless

By LANDON THOMAS Jr via NYT http://nyti.ms/2jynegD

Hi everyone. I’ve been trying to buy a miner from bitmain for awhile and I recently bought some bitcoins do so so but now they only accept Bitcoin Cash. I have bitcoins with coinbase. How can I easily convert them to Bitcoin Cash so I can buy a miner. Thanks for your advice!!

No text found

Submitted November 30, 2017 at 05:42PM by eyeflap http://bit.ly/2iuXghC

Almost everyone now is an Investor

http://bit.ly/2niAWJl

Submitted December 01, 2017 at 02:58AM by MichKOG http://bit.ly/2zFbWxT

[Showerthought] Eventually, using your bank to buy bitcoin will be like using Internet Explorer to download Chrome

No text found via /r/Bitcoin http://bit.ly/2At1Vrk

Can we please organize all the information about what is going on right now in this thread? Coinbase, Kraken, GDAX, and so on? There's no real information here in the sub anymore? Just memes?

Guys, we should make a list of everything that is wrong right now. How is Coinbase doing? Gdax? Kraken?

Below I would like to add the status of other Bitcoin services as you guys keep commenting your experiences. The objective would be for us to have a good overview of whats going on right now.

Mods, please let this post live. We need information during times where everyone is "What the hell is going on".

Please upvote this thread and the good comments and I'll keep editing throughout the day.

Bitfinex is doing fine (unless you margin traded yesterday during the flash crash), I didn't try to withdraw though so I don't know if that's working right now.
Cryptopia (New Zealand exchange) is doing fine, no downtimes, possible to withdraw and everything seems ok besides everything melting down.
GDAX is currently stable.
Kraken is having troubles for a long time now. Orders don't go through, 404 errors and duplicated orders, you name it. Basically,yesterday was like any other day for them. (please check Kraken staff comment below).
Coinbase FINALLY allowed me to buy bitcoin after several attempts and error messages. (this is not consensus, many people still unable to buy / sell through Coinbase). Coinbase say they are under maintenance.
Bitstamp is currently stable and able to make trades.
Gemini has been working fine for me. Threw up a couple limit orders as the price was dropping, they went in and ended up being filled successfully. Other users reporting Gemini was offline most of yesterday.
Quadriga (one of the prominent Canadian exchanges) is business as usual.
Bittrex is being reported by multiple users, transactions delay, transactions cancelled, support is non existance, etc, be careful.
Spectrocoin has been working pretty good for me in this event. Will keep using them.
BTCMarkets (and Coinspot) AUS exchanges are fine. We passed 10k earlier this month with no issues.

Kraken replied to the thread with the following comment: "Hi OP, just as a general update, which has been also mentioned by one of the commenters here, /u/bhishmapitamah/ -- we do have update(s) coming at Kraken, to the trade engine as well, and they are coming soon (anticipated deployment between 1st and 2nd week(s) of December 2017, although we don't have an exact date). Please see here for further details."

Submitted November 30, 2017 at 09:55PM by blockchain_prophet http://bit.ly/2AmGpSg

We just changed Bitcoin Cash to Bcash on Moonstats.

http://bit.ly/2AlHZUH

Submitted November 30, 2017 at 10:48PM by Moonstats http://bit.ly/2Aix7ZS

Should I bother mining with my gaming PC?

I'm new to this stuff and was wondering if it's worth it to use my new gaming PC to mine while I'm not using it. It has a GTX 1080. Would this negatively impact my PC? I still want to use it primarily for gaming.

Submitted November 30, 2017 at 06:03PM by TheFalseAlgebro http://bit.ly/2AoBJLR

Reminder

http://bit.ly/2nm1EBc via /r/Bitcoin http://bit.ly/2zFg6Wj

Almost everyone now is an Investor

http://bit.ly/2niAWJl via /r/Bitcoin http://bit.ly/2zFbWxT

Bitcoin -17% for the day, +17% for the week. Your timeframe will dictate your perspective.

No text found

Submitted November 30, 2017 at 10:39PM by bakers39 http://bit.ly/2AmW04q

All you new crypto millionaires should send Andreas Antonopolous some bits. He's a tireless, reasonable advocate for all of us.

http://bit.ly/2Bp4veI

Submitted November 30, 2017 at 10:00AM by Gwerks71 http://bit.ly/2iwfHlP

<--- Number of people who own Bitcoin not because they care about making a "easy profit," but because they want to over throw the government

No text found

Submitted November 30, 2017 at 03:33PM by nothingduploading http://bit.ly/2iqu37j

Stop hating on Coinbase

Yes, their servers were down yesterday but you can’t really blame them. They had 8 times more customers than their last peak time. If you had planned a dinner for 5 people and suddenly 40 hungry people showed up, what would’ve happened?

Hopefully they’re expanding their servers right now and we won’t have a problem for awhile.

I see the server problems as a good thing, 8 times more customers than their last peak?! We’re going mainstream guys, don’t forget to fasten your seatbelt. :)

Submitted November 30, 2017 at 09:17PM by agent9747 http://bit.ly/2i3axtB

Bitcoin Mining with Quantum Computers

Would quantum computers be able to mine bitcoin more efficiently than classical computers? D wave apparently is selling a 2000 qubit machine.

Submitted December 01, 2017 at 02:29AM by MetalStorm01 http://bit.ly/2keavU1

Goldman Eschews Bitcoin but Wants to Help Clients Crypto-Trade

By REUTERS via NYT http://nyti.ms/2isNgFD

Evidence some bitcoin address generation code is using discoverable private keys

http://bit.ly/2AnOSaD

Submitted November 30, 2017 at 02:13PM by dgryski http://bit.ly/2inECbd

As a long time hodler, these dips are getting fun to watch.

http://bit.ly/2BpITih

Submitted November 30, 2017 at 04:30AM by elitegamerbros http://bit.ly/2j2dziY

What type of Power Cord?

I've ordered now 8 Antminer S9/L3+, and APW3++ power supply, now I need to order to amazon.de power cords. What type of power cord to order, do I need 10A or 16A or better? Please any links.

