Bitcoin / Cryptocurrency / ICO / NFT Topic

[local]

whos gona jump on feathercoin with me

[Rippy]

what are the fees for buying/selling on these mentioned sites?? 

[local]

i  dont think there was a fee when buying on localbitcoin

 

n possibly wont be a fee for selling

 

these will be incurred by the traders, the guys with the adverts up askin for buys and sells

 

had a 0.00003 fee for tranferring over to btc-e, which'll be similar if i transfer back

[Mr. Martinez]

Local - I'm stocking up on PeerCoin and NameCoin. 

 

localbitcoins doesn't have any fees. It's where I'm selling mine.

 

I've sold and bought coins over and over again for the purpose of a good rating though.

[Mr. Martinez]

There probably will be by the time those litecoins are worth selling I presume

 

locallitecoins or something

[sonotron]

sonotron u kno the best way to sell?

 

dont plan on any time soon but id like to kno hows best

 

whats ur plans?

 

who r u btw bro

I haven't looked to deep into selling yet, i was thinking of usind btc-e or bitbargain. By the time I do consider selling, there will probably better places to offload some LTC.

 I plan to hold onto my coins for at least 2 months, regardless of what happens, before i decide to sell.

I looked into mining, but it sounded like my pc was about to explode. May have to look into cloud computing and mine some of the other "younger" coins.

I'm a desktop analyst (IT support). On my week off, so got bored and got some coins.

[seven]

It's like looking for a very expensive needle in a very smelly haystack: Hard drive with £4MILLION in Bitcoins is thrown into landfill site by accident

• James Howells, from South Wales, 'generated' the Bitcoins in 2009 on his laptop
• At the time the 7,500 coins he made were almost completely worthless
• He later took the hard-drive out of the laptop and kept it in a drawer
• But he threw it out in 2012 and only remembered the Bitcoins last week
• Each one is now worth £613 - or £4,597,000 in total

By Kieran Corcoran

PUBLISHED: 19:58, 27 November 2013 | UPDATED: 11:36, 28 November 2013

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A man has spoken of his regret after carelessly throwing away an old hard drive which would now be worth more than £4million.

James Howells, an IT worker, had used his laptop's computing power to 'mine' 7,500 units of the digital Bitcoin currency in 2009.

At the time the coins - which are units of data stored in 'wallets' on a computer - were practically worthless. But as more and more people heard about the new currency, its value has soared.

 

James Howells, an IT worker from South Wales, pictured, had used his laptop to 'mine' 7,500 units of digital Bitcoin currency in 2009. At the time the coins - which are units of data stored in 'wallets' on a computer - were practically worthless. But as more and more people heard about the new currency, its value has soared

 

 

The value of a single Bitcoin today passed the $1,000 (£613) mark, meaning that Mr Howells's modest collection could be sold for approximately £4,597,000.

But, unaware of the currency's soaring value, Mr Howells stopped using the old laptop, stored its hard drive in a drawer and, last year, threw in away when cleaning out his home.

 

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Mr Howells, who told the Guardian that he thinks the threw the hard drive away in the summer of last year - at which point the Bitcoins would have been worth some £500,000 - but cannot remember an exact date.

The currency - which launched in 2009 - is generated by computers running complicated mathematical algorithms, which become more difficult to solve each time a new coin is made.

Windfall: Bitcoins could be generated for next to nothing when they were first introduced in 2009, but are now worth more than £600 each

 

Buried treasure: Mr Howells' valuable hard drive is estimated to be under four feet of rubbish kept on a landfill site (file picture)

 

Four years ago, when the currency was new, an ordinary household computer was capable of generating Bitcoins reasonably quickly, and Mr Howells came up with 7,500 in a week.

WHAT IS BITCOIN?

 

 

Bitcoin is a distributed peer-to-peer digital currency that functions without any central authority, such as the Bank of England.

The currency was launched in 2009 and is traded within a global network of computers.

Bitcoins can be bought with near anonymity, which supporters say lowers fraud risk and increases privacy.

But critics say that also makes Bitcoins a magnet for drug transactions, money-laundering and other illegal activities.

A Bitcoin investor, Norwegian Kristoffer Koch, recently made more than half a million pounds after he forgot he bought £17 of currency four years ago.

