All Questions

25
votes
1answer
31k views

How to mine in Ubuntu?

How do you mine in Ubuntu 11.04? Are there any GUI miners like poclbm-gui for Ubuntu?
19
votes
5answers
4k views

Will we ever need smaller amounts of Bitcoin than a Satoshi?

Will there ever be a need to create a unit of Bitcoin smaller than a Satoshi? See also: What is a 'Satoshi'?
11
votes
4answers
30k views

Is there an efficient way to exploit arbitrages between the different exchanges?

The Bitcoin ratio vs other currencies is not the same among exchanges. Is there currently a way to exploit this arbitrage and profit?
107
votes
9answers
318k views

How much Bitcoin will I mine right now with hardware X?

Say I have a given piece of hardware (CPU/GPU). Where can I find out how much Bitcoin will I mine per day?
25
votes
5answers
12k views

What happens to my bitcoins if lose my wallet file e.g. I suffer data loss and my computer is unrecoverable?

You run bitcoin as a service on your local computer. What happens if this computer is compromised? A corrupt/failed hard drive or theft leads to the machine being lost and unrecoverable, and my ...
7
votes
2answers
449 views

Is there an easy way to diversify your Bitcoin holding among the other popular forks?

Recently there has been a spread of Bitcoin clones, starting with Namecoin and following with other newer clones. There is a chance these coins will appreciate relative to Bitcoin. Is there an easy ...
148
votes
5answers
240k views

What is a 'Satoshi'?

I am aware that Satoshi Nakamoto is the author of the paper that originated Bitcoin and the creator of the original bitcoin client. However, I often hear the term Satoshi as if it was a monetary unit. ...
25
votes
2answers
5k views

Will all 21 million units be completely mined one day?

It is written that the supply of Bitcoin units is limited to 21 million and that this limit will approximately have been reached around the year 2030. But is there an actual "last Bitcoin" (or "last ...
19
votes
2answers
14k views

What's the difference between an ASIC and an FPGA? Which is better for mining?

I'm a software guy with only the most basic of hardware training/knowledge so while I understand the basic concepts of ASICs and FPGAs the details are beyond me. What are the primary differences and, ...
18
votes
6answers
699 views

Will forks and alternative block chains cause hyper-inflation of decentralized digital money?

Great effort has been put into Bitcoin's concept of money supply and that there will never be more than 21 million units. However, it's relatively easy to fork it and create alternate block chains. ...
117
votes
10answers
48k views

How do you obtain bitcoins?

This is a question many people ask when they're introduced to Bitcoin. Bitcoin sounds interesting, but if I want to use this system I will need to get some coins, otherwise, there's no way I can ...
16
votes
5answers
2k views

Is Bitcoin future-proof?

As I understand things, the security and integrity of Bitcoin rely on the assumption that its hashing is "hard" in some sense. However, in the past, processing power has increased exponentially. ...
13
votes
3answers
2k views

Is it possible to estimate the Gini coefficient for Bitcoins and if the trend is increasing or decreasing?

The Gini coefficient is a measure of the inequality of something's distribution, where a value of 0 represents total equality and a value of 1 maximal inequality. Is it possible to perform this type ...
14
votes
5answers
7k views

What are the differences between Bitcoin and other crypto-currencies?

What is it that makes Bitcoin unique amongst crypto-currencies? Is it just the most popular one or does it have better design aspects too?
35
votes
9answers
19k views

How is it possible to launder bitcoins?

Some services, such as bitcoinlaundry.com, claim that they can launder your bitcoins. Since all bitcoin transactions are publicly logged, how is this done? Wouldn't it be possible to trace back the ...
49
votes
13answers
8k views

Will deflation destroy Bitcoin?

With the limited total quantity of bitcoins, and people losing their wallets constantly decreasing that number, won't rampant deflation destroy Bitcoin?
3
votes
4answers
480 views

Can the price of Bitcoin ever be stable to the USD?

It seems like the only way to sell BTC for products/services is to have the BTC reflect how other currencies are doing. I'm not great in economics but can it ever be stable?
43
votes
8answers
26k views

Is CPU mining even worth it? [duplicate]

I would like to start mining, but my GPU isn't the greatest and I don't really want to spend the money on a dedicated rig. Is mining from my CPU (in a Linux environment) still worth it? Or will I not ...
10
votes
4answers
3k views

Is there a way to use the block chain as entropy in random number generator? [closed]

I want to create a transparent gambling/lotto site and use the block chain as entropy for lotto numbers, dice rolls, that kind of thing. Would the transaction hash of the latest transaction be the ...
61
votes
9answers
25k views

How anonymous are Bitcoin transactions?

I read some sources that say Bitcoin transactions are anonymous, some that say they are semi-anonymous, and some that say they are not anonymous at all. In what ways are the transactions anonymous ...
10
votes
5answers
709 views

Can bitcoin transaction data be used to study markets?

The nice thing about bitcoin is that it generates partially anonymous data about every single transaction. Can this data be used to gain insight about real-world markets? Or are there some fundamental ...
23
votes
6answers
7k views

Is Bitcoin a scam?

Adam Cohen of SeatGeek called Bitcoin a "scam". Other people have compared Bitcoin to a Ponzi or pyramid scheme. Can Bitcoin be considered a scheme to defraud people?
43
votes
9answers
9k views

How can I keep my wallet secure?

The standard Bitcoin client does not encrypt wallet files, so any malicious user that gains access to this file will be able to transfer all the coins to their own wallet. Furthermore, if I lose the ...
113
votes
11answers
55k views

Is it possible to brute force bitcoin address creation in order to steal money?

Bitcoin users frequently generate new addresses for each transaction they make, which greatly increases the number of bitcoin addresses being used to receive money. Would it be possible (and ...
18
votes
4answers
7k views

How can one embed custom data in block headers?

Some mining pool admins put custom data in block headers, like prayers. How do they do that? Where can I see that data for myself?
27
votes
11answers
2k views

What are some good resources for understanding Bitcoin?

I've tried to read about what a Bitcoin is, how to mine, etc. I find them to be confusing in that I don't understand the underlying factors driving Bitcoin. Everything I've read seems to assume the ...
18
votes
10answers
3k views

Effect on economy if Bitcoin was widely adopted

What would the effects be on the world economy if several million people around the world would utilize the Bitcoin currency for their daily transactions? Would you expect the GDP to grow faster or ...
22
votes
3answers
2k views

What happens when someone sends bitcoin to my wallet?

I didn't get it. Should my wallet be online? What if it becomes corrupted before I make a backup? Can I use my backup wallet that was backed up few days ago?
13
votes
4answers
567 views

How do I develop mobile applications for Bitcoin?

I would like to develop a mobile Bitcoin application for the Android and iPhone platforms. What libraries and resources can I use?
7
votes
4answers
4k views

Is mining still profitable? [closed]

We all know that mining is supposed to keep the Bitcoin system secure. However, difficulty has risen so much that costs for power currently outstrip possible revenue for mining for a large portion of ...
9
votes
5answers
5k views

Best GPUs for Mining [closed]

GPU mining is the way to go, as at August 2011, until something better arrives on the market. There are plenty of GPUs out there, but only a handful offer the best performance when comparing total ...
25
votes
10answers
25k views

What open source miner applications are there?

What open source miner applications are there? Especially to see how the mining process works.

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