Submitted November 30, 2017 at 06:16PM by atdscorpio http://bit.ly/2ni3SS1

For those who are selling their BTC

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

Submitted November 30, 2017 at 03:38AM by Shitekudasai http://bit.ly/2kbQuxm

Bitcoin -17% for the day, +17% for the week. Your timeframe will dictate your perspective.

No text found via /r/Bitcoin http://bit.ly/2AmW04q

We just changed Bitcoin Cash to Bcash on Moonstats.

http://bit.ly/2AlHZUH via /r/Bitcoin http://bit.ly/2Aix7ZS

McDonalds to accept Bitcoin by 2018

http://bit.ly/2AqVfJZ

Submitted November 30, 2017 at 10:32PM by Crypto_Daily http://bit.ly/2isiaO2

Can we please organize all the information about what is going on right now in this thread? Coinbase, Kraken, GDAX, and so on? There's no real information here in the sub anymore? Just memes?

Guys, we should make a list of everything that is wrong right now. How is Coinbase doing? Gdax? Kraken?Below I would like to add the status of other Bitcoin services as you guys keep commenting your experiences. The objective would be for us to have a good overview of whats going on right now.Mods, please let this post live. We need information during times where everyone is "What the hell is going on".Please upvote this thread and the good comments and I'll keep editing throughout the day.Bitfinex is doing fine (unless you margin traded yesterday during the flash crash), I didn't try to withdraw though so I don't know if that's working right now.Cryptopia (New Zealand exchange) is doing fine, no downtimes, possible to withdraw and everything seems ok besides everything melting down.GDAX is currently stable.Kraken is shit. But that's no news, it's been like that for months, if not years. Orders don't go through, 404 errors and duplicated orders, you name it. Basically,yesterday was like any other day for them.Coinbase FINALLY allowed me to buy bitcoin after several attempts and error messages. (this is not consensus, many people still unable to buy / sell through Coinbase. Coinbase say they are under maintenanceBitstamp is currently stable and able to make trades. via /r/Bitcoin http://bit.ly/2AmGpSg

What a day we're having today

http://bit.ly/2Ao4VVN

Submitted November 30, 2017 at 04:16AM by TheeSweeney http://bit.ly/2inyVKD

I'm thinking of mining for fun. Which vendors offer best deals?

I've done some initial research this past week and want to start mining for the fun of it ( although I aim to be profitable as well).

There seems to be a lot of scam stories when it comes to buying. A quick search for Antminer S9 on EBAY/Amazon results with prices of $3-4k. While other sites advertise price at $1600.

Therefore, does this community have a list of reliable vendors with fair market prices when it comes to mining equipment?

Thank you for your suggestions in advance!

Submitted November 30, 2017 at 09:47PM by Hyetigran http://bit.ly/2Ahqabt

Stop hating on Coinbase

You guys are too hateful towards Coinbase. Without them and their easy-to-use website/app Bitcoin would never be as popular as it is right now with regular people. Currently it’s top 10 on the App Store where I live which is awesome.Yes, their servers were down yesterday but you can’t really blame them. They had 8 times more customers than their last peak time. If you had planned a dinner for 5 people and suddenly 40 hungry people showed up, what would’ve happened?Hopefully they’re expanding their servers right now and we won’t have a problem for awhile.I see the server problems as a good thing, 8 times more customers than their last peak?! We’re going mainstream guys, don’t forget to fasten your seatbelt. :) via /r/Bitcoin http://bit.ly/2i3axtB

Thought this was amazing!

http://bit.ly/2nhJ0u9

Submitted November 30, 2017 at 12:28AM by omietrice http://bit.ly/2zCLeG6

I hope James is doing well

http://bit.ly/2niqn9e

Submitted November 30, 2017 at 05:50PM by KINNAHZ http://bit.ly/2zCDpjI

Bitcoin Loses Over a Fifth of Its Value in Less Than 24 Hours

By REUTERS via NYT http://nyti.ms/2zR0V0v

Me, Calaber24p, Eating My Left Nut

I am invested in bitcoin and have been a supporter since 2012, so hitting 10k was a mixed bag. I will still be bag holding my coins going forward, but unfortunately my testicle bag will have to part with half its stash. Without further ado, here is the video.WARNING: THIS IS GRAPHIC AND NOT FOR THE SQUEAMISH!

~~http://bit.ly/2ipCBv1~~ taken down

http://bit.ly/2AJHo2e

Submitted November 30, 2017 at 11:33AM by calaber24p http://bit.ly/2AqOvf8

Remember, Coinbase and all the other shitty exchanges that tried to take over bitcoin scaling with untested, buggy code, can't even scale their own businesses.

No text found via /r/Bitcoin http://bit.ly/2ngLvgj

Mining vs selling hashpower on Nicehash. Could someone tell which is better?

No text found

Submitted November 30, 2017 at 06:16PM by miliseconds http://bit.ly/2zQTPcz

I hope James is doing well

http://bit.ly/2niqn9e via /r/Bitcoin http://bit.ly/2zCDpjI

DealBook Briefing: Bitcoin’s Price Swings Raise Fears of a Crash

By Unknown Author via NYT DealBook http://nyti.ms/2nisbiq

Remember them sexy lips next time

http://bit.ly/2BnlqhC

Submitted November 29, 2017 at 08:48PM by chamon- http://bit.ly/2j2tgGM

Review: ‘The New Radical’ Asks, Is It O.K. to Build Your Own Gun?

By KEN JAWOROWSKI via NYT http://nyti.ms/2zDvHpo

How much would I have to spend to profitably mine bitcoin?

Currently (Nov. 28th 2017.) annual net earnings just with one Antminer s9 in Serbia is 8.986 USD.

As an investor or small/middle size miner you should consider: the price of bitcoin, investment for mining equipment and the price of electricity.

Superb mining equipment are ASIC processors specially made for bitcoin and alternative (all other) coins mining.

