[X] My Assistant

Note: Because the Bitcoin world moves quickly, the information here can become obsolete. This guide was last updated on 2022-01-23.


What is Bitcoin?

If you are interested in a readup on what Bitcoins (BTC) actually are and how they work, there is a decent article on [en.wikipedia.org] Wikipedia, as well as a [bitcoin.org] FAQ.

Or if you don't care to read, there's always this cheesy video:



Essentially, the Bitcoin network is a distributed ledger of transactions, also referred to as a blockchain. Everyone who owns BTC has a so-called "wallet", usually stored online or on their computer or mobile device. This wallet contains the secret keys required to spend any coins that, according to the distributed ledger, are owned by it.

Whenever someone wants to spend coins, they use their wallet's secret keys to sign a transaction telling the network to transfer a specific number of coins from their wallet to another wallet. The transaction is then broadcast to the network. Assuming that the wallet has coins available to spend, the coins will then be permanently and irrevocably transferred.

This explanation is highly simplified. If you want technical details on how the system works, you should consult the [en.bitcoin.it] semi-official Wiki.


Buying Bitcoin from exchanges

The most common way to obtain some BTC is to use an exchange. Exchanges allow you to trade traditional fiat currency (like US$ or Euro) for BTC, and vice versa. [bitcoin.org] A non-exhaustive list of exchanges can be found here.

Globally, the most reputable Bitcoin exchange is arguably [www.bitstamp.net] Bitstamp for both bank transfers and credit card purchases, but you may want to look up an exchange in your own country. Typically, in-country bank transfers are cheaper than international ones, and verification tends to be easier.

If you live in the US, the most convenient place to buy is probably [coinbase.com] Coinbase. They also service a few select European countries, and allow you to buy with bank transfers or credit cards.

Other major exchanges include [gemini.com] Gemini and [kraken.com] Kraken, but there are many others. Make sure to do your research if you go with a less well-known one.

After purchasing the coins, you can withdraw them directly to the address found on your E-Hentai Wallet page. See Sending the donation below for more information.


Buying Bitcoin from other people

For in-person trades, the most popular option available is [localbitcoins.com] LocalBitcoins. These are direct trades between individuals, so payment options will vary.

There are people on this forum who offer such trades as well, and while we cannot endorse anyone in particular, they should be easy enough to find.

When setting up the trade, you can provide the address found on your E-Hentai Wallet page to have it sent there directly. See Sending the donation below for more information.


Buying Bitcoin from ATMs

In cities or larger towns, there is a chance that you can find a Bitcoin ATM where you can exchange physical banknotes for bitcoins. One way to locate these is with [coinatmradar.com] Coin ATM Radar.

When making the purchase, you can simply let it scan the QR code directly from your phone by loading the E-Hentai Wallet page directly, or by saving the QR code image or taking a picture of it beforehand. Alternatively, you could print the QR code and scan the printout. The ATM should then send it to your E-Hentai wallet address directly. See Sending the donation below for more information.


Sending the donation

Whether you use an exchange or an ATM, or you use your own wallet, you simply withdraw or send the coins you want to donate directly to the address found on your E-Hentai Wallet page. After a short wait, usually no more than one hour, they will be available for use.

Important: the E-Hentai wallet is not a custodial service and is deposit-only. This means it is not possible to transfer coins out from this wallet, so make sure to not send more than you want to donate. Formally, the actual donation is made in BTC or BCH at the time it is included in a block, and is equal to the transaction's output to your E-Hentai donation wallet address. All donations are final, and refunds of applied donations or any remaining balance will not be granted - no exceptions. The actual coins have likely been spent on servers already, and the balance displayed on your account does not generally represent actual coins in the site's wallet.

If you make a wrong deposit, do not apply it and contact me via PM no later than 24 hours after the first confirmation. Include a refund address, and optionally the fee you would like to use for the transaction - if you do not provide one, I will use a next-block confirmation fee estimate. The transaction will then be returned to you, sans network fees. We are not responsible for lost or delayed coins if you specify the wrong address or an insufficient fee.


