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Messages - taera249

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1
Bitcoin Forum / Re: how bitcoin change our life?
« on: February 13, 2018, 06:56:13 AM »
It definitely took a big bit out of my spare time as bitcoin and the whole concurrency thing was my big project in 2017. So yes it changed the websites  I read, but it is still a hobby and not super life changing for me.

2
Bitcoin Forum / Re: Is bitcoin a must asset according to today's scenario ?
« on: February 13, 2018, 06:54:45 AM »
Nothing is a must asset and I believe the importance of BTC is often overstated within the communicability. Good think for  cryptocommunity.

3
Bitcoin Forum / Re: Is bitcoin replace?
« on: February 13, 2018, 06:53:45 AM »
There is no replacement of Bitcoin today if you want change then go for other currency.

4
Bitcoin Forum / Re: Is bitcoin too much danger right now ?
« on: February 13, 2018, 06:52:24 AM »
Cryptocurrency is a new think for future cryptocurrency.

5
Bitcoin Forum / Re: Bitcoin effects on the environment .....
« on: February 13, 2018, 06:51:34 AM »
Bitcoin is affect of real currency so its risky.

6
Bitcoin Forum / Re: Is Bitcoin dangerous?
« on: February 13, 2018, 06:50:39 AM »
All cryptocurrency are risky. You have to decide what you like to do.

7
Bitcoin Forum / Re: Bitcoin Vs other cryptocurrency ?
« on: February 13, 2018, 06:48:50 AM »
other cryptocurrency also comes after bitcoin. so invest in it.

8
Bitcoin Forum / Re: Should I invest in Bitcoin right now ?
« on: February 13, 2018, 06:47:35 AM »
This is not right time to purchase for people.

9
Bitcoin Forum / Re: Is bitcoin risky ?
« on: February 13, 2018, 06:46:43 AM »
Some time bitcoin is good and bad if price going down and you purchase it that time its bad & when price low and you purchase and it go up that time its good for me.

10
Bitcoin Forum / Re: Bitcoin will go under 1k $?
« on: February 13, 2018, 06:44:19 AM »
Now a days its going low but in future its going up again.

11
Bitcoin Forum / Re: What people will think about the Bitcoin ?
« on: February 13, 2018, 06:42:46 AM »
Bitcoin is a coming future of digital currency.

12
I think its going up again in this year end soon.

13
Since i highly underestimated the amount of work and potential stress of a groupbuy i decided i will create a post for everyone who goes with the thought of starting a groupbuy on its own. I will describe what you have to await so you see this more correctly.

Firstly, i started a groupbuy for avalon asic chips Generation 1. Our groupbuy bought 5.6 batches, totaling 4816BTC. We had exactly 300 members involved.

The first thing i thought is that it wont be much work. The biggest work will be the packaging of the chips. Highly wrong. In fact the packaging is something that can be done in a couple hours. Which is a tiny fraction, not even worth to mention. But a groupbuy will mean to you work of 2-6 hours each day, 7 days a week and for me now unbelievable 4 months long (didnt notice this till now). Very seldom only 1 hour a day. You have to stay in contact with your groupbuyers. Nothing is worse for the situation than a groupbuy organizer that doesnt get back to the members. You can await that very fast rumours appear and fears lead to a doom loop that goes in a direction no one wants. Im sure you saw such groupbuys already since there are groupbuys of all kinds on bitcointalk.

Saying that... support is the biggest part of work. Up to 100 pm's each day are common most of the time, if nothing happens for some days you might only get around 20 a day but its seldom. Luckily i can type machine so im fast writing. If you cant it might take you even more time.

You need to be able to maintain a correct dataset. In my case i used a calc sheet of open office. Calc can greatly lower your work amount with automatic formulas and so on. For example i let calc create automatically forum topic, status text and order tables in bbc-code. It would have been a hell of a lot more work otherwise without this help.
Keep sure this data is protected. Backups is something you need very much since you deal not with your own money, its others people money. Even when you dont make backups for your own, at this point you have to when you dont want to risk real trouble.

Before starting a groupbuy make a set of rules. Its easier for you when you can point to explainations this way and it makes the rules clear for both side. The same goes for the fee you take, shipping cost and so on.