Currently (Nov. 2017.) for mining the bitcoin the best ASIK processor in the world is Antminer s9. It cost from $1.500 up to $3.500. The price varies depending on the series (each subsequent series has better performance), where it is bought (it's a big difference if you buy it directly from the manufacturer or via eBay or Amazon), shipping costs (can be from $0-200) and power supply unit cost from $105 to $200.

The cheapest electricity in Europe is in Serbia. 0,065 € (≈0,077 USD)

Source: Eurostat._YB16.png) (Eurostat is a statistical office of the European Union located in Luxembourg).

One of the essential heritage of communism that has remained in Serbia is that the price of electricity is a social category. So, in Serbia, unlike the rest of the world (perhaps in the communist countries), it is a cheaper electrical cost for domestic households than for the industry.

I decided to pinpoint exactly how much it would electricity cost if 2 Antminers s9 were mining 24/7 365 days a year. The calculation is based on Serbian Dinars. The final value is in US Dollars.

In Serbia, there are 3 zones of electricity categories depending how much of power do you consume per 30 days accounting period: green (0-350 KWh) blue (351 KWh-1.600 KWh) and red zone (more than 1.600KWh). Each zone has own price range. Each zone has night ( lower) and day ( higher) price. Night prices are calculated from 11pm-6am for each zone. Meaning, 16 hours (66,66%) during a day processor will consume higher priced el.energy and 8 hours ( 33,33%) lower priced el.energy.

One Antminer s9 processor consumes 1.400W = 1,4 KW x 24h = 33,6KW / h consumed in one day.

So two processors consume 67,2 KW / h / day

Green zone is up to 350 KWh. So, 350 KWh: 67,2 KWh / per day = 5,2083 days

5,2083 days x 24h = 124,9992 h.

33,33% of 124,9992 h = 41,6622h (lower price hours) x 1,419din. (lower price of el. in the green zone) = 59,1187 din.

66,66% of 124,9992 h = 83,3244 h (higher price hours) x 5,962din. (higher price of el. in green zone) = 496,7804 din.

The blue zone is from 350 KW to 1.600KW

1.600 KW-350 KW = 1.250 KW (the amount of electricity that can be spent in the blue zone price range)

1250KW: 67,2 KWh / per day = 18,6011 days

18,6011 days x 24h = 446,4264 h.

33,33% of 446,4264 h = 148,7939 h (lower price hours) x 2,236din. (lower price of el.price in blue zone) = 332,7032 din.

66,66% of 446,4264 h = 297,5878 h (higher price hours) x 8,943din.(higher price of el.price in blue zone) = 2.661,3280 din.

Red Zone

It remains 6,2 days in the red zone

The number of days spent in the green zone is 5,2

The number of days spent in the blue zone is 18,6

23,8 days spent

Calculation period 30 days -23,8 = 6,2 days in the red zone

6,2 x 24h = 148,8h

33,33% of 148,8h = 49,5950h (lower price hours) x 4,472din. (lower price of el. coast in the red zone) = 221,7890 din.

66,66% of 148,8h = 98,208h (higher priced hours) x 17,887din. (higher price of el.cost in the red zone) = 1.756,6464 din.

…………In total: 5.528,3657 dinars( basic amount for tax calculation)…………….

Tax calculation

Note: Some tax I can't translate literary or it is to long for translation, so I have named them Fixed Tax

-Basic amount: ……………………………………......... 5.528,3657 din.

-Fixed Tax : 11,04 KW x 48,552 din.: …………...+ 536,01 din.

-Fixed Tax: …………………………………………........... + 132,76 din.

-Total: …………………………………………..........….…… 6.197,1357 din.

-5% discount on regularity of payment: .....… - 309,8567 din.

-Total: ……………………………………………….........…. 5.887,279 din.

-Tax for green energy: …………………….....……… + 187,48 din.

-Total: ……………………………………………........……. 6.074,767 din.

-Excise (7,5%): ……………………………….....……… +455,6075 din.

-Total: …………………………………………….........…… 6.530,3745 din.

-VAT (20%): ………………………………….....……… +1.306,0749 din.

-Total: …………………………………………….........…… 7.836,4494 din.

-Nacional Television Tax: ………….......…………….. 150,00 din.

……… Grand total: 7.986,4494 din. ≈79,45 $ …………………………….

The exact price KWh for a given period is only 3,9615 din. ≈ 0,039 $

Official National Bank of Serbia exchange rate for Nov. 28th, 2017.

7.986,4494 din : 2.016KWh (total el. power consumption for 30 days) = 3,9615 din. ≈$0,039 per kilowatt/hour. In this way, it is actually cheaper than the average price in China, India or UAE. I'll never complain again about el.price in my country. Worldwide electricity price by region, source: statista.com

The profitability of mining bitcoin ( and other altcoins) is calculated with the power consumption calculator. Simply, chose the coin ( in this case bitcoin) enter the hash power of processor ( in this case 14 TH) and el. coast ( in this case 0,039 USD). When you put all this data, you are making just with 1 Antminer s9 $8,986 in Serbia. Power consumption calculator. Source: cryptocompare.com

Now we can do a little investment brainstorming.

Let's say you rent 10 apartments and in each, you will put two S9s. Rent in Serbia (not in Belgrade) for a flat on less attractive location, is $ 110 (can be even less), x 10 apartments that will cost you $1.100 a month.

The Internet per month is $12 x 10 flats = $120

Electricity per month is $79,45 x 10 flats = $794,5

Since this is a serious investment and business, you need 3 people (8 hours shift) for monitoring the processors pay the bills preventing possible stilling, just to make sure everything goes smoothly. The salary per person is $300, so monthly is $900. For these three persons, you can rent an apartment from where they will monitor the processors, which is an additional $ 200 per month (maybe even less).

