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 Bitcoin and other Cryptocurrencies v2

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piscess16
post Mar 14 2017, 04:39 PM

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want to ask, where are u all going to exchange the bitcoin to ringgit ?

today i have try using remitano, sell 0.056btc around RM 300, for the platform selling price is ok, because i checking from google the price is RM308.

but when i want to selling the btc, i need deposit to remitano 1st, i transfer 0.056 around USD 69 but the transaction fee is need USD 4

actual the fee is quite high, how to all transfer to rm without so high transaction fee ?
piscess16
post Mar 15 2017, 12:10 PM

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QUOTE(-CoupeFanatic- @ Mar 14 2017, 05:05 PM)
Personally I use Luno Exchange (formerly BitX) to buy and sell my BTC.

But if you're looking to do a one off sell, just sell it on localbitcoins.com
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you are miner your bitcoin into luno wallet, after using luno wallet exchange to RM ?
piscess16
post Mar 15 2017, 12:23 PM

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QUOTE(wengherng @ Mar 14 2017, 05:48 PM)
I've never used Remitano, but USD4 transaction fee sounds quite high.
I remember I transferred to XBit Asia with 0.0004BTC transaction fee, which at today's rate, is less than USD 0.50.
i have signup Xbit Asia, but also need deposit bitcoin into XBit Asia Right ?

i using Blockchain wallet transfer bitcoin to XBit also need the transaction fee USD 4 for USD 70 bitcoin.

so izzit i need setting lower transaction fee, but the time make it longer a bit only?
piscess16
post Mar 15 2017, 12:28 PM

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want to ask, if i want to invest miner to dig 4.5BTC permonth.

so want to choose which wallet is better? and easily to exchange BTC to RM without higher transaction fee.

*now i am using Blockchain, but when want to exchagne back to RM, i need deposit to Remitano, but the transaction fee is quite high.
piscess16
post Mar 15 2017, 12:28 PM

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want to ask, if i want to invest miner to dig 4.5BTC permonth.

so want to choose which wallet is better? and easily to exchange BTC to RM without higher transaction fee.

*now i am using Blockchain, but when want to exchagne back to RM, i need deposit to Remitano, but the transaction fee is quite high.
piscess16
post Mar 15 2017, 12:34 PM

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QUOTE(-CoupeFanatic- @ Mar 15 2017, 12:23 PM)
I'm not a miner, just a trader.

If you want to sell your bitcoins in Luno exchange there will be fees imposed.
Taker: 1%
Maker: 0%

Taker means that your accept the offer of either the buying or selling side. While Maker means that you're making an offer to either buy or sell, waiting for people to accpet/take your order.
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oh...

then compare with Remitano, remitano is without fee, is i just need send the bitcoin to Luno wallet, i need to pay bitcoin miner transaction fee.
piscess16
post Mar 15 2017, 03:18 PM

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QUOTE(-CoupeFanatic- @ Mar 15 2017, 12:33 PM)
If you're a miner yourself, I'm assuming that you'll be running your own node right. Which usually means that you use Bitcoin Core wallet within your PC and not other third party wallets like blockchain.info

If you are looking to exchange amounts of BTC to MYR on a regular basis, I'd highly recommend you to join BTC Malaysia Group 1 on telegram by sirxl look at his signature
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undestanding, i also is look Bitcoin usb core wallet, for save the bigger amount bitcoin

the group i have join already, inside have 9xx member right ?
piscess16
post Mar 15 2017, 03:20 PM

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QUOTE(-CoupeFanatic- @ Mar 15 2017, 12:39 PM)
I don't think Remitano is without fee either. All exchanges charge some sort of fee no matter what.
If you're talking about transactions broadcasted on the blockchain then yes, it requires a transaction fee paid to the miner which is about 0.00045200 BTC ($0.56USD) on average according to https://bitcoinfees.21.com
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the correct website is https://bitcoinfees.21.co , check by google rclxms.gif

i think i can testing for transaction fee USD0.5 send USD 70, try need taking how long time.
piscess16
post Mar 15 2017, 03:22 PM

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QUOTE(sirxl @ Mar 15 2017, 01:44 PM)
At current bitcoin difficulty rate, if you want a gross revenue of  4.5 BTC per month,
you'll need 21 units of AntMiner S9 (cost 44100 US Dollar or 196289 Malaysian Ringgit).

Take note other costs ie labour, electricity, internet are not included.

If I were you, I'd rather buy some POS coins and stake them on VPS.
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yes, is around 20unit S9, but we is a team to invest~

what is the mean POS coin ? n VPS ?
piscess16
post Mar 15 2017, 03:26 PM

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QUOTE(wengherng @ Mar 15 2017, 02:23 PM)
4.5 BTC per month is a huge target to set for......you'd need some really serious hardware costing hundreds of thousands of ringgit.
Or do you mean you want to sell 4.5 BTC per month?
To send bitcoins from one wallet to another, it doesn't matter which exchange you use, you will still have to pay the transaction fee, which is about 0.0004 BTC last I checked.
That's why I wouldn't even bother sending bitcoins in very small quantities.
yes around 200k.

now is just using small amount to exchange to RM.

but ytd i exchange in remitano, i need deposit into remitano wallet.

