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101  Other / Beginners & Help / Re: Best faucet for btc on: December 09, 2013, 07:42:19 PM
anyone roll near a 10,000 on freebitcoin?
102  Economy / Micro Earnings / Re: Win free Bitcoins every hour! on: December 09, 2013, 04:23:50 PM
I have auto-withdraw enabled and I had over the .00005460 amount last Monday, but it didn't withdraw  Huh

Well, I am at .00010337 BTC now...

That is wierd. Could you please wait till this weeks payouts and let me know if you still haven't received your payment by Monday.

I have received the transfer
103  Other / Beginners & Help / Re: Mining with standard laptop options on: December 09, 2013, 04:08:39 PM
with CPU mining, you'll be earning btc faster from faucet sites. but you can CPU mine to learn about mining.
104  Other / Beginners & Help / Re: Slush's pool switch on: December 08, 2013, 04:57:28 AM
i couldn't hit the minimum payout either  Embarrassed
105  Other / Beginners & Help / Re: Why does CEX.IO "lend" it's miners to others? on: December 07, 2013, 05:55:14 PM
you run the chance that GHS goes down

someone made a cex.io calculator: http://www.ltcinstawallet.com/cexio-reinvest/ - the profits hit a limit

So lets say I bought .01 BTC for GHS on CEX.IO. At the current rate of .075 BTC/GHS I would get .133 GHS or 133 MHASH. What time period would I get that hash rate for?

you keep it forever, in theory, until you sell or CEX.io goes down.
106  Other / Beginners & Help / Re: Don't sell your bitcoins while it's falling! on: December 07, 2013, 05:20:32 PM
bitcoin in China: http://www.reddit.com/r/Bitcoin/comments/1sbefw/chinese_investment_banker_says_what_nobody_in_the/
107  Other / Beginners & Help / Re: $1000 to invest. Bit, Lite, or Peer? on: December 07, 2013, 05:04:48 PM
now may be a good time to go into BTC, it's dropping
108  Other / Beginners & Help / Re: Why does CEX.IO "lend" it's miners to others? on: December 07, 2013, 07:20:34 AM
you run the chance that GHS goes down

someone made a cex.io calculator: http://www.ltcinstawallet.com/cexio-reinvest/ - the profits hit a limit
109  Economy / Games and rounds / Re: Lottery & Giveaway 0.002 Bitcoins on: December 07, 2013, 07:09:04 AM
1GNFfEdPpdpcZpPnL5rJ41FB7Ls9ZtKdKi
You need to share tips about btc first at newbie thread
https://bitcointalk.org/index.php?topic=360519.0


Okay, shared!
110  Other / Beginners & Help / Re: Lottery & Giveaway 0.002 Bitcoins on: December 07, 2013, 06:58:08 AM
Here are helpful resources for newbies. As a noob, the first thing is to research. I pretty much started learning about bitcoin from these links.

Getting your first wallet: http://blockchain.info/wallet
Converting IRL money to BTC: http://coinbase.com
Bitcoin Newbies: https://bitcointalk.org/index.php?board=39.0
/r/BitcoinBeginner: http://www.reddit.com/r/BitcoinBeginners
/r/Bitcoin: http://reddit.com/r/Bitcoin
Chat with bitcoiners: https://coinchat.org
Your all-in-one cryptocurrency wallets: http://cryptsy.com
Getting into cloud mining: http://cex.io
111  Other / Beginners & Help / Re: $100 to spend on Coins/mining gear or something on: December 07, 2013, 06:31:55 AM
Bitcoins is best, you could only buy 2 USB block erupters for $100

at what rate would a USB block erupter mine?
112  Economy / Games and rounds / Re: Lottery & Giveaway 0.002 Bitcoins on: December 07, 2013, 06:25:35 AM
1GNFfEdPpdpcZpPnL5rJ41FB7Ls9ZtKdKi
113  Other / Beginners & Help / Re: [Project Announcement] cexio-reinvest calculator on: December 06, 2013, 11:28:54 PM
nice calculator Smiley

didn't know there is a limit to what you can earn Undecided
114  Economy / Micro Earnings / Re: Win free Bitcoins every hour! on: December 06, 2013, 06:31:49 PM
I have auto-withdraw enabled and I had over the .00005460 amount last Monday, but it didn't withdraw  Huh

Well, I am at .00010337 BTC now...
115  Other / Beginners & Help / Re: Best strategy for a newbie with about $10k to invest on: December 06, 2013, 06:24:08 PM
Please don't invest in mining without first learning how to compute your expected return. Too many newbies blindly invest and end up losing money.

