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Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Question for you guys, how do I pull my coins from coinbase into a private wallet?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

You just transfer it from the coinbase wallet to your private wallet like you would from any other BTC wallet

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Download Electrum or any other private wallet. Install (follow instructions).

Than you'll be able to send BTC from Coinbase to your Electrum wallet! :)

https://electrum.org/#home

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Electrum is the best wallet :typing:

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Does it require the entire block chain to be downloaded?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

No it doesn't, it's quite fast because heavy lifting is managed by a server.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

But that doesn't mean any of you data or keys are shared does it?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Do your research, google is there for you.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

I'm aware of Google, thanks.

Its not an easy question to get an answer to because I did a bit of searching and tried to know.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Jesus kid, it's a well known open source platform, do you really think they would steal ur $1 worth of bitcoin?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

I'm asking a much narrower question.

When you say it's tied to a network, does that mean that my coin has a virtual presence similar to coinbase holding them? Or is it completely and exclusively present in your wallet?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Once it goes to your wallet ie your computer or any type of hardware that can store BTC, it stays there, offline or online it stays there. This is called cold storage. You can recover funds by remember 12 set of words if by any chance your hardware gets stolen or damaged.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

The beauty of this is no institution ie. like Coinbase can shut your account down....

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

only issue is I have trouble getting bitcoin converted into $$$ so I can get it in the bank. Conversion fee's are high cex.io charges me about $500 to get $6,000 worth of bitcoin into cash wired to my bank.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Cost of doing business, someone has got to make a living...

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

I am not a seller of Bitcoin but would not be surprised if we trade below $800 for a short while. Parabolic spikes cause sell offs and those who chase trends get scared out on the way down. If it hits low $600 I will add to my position.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

If you have issues with accessing your account, you can have hassles.
Overall Coinbase is good because of its strict practises.

:coffee:

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Yes, because it's not tangible like Gold & Silver. At least these two have a 1,000 yr track record. If another cryptocurrency mysteriously appears and takes off it'll destroy Bitcoin, and you will lose funds, or if the internet crashes you're done. With Gold/Silver you can pass it down to the next generation, can sell it immediately during emergencies and get funds right away. If the dollar ever collapses good luck buying bread with bitcoin.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Virtual currencies have definitely got a place in the future.

Government/Conglomerates will not sit back and do nothing if the internet crashes - its in their own interest to ensure this money machine is up and running at all times.

Precious metals are without a doubt the most secure way of storing your money, history has shown this. But for the purpose of investment and trade, currencies such as bitcoin, USD, GBP are better as not everyone accepts Gold at checkout - otherwise it would be a PITA constantly having to convert it to a tender accepted by your local supermarket each time you wanted to spend.

The point is, spread your eggs out - don't just put all your money into one currency. We've seen many times currencies becoming valueless.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

its kinda not reliable it goes up and down too much but its great when u want to buy off a site thats trusted since they give discounts on bitcoins usuually.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Well Bitcoin surpassed its previous record high is USD. Pretty crazy.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Bitcoin will keep going up to accommodate the difficulty in mining it...and more demand now

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Bitcoin could surpass Gold within the next week.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Bitcoin seems to be holding up nicely above $1200 and $1150 for now. Interesting to see it climb up slowly but surely.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Bitcoin is now worth more than an ounce of Gold and Ethereum ETH is currently more than an ounce of Silver. TOO THE MOON!!!:cheer::cheer::cheer::cheer:

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Long term I think it's a good hold.

I'm thinking of getting the trezor wallet for safe keeping bitcoins.

https://trezor.io/

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Bitcoin to another record high. ETH touched $70 for a while. Many other Alt coins such as Dash and Ripple have been surging as well.

Crazy times. :cheer::cheer::cheer:

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

wow... bitcoin..

I'm going to buy some ETH soon when it dips.

1 Bitcoin equals
1360.07 US Dollar

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Yea Parabolic spikes always create a pullback. I got in at first at like $18 when Coinbase first accepted it then it crashed to like $9 and I got in at like $11. Had no idea it would spike like this. Just know when people 100x smarter than me are all interested in this crap its time to take a speculative position.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Great day for BTC wow keeps climbing....

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Waiting for bitcoin to dip again (and it will, it always has done), then going to invest in it.

So far came across Bitfinex for btc trading... though platform seems complicated/laggy. Anyone know anything better? (p.s. not interested in CFD).

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

In honor of Bitcoin hitting all time highs I created a new Bitcoin shirt. Bitcoin to the moon!!!

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

I just started making my 3rd ETH mining rig. I am making pretty good returns, about $11 per day after power cost per rig. The only factor now is if the building power can handle the amps. I might need to check out a office space or commercial space if I get over 6 rigs.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

joining the mining community. it's finally time

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Join the hard way, build it. my 1st ethereum mining rig. I only got 4 rx480 8gb cards on it. Cant get the 5 and 6 to work, z170 chipset sucks for mining. 2nd rig has all 6 rx470s 4gb working.
https://s9.postimg.org/xymif53mj/DSC_6475.jpg
https://s9.postimg.org/gmm5tpa57/DSC_6478.jpg

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

nice how much you spend and what kind of mhz are you getting?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

My 1st rig's cost was too much since I ordered a custom built open air case, in the picture, and I went with rx480 8gb card. My 2nd rig was much cheaper since I went with 6 rx470 4gb card and a $20 shelf from home depot and lots of zip ties. Sorry but I wont say overall cost, thats kinda personal. Its cheaper than you think. Both rigs have 4gb of ram, 60gb SSD, and a intel g3930 cpu.

1st rig gets 101ms/s but I still need to tweak the bios for better power draw and hash rate. 2nd rig is dong about 130mh/s but still need to tweak the bios this week to maybe get over 160mh/s.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

wattage? you getting a decent net?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

1st rig with 4 cards is 625w, 2nd rig with 6 cards is 883w. I just built the 2nd one this weekend so I still need to undervolt and underclock the gpu core for lower power draw. I'm sure I can get the 2nd rig to under 750w.
1st rig is already underclocked and undervolted, I might lower it another 10-25w. But the 4th card might not like it, its the under performer of the bunch.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

i use to do the little round ones to mine LTC, i dont remember what they were called, little radiator fan looking circles connected to a raspberry pi