3 Things to Know about Bitcoin Confirmations (2020 Updated)
3 Things to Know about Bitcoin Confirmations (2020 Updated)
30% fee and no confirmations after 4 hours? : Bitcoin
What Are Bitcoin Transactions With Zero Confirmations ...
0 confirmations in 2 hours? : CoinBase
How To Speed Up Bitcoin Confirmations CryptoCoins Info Club
Keep on minting my friends
http://www.mintcoinofficial.eu/ Mintcoin is a community owned and operated pure proof-of-stake crypto-coin. Save your coins in your wallet and earn the annual percentage rate while securing the Mintcoin network. Fast. Secure. Energy Efficient. Digital Internet Money. Mintcoins literally mint coins. Join us, we'll teach you how to mint coins. Start the process of minting your own coins today!
11-10 19:53 - 'You just need to wait for 3 more days before the Bitcoin price reaches $0. At that moment, it won't matter anymore whether the transaction is confirmed. / Thank me very much for the wise recommendation. You are welcome.' by /u/cervchild removed from /r/Bitcoin within 0-7min
NightOwl Halloween Drop: Descriptions, Info, FAQ and Tips
This will be the last I'll post in-regards to NightOwl drops.From now on drop info will be posted in the NightOwlseeds subreddit We can only pin 2 posts at a time, and it can get confusing for new and existing users. I will be updating this thread throughout the day, check last edited.- NightOwl subreddit linked,
"My pack has a blank label, how do I know what I have?"
Those are the "Secret Owl Society" packs, they come labeled with UV ink. Daz almost always provides a small blacklight keychain, use it to reveal the pack name.
"Can I make multiple orders and get the tester pack?"
As long as the combined total is $250, and hasn't been shipped yet, then you get 1 tester pack ($500 for 2 tester packs). A new bit of info, you get another tester pack per $250 spent, dealer's choice.
No, you don't need TSB Premium to make a purchase. This was an option for paying members to get a chance to access the drop early. Nothing was exclusive to premium, everyone has access to all the strains.
"I got a confirmation email, it still says "processing", should I be worried?"
As long as you have a confirmation email (maybe a paid email), then there's nothing to worry about your order has been received.
When purchasing NightOwl seeds from The Seed Bazaar on 10/10 at 12 AM, WHATEVER IS IN YOUR CART, ISN'T RESERVED. NEW TIPS ITEMS ARE ADDED/UPDATED ONE BY ONE. THERE ARE TWO PAGES OF SEEDS. IF YOU HAVE AN ISSUE WITH YOUR ORDER EMAIL [[email protected]](mailto:[email protected]) PREMIUM ISN'T NECESSARY. It's best to purchase what you want FAST, everything is and always has been limited in quantity. Don't leave the item(s) in your cart and go check your plants and start some LST or a res change, don't go start cleaning your tent, CHECK YOUR ITEMS OUT FAST. Orders usually are combined to help with shipping, this should help with ordering fast, and comments have been enabled at checkout too 👍. Last tip, make an account ahead of time, and login. Should help speed up the checkout process. Price per pack is $50 USD. Website and packaging say 3 seeds but typically get 5 no option for other pack sizes, plus free international shipping. This is the LAST SCHEDULED DROP from NightOwl till Valentine's day, which is expected to have the new F4 photo to auto cultivars. This is if there aren't any delays or setbacks in the timeline. The new NightOwl Sweater doesn't have a set date yet, could be some time in November. Chocolates are for the US only, food and customs don't go together. I THINK Daz said put it in the comments if you'd like the chocolate and he'd get back to you to figure out how to ship it (might have to pay for packaging and postage). Only If there are chocolates or ashtrays left, Daz will offer them up as an item on the seed bazaar for the cost of shipping which is usually around $15. Seedopoly boards are being sent out, pieces won't go out till the New Year, and the prizes are US only.
Spend $250 get an UNRELEASED TESTER PACK
Spend $500 get 2 UNRELEASED TESTER PACKS
Tester packs are labeled, but unknown till you receive it.
Scratch Card Game
Match the Mummies, scratch card game *WHILE SUPPLIES LAST, 1st COME 1st SERVED\*
Zamaldelica Express x Cosmic Queen 75/25 Sativa/Indica 75-80 days from sprout A long time coming, the Galaxy Brain is finally here! These large, branchy plants are covered with frost from the stems up! Piercingly sweet fruit scents and mouth coating flavors accompany a soaring euphoric head high, along with a relaxing body effect that doesn’t hamper your daily activities. I’m expecting this one to become a staple in the autoflower connoisseur’s garden. The reversal used was selected from over 40 Cosmic Queens and was extremely sativa dominant. I used this same expression for an unreleased seed run a few years back and she produced some of the most exquisitely beautiful and flavorful flowers. The female used was extremely pungent, with sappy and bulbous resin heads that stink up the whole room when burst. She also had extremely fat calyxes, providing massive amounts of surface area for the resin heads to call home.
