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Welcome to all new members ,
Please be careful when looking to invest in anything todo with Bitcoin , Tech, Mining Contracts , Pre Orders, and others looking for Shares!
Do not part with your cash until you have exhausted all the information in this forum and have a very clear idea of why your here.
Welcome
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not a bad bit of press for bit coin but the shocking thing from that was the 2033 timeline , i previously said in another post that the 2140 timeline has been reduced and it will be reduced again so all coins will be mined buy 2020 7 years from now !!!!!!!!!!!!!!!!!!!!!
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Do you even economics, bro? The price of bitcoin is going to go up, you know...  Also (Do you even economics ) what dose that mean? |
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Do you even economics, bro? The price of bitcoin is going to go up, you know... Yes i do Ive studied it in depth and you ALL may want to pay attention to the very imminent collapse of the US dollar http://www.youtube.com/watch?v=4hgA9j-4dB0first you have to understand that all components of this are connected you cant change one with out effecting the other something you seam to have forgotten or just didn't realize! with the diff changing it will take 100Ghash to achieve what you get with 1Ghash today then 1Thash to get what you have archived with 100Ghash ect ect ect , how do you get to 1Thash if the big players stop making the Big Miners? how many block erupters for that , how much electric will that use and again its down to ROI as electric prices continue to go up , theres only so much you can run with a solar panel before you become a solar farm! by the end of this year i can imagine a BFL Avalon selling for 1/4 its price today and thats a good thing i will buy as many as i can as im in this for the long long long game as you all should be aswell. I agree the single price of a bitcoin is going to go into outta space , mid next year will be around £1000 - £5000 per coin so to mine one coin how much equipment would you need? before the crash of 2008 1oz of gold was £285 a couple months later it was £1200 ish tell what you think the future of bitcoin mining is? Big Miners Shutdown? Exodus of miners and the hash drops? Diff Drops and were back in the game ? Price Of bitCoin Gose up and up and dosnt stop? world bank/European central bank/ Crushes bitcoin? |
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I jumped from cpu mining to gpu mining to asics, I side stepped the FPGA period, (they appeared to be a pointless device, someone will correct me here)
I still have some BFL (clones) on the way this month, and then low power 28 nm devices due for delivery in December onwards.
These could be too late to market (same as BFL mainstream devices) so the order is limited.
I would have loved to replace my GPU's with devices like the Monarch.(maybe the next generation will follow this path?)
What I am looking for now is an early step onto the next level, whatever it may be. The pool will continue to grow, its called progress.
What we need from the hardware vendors is scaleable devices, not replaceable devices.
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I personally don't think they can build the monarch , because of the heat generated , big power small unit with single fan . the monarch is a fluff device to keep you interested in BFL. i personally don't think it will every be built and if it dose i don't think there's anyone left who will pre order it
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I am beginning to think China is a country with more democracy then the US. I can't wait when China is the most powerful country in the world, and knock US off the rank. You may get your wish, but the recent experience of countries like the Philippines gives a preview of how much fun it is to deal with an ascendant China. There is no doubt that US power is eroding and the NSA spying is horrible but there is still a lot of idealism in the US and its problems are on the front page for everyone to see. Many other countries try and hide and cover up their problems often attempting to deflect blame somehow to the US. Actually according to the history lesson, China explore the entire world in 1405. They were peaceful and just do trading and visiting different countries. http://www.economist.com/node/5381851Whereas, when the Westerner explore around the world in 1492. They went around conquering different countries and killing other native people to steal from them. If China become the most powerful country in the world. There will be no more war. Unlike the US, which love war. If you look at all the history, how many countries have they ruin? Just recent years; Vietnam, Iraq, Afghanistan, and they are targeting Iran next. How many war has China started in the recent years? I do believe the world will be a much more peaceful place to live in. your crazy man ..............so the Chinese didn't brutally murder the monks in Tibet shutting down all the monastery and crushing there religion!!!!!!!!!!!!! that the Chinese didn't kill 100,000,s of there own people when they decided to rise up against them. im sorry but your a fucking idiot to post that , go read a book on Chinese history man How many people and countries have the American destroy, including their own soldiers who goes to war? How many people have the American killed? Compare that to the Chinese, I think the US killed more people. Also fire work was invented by the Chinese to do celebration. The western countries reinvented the gun power to kill. How many people have been killed by the weapons sold by the US? Count all that then tell me, isn't China more peaceful? If you talk about religion US is attacking all the Islam countries. China only attacked Tibet. You said China had kill 100,000s of their own people. How many Native American Indian was killed by the American? How many people was kill in the civil war? your a twat............... did i support the US NO, did i defend the US NO....... what the fuck you talking about!!!!! dosnt matter how many people one people killed they still