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found my old btc only 2.2 though
Can someone recommend an online wallet and the best way in the US to cash out those bitcoins and get the money in my bank account?
I don't like keeping bitcoins on my computer because if something unforseen happens, they're gone. I've had it happen once and my backup failed me. So I prefer to store them in an online wallet.
Can someone recommend an online wallet and the best way in the US to cash out those bitcoins and get the money in my bank account?
I don't like keeping bitcoins on my computer because if something unforseen happens, they're gone. I've had it happen once and my backup failed me. So I prefer to store them in an online wallet.
NO ONLINE WALLET!!!
jeebus people
Just put a password protected, encrypted zip file of your wallet.dat file in cloud storage somewhere.
Do I have to do that every time bitcoins are added to it? I assume so.
no, you can add to an address without resyncing it
you only have to sign a transaction to spend
So as of today, November 18, is bitcoin or litecoin mining still a worthwhile investment considering the cost of building a multiple GPU pc? I've pondered the idea of going for it but never did.
So as of today, November 18, is bitcoin or litecoin mining still a worthwhile investment considering the cost of building a multiple GPU pc? I've pondered the idea of going for it but never did.
Do I have to do that every time bitcoins are added to it?
I open the wallet but it takes days to sync. Before the coins are sent somewhere to cash out is it going to wait days for the sync to complete? I don't want to miss out on selling some coins at a good price if it takes that long to run when I open the wallet.
So back to my original question, how do you cash out? Where do you send your bitcoins that can give you cash in your bank account for them?
coinbase will do that
EDIT: and to those saying they want to use online wallets or they think they need flash drives, get Armory, it lets you print out your private key quickly and easily and re-import it just as easily. It also doesn't have to keep up with the bitcoin network like bitcoin-QT does, OTOH, its third party. You can dump your private key from the official client using the debug console if you don't want to deal with third party wallets, but the official wallet takes up north of 10GB now as it has to download the whole blockchain.
Note, one should make this address/key on a livecd on a computer not connected to the internet with no writable media attached for maximum security. When you want to spend your bitcoin later, you can just import the private key on a computer that is online, spend what you want, make a new address the same as before, and send your remaining balance to it.
I'm messing around with a GTX Titan on FTC mining right now to see what kind of hash rates I can get out of it. So far, the max I've reached is 460 kH/s using CudaMiner (1150mhz core clock). If it didn't consume so much power, as in like over 350W while mining at that core frequency, it wouldn't be too bad of a miner.
rofl....that's horrible cost/performance...When I was in the game, 7950s would get you 550-650Kh/s while using no more then 225w though im willing to bet consumption is far below that.
bwahaha...just looked at costs...Newegg has 7950s for $240 and Titans are $1000....so your looking at (7950 stock vs your OC) 17% more performance in mining with a 7950 at 76% less up front cost.
So theoretically, with a site like Coinbase you could buy a few bitcoins, wait for the price to double, then cash out for huge profit? What am I missing? The price has tripled this month alone...
Yeah, just looking over the history I see the price is very volatile, especially this month.You are missing the unpredictable aspect of this.
Yeah, just looking over the history I see the price is very volatile, especially this month.
the radeons I have (290x) only have dvi d.
Anyone know how I would use a dummy plug or something so that the second one can mine?
the radeons I have (290x) only have dvi d.
Anyone know how I would use a dummy plug or something so that the second one can mine?
I've been so focused on SHA-256 mining for the past half year that I neglected to check out hash-rate/$ of other alt-coins. I am shocked at how profitable it is to mine Litecoins!
wow!
Definitely something I need to look further into. What are some effective Litecoin mining setups out there?