Fugue State x Cosmic Queen True F1 Hybrid Limited Edition 75/25 Sativa/Indica 75-85 days from sprout 2-4 ounces average 3 Feminized Seeds Large, easy growing sativa dominant plants with heavy branching and intense crystal production. Super sweet, peppery, and buttery flavors accompany an intensely uplifting head high and an electrically charged body feel. The Spotless Mind name gives a tip of the cap to the Amnesia Haze in her heritage, which carries through to this cross. Overindulge and you will find yourself becoming forgetful and may experience recollection difficulties, but in a fun way. She has also been known to encourage bedroom activities, making for a nice nightstand stash. If you are looking for an anytime sativa that won’t make your mind race aimlessly, look no further. The same reversal that was used for Galaxy Brain and Cosmic Apprentice was also used for this Limited Edition.
Blue Microverse F4 x Cosmic Queen F4 *Quick Finish* 50/50 Sativa/Indica 65-75 days from sprout 1.5-3 ounce average 3 Feminized Seeds Expect medium to large plants with creamy blue raspberry lemonade golf ball buds running along the side branches, leading up to chunky top colas all wrapped in gooey, long-stemmed trichomes. Another beautiful true F1 hybrid with a 50/50 blend for a balanced, comforting mind and body experience. Great for relaxing after work when you’re ready to start winding down. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency while keeping the stretch down. **Be sure to keep airflow and humidity in check during the final few weeks, as the flower density can lead to bud rot in the wrong conditions. **
Strawberry Nuggets F4 x Cosmic Queen F4 *Quick Finish* 40/60 Sativa/Indica 65-75 days from sprout 1.5-3 ounce average 3 Feminized Seeds Expect medium-sized bushes with very sturdy branches that reach up and fill the canopy alongside the main cola. Rock hard nugs of pinks, purples, emerald, and blue hues will create all the bag appeal you could ask for, with a sweet cheesy strawberry funk that will have you smelling the bag again and again. Another true F1 and the heaviest indica hybrid of the lot, ranging from therapeutic to narcotic depending on your intake. Perfect for a dessert smoke or nightcap to relax your body before sailing off into the dream world. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency while keeping the stretch down. ***Be sure to keep an eye on these during early as the Strawberry Nuggets line can throw a ball or two during sexing, right where the side branches meet the main stem. It is rare, but can be brought about by stress or too strong an application of nutes during the sexing stage and seems to be most common when using humic acid. If you do see a ball pop up it can be removed and the plant will continue on fully female to finish her life. Also, keep airflow and humidity in check during the final few weeks, as the flower density can lead to bud rot in the wrong conditions. **\*
(Chem City Blues x Chemdogging) X Cosmic Queen F4 *Super Sativa* 60/40 Sativa/Indica 75-85 days from sprout 2-4 ounce average 3 Feminized Seeds Expect large, easy growing plants with satellite branches that reach up to the shoulders of the canopy, but be sure to stake her before she goes too far into flower or she will buckle under the weight of her blooms. The piercing old school perfumes she puts off range from skunky blueberries to creamy chems, and her soda can cola structure is sure to impress! This F1 polyhybrid is recommended for heavier smokers and those looking for help with pain management, and can be a bit too much too fast for the uninitiated. Carbon filters are always a must indoors, and best to make sure they’re in proper working order before running these. The Cosmic Queen reversal used for this cross was what I consider the super sativa expression of CQ. Tall, stretchy, thinner leaves, incredibly sweet resin, bag appeal, pest, and pm resistant with an elongated bud structure that is excellent for outdoors and in. Don’t miss out!
Mango Smile x Cosmic Queen F4 *Super Sativa* 70/30 Sativa/Indica 75-85 days from sprout 2-4 ounce average 3 Feminized Seeds Expect large, easy growing plants with sturdy branching and individual bud sites running their length, met with a small cola cluster at their end. This true F1 hybrid has beautiful tropical citrus flavors that will send you off on an island vacation, while the effects will leave you physically and mentally heightened and ready for anything the day throws your way! Extremely pleasant all day/everyday smoke, sure to be a crowd-pleaser. The Cosmic Queen reversal used for this cross was what I consider the super sativa expression of CQ. Tall, stretchy, thinner leaves, incredibly sweet resin, bag appeal, pest, and pm resistant with an elongated bud structure that is excellent for outdoors and in. Don’t miss out!