killed people your an R-Tard!! the chinese are taking over the planet and that alone will lead to war and the deaths of millions of people , your such a massive fucking stupid fucking twat cunt fuck face prick cunt . people like you make me fucking sick with your short sighted opinion i hate WAR i hate the need for the killing of people for resources of the greedy oligarchs of this world . your comment was ANTI American and ANTI HUMANITY i seek peace for all mankind and advocate war to the mentally ILL people like you. Dose anyone talk about the Spanish killing millions of people in the south Americas NO THEY DONT Dose anyone talk about the Millions Killed By Ghengas Khan NO THEY DONT Dose anyone talk about the 6 Million Horses Killed in world war 2 NO THEY DONT Dose anyone talk about the Millions Killed by Man Made Virus's that are produced by multiple country's NO THEY DONT you are a fuck-tard go fuck your own face To all other members of this forum im sorry for my rage at this person |
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I am beginning to think China is a country with more democracy then the US. I can't wait when China is the most powerful country in the world, and knock US off the rank. You may get your wish, but the recent experience of countries like the Philippines gives a preview of how much fun it is to deal with an ascendant China. There is no doubt that US power is eroding and the NSA spying is horrible but there is still a lot of idealism in the US and its problems are on the front page for everyone to see. Many other countries try and hide and cover up their problems often attempting to deflect blame somehow to the US. Actually according to the history lesson, China explore the entire world in 1405. They were peaceful and just do trading and visiting different countries. http://www.economist.com/node/5381851Whereas, when the Westerner explore around the world in 1492. They went around conquering different countries and killing other native people to steal from them. If China become the most powerful country in the world. There will be no more war. Unlike the US, which love war. If you look at all the history, how many countries have they ruin? Just recent years; Vietnam, Iraq, Afghanistan, and they are targeting Iran next. How many war has China started in the recent years? I do believe the world will be a much more peaceful place to live in. your crazy man ..............so the Chinese didn't brutally murder the monks in Tibet shutting down all the monastery and crushing there religion!!!!!!!!!!!!! that the Chinese didn't kill 100,000,s of there own people when they decided to rise up against them. im sorry but your a fucking idiot to post that , go read a book on Chinese history man |
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haha man I'm so glad I paid with a CC!! Got a refund a few weeks back and never looked back. BFL will be bankrupt sometime next year.
Ive just argued this point in another post , i agree i belive there company has no future i can and have bought Bluefurys cheaper and faster than a BFL Machine lol |
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Is it only me or everyone?
seams ok for me , what issues you having ? |
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@bitcoinexpress you must be a millionaire now then buddy?
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Keep following the trail... only miners using renewable energies will be able to compete in mining and if they keep expanding operations then the energy mining will be at least as profitable to them as the bitcoin mining so can expand on its own. If Satoshi was thinking that far ahead he was one smart fscker  energy mining, solar array in the back yard and sell the excess back to the grid ? |
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one fatal flaw , the investments will pull out & the confidence will be gone, no one will return to a previously ruined system. Once something looses its shine its gone people are fickle im afraid. ive been reserching bitcoin indepth for a while now reading everything i possible can whist running a small rig to monitor changes, the last Diff jump has halved the rewards and theres another one in 10 days. the depretiation of this system is turning into a KILLER a suicide of its self its like miners are killing the very system we are trying to keep alive , Mining is unsustainable theres no ROI. already theres new 4.5ghash plug and play miner on ebay for a couple hundred so why buy BFL or KnC , they will be out of business by next year and again people with pre orders or have paid top dollar will be out of pocket with a machine thats worthless. tell me im wrong in detail and i will continue this conversation
cheers
There's more than one fatal flaw here. 1) ROI - You're assuming everyone computes ROI on today's value and not some speculative point int he future. When I was mining full force after Bitcoin had crashed to just below $2.00 from a high of $33.00+ in June 2011 people told me I was crazy to keep mining at 70GHS. Funny thing in April 2013 I had the last laugh as those negative ROI Bitcoins I mined were 100x worth more than what they were valued at when I mined them. The same thing can be said about the Bitcoins mined after supposed ROI is non profitable today in 2013. What if in two years from now they are worth $10K each??? Yeah, Yeah, I heard the same thing back in late 2011, Bitcoin will never see a price like that. ~BCX~ i agree i personally think that 1 BitCoin in the future will be worth upwards of £100,000 to create liquidity in the market, what you said about the past is in the past and dose not merit talking about at this point in time!! and as for ROI we are all in the same boat, expensive miners using lots of power generating less money than expected for the purchaser, you just have to read the latest posts about BFL equipment to know there a waste of money power consumption to get ya money back, ive just got 3 BlueFurys pushing just under 9Ghash for less than the price of a BFL 5Ghash box so why would i buy a BFL 5Ghash box .........dosnt make sense , the new 4.5Ghash miners are just a bit more expensive than the Bluefurys so why would i buy a 30Ghash box for £1700 .......... dosnt make sense , somethings gotta give . i would be so pissed off if i had a BFL on pre order and it arrived this week i would sell it on ebay as it seams alot of people are doing. ive read alot of horror storys about these mining company s making big Ghash machines that turn up damaged , dont turn up at all , burn out after a short while, and caps exploding on mainboard. people need to stop buying them i think. sorry went on abit of a rant there lol , i hear ya buddy i just think were being short sighted with how this tech and the speeds + diff change render out expensive tech pointless .............. ending up with an exodus of miners that support the bitcoin. |
