Thanks. Yeah, noticed that after I posted. Googling further it seems it's just as well, they have some shit over there. On to CEX.io and LocalBitcoins !HitBTC isn't available for US citizens
Staking is not the same as buying. Not planning on rubbing brain cells together to fully understand it, personally.which vendors actually sell you your coins besides coinbase? Seems everyone is selling "stakes" in dogecoin, but you dont actually own the coin
If you are on say coinbase.com, you are not mining, you're buying coins. Staking is very expensive to get into for any of the more active coins. Tens of tousands.maybe thats the wrong word. the only crypto i know is from the mining side, where you mine the coin, and you own it as a physical representation. Does any place that sells coins let you own the coin like that?
Which is why cryptocurrencies are a terrible idea and a monumental waste of resources.If you are on say coinbase.com, you are not mining, you're buying coins. Staking is very expensive to get into for any of the more active coins. Tens of tousands.
Mining is expensive too - seems a minimum serious rig these days would be 60+ processors(Nvidia graphics cards) and all the supporting shit. That's for one miner/person.
I generally agree. So glad they are getting away from mining. Not a moment too soon.Which is why cryptocurrencies are a terrible idea and a monumental waste of resources.
Gotchya. I think what occurs is: when you mine a coin you are given credit, a coin and some fees, for successful work. The work is verifying transactions within a blockchain block. Others are competing so there is great duplication of effort. This is very wasteful but it got us going. Staking lets richer individuals or groups be staked or verified, to handle certain types of transactions as trusted middlemen of the blockchain, much less duplication. This is why you have to put up big money and are seriously vetted to stake. Unless you are part of a group, in which case you are back to being a shareholder and don't control jack shit in the staking world. Maybe a vote.Let me be very clear.
There is a physical representation of a coin. A string of bits. When you mine that coin, you own that set of a bits.
When you buy coins, can you buy that set of bits. Or is it more like buying "stock" in a coin, which is what robinhood was like.
Incorrectly - it's a bit irksome. Wallet(from Coinbase . . in my account right now).RH is one of the only places where you don't own the coin, I think.
I've seen options for transferring your coins to a wallet at Coinbase and Kraken, if I remember correctly
That's the normal, expected method AFAIK. RobinHood is the outlier. Kraken will do it. There are probably more options to directly buy DOGE than when I did, r/dogecoin probably has a thread.Let me be very clear.
There is a physical representation of a coin. A string of bits. When you mine that coin, you own that set of a bits.
When you buy coins, can you buy that set of bits. Or is it more like buying "stock" in a coin, which is what robinhood was like.
Nobody is talking about this except you.When someone successfully hashes on a block of transactions a coin is created. You don't receive "that" coin, you are are rewarded/paid in coin, frequently in another, different coin. Probably BC. Nobody is promising you ownership of bits. That would be like perseverating on which $20 bill a bank teller hands you, based on the serial numbers."NO - THAT ONE!" ffs, They're all the same and can be exchanged for two $10s.
When you get down to these small, proportional parts of a coin(like below) you have to be practical. The original scenario as posited would just be unduly complicated and costly. It's already kludgy enough. *Most people are not buying whole coins, they are making a buy based on a specific amount of money, minus the fees. Even if you TRY to buy a whole coin, chances are good you'll miss because the price fluctuated before you got a refresh of your screen. Your buys only have 2 numbers after the decimal point - hard to get an even coin on the more costly ones.
Yes, that's all the BC(and Ankr) I own. Strictly to open a wallet.
0.00102192 BTC
296.88114026 ANKR
Also, you're gonna get your shit stolen if you're using permanent CoinBase wallets for commerce.When someone successfully hashes on a block of transactions a coin is created. You don't receive "that" coin, you are are rewarded/paid in coin, frequently in another, different coin. Probably BC. Nobody is promising you ownership of bits. That would be like perseverating on which $20 bill a bank teller hands you, based on the serial numbers."NO - THAT ONE!" ffs, They're all the same and can be exchanged for two $10s.
When you get down to these small, proportional parts of a coin(like below) you have to be practical. The original scenario as posited would just be unduly complicated and costly. It's already kludgy enough. *Most people are not buying whole coins, they are making a buy based on a specific amount of money, minus the fees. Even if you TRY to buy a whole coin, chances are good you'll miss because the price fluctuated before you got a refresh of your screen. Your buys only have 2 numbers after the decimal point - hard to get an even coin on the more costly ones.
Yes, that's all the BC(and Ankr) I own. Strictly to open a wallet.
0.00102192 BTC
296.88114026 ANKR
Good grief, you don't leave it in the wallet. It's like an email address - set up forwarding.Also, you're gonna get your shit stolen if you're using permanent CoinBase wallets for commerce.
Nobody is talking about this except you.
I feel @Domon did. He sounded hung up on the idea of tracking the bits that brought him coin. It's buried in the blockchain but who cares - imo ? Go back to your work shaming.Nobody is talking about this except you.