Forum Stomper x Cosmic Queen F4 *Quick Finish* 60/40 Sativa/Indica 65-75 days from sprout 1.5-3 ounce average 3 Feminized Seeds Expect medium-sized bushes with stout branches that reach up and form a canopy surrounding the main cola. Incredibly resinous chunky white nugs and dark forest green foliage fade to the deepest purples and blacks under cooler temperatures. She will have true F1 hybrid vigor and produce a delicious mix of forum cookies and cosmic cream flavors along with an abundance of “fall off the stalk” gland heads that will put everything else around your trimbin to shame. Effects are stoney, both physically and mentally, without the couchlock. She could easily fill the role of all day/everyday smoke if you have a decent tolerance already. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency while keeping the stretch down.
Super Orange Haze F4 X Cosmic Queen F4 *Super Sativa* 70/30 Sativa/Indica 70-80 days from sprout 1.5-3 ounce average 3 Feminized Seeds Expect medium-sized, easy growing plants with shorter side branches that reach about half the height of the main cola. Floral and sour citrus flavors with an uplifting effect that is great for early morning and afternoon indulgences. Bag appeal is also of no concern, as this true F1 hybrid has it in spades! The Cosmic Queen reversal used for this cross was what I consider the super sativa expression of CQ. Tall, stretchy, thinner leaves, incredibly sweet resin, bag appeal, pest, and pm resistant with an elongated bud structure that is excellent for outdoors and in. Don’t miss out!
Toof Decay x Cosmic Queen F4 *Quick Finish* 50/50 Sativa/Indica 65-75 days from sprout 1.5-3 ounce average 3 Feminized Seeds Expect medium-sized bushes with stout branches that almost reach the height of the main cola. Extremely dense buds covered in sweet bakery and candy-flavored resin that will leave you wanting more. Cooler temperatures can bring out some beautiful fall colors that only add to her visual appeal. Stoney without the narcotic effect, great for an afternoon delight or as a post-meal treat. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency to this true F1, while keeping the stretch down. ***Be sure to keep an eye on these during early as the Toof Decay line can throw a ball or two during sexing, right where the side branches meet the main stem. It is rare, but can be brought about by stress or too strong an application of nutes during the sexing stage and seems to be most common when using humic acid. If you do see a ball pop up it can be removed and the plant will continue on fully female to finish her life. Also, keep airflow and humidity in check during the final few weeks, as the flower density can lead to bud rot in the wrong conditions. **\*
Creme de la Soul F1 x Cosmic Queen F4 Quick Finish 50/50 Sativa/Indica 65-75 days from sprout 1.5-3 ounce average 3 Feminized Seeds Expect medium plants with stout satellite branches reaching up to the shoulders of the main colas. Dense nugs covered in oily resin ranging in smells from red berries and sneakers to creamy grapes, this F1 polyhybrid has a lot to offer! Cooler temperatures can bring on fades of reds and purples, making her an absolute beauty in her final days. She has a balanced physical and mental high, leaning towards the stoney end of the spectrum, and will make for a great evening smoke. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency while keeping the stretch down. Be sure to keep airflow and humidity in check during the final few weeks, as the flower density can lead to bud rot.
Supernatural OG x Cosmic Queen F4 Super Sativa 70/30 Sativa/Indica 75-85 days from sprout 2-4 ounce average 3 Feminized Seeds Expect large, easy growing plants with sturdy branching and individual bud sites running their length, met with a medium cola cluster at their ends, with a large main cola. This F1 poly hybrid is chock full of hazey goodness! Flavors range from effervescent lemon-lime, to heavy juniper laced gin and tonic. The juniper flavors are my personal favorite and tend to kick my ass and get me super stoney, while the citrusy ones are more motivational. There’s a variety of outstanding expressions to be found in these, all on the sativa end of the spectrum. The Cosmic Queen reversal used for this cross was what I consider the super sativa expression of CQ. Tall, stretchy, thinner leaves, incredibly sweet resin, bag appeal, pest and pm resistant with an elongated bud structure that is excellent for outdoors and in. Don’t miss out! Blessed by Hoodoo Moses I
Cosmic Apprentice (No Video)
Wizard’s Apprentice F4 x Cosmic Queen F4 Sativa 75 days from sprout "Ready to get heady? Crossing a big-bodied sativa dominant Wizard’s Apprentice to the rush inducing Cosmic Queen resulted in a whole new variety that will keep your head in the clouds! Large plants with denser buds than Cosmic Queen, an overload of frost, and nostril piercing neon sweet and hazey scents finishing right around 75 days. If you’re into uplifting sativa effects with chunkier buds then she is definitely worth checking out."