You need to specify refund rules. This topic will appear for sure and you need to be prepared. And according to my experience it might happen that everything stops for a reason you cant change and everyone wants his bitcoins back. Its best you have a rule prepared for that case so that you dont sit on the costs and work you had.
If something goes wrong (miner arent worth much anymore because of difficulty rise, seller did something wrong) and you werent fully in contact then await to be the one that was the reason for the problems. My members didnt say that luckily and i constantly was in contact but there might be others outside of the groupbuy that dont bother if you did it. Be prepared to be the one that lured them into buying and planned everything to scam in order to earn money. They simply search a scapegoat because some people cant simply search the error in their decision. It probably cant be changed since you cant be everywhere in each forum thread. So better stay in touch to prevent the doom loop i mentioned above. You dont want get this developed in a shitstorm without real base.

Important point... dont underestimate the legal problems. If as private groupbuy or as a business, the rules are different but there are possible problems that can really make you trouble in real life. Keep sure you thought everything through. I wont go into detail though. In case you want to start a groupbuy and want to know what i mean ask me via pm.

If youre unlucky you have a seller that isnt communicating. That doesnt only bring you much stress because you are the connection between your members and the seller. You get all the possible anger so you can transfer it to the seller. And what do you do when the seller isnt reacting? You collect this in form of stress. In my case i then started to try every way of contact and had to put a lot of time in it. At the end i had to give up realizing there wont be an answer.
I only want to warn you that this can happen.

It might get even worse. What if all was a scam? When the seller took the money and ran? Im not a lawyer but you better didnt do this as a company but instead as a private person that only ordered with its friends a bigger thing. Otherwise you would be the one taking all the loss. But like i said, im not a lawyer, maybe im wrong.
You might even think of rules regarding the case of scam happening. Its always better you have something to point at in case something unawaited happens.

Shipping, like i said, is something that doesnt really cost much time. I didnt ship the actual chips but many shipments with sample chips. Its not much time involved compared to the real time. You might use electronic stamps to speed up the process or similar things.
While we are at shipping. If its special hardware you need to make sure you can provide correct shipment. In my case buying pakets, antistatic bags, antistatic workplace to not hurt the chips, bubble foil and more. Be prepared since most probably time isnt something you will have much when the products were delivered to you.
I had to search a import company to solve some potential problems. To make sure that it will run correctly i travelled to the company and signed a contract to make sure i dont risk the bitcoins of other people because otherwise it would have been my problem.
I only say this to tell that such unawaited things happen too.

Next thing is information collecting. In case you need more infos, for example email, billing address, refund yes or no and so on, you have to collect them to move on. I had to do this several times. If you need that info its not enough to make a post. The response will be very low. You need to create pm. You can send 20 pm with one pm. For example let calc create you ready made lines like "username", "username2", that you can copy into BCC(Blindcopy)-Field so that no other member see the other receivers in case you offered anonymity of some kind. Theres a 120 PM limit per hour at the moment. Only if you do this you can hope to get the needed info in the next days. But even then you will miss 25%. Those remaining infos can come in slowly in weeks or months for mostly good reasons. Sometimes you dont get it at all.
But you will have again much work with it. Especially when you need the info to move on and have to remind often.

My personal result of the groupbuy i did is... my wall to break to do something like that again is huge. The reward is not even close to the stress and work that has to be done. Its really a full time job like someone said before. Luckily i was able to stop my normal work for other reasons, so i found this time. It would have been not be possible for me to do this properly otherwise.
A good result is on the other hand that people learn to know you. After you did this they know if youre trustworthy. Since trust is everything in bitcoin + the Net this is something valuable for sure.

I hope i could help someone with my experiences who thinks about making a groupbuy. Wink

14
1. Obey the overall rules of this forum.

2. This section is for BITCOIN MINING and related discussion ONLY. All bitcoin forks and alternate cryptocurrencies and discussion of them should be directed to a dedicated forum for those, or one of the altcoin subforums on this forum. All discussion regarding them will be moved without warning to the altcoin sections. If your topic is related to multiple currencies, then unless it is primarily about bitcoin it will be moved. Even if it is about sha256d mining but not about bitcoin it will be moved. BITCOIN mining is done today ONLY with ASICs, and any discussion of mining with CPU, GPU or FPGAs will be moved to the altcoin mining section.

3. Mining BITCOIN is done exclusively with dedicated BITCOIN mining hardware based on ASICs - https://en.wikipedia.org/wiki/Application-specific_integrated_circuit . You CAN NOT meaningfully mine bitcoin today with CPU, GPU or even FPGAs. Bitcoin difficulty adapts to match the amount of mining done on the network and has reached levels trillions of times too high to mine meaningfully with PCs, laptops, tablets, phones, webpages, javascript, GPUs, and even generalised SHA hardware. You will not find software in this section to help you mine bitcoin in this absurdly inefficient manner in this subforum. It would cost you thousands of dollars in electricity per year to earn only a few cents in bitcoin. Even if you combined all the computers in the world, including all known supercomputer, you would not even approach 0.1% of the bitcoin hashrate today. Any discussion outside of ASIC related mining, except in the interests of academia, will be moved to the altcoin mining section. There isn't any point attempting to mine bitcoin with CPU or GPU even in the interests of learning as it shares almost nothing with how bitcoin is mined with ASICs and will not teach you anything.

