Anyone knows what happened to http://bitstore.com.my/?
Bitcoin Thread v1, and other cryptocurrencies
Bitcoin Thread v1, and other cryptocurrencies
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Dec 28 2016, 09:00 PM
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Junior Member
428 posts Joined: Jun 2007 |
Anyone knows what happened to http://bitstore.com.my/?
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Dec 28 2016, 11:25 PM
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Senior Member
1,865 posts Joined: Jun 2008 |
QUOTE(sense_less143 @ Dec 28 2016, 09:00 PM) Interesting......it's down and no longer available, and even the main domain www.bitstore.com is up for leasing.I guess the company is bust? |
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Dec 29 2016, 08:47 AM
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All Stars
15,192 posts Joined: Oct 2004 |
QUOTE(sense_less143 @ Dec 28 2016, 09:00 PM) QUOTE(wengherng @ Dec 28 2016, 11:25 PM) Interesting......it's down and no longer available, and even the main domain www.bitstore.com is up for leasing. How about investors' fund?I guess the company is bust? |
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Dec 29 2016, 02:13 PM
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Junior Member
166 posts Joined: Apr 2016 |
Just transferred my coins from CoinBox to Bread Wallet though the transfer take about 20hours.
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Dec 29 2016, 02:14 PM
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Junior Member
166 posts Joined: Apr 2016 |
By the way, what is the best price to sell?
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Dec 29 2016, 10:45 PM
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Senior Member
1,865 posts Joined: Jun 2008 |
QUOTE(TheConqueror @ Dec 29 2016, 02:14 PM) It'll take plenty of shamans and crystal balls to come up with that answer...... Seriously, though, many financial experts and analysts (except the naysayers) are recommending to hold, instead of sell. We haven't seen the end of this bull run yet, I dare say. |
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Dec 29 2016, 10:47 PM
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Senior Member
1,865 posts Joined: Jun 2008 |
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Dec 29 2016, 10:53 PM
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Senior Member
1,865 posts Joined: Jun 2008 |
QUOTE(jack2 @ Dec 29 2016, 08:47 AM) Who knows......Perhaps, like BitX, they gave sufficient notice to all their investors to either withdraw or transfer out their bitcoins before the website closed down. But, technically speaking, if they didn't alert anyone and just suddenly closed down one fine day, I suspect all the funds would then be lost to the investors, and into the company owner's pockets, because they are the ones holding the private keys for the investors. Letting an exchange site have control over your private keys is something akin to giving your physical wallet and cash to some stranger on the street, and basically just hoping that he'll still be there the next day and not run off with your money. |
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Dec 31 2016, 11:17 AM
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Junior Member
194 posts Joined: Nov 2008 |
Helo I'm new to bitcoin. Where can I buy bitcoin mining hardware in Malaysia. Would like to try mining in small amount.
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Dec 31 2016, 05:23 PM
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All Stars
11,954 posts Joined: May 2007 |
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Jan 1 2017, 01:47 AM
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Senior Member
1,865 posts Joined: Jun 2008 |
QUOTE(jun6065168 @ Dec 31 2016, 11:17 AM) Helo I'm new to bitcoin. Where can I buy bitcoin mining hardware in Malaysia. Would like to try mining in small amount. With so many large scale miners worldwide, especially in China and northern Europe, I'm not sure individual mining is really a profitable endeavor anymore these days. |
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Jan 1 2017, 10:14 AM
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Junior Member
194 posts Joined: Nov 2008 |
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Jan 1 2017, 03:23 PM
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Senior Member
1,865 posts Joined: Jun 2008 |
QUOTE(jun6065168 @ Jan 1 2017, 10:14 AM) Well, initially mining was good business, but the beauty of the bitcoin technology is that it is self-regulating, so as more and more miners jumped on the bandwagon, with increasingly better, faster and more sophisticated hardware, causing the collective computing power of the blockchain to increase tremendously, the algorithm has adjusted itself to be exponentially more complex to solve, meaning you'd need really serious hardware.Now, if you want to compete with these high tech miners, you'd need very expensive hardware (think tens of thousands of RM) running 24/7 just to have a serious chance to compete, and most likely, the returns you get is not even worth all the electricity bills you'd be paying throughout the year. Now the competition is even more intense after the halving that happened this year. It's not impossible, but think very carefully before you decide to go down this path. Otherwise, the "easier" path to take is the trading or investing path, i.e. buy and sell. |
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Jan 1 2017, 03:27 PM
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Junior Member
194 posts Joined: Nov 2008 |
QUOTE(wengherng @ Jan 1 2017, 03:23 PM) Well, initially mining was good business, but the beauty of the bitcoin technology is that it is self-regulating, so as more and more miners jumped on the bandwagon, with increasingly better, faster and more sophisticated hardware, causing the collective computing power of the blockchain to increase tremendously, the algorithm has adjusted itself to be exponentially more complex to solve, meaning you'd need really serious hardware. Ah alright thanks for the info. Will take into consideration.Now, if you want to compete with these high tech miners, you'd need very expensive hardware (think tens of thousands of RM) running 24/7 just to have a serious chance to compete, and most likely, the returns you get is not even worth all the electricity bills you'd be paying throughout the year. Now the competition is even more intense after the halving that happened this year. It's not impossible, but think very carefully before you decide to go down this path. Otherwise, the "easier" path to take is the trading or investing path, i.e. buy and sell. |
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Jan 1 2017, 11:14 PM
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Senior Member
1,110 posts Joined: Oct 2006 |
Google for most reliable and secure mining service provider don't trust mlm style
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Jan 2 2017, 08:26 AM
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All Stars
11,954 posts Joined: May 2007 |
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Jan 2 2017, 10:49 AM
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Senior Member
885 posts Joined: May 2008 From: i donno LOL |
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Jan 3 2017, 09:48 AM
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Junior Member
166 posts Joined: Apr 2016 |
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Jan 3 2017, 11:19 PM
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Senior Member
1,865 posts Joined: Jun 2008 |
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Jan 4 2017, 09:29 AM
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Junior Member
106 posts Joined: Apr 2016 |
i mine for fun too. using minergate miner.
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