Wizard’s Apprentice F4 x Tyrone Stomper F6 Indica 70 days from sprout A long time coming, the Cheech Biggums is sure to impress! Using a heavy Cheech Wizard dominant Wizard’s Apprentice mated to the ever-impressive Tyrone Stomper will produce medium to large, extra vigorous true F1 hybrids with fruity OG gas flavors and an occasional piney/floral expression in a quick 70ish days from sprout. Picture of Post
February Drop Info
Copied from Daz's IG post.
Thank you all for your patience with me these past few weeks. I've been handling a lot of business behind the scenes in preparation for big things next year. 2020 was the year of staying off the radar with most of my big projects and not drawing any unnecessary attention. 2021 is the year of getting licensed and really showing you what it's all about! Thank you for your trust and faith in me during my overly cautious past few months/years. I won't let you down.🙏🌱🦉🌱🙏New photo to autos scheduled for the first half of 2021: Pre '98 Bubba Kush x Auto Skywalker F4 Dosidos x Forum Stomper F4 Purple Punch x Forum Stomper F4 Sunset Sherbet x Forum Stomper F4
Ultimate glossary of crypto currency terms, acronyms and abbreviations
Looking forward to my debate with Giacomo Zucco as always I will be civil and rational. Focusing on the issues, countering any FUD and making strong arguments. Asking for advise from the Bitcoin Cash community, how do you think I should aproach this?
Because of shitcoin promotion and because I thought Gift Cards were an American thing (my bad), I never really tried Bitrefill. Now I have and it's awesome. Bought a Bol.com "Gift Card" (a secret code actually) that I paid for over the Bitcoin Lightning Network. The secret code arrived in my e-mail inbox immediately. Ordered something at Bol.com (the biggest online reseller in the Netherlands) and after inserting the secret code, the correct amount was deducted just like that. I wasn't very well connected to Bitrefill and this was the long route the lightning payment had to take: Bitkoins.nl -> BitKassa LN34961 [LND] -> MiltonPusser.lightningnode.eu -> Bitcoin emBassy TLV -> BLUEIRON-v0.8.0 -> Bitrefill Talking about scaling Bitcoin! Also topped-up my phone, which went smooth as well. Although still a bit indirect, this is a real world use case for the Bitcoin Lightning Network! Edit:it just arrived in the mail
Can we just talk about how crazy the network hashrate is currently ?
We regularly go above 150Ehashs/s now.... I think too many people don't realise that proof of work applied to transaction confirmation/decentralized timestamping is a such powerful idea, even after the halving the hashrate still increases to reach levels never touched before thanks to technical progress in specialized hardware in which miners throw energy they won't use otherwise. The bitcoin token is the best money to buy this hashrate through transaction fees so that you can write what you want in the Bitcoin ledger that is the most legit document the humanity ever created thanks to proof of work (just by reading the blockchain content, you know it is legit document). The price of Bitcoin and the transaction fee market reflect how much people need a legit and unforgeable ledger to settle their contracts. Altcoiner's fud of death spiral because of halving was a complete lack of understanding. Nothing can replace what proof of work and Bitcoin are doing: incentivize the creation of specialized hardware to create the most legit ledger ever made of history.
DITO rockets up 20%, drops 30%, then finishes flat... the Aristocrats! (Wednesday, Oct 7)
Happy Wednesday, Barkada --
The PSE closed down 28 points to 5911 ▼0.5%.
Good news! I have a couple of people who are potentially interested in sponsoring MB, so I'm excited to explore those opportunities. My goal has always been to simply be revenue neutral, and to keep MB free for everyone to enjoy. (inb4 "RAID Shadow Legends" ad) Shout-out to Christine for her suggestion to try and improve the bottom-line of MB by moving from Mailchimp to SendFox. It's something I'm going to look into, but I'm very careful about making changes. I'll have to investigate. Thanks also to Jack_ol_lantern for suggesting ways to leverage my domain to try a "roll your own" alternative, and to nikohd for suggesting I offer a bitcoin donation address. I've got lots to study this weekend! No complaints here, though. Exciting times in MB town.
[UPDATE] ABS-CBN [ABS 9.00 ▼14.93%] confirms distribution deal with Zoe TV’s rebranded “A2Z Channel”... this is just confirmation of the fire that caused the ceiling-play smoke a couple of days ago that saw the ABS stock price rise 50% intraday. According to this press release, ABS-CBN and Zoe Broadcasting Network Inc have made a deal to show “some entertainment shows and movies of ABS-CBN” on A2Z Channel 11, a newly re-branded Zoe Broadcasting Network channel that will broadcast on analog TV in Metro Manila and surrounding provinces. ABS content will start appearing on this new A2Z channel starting October 10.
