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1121  Local / 中文 (Chinese) / Re: 我的Mt账户和Email被黑了,但如果不是Mt客服反应太慢,本可以避免损失。 on: May 09, 2013, 07:24:11 PM
你们怎么不用btcchina或者bter.com?都是国内的,作息时间都一样。据说bter客服很迅速。
1122  Alternate cryptocurrencies / Altcoin Discussion / Re: OK Mod told me no Child boards - Then "Cyrptocurrencies" Own forum? on: May 09, 2013, 07:12:23 PM
They already have their own forums, nearly every alt coin has their own forum hosted on their own server.
1123  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 09, 2013, 04:41:08 PM
BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

BTCGuild only has 3% fees, I don't call that outrageous. Plus they pay orphaned blocks and tx fees, so it's a pretty good deal.

3% PPLNS, 7.5% PPS is outrageous, can you find me a pool that charges more? including any alt coin pool? no you can't, so BTCGuild is charging the highest fee in all crypto land. Therefore, outrageous.

3% PPLNS is not outrageous, it's standard. Not all pools pay tx fees and orphaned blocks. Orphaned blocks are worth an additional 1% to miners and tx fees another ~ 2%.

There's no point bringing up the PPS fee. Apart from the fact it was introduced to help reduce BTCGuild's proportion of the network, ASICMiner is mining on PPLNS so it has no  bearing on our discussion.



bitminter also pays tx fee, and has 1% flat fee, so let's say paying for orphaned is worth 1% (I highly doubt it), so btcguild's fee is actually 2%, then bitminter fee is still 50% lower than btcguild (1% vs 2%). Not to mention bitminter gives you roughly 8% extra current income by giving you free NMC to sell.
1124  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 09, 2013, 04:28:20 PM
BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

I guees the 10% will melt away shortly. Think about the hashpower that is directed to these altcoins now. The coins have to be sold too. So it will put pressure on the price. And so on... Wont work out for long.

You know how funny your argument is right? Think about the hashpower that is directed to Bitcoin now, the coins have to be sold too, so it will put pressure on the price?

Bitcoin isnt comparable to the altcoins. You should check the amount of worth traded each day in bitcoins and the amount of worth transferred in altcoins. Its way way less. Its the same with the orderbooks. So when you sell or buy bitcoins worht $10000 the price wont change. Do the same with a small coin the price will drop or rise a lot. Thats the difference. And thats why mining with big hashpower for altcoins wont last very long for a reasonable price.

I don't understand your logic, the amount of NMC produced per day is same, by mining at bitminter, some of that amount goes to AM instead of others. The amount that can be sold per day remains the same, why would you think AM mining some NMC will crash the NMC market? if you haven't noticed, NMC has risen over 10 fold over the last few month, so did LTC and PPC and many other alt coins. The alt coin market is only getting stronger, by a factor of 10 or more. AM selling some NMC is a drop in the bucket.

Alt coin has some serious advantages over Bitcoin. For example I find myself increasingly doing transactions in LTC, due to the lightning fast confirmation. Whenever I do BTC transactions, I find myself kicking myself for not doing it in LTC, because the confirmation time is so slow. Also I'm growing increasingly fond of the 1% interest on my PPC balance.
1125  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 09, 2013, 02:51:26 PM
BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

BTCGuild only has 3% fees, I don't call that outrageous. Plus they pay orphaned blocks and tx fees, so it's a pretty good deal.

3% PPLNS, 7.5% PPS is outrageous, can you find me 3 pools that charges more for PPLNS or PPS? you can't, so BTCGuild is charging the top 3 fee in all crypto land, plus they have economy of scale, so they make a lot more than everybody else. Therefore, outrageous.
1126  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 09, 2013, 02:48:21 PM
BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

I guees the 10% will melt away shortly. Think about the hashpower that is directed to these altcoins now. The coins have to be sold too. So it will put pressure on the price. And so on... Wont work out for long.

You know how funny your argument is right? Think about the hashpower that is directed to Bitcoin now, the coins have to be sold too, so it will put pressure on the price?
1127  Alternate cryptocurrencies / Altcoin Discussion / Re: Coin competition is NOT healthy on: May 09, 2013, 02:38:01 PM
Bitcoin might not be the coin to go to the mainstream, though I am fond of it.  It has the most secure network and psychologically age = trust, and it is the oldest.     The 1-2 hour confirmation time is a problem though.  There's no need to worry about too many alt coins messing things up, the eyes of big investors in Silicon Valley have been caught as well as many others, the ball is rolling.  The interest from Silivon Valley investors is very important.  I was there in the blogging boom having some success with my blog networks and avidly following Tech Crunch.  That was about 6 years ago and now anyone can start a free blog somewhere from many different websites.  Blogs are now just a basic part of the internet, not to mention social media accounts are microblogging platforms, they are basically blogs too.  Cryptocurrencies will be like that, where pretty much every website you can login to you will be able to send cryptocurrncy to.  A web-wallet for cryptos will be a standard feature and different websites will compete for you to use them as a wallet. You'll be able to tip everyone for anything. There's no way of knowing which cryptos will make it, but diversifying is definitely a good idea.

Yep, I think we will standardize on a set of cryptos, much like btc-e.com and bter.com, the two sites are 60% compatible in terms of cryptos they support, this can easily be turned into a wallet service, and we can easily send each other cryptos we want to use. If we want to earn interest on our crypto, we keep coins in PPC or BTB. If we want fast confirmation, we do transactions in LTC/FTC etc...
1128  Alternate cryptocurrencies / Altcoin Discussion / Re: YAC on Bter.com Coming Soon? on: May 09, 2013, 02:30:50 PM
Well since they added the joke coin BQC, so I can see they add another joke coin.