But today the computing power required is so huge as to be out of the reach of most household machines.

Mr Howells said he gave up after just a week of generating the coins because his girlfriend complained that running the program made the laptop too noisy and hot.

He said: 'I hadn't kept up on Bitcoin, I'd been distracted. I'd had a couple of kids since then, I'd been doing the house up, and forgot about it until it was in the news again.

'There's a pot of gold there for someone… it's my mistake throwing the hard drive out, at the end of the day.'

After he realised last week how much his hard drive would have been worth, he said that he scoured all his devices to see whether he had unwittingly copied his 'wallet' to a device he still has,

When he found that the discarded hard drive was definitely the only way to access the money, Mr Howells took a visit to the local landfill site to find it.

But workers at the site, in Newport, south Wales, gave him the distressing news that his hard-drive could be anywhere in an area of rubbish the size of a football pitch, and by now would be buried four feet deep.

Mr Howells said he was told that 'even for the police to find something, they need a team of 15 guys, two diggers, and all the personal protection equipment.'

He added that he would not mind if any hopefuls went to the site to try and dig it up themselves, but  a Newport council spokesman said that any hopeful treasure hunters would be turned away.

 

Read more:

Read more: http://www.dailymail.co.uk/sciencetech/article-2514580/Bitcoins-worth-4m-hard-drive-thrown-Newport-landfill-accident.html#ixzz2lwonGdp3

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[Jefferson]

pissed

[seven]

how much money have you man made from this so far

[sonotron]

Max keiser will be on ITV at 10pm talking about bitcoin and possibly litecoin.

https://twitter.com/maxkeiser

 

I put £250 in and I have almost double it in 24hr. Would have invested more than £250 if I wasn't going on holiday next month.

[Blackstock]

What payment method do you guys use on localbitcoin to buy bitcoins, before going over to btc-e?

[Mr. Martinez]

November 11th 2013 - litecoins were worth $3.

 

:lol: 

[seven]

Max keiser will be on ITV at 10pm talking about bitcoin and possibly litecoin.

https://twitter.com/maxkeiser

 

I put £250 in and I have almost double it in 24hr. Would have invested more than £250 if I wasn't going on holiday next month.

 

 

isit easy to with draw your money

[Greens]

What payment method do you guys use on localbitcoin to buy bitcoins, before going over to btc-e?

Did a bank transfer.

/

I only put £100 in, gonna wait until i'm paid next week and drop another 100 on ltc if it hasnt inflated too much and put 50 in one of these super cheap upstarts.

[The King]

Best place to buy Feathercoin

[local]

Local - I'm stocking up on PeerCoin and NameCoin. 

 

localbitcoins doesn't have any fees. It's where I'm selling mine.

 

I've sold and bought coins over and over again for the purpose of a good rating though.

 

ok bra i might aswell jump on all 3, feathercoin is interesting me cos they're cheap as fuck

 

jus para about putting all this money on while its gona be stuck online for 3 days cos of the noob sign up withdrawal wait at btc-e  (i assume thats where's best / easiest buying them?)

 

keen to get involved soon tho, when u thinkin of investing?

 

im gona need a different piece of software to keep offline wallets of all these currencies right?

 

if u happen to kno what these softwares are help me out pleash

[revs]

Same question as above. Is there not one wallet that can hold all the types of currency or do you need one for each type?

[hardface]

New to this

 

I wanna get involved some advice?

 

Important bits to read?

[local]

i quit my existing life this is more fun

 

gona wait for a drop in bitcoin and buy some more n get rolling on the rest

 

then try keep on top of it all, buying at dips in btc, ltc and possibly nmc while sitting on ppc n ftc

 

ttkk

 

hardface jus read the past few pages, all explained

[Kim]

i came across this game where u can win free bitcoins

 

http://www.dragons.tl/

[local]

What price did you get your btc at stef?

Gone up another 100 today on localbitcoins

 

cant really remember

 

jus checked my history n i got 0.377 for £270

 

so whats that, about 730?

[local]

waiting for a dip in btc might take the piss, reachin the 1k mark again on btc-e

 

gona check out this okpay n see how it works to see if i can jus transfer money over to usd in btc-e rather than converting through btc

 

any1 got?