MB:No details yet on what content, exactly, will be shown, but the wording of the press release is interesting. It mentions “entertainment and movies” specifically, but leaves out politically-adjacent topics like news or analysis/interview shows. The Inquirer is reporting a rumor that “It’s Showtime” and “ASAP Natin ‘To” will be part of the content to make its way to A2Z Channel 11, but that has not been confirmed. Investors will want to watch this closely to see how well ABS is able to monetize this agreement with advertising, and to see how the government reacts as more ABS content moves into this pipeline.
[UPDATE] Wild DITO CME [DITO 6.81 unch], NOW Communications [NOW 4.98 ▲13.44%], and Chelsea Logistics [C 5.90 ▼4.07%] price action in yesterday’s session... the NOW and DITO pump has been massive and constant. But this last week was especially spicy, with yesterday’s session just an absolute gong-show that caused brokerage meltdowns. DITO opened the day at P7/share, up 3% on the previous day’s close, and steadily gained to a high-water mark of P8.02/share (+18%) at around 11:45am. At 11:45am, DITO had a marketcap of P22.5bn. In the next 27 minutes, DITO would lose P7.4bn in marketcap as the price imploded to P5.38/share, swinging from an 18% gain on the day to a 21% loss. Then, over the next 30 minutes, completely erasing that loss and ending the day right where it started, at P6.81/share. 2.09 billion shares changed hands on the PSE yesterday; DITO accounted for 16% of the day’s total volume (355 million shares). The three companies combined accounted for over 28% of all shares traded.
MB:MB: The amount of market uncertainty here is incredible. Traders love it, investors hate it. DITO doesn’t even own DITO Telecommunity, or anything else of material value for that matter, NOW just diluted shareholders with a bearish low-price sweetheart deal, and Chelsea is a company of tugboats and passenger ferries that happens to own a sliver of Dennis Uy’s enigmatic telecom. NOW has a long history of playing the “press release pump and dump” game, and I can only imagine that it’s happy just to be along for the ride, fluffing feathers before a potential IPO by way of introduction. Everyone in the Philippines can sense that connectivity is a bull market, whether that be mobile data (C, GLO, TEL.... then NOW) or broadband (GLO, TEL, CNVRG)...so money just keeps pouring into telco-related stocks. And it makes sense, too, given how few options there are right now on the PSE for anything that looks both pandemic-resilient and secularly profitable. But some of these things are not like the others. Some of these things will crush it, and some will not. Be careful trading telcos that you remember whether you’re being a trader (short term) or an investor (long term). Don’t start out as a trader, forget to place stops, then wind up as an investor with an investment that’s underwater. BE CAREFUL. EDIT: Also, COL Financial, get your act together. You blew AREIT and MM, and you blew yesterday's Telecommotion. At this point, traders/investors should not make plans in reliance on COL Financial's execution of a buy or sell trade.
MB is posted to /PHinvest every Monday and Wednesday, but my newsletter goes out daily. To stay in the loop for daily email delivery, please join the barkada by signing up for the newsletter, or follow me on Twitter.
You'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. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited 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. You can even run a node on a Raspberry Pi.
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 scaling - On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security).
Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) 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.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use 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 bitcoins
With 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, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini 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.
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 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.
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".
Where can I spend bitcoins?
Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
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 /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. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You 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.
The 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.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
one bitcoin is equal to 100 million satoshis
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
100,000,000 per bitcoin
smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For 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 /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. Note: 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!
Just sign up and let Root track your driving for 2-3 weeks.
Root is a insurance company. They are paying out between $25 - $50 just to get a free quote from them. Purchasing insurance from them is not necessary. During sign up, deny you are looking for insurance during the signup process so they can allow you to take the test drive. You will drive around in your car like you normally would for 2-3 weeks. Root will then decide to give you a free quote or not. You only get between $25 - $50 from them and a payout from me if you are able to get an insurance quote.
Just answer some questions and get a free insurance quote from Noblr. No purchase needed.
This is an extremely easy process. Go through the questions they ask you and get to the "Buy Policy" screen. You should receive an confirmation email with your quote shortly after reaching that screen. You will get another email containing your $25 amazon gift card within 4 weeks. Only residents from Colorado, Texas, Ohio, or Arizona are eligible for a Noblr quote. You also need to have at least 7 years of driving experience.
Trade $101 of crypto and then immediately sell back the crypto if you want. $25 in bitcoin will be added into your account within 3 days of trading a minimum of $101 in crypto. You will be able to withdraw your deposit and your $25 bonus once they are processed.