TL/DR Summary:
 - You CANNOT meaningfully mine bitcoin with your PC or laptop no matter how powerful it is.
 - You CANNOT meaningfully mine bitcoin with your tablet or phone no matter how powerful it is.
 - Mining apps for your phone or tablet that claim to mine bitcoin are almost certainly scams.
 - You CANNOT find software here to mine bitcoin with your PC by itself.
 - You MIGHT be able to do one of the above with altcoins, but such discussion goes into the altcoin mining section.
 - You CANNOT find or post software here to mine on other peoples' PC without their permission.


4. Use the subforums as much as possible:

Mining support - This is for all questions regarding understanding the process of BITCOIN mining, and any issues with setting up hardware, configuration issues, stability issues, etc. Where hardware has a dedicated support thread by the manufacturer or maintainer of the hardware, there will be a post in the hardware subforum so please use that first. CPU, GPU and FPGA mining support will be moved to the altcoin mining section.

Pools - This is for all questions and discussion regarding BITCOIN pools, their operation, support etc. Where a pool has a dedicated thread from the owner, admin, or support staff of the pool, please use that. If the pool has a self moderated thread, then you are allowed to create your own personal thread to discuss those pools to not be prone to censorship by the pool owner/admin. Altcoin pools will be moved the altcoin pool mining section.

Mining software - This is for all posting of new BITCOIN mining and mining related software, pool software, proxies, controllers, monitors, web page design, apps etc. Discussion of software for education purposes to understand mining related functionality can go here. All altcoin mining related software will be moved to the altcoin mining section. No trojans, botnet, web page miners etc. are acceptable here - threads will be removed without warning and posters banned.

Hardware - This is for dedicated discussion regarding BITCOIN mining hardware ONLY and hardware in development. There should be only one topic per new piece of hardware, preferably started by the creator of the hardware, and they can then provide support for that hardware on that one thread. Where hardware has no manufacturer representative on this forum, the thread can be started by anyone but all discussion should remain in the one thread. If the manufacturer has stared a thread but it is self moderated, then you are free to create your own personal thread to discuss that hardware and avoid the manufacturer's censorship, but discussion of actual support should go in the Mining support subsection.

  Hardware - Group Buys- This is for coordination of BITCOIN mining hardware group buys ONLY. Threads can be created by the initiator of the group buy or expressions of interest, or discussion of existing group buys if a moderated thread exists elsewhere. It is NOT for selling hardware. All altcoin mining related group buys well be moved to the altcoin section.

 Mining speculation- This is where all BITCOIN mining related opinion discussion goes. Opinion means mining related speculating about new hardware, difficulty, economic effects, profit estimates, requesting opinions, asking for hardware recommendations etc. All altcoin mining related speculation will be moved to the altcoin mining section.

 Anything else that does not belong into one of those categories above, such as mining related offtopic discussion can go into the top mining section, but it must be BITCOIN mining related. Non mining offtopic discussion will be moved and non bitcoin mining discussion will be moved to the altcoin mining section.

5. Mining altcoins, even if you get paid in bitcoin, does NOT amount to mining bitcoin. Ethereum is NOT bitcoin. Monero is NOT bitcoin. Litecoin is NOT bitcoin. Bitcoin cash is NOT bitcoin and so on. Any discussion regarding mining anything NOT BITCOIN will be moved to the altcoin mining section.

6. All virtual mining - such as cloud mining, purchasing hashrate etc. is a service and NOT bitcoin mining. Discussion regarding cloud mining, contracts, hosting services, renting hashrate etc. belong in the economic services subforum and not the mining subsection.

7. Scam accusations belong in the economic scam accusation subforum, even if it is bitcoin mining related.

8. Mining hardware for sale or wanting to buy goes into the "economy - computer hardware" subforum. Mining hardware that is for mining altcoins belongs in the altcoin mining marketplace forum.

Threads that have been redirected to another subforum will be done silently if there is only an opening post. Any threads that have been redirected after some responses exist for that post will get a redirection thread message where they were originally posted to make it easier to find for followers of that thread
   
Primary developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org 1% Fee Solo mining at solo.ckpool.org
-ck

15
Referral Links / Get Free DTA
« on: January 25, 2018, 04:59:27 PM »
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