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by Mecoin
Sat Dec 09, 2017 2:47 am
Forum: Beginners & Help
Topic: How hardware wallets and exchanges work together?Ledger Blue)
Replies: 5
Views: 1839

Re: How hardware wallets and exchanges work together?Ledger Blue)

All makes perfect sense I am sure but it is so different then our bank accounts so it is difficult to get used to. I believe this is the biggest reason why Bitcoin is not mainstream yet. I think it would really take off if everyone understands how to keep your coins safe and how to use them. Thank ...
by Mecoin
Wed Dec 06, 2017 2:41 pm
Forum: Beginners & Help
Topic: How hardware wallets and exchanges work together?Ledger Blue)
Replies: 5
Views: 1839

Re: How hardware wallets and exchanges work together?Ledger Blue)

Thank you for taking the time to respond. I really appreciate it!I have a couple of follow up questions if you dont mind;

You mentioned that the hardware wallet "uses the seed" to create keys. So what exactly is the "seed" and where is that stored?

I understand the best way is to keep everything ...
by Mecoin
Mon Nov 27, 2017 11:21 am
Forum: Bitcoin Discussion
Topic: How much profit in mining farms
Replies: 9
Views: 3655

Re: How much profit in mining farms

I am trying the online calculators but not correctly I am afraid. I appricite it if someone can tell me result:

the electric price where I live is $1.6 per kWh. I am not sure how many bitcoins I would be able to mine per day with 10 x Antminer S9 machines but would it be profitable?
by Mecoin
Mon Nov 27, 2017 11:16 am
Forum: Beginners & Help
Topic: How hardware wallets and exchanges work together?Ledger Blue)
Replies: 5
Views: 1839

How hardware wallets and exchanges work together?Ledger Blue)

Correct me if I am wrong please...So after reading up on everything I can find on the internet, Bitcoins are actually not stored on the devices such as Ledger Blue. Only the keys, word phrases to access the bitcoins are stored on these devices and anyone with these key codes and pass phrases. can ...
by Mecoin
Fri Nov 17, 2017 9:42 am
Forum: Mining
Topic: Anyone with Genesis Mining; Is this normal?
Replies: 1
Views: 1266

Anyone with Genesis Mining; Is this normal?

Hi all. I wanted to invest some cash in could mining and started researching companies. Genesis Mining seemed to have a credible operation so I have decided to make a purchase 2 days ago investing quite large sum of money into what they said to be available right way which is Ether mining. The ...
by Mecoin
Tue Aug 15, 2017 6:55 pm
Forum: Bitcoin Discussion
Topic: How much profit in mining farms
Replies: 9
Views: 3655

Re: How much profit in mining farms

Thank you for your response, this makes sense.

Did you mean difficulty changes every year?
note the difficulty change every 2016
by Mecoin
Tue Aug 15, 2017 11:24 am
Forum: Bitcoin Discussion
Topic: How much profit in mining farms
Replies: 9
Views: 3655

Re: How much profit in mining farms

Thank you for your response, very kind of you.

During my research I found out that they use latest equipment manufactured by a company called Bitmain. This company just announced their latest and fastest product called Antminer S9. They claim a record-breaking Hash Rate:14TH/s ±5% and 0.098 J/GHs ...
by Mecoin
Mon Aug 14, 2017 1:50 pm
Forum: Bitcoin Discussion
Topic: How much profit in mining farms
Replies: 9
Views: 3655

How much profit in mining farms

I have been trying the find information about profitability of the mining farms in Iceland. Can someone point me to the right direction?

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