Applying the donation

After the coins have been confirmed in your E-Hentai Wallet, you have to apply it as a donation before it will actually do anything. At this point, the coins you sent will be "applied" as an equivalent amount of USD based on our internal exchange rate.

The exchange rate is based on the live rates from major exchanges, which goes through an algorithm to make it significantly more stable. Generally the site's rate will be between 1% and 10% higher than what you see on exchanges, depending on the recent price history. The site's rate will usually only change by +/- $100 (BTC) or +/- $1 (BCH) every 15 minutes, and will not change unless the site's rate is less than 1% above or more than 10% above the live rate.

When a donation has been applied, the rate used is final and cannot be changed.


Donating other cryptocurrencies

We can accept most major cryptocurrencies manually, which will be directly apply as a donation. For instructions, PM Tenboro.

Note that we generally do not accept tokens, NFTs, cryptokitties, any kind of simian or similar silliness.


--- The information below is not necessary to make a donation, but can be useful if you have further interest in Bitcoin. --


Creating your own Bitcoin wallet

It's important to note that you don't have to bother with any kind of program or app if all you want to do is use Bitcoin to donate; you can use the address generated by your E-Hentai Wallet directly. Instructions on this page assume that you do this.

The E-Hentai Wallet can only be used for coins you want to donate. If you wish to use Bitcoin elsewhere or hold some coins for investment purposes or future use, you have to create your own wallet for this. There are [bitcoin.org] numerous options to choose from.

[electrum.org] Electrum is a light-weight wallet implementation that can be used for holding small amounts of coins. They are available for Windows, Mac OS X and Linux.

[bitcoin.org] Bitcoin Core is the original reference client, also available for Windows, Mac OS X and Linux. This will fully verify the blockchain and all transactions on the network, but depending on the speed of your computer and your internet, it can take several days for the initial sync. As such, it's only recommended for advanced users.

For Android devices, [play.google.com] Bitcoin Wallet is most commonly used, but [play.google.com] Electrum and [play.google.com] Breadwallet are also available.

iPhone users can use either [itunes.apple.com] Breadwallet or [itunes.apple.com] Blockchain Bitcoin Wallet.

No matter what type of software client you use, it is important that you maintain the security of the device that is running it, and that you make backups of your wallet. Failure to do either can cause any coins stored in the wallet to be irretrievably lost. If someone gains access to your wallet and transfers the coins elsewhere, there is no way to get them back, and if all copies of the wallet and its private keys are destroyed, so are the coins owned by it.

For larger amounts and longer-term storage, we strongly recommend using a hardware wallet. I personally use a [trezor.io] Trezor.

We strongly advice against investing money you cannot afford to lose in any cryptocurrency. While they work perfectly well as a medium of exchange, there are a number of events that could cause you to lose everything. Your money is your own and you do what you want with it, but people have been known to lose their life savings to hackers, data loss or high-risk margin trading.


Mining coins

With the advent of [en.bitcoin.it] ASIC miners, mining bitcoin on commodity hardware is entirely futile. Specialized hardware of the kind that comes in shipping container sizes is required for this purpose; mining BTC directly is therefore not feasible for most people.

There are however a number of alternative cryptocurrencies that are specifically designed to be ASIC-resistant, and that can be profitably mined with a CPU or GPU. Sites like [www.coinwarz.com] CoinWarZ and [whattomine.com] WhatToMine run comparisons on what altcoins are currently the most profitable with your current hardware. Googling "how to mine <insert coin>" is your friend for guides on how to set it up for any given kind.


Further reading

The original Bitcoin paper from 2008 is available [bitcoin.org] here, which covers the basic functionality of the network. For more details, there is an extensive in-depth guide intended for developers and people who want to know exactly what they are dealing with available [bitcoin.org] here.


If you have any other questions about the donation process, or the technology and other things related to Bitcoin, please feel free to ask.