Btw, YAC is not a CPU coin, I know there are people mining on GPU with modified miner scripts as we speak.
1129  Alternate cryptocurrencies / Altcoin Discussion / Re: [GIVEAWAY]FREE BitBar! 0.01 BTB per Person on: May 09, 2013, 02:21:50 PM
lol. At this point .01 is four hours worth of mining on a 7950.

You are right. Due to the value rise on BTB, Unfortunately the faucet is burning funds too fast, and my goal is to get BTB into as many hands as possible. So sadly I announce that the offer will be halved, to 0.005 BTB per person, effective from this post.
1130  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 09, 2013, 02:17:04 PM
BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.
1131  Alternate cryptocurrencies / Altcoin Discussion / Re: [GIVEAWAY]FREE BitBar! 0.01 BTB per Person on: May 08, 2013, 11:21:45 PM
BArQBqEgzatds92pYMrAZmUJo9EuHiXtRp

Thank you Wink

all sent up to post #293
1132  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [BTB] The BitBar Information Thread on: May 08, 2013, 09:56:16 PM
Still no Bitbar calculator? I have no idea how much I'll get xD How can I calculate that manually?

http://www.coinwarz.com/cryptocurrency
1133  Alternate cryptocurrencies / Altcoin Discussion / Re: ★★ ▀▄▀▄▀ BITBAR on BTER now LIVE ▀▄▀▄▀ ★★ on: May 08, 2013, 08:10:26 PM
woulndt the network just collapse when there's no incentive left for miners? why would ppl mine btb with no reward and no transactions to get fees from?

That's the beauty of PPC based coins, as miners reach saturation point, and start leaving, rewards start coming back, so the network is nearly always at the optimum mining/price equilibrium. Just take a look at history of PPC mining and you'll get the idea.
1134  Alternate cryptocurrencies / Altcoin Discussion / Re: ★★ ▀▄▀▄▀ BITBAR on BTER now LIVE ▀▄▀▄▀ ★★ on: May 08, 2013, 07:34:03 PM
No, it just proves that people have been paying too much for it.
look at bter, any sell order poop out below 0.8 is instantly sold.

I doubt this coin will worth only 1 btc some day. see, 6600 blocks, you cant have 6600 BTC 700,000 USD made from nothing in 1 week.

seeing this you really know which coin is overvalued and undervalued

The current money supply is no where near 6600 BTB, see here: http://bitbar.info/stats/index.php

If difficulty keep going up, the reward will keep go down, to reach 6600 BTB, it'll probabaly be some time next year.
1135  Alternate cryptocurrencies / Altcoin Discussion / Re: ★★ ▀▄▀▄▀ BITBAR on BTER now LIVE ▀▄▀▄▀ ★★ on: May 08, 2013, 07:19:18 PM
So i will make a new coin with 1 block every 1 hour and each block only 0.5 coin, so that coin would worth 200 btc each.

lol.. with this coin

You could have, but you didn't, now you don't have the first mover advantage and no one will support it.
1136  Alternate cryptocurrencies / Altcoin Discussion / Re: Get 5 FREE BTC if you edit your post on first page of Ripple Giveaway on: May 08, 2013, 05:41:33 PM
shouldn't it be to buy the account since they can just 'unedit' after receiving the coin?

Yes if they feel it's worth being tagged scammer.
1137  Alternate cryptocurrencies / Altcoin Discussion / Re: BITBAR Purchase, Public Record for Credibility and Rep building... on: May 08, 2013, 05:12:48 PM
This is the part I don't understand: WHY CANNOT THE ADMIN JUST BAN THE SCAMMERS.

There's a serious lack of moderators in these forums, and also the scammers just get another account easy. As long as people are doing non-escrow "i send first" deals with 5 day old accounts, this will happen.
1138  Alternate cryptocurrencies / Altcoin Discussion / Re: [GIVEAWAY]FREE BitBar! 0.01 BTB per Person on: May 08, 2013, 05:10:33 PM
I'm hoping that you might make an exception for the number of posts...

Just joined the cryptomining community and have been soaking up the forums instead of posting on them. 

BMWnswAoVnPXK9JtHqgUR1KqvndoSFZtTF

I'm betting on BTB and BTC now!  Crossing my fingers this currency becomes bigger than litecoin and btc both.

welcome, you got it
1139  Economy / Speculation / Re: China : The next price bump on: May 08, 2013, 03:41:41 PM
Quick news flash.

Average gross income is < $5500 per year. (2010)

All this "new money"? Let's talk smaller.

70% of Chinese are not even really part of the economy, but they count for the average. Those who read Xinhua are part of the economy.

But yeah, you're right. We're not talking about 100K per year.


But there is $ in numbers. If every single person in China invested $1 in BTC

What I was trying to bring across is that 30% of Chinese, that's 300 million, are not so much different from us in their actual income and daily lives.



That's a vast over-estimation. I'd say 30 million would be more accurate. There are about 30 million Chinese with income comparable to US/EU. The vast majority are much lower. New college grads make about $500/month salary in China, and that's considered very good start salary for a college grad.
1140  Economy / Speculation / Re: How would a thousand or so alt coins affect Bitcoin? on: May 08, 2013, 03:38:14 PM
Alt coin could open my computer up to viruses/trojans if I run it.
https://bitcointalk.org/index.php?topic=42465.0

That's BS, so far not a single alt coin contained virus/trojans, because it's all open source. A closed source altcoin would face nearly zero adoption.
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