GBiT

18 ms·

61.
by GBiT 9y ago
Energy usage rises if Bitcoins value grows. Miners are mining to get profit. If they will use energy and don't get profit, they will stop mining.
62.
by GBiT 9y ago
The more energy Bitcoin network uses, the more valuable Bitcoins are... If Bitcoins value falls down, energy usage will fall down too. Energy is used to create valuable document - The Block. And block is not necessary new Bitcoins, its tran
63.
by GBiT 9y ago
800M is not to run the network, its hard money. If 1 mb limit was removed today, this network can handle loads of VISA and more. Electricity is spent to create new blocks... Hard work is done to create new Bitcoin and verify transactions.
64.
by GBiT 9y ago
Miners can choose to include more profitable transactions, skiping segwit ones. POS will not work. you need to back Bitcoins value with something, and its electricity. Gov backing with gold.
65.
by GBiT 9y ago
Well... Right now we have blocksize limited to 1 mb. If we will remove this limit and Bitcoin becomes a global currency, we can earn a lot from transaction fees. nChain estimates about 0.05 for a transaction if it will became us big as VISA
66.
by GBiT 9y ago
Energy is whats backing Bitcoins value. You need a lot of energy to create this valuable document - block
67.
by GBiT 9y ago
Bitcoin CAN scale globally right now if remove 1 MB cap. If someone doesn't want to hold every transaction of blockchain they can use pruning, and some us us use it already. For a simple user, it's not worth to keep all blockchain
68.
by GBiT 9y ago
Right now mining equipment cost thousands of dollars... so for real, they can spend a few bucks on hardware.
69.
by GBiT 9y ago
You don't need to hold every transaction why do you think you have to keep all blockchain? Right now you can use pruning on a client like Core ar Unlimited or you can use light clients like Electrum.
70.
by GBiT 9y ago
It's not profitable to mine Bitcoin, but we have about 1000 others, and some of them to mine right now is very profitable.
71.
by GBiT 9y ago
I started niche scanner reviews blog https://www.scanviews.com but it not working from 10 posts I wrote with my not native English language. It's not working. Idea was to make gsmarena alternative for scanner and digitaliza
72.
by GBiT 9y ago
CoinGeek took from him interview, and now pushing series including analysis of it. And about PGP key... If you took a look at his appearance in Future of Bitcoin conference, you understood, that actually, he signed with fabricated key Nobel
73.
Craight Wright Talk at Future of Bitcoin Conference(youtube.com)
3 points by GBiT 9y ago|0 comments
74.
by GBiT 9y ago
Main selling point of Njalla is that one of its founders is ex ThePirateBay guy, Peter Sunde who fights for privacy and creating privacy related services. He is a co-founder of Flattr. So it is more of a trust service.
75.
by GBiT 10y ago
We have a huge problem with invoicing. We have this problem right now for like 2 years and it struggles us to scale. We sell services. We have about 40 of them and with every customer we sign agreement with different pricing on same service
76.
by GBiT 12y ago
Rates - http://www.whatsim.com/en/rates
77.
CloudFIRE – Open-Source Replacement for Cloudflare(blog.coinkite.com)
3 points by GBiT 12y ago|0 comments
78.
by GBiT 12y ago
Website offline, github page - https://github.com/virtkick/virtkick
79.
by GBiT 12y ago
You could just enter new servers mysql login info to old server and work from both servers on new DB. Old server would be slower a bit due to mysql request have to travel long way, but it would be a few times easier and faster.
80.
by GBiT 12y ago
You show picture on website with ID 123456. Right now if I enter this number I'm getting error. You should make it DEMO.
81.
by GBiT 12y ago
I live in Europe, baltic country. you can get a lot of workers to work for 10k/year. for 20 it can be almost top level workers.
82.
Ask HN: Alternative for Truecrypt
17 points by GBiT 12y ago|9 comments
83.
by GBiT 12y ago
In Lithuanian FTTH 500 mbit connection is only 23 euro or $31
84.
There Is A Moral To This Story That Only Engineers Will Fully Understand(tickld.com)
2 points by GBiT 13y ago|0 comments
85.
by GBiT 13y ago
Hi, Its business development question.
86.
Ask HN: How to set and achieve goals in small startup?
5 points by GBiT 13y ago|5 comments
87.
by GBiT 13y ago
Goodbye Popcorn Time, hello Popcorn app - https://github.com/yify
88.
Popcorn Time Deleted By Dotcoms Mega. MPAA Lawsuit Pending(torrentfreak.com)
4 points by GBiT 13y ago|0 comments
89.
by GBiT 13y ago
MtGox team can easily do arbitrage trading. They can buy a lot of bitcoins for half price at mtgox market, transfer them to bitstamp and sell (they admins, they have options to do it by hand). In a few minutes they can earn 100% from arbitr
90.
Placing Your Cryptocoin Wealth In Cold Storage: Installing Armory On Ubuntu(falkvinge.net)
1 points by GBiT 13y ago|0 comments

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