Monthly expenses are 3.114,5 $

2 Antminers s9 are making (with current bitcoin mining difficulty, block size and price rate) $1.477,3 x 10 flats = $14.773 per month

Month Net Profit: $11.658,5 x 12 months = $139.902 Annual Net Profit

The variable cost is purchasing price of Antminer s9. From $ 1.500 to $ 3.500 (customs, delivery charges, where do you bay). We need 20 Antminers x $3.500 = $70.000

In a year (at the current bitcoin price) the gross profit is $139.902 - $70.000 ( purchasing price for 20 Antminer s9) = Net profit: $ 69.902 in the first year.

The costs could be further reduced:

~~ If you pay in advance ( 6 months or 1 year ) rant

~~ The price of an Antminer s9 is cheaper in a larger quantity order,

~~ I am not sure but, I spouse you can have better price from internet provider for large internet packet

Why two Antminers s9? Under the law, EPS ( Serbian state electrical company) is required to provide up to 30.000KWh annually to each household. The two Antminers S9 spend 24.192KWh yearly.

…..and there is more to talk about this subject.

So, if you have someone in Serbia I wish you all the best. Call me for dinner ( at least you owe me that :)) .

Or, if you are interested in this and you don’t have contacts in Serbia, you can contact me about this project. lazarlazarevic975@gmail.com

Stay happy,

Lazar

Submitted November 30, 2017 at 04:42PM by _TETRISMANIA http://bit.ly/2kce25n

Evidence some bitcoin address generation code is using discoverable private keys

http://bit.ly/2AnOSaD via /r/Bitcoin http://bit.ly/2inECbd

ECB Tells Banks to Embrace Instant Payments to Beat Bitcoin

By REUTERS via NYT http://nyti.ms/2AqfE1L

Close to $4000 to invest. What are my options?

I've revently discovered Bitcoin and I would like to invest what I have, but mining attracts my attention. I think it's a hobby I would personally find interesting. I wouldn't mind putting in a bit of extra R&E to maximize profits from mining either.

I'm new to this, but from my basic understanding the Antminer s9 with a apw3++ power supply is the best choice for profitability. It sounds like I might could afford this set-up, where would I find the best deal for quality product? Do I go directly to the source? Should I wait for the Dragonmint reveal or is that a pipe dream?

Also is one A9 miner profitable? It would be great to get some supplemental income and gain a hobby, but profits are obviously the main goal here. I have a year before I travel to uni, if I can get a rig set up that could cover rent and bills that would be ideal. Or in all reality, is investing in btc the smarter choice?

Let me know your thoughts everyone. If you can provide links, resources, or anecdotes a it would be appreciated!

Submitted November 30, 2017 at 12:18PM by Eagleeye412 http://bit.ly/2Aokqgq

<--- Number of people who own Bitcoin not because they care about making a "easy profit," but because they believe in the tech.

No text found

Submitted November 30, 2017 at 09:19AM by sillibird http://bit.ly/2i2INp0

Don't invest recklessly

Being blinded by dreams of getting rich quickly, similarly to people who dump money on very-negative-EV lottery tickets.
Getting wrapped up in "HODL" memes, reddit comments, and other groupthink, which is sometimes fun, but absolutely the last appropriate source of investment advice.
Acting based on panic thinking like, "OMG the price is going to $1 million and I will miss my chance forever if I don't buy right now" or "OMG the price is going to $0.01 and I will miss my chance forever to retain some value if I don't sell right now".
Investing more than you can afford to lose. Bitcoin is HIGHLY, HIGHLY speculative. No investment advisor would tell you to put all of your life savings into MSFT or whatever, and MSFT has a market cap 4x larger than Bitcoin. Although I believe that it is very unlikely, there are several ways in which the value could drop precipitously, even to zero. For example, there is no mathematical proof that the cryptographic algorithms used in Bitcoin are actually secure -- they are merely believed to be secure because nobody has been able to break them after many years of intense scrutiny. (I'm not here recommending "diversifying" into altcoins -- altcoins are almost all complete trash, and price-wise they follow BTC but with even more volatility, so they're not really useful for diversification.)

It is entirely possible that the massive price increase of the last year is based on lasting fundamentals. In addition to things like the fairly recent subsidy halving, the defeat of B2X, etc., the world fiat-based economy is in many ways on very shaky ground, and getting worse all the time. There are many good reasons why BTC should have a larger market cap than every fiat currency combined. It's even possible that the price will increase quite a bit more from now. But for goodness sake, don't think that Bitcoin is the first-ever infinite-money generator that will continue to rise exponentially forever (in real terms). I can nearly guarantee that there will be a large and long-lasting crash/downturn at some point. Maybe it will be $10k to $5k, maybe it will be $50k to $30k, who knows. But if you're thinking for example that the current $5k+ price range is absolutely secure after only existing for a few months, then you're traveling blind through very dangerous territory.

Some points to consider:

Buying near the ATH is very risky, and while it can be correct/profitable, it puts you on the wrong footing. You need to buy low and sell high to make money.
On 2013-11-29 (exactly 4 years ago) the peak ATH hit $1163, and then fell to $152 by 2015-01-13. That's a drop of 86.9%. Imagine this happens again: The price drops sharply to $2000 or something and then just continuously decreases down to a low of $1,432 (an 86.9% reduction from today's ATH) over the course of a whole year. I'm not saying that this will happen, but it's happened once and it can happen again. Could you survive this?
Bitcoin is experimental, and it is probably imprudent for someone who is not a true believer in the soul of Bitcoin to invest a lot into it. For example, I personally wouldn't invest more than a few percent of my total assets into ETH even if I felt very confident that it would rise in price because I simply don't believe in its philosophy or long-term value.
To reduce risk, it is frequently recommended to allocate assets by percentage, and rebalance upon large price movements. Eg. If you previously decided that you want to allocate 50% of your wealth in BTC (because you are a super big true believer), but BTC is now 90% of your wealth because the price increased so much, it may generally be advisable to start selling to rebalance your BTC allocation back down to 50%. I'm not saying that it is always absolutely wrong to have 90% of your assets in BTC or whatever, but it should be because you are intentionally choosing to do so, not because the price got away from you and you never really considered that you now have 90% of your wealth riding on one thing.
Avoid panic buys and panic sells. Dollar-cost-averaging over a long period of time is often a good strategy.
Nothing rises in real value to infinity. That's impossible. It is possible that 1 BTC could someday be worth infinite dollars, but that just means that dollars are worthless in that hypothetical scenario. BTC probably does have plenty of room to grow in real value before it completely takes over the world, but keep in mind that there is a ceiling.
If BTC were to reach values like $100k-$250k, that'd probably cause/imply that the prevailing economic regime has completely fallen apart. At some point in that price area, people around the world would probably lose substantial faith in fiat currencies. A good result, but ask yourself: do you expect the prevailing economic regime to go down easily?

