Bitcoin Forum

Well, how many DO you have?

This poll has already been done, isn't it?

It's possible... I didn't find anything though.

Besides, it never hurts to have an updated poll that all us newbies can participate in as well.  :)

I'm generating around 50/day, but I'm selling off every 200-300 to ensure that my hardware is all paid off rather than holding it for speculation.  Depending on difficulty jumps, all my 5 rigs should be paid for in about 5 weeks.

I'm still unsure about what the difficulty change will be AFTER this one due to the OCN thread causing a big spike in computing power during this difficulty, which is already starting to die down.  The damage has already been done by it regarding the next jump, but I have a feeling the following jump will be minor (< 5%), or even a drop.

What if the difficulty goes through the roof, and you have sold all of your bitcoins to pay for your rig? Then you'll just be left with a bunch of video cards and nobody to sell them to :P

I suggest you hold on to them for at least a few more months.

I think you should also write 'You're lying!' next to the '0-10' option.

I have one of the following amounts:

152.73
1527.31
15273.19

I have less then 1 as I spent some and only have a radeon 5670 and I don't run it 24/7. Also, I only found this from ocn the other day and am quite mad they don't allow discusion of bitcoin on their site.

Well you can certainly discuss bitcoin here  :D

Just a suggestion, if you're just here for the mining, take a few minutes to read over what bitcoin is and why it's so good - odds are you probably will want to actually use it rather than just mine :)

No way!  I still don't have 10 myself... want a screenshot of my deepbit account?  Lol...

Oh, no I'm not here just for mining. I think the entire idea is great. My dad is just a little skeptical. He wories about the legality and also thinks it is a sort of get rich quick scheme. I think it is great to have a currency that is not goverment controlled especialy the way the US has been managing the money supply.

Your dad is a wise man--BitCoin itself is supposed to be a currency, not a moneymaker.  The real work of growing the BitCoin economy requires people to build businesses and earn wages in bitcoins.  People making money in mining or speculating right now are just profiting off of being ahead of the curve.  It's still a long, hard road before BitCoin becomes stable and established.  There's no such thing as free money!

Well, I just want to use it as a way to pay off the difrence between my current grafics card and a 5770. It would not take that long to get that many bitcoins if running 24/7.

That's the spirit.

Currently 20 and a bit in my wallet. Besides my 0.05 from the faucet, all of it is from mining on the 6990 I bought less than a week ago mostly for that purpose (but also because it's awesome).

0.05. :D I don't have any equipment to mine with and they're surprisingly difficult to buy if you don't have PayPal, so...

Offer something against bitcoins. Goods or services ;-)

This should probably be more Gaussian, but I'm putting it out anyway as a thought experiment:

1 person, Satoshi, has a million BTC
10 have 100.000 BTC (2 MIO total)
100 have 10.000 BTC (3 MIO total)
1000 have 1.000 BTC (4 MIO total)
10000 have 100 BTC (5 MIO total)
100000 have 10 BTC (6 MIO total)

1 + 10 + 100 + 1 000 + 10 000 + 100 000 = 111 111 users

Very interesting... I wonder how well that would actually match up with the real-world statistics.

Bitcoin is whatever the market decides it is. 


Even if Bitcoin was used purely as an investment vehicle it could still become a large and sustainable economy in its own right.


Yes there is.  Every time anyone in history has managed to raise productivity simply by doing things more cleverly, new wealth was created without the need for extra work. This new wealth is effectively free money emerging out of thin air.  Bitcoin is one such example.

I got lucky and minted a block of 50 about a week ago.  I don't expect that to happen again soon, but it was pretty exciting!

I'm wondering how many to keep and how many to let go.  Do I understand right, that for my minted coins, on the ones I spend and release into the market, I collect any transaction fees on my coins as they are spent through the economy?

Sorry, no.  That'd be cool, but once you sell a Bitcoin, it's gone.

I bought twenty early on, but have been slowly accumulating them through donations from my writing (i.e. http://cuhistory.blogspot.com/2011/05/coming-micro-ownership-revolution.html) and the profits from selling t-shirts (http://www.iusecoins.com). My general policy thus far has been to cash out about 25% of what I make commercially to cover expenses and hedge against the risk of the whole thing going up in smoke, while hanging on to the rest...

No. You collect transaction fees, if any, when you generate the block. Instead of getting 50 bitcoins for the block, you will occasionally see that you got, say, 50.2 bitcoins because the block you generated included someone's very large or very small transactions.

I forgot the post was from 2011... I was about to ask you how much power you had!!


"Every time anyone in history has managed to raise productivity simply by doing things more cleverly, new wealth was created without the need for extra work. This new wealth is effectively free money emerging out of thin air.  Bitcoin is one such example." I think it is worth quoting you here

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