So as I am waiting for my mining equipment to arrive I have decided to check out as many pools as I can. watching the payouts closely. As I looked around I found  eobot It seems like a very nice start up pool for beginners. Ithas a very nice user friendly desktop, it has its own mining software that works with anything, including CPUS, It also has the ability to mine Cloud mining or buy it, either way you keep what you buy or mine and add it to whatever equipment you are using. I made a page on my website to illustrate my steps I have been using http://knlgfx.wix.com/bitland then go to the mining area please. the other stuff is my referrals and advertisements. The important things about Eobot is on the mining page.

I set this site up to show people, even the ones in here who do not agree and say its "Useless", you can actually get into bitcoins with NO money invested, and by doing those "useless" faucets you can grow and get into bitcoins. I had so many people asking me about it I looked into it myself, and I am growing, slowly but free of charge:)

The real question is how many others use this Eobot pool. Is anyone really successful here with bigger and better mining equipment.

I agree with this, Altho Bolivia Has done it, But how can any government say you can not "use" bitcoin, Bitcoin at the moment is not seen as a currency in the eyes of the law, it is being seen as property and even being taxed as such in some places right now, Therefore, you can not make laws that tell people they can not use it for trading/bartering. In a sense they would have to stop all things that are traded from one thing to another, Like craiglist ads that say will trade my crappy truck for your nice ATV OBO, exactly the same as trading Litecoins for Bitcoins or trading Bitcoins for US dollars. I mean things like this are done everywhere with other pieces of property, if not for this form of bartering Ebay would not exist, ebay even takes it a step farther where it allows people to compete for the highest price in order to trade their local currency for items they see that they want.

I think in most civilized countries these laws will not and could not hold up in any court of law without pressing farther restrictions on other things being traded.

OR you can start your own website that sells Office Depot supplies, and sell their products for bitcoins. This will eliminate the need for them to go along with anything, and increase transactions in the bitcoin network. By buy buying their products at wholesale prices you will be saving money while they are not making as much as they could havebeen making if they just accepted bitcoins as a payment method.

Don't work hard people work smart.

Go to your local town municipal building and then your county municipal building get both a city/town business license, and a county business license, probably a home based business license will be fine, contact an insurance company, and get insurance against theft and damage, such as fire and water damage, every time you add a piece of hardware send the serial number in and the value of it to your insurance company, if it ever gets stolen or damaged in a fire or anything like that the equipment will be replaced at current market value plus interruption of business charges as well.

I would get them in physical form, put them in a pool and swim in them

China and its people deem themselves higher than all races across the Globe. They use their own sites because they do not want to see the truth the world will say about them, if they would darepost the stuff they spout on their own sites in google, facebook or twitter, you can bet they would hear a lot of what they dont want to hear. They like to pump their people up, and lead them to believe China are the smartest people and strongest country in the world, and they dont want to hear anything against what they have to say. They are in territorial disputes with about 15 different nations Japan being one of the biggest disputes, recently they tried hacking the US defense system and got caught, and now they have just made a direct attack on British people and their intelligence, china feels they are untouchable, and they keep pushing buttons on a lot of countries, this will soon backfire on them, and shows how utterly stupid the chinese people are. they have absolutely no leadership qualities of a growing empire and show this in their ignorance on a daily basis, when you catch them doing something illegal, they spin the story and blame you for the exact same act. They are cowards, and idiots, who think their crap dont stink.

They are not needed in the bitcoin industry and i can bet they spend hours upon hours trying to hack it, the first thing they do not like about the currency is it was founded by Japanese name. And they hate, and despise anything Japanese. You could bet if the name on the founding code was Xiu Chan Wan the acceptance of bitcoin in china would be very different.

Well my first thoughts were, what exactly do they think they are doing, if you think about it, it says they can not use the crypto currencies, Ok so what is to stop the people from mining them, exchanging them into any currency that is regulated by a government or authority and then using those funds. Nothing like making  a law that is useless right. Not all peopole trade the currencies, some people just mine them and exchange them for local currency, there are many portals of use for these coins, it is clear the central bank did not use any research when theyb made that law.

Besides that please tell me who wants to buy anything with their bitcoins that is made in Boliva or resides in Boliva? Buying property in Boliva was not on my wish list how about you guys? Or wait what about the new manufactured vehicles Boliva is producing, Oh wait they dont produce vehicles. So what exactly do the Bolivians produce that the world needs or even wants?

The wallstreet boys, investment groups, and the big bullion banks will never get involved in bitcoins, if they can not control its market and manipulate the value of the coin to fill their pockets with profit, the they want nothing to do with it, they will refuse to promote it and could never fit it in a portfolio.  They would not use a currency they can not make billions of dollars every day at the expense of their own clients, Bitcoin is not a manipulative market right now. the only way to move this market in drastic ways like the ones they manipulate on a daily basis, would involve a lot of time, research and a whole lot of money.

Always remember Wallstreet boys did not work for their fortunes, they researched very little, they made their fortunes at the expense of their clients thru collusion and manipulating markets in a way that would cost their clients money and fill their back pocket all at the same time.

If these guys ever do get involved in Bitcoins in any way, that is when I will take my leave, because you can bet your sweet donkey if they are involved it means they found a way to manipulate this market, and no other reason.