I'm not telling you to buy or sell, and I'm not giving financial advice here. I'm just urging everyone to think rationally, not emotionally or recklessly.

Submitted November 30, 2017 at 08:25AM by theymos http://bit.ly/2jwM3JQ

Me, Calaber24p, Eating My Left Nut

When I made the statement 2 years ago at this point, bitcoin was much less mature and far lower in value. I had always believed that at some point it would hit 10k, but I didnt believe it would be before the end of 2017. Needless to say, I was wrong.I am invested in bitcoin and have been a supporter since 2012, so hitting 10k was a mixed bag. I will still be bag holding my coins going forward, but unfortunately my testicle bag will have to part with half its stash. Without further ado, here is the video.WARNING: THIS IS GRAPHIC AND NOT FOR THE SQUEAMISH!http://bit.ly/2ipCBv1 taken downhttps://streamable.com/svn6e via /r/Bitcoin http://bit.ly/2AqOvf8

Wednesday 29 November 2017

LOL at the people getting spooked by a 2.5k drop. Welcome to cryptocurrencies!

No text found

Submitted November 30, 2017 at 03:45AM by sleepie_head http://bit.ly/2AnKV5O

Yeah, but these go to $11k.

http://bit.ly/2nd7Jj4

Submitted November 29, 2017 at 01:40PM by Murphy_Its_You http://bit.ly/2zA30d9

McAfee doubles down on his promise: "I now predict Bitcoin at $1 million by the end of 2020. I will still eat my dick if wrong."

https://twitter.com/officialmcafee/status/935900326007328768

Submitted November 30, 2017 at 12:05AM by TheGreatMuffin http://bit.ly/2ipRkGp

Europe Draws in Nearly Half of Funds Raised via Initial Coin Offerings: Report

By REUTERS via NYT http://nyti.ms/2ioHLYz

To all those that panicked.

http://bit.ly/2i1vJjH

Submitted November 30, 2017 at 03:46AM by Auwardamn http://bit.ly/2An2nqP

<--- Number of people who own Bitcoin not because they care about making a "easy profit," but because they believe in the tech.

No text found via /r/Bitcoin http://bit.ly/2i2INp0

Mining Farm Cooling

Hi All, I have a strong interest in Crypto and also work for a company who specialise in data centre cooling.
We can offer solutions for cooling loads from 10kW up to 1000+MW, with free cooling economiser options that can achieve pPUE of less than 1.05 (that's 5kW of input power per 100kW cooling capacity) If you would like more information please feel free to contact me. Thanks! p.s i'm UK based but we have offices globally.

Submitted November 30, 2017 at 07:50AM by Chriptopher http://bit.ly/2Alyvcb

My first rig design/setup!

http://bit.ly/2AlT7AS

Submitted November 30, 2017 at 09:17AM by XiT_StatiK_Daphiti http://bit.ly/2AfjGtv

For those who are selling their BTC

https://www.youtube.com/watch?v=XbZ8zDpX2Mg via /r/Bitcoin http://bit.ly/2kbQuxm

Anyone know why this isnt working?