🔥Not your keys, not your coins : Why you should not use Paypal for Bitcoin
Today, PayPal announced that they will be launching a cryptocurrency digital wallet for buying, selling and storing Bitcoin, Ethereum, Bitcoin Cash and Litecoin. This confirms rumors which circulated earlier this year, and it is seen as a significant milestone by many in the community. A milestone it may be, but it will impact millions of daily users who have, until now, never considered getting into cryptocurrency. For them, PayPal will be the leading authority in a space that it has long sought to discredit. Over 221 Billion dollars were transacted in Q2 of 2020 using Paypal. That represents a rise of 10% in volume in just six months. PayPal is growing and dominating online payments as well as other services such as credit and insurance. It has a long-established reputation of occasionally freezing user funds and censoring payments that conflict with its outlook but the payments giant continues to hold relevance where Bitcoin should have long overtaken it. Perhaps this news marks the beginning of a transition? Is PayPal’s announcement good news for Bitcoin? Until very recently, PayPal was anti-crypto. Writing in 2018, ex-CEO Bill Harris called Bitcoin “the greatest scam ever”, so what’s changed? This sudden turnaround is encouraging, especially as private companies like Microstrategy and Square make grandiose announcements about their own crypto diversification. Should the community embrace them with open arms? After all, this is the start of mass adoption we’ve all been waiting for, right? When a household brand like PayPal starts selling Bitcoin, it’s probably not because they want to spur healthy adoption. In the press release announcing their new cryptocurrency service, PayPal sends out mixed messages. On one hand, the service will be entirely custodial, meaning users will not have the key to their own coins, while on the other they intend to “provide account holders with educational content to help them understand the cryptocurrency ecosystem”. The idea that anyone informed about bitcoin would agree to not holding their private keys might indicate that this educational content will overlook the fundamental rule of “Not your keys; not your coins”. If millions of newcomers are onboarded to Bitcoin by PayPal, there could be a very serious information gap that jeopardizes their experience and undermines key principles of cryptocurrency. This statement from their FAQ is, in practical terms, false: “You own the Cryptocurrency you buy on PayPal but will not be provided with a private key.” No-one should consider money held entirely by a third party as owned by them. Time after time, exchanges have lost user funds, often leaving them with no recourse. A benefit for some will be a promise of greater regulation, where funds can be insured and new users may feel more comfortable than dealing with cryptocurrency exchanges directly, but they will be restricted from actually utilizing their coins. The only reasons to own Bitcoin which cannot be used, would be to invest for the long term, which is incredibly reckless to do when your funds are held by a third party, or speculate on its price, which again, would be introducing the masses to financial mechanisms they do not understand. Is PayPal positioned to be a cryptocurrency leader? As it steps into the forefront, PayPal will be closely watched by companies, institutions, and consumers. While they can boast of “digital payments expertise”, they have historically taken an aggressive stance against users who bought cryptocurrency on exchanges, citing their acceptable use policy, forbidding transactions which “involve currency exchanges or check cashing businesses”. The fact that this clause remains in their policy suggests that they intend to limit users to use only their platform for cryptocurrency, stifling competition and preventing users from ever withdrawing their cryptocurrency to the safety of a wallet they control the keys to. That said, there is something to be said for PayPal’s statement that they will “enable cryptocurrency as a funding source for digital commerce at its 26 million merchants”. Currently, the options for cryptocurrency funding are in their infancy, and Bitcoin loans could see future growth. There is only one thing about PayPal’s announcement that long-term hodlers will be celebrating today: the pump in price. Long-term, if PayPal proceeds without consulting the community and letting their users control their own keys, it offers no value to the space. The greatest risk is that the clout they carry in traditional electronic payments will be interpreted as expertise in crypto. This would threaten the expert advice so carefully crafted by our community, which could be drowned out by the misinformed masses that PayPal brings to the space. For now, no-one can tell how it will turn out, but there are big concerns to address before informed users will turn to PayPal. Welcome PayPal’s initiative with open arms, but by no means look to them for leadership. At best, this announcement indicates that they may fear sinking into irrelevance. *Do not use PayPal for Bitcoin; there are many other places to buy crypto which will let you keep ownership of your coins. * PayPal is conceding to Bitcoin, and the many other aspirational, educational projects within the community should be highlighted to prevent newcomers from falling into a trap of trusting one of Bitcoin’s greatest long-term adversaries. Source : https://blog.trezor.io/why-you-should-not-use-paypal-for-bitcoin-f6e2d436ca96
Instacoin UK - Last Chance (up to end of Oct) to get a free £10 worth of Bitcoin (same day) for £100 Bitcoin purchase
Instacoin UK , a popular cryptocurrency exchange, are updating their referral scheme from 1st November 2020. The referral amount will be adjusted to a £5 bonus for any purchase over £50. Currently it is a £10 bonus for any purchase of £100 or over. Instacoin UK is a website which allows you to purchase Bitcoin with your Visa / MasterCard or via a bank transfer. They have been around a while used by lots of beermoneyuk users already. Instacoin UK are going to honor the £10 bonus scheme for any new customer signing that sign up and purchase £100 of Bitcoin or over until the end of the month. You get the free £10 worth of Bitcoin immediately after purchase! The whole process (including receiving your £100 back in your bank account) should take less than an hour. The Process Sign up via my referral link. Referral link: https://instacoin.uk/ref?code=54C9787 £10 bonus Non-refferal link: https://instacoin.uk/ No bonus Steps:
Sign up with the referral link above
Verify your account (driver's licence, passport or gov issued I.D)
Click buy at the top of the dashboard and select BTC, with a purchase amount of £100
Enter the Bitcoin wallet address you want the money paying to.