For example, on cex.io, a popular cloud mining site, 1 GH/s costs 0.074 BTC, but 1 GH/s will never mine more than 0.05 BTC. For every GH/s you buy on that site at that price, you will lose up to 0.024 BTC.

how do you calculate never mining more than .05 BTC? so investing in CEX results in losing up to .024 BTC? so invest, or no? it looks profitable atm!
116  Other / Beginners & Help / Re: Best strategy for a newbie with about $10k to invest on: December 06, 2013, 06:15:06 PM
Best strategy would be to invest in Cloud Mining, as you have the option to opt out anytime you feel like.

I took a look at the cex.io site and the numbers seemed very bad.
Maybe I read them wrong?
Can you help here? It says GH/BTC 0.0747 what does this mean? 0.0747 GH/s for one bitcoin or 0.0747 bit coins for 1 GH/s?

If it is the former then $10k would get you 74 MH/s which is just pathetic. You would end up just losing money.

The latter on the other hand equates to about 13GH/s per bitcoin which makes much more sense. Hmmm. I might actually consider this. What I don't understand is how the maintenance fee works. I expect hat after about three to four  months you would want to  pull out your money and mined coins as difficulty skyrockets but I'm not entirely sure of the math related to the depreciation wrt maintenance and pool fees. The calculator just says 3% for each. IS that monthly/ daily does it compound?

I think i'll just email those guys.

And lastly, why don't they just mine the damn thing themselves? I can't imagine they have idle hardware sitting there waiting for someone to pay for CPU/ASIC time.

it means you pay .0747 BTC for 1 GH/s

i have tested the waters with .1 BTC into CEX, and i am at .108, with the price of GH/s on the rise!
117  Other / Beginners & Help / Re: Hardware v's Cloud Solutions on: December 05, 2013, 08:16:31 PM
I kind of like CEX.IO.  It was a bit confusing when I first came across it as to exactly what they were offering.  I just signed up this week and transferred in enough NMC to get started mining with 3.0 GH/s.  While that will not get me a lot of BTC, I do not have to worry about keeping all the BTC miners running in the house.  I have about 60 GH/s in Butterfly labs mining equipment running at the house.  With the high prices they are bringing on EBay right now, it almost seems more cost effective to sell them all there and put the $$$ into GH/s on CEX.IO and not worry about the electric bill or hot room any more.

how much was the butterfly labs?
118  Other / Beginners & Help / Re: Hardware v's Cloud Solutions on: December 05, 2013, 07:06:53 PM
i jumped into CEX yesterday with 1.43 GHS (~ .1 BTC).

Here's my 24 hour stats:
BTC: 0.000781050
NMC: 0.001680530
IXC: 0.009009370
DVC: 0.32637025

a quick estimate for a months time (30 days):
0.000781050 BTC x 30 = .0234315 BTC

the good thing is you can convert GHS back to BTC at anytime.
119  Other / Beginners & Help / Re: $100 to spend on Coins/mining gear or something on: December 05, 2013, 03:06:34 PM
i recommend CEX, you mine while you hold on to GHS, and you can convert GHS back to BTC. but you need BTC to get GHS.
120  Other / Beginners & Help / Re: What are the best coins to hold for future on: December 05, 2013, 02:58:44 PM
DVC is dirt cheap! got ~1500 of them

GHS is probably the best option imo. i am getting BTC, NMC, IXC, and DVC while holding GHS
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