http://bit.ly/2jvGrQ3

Submitted November 30, 2017 at 09:24AM by JamJam21 http://bit.ly/2i1PJTj

Don't invest recklessly

I posted about this just a few months ago, but I feel that it's necessary to repeat. The Bitcoin price is on an unbelievably ridiculous upswing which is rather likely to be a bubble. If you're trying to get rich quick by dumping your retirement funds into BTC at $10k, then your "investment strategy" is not much better than someone betting everything on a game of roulette. High-risk-high-reward investing is not necessarily bad, but you have to seriously look at your thought process to make sure that you're not:Being blinded by dreams of getting rich quickly, similarly to people who dump money on very-negative-EV lottery tickets.Getting wrapped up in "HODL" memes, reddit comments, and other groupthink, which is sometimes fun, but absolutely the last appropriate source of investment advice.Acting based on panic thinking like, "OMG the price is going to $1 million and I will miss my chance forever if I don't buy right now" or "OMG the price is going to $0.01 and I will miss my chance forever to retain some value if I don't sell right now".Investing more than you can afford to lose. Bitcoin is HIGHLY, HIGHLY speculative. No investment advisor would tell you to put all of your life savings into MSFT or whatever, and MSFT has a market cap 4x larger than Bitcoin. Although I believe that it is very unlikely, there are several ways in which the value could drop precipitously, even to zero. For example, there is no mathematical proof that the cryptographic algorithms used in Bitcoin are actually secure -- they are merely believed to be secure because nobody has been able to break them after many years of intense scrutiny. (I'm not here recommending "diversifying" into altcoins -- altcoins are almost all complete trash, and price-wise they follow BTC but with even more volatility, so they're not really useful for diversification.)It is entirely possible that the massive price increase of the last year is based on lasting fundamentals. In addition to things like the fairly recent subsidy halving, the defeat of B2X, etc., the world fiat-based economy is in many ways on very shaky ground, and getting worse all the time. There are many good reasons why BTC should have a larger market cap than every fiat currency combined. It's even possible that the price will increase quite a bit more from now. But for goodness sake, don't think that Bitcoin is the first-ever infinite-money generator that will continue to rise exponentially forever (in real terms). I can nearly guarantee that there will be a large and long-lasting crash/downturn at some point. Maybe it will be $10k to $5k, maybe it will be $50k to $30k, who knows. But if you're thinking for example that the current $5k+ price range is absolutely secure after only existing for a few months, then you're traveling blind through very dangerous territory.Some points to consider:Buying near the ATH is very risky, and while it can be correct/profitable, it puts you on the wrong footing. You need to buy low and sell high to make money.On 2013-11-29 (exactly 4 years ago) the peak ATH hit $1163, and then fell to $152 by 2015-01-13. That's a drop of 86.9%. Imagine this happens again: The price drops sharply to $2000 or something and then just continuously decreases down to a low of $1,432 (an 86.9% reduction from today's ATH) over the course of a whole year. I'm not saying that this will happen, but it's happened once and it can happen again. Could you survive this?Bitcoin is experimental, and it is probably imprudent for someone who is not a true believer in the soul of Bitcoin to invest a lot into it. For example, I personally wouldn't invest more than a few percent of my total assets into ETH even if I felt very confident that it would rise in price because I simply don't believe in its philosophy or long-term value.To reduce risk, it is frequently recommended to allocate assets by percentage, and rebalance upon large price movements. Eg. If you previously decided that you want to allocate 50% of your wealth in BTC (because you are a super big true believer), but BTC is now 90% of your wealth because the price increased so much, it may generally be advisable to start selling to rebalance your BTC allocation back down to 50%. I'm not saying that it is always absolutely wrong to have 90% of your assets in BTC or whatever, but it should be because you are intentionally choosing to do so, not because the price got away from you and you never really considered that you now have 90% of your wealth riding on one thing.Avoid panic buys and panic sells. Dollar-cost-averaging over a long period of time is often a good strategy.Nothing rises in real value to infinity. That's impossible. It is possible that 1 BTC could someday be worth infinite dollars, but that just means that dollars are worthless in that hypothetical scenario. BTC probably does have plenty of room to grow in real value before it completely takes over the world, but keep in mind that there is a ceiling.If BTC were to reach values like $100k-$250k, that'd probably cause/imply that the prevailing economic regime has completely fallen apart. At some point in that price area, people around the world would probably lose substantial faith in fiat currencies. A good result, but ask yourself: do you expect the prevailing economic regime to go down easily?I'm not telling you to buy or sell, and I'm not giving financial advice here. I'm just urging everyone to think rationally, not emotionally or recklessly. via /r/Bitcoin http://bit.ly/2jwM3JQ

Electrical Service

What size electrical service is required to run 100 AntMiner S9s on 3-Phase 240V?

Submitted November 30, 2017 at 07:59AM by inexile14 http://bit.ly/2AoKLL7

11k!!!!!

Submitted November 29, 2017 at 09:56PM by SittingAtMyDeskRN http://bit.ly/2AiSASK

REMINDER: A 10% drop is not a "crash", if bitcoin has been up +76% this month.

No text found

Submitted November 29, 2017 at 07:45PM by A_Internet_Stranger http://bit.ly/2zRYKK3

Nasdaq Plans to Launch Bitcoin Futures in First Half 2018

http://on.wsj.com/2kbz3NL

Submitted November 29, 2017 at 11:18PM by GalacticCannibalism http://bit.ly/2BwYld9

University found out I’m mining bitcoin in my dorm

I have free electricity here at ASU and I decided to use Nice Hash to mine some bitcoin. I’ve been mining for a month with no problems with two gtx1080ti, but I just got a email today that I need to uninstall my mining hardware. Now I am pretty sure this is not based off my electricity bill as I mined with my laptop for a bit and they said I had two devices mining. Now, I am wondering how I can get around this problem. Should I use a vpn? Or is there another way to disguise my mining?

Submitted November 30, 2017 at 06:40AM by kdolghier http://bit.ly/2AHLb01

What a day we're having today

http://bit.ly/2Ao4VVN via /r/Bitcoin http://bit.ly/2inyVKD

35 x S9 or GPU mining better??

Greetings and good day to all expert guru of mining here. My friends and I are planning to start our own mining farm in Malaysia. We have a pool of fund of $130,000 and planning to get 35 pcs of S9 to mine on BTC. However, I had been advsied that ASIC mining is pretty high risk compare to GPU mining. Should I cut half of S9 and change to GPU rig to mine ETH or Zcash and other alts?

Submitted November 29, 2017 at 09:05PM by nicholascds http://bit.ly/2AIXdpL

LOL at the people getting spooked by a 2.5k drop. Welcome to cryptocurrencies!

No text found via /r/Bitcoin http://bit.ly/2AnKV5O

Bitcoin Mining Earnings Report After 85 Days

http://bit.ly/2nfyW4O

Submitted November 30, 2017 at 04:36AM by Averitteg http://bit.ly/2zzxVWV

Business Highlights

By THE ASSOCIATED PRESS via NYT http://nyti.ms/2zBAs32

To all those that panicked.

http://bit.ly/2i1vJjH via /r/Bitcoin http://bit.ly/2An2nqP

BTC dropping due to lack of quality 11k memes. Closest support line is at 9k Vegeta memes.

No text found

Submitted November 30, 2017 at 03:40AM by vindico_silenti http://bit.ly/2zOrP9j

You know we’ve gone parabolic when the front page still celebrates 10,000 but the price is already over 11,000

http://bit.ly/2ikILwE

Submitted November 29, 2017 at 09:41PM by Cryptoconomy http://bit.ly/2Al4zit

Bitcoin's Blistering Rally Breaches $11,000 Mark

By REUTERS via NYT http://nyti.ms/2AlYbrr

McAfee doubles down on his promise: "I now predict Bitcoin at $1 million by the end of 2020. I will still eat my dick if wrong."

https://twitter.com/officialmcafee/status/935900326007328768 via /r/Bitcoin http://bit.ly/2ipRkGp

BTC dropping due to lack of quality 11k memes. Closest support line is at 9k Vegeta memes.