I think this was a great video, I agree with everything you said. Good and very informative:)

Absolutely any investment can fail and Bitcoins is no different. If tomorrow every single person who had bitcoin decided not to use them and absolutely no transactions were made for a month, yes this system would fail. If you allow anyone no matter if its a bank, a government anyone in those areas, if they are allowed to control this currency you can bet your donkey it is going to fail hard and fast.

Treat Bitcoins like any investment, know at any time it could fail, but why not ride the train until it does stop. If the strong big bitcoin holders out there were smart, they can actually control the future of bitcoins. Its really simple, they cant not control the coin itself, BUT they could do something that could control the success of its future, for a little while at least.

I keep watching, I see the mines pulling in millions of dollars a month, I see mines pulling in hundreds of thousands of dollars a month, but i dont see any of them actually investing in the future of the currency they are so involved in. It shows they are not business minded people, just hobbyists taking a stab at an investment and riding the train, not running the train just riding it. The more people like this we have invested in this currency the harder it will be to progress its future.

Why does this method just scream to me "MONEY LAUNDERING" I dont know why but that was the first thing that popped into mymind when I read this.

I think you did a good job on the video, It does remind you of a late night infomercial, and considering I watched the whole segment with Michael Robinson I think I would have left him out, he pushed to far and had to twist the truth a bit to get his point across, bitcoin doesnt need the truth twisted, its proof is in the chain. But other than that, you did a great job.

I do not check the price purposely, I neither have a need or a persistent want to continue to check the price, but I can easily see it throughout the day as most of the sites I visit have it posted somehwere. As a miner its price doesnt bother me at all. if it drops back down to 30 dollars a coin Fine if it jumps up to 1500 a coin even better for me. Watching that price is both counterproductive and will not increase its numbers, doing something usefull that promotes a vast use of the coin is what will raise that value, and I have a plan for that if I can get there fast enough Once implemented, many will follow suite and the coin value will triple in a months time. Honestly I am surprised no one has done it yet.

I could not say it in any better words.

Anything that can not be controlled by the US Government, or should I word it better by saying "can not be controlled by THE BIG BANKS/ WALLSTREET" is considered a terrorist and a threat. Case and point!!!

This outflow is not uncommon in worlds in active wars, it happens to every country atthe beginning and during war, they take their money out of local currency investments and put it in "Safe haven" currencies, what this does is secure its value, so if during or after the war the currency has been davalued they dont lose anything in the circumstance. Don't be alarmed or excited by this situation it is common sense international economics at play.

Oh and FYI you can bet that a very VERY small amount, if any of this is going into bitcoins, these are top dog, high dollar investors moving their investments in safe havens, and in the eyes of high dollar investors, bitcoin is not even on their list as a safe haven yet, I would say their money is going into gold, silver palladum or other precious metals or jewels, somehitng that has a more intrinsic value that can be used after these tensions with Ukraine subside.

You are correct, there are many plausible and logical ways for the US Government to  invest in bitcoins and keep the information of these moves public, but when has anyone ever known the US government to do things that were logical?

wow your explanation eased my stress and raised them at the same time.

 Someone should not let any big bankers get this info, because if they do I promise you JP Morgan and Barclays will begin their attack.

I am convinced Ghash is purposely trying to hit the 51% mark, I dont understand it all, but in order to be  a member of Ghash you have sign up in their CEX.Io exchange, I dont like that, then from what I could tell they are renting your hashrate, It is very confusing, and seems like a circle of monopoly they want to run. I think at this point the people joining them are the ones who want to see that 51% hit just to see if they can make the coin fail. I guess you can battle against the stupid and ignorant, It would not surprise me to see that barclays bank or JP Morgan were the funding behind Ghash.io to be honest with you. those 2 places more than any want to see the bitcoin fail and be wiped off the face of finances forever.

I think boycotting them will serve to be futile, as they are purchasing more hash power as they grow. These guys want to hit that 51% and they will not stop until they do.

\

I was wondering the same exact thing myself, stealing ones wallet does not give you their coins, and a person who is notorious of Silk Road would not just makes things so easily accessible, I think what really happened here is as follows

The US Government bought all those coins when the bitcoins surge began, they have held them until a time appropriate for them to sell them, and needed a way to do so, offered Silk road a plea bargain to agree to their terms (that part is speculation) for silk road to say yes their coins were seized, they are now using this silk road situation to sell the coinsthey bought with taxpayers money without telling them the gamble they actually took with all the tax dollars.

Does this seem to wrong, maybe eveen on the lines of conspiracy, well think about this, 401K plans, what happened there, or even worse yet the stimulus packages, what most people dont understand is both of those situations were exactly the same HUGE gambles with tax payer dollars, buying stocks with your retirement, then loosing it all on your end while gaining like theives in the night on their end, they put your retirement into a market they colluded, and stacked against your own retirement and filled their pockets and the bankers pockets who raised the situation to congress in the first place

the stimulous packages were no different, companies got X amount of dollars in return those companies ahd to give X amount of stocks to be controlled by the US treasury, some worked out well others failed dramatically like all GM and GMC owned stocks failed and fell thru the floor loosing the US tax payers a lot of the money that was given in the stimulus packages.

It was nice to see tho, this bitcoin venture they invested in worked out for the best for them.