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I'm unsure of what to do right now. Since the difficulty of bitcoins is hitting the expotential curve and will soon become non-profitable, unless you use solar power or something, what's next? What cryptocurrencies could bring in more profit when bitcoin stops and what coins are sort of "the ones to watch"? I'm mainly interested in SHA-256 coins, but I like scrypt too I have been looking at PPCoin, but Terracoin seem to be doing well too. Any plans for what you're doing after bitcoins would be helpful too, I'm just trying to make a plan for where to go after bitcoins, what time to go, etc.... Any input welcome Zetacoin is good if you sticking with SHA256 mining. Scrypt mining still is more cheaper for mining hardware. Wish solar power systems get cheaper, 50% to 75% of the current cost. Solar panels are get more efficient, 500 to 600 watts per panel from what I researched online. Obviously, you have to be in an area with year round sunshine or close to it. 500/600 watt solar panel lol yeah right show me the link |
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a victim of its own success and technology, ive read more about bitcoins in the past few months than anything ive ever looked into excluding my own Engineering Career, i think bit coins is over come january next year the mining with be abandoned and the network will slow down to a crawl creating new problems after the money men have invested alot into this , as miners we know whats going on with the tech. the investors just see a cash cow and bandwagon to jump on to make money. without mining there's no bitcoin. chicken and the egg.
shame ive seen the rewards halved since the last diff change
One fatal flaw. When miners pull out difficulty will drop, coins will be cheaper to mine. Miners come back in again. one fatal flaw , the investments will pull out & the confidence will be gone, no one will return to a previously ruined system. Once something looses its shine its gone people are fickle im afraid. ive been reserching bitcoin indepth for a while now reading everything i possible can whist running a small rig to monitor changes, the last Diff jump has halved the rewards and theres another one in 10 days. the depretiation of this system is turning into a KILLER a suicide of its self its like miners are killing the very system we are trying to keep alive , Mining is unsustainable theres no ROI. already theres new 4.5ghash plug and play miner on ebay for a couple hundred so why buy BFL or KnC , they will be out of business by next year and again people with pre orders or have paid top dollar will be out of pocket with a machine thats worthless. tell me im wrong in detail and i will continue this conversation cheers |
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a victim of its own success and technology, ive read more about bitcoins in the past few months than anything ive ever looked into excluding my own Engineering Career, i think bit coins is over come january next year the mining with be abandoned and the network will slow down to a crawl creating new problems after the money men have invested alot into this , as miners we know whats going on with the tech. the investors just see a cash cow and bandwagon to jump on to make money. without mining there's no bitcoin. chicken and the egg.
shame ive seen the rewards halved since the last diff change
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The republican plan to stop government waste. Send all the employees home, but continue to pay them. with no productivity from them lol , makes ya wonder dude! |
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Have you seen http://www.virtualminingcorp.com/ There are no waiting and if you can spend money, this one is even more powerful than CoinTerra. VMC's top end miner is 24.576 TH/s. give them your cash and wave it good buy you will see nothing in return. lol SCAMS |
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With The Difficulty Increasing and rewards dwindling dose it makes sense to spend Big Money on expensive miners when they will barely make there ROI, just buying the coins from an exchange makes more sense?
£5000 / £10,000 as an investment i would buy the coins.
For Company's who make Mining technology there costs are instantly high , company rates , employment costs, energy costs,Taxes ect ect ect, there products devalue faster than a Ferrari driven off the forecourt !!! already Ive seen many BFL jalapenos barely get the asking price and the 30G 60G getting cheaper and cheaper with 60Ghash becoming the basic entry level to mining.
SO what happens when these company's close down and we don't have any more new mining boxes to pre order or purchase? the KNC miners are burning out BFL power Supplys are Burning out and a host of other issue with the other tech i keep reading about, because of greedy people rushing this tech out the door. I know electrical equipment is prone to issues but with such low Volumes having 50 units fail is a larger % compared with a GFX Producer who makes millions of Units having had there RnD spend years tweaking the product with Millions of $ spent on quality control.
Im starting to see the downfall of the tech because of the price nothing else!
End Of Big Miners..........You Tell Me ?
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What should i buy? or should i do something else?
buy $300 in bitcoins dont mine them , or a 13Ghash Blade? |
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