No text found via /r/Bitcoin http://bit.ly/2zOrP9j

Here's to all of our new friends, welcome!

http://bit.ly/2AkpM9Q

Submitted November 29, 2017 at 10:12PM by notyouagain2 http://bit.ly/2Af3Qip

Factbox: Things You Might Not Know About Bubbly Bitcoin

By REUTERS via NYT http://nyti.ms/2nequmh

$11K Price Thread [November 29, 2017]

Please utilize this sticky thread for all Bitcoin price discussions!If you see vapid price posts on /r/Bitcoin/new, please help us out by directing the OP to this thread and reporting theirs. Thank you!Your price screenshots and repetitive posts are being removed, so please stop posting them! via /r/Bitcoin http://bit.ly/2iiYhZX

Best miner choice at moment that is in stock?

So this is different territory for me. I have a mining operation of zcash and eth, never bothered to do bitcoin but figured I would throw a couple miners in the mix now. What is everyone suggesting that is actually in stock anywhere? S9's are fine from ebay for $4000 (absurd) but I am looking for something reliable for longterm and stable since it would be sitting in a warehouse. Any ideas? Thanks

Submitted November 30, 2017 at 01:18AM by eviltissue http://bit.ly/2Bm04Bg

$0 - $1,000: 1789 days // $10,000 - $11,000: 11 hours and 16 minutes

https://twitter.com/marceljamin/status/935870955427188736 via /r/Bitcoin http://bit.ly/2AnvQRC

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /r/Bitcoin Sticky FAQYou've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:Video 1: What Is Bitcoin & Why Should You Care?Video 2: The real value of bitcoin and crypto currency technologyVideo 3: Bitcoin Is Independent MoneyVideo 4: Bitcoin 101 - Balaji SrinivasanFor some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /r/BitcoinTV.Key properties of bitcoinLimited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.Open source - Bitcoin code is fully auditable. You can read the source code yourself here.Accountable - The public ledger is transparent, all transactions are seen by everyone.Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works.Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.Low fee - Transactions fees can vary between a few cents and a few dollars depending on network demand and how much priority you wish to assign to the transaction. Most wallets calculate the fee automatically but you can view current fees here.Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.Trustless - Bitcoin solved the Byzantine's Generals Problem which means nobody needs to trust anybody for it to work.Pseudonymous - No need to expose personal information when purchasing with cash or transacting.Secure - Encrypted cryptographically and can’t be brute forced or confiscated with proper key management such as hardware wallets.Programmable - Individual units of bitcoin can be programmed to transfer based on certain criteria being metNearly instant - From a few seconds to a few minutes depending on need for confirmations. After a few confirmations transactions are irreversible.Peer-to-peer - No intermediaries with a cut, no need for trusted third parties.Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply remembering a string of words for wallet recovery.Scalable - Each bitcoin is divisible down to 8 decimals allowing it to grow in value while still accommodating micro-transactions.Designed Money - Bitcoin was created to fit all the fundamental properties of money better than gold or fiatSome excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.Where can I buy bitcoins?BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.Bank TransferCredit / Debit cardCashCoinbaseCoinbaseLocalBitcoinsGeminiBitstampLibertyXGDAXBititMycelium LocalTraderBitstampCex.ioBitQuickKrakenCoinMamaWallofCoinsXapoBitcoinOTCCex.ioitBitBititBitsquareHere is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".Securing your bitcoinsWith bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, there are many software wallet options here. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor or Ledger is recommended. A more advanced option is to secure them yourself using paper wallets generated offline. Some popular mobile and desktop options are listed below and most are cross platform.AndroidiOsDesktopMyceliumBreadWalletElectrumCoPayAirBitzArmoryIf you prefer to let third party "Bitcoin banks" manage your coins, try Coinbase or Xapo but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.Google AuthAuthyAndroidAndroidiOSiOSWhere can I spend bitcoins?A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.StoreProductGyftGift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguinFor when you need to get your game onMicrosoftXbox games, phone apps and softwareSpendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBayRetail shopping with millions of resultsShakePayGenerate one time use Visa cards in secondsNewEgg and DellFor all your electronics needsCashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2Bill paymentFoodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For CoinsTakeout delivered to your door!Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flatsFor when you need to get awayBoltVM, BitHostVPS serviceCryptostorm, Mullvad, and PIAVPN servicesNamecheap, PorkbunFor new domain name registrationStampnik and GetUSPSDiscounted USPS Priority, Express, First-Class mail postageReddit GoldPremium membership which can be gifted to othersCoinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.Merchant ResourcesThere are several benefits to accepting bitcoin as a payment option if you are a merchant;1-3% savings over credit cards or PayPal.No chargebacks (final settlement in 10 minutes as opposed to 3+ months).Accept business from a global customer base.Increased privacy.Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.If you are interested in accepting bitcoin as a payment method, there are several options available;BTCPayCoinbaseCoinifySnapcardGoCoinMycelium Gear (direct to your wallet)Blockonomics (direct to your wallet)BitapsStripeCan I mine bitcoin?Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out.If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.Earning bitcoinsJust like any other form of money, you can also earn bitcoins by being paid to do a job.SiteDescriptionWorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /r/Jobs4Bitcoins, Rein ProjectFreelancingOpenBazaar, Purse.io, Bitify, /r/Bitmarket, 21 MarketMarketplacesWatchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /r/GirlsGoneBitcoin NSFWVideo StreamingBitasker, BitforTip, WillPayCoinTasksSupload.com, SatoshiBox, JoyStream, File ArmyFile/Image SharingCoinAd, A-ads, Coinzilla.ioAdvertisingYou can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)Bitcoin ProjectsThe following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.ProjectDescriptionLightning Network, Amiko Pay, and StrawpayPayment channels for network scalingBlockstream and DrivechainSidechains21, Inc.Open source library for the machine payable webShapeShift.ioTrade between bitcoins and altcoins easilyOpen Transactions, Counterparty, Omni, Open Assets, Symbiont and ChainFinancial asset platformsHivemind and AugurPrediction marketsMirrorSmart contractsMediachainDecentralized media libraryTierion and FactomRecords & Titles on the blockchainBitMarkets, DropZone, Beaver and Open BazaarDecentralized marketsSamourai and Dark Wallet - abandonedPrivacy-enhancing walletsJoinMarketCoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)Coinffeine and BitsquareDecentralized bitcoin exchangesKeybase and BitratedIdentity & Reputation managementBitmesh and TelehashMesh networkingJoyStreamBitTorrent client with paid seedingMORPHiSDecentralized, encrypted internetStorj and SiaDecentralized file storageStreamium and FaradamPay in real time for on-demand servicesAbraGlobal P2P money transmitter networkbitSIMPIN secure hardware token between SIM & PhoneIdentifiDecentralized address book w/ ratings systemCoinometricsInstitutional-level Bitcoin Data & ResearchBlocktrail and BitGoMultisig bitcoin APIBitcoreOpen source Bitcoin javascript libraryInsightOpen source blockchain APILeetKill your friends and take their money ;)Bitcoin UnitsOne Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:UnitSymbolValueInfomillibitcoinmBTC1,000 per bitcoinSI unit for milli i.e. millilitre (mL) or millimetre (mm)microbitcoinμBTC1,000,000 per bitcoinSI unit for micro i.e microlitre (μL) or micrometre (μm)bitbit1,000,000 per bitcoinColloquial "slang" term for microbitcoinsatoshisat100,000,000 per bitcoinSmallest unit in bitcoin, named after the inventorFor example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:0.02 BTC20 mBTC20,000 bitsFor more information check out the Bitcoin units wiki.Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found hereNote: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.Welcome to the Bitcoin community and the new decentralized economy! via /r/Bitcoin http://bit.ly/2ng4Xd1