USD 70, need the cost USD4, but send the money is very fast.

maybe is set USD0.5 is need taking longer time.
piscess16
post Mar 15 2017, 03:52 PM

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QUOTE(WooTz @ Mar 15 2017, 03:47 PM)
You guys are pretty ballsy going against other countries with subsidized electricity and ASICs.

POS stands for Proof of Stake, you acquire crypto token of a blockchain and deposit them to validate blocks. You earn if you act normally, or your deposit gets slashed.

VPS is virtual private server, since network uptime is crucial. Staking on multiple pools with multisig is recommended.

Why not stack GPU and mine other crypto like ETH, you can resell the cards for gamers once you're done with it.
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oh..

ETH is Ethereum ? but like litecoin zcash, also can be miner, but after miner the coin, now still cant exchange to RM right ?
piscess16
post Mar 15 2017, 04:46 PM

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QUOTE(WooTz @ Mar 15 2017, 03:58 PM)
Yes, that's right.

You can trade the minted coins into BTC via poloniex and sell to local exchanges.

https://whattomine.com
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so you mean is i invest other miner coin, after get the coin going to poloniex exchange to BTC?

on the market have so many coin, which coin is best for invest the machines?
piscess16
post Mar 15 2017, 05:04 PM

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QUOTE(WooTz @ Mar 15 2017, 04:58 PM)
The site helps you to narrow down potential ones to mine.

Ether, Monero and Zcash seems to be the safe bet.
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thx thumbup.gif

then you is a trader or miner ?

piscess16
post Mar 15 2017, 05:22 PM

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QUOTE(WooTz @ Mar 15 2017, 05:05 PM)
I'm an ETH stacker and future staker
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stacker ? ? confused.gif
piscess16
post Mar 15 2017, 09:07 PM

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QUOTE(wengherng @ Mar 15 2017, 05:34 PM)
From my personal experience, with 0.0003 to 0.0004 BTC transaction fees, my transaction confirmation times were somewhere between 15 minutes to 40 minutes.
But it also depends on the backlog of transactions on that day as well......on a good day, I had one transaction with 0.0002 BTC fee and still got confirmations within one hour.
Exchange to BTC and sell on XBit Asia or Luno, then withdraw RM.
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thx for your information..

so the mean miner other coin will get more than bitcoin.

because the bitcoin difficult will increase faster than other coin right ?
piscess16
post Mar 15 2017, 09:08 PM

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QUOTE(WooTz @ Mar 15 2017, 05:56 PM)
I gradually accumulate ETH in preparation for POS by end of this year.

A hybrid POW/POS implemention is expected after Metropoils fork during July-October period.
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ya, today i have doing research ETH, and also have tell POS, but i still dunno what the mean is POS.

and they say after POS, the ETH is cant miner jor right ?


and you know antpool ? why at antpool nobody miner ETH?

and ETH n ETH Classis izzit is same coin before ?
piscess16
post Mar 15 2017, 11:30 PM

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QUOTE(WooTz @ Mar 15 2017, 10:34 PM)
ENS pump wasn't happening cause of bug, Raiden and the gang is coming

Melonport gets listed on Kraken today, the ICO that raised US$3 million($7 million as of current ETH price) in 5 mins



$31 is still dirt cheap
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so the mean ETH will grow up very fast like bitcoin, future is 1 ETH = 1xxx USD?
piscess16
post Mar 16 2017, 11:01 AM

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QUOTE(WooTz @ Mar 16 2017, 07:24 AM)
It is growing very fast. Polo ETH/USDT volume just overtook BTC.

I dunno about $1000 ETH, but $100 ETH is very much a reality in 2017 if such growth continues.

[attachmentid=8598822]
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ytd i have study ETH from this year JAN until Today already grow 300% right?

then u have keep ETH coin ?
piscess16
post Mar 16 2017, 11:52 AM

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QUOTE(WooTz @ Mar 16 2017, 11:07 AM)
I'm up 800% from my first ETH back in feb last year.

Yes, it's kept safe and sound. Not selling until Casper is live.
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rclxms.gif then the time u hold the ETH price is how much ?

u still on hold the coins ?
piscess16
post Mar 16 2017, 12:13 PM

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QUOTE(WooTz @ Mar 16 2017, 12:03 PM)
$4.50, so now it's a solid 900% gain within 13 months

Yup, locked into my hardware wallets.
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wow, then waiting year end grow USD 100, can release the coin, then u are earn over 2k % drool.gif

This post has been edited by piscess16: Mar 16 2017, 12:13 PM

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