Good luck, hope there won't be another bubble.

Sounds interesting, definitely better than no donations at all. Personally i would still prefer "real" money, seeing how unstable the exchange rate for BTC has been.

Will this be added to the wiki when it gets implemented?

Will this be added to the wiki when it gets implemented?

Yep yep.

Sounds interesting, definitely better than no donations at all. Personally i would still prefer "real" money, seeing how unstable the exchange rate for BTC has been.

Keep in mind, you can just use BTC as a carrier of sorts. You exchange any currency to BTC, transfer it, then exchange it back into any currency within a few hours. While it could fluctuate within that time frame, it could go easily go either way, and in the rare situation where it collapses, you'd only lose the last few hours of transactions.

Wow! Full Linux/*BSD support they have.

Great finding Tenboro. It is the first time I hear about bitcoins (I am out of the internet loop, ain't am?), but be sure that I'll read their documentation and then give a try landing a dozen bucks.

Let me try and see how it works.

YAY..we can kind of make Donations now
I might just wait till it is "official" and I have money saved back
My paycheck is not going as far as it used too, almost every Dollar I get, get's spent fixing things are paying for bills

But that's besides the point..
Donations are kind of back YAY!

I remember using a bitcoin miner with a pool. didn't really think it did much. anyhow i'd rather play my games than burn my ASUS AMD HD Radeon 6950 out of commission.

More donation options please? (Other than buying Bitcoins with cash and then donating them)

This post has been edited by Innis1071: Feb 24 2013, 18:29

I remember using a bitcoin miner with a pool. didn't really think it did much. anyhow i'd rather play my games than burn my ASUS AMD HD Radeon 6950 out of commission.

More donation options please?

Via MtGox

You can now make a Bitcoin donation from here: http://ehentaihip.com/bitcoin.php

After you enter how much you'd like to donate, you'll get redirected to a landing page where you can choose two options:

- Create an account with the exchange we're trying out for this and pay via that, or

...

The former allows you to purchase Bitcoins via several options, including bank transfer. You don't have to run any programs or do anything complicated for this. (Note that no official exchanges are going to sell you Bitcoins with stuff like credit cards or PayPal, as those could be reversed, while Bitcoins cannot be.)

This post has been edited by sigo8: Feb 24 2013, 18:31

err.... I didn't say that right then.

I just don't like this Bitcoin exchange. It has very limited possibilities.

I'll give it another shot. got nothing to lose right?

This post has been edited by Innis1071: Feb 24 2013, 18:53

Will this be added to the wiki when it gets implemented?

Already set for when it does.

[mtgox.com] mt gox account verification delays ekhm... crap

It is always harder than it looks . But that's for Mt.Gox only, there's the direct donation option as well. I'll keep tring and get more info.

Since I hate people I will try a direct exchange.

also I wonder if I can abuse a VPS for Mining

This post has been edited by Ichy: Feb 24 2013, 23:13

This looks interesting, for how long will you keep this open as an option?

for how long will you keep this open as an option?

I would think until the currency the collapses (if ever).

I would think until the currency the collapses (if ever).

'As long as the currency market remains liquid' is the technically correct answer. The actual price doesn't matter as long as people still trade it enough for us to use it as a medium of exchange. And although volatility is a concern, our carry costs are minimal, and setting your bid and ask prices right will let you clear your order eventually.

Well done.
Let me make a try of it.
Will PM you when I done.

Since I hate people I will try a direct exchange.

also I wonder if I can abuse a VPS for Mining

lol I can only wish! I just re-read up on the bitcoin miners and let me tell you if they don't have good hardware then its not worth it... not only that they would be pissed lol

I had try both way.
For first one, the account need to be verified, which takes few days.
Second one, I can't find the way to add funds to my address.
Please help~

I'm trying bit coins now.

If I use one of my idle server's resources, would it affect the performance ?

Since there's no Graphic cards installed there

I'll try it

I'll report it back later

This post has been edited by Frostbite: Feb 25 2013, 04:34