Latecomers be like

http://bit.ly/2hZIoDX

Submitted November 29, 2017 at 07:40AM by FriendlyAdvisor-v2 http://bit.ly/2AhHpJZ

$7000 to play with. Invest or Mine?

I have a gtx 1080ti and I am getting .00045BTC daily (about $5) which is a nice intro to the bitcoining universe, however with $7000, I wonder, would it be better to invest in some strong mining equipment or invest? Suggestions? If I invest, what are some tips on strategies? If I mine, what are truly the best rigs out there?

Submitted November 30, 2017 at 12:51AM by ricktheengineer5 http://bit.ly/2AmSBTr

Interested in starting mining.

Hi, I have started to look at asics and gpu's for eth rigs that I would need to buy. But in my calculations to start there is one empty spot. The peripherals. What in additions to asics would I need to buy and how long is their life expectancy?

Submitted November 30, 2017 at 01:34AM by omikel http://bit.ly/2AhzxYm

Nasdaq Plans to Launch Bitcoin Futures in First Half 2018

http://on.wsj.com/2kbz3NL via /r/Bitcoin http://bit.ly/2BwYld9

Breaking News: The dollar crashes below 0.0001 btc

http://bit.ly/2zBYF9j

Submitted November 29, 2017 at 11:05AM by bitbug42 http://bit.ly/2nfIsEU

Next stop 100,000$, in 1 year.

http://bit.ly/2ijfHpt

Submitted November 29, 2017 at 04:54PM by cubic03 http://bit.ly/2Al3GGI

I remember it like it was yesterday.

http://bit.ly/2nfwN96

Submitted November 29, 2017 at 12:52PM by UsernameGoesHere122 http://bit.ly/2zzaKMk

Tesla owner builds a bitcoin mining rig in a Model S to use free Supercharger power

http://bit.ly/2AkD7l6

Submitted November 29, 2017 at 11:27PM by Teslas_Pigeon_ http://bit.ly/2iisM23

Jack Bogle says avoid Bitcoin like the Plague as it passes $11,000

http://bit.ly/2Ai6ZP7

Submitted November 29, 2017 at 11:32PM by Crypto_Daily http://bit.ly/2iisCaX

Nasdaq to Launch Bitcoin Futures Contract in 2018: Source

By REUTERS via NYT http://nyti.ms/2inLsNT

Here's to all of our new friends, welcome!

http://bit.ly/2AkpM9Q via /r/Bitcoin http://bit.ly/2Af3Qip

You know we’ve gone parabolic when the front page still celebrates 10,000 but the price is already over 11,000

http://bit.ly/2ikILwE via /r/Bitcoin http://bit.ly/2Al4zit

11k!!!!!

11k!!!!! via /r/Bitcoin http://bit.ly/2AiSASK

Bad news

http://bit.ly/2zz98SO

Submitted November 29, 2017 at 12:48PM by throwawayben1992 http://bit.ly/2neblS9

2 Questions about mining.

Hey guys, I just wanted to ask you 2 questions about mining like all other people do here :D

1- how many AMPs do I need for a miner that requires"x" amount of watts ?

electricity in my country is being sold as "AMPs" not watts and the voltage is 220v, they don't mention watts, how many watts am I getting then !?

2- do I need good internet connection to mine?

my internet connection is as bad as it gets.... 100KBps Down , 30KBps UP

Submitted November 29, 2017 at 07:52PM by gtavo119 http://bit.ly/2ikAgle

Dear S9 owners, how much $ is your s9 making you per day?

So how much btc is s9 making you per day? is it still worth the purchase if the electricity cost is about 0.05 per kwh?

Submitted November 29, 2017 at 09:41PM by omidelf http://bit.ly/2AiT9vX

AP Explains: What Is Bitcoin? A Look at the Digital Currency

By THE ASSOCIATED PRESS via NYT Europe http://nyti.ms/2j0SJQU

$10 000 is GREAT, but never forget this.

Why do we need to protect our wealth against governments and Banks?In 2008 Argentina nationalized $30Billion in private pensions.In 2013, Cyprus seized up to 40% of citizens money out of Bank accounts.In 2016, Syrian refugees had their wealth confiscated by border guards.In 2016, Venezuela had 720% inflation and bolivar lost about 90% of it’s value.Why do we need to use Bitcoin?~ Bitcoin is not centralized, YOU are in full control of your wealth.~ Your Private key is your FREEDOM. {Own it, it is your money} via /r/Bitcoin http://bit.ly/2Ahk37n