Pay using by Visa / MasterCard or bank transfer.
You're done! The £100 of BTC will reach your bitcoin wallet usually within 15 minutes or so.
The £10 bonus you receive in the form of a code in your email after the £100 of BTC is sent. Click the email link, enter the code, provide your wallet address again and you'll receive your £10 of BTC for free :)
Once the £110 worth of Bitcoin is in your wallet you are free to do whatever you want with it. I sent mine to my BlockFi account for savings. You can also get an additional £10 reward for every person you refer up to the end of the month, after this it is £5! Any referral bonuses are given to you at the end of the month). Let me know if you have any questions. UPDATE 24.10.20: There is some confusion about the referral amount as being £5 or £10. InstaCoin UK have confirmed That is you sign up with an exsisting customers link (like mine), and complete a £100 purchase before the end of October, you will receive £10 in free Bitcoin credited to your account. My Referral link for the free £10: https://instacoin.uk/ref?code=54C9787 UPDATE 28.10.20: Here is a copy of the email I have just received from InstaCoin. I can verify that the mempool is super busy at the moment:
We have received a number of support tickets regarding the delay in BTC confirmations. Rather than reply to everyone individually we would like to address this issue as a whole and give a quick explanation to all our users about why this is occuring: Sometimes, for a variety of reasons, there will be a spike in the number of BTC transactions that are waiting to be confirmed. That will cause a delay in confirmation times, and increases the price of fees required for a transaction to be included in a block. You can see the current number of unconfirmed transactions here: https://www.blockchain.com/charts/mempool-count?timespan=1week. Transaction fees directly influence how long you will have to wait for transactions to confirm. At InstaCoin, we broadcast all our transactions with a Regular fee. This fee is covered on our side. It is usually around 0.0001 BTC or £1. Up until the last few days, there has never been an issue with confirmation times. With a high priority fee, it is likely that transactions will get confirmed quicker by miners. Currently, we are looking at a 0.001BTC/£10 fee to push through transactions at a normal rate. As you can imagine, this is not an expense InstaCoin can cover and we also believe our users would not want to pay this fee either. We believe the best solution is the one we are currently employing. The delays are frustrating and we feel that frustration too but the current mempool (waiting room) is unprecedented and we will return back to normal ways soon. The important takeaway we want our users to have from this is that, from our side, the BTC is sent out instantly to your wallet and usually this would get confirmed in a short space of time. At this moment things are taking a bit longer, but the end-point is that you will 100% receive this BTC eventually.
Also remember to complete your sign up and deposist before the end of the month to be certain of getting the free £10 in Bitcoin. My sign up link again is: https://instacoin.uk/ref?code=54C9787 Sign up code: 54C9787 If you have any questions just let me know.
Ledger Live adds Coin control: Here's why that matters.
Ledger Live version 2.11.1 (download link) adds Coin control for power users. The coin control feature gives advanced users more granular control over their wallets. It enables them to change how and which coins are selected when making transactions. This increases their ability to manage their privacy and the network fees they will have to pay to spend their account balance. More control over your coins
How does it work?
The account balance for Bitcoin and its derivatives consists of all the unspent transaction outputs (UTXOs) in the account. You can think of UTXOs as the coins in a regular wallet. When you receive money, you collect coins in your wallet. Then, when you want to make a payment, you get to choose which coins you pick from your wallet. Do you pick the largest coins first? Or do you want to spend all the smaller value coins to lighten up your wallet? Similar considerations can be made when creating a Bitcoin or Bitcoin derivative (altcoin) transaction. Before the Coin Control feature was released, all transactions involving Bitcoin (and altcoins) automatically selected their coins using the First-In-First-Out (FIFO) algorithm. This strategy includes the oldest coin in the account, and when the amount is not sufficient the second-oldest coin is added, and so forth. As of Ledger Live version 2.11.1, users are able to make use of a dedicated Coin Control tool to choose the coin selection strategy and the coins that may be spent.
Click on Send, choose an account to debit, and enter a recipient address. Click on Continue.
Enter an amount and click on Advanced options. You will then see: - The currently selected, default coin selection strategy: Oldest coins first (FIFO). - A toggle to enable Replace-By-Fee (RBF). - A toggle to include coins from unconfirmed, replaceable transactions.
Click on Coin control. The coin control modal opens.
Select a Coin selection strategy from the dropdown menu: - Oldest coins first (FIFO). This is the default strategy that spends the oldest coins first. - Minimize fees (optimize size). This strategy tries to minimize the byte size of the transaction by spending the lowest number of UTXOs. This results in a low network fee. - Minimize future fees (merge coins), This strategy includes the maximum number of inputs so that a potential future price rise does not make smaller UTXOs economically unspendable. If the price of a crypto asset increases too much, small UTXOs may become worth less than the cost of the network fees to spend them.
Select which coins may not be included in the selection by unticking their checkbox. The SELECTED indicator shows which coins will be included in the transaction. By changing the selection strategy and/or coins to include, the user has precise control over which coins end up being spent. The Coins to spend and Change to return indicators show how much is spent from and returned to the account.
Click on Done to return to the Send flow to verify and send the transaction.
The following statuses can be displayed for a coin:
Coins received in a transaction with 0 confirmations without RBF enabled: PENDING
Coins received in a transaction with 0 confirmations with RBF enabled: REPLACEABLE
Coins received in a transaction with 1337 confirmations: 1337 CONFIRMATIONS
By enabling the toggle Include coins from unconfirmed, replaceable transactions, replaceable transactions can be selected in the Coin control screen.
The Privacy use case
One of the main use cases for Coin control is to protect one’s privacy. UTXOs are, unfortunately, not perfectly fungible due to their unique history on the blockchain. Therefore, users may want to spend coins from different sources without mixing them together, because this would indicate to an outside observer of the blockchain that these addresses belong to the same account. For instance, if one were to spend coins bought on a KYC exchange, which are associated with the user’s identity, together with coins bought anonymously using cash, the anonymous coins could be linked to the user’s identity. Another example would be that you would like to prevent spending a high-value coin for smaller purchases because this would unnecessarily show the person you’re paying how much you have. This is similar to not showing the boulanger how much is on your bank account when buying a baguette.
Let us know what you think!
We are excited to release this new feature because we think it will fulfill real needs of an important part of our users. This version of Ledger Live marks an important milestone, but we will continue working on more features that our community wants. So, we invite you to try out Coin control in Ledger Live and let us know what you think! All feedback is welcome on this thread, on ledgerwallet, and you can send suggestions or get help through our official contact form. We'd like to close out by underlining our commitment to the Bitcoin community, and our willingness to build the best wallet ecosystem for newbies as well as for power users.
I sent a small amount of coin (less than 10$) and paid about 2.50$ in fees or about 1/3 of the total amount and I am still at 0 confirmations after 4 hours. How is this even possible? I don’t think I’ve ever paid this high a fee in my life using bitcoin and have never had to wait longer than like 2 hours for a couple confirmations to pop up on the blockchain Bitcoin Price Today. ALL FEATURES. Now you can mining free Bitcoins up to 1 Bitcoin, this is the easiest way to get free Bitcoin. Giving you access to the best tool for BTC mining online. 100% Security. Our software is 100% security and it uses the newest technologies for mining bitcoin. Extremely Affordable. Perhaps the most affordable software on the market. Simple and very easy to use ... 18 votes, 66 comments. hello all. is it normal if i send bitcoins from coinbase and there are 0 confirmations in 2 hours? i‘ve checked the receiver … At this point the chances of your transaction being invalidated are less than 0.1%. New blocks are added to the blockchain through the mining process, which is needed to secure a network and process a Bitcoin transaction. The bigger the value of the transaction, the more confirmations you should wait for as this helps to safely verify a transaction has taken place. For example, commentators ... Payments with 0 confirmations can still be reversed! Wait for at least one. 1. One confirmation is enough for small Bitcoin payments less than $1,000. 3. Enough for payments $1,000 - $10,000. Most exchanges require 3 confirmations for deposits. 6. Enough for large payments between $10,000 - $1,000,000. Six is standard for most transactions to be considered secure. 60. Suggested for large ...
Bitcoin Latest News Segwit is Activated Fast Confirmations Bitcoin Price Going High
This video demonstrates the speed and ease in which a bitcoin transaction can take place. The security is set to 0 confirmations so that its near instantaneous. This is useful for low priced ... In this video we talk about what 0 confirmation actually means, various ways someone can perform a double spend, and why merchants should set several confirmation payments. *Time Stamps* 7:06 ... Close. This video is unavailable. This area on the the Bitcoin charts is the area to watch! Especially in a shorterm btc price downtrend. Bitcoin bull market may be sooner than most think as btc trades sideways. URGENT BITCOIN PRICE UPDATE: All the BTC news today revolves around the current crypto dip. Altcoins are following the